Fed Hawkish Shift Slams Markets, Crypto Under Pressure at Sixty-Four K

June 18th market briefing: Fed Chair Kevin Warsh delivers hawkish surprise in first FOMC decision, holding rates at three point five to three point seven five percent while signaling potential hikes ahead. Bitcoin trades at sixty-four thousand three hundred, down from recent highs, as institutional demand weakens with two point one billion in ETF outflows this month. Strategy's preferred stock STRC hits record lows below par, forcing ATM pause. Crypto market positioning remains defensive and thin following Fed projections showing rate expectations climbing to three point eight percent for twenty twenty-six. Kentucky sues prediction markets Kalshi and Polymarket alongside seventeen other states in federal-state jurisdiction battle. BitGo announces fifty million dollar buyback despite shares trading sixty-five percent below IPO. Plus: Coinbase expands beyond trading fees, Intel shares jump on Apple chip deal, and gasoline finally breaks below four dollars per gallon.