Bitcoin (BTC) rebounds are still weak; as of June 23, it is temporarily around $64,190. The U.S. Senate passed a housing bill that includes a four-year Federal Reserve central bank digital currency (CBDC) ban. Trump signed two executive orders aimed at accelerating the development of advanced quantum computers and reducing the security threats they bring.
Macroeconomic Events & Crypto Market Highlights
- According to CoinDesk, the U.S. Senate passed the housing bill by 85 votes to 5, which includes a four-year Federal Reserve central bank digital currency ban. The ban will last until the end of 2030, prohibiting the Federal Reserve system or its affiliated banks from issuing or creating a central bank digital currency or any digital assets that are substantially similar to it.
Although the Federal Reserve is not actively pushing for a CBDC project, Republican lawmakers view CBDC as a dangerous act of excessive government surveillance and insist on including it in the housing bill. The newly appointed Fed chair Kevin Warsh said at his nomination hearing that CBDC is a “bad policy choice.” Trump signed an executive order in January 2025 banning any actions that promote CBDC. If the House passes it and the President signs it, the ban will become law.
- According to The Wall Street Journal, Trump signed two executive orders to speed up the development of advanced quantum computers and reduce the security threats they pose. One executive order was signed on Monday, directing federal agencies—including the Department of Energy—to cooperate with the private sector and academia to deploy a quantum computer capable of being used for scientific research by 2028. This goal is considered a key benchmark to demonstrate the technology’s real-world application capability. Quantum computers can solve problems at speeds far beyond traditional supercomputers, which is why they are becoming an increasingly important area for countries worldwide.
The second executive order Trump signed requires government agencies and security experts to prepare for quantum systems—systems that may break standard encryption systems faster than expected. Its aim is to strengthen security systems in both government and the private sector, preventing advanced quantum hackers from destroying critical infrastructure.
News Updates
1、SpaceX shares fall 16.43% and drop below its IPO first-day closing price; market value evaporates nearly $40 billion in a single day
2、Zhao Changpeng: The AI boom brings traffic to the crypto market; blockchain is the best partner for AI payments
3、U.S. CFTC seeks public comments on 24/7 trading of standardized futures and energy sustainability contracts
4、Strive executives: The digital credit selloff is a liquidation event, not a credit crisis
5、Trump signs two executive orders to accelerate the development of advanced quantum computers
6、21Shares Hyperliquid ETF options are now available for trading on Nasdaq
7、Solana treasury company Solmate: its largest shareholder sues the board of directors, accusing it of disclosure violations and self-dealing
8、Former Ethereum Foundation researcher establishes Ethlabs, supported by Joe Lubin and Bitmine, SharpLink
9、U.S. Senate passes housing bill, including a four-year Fed CBDC ban
Market Performance
1、Bitcoin latest update: <a data-currency='BTC' href='/trade/BTC_USDT'>$BTC The rebound is still weak; it is temporarily around $64,190. In the past 24 hours, $116 million was liquidated, with long liquidations leading;
2、The four major U.S. stock indexes saw mixed gains and losses on June 22. The S&P 500 and Nasdaq closed lower, dragged down by declines in technology giants including SpaceX, Alphabet, and Amazon. Weakness in large tech stocks and rising U.S. Treasury yields masked the positive impact from weekend developments in the U.S.-Iran talks. However, the Philadelphia Semiconductor Index continued to set new highs, and Micron rose strongly ahead of its earnings report. The Dow Jones Industrial Average closed up 148.01 points, up 0.29%, at 51,712.71. The S&P 500 fell 27.79 points, down 0.37%, to 7,472.79. The Nasdaq fell 351.33 points, down 1.32%, to 26,166.60.
(Source: Gate)
3、In the Gate BTC/USDT liquidation map, using the current 64,104 USDT as the reference: if it drops to around $63,462, the total amount of long position liquidations will exceed $663 million; if it rises to around $65,166, the total amount of short position liquidations will exceed $268 million. The amount of short-side liquidations is significantly lower than that of the long side. It is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations when market conditions change.
(Source: Coinglass)
4、Over the past 24 hours, BTC spot inflows were $2.25 billion, outflows were $2.24 billion, resulting in net outflows of $100 million.
(Source: Coinglass)
5、Over the past 24 hours, net outflows led in contract trading for $BTC, $ETH, $SYN, $SNDK, $MNT , etc., indicating potential trading opportunities.
Selected Views from X KOLs
Phyrex Ni（@Phyrex_Ni）：「So the risk of going long on oil right now is really high. Yesterday, when I was about to fall asleep, U.S.-Iran negotiations stalled. Iran blocked the Strait of Hormuz again, and even Iran’s delegation directly left, not planning to continue talks. In an instant, the market pushed WTI to nearly $80. If partners who looked at the news tried to chase longs on WTI, I guess it would be pretty uncomfortable。」
「Because within less than two hours, Iran’s delegation returned to the negotiation table. Neither Trump apologized, nor did Israel agree to a ceasefire. When I later watched the reports, most media said it was Vance’s efforts, but I think it’s pressure from many third-party countries—and both sides also clearly know that this war cannot be fought through.」
「So even if Iran still says the Strait of Hormuz is under blockade, WTI’s price still quickly returned to below $75. Yes, Iran is still claiming it is blocking the Strait of Hormuz, but judging from the situation in the Strait, the congestion isn’t that severe. Ships are still passing normally, though it’s definitely passing more slowly.」
「But I still believe that opening the Strait of Hormuz is just a matter of time, and it won’t drag on for long. Oil prices are the best proof—like a prediction website, the market expresses its judgment directly through prices.」
「Coming back to Bitcoin data, the stability around $60,000 is still quite high. After the U.S. and Iran fully end it, there aren’t new negative catalysts in the short term, so the market’s trend probably won’t be too bad. Right now, $BTC mainly still keeps some consistency with U.S. equities. So as long as U.S. stocks can keep doing well, BTC won’t be too bad.」
「Especially from the recent data, you can see that long-term holders are continuing to break new highs. BTC that is already 75% of circulating supply is in a long-term holding state. On one hand, more BTC has flowed to high-net-worth investors; on the other hand, high-net-worth investors aren’t very interested in short-term price changes.」
What to Watch Today
1、France June manufacturing PMI initial reading; prior value was 49.7
2、Germany June manufacturing PMI initial reading; prior value was 50.1
3、Eurozone June manufacturing PMI initial reading; prior value was 51.6
4、UK June manufacturing PMI (initial reading); prior value was 53.9
5、UK June CBI industrial orders expectations balance; prior value was -41
6、The 17th Summer Davos Forum will be held in Dalian, China, from June 23 to 25
7、Bank of Canada Governor Macklem delivers remarks
