The U.S. state regulator responsible for overseeing California's cryptocurrency licensing law will need additional funding to launch the project ahead of its scheduled implementation date of July 1, 2026. The California Department of Financial Protection and Innovation is expected to face a funding shortfall of $193 million to set up multiple projects, including the Digital Financial Assets Act. The bill, due in 2023, aims to establish a licensing framework for digital asset companies operating ...
The Fed's Harker said the latest jobs data showed a stable employment situation. The full impact of the tariffs has not yet been felt. The Fed's interest rate policy is currently in a moderate tightening range. Businesses want policy certainty, but they are not getting it. It would be a mistake to take pre-emptive action.
According to market news, cryptocurrency exchange Gemini has secretly filed for an IPO in the United States.
According to @EmberCN monitoring, James Wynn's on-chain address has been cleared, and all remaining assets have entered the CEX, with a total of 1.91 million USDC. Transfer in: Kucoin 1.50 million USD, MEXC 335,000 USD, Gate 75,000 USD.
Mike Feroli, chief economist at JPMorgan Chase, said: For the Fed, the May jobs report was almost "tailor-made", reinforcing their current tendency to stay put and wait patiently for developments in employment and inflation to determine the future direction of policy. This made the June FOMC meeting a "non-event".
A multibillion-dollar deal to build one of the world's largest data center hubs in the UAE is far from a deal due to ongoing concerns over security, people familiar with the matter said. During Trump's two-day visit to Abu Dhabi last month, the United States and the wealthy Gulf state unveiled a massive artificial intelligence campus project that will contain a series of powerful data centers. The plan covers an area of 26 square kilometers...
The Federal Reserve's new top regulator, Bowman, has laid out an ambitious agenda to revisit and relax a number of banking rules and regulatory policies that she believes are...
Mr. Harker said deficits had to be brought under control at a time of growing challenges to the US financial system and was "very concerned" about the current state of government finances. "We are becoming more and more blind on key data," he added. "We are concerned that the quality of economic data is declining. Uncertainty makes forecasting the outlook for monetary policy very difficult. But amid that uncertainty, a rate cut later this year is still possible."
Michael Hartnett, strategist at Bank of America, has warned that technical "sell" signals are about to be triggered after global equities hit record highs this week. Markets are running too hot after surging 20 per cent in just two months, he said. He cited data on flows and market breadth as evidence that investors are piling into risky assets and taking too many positions. Traders often cite this as a bearish signal because of reason...
Citi adjusted its forecast for a Fed rate cut from July to September.
MARA, a bitcoin mining company, has announced that it has joined the MIT Media Lab. The two parties will explore how digital energy technologies can support the energy system. MARA will monetize excess energy and balance the grid with flexible electricity demand, and explore new ways to use digital energy technologies such as bitcoin mining to advance the energy system.
Elon Musk, the father of tech billionaire Elon Musk, has said the acrimonious online spat between his son and US President Donald Trump will "die down in a matter of days" and dismissed it as nothing more than a clash of "good winners". (Al-Arabiya TV)
After a public spat between Musk and Trump, a senior Russian lawmaker joked earlier today that Russia might grant Musk political asylum. "If he does [need asylum], of course Russia can," said Dmitry Novikov, the first vice-chairperson of the Russian State Duma for international affairs. Kremlin spokesperson Dmitry Peskov had earlier said on the phone with reporters that the dispute was an internal matter of the United States and that the Kremlin believed the Kremlin...
Spot palladium rose by 4.00% during the day and is now trading at $1,039.45/ounce.
Stablecoin giant Circle (CRCL. K), which at one point widened its gains to more than 40 percent, is now up 38 percent.
According to Lookonchain monitoring, today 10 US ETFs Bitcoin ETF net outflow 2368 BTC, of which ARK 21Shares outflow 998 BTC, ARK 21Shares currently hold 45616 BTC, worth 4.78 billion dollars; 9 Ethereum ETF net inflow 6589 ETH, of which BlackRock inflows 13480 ETH, BlackRock currently holds 1,506,775 ETH, worth 3.80 billion dollars.
Bitcoin stood at $105,000, up 3.47% on the day.
General Motors (GM. N) and Ford Motor (F. N) rose short-term and are now up more than 1%.
Coking coal fell back near the 800 mark, the Sino-US trade friction cooled down, and the fundamentals were weak. Superimposed market sentiment has cooled. Has the rebound ended? The agency said there is a possibility of a second dip!
As of the end of 23:00, the main contracts of domestic futures were mixed. Bitumen and staple fiber rose more than 1%, soybean oil, bean two, glass, soybean meal, cotton, starch, and low-sulfur fuel oil (LU) rose more than 0.5%. In terms of decline, coke fell more than 1%, No. 20 rubber (NR), rubber, hot coil, iron ore, and rebar fell more than 0.5%, and coking coal fell 0.13%.
