GoldenOctober2024

Jin10 reported on June 18 that on the 18th local time, Iran's Mehr News Agency announced that Tehran's air defense system successfully repelled Israel's "aggression." Earlier, the Israeli Air Force announced that it had begun a new round of attacks on the Iranian capital Tehran.

On June 18, Jin10 reported that the conflict between Israel and Iran is escalating. Middle East expert Magneel recently warned that the current conflict is not just a regional issue but could evolve into a global crisis. Against the backdrop of ongoing U.S. military aid to Israel, the Middle East is facing the most dangerous moment in decades. He pointed out that if the situation continues to escalate, it could trigger global economic turmoil. Middle East expert Magneel noted that behind the current conflict is the continuous support from the U.S. to Israel. Without the funding and weapon assistance provided by the U.S., Israel would not be able to sustain its current military operations. Discussing the future direction, Magneel issued a warning that the current situation is pushing the Middle East towards the most dangerous tipping point. If the U.S. further escalates its involvement, Iran may close the Strait of Hormuz, cutting off a major global energy route and triggering a global supply chain crisis, leading to widespread economic stagnation.

Jin10 data June 18, news from Minsheng Securities states that the Lujiazui Financial Forum is about to be held on June 18, and several major financial policies are expected to be released. Recently, the "revolutionary" stablecoin in financial technology is accelerating its promotion. Considering the convenience of stablecoins in cross-border payment scenarios, the trend of using stablecoins to replace traditional cross-border payments may continue to advance. Compared to the current stablecoin market capitalization of nearly $250 billion, the demand for stablecoins in cross-border payments, which amounts to nearly $200 trillion in volume, still has significant growth potential.

Jin10 data reported on June 18, as of June 17, the financing balance of the Shanghai Stock Exchange was 9199.89 billion yuan, an increase of 36.99 billion yuan compared to the previous trading day; the financing balance of the Shenzhen Stock Exchange was 8898.74 billion yuan, an increase of 16.84 billion yuan compared to the previous trading day; the total of both markets was 18098.63 billion yuan, an increase of 53.83 billion yuan compared to the previous trading day.

Jin10 data reported on June 18th that, according to foreign media reports, Israel's earlier attack on the eastern suburbs of Tehran, the capital of Iran, may have targeted the large missile production base Kogir located in the southeastern part of the city, near the village of Hajirabad. The attack caused a fire and thick smoke to rise. The area is highly sensitive, being the largest ballistic missile manufacturing base for the Iranian Revolutionary Guard. In an attack by the Israel Defense Forces on Iran last October, the Kogir base was also bombed.

Jin10 data reported on June 18 that Tianfeng Securities research report stated that stablecoins are upgrading from being the "connector" of crypto assets to a new infrastructure for global payments. Under the trend of Compliance, incremental funds and scenarios are expected to rise rapidly. It is estimated that by February 2025, the global supply of stablecoins will reach 214 billion USD, with over 30 million active Addresses on-chain. The scale of stablecoins is growing exponentially, reconstructing a new paradigm for cross-border payments, with diversified application scenarios including cross-border payments, corporate salary payments, and US Treasury collateral Settlements. At the same time, policy catalysts are assisting the development of stablecoins, and the regulatory breakthrough in Hong Kong and the US is opening up the incremental ceiling. In terms of market space, Citibank predicts that the scale of stablecoins will reach 1.6-3.7 trillion USD by 2030.

Anysphere is negotiating with investors for a new round of financing, with a valuation expected to double to between $18 billion and $20 billion. The company was founded in 2023, has annual revenue exceeding $500 million, and recently completed a $900 million financing round, achieving a valuation of $9.9 billion.

Jin10 data June 18 news, Wind data shows that as of June 17, the total equity financing amount of Hong Kong stocks in 2025 reached 213.301 billion HKD, with a year-on-year increase of over 300%. Among them, the IPO financing amount was 77.988 billion HKD, a year-on-year increase of over 500%. Industry insiders believe that against the backdrop of policy implementation deepening and a continuously improving market environment, coupled with multiple favourable information factors resonating such as the acceleration of the return of Chinese concept stocks, the activation of asset securitization demands in Southeast Asia, and the warming expectations of the Federal Reserve's interest rate cuts, it is expected that the Hong Kong stock IPO market will continue its warming trend in the second half of the year and continue to attract a large number of Chinese-funded enterprises to list in Hong Kong.

On June 18, local time, according to the U.S. Consumer News and Business Channel, the Baltic International Shipping Association, one of the world's largest shipping associations, said that the large-scale conflict between Israel and Iran has unnerved the entire shipping industry, and many ships have chosen to avoid the Strait of Hormuz, and the number of ships passing through the Strait of Hormuz is declining. In the context of the aggravation and deterioration of the security situation in the region, it is expected that the cost of sea transportation through the Strait of Hormuz will increase. S&P Global Market Intelligence also said on the 17th that the threat of a large-scale conflict between Israel and Iran is "enough to cause serious disruption to shipping", and there are signs that some shipping companies are beginning to avoid passing through the Strait of Hormuz.

Jin10 reported on June 18 that on June 17 local time, Canadian Prime Minister Carney held the first bilateral meeting with Indian Prime Minister Modi since the new Canadian government took office. In June 2023, Canadian Sikh leader Hardip Singh Nijjar was shot dead in Canada. The Canadian side accused the Indian government of being involved in the murder and launched an investigation into some Indian diplomatic personnel. The Indian side denied the related accusations, leading to strained diplomatic relations between the two countries.

