Wu Says Daily Selected Crypto News + This Week's Macroeconomic Indicators
Powered by ChatGPT1. Large Token Unlocks This Week
In the next 7 days, there will be single large token unlocks (unlock amount greater than 5 million USD) including FTN, ZK, ARB, S, ID, APE, MELANIA, LISTA, ZKJ, etc. Additionally, linear large unlocks over the next 7 days (daily unlock amount greater than 1 million USD) include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, ETHFI, JTO, and others. The total unlock value exceeds 443 million USD. Sonic indicates that these tokens represent newly minted tokens rather than unlocking of existing tokens.
2. Financial Times: TRON May Go Public in the U.S.
After U.S. regulatory agencies paused investigations into the TRON project, TRON plans to go public through a reverse merger with Nasdaq-listed company SRM Entertainment. This deal is arranged by New York investment bank Dominari Securities, which has close ties to the Trump family. The merged entity will acquire and hold $TRX in a manner similar to Strategy. Meanwhile, SRM announced it secured 100 million USD in equity investment to implement TRON staking and dividend strategies and plans to rename itself Tron Inc. TRON founder Justin Sun will serve as an advisor.
3. Strategy Announces Purchase of Approximately 1.05 Billion USD Worth of 10,100 Bitcoins
Strategy announced the acquisition of 10,100 bitcoins for approximately 1.05 billion USD, at an average price of about 104,080 USD per bitcoin. Year-to-date $BTC return stands at 19.1%. As of June 15, 2025, Strategy holds a total of 592,100 bitcoins, with a cumulative purchase cost of about 41.84 billion USD and an average price of approximately 70,666 USD per bitcoin.
4. Trump’s Truth Social Files Application with U.S. SEC for Bitcoin and Ethereum Spot ETF
According to Bloomberg analyst James Seyffart, Trump’s social platform Truth Social filed an application with the U.S. SEC on June 16, 2025, proposing to launch a Bitcoin and Ethereum dual-coin spot ETF named "Truth Social Bitcoin & Ethereum ETF, B.T." The fund is initiated by Yorkville America Digital, LLC, registered in Nevada. If approved, it will become the first dual-coin crypto ETF associated with Trump.
5. Vietnam Legislation Recognizes Crypto Assets; Digital Technology Industry Law Effective in 2026
On June 14, 2025, the Vietnamese National Assembly passed the Digital Technology Industry Law, the first to incorporate crypto assets into the national legal framework with clear classification and regulation. The new law categorizes digital assets as "virtual assets" and "crypto assets," excluding securities, digital fiat currencies, and other financial instruments. It empowers the government to formulate detailed regulations while emphasizing cybersecurity, anti-money laundering, and counter-terrorism financing requirements. The law will take effect on January 1, 2026, aiming to improve the legal system, align with international standards, and strive to exit the FATF gray list early.
6. Hong Kong Financial Secretary: Exploring Stablecoins Provides Experience and Reference for National Financial Development
Hong Kong Financial Secretary Paul Chan noted in his latest essay "Accelerate Forward, Steady Sailing" dated June 15 that digital asset development has also promoted business related to financial institutions. For example, local banks’ digital asset and related product transaction volume reached 17.20 billion HKD last year; total digital assets under bank custody reached 5.10 billion HKD by year-end. In response to recent developments and changing circumstances, a second policy declaration on digital asset development will soon be released, outlining the next policy vision and direction. Specific measures include better integration of traditional financial service advantages with digital asset technology innovation, enhancing security and flexibility of digital assets in real economy activities, and encouraging local and international companies to explore innovation and application of digital asset technology. Hong Kong is cautiously advancing stablecoin development, providing a new paradigm for the global stablecoin market and reflecting its firewall and testing ground role under the One Country, Two Systems principle, offering experience and reference for national financial development.
7. Weekly Macro Indicators and Analysis by Wu Shuo: Federal Reserve Rate Decision, Bank of Japan Rate Decision
Summary
Last week, the U.S. May CPI year-over-year was 2.4%, below expectations; this week is a super central bank week, with rate decisions from multiple central banks including the U.S., Japan, and the U.K. Currently, futures markets price a 99% probability of the Federal Reserve holding rates steady this time. Attention can be given to updated economic forecasts and the dot plot this quarter for signals regarding future rate cut paths.
Last Week Review
The U.S. May unadjusted CPI year-over-year was 2.4%, expected 2.50%, previous 2.30%.
U.S. May PPI year-on-year 2.6%, expected 2.6%, previous value revised from 2.40% to 2.5%.
U.S. initial jobless claims for the week ending June 7: 248 thousand, expected 240 thousand, previous value revised from 247 thousand to 248 thousand.
China May CPI year-on-year -0.1%, expected -0.20%, previous value -0.10%.
China May M2 money supply year-on-year 7.9%, expected 8.1%, previous value 8%.
According to the U.S. Quarterly Financial Accounts report released by the Federal Reserve, U.S. household assets saw their first decline since 2023 in the first quarter of this year.
Key Events & Indicators This Week
June 17
Bank of Japan announces interest rate decision
June 18
U.S. initial jobless claims for the week ending June 14 (20:30)
Bank of Canada releases monetary policy meeting minutes (01:30)
June 19
Federal Reserve FOMC interest rate decision and economic projections release (02:00)
Federal Reserve Chair Powell holds monetary policy press conference (02:30)
Swiss National Bank announces interest rate decision (15:30)
Bank of England announces interest rate decision (19:00)
June 20
Bank of Japan Governor Ueda Kazuo speaks at the Trust Association annual meeting (14:40)