News linked to this event type.
Odaily Odaily News, Federal Reserve's Logan stated that Fed officials may need to raise interest rates later this year to bring inflation down to the 2% target level. She noted that the U.S. labor market is "largely in balance," investment in the AI sector is booming, and financial conditions remain "loose." However, she added that the current inflation trend does not appear to be heading back towards the Fed's 2% target. "These conditions suggest that current monetary policy is not exerting a restraining effect on the economy," "I am increasingly concerned that, in order to fully restore price stability and appropriately balance both aspects of the Fed's 'dual mandate,' interest rate hikes may be necessary later this year." (Jin Shi)
Odaily reports, the UK Prime Minister has accused Reform UK leader Nigel Farage, demanding he stop avoiding questions regarding a £5 million personal donation from Thai crypto billionaire Christopher Harborne, and questioning why the sum was kept confidential.The donation was made several months before Nigel Farage participated in the 2024 general election and is currently under investigation by the Parliamentary Commissioner for Standards to determine whether it should have been declared. In response, Nigel Farage stated that he was not an MP at the time and therefore was not required to report it to the authorities. Additionally, another crypto entrepreneur, Ben Delo, also donated £4 million to the party. (The Guardian)
Odaily news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)
According to Cointelegraph, the transitional period for the EU’s Markets in Crypto-Assets Regulation (MiCA) will end on July 1, 2026. The European Securities and Markets Authority (ESMA) stated that, as of that date, crypto-asset service providers not yet authorized under MiCA—even if their applications are still under review—must cease providing services to EU customers and initiate business wind-down and customer migration arrangements.
prediction market platform Kalshi announced on platform X that Bitcoin perpetual contracts are now officially online. This marks the first U.S. regulatory-approved Bitcoin perpetual contract product. The product is a perpetual contract referencing the spot price of Bitcoin and is classified as a futures contract. The U.S. Commodity Futures Trading Commission previously stated that, following review, the BTCPERP contract complies with the Commodity Exchange Act and relevant regulatory requirements, including the core principles applicable to Designated Contract Markets (DCM).
: “New Stock God” Serenity posted on platform X, stating that the proposal for the EU Chips Act 2.0 has been officially released. Photonics technology has been confirmed as a structural component of EU policy, which constitutes a long-term positive for the photonics industry. The proposal explicitly supports the development of photonic integrated circuits (PICs) and related technologies. This includes building and strengthening the advanced design, prototyping, and industrialization capabilities for PICs, expanding the EU's design capabilities in the photonics field, supporting pilot production lines and open semiconductor manufacturing facilities for PICs and related technologies, and developing and maintaining design libraries and design automation tools for PICs. The key policy directions include:1. Co-packaged optics (CPO/interconnects) for AI data centers, benefiting Sivers (SIVE)2. Silicon photonics applications for high-bandwidth data center interconnects, benefiting X-FAB (XFAB)3. Strengthening production technical capabilities for photonic integrated circuits, including co-packaging, heterogeneous integration, and material platforms4. The strategic position of SOI wafers within the EU is confirmed, with Soitec and Siltronic being key participantsSerenity's analysis indicates that the Act structurally benefits leading European photonics companies, especially those involved in AI data centers. It is expected that related stocks will benefit sequentially within 3 to 15 months after the policy release, and the market may have already started to react in a forward-looking manner.
According to POLITICO, U.S. House Speaker Mike Johnson said he will meet with OpenAI CEO Sam Altman to discuss the AI regulatory legislation proposal put forward by Altman.
