Wall Street Urges U.S. Regulatory Agency to Further Loosen Basel Accord
**June 18 (Financial Times) – Major Wall Street financial firms are ramping up pressure on U.S. regulators, warning that proposed global bank capital rules under the Basel Accord could crimp liquidity in the $29 trillion U.S. Treasury market and urging authorities to rethink the proposal’s market risk controls.
Worries about potential instability in that massive Treasury market have become the U.S. banking industry’s latest lobbying priority as Washington works to roll out post-2008 global financial regulatory standards. Under pressure from banks, the Federal Reserve and other regulators have significantly watered down the original draft. The final rules are now expected to not drastically lift overall capital requirements for U.S. banks, and may even reduce required capital levels.
Even so, Wall Street firms aren’t done pushing for changes. In a recent letter, eight large U.S. banks estimate the latest proposal would boost capital requirements for their banking operations by 30% to
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Binance Wallet: Pre-TGE Event RE Token Trading to Commence Today at 8:00 PM
June 18. According to official announcements from Binance Wallet, the 8th Pre-TGE Prime Sale event project—RE Token (ticker: RE)—will kick off trading on June 18, 2026, at 8:00 PM (UTC+8). Users who have claimed their Prime Sale Keys can check their RE token balances and trade the asset via their Binance Alpha accounts at the scheduled time.
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Citi: Expects Fed to Cut Interest Rates for First Time in October
June 18: Citigroup now projects the Federal Reserve will deliver three 25-basis-point interest rate cuts—arriving in October and December of 2026, plus January 2027. The bank’s earlier forecast had penciled in rate reductions for September, October, and December of this year.
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Bitcoin Falls Below $64,000
Per HTX market data, Bitcoin fell below $64,000 on June 18, trading at $63,915 as of press time, down 2.88% over the past 24 hours.
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Tether announced that it will gradually discontinue the operation of Alloy and aUSDT, focusing on its core business.
June 18: Tether has announced it will wind down operations for Alloy by Tether and its aUSDT stablecoin product as planned. The decision comes after a full assessment of user engagement, market demand, and the company’s overall strategic priorities. Launched earlier as an open platform, Alloy by Tether was designed to explore a digital asset issuance model backed by Tether Gold (XAUT), including its overcollateralized stable asset aUSDT. Since its launch, the platform has provided the market with meaningful real-world data on gold-backed tokens and key insights into asset tokenization applications.
Following this strategic adjustment, Tether will redirect its resources to core product lines with stronger demand, higher liquidity, and long-term growth potential—including critical ecosystem assets like XAUT. The closure will be phased to ensure a smooth transition: effective immediately, the platform is disabling functions for opening new positions and minting aUSDT to prevent additiona
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South Korea's KOSPI Index Breaks 9,000 Points
June 18 – Per Bitget market data, South Korea’s KOSPI index breached the 9,000-point level for the first time, climbing over 1% intraday and having surged more than 110% year-to-date. Samsung Electronics added 2.45% intraday, while SK Hynix rose 5.87% intraday.
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