Jin10 Data reported on June 18th, local time, that the Israeli military detected another wave of missiles launched from Iran towards Israel early this morning (June 18th). Air raid alarms were activated in multiple regions of Israel, and defense systems are intercepting the missiles. Explosions were heard in Tel Aviv, located in central Israel. The Israeli military has urged the public to enter shelters immediately upon receiving alerts. This is the second round of missile attacks launched by Iran towards Israel within one hour.

Golden Ten Data, June 18, according to Politico, on Tuesday local time, the U.S. Senate passed landmark cryptocurrency legislation aimed at promoting the growth of the industry. This is a historic lobbying victory for a digital asset company in its first Senate vote on comprehensive regulatory reform of cryptocurrencies. The Senate passed the bill with 68 votes in favor and 30 against, and 18 Democrats, along with a majority of Republicans, supported its introduction to the House of Representatives. The bill, led by Senator Bill Haggerty, Republican of Tennessee, would establish a U.S. regulatory framework for stablecoins pegged to the value of the U.S. dollar for the first time. The vote follows months of intense negotiations between Republican supporters of the bill and a group of crypto-friendly Democratic senators. Republicans will need to enlist the support of these Democrats to meet the 60-vote threshold needed to pass the bill.

Jin10 reported on June 18 that in the early hours of the 18th local time, following the latest round of missile attacks from Iran, reports emerged of multiple missile strikes in central Israel, with medical personnel rushing to the scene for rescue operations. The Israeli emergency organization "Red David Shield" stated that no reports of injuries have been received so far. According to the preliminary assessment by the Israel Defense Forces, Iran fired at least 15 missiles at Israel in this round of attacks.

Jin10 data reported on June 18: According to CME's "Federal Reserve Watch": The probability of the Federal Reserve keeping the interest rate unchanged in June is 97.3%, while the probability of a 25 basis point rate cut is 2.7%; by July, the probability of keeping the interest rate unchanged is 85.3%, the cumulative probability of a 25 basis point rate cut is 14.4%, and the cumulative probability of a 50 basis point rate cut is 0.3%.

Jin10 reported on June 18th, local time on the 17th, that Muhammad Bukhaiti, a member of the political bureau of the Houthi armed group in Yemen, stated that the organization would support Iran in its fight against Israel just as it supports the Palestinians in the Gaza Strip. Bukhaiti reiterated that the organization is coordinating with Tehran during the ongoing military confrontation with Israel.

Jin10 Data, June 18 - A toy company in Illinois, USA, challenged the Trump administration's tariff policy in the Supreme Court on the same day, attempting to urge the judges to quickly rule on its legality. It is understood that the company filed an appeal, requesting the Supreme Court to expedite the hearing of the case, rather than allowing it to continue in the lower courts. The company claims that the Trump administration imposed tariffs illegally under emergency powers without congressional approval. Although the company won a preliminary victory in the lower court, the order was temporarily stayed because the appellate court is considering a similar ruling to more broadly block the tariffs imposed by the Trump administration. The appellate court allowed the Trump administration to continue collecting tariffs under the emergency powers act before the scheduled debate at the end of July.

On June 18, Jin10 reported that French President Macron opposed the violent overthrow of the Iranian regime on Tuesday, warning that it could destabilize the entire Middle East. On the last day of the G7 summit in Canada, Macron told reporters: "The biggest mistake today is trying to change the Iranian regime by military means, as this would lead to chaos." He warned, "No one can say what will happen next. We never support actions that undermine regional stability." Macron mentioned that the forced regime changes in Iraq and Libya by the U.S. and NATO allies were mistakes made in the past that should not be repeated, as they led to subsequent deadly political instability.

On June 18, Jin10 reported that, according to the New York Times, informed U.S. officials stated that Iran is ready with missiles and other military equipment, and if the U.S. joins Israel in the war against Iran, Iran will launch attacks on U.S. bases in the Middle East. The report indicates that the U.S. has sent approximately 36 tankers to Europe, which can be used to assist in protecting U.S. fighter jets or to extend the range of bombers that may target Iran's nuclear facilities. As Israel pressures the White House to intervene in the conflict with Iran, U.S. officials are increasingly concerned about the outbreak of a wider war. Officials stated that if the U.S. joins Israel's actions and attacks Iran's key nuclear facility at Fordow, the Iran-backed Houthi forces will almost certainly resume attacks on vessels in the Red Sea. They added that pro-Iran militias in Iraq and Syria may attempt to attack U.S. bases there. Other officials indicated that once.

On June 18, Matthew Ryan, head of market strategy at financial services firm Ebury, said that the Fed's two rate cuts in 2025 will still be the base case for most policymakers, and given the severe uncertainty over tariffs, they may not be confident enough to materially change their views. However, there is a risk that a small number of officials believe that this year's rate cuts will be lower than previously expected, which may be enough to turn the tide and favor a rate cut of only 25 basis points in 2025. The hawkish dot plot and Powell's comments highlighting the lack of urgency to lower interest rates could provide some room for USD strength in the second half of the week.

On June 18, the dollar index, which measures the greenback against six major currencies, rose 0.84% on the day to close at 98.821 at the end of the foreign exchange market. At the end of trading in New York, the euro was worth $1.1479, down from $1.1580 in the previous session, and the pound was worth $1.3428, down from $1.3596 in the previous session. The U.S. dollar was worth 145.37 yen, up from 144.60 yen in the previous session, the U.S. dollar was worth 0.8170 Swiss francs, up from 0.8128 Swiss francs in the previous session, the U.S. dollar was worth 1.3645 Canadian dollars, up from 1.3560 Canadian dollars in the previous session, and the U.S. dollar was worth 9.5496 Swedish kronor, up from 9.4695 Swedish kronor in the previous session.