JPMorgan Chase: The June FOMC Meeting Was a "Non-Event"

On June 7th, based on CoinGecko data, in the previous 24 hours, the trading volume on Upbit reached 1.347 billion US dollars. The MASK/KRW trading pair accounted for 17.04% of the volume, leading the Korean won market. The remaining top five in terms of volume are: BTC, XRP, ETH, ANIME.

On July 6th, based on the monitoring of OnChain Lens, a whale user has redeemed 25,008 SOL with a value of $3.7 million and transferred 25,000 SOL to Binance. In general, after four years of staking, in the past two months, this whale has redeemed a total of 125,045 SOL, which is worth $17.64 million. The whale still holds 1,176,375 SOL, with a value of $174.17 million.

On June 7th, based on official data from the People's Bank of China, it was reported that China's gold reserves at the end of May reached 73.83 million ounces (approximately 2296.37 tons), with an increase of 60,000 ounces (about 1.86 tons) from the previous month. This marks the 7th consecutive month of gold accumulation. (Jin10)

On June 7th, the Stacks-based DeFi protocol ALEX announced that it had been attacked. This was due to a flaw in the smart contract validation logic during the listing process, enabling the attacker to drain funds from multiple asset pools. As a result, there was a total loss of approximately $8.37 million. The specific breakdown of the losses is as follows: - A loss of 8.4 million STX (approximately $5.69 million). - A loss of 21.85 sBTC (approximately $2.24 million). - A loss of 149,850 USDC/USDT (approximately $14,980). - A loss of 2.80 WBTC/BTC (approximately $28,740). The ALEX Lab Foundation will use the treasury to fully compensate the losses of each affected user. The compensation will be paid in USDC. The compensation calculation will be based on the average on-chain exchange rate between 18:00 and 22:00 on June 6, 2025. Affected wallet addresses will receive private notifications by 7:59 on June 9, 2025, including a claims form. The claims form must be submitted by 7:59 UTC on

On June 7th, the monthly trading volume of Hyperliquid's perpetual contract reached a new record. In May, the total volume exceeded $2.48 trillion, representing a 51.5% increase compared to the previous month. In contrast, the perpetual contract volume of Hyperliquid in May 2024 was only $263 billion, achieving a year-on-year increase of 843%. Furthermore, the ratio of Hyperliquid's monthly contract trading volume to Binance, a centralized exchange, reached a historical high of 10.54%, surpassing the previous high of 9.76% in April.

On June 7th, based on information from two insiders, Pump.fun is aiming to raise $1 billion through its initial token offering and is contemplating sharing a portion of the protocol's revenue with potential token holders. It remains unclear at present how much of the protocol revenue sharing aspect will allocate income to token holders, and it is also uncertain whether this will encompass revenue generated by the decentralized exchange platform PumpSwap launched earlier this year. Pump.fun did not respond to multiple requests for comments. Sources disclosed: "Some details might be subject to adjustment, but the fundamental idea is to link token buyback to a certain proportion of platform revenue and plan to unlock tokens for participants in private and public sales during the Token Generation Event (TGE)." Sources also revealed that the PUMP token, which is targeted at both public and private investors, is expected to be fully unlocked at TGE. Although there may be additional issuances