Trump: Fed Should Cut Interest Rates by 1 Point, Time Is Right
In his latest statement, President Trump described US CPI data as “very good” and called on the Fed to immediately cut interest rates by 1 point. Trump said that this step would reduce the interest costs of maturing debt and emphasized that such a cut was “extremely important.”
U.S. Senate Advances GENIUS Stablecoin Bill
The U.S. Senate passed the GENIUS Act, which regulates the stablecoin market, in a procedural vote of 68 to 30. The bill requires stablecoin issuers with a market value of over $50 billion to maintain full reserves and undergo annual audits. It is expected to be put to a final vote on Monday. However, the House of Representatives has not yet voted on the bill.
Warren and Blumenthal question Meta on stablecoins
Senators Warren and Blumenthal wrote a letter to Meta CEO Zuckerberg requesting information about the company’s potential stablecoin projects. Referring to the failed Libra and Diem projects, the letter expressed concerns that Meta could be granted an exemption under the GENIUS Act. Meta spokesperson Andy Stone said on May 8 that the company has no plans to launch a stablecoin.
MiCA Regulations Stalling in EU Member States
The EU’s MiCA crypto regulation aims for uniform oversight across the continent, but differences between member states are allowing companies to exploit loopholes. Some countries, such as Malta, are said to have quickly granted licenses before common standards came into effect. ESMA has launched a “peer review” against one country.
US Treasury Department Completes $10 Billion Bond Buyback
On June 10, the US Treasury Department completed a $10 billion bond buyback operation. The bonds have maturities ranging from July 15, 2025, to May 31, 2027.
Hong Kong Will Sell US Bonds If It Loses AAA Rating
According to Bloomberg, Hong Kong’s MPF managers have drafted a plan to reduce their U.S. Treasury holdings within three months if the U.S. loses its AAA credit rating.
Matador Technologies Increases Bitcoin Reserves
Canadian-based publicly traded company Matador has purchased an additional 5.38 BTC, bringing its total reserves to 69 BTC. The purchase cost approximately 581,000 dollars.
Germany Makes Strategic Move Toward Bitcoin: Evertz Pharma Buys 100 BTC
Evertz Pharma purchased 100 BTC worth approximately 10 million euros in May. CEO Dominik Evertz stated that Bitcoin aligns with the company’s long-term vision of resilience and stability.
Massive Bitcoin Option Trade on Deribit
According to Deribit Asia-Pacific President Lin, a trader opened a position of 200 BTC, including 100,000 $ put and 125,000 $ call options with a year-end maturity. The transaction generated 1.91 million dollars in premium income.
GameStop Plans 1.75 Billion Dollar Bond Issuance
GameStop announced plans to issue $1.75 billion in convertible bonds through a private placement for qualified investors. The proceeds from the bonds will be used for the company’s general investments and potential acquisitions.
Brazil Secures Parliamentary Committee Support for Bitcoin Reserve
A bill proposing the creation of a national Bitcoin reserve called “RESBit” has received support from the Economic Development Committee. The bill allows for 5% of foreign exchange reserves to be allocated to BTC.
Singapore Imposes Strict Licensing Requirements on Crypto Companies
Following Singapore’s new regulations, unlicensed crypto exchanges Bitget and Bybit are planning to relocate their teams to hubs like Dubai and Hong Kong. The Monetary Authority of Singapore (MAS) is requiring unlicensed platforms to cease operations by June 30.
Legislative Proposal to Grant Ukraine Central Bank Authority Over Crypto Reserves
Eight Ukrainian lawmakers have submitted a bill granting the Central Bank the authority to include crypto assets in its foreign exchange and gold reserves. The bill is not mandatory but rather an enabling regulation.
United Bank CEO: We Are Considering Our Own Stablecoin
United Wholesale Bank CEO Gunjan Kedia said the bank is exploring the potential of issuing a stablecoin. Kedia said that corporate services in this area have been revived under the Trump administration.
NFTs Distributed to Trump Meme Event Participants
TRUMP dinner event participants were distributed commemorative NFTs via Solana wallets. The NFTs use the Metaplex infrastructure, and the data is stored on the Irys platform.
TON NFT Market Explodes
With Telegram’s conversion of its “Gifts” system to NFT format, the TON ecosystem has begun to attract attention again. With a daily transaction volume exceeding $9 million, it broke the record by surpassing Ethereum in a single day with a volume of $10 million.
Three Consecutive Days of Net Inflows into Bitcoin ETFs: 165 Million Dollars
According to SoSoValue data, net inflows into Bitcoin spot ETFs reached 165 million dollars yesterday. The largest inflow was 131 million dollars into BlackRock IBIT.
240 Million Dollars Inflow into Ethereum ETFs – 18 Days of Uninterrupted Flow
Net inflows into Ethereum spot ETFs totalled 240 million dollars yesterday, with BlackRock ETHA receiving the highest single inflow of 164 million dollars. The continuous inflow has now lasted for 18 days.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
