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The Federal Reserve "Hawkish Turn" Leads to Stock Market Plunge, Is It Still a Good Time to Invest in US Stocks?

2 hours ago

June 18, the Federal Reserve’s latest dot plot delivered a hawkish signal, leading markets to recalibrate expectations for future interest rate cuts. In his first public remarks as Fed Chair, Jerome Powell emphasized the need to stay vigilant about inflation risks and confirmed that monetary policy will remain focused on achieving price stability. Consequently, the three major U.S. stock indexes pulled lower in late trading, with technology and growth sectors under pressure. Market analysts note this recent correction is primarily driven by investors repricing the future interest rate trajectory, rather than any meaningful deterioration in economic fundamentals. Against the backdrop of the Federal Reserve’s evolving policy framework, global markets may enter a new cycle of volatility. For investors, balancing exposure to U.S. equities with cross-market, multi-asset allocation to diversify risks is becoming an increasingly critical investment strategy. As a global one-stop multi-asset allocation platform, BiyaPay enables users to trade directly in U.S. stocks, Hong Kong-listed equities, and digital asset markets using USDT—offering investors a more flexible and convenient option for global asset allocation amid today’s volatile market conditions.
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Two bipartisan senators in the United States have jointly introduced a resolution opposing Trump's pardon of SBF.

On June 18, U.S. Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego expressed their backing for a non-binding resolution set to be introduced Wednesday that would block former FTX CEO Sam Bankman-Fried (SBF) from receiving a presidential pardon, commutation, or any form of executive clemency. The resolution explicitly states Bankman-Fried should never be granted executive clemency under any circumstances—including a full presidential pardon or reduction of his sentence. It further argues that if President Donald Trump approves SBF’s pardon request, it would “erase his criminal conviction, weaken deterrence, and send a dangerous signal that large-scale financial fraudsters can evade permanent accountability.” The resolution is non-binding, as the U.S. Constitution grants the president exclusive authority over pardon power. For context: SBF previously formally applied to Trump for a presidential pardon. Last week, a federal appeals court upheld his seven felony conv

22 minutes ago

U.S. Stock Futures: Semiconductor Stocks Up in Pre-market Trading, Intel Rises Over 8%

June 18, per Bitget data, pre-market trading for U.S. stocks saw broad gains in semiconductor shares. Intel (INTC) surged more than 8% after President Trump announced a collaboration between Apple and Intel. Western Digital (WDC) climbed nearly 5%, while ARM and Micron Technology (MU) each rose over 4%. AMD and ASML posted roughly 3% increases apiece. The optical communications sector also notched advances: Marvell Technology (MRVL) gained over 4% and Credo (CRDO) rose more than 3%.

22 minutes ago

Hong Kong Exchange and the Monetary Authority Launch Pilot Program to Provide Digital Payment Solution for Derivatives Post-Trade Session

June 18 – The Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) announced a joint pilot program today to test a new digital payment solution for after-hours derivatives trading. The initiative aims to streamline Hong Kong’s capital markets and meet growing demand for extended derivatives trading hours. The two organizations are exploring the introduction of the Digital Hong Kong Dollar – a wholesale central bank digital currency (CBDC) that operates 24/7 – to process collateral payments during post-trade hours. This will strengthen risk management capabilities for the derivatives market outside standard banking hours, while keeping existing operational processes fully intact. (Jinse)

22 minutes ago

HTX Genesis Hackathon Registration Team Exceeds 70 Teams

June 18 — Per an official announcement from HTX DAO shared on social media, the HTX Genesis Hackathon (organized by HTX DAO and B.AI, co-hosted by OpenCSG, TinTinLand, and OpenCity) has drawn more than 70 teams to sign up. The event aims to bring together truly innovative developers and teams, focusing on the integration of AI, Web3, and AI × Web3. Participants will explore new frontiers in next-gen intelligent finance, on-chain asset management, AI Agents, transaction infrastructure, DAO tools, and applications within the $HTX ecosystem. Total prize pool for the hackathon stands at 20,000 USDT, with over $100,000 in mining power support provided. The offline final round is scheduled to take place during the Shanghai WAIC (World Artificial Intelligence Conference) on July 17–18.

22 minutes ago

Intel Jumps 6.6% in Pre-market Trading as Trump Says Apple Will Partner with It on Chip Design and Production

On June 18, shares of Intel rose 6.6% in pre-market trading, per Bitget data. The move follows Trump’s statement that Apple will partner with the tech firm on chip design and manufacturing.

22 minutes ago

US Stocks Futures Rise Pre-market, Western Digital Up Over 5%

On June 18, per Bitget market data, storage sector stocks in the US pre-market session posted broad gains, as follows: Western Digital (WDC) rose 5.81%; Micron Technology (MU) advanced 4.88%; Seagate Technology (STX) gained 4.27%; SanDisk (SNDK) climbed 4.23%.

22 minutes ago