Next Week Outlook: Powell's "Debut" Looms as Fed and BOJ Set to Announce Rate Decisions
**Market Flash – June 13**
Next week, global markets will zero in on rate decisions from major central banks, led by the Federal Reserve. New Fed Chair Jerome Powell, who has kept a low profile since taking office, will hold a press conference following the Fed’s June rate call—this event is widely seen as the key test of his monetary policy stance. Traders are also eagerly awaiting clear signals from Powell about planned reforms to the Fed’s communication framework.
Below are the key upcoming events (all times Beijing Standard Time):
- Monday (June 15): ECB President Christine Lagarde delivers a speech at 15:15
- Tuesday (June 16): Bank of Japan announces its interest rate decision (time TBD); BOJ Deputy Governor Masayoshi Amamiya holds a monetary policy press conference at 14:30
- Tuesday (June 16): U.S. ADP Employment Change (for the week ending May 30) releases at 20:15
- Thursday (June 18): Federal Open Market Committee (FOMC) announces its interest rate decision and
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El Salvador Optimizes Immigration System, Temporary Residents to Enjoy 0% Tax Rate on Bitcoin Gains and Overseas Income
**El Salvador Overhauls Immigration and Tax Systems to Attract Global Wealth and Talent**
June 13 — El Salvador is refining its immigration and tax frameworks to draw high-net-worth individuals, families, and cross-border capital. A core update: Decree No. 531, effective March 31, 2026, slashes temporary residency requirements from 9 months per year to just 90 days annually (either consecutive or cumulative). The change targets frequent cross-border groups: entrepreneurs, investors, and remote workers.
For those with overseas income, El Salvador offers one of Latin America’s most favorable tax structures. It operates on a territorial tax model, where only income earned within El Salvador is taxable. A 2024 income tax reform clarified that both residents and non-residents qualify for full exemption from Salvadoran income tax on foreign-sourced revenue—no cap applies. This means freelancers, remote workers (including content creators, developers, and international entrepreneurs) pay
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Hyperliquid perpetual contract open interest reached 8.2% market share, hitting a new all-time high
On June 13th, data from Hypeflows shows Hyperliquid has captured an 8.2% market share in the global perpetual futures contract market (measured by open interest size), including all major centralized exchanges such as Binance, Bybit, and OKX. This marks a new all-time high for the platform since its launch.
HTX market data indicates HYPE is currently trading at $58.37, down 1.62% over the past 24 hours.
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The United States Capital Competes for Venezuelan Oil Field, Aiming to Create Nasdaq's First NOC
On June 13, the Financial Times reported that a U.S. investment group is capitalizing on the window of opportunity opened by former President Trump’s earlier bid to oust Maduro to compete for control of Venezuela’s underutilized oil fields. Miami-based hedge fund Lionheart Capital has taken the lead, signing a letter of intent to merge its publicly traded shell company, Lionheart Holdings, with Keo Energy— which holds oil field assets in Venezuela.
Sources familiar with the matter said the merger would create the first Venezuela-focused oil company listed on the Nasdaq, offering a direct investment channel for U.S. and institutional investors. The report notes that Lionheart plans to take the combined oil firm public at a valuation of roughly $1 billion. Lionheart Holdings raised $230 million in capital back in 2024.
Sources added that negotiations remain in early stages and have not been finalized, so the deal could still fall through. Lionheart Holdings plans to hold a shareholder
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