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BlockBeats news, on June 16, leveraged product researcher degentrading stated that ahead of the US Federal Reserve FOMC meeting, the current position is suitable for reducing holdings — this short-term weakness is to be expected. After all, the market experienced a large-scale short squeeze rally yesterday, and as FOMC hedging positions are established, some degree of market weakness is normal. From a longer-term perspective, this current pullback in US stocks may be the last opportunity to increase exposure before the market faces the “uncertain hurdle of FOMC”; afterwards, the market is expected to continue moving higher, climbing over this “wall of worry.” Due to the shorter trading week and the convergence of FOMC and options expiry (OPX), market volatility is expected to increase significantly. Note: On Thursday at 2:00, the US Federal Reserve FOMC will announce its interest rate decision and Summary of Economic Projections; at 2:30, Federal Reserve Chair Powell will hold a monetary policy press conference. On Friday (June 19), the New York Stock Exchange will be closed for a day in observance of Juneteenth.

The French stock index provisionally closed up 0.73%. The Italian stock index provisionally closed up 1.06%, continuing to set a record closing high. The banking index rose 2.92% to a new record closing high. The UK stock index provisionally closed up 0.61%.

Odaily reported that MANTRA has announced a full acquisition by strategic investor Inveniam Capital Partners, with the transaction expected to be completed in the third quarter of this year. MANTRA's main business is the tokenization of RWA assets on its own public blockchain and it holds a VASP license issued by Dubai's Virtual Asset Regulatory Authority, enabling it to operate a digital asset exchange and provide services such as brokerage, proprietary management, and investment. Previously, both parties jointly developed the Layer2 network NVNM Chain, which is used to register identities and define permissions for autonomous AI agents in compliant scenarios, as well as to record on-chain evidence that can be independently verified by regulators and counterparties.