Fed’s Kashkari: Two More Interest Rate Cuts Would Be Appropriate
Fed member Neel Kashkari said two additional interest rate cuts would be appropriate this year. He noted that they could take faster action if the labor market remains weaker than expected. He also emphasized that they are open to raising interest rates if economic conditions require it.
EU Restrictions on Crypto Platforms
European Commission President Ursula von der Leyen announced that new restrictive measures would also target cryptocurrency platforms. This step is seen as part of the EU’s strategy to tighten financial regulations.
Bitcoin Treasury Purchases 111 More BTC
The Bitcoin treasury company Treasury purchased 111 more BTC, bringing its total holdings to 1,111 BTC. The company operates with the support of Winklevoss Capital and Nakamoto and currently ranks 43rd among global treasury companies. This purchase strengthens the firm’s long-term Bitcoin strategy.
Bitcoin’s Illiquid Supply Hits Record High
According to Glassnode data, the amount of BTC that has not moved in over seven years has increased by 422,430 since the beginning of the year. As a result, Bitcoin’s illiquid supply has hit a record high of 14.30 million BTC. This figure represents more than 72% of the 19.92 million BTC in circulation.
Voting on WLFI: Token Burn Decision
World Liberty Financial (WLFI), backed by the Trump family, has approved a proposal to buy back and burn WLFI tokens using 100% of the protocol’s revenue. 99.84% of participants voted yes, and the token supply will be permanently reduced.
HyperLiquid Launches ASTER Contracts
HyperLiquid has launched its new ASTER contracts. Users can now trade long/short positions with 3x leverage. However, the platform warned that there could be a significant liquidation risk due to low liquidity and high volatility.
Statement from Metaplanet CEO
Simon Gerovich, CEO of Japan-based Bitcoin treasury company Metaplanet, made a statement regarding the poor performance of the company’s shares. Gerovich said that shorting the stock and covering it with a new issue is illegal. He also stated that they aim to balance speed, market impact, and revenue optimization in BTC purchases.
DeAgentAI Rises in the Sui Ecosystem
The artificial intelligence project DeAgentAI (AIA) in the Sui ecosystem showed an increase of more than 42% despite the overall market decline. The AIA price broke a record, rising from 0.35 USDT to over 0.59 USDT.
Former SEC Chairman Gensler’s Crypto Commentary
Former SEC Chairman Gary Gensler said he has no regrets about strictly regulating the crypto market during his tenure. “We constantly strived to protect investors,” said Gensler, who described most cryptocurrencies as “highly speculative” and made an exception only for Bitcoin.
