Roughly 120,000 traders have been wrecked in the past 24 hours as liquidations mount.

Bank of America now expects the Fed to raise interest rates three times in 2026. This marks a reversal from its forecast as recently as last week of no change this year. The bank projects 75 basis points of tightening across September, October, and December, lifting the benchmark rate toward a 4.25% to 4.50% range.

Bitcoin is facing pressure on two fronts with continued selling pressure and a new macro headwind, say analysts.

KOSPI sank more than 8% and Nikkei fell almost 3% as US big tech fears spread across Asia. Samsung and SK Hynix led losses in Seoul.

Cardano's Leios scaling testnet, Musashi Dojo, goes live June 23 with a 30–65x throughput target and November 2026 mainnet goal.