21:00 2025-06-09
NYDIG report: Trump Media Group and Semler Scientific may be the "cheapest bitcoin treasury company"As new types of "bitcoin treasury companies" focused on hoarding bitcoin flood the market, how to value them has become the focus of the industry. Greg Cipolaro, global head of research at bitcoin finance firm NYDIG, noted in a June 6 report that Semler Scientific (SMLR) and Trump Media (DJT) had the lowest "equity premium to NAV" of the eight companies tested, at -10% and -16%, respectively. SMLR and DJT shares were little changed when bitcoin rose to $108,500 on Monday, while MicroStrategy (MS...
20:26 2025-06-09
Trump unveils newborn savings plan to save $1,000 per childTrump formally announced the "Trump Savings Account" at a roundtable meeting with CEOs including Dell, Goldman Sachs and Uber on Monday local time, calling it one of the "most important" components of his second term. The "Trump Savings Account" is part of the "Big Beauty Act" Trump passed in the House last month. The proposal would require the Treasury Department to provide funding for the period from January 1, 2025 to 2029...
20:20 2025-06-09
SEC Chairperson: Proposes a More Open Approach to Crypto Asset Self-CustodyPaul Atkins, chairperson of the Securities Exchange Commission (SEC), said during a cryptocurrency task force roundtable titled "DeFi and the American Spirit" on Monday that a more open approach to cryptoasset self-custody is recommended.
Paul Atkins said: "I support giving market participants more flexibility to take custody of crypto assets, especially if intermediaries impose unnecessary transaction costs or restrict participation in staking and other on-chain activities."
20:11 2025-06-09
Digital asset trading platform Uphold is exploring IPO options with a valuation of $1.50 billion or moreUphold CEO Simon McLoughlin said the company is currently exploring an initial public offering (IPO). McLoughlin said,
Uphold's board has hired FT Partners to explore strategic options, including an IPO in the United States or a sale to another company.
While McLoughlin would not comment on the valuation, one person familiar with the matter put it at more than $1.50 billion. FT Partners did not respond to a request for comment.
19:53 2025-06-09
Trump: If I were the White House border director, I would arrest the governor of CaliforniaUS President Trump said on June 9 local time that he would support the arrest of California Governor Gavin Newsom. Recently, protests in support of illegal immigration broke out in California. US President Trump signed a memorandum on the 7th to send 2,000 California National Guard personnel to the Los Angeles area, causing dissatisfaction from Newsom and Los Angeles Mayor Bass. White House Border Affairs Director Tom...
19:53 2025-06-09
US Treasury: Foreign investors bought $6.502 billion worth of 7-year Treasury bondsIn the latest bi-weekly reporting period, foreign investors bought $6.502 billion worth of seven-year Treasuries, up from $4.67 billion last month. Investment funds bought $33.491 billion of seven-year Treasuries, up from $31.438 billion last month, according to US Treasury data. Foreign investors bought $7.334 billion of five-year Treasuries, up from $7.804 billion last month. Investment funds bought $54.515 billion of five-year Treasuries, up from $50.11 billion last month. Foreign investors b...
19:47 2025-06-09
Trump: No talks with Musk yet consideredUS President Donald Trump said it was unclear whether Musk had used drugs at the White House. And said that no talks with Musk have been considered.