There are several important developments that will affect the cryptocurrency market today, June 18, 2025:

Macroeconomic Developments
* US FOMC Meeting and Powell Speech: The US Federal Reserve (Fed) Federal Open Market Committee (FOMC) meeting is taking place today. The interest rate decisions to be taken at this meeting and the speech to be made by Fed Chairman Jerome Powell can directly affect all risky assets, and therefore the cryptocurrency market. A "hawkish" tone (pro-interest rate hike) can cause a decline in the market, while a "dovish" tone (pro-interest rate cut) can support the market.
* US Unemployment Claims: The weekly unemployment claims data from the US can also affect market sentiment. Signs of economic weakness may direct some investors to riskier assets such as crypto.
Cryptocurrency-Specific Developments
* SEC's ETF Decisions: The US Securities and Exchange Commission (SEC) has postponed its decision on Franklin's XRP and Solana spot ETFs. This delay could continue to create regulatory uncertainty, which could put pressure on the market.

* Crypto Asset Framework in the Philippines: The Philippines announced that it will implement a crypto asset reporting framework (CARF) by 2028 to combat cross-border tax evasion and illicit financial flows. While such regulatory steps could legitimize the market in the long term, they could also cause some volatility in the short term due to compliance processes.

* ZK Token Unlocked: Yesterday, June 17, $39 million worth of ZK tokens were unlocked. This could create selling pressure and cause a price drop.

Current Market Movement
Although there have been some declines in the last 24 hours, such as Bitcoin falling below $104,000 USDT, the overall crypto market has been on a recovery track over the past few days. It is noteworthy that Bitcoin has once again surpassed the $106,000 level, while other major altcoins such as Ethereum and Solana have also increased.
In general, the FOMC meeting and Powell's statements stand out as the developments that need the most attention in the market today.

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