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Gate Research VIP Weekly Report: Hawkish Fed Signals, Exchange Deposits Drive USD1 Supply Growth (June 15 – June 21, 2026)

Weekly Summary
Research
Altcoins
Trading
Macro Trends
VIP Daily Industry Report
2026-06-23 10:27:06
Reading Time: 1m
Last Updated 2026-06-23 10:31:17
Concerns over tighter liquidity conditions triggered by the Fed’s hawkish outlook had a significant impact on digital assets. BTC declined approximately 4% over the week, while ETH declined by around 4%. On-chain capital flows showed clear signs of risk reduction and structural rotation, with Ethereum recording a weekly net outflow of $945 million. In contrast, Hyperliquid, Ink, BSC, and Plasma attracted limited inflows driven by narratives around trading, CEX entry points, RWA, and stablecoin payments. Meanwhile, USD1 supply increased by 10.4% over the week, primarily driven by exchange distribution and multi-chain deposits, indicating that stablecoin competition is increasingly shifting toward distribution channels and real-world application scenarios.
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