21:27 2025-06-09
US bond yields generally fell by more than 3 basis points, slightly giving up the increase in non-farm daysOn Monday (June 9) in late New York, the US 10-year benchmark Treasury yield fell 3.18 basis points to 4.4738%, trading at 4.5156% -4.4678% range during the day, Beijing time 20:56 rose through the top of 4.5116% on the day after the release of the US non-farm employment report on June 6. The two-year US Treasury yield fell 3.32 basis points to 4.0034%, trading at 4.0325% -3.9909% range during the day, and the non-farm day also rose to 4.0407%.
21:24 2025-06-09
The US Senate plans to introduce a major overhaul of Trump's tax reform bill this weekSenate Republicans are rushing to finalize legislation on the core Trump-backed economic plan by July 4, with plans to unveil revised tax and health care provisions this week. The Senate Finance Committee's goal is to achieve savings by cutting Medicaid spending, possibly involving health insurance. The plan is expected to differ from the version that narrowly passed the House in May. The disclosure of details is likely to spark a new rift within the Republican Party between fiscal conservatives...
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.