Statements by US Treasury Secretary Bessent
US Treasury Secretary Bessent said that rare earth elements, certain chemicals, and aircraft engines could be bargaining chips in negotiations with China. He emphasized that the US is vulnerable in some sectors and needs to be strengthened. He also said that the government investment in Intel has been validated by Nvidia’s moves and that progress has been made on Fannie Mae and Freddie Mac. Bessent stated that it is uncertain whether the government will shut down next week and revealed that they are working on a plan for jobs that will be lost due to artificial intelligence. Regarding the Fed’s interest rate decision, he stated that the Federal Reserve’s interest rates have been very high for too long, that we have entered a cycle of easing, and that Fed Chairman Powell’s failure to give any hint about an interest rate target surprised him.
Nasdaq-listed Solana DeFi Development Corp. (DFDV) announced that it has expanded its share buyback program. The program, which was previously $1M, has been increased to $100M by a board resolution. The timing and method of the buyback will be determined by management based on market conditions.
USDH Now Trading on Hyperliquid
Native Markets’ USDH token, a stablecoin issuer, has been listed on the Hyperliquid exchange in the USDH/USDC pair. The first day’s trading volume reached $2.2 million. USDH is fully backed by cash and short-term US Treasury bills and can be used within the Hyperliquid ecosystem. It was also announced that a portion of the proceeds will be used for HYPE buybacks.
13 New Crypto ETPs from Valour
Valour, a subsidiary of Nasdaq-listed DeFi Technologies, launched 13 new crypto ETPs on the Swedish Spotlight exchange. These products include PEPE, FLR, VIRTUAL, OP, IP, IMX, QNT, GRT, FLOKI, THETA, FORM, IOTA, and HYPE. This brings Valour’s total number of digital asset ETPs to 99.
Iveda’s Crypto Treasury Decision
Nasdaq-listed artificial intelligence-based surveillance solutions company Iveda announced that it has developed a crypto treasury strategy. The board of directors authorized the purchase of crypto assets to diversify the company’s assets. However, it has not yet been disclosed which cryptocurrencies will be purchased.
New Appointment and Address Freeze at Tether
Tether has appointed Benjamin Habbel as Chief Trading Officer. Habbel was previously the founding partner and CEO of Limestone Capital. Additionally, Tether froze 25 addresses containing $4.35 million USDT, according to MistTrack data; the largest freeze occurred on a single address with $1.75 million.
