Trump suddenly "makes a shocking statement"! The US announces the temporary end of the Middle East war. Latest Technical Analysis of Bitcoin.

Gate news, on Thursday (June 26) during the Asian morning session, Bitcoin (BTC) rose above $107,700. U.S. President Trump again criticized Federal Reserve Chairman Powell, calling him "terrible" and hinted that he has 3 to 4 candidates for the next chairman. He stated that the U.S. and Iran will meet next week and announced that the Middle East war has temporarily ended.

Trump considers alternatives to Powell, The Federal Reserve (FED) "two conditions" could lead to early rate cuts

According to The Wall Street Journal (WSJ), U.S. President Donald Trump is considering naming and announcing a successor to Powell before September or October. Sources say Trump may consider former Federal Reserve Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Treasury Secretary Scott Bessen.

(Source: WSJ)

Kieran Williams, the head of Asian Forex at InTouch Capital Markets, stated: "This move will raise questions about the potential weakening of the independence of The Federal Reserve (FED) and may undermine its credibility."

He added, "If that's the case, it may recalibrate interest rate expectations and trigger a reassessment of dollar positions."

In an article jointly published by Wall Street Journal reporter and "The Federal Reserve (FED) mouthpiece" Nick Timiraos and his colleague Brian Schwartz, it was mentioned that the early announcement of the Federal Reserve Chair nominee could have adverse effects for both Trump and the nominee.

This could put the incoming chairman in an awkward position: if he publicly criticizes colleagues he will work with at the Federal Reserve (whose support is crucial for his Senate confirmation), the market may view him as a mere sycophant catering to the President; whereas if he chooses to defend the Federal Reserve's policies, he could anger Trump and lose the position before officially taking office.

Powell attended a House committee to testify on the semiannual monetary policy. When asked about the Federal Reserve officials' openness to a rate cut in July, Powell reiterated that the Fed is not in a hurry to cut rates, but he mentioned that under "two conditions," the central bank could lower rates earlier.

Powell stated that there are many possible paths for future interest rates. If inflation pressures are not as strong as expected, the Federal Reserve (FED) will enter a rate-cutting phase sooner rather than later; if the labor market shows signs of weakness, he also suggests cutting rates early. However, if inflation and labor market performance are strong, rate cuts may be delayed.

He mentioned that the reason for not lowering interest rates at present is that both internal and external economic forecasts from The Federal Reserve (FED) indicate a significant rise in inflation this year, and stated that the FED is likely to see the impact of tariffs on inflation in the summer, specifically in the data from June and July, pointing out that the increase in tariffs is likely to raise prices and put pressure on economic activity.

Trump says the U.S. and Iran will hold talks next week, temporarily ending the Middle East war

According to Bloomberg, Trump stated that the United States will hold talks with Iran next week, but he expressed doubt about the necessity of reaching a diplomatic agreement after the U.S. bombed three of Iran's main nuclear facilities.

(Source: Bloomberg)

"We will negotiate with Iran next week, and we may sign an agreement. I don't know, for me, I think it's not necessary," Trump said at a press conference during the NATO summit in The Hague on Wednesday.

President Trump did not disclose at what level the talks would be held.

Trump reiterated that the bombing of the Natanz, Isfahan, and Fordow nuclear facilities by the United States "destroyed" these facilities and once again dismissed the assessment by U.S. intelligence agencies, which stated that these attacks would only delay Tehran's nuclear program by a few months. He also stated that these bombings actually meant that the conflict was "over."

"I have dealt with both of them, and they are both exhausted, worn out. They fought very, very fiercely, very intensely, very violently, but they both went home satisfied, leaving. Can all of this start again? I think someday it will. Maybe it will start soon," he said.

In recent months, the United States and Iran have held five rounds of talks seeking to resolve concerns over Iran's nuclear program through diplomatic means—essentially a replacement for the 2015 nuclear deal that Trump abandoned during his first term. Although a sixth round of talks had been scheduled before the Israeli attack on June 13, no agreement was ultimately reached.

Coin Circle Focus Events

· The U.S. mortgage regulatory agency will recognize crypto assets in risk assessments

According to CoinTelegraph, U.S. mortgage buyers Fannie Mae and Freddie Mac will consider cryptocurrency as an asset in the risk assessment of single-family home loans, marking an important step by the administration of President Donald Trump towards mainstream acceptance of digital assets.

The directive was issued on Wednesday by Federal Housing Finance Agency (FHFA) Director William Pulte, which is responsible for regulating government-sponsored enterprises (GSEs).

This decision means that cryptocurrencies will be considered reserve assets for mortgage borrowers, without the need to convert these assets into dollars as before. Since 2008, the Federal Housing Finance Agency has regulated Fannie Mae and Freddie Mac, when both institutions were placed under government conservatorship after the financial crisis.

· The German regulatory authority closes the case against Ethena GmbH's issuance of USDe

Ethena Labs announced on Wednesday that the Federal Financial Supervisory Authority (BaFin) of Germany and the company's German subsidiary, Ethena GmbH, have reached an agreement on the redemption plan for USDe stablecoin holders.

The regulatory agency stated that it has initiated a 42-day redemption process for stablecoin holders. The Federal Financial Supervisory Authority of Germany (BaFin) stated that USDe holders must submit their redemption requests directly to Ethena GmbH by August 6. This process will be supervised by a special representative appointed by BaFin.

After the deadline, Ethena GmbH will be considered officially liquidated within Germany, the European Union, and the European Economic Area (EEA). This means that any claims made after August 7 should be submitted through the company's offshore affiliate Ethena (BVI) Ltd.

Ethena Labs stated that after the full implementation of the redemption plan, Ethena GmbH will no longer have "any outstanding issues related to USDe business with Ethena GmbH." However, the company has not disclosed whether there are plans to re-enter the EU and European Economic Area markets.

Previously, Ethena had a four-month conflict with the German financial regulator BaFin. On March 21, BaFin prohibited Ethena GmbH from publicly issuing its USDe stablecoin, citing that it violated the EU MiCA regulation.

· Polymarket will raise $200 million at a valuation of $1 billion

According to reports by Reuters and Bloomberg citing informed sources, the blockchain prediction market platform Polymarket is about to complete a $200 million funding round, which will bring the company's valuation to approximately $1 billion.

Billionaire entrepreneur Peter Thiel's founding fund will lead the current round of financing for Polymarket, which will allow the company to achieve "unicorn" status despite being banned in the United States. Reportedly, the platform has previously raised over $100 million, including a $50 million investment of an undisclosed amount in early 2025.

During last year's U.S. elections, Polymarket experienced explosive growth, as bettors placed wagers on the results of the presidential and congressional elections, with its trading volume surpassing $2.5 billion in November.

Bitcoin Technical Analysis

CoinTelegraph pointed out that Bitcoin surged significantly from $100,000 on Monday and broke through the moving average, indicating strong buying at lower levels.

The 20-day Exponential Moving Average (EMA) of $105,154 has started to rise, and the Relative Strength Index (RSI) has jumped into positive territory, indicating that bulls have returned to the market.

It is expected that the bears will hold the area between the downtrend line and the historical high of $111,980. If the price falls back from the upper area but finds support at the 20-day moving average, it indicates that the bulls are buying on dips.

The bulls will then attempt to break through the upper area again. Conversely, a drop below the moving average indicates that BTC/USDT may consolidate between $111,980 and $98,200 for a period of time.

(Source: Trading View)