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On June 17, while investors have no doubt about the Federal Reserve's decision to maintain the federal funds rate target range at 3.50%–3.75%, analysts at Crédit Agricole pointed out in a report that this monetary policy meeting is still one of the most important of the year. 'This will be Kevin Warsh's first meeting as FOMC Chair since taking office, and he will face a daunting task,' said the global market strategist. He noted that the new Fed Chair not only needs to assess the economic situation but may also push for changes, particularly in the central bank's communication strategy. 'His first actions and initial statements will be closely watched, as transitions at the world's most influential monetary institution typically put pressure on capital markets.' (Jinshi)

[Institution: Fed's Meeting This Month Viewed as One of the Most Important of the Year]On June 17, while investors have no doubt about the Federal Reserve's decision to maintain the federal funds rate target range at 3.50%–3.75%, analysts at Crédit Agricole pointed out in a report that this monetary policy meeting is still one of the most important of the year. 'This will be Kevin Warsh's first meeting as FOMC Chair since taking office, and he will face a daunting task,' said the global market strategist. He noted that the new Fed Chair not only needs to assess the economic situation but may also push for changes, particularly in the central bank's communication strategy. 'His first actions and initial statements will be closely watched, as transitions at the world's most influential monetary institution typically put pressure on capital markets.' (Jinshi)

Institution: Fed's Meeting This Month Viewed as One of the Most Important of the Year

On June 17, the Federal Reserve will announce its latest interest rate decision at 2:00 AM Beijing time on Thursday. Half an hour later, newly appointed Chairman Kevin Warsh will hold his first press conference since taking office, with the market fully pricing in a decision to maintain the benchmark interest rate. The market's focus is not merely on interest rate adjustments, but rather on three core themes: the variability of the dot plot and the interest rate path for the year, the controversy over the independence of Federal Reserve policy, and the comprehensive reform of the central bank's communication system advocated by Warsh. Analysts' opinions are significantly divided. The market expects the upcoming quarterly Summary of Economic Projections (SEP) dot plot to show a clear hawkish shift, contrasting sharply with the March meeting three months ago. In March, the vast majority of Federal Reserve officials anticipated rate cuts within the year. However, most policymakers now expect to maintain rates throughout the year, with a minority possibly indicating rate hikes in the dot plot to guard against persistent inflation. The ongoing changes in employment and inflation data have completely shifted the committee's discussion direction; previously, the focus was on when to cut rates, but now the topic has turned to whether there is a need to resume rate hikes. This dot plot will also update economic expectations. Michael Feroli, Chief U.S. Economist at JPMorgan, predicts that Federal Reserve officials will lower their year-end unemployment rate forecast to 4.3%, aligning with the actual unemployment rate over the past three months; at the same time, they will raise core PCE inflation expectations to 2.9%, with some economists even predicting this figure could exceed 3%, providing fundamental support for hawkish expectations. Before taking office, Warsh criticized the current communication framework multiple times during congressional hearings and speeches at the IMF, arguing that the Federal Reserve discloses its policy roadmap excessively, and frequent public statements by officials can bind the central bank to its own rhetoric, losing flexibility to adjust in response to changing economic conditions, leading policymakers to become 'prisoners of their own statements.' Previously, Bernanke suggested that monetary policy relies 98% on communication and 2% on operations, while Warsh aims to completely rewrite this model, with the core idea being to significantly reduce market forward guidance and limit the scale of public information disclosure. Yale University professor and former FOMC secretary William English warns that a significant contraction of the communication mechanism poses substantial risks, as a rapid decline in transparency could exacerbate financial market volatility, making policy adjustments easily exceed market expectations.

