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BlockBeats News, June 17th, according to Bloomberg, the U.S. government has seized nearly $9 million USDT, these funds were traced to an organized fraud network. The U.S. Department of Justice stated that the network stole millions of dollars from victims across the United States.The U.S. Department of Justice said that this action is related to a scam known as the "Romance Scam." The organization used over 70 victims by creating a non-existent cryptocurrency exchange. The "Romance Scam" typically refers to fraudsters gradually gaining the trust of victims through false romantic or personal relationships, as well as fictitious investment returns, and then taking away the funds and disappearing. The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a warning earlier this year about such prevalent crimes, stating that the related frauds have led to losses of billions of dollars for American victims.

The US Department of Justice has seized approximately 9 million USDT assets related to a crypto scam network targeting victims through pig-butchering schemes. This network affected over 70 victims within the United States and illegally transferred millions of dollars in funds.

The internal discussions at the Federal Reserve's first meeting chaired by Waller are likely to be much more hawkish than the final FOMC statement, with core PCE inflation facing the risk of re-accelerating to 3.5% year-over-year. This view is supported by a robust job market, ongoing AI investment demand, and rising commodity prices.Against this backdrop, the statement's wording is expected to remove any accommodative signals hinting at future rate cuts. The median in the dot plot is likely to shift from one rate cut this year to holding steady or even a rate hike, while the long-term rate could rise to 3.25%. The Summary of Economic Projections (SEP) will likely revise the unemployment rate lower and significantly raise the core PCE forecast to at least 2.9%.On a tactical level, the 10-year Treasury yield is finding support near 4.40%, with 4.50% serving as key resistance in the near term. If this level is tested, the market could move into an even higher trading range.There is a clear divergence between paper contracts and the physical market in crude oil: futures curves suggest a gradual price decline over the coming years, but commercial crude and refined product inventories remain historically low relative to demand. This leaves the entire supply chain with systematically thin inventories, leading the physical market to continue pricing in scarcity.Even if the Strait of Hormuz is officially reopened, the process of clearing more than 100 ships stranded for over 100 days will be a slow logistical endeavor, making it difficult for traffic to quickly return to pre-conflict levels. If there are renewed ceasefire disruptions, WTI could trade in the $90 to $120+ per barrel range.The main focus for markets on Wednesday is the FOMC rate decision and Waller’s inaugural press conference. The consensus expects rates to remain unchanged, but the Summary of Economic Projections will reflect the impact of supply shocks on the inflation trajectory. Additionally, there is attention on whether Waller will indicate reforms aimed at reducing forward guidance and the frequency of communications.