Key Midday Developments on June 24

7:00-12:00 Keywords: Iran-Israel ceasefire, rate cut, Texas

1. Iran and Israel have officially announced a ceasefire.

2. The probability of a 25 basis point Fed rate cut in July has risen to 20.7%.

3. Powell is set to face a grilling on Capitol Hill and may encounter bipartisan pressure.

4. The Federal Reserve has removed the "reputational risk" factor from its bank supervisory inspections.

5. The total cryptocurrency holdings of domestic investors in Russia have surpassed $25.4 billion.

6. Senator Hagerty: Trump is ready to sign the GENIUS Act.

7. Texas has passed the SB1498 bill, authorizing the seizure of Bitcoin and digital assets related to criminal activity.