[Preview of Warsh's Debut: Dot Plot May Signal Hawkish Shift, Weaker Guidance Could Increase Market Volatility]On June 17, the Federal Reserve will announce its latest interest rate decision at 2:00 AM Beijing time on Thursday. Half an hour later, newly appointed Chairman Kevin Warsh will hold his first press conference since taking office, with the market fully pricing in a decision to maintain the benchmark interest rate. The market's focus is not merely on interest rate adjustments, but rather on three core themes: the variability of the dot plot and the interest rate path for the year, the controversy over the independence of Federal Reserve policy, and the comprehensive reform of the central bank's communication system advocated by Warsh. Analysts' opinions are significantly divided. The market expects the upcoming quarterly Summary of Economic Projections (SEP) dot plot to show a clear hawkish shift, contrasting sharply with the March meeting three months ago. In March, the vast majority of Federal Reserve officials anticipated rate cuts within the year. However, most policymakers now expect to maintain rates throughout the year, with a minority possibly indicating rate hikes in the dot plot to guard against persistent inflation. The ongoing changes in employment and inflation data have completely shifted the committee's discussion direction; previously, the focus was on when to cut rates, but now the topic has turned to whether there is a need to resume rate hikes. This dot plot will also update economic expectations. Michael Feroli, Chief U.S. Economist at JPMorgan, predicts that Federal Reserve officials will lower their year-end unemployment rate forecast to 4.3%, aligning with the actual unemployment rate over the past three months; at the same time, they will raise core PCE inflation expectations to 2.9%, with some economists even predicting this figure could exceed 3%, providing fundamental support for hawkish expectations. Before taking office, Warsh criticized the current communication framework multiple times during congressional hearings and speeches at the IMF, arguing that the Federal Reserve discloses its policy roadmap excessively, and frequent public statements by officials can bind the central bank to its own rhetoric, losing flexibility to adjust in response to changing economic conditions, leading policymakers to become 'prisoners of their own statements.' Previously, Bernanke suggested that monetary policy relies 98% on communication and 2% on operations, while Warsh aims to completely rewrite this model, with the core idea being to significantly reduce market forward guidance and limit the scale of public information disclosure. Yale University professor and former FOMC secretary William English warns that a significant contraction of the communication mechanism poses substantial risks, as a rapid decline in transparency could exacerbate financial market volatility, making policy adjustments easily exceed market expectations.

Preview of Warsh's Debut: Dot Plot May Signal Hawkish Shift, Weaker Guidance Could Increase Market Volatility

On June 17, Lebanese media reported that southern Lebanon was subjected to multiple attacks by Israel. (Xinhua News Agency)

[Multiple Attacks on Southern Lebanon by Israel]On June 17, Lebanese media reported that southern Lebanon was subjected to multiple attacks by Israel. (Xinhua News Agency)

Multiple Attacks on Southern Lebanon by Israel

On June 17, market data showed that U.S. stock market futures increased, with S&P 500 futures rising by 0.3% and Nasdaq futures climbing by 0.6%.

[S&P 500 Futures Rise 0.3%, Nasdaq Futures Up 0.6%]On June 17, market data showed that U.S. stock market futures increased, with S&P 500 futures rising by 0.3% and Nasdaq futures climbing by 0.6%.

S&P 500 Futures Rise 0.3%, Nasdaq Futures Up 0.6%

On June 17, renowned investor Duan Yongping posted on Xueqiu, stating that after recently reviewing the history of SpaceX, he gained a better understanding of the high valuation given by the market and believes that the company may not necessarily fall into the category of 'bubble.' He pointed out that if SpaceX can achieve an annual profit of over $150 billion in the future, a corresponding valuation of about $3 trillion is not unreasonable, and he believes that this level of profitability 'seems possible' over a 5-10 year horizon. However, he also emphasized that the core of this judgment still depends on whether SpaceX can truly achieve this scale of profitability in a stable manner over the long term. After reviewing the company's development history, he expressed 'great admiration' for its technological and business model capabilities and maintains an open attitude towards its long-term growth potential.

[Duan Yongping Comments on SpaceX: A $3 Trillion Valuation Is Not Absurd If It Earns $150 Billion Annually]On June 17, renowned investor Duan Yongping posted on Xueqiu, stating that after recently reviewing the history of SpaceX, he gained a better understanding of the high valuation given by the market and believes that the company may not necessarily fall into the category of 'bubble.' He pointed out that if SpaceX can achieve an annual profit of over $150 billion in the future, a corresponding valuation of about $3 trillion is not unreasonable, and he believes that this level of profitability 'seems possible' over a 5-10 year horizon. However, he also emphasized that the core of this judgment still depends on whether SpaceX can truly achieve this scale of profitability in a stable manner over the long term. After reviewing the company's development history, he expressed 'great admiration' for its technological and business model capabilities and maintains an open attitude towards its long-term growth potential.

