Cryptocurrency News & Live Updates
Synopsis
As of June 18, 2025, BNB has dipped below 640 USDT, currently trading at 639.53 USDT, reflecting a 2.23% decrease over the last 24 hours.
In the latest market developments, BNB has experienced a notable decline, trading below 640 USDT, which highlights ongoing volatility in the cryptocurrency space. Meanwhile, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has gained traction, now accepted as collateral on major platforms like Crypto.com and Deribit, showcasing the growing interest in tokenized assets. This fund, valued at $2.9 billion, is part of a rapidly expanding tokenized Treasury market, which has surged nearly 400% in the past year. In a different realm, Justin Sun’s recent reverse merger with SRM Entertainment has stirred intrigue, particularly due to its political connections and the involvement of the Trump family, raising questions about the intersection of crypto and politics. Lastly, Ethereum is holding steady at the $2,500 mark, with traders eyeing a potential ‘golden cross’ signal amidst geopolitical tensions. The U.S. Federal Reserve’s recent decision to maintain interest rates has also contributed to the current market dynamics, influencing Bitcoin’s price stability. These developments collectively illustrate the intricate and evolving landscape of cryptocurrency trading.
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BNB Falls Below 640 USDT Amid Market Decline
As of June 18, 2025, BNB has dipped below 640 USDT, currently trading at 639.53 USDT, reflecting a 2.23% decrease over the last 24 hours.
BlackRock’s $2.9B Fund Accepted as Collateral on Crypto Platforms
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accepted as collateral on Crypto.com and Deribit, allowing institutional traders to leverage their positions while earning yield on the underlying assets.
Justin Sun and Trump: A Billion-Dollar Crypto Alliance
Tron’s reverse merger with SRM Entertainment, valued at $210 million, highlights Justin Sun’s strategy and the influence of Donald Trump’s network on market perception.
Ethereum Holds Steady at $2.5K Amid Market Volatility
Ethereum remains resilient at the $2,500 support level, showing a consolidation pattern as traders anticipate a potential ‘golden cross’ on the charts.
Fed Maintains Rates, Predicts Slower Growth and Inflation
Bitcoin’s price remains stable as the U.S. Federal Reserve holds interest rates steady at 4.25%-4.50%, revising growth and inflation forecasts downward.
Fed Officials Split on 2025 Rate Cuts
The Federal Reserve’s dot plot shows a divide among officials on interest rate cuts for 2025, with seven opposing cuts, while others propose reductions ranging from 25 to 75 basis points.