Federal Reserve: All 31 banks tested passed annual stress testing.

The leadership of the U.S. House of Representatives announced Thursday that the week of July 14 will be designated as "Crypto Week", during which it will focus on three important cryptocurrency bills: the GENIUS Stablecoin Act, the Digital Asset Market Clarity Act, and a bill on a central bank digital currency (CBDC). The GENIUS Act requires stablecoins to be fully backed by US dollars or highly liquid assets, and to conduct annual audits of large issuers. Digital assets...

21:00-7:00 Keywords: Big America Act, Tax Reform Act, Trump 1. Trump: Today's data is good news, much better than expected. 2. The "Big and Beautiful" bill was passed by the House of Representatives of the United States Congress and only needs to be signed by the president; 3. US Senator Cynthia Lummis proposes a comprehensive crypto tax reform bill. 4. US Treasury Secretary: If the Federal Reserve does not cut interest rates, it may cut interest rates even more in September. 5. Federal Reserve ...

Crypto-asset manager Grayscale said in an email on Thursday that the decision by the Securities Exchange Commission (SEC) to suspend trading in its Digital Large Cap Fund (GDLC) was "unexpected". The company said the regulator's decision on Wednesday surprised industry observers and showed that the regulatory environments were changing. Grayscale said: "While this development is unexpected, it reflects the regulatory backlash surrounding pioneering digital asset products like GDLC.

According to Bitcoin.com News, as of July 2025, only 47.3% of the 2.40 million bitcoins held by exchanges are backed by proof of reserve, meaning there are still 1.25 million bitcoins unverified.

President Trump of the United States: A signing ceremony will be held at the White House tomorrow at 4:00 pm (4:00 am Beijing time on Saturday). Previously, it was reported that the "Big America" bill was passed by the House of Representatives of the United States Congress and only needs to be signed by the president.

With the active promotion of stablecoin-related regulatory rules overseas and the passage of the Stablecoin Bill by the Legislative Council of the Hong Kong Special Administrative Region of China, the gradual improvement of the regulatory mechanism has made stablecoins the focus of the market. Recently, the announcement of Guotai Junan International's upgrade of its virtual asset trading service license directly promoted the surge in stablecoin concept stocks, and financial technology and other ...

The S & P 500 index closed up 0.83% on Thursday, the Nasdaq rose 1.02% and the Dow closed up 0.77%. The S & P 500 set its seventh record closing high of the year, while the Nasdaq set its fourth record closing high of the year. All three major indexes recorded gains this week, with the S & P 500 up 1.7%, the Nasdaq up 1.6% and the Dow up 2.3%. Technology stocks generally rose, with Nvidia up 1.3% on Thursday to close at a record high.

Francois Philippe, Canada's finance minister, said his country could negotiate better trade deals with the Trump administration than other countries, rejecting suggestions that Canada might have to accept new benchmark tariffs on all exports to the US. "We import more from the US than Japan, the UK and France combined, so we are not in the same camp as other countries," Mr. Philippe said. "The competitiveness of North America depends on the relationship between Canada and the US, and Canada has ...

US financing needs are likely to rise following the passage of the Republican sweeping tax cut and spending bill, Treasury Secretary David Bescent said on Thursday. The Treasury is likely to replenish the Treasury account by issuing more short-term US debt after the debt ceiling limit is lifted. "This legislation also helps us get out of that terrible debt ceiling predicament, which is why we had to limit debt issuance," Mr. Bescent said. "So we are likely to replenish the Treasury's general acc...

Trump's tariffs have brought in tens of billions of dollars for the government, but the burden has been uneven among states. An analysis by Trade Partnership Worldwide, an economic research firm, shows the cost of tariffs to states between January and May. From January 1 to May 31 this year, California faced a tariff impact of up to $11.30 billion, the highest in the United States to date. Texas came in second with $6 billion, followed by Michigan with $3.30 billion. Companies in 17 states ranke...

On July 2 local time, at least six Financial Institution Groups in Brazil suffered cyber attacks. Hackers took advantage of system vulnerabilities of third-party payment service providers to initiate large-scale illegal transfers. At present, the Central Bank of Brazil has not released the specific amount involved and the list of affected Financial Institution Groups. According to the Brazilian Central Bank's investigation, the entrance of the attack is not the bank's own system, but its authori...

Mr. Trump said the US could start sending letters to trading partners unilaterally setting tariff rates as early as Friday, with July 9 being the deadline for talks. "We could start sending letters, probably starting tomorrow, maybe 10 letters a day to different countries informing them of the tariffs they're going to have to pay to do trade with the US," Mr. Trump said on Thursday. Mr. Trump said on Tuesday that he was not considering postponing next week's deadline. When asked if an extension ...