Duan Yongping Comments on SpaceX: A $3 Trillion Valuation Is Not Absurd If It Earns $150 Billion Annually

Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $65899.84.

[Bitcoin Fear and Greed Index is 22]Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $65899.84.

Bitcoin Fear and Greed Index is 22

On June 17, Placeholder partner Chris Burniske tweeted that holding cash at this stage has a very high opportunity cost. He mentioned that he has been gradually building positions recently and pointed out that multiple factors will converge around October, making this timeframe 'not to be overlooked.' Burniske did not specify any particular investment targets.

[Placeholder Partners: Gradually Building Positions, October is a Key Timeframe]On June 17, Placeholder partner Chris Burniske tweeted that holding cash at this stage has a very high opportunity cost. He mentioned that he has been gradually building positions recently and pointed out that multiple factors will converge around October, making this timeframe 'not to be overlooked.' Burniske did not specify any particular investment targets.

Placeholder Partners: Gradually Building Positions, October is a Key Timeframe

According to monitoring by Dongcha Beating, the US Department of Justice has submitted a motion to the federal court in Mississippi, seeking to intervene and dismiss the environmental lawsuit against the xAI data center filed by the civil rights organization NAACP. For the first time, the Department of Justice and the Department of Defense confirmed in their testimony that the US military has deployed a customized version of the Grok Gov large model within a classified military network, which is being used to plan actual military strike missions against Iran. The federal government believes that the computing power provided by the data center is equivalent to a modern military manufacturing facility, and cutting off its power supply would jeopardize national and military defense security. The lawsuit stems from xAI's illegal operation of multiple portable natural gas turbines for off-grid power generation at the Colossus 2 data center, which has caused severe pollution in the surrounding Black communities. To protect the power supply necessary for the normal operation of Grok, the Department of Justice not only supports xAI's claim that the mobile gas turbines are temporary facilities exempt from permit requirements but also introduces a new legal defense logic, stating that if the executive branch opposes the lawsuit, private entities or citizens have no right to invoke the citizen suit provision of the Clean Air Act for environmental protection. Environmental and civil rights lawyers point out that the Department of Justice's logic represents an overreach of the executive branch, aiming to use national security as a pretext to strip communities of their legal tools to combat corporate pollution. The military's deep reliance on commercial AI is a fundamental reason for the Department of Justice's strong intervention. The Pentagon signed a government contract worth up to $200 million for the Grok procurement with xAI in 2025. Cameron Stanley, the Department of Defense's Chief Digital and Artificial Intelligence Officer, confirmed that the customized Grok Gov has been deployed within a classified network as part of the Maven intelligent system. During the US-Iran conflict in February 2026, the Maven system dropped over 2,000 munitions on 2,000 targets within 96 hours. The military's tactical reliance is prompting the Department of Justice to invoke national security provisions to grant exemptions for xAI's supply chain violations.

[Large Models Become Weapons of War: US Military Classifies xAI Data Center as 'Arms Factory' to Thwart Environmental Lawsuit]According to monitoring by Dongcha Beating, the US Department of Justice has submitted a motion to the federal court in Mississippi, seeking to intervene and dismiss the environmental lawsuit against the xAI data center filed by the civil rights organization NAACP. For the first time, the Department of Justice and the Department of Defense confirmed in their testimony that the US military has deployed a customized version of the Grok Gov large model within a classified military network, which is being used to plan actual military strike missions against Iran. The federal government believes that the computing power provided by the data center is equivalent to a modern military manufacturing facility, and cutting off its power supply would jeopardize national and military defense security. The lawsuit stems from xAI's illegal operation of multiple portable natural gas turbines for off-grid power generation at the Colossus 2 data center, which has caused severe pollution in the surrounding Black communities. To protect the power supply necessary for the normal operation of Grok, the Department of Justice not only supports xAI's claim that the mobile gas turbines are temporary facilities exempt from permit requirements but also introduces a new legal defense logic, stating that if the executive branch opposes the lawsuit, private entities or citizens have no right to invoke the citizen suit provision of the Clean Air Act for environmental protection. Environmental and civil rights lawyers point out that the Department of Justice's logic represents an overreach of the executive branch, aiming to use national security as a pretext to strip communities of their legal tools to combat corporate pollution. The military's deep reliance on commercial AI is a fundamental reason for the Department of Justice's strong intervention. The Pentagon signed a government contract worth up to $200 million for the Grok procurement with xAI in 2025. Cameron Stanley, the Department of Defense's Chief Digital and Artificial Intelligence Officer, confirmed that the customized Grok Gov has been deployed within a classified network as part of the Maven intelligent system. During the US-Iran conflict in February 2026, the Maven system dropped over 2,000 munitions on 2,000 targets within 96 hours. The military's tactical reliance is prompting the Department of Justice to invoke national security provisions to grant exemptions for xAI's supply chain violations.

