Yorkville America withdraws its Bitcoin related ETF application

According to the Associated Press, the US Senate pushed forward a bill on Tuesday calling for Trump to withdraw troops from Iran. Democrats have repeatedly pushed for war power resolutions, demanding that Trump obtain congressional approval to continue the war or withdraw troops. Louisiana Senator Bill Cassidy defected and cast a crucial vote, allowing the bill to proceed.

On Wednesday (UTC+8) at 04:59, the offshore Chinese yuan was trading at 6.8169 yuan against the US dollar, down 176 points from the end of Monday's trading in New York. The intraday trading range was 6.7961-6.82 yuan.

According to CME's "Federal Reserve Watch" data, the probability of the Federal Reserve keeping interest rates unchanged in June is 99%, and the probability of cutting interest rates by 25 basis points is 1%. The probability of keeping interest rates unchanged in July is 84.4%, the probability of cutting interest rates by 25 basis points is 0.8%, and the probability of raising interest rates by 25 basis points is 14.8%.

Data shows that the trading volume of tokenized stocks reached a record high of $3.57 billion on Monday. The main trading is concentrated on Binance and Hyperliquid platforms, while Kraken's xStocks and Ondo platforms have also driven cumulative trading volumes to the billions of dollars level.

According to Jin10 Data on May 20th, European Central Bank Managing Director Kocher stated that if the Strait of Hormuz continues to close, a rate hike in June will be inevitable, and warned that the conflict could significantly push up inflation in the eurozone. He said that if the 2% inflation target cannot be achieved, the European Central Bank must raise interest rates. Kocher also mentioned that the Austrian economy performed steadily in the first quarter, and if the conflict does not persist, it is still possible for a full year growth of 0.5%. He emphasized that there are still three weeks left until the June 11th meeting, and the situation may change.