Crypto Morning Post * Important information that can't be missed every day * June 25, 2025 1. The Middle East agreed to a truce yesterday, but as a result, Iran and Israel fought again, Trump said he was angry, accusing both sides of violating the truce agreement, but the market was immune to yesterday's bombing by Israel and Iran, and there was little reaction. 2. During yesterday's hearing, Powell gave the conditions for when to cut interest rates: Weaker inflation than expected may lead to an early rate cut; A weak labour market can also cut interest rates early; 3. Powell on crypto: Banks can provide services to the cryptocurrency industry, provided that the financial system is safe and sound; Stablecoin-related legislation is advancing, which is good; The Federal Reserve does not have the legal right to buy Bitcoin and does not seek that authority; 4. Guotai Junan International has been approved to provide cryptocurrency trading services, and its stock price has soared at the opening today, with an increase of 80%+; 5. Grayscale launched Space and Time Trust to provide investment exposure to SXT; 6. Bank for International Settlements: Stablecoins failed the "three key tests": singleness, elasticity, and integrity. For the concept of three key tests, you can take a look at the X thread in @ordjingle, which is written in great detail: 7. Aptos Labs and Jump Crypto Announce Joint Launch of Shelby, a Decentralized Hot Storage Network; 8. There was a speedrun golden dog on the chain last night, and the official reply of SOL was #solami, and the highest FDV came directly to about 12M, and there was also this morning's #Grok69, which was also a speedrun of 1M+; 9. The new platform of the ETH chain @klik_evm the #ERC-69 FDV above is up to 13M, and now it has retraced to about 5M, stay tuned to see if it can be favoured by Dog Village. 10. CEX copycats followed the rebound of Bitcoin, and the $SEI $APT trend of the public chain track in the past two days is relatively strong. 11. #NEWT I like to mention the major head exchanges, and the students who are brushing their hair are already numb. 12. Nano Labs today announced a $500 million private placement of convertible bonds for its BNB reserve strategy, and Nano shares soared; 【Market Analysis】 Bitcoin has gone through the short-term impact of the Middle East war, and has now completely returned to the position before the impact, and this wave of small declines has been completely digested, indicating that the market is still relatively strong in buying, and it is currently mainly dominated by listed companies and institutions. Bitcoin's 4-hour level stands near 106,500 before it is possible to continue to rise, otherwise it is still dominated by shocks, and it is not yet completely certain to stand firm, so it is necessary to continue to observe, in addition, it is necessary to pay attention to the tariff policy in July, Trump's 3-month extension is about to expire, and the plan after expiration will also affect the market trend in the short term, so contract players must pay attention to the risk. In short, with Trump, short-term uncertainty will always exist, but the long-term trend will not change, so it is still the same strategy, and every dip is the best time to buy. 【Risk Warning】 Digital assets fluctuate greatly and the risk is extremely high, please participate cautiously, put an end to full studs, and refuse loan leverage;