Large Models Become Weapons of War: US Military Classifies xAI Data Center as 'Arms Factory' to Thwart Environmental Lawsuit

On June 17, Bloomberg reported that a GameStop investor is filing a lawsuit to try to stop the shareholder vote on CEO Ryan Cohen's compensation plan, which could be as high as $35 billion, until the company provides shareholders with adequate and complete disclosures.

[GameStop Investor Sues to Halt Vote on CEO's $35 Billion Compensation Plan]On June 17, Bloomberg reported that a GameStop investor is filing a lawsuit to try to stop the shareholder vote on CEO Ryan Cohen's compensation plan, which could be as high as $35 billion, until the company provides shareholders with adequate and complete disclosures.

GameStop Investor Sues to Halt Vote on CEO's $35 Billion Compensation Plan

On June 16, Bank of America's June global fund manager survey revealed that most investors anticipate a divided Congress in the upcoming U.S. midterm elections, with the Democrats controlling the House of Representatives and the Republicans controlling the Senate. The survey indicated that 42% of respondents expect this outcome. Currently, the Republicans hold a majority in both the House and the Senate. The survey also found that expectations for a 'blue wave'—where the Democrats would control both the House and the Senate—have decreased from 36% two months ago to 22%.

[Bank of America Survey: Midterm Elections Expected to Result in Divided Congress]On June 16, Bank of America's June global fund manager survey revealed that most investors anticipate a divided Congress in the upcoming U.S. midterm elections, with the Democrats controlling the House of Representatives and the Republicans controlling the Senate. The survey indicated that 42% of respondents expect this outcome. Currently, the Republicans hold a majority in both the House and the Senate. The survey also found that expectations for a 'blue wave'—where the Democrats would control both the House and the Senate—have decreased from 36% two months ago to 22%.

Bank of America Survey: Midterm Elections Expected to Result in Divided Congress

The Most Powerful Fable 5 Transcends Mythical Moments, but AI Has Learned to Fight Itself

SpaceX's Core Window for Listed Trading: July 7th Nasdaq Inclusion Date and Post-Q2 Earnings Lockup Expiration

Maelstrom’s Bitcoin Grants Hit 20 Months — 5 Developers, 4 Active, Here’s What They’ve Accomplished

TON Revives the Gram Brand, a Name That Disappeared Six Years Ago Returns

Cardano Founder Hoskinson Accused Of Selling 1.5 Billion ADA In 2021 Rally

The Largest IPO in History Ignites Heated Debate: Is SpaceX Worth $1.77 Trillion?

Top Crypto Coins With Real Use Cases To Watch in June 2026: NEAR, HYPE, Humanity Protocol, and BlockDAG Compared

Sequoia Dialogue with Jensen Huang: Computing Model Undergoes a 60-Year Transformation; You Won't Be Replaced by AI, But You Will Be Dimensionality-Reduced by 'Those Who Master AI'

The Recursive AI Anthropic Warned About: Tian Yuandong's New Company Has Just Taken the "First Step"

"Agents' Last Exam", Claude Fable 5 Actually Loses to GPT 5.5

Article

DeepSeek Completes Over $7.4 Billion in First Round Financing, Valuation Exceeds $50 Billion with Founder Retaining Absolute Control

Bank of America Survey: Midterm Elections Expected to Result in Divided Congress

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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