U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

**June 19** – The planned merger between cryptocurrency asset management firm ReserveOne and Special Purpose Acquisition Company (SPAC) M3-Brigade Acquisition V Corp. (MBAV) has fallen through, according to a Bloomberg report. Investors noted that since the merger was announced nearly a year ago, Bitcoin’s price has dropped significantly. Taking ReserveOne public at this time would likely result in its stock trading below net asset value (NAV), and when factoring in transaction fees owed to bankers and sponsors, the deal is no longer economically viable.

According to monitoring by Onchain Lens, a newly created wallet address withdrew 533 BTC from Binance on June 19, worth approximately $33.4 million. The funds could be linked to the Bhutanese government, as the withdrawal amount matches a deposit made to Binance from an associated address two days earlier. That said, this ownership connection hasn’t been officially confirmed and requires further verification.

June 19: During a June 18 interview with U.S. news outlet Axios, President Donald Trump stated that he negotiated a memorandum of understanding (MoU) between the U.S. and Iran to avoid the conflict from escalating into a global economic recession. Trump also claimed the U.S. had "totally defeated Iran militarily"—a move he said demonstrated America’s military capabilities. "Who else could pull off a blockade like that? I had all our boats fully manned, and they couldn’t get through," he told Axios. The president expressed frustration with domestic critics who question his tough stance on Iran. He warned that continued bombing of Iranian targets would render the Strait of Hormuz unnavigable, adding, "We won’t get oil for a long time. As long as you keep doing that, the Strait will automatically be closed to anyone coming in or out... The world thinks they’ll get oil as if nothing will happen." Citing sources familiar with his internal thinking, Axios reported that Trump had privately ra

On June 19, monitoring from OnchainLens shows that the whale address ‘pension-usdt.eth’ has closed all its Ethereum (ETH) short positions, locking in an approximate profit of roughly $5.8 million from this transaction. The address has accumulated a total historical profit exceeding $41.68 million, cementing its status as one of the most prominent on-chain traders.

June 19 (Reuters) – The yen remains locked near a nearly 40-year low against the U.S. dollar, even after the Bank of Japan (BOJ) raised interest rates to a 31-year high last week and Japan’s Ministry of Finance (MOF) intervened multiple times in currency markets so far this year. On Friday, the dollar traded at ￥161.12, not far from the two-year peak hit earlier in the day. Newly appointed Federal Reserve Chair Kevin Warsh’s persistent hawkish policy tone is keeping the dollar elevated, while Japan’s core inflation has stayed below the BOJ’s 2% target for four straight months—weakening bets on further rate hikes from the Japanese central bank. At the same time, Japanese Prime Minister Taro Aso’s fiscal spending plan has stirred market concerns about the country’s fiscal outlook. DBS Bank noted that following the BOJ’s rate hike this week, short yen positions in the market haven’t been meaningfully unwound, and Japan’s tolerance for additional yen depreciation is almost at its breakin

Per market data released on June 19, Nasdaq futures declined 1% while S&P 500 futures fell 0.6%.