According to reports from Iran's Mehr News Agency on the 3rd, the draft regarding the management of the Strait of Hormuz has entered the review stage of Iran's Supreme National Security Council. After the final opinion is formed, it will be submitted to the full session of the parliament for review and voting.The report stated that the formulation of this draft has been ongoing for some time. Several specialized committees of the Iranian parliament have participated in the research and论证 related to this draft, including the National Security and Foreign Policy Committee, the Construction Committee, and the Internal Affairs Committee. The report noted that the aforementioned committees and some lawmakers had previously proposed different versions of suggestions and plans for the draft. After coordination and integration, a unified text has been formed. (Xinhua News Agency)
the House of Lords Financial Services Regulation Committee stated today that the UK is lagging behind the US and the EU in stablecoin regulation. The committee urged the Bank of England and the Financial Conduct Authority (FCA) to amend several proposals, including reconsidering the holding limits of £20,000 for individuals and $10 million for enterprises, the 40% non-interest-bearing central bank deposit reserve requirement, and restrictions on commercial bank issuance. It also recommended that the FCA review the k-factor capital requirements, which scale based on issuance volume rather than risk proportionality. (The Block)
According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.
xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)
Odaily Bitcoin News posted on X platform, stating that the SEC has listed digital assets as a strategic priority before 2030, calling for a clear regulatory framework for blockchain, tokenization, custody, trading, staking, and crypto market infrastructure. The SEC stated that blockchain technology has the potential to revolutionize U.S. financial infrastructure and acknowledged that innovation and development have outpaced existing regulations. The plan also calls for clearer delineation of the regulatory boundaries between the SEC and the CFTC, which is a key issue for Bitcoin and the broader digital asset industry. After years of regulatory uncertainty, the SEC has now officially positioned digital assets as part of the future of U.S. capital markets.
Odaily Planet Daily reports that the UK's Financial Conduct Authority (FCA) has sent letters to football clubs, including those in the Premier League, warning that sponsorship deals with unauthorized crypto firms and trading platforms may violate financial services laws and pose risks to fans. Fiona Mackinnon-Miller, Head of Department at the FCA, stated that there has been an increase in clubs partnering with unauthorized firms, some of which appear to be operating illegally.Lucy Castledine, Director of Consumer Investments at the FCA, pointed out that these firms may be breaking UK law by offering services without the proper licenses. Sports Minister Stephanie Peacock voiced support for the FCA's actions. Additionally, the FCA stated that it is coordinating with the government, the Premier League, and the new independent football regulator to address unauthorized financial services marketing in professional football. (decrypt)
According to The Block, the UK’s Financial Conduct Authority (FCA) has sent letters to football clubs—including English Premier League clubs—warning them to exercise caution when entering into sponsorship agreements with unauthorized cryptocurrency firms, in order to protect fans from financial risks.
欧洲银行管理局与纽约州金融服务部签署备忘录，将共享稳定币发行、流通及持有者等关键数据以加强跨境监管。
链上调查员 ZachXBT 指控 edgeX 内部人员控制大部分供应，EDGE 代币单日暴跌超 40%。项目方归咎于外部方，双方就市场操纵展开争议。
According to Yonhap News Agency, on June 1, the Incheon Metropolitan City Election Commission formally filed a complaint with the Incheon Police Agency against Yoo Jeong-bok, the presidential candidate of the People Power Party for Incheon mayor, citing violations of the Public Official Election Act. Yoo is accused of submitting false information in his candidate asset disclosure: his spouse’s actual assets amount to approximately 518.57 million KRW—significantly higher than the declared amount of 439.88 million KRW—and their combined household assets should total approximately 1.92297 billion KRW, not the declared 1.84472 billion KRW. Earlier media reports indicated that his spouse held 21,000 units of virtual assets and transferred them to overseas exchanges to evade local election asset disclosure obligations. The Incheon Police Agency’s Anti-Corruption Investigation Unit will merge this complaint with a related case previously filed by the Democratic Party of Korea for joint investigation.
Ink, an Ethereum Layer 2 network incubated by Kraken, announced last night that the network is experiencing a full-chain outage. Current network availability is intermittent, and services have not yet stabilized.According to the official statement, user transactions and cross-chain bridge operations may be unstable until the chain resumes normal operation. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and facilitate network recovery.As of press time, Ink has not yet disclosed further progress or a timeline for restoration.
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
World Liberty Financial (WLFI), a crypto project backed by the Trump family, stated that in light of recent updates to sanctions measures, the platform will continue to enforce risk-based sanctions compliance control mechanisms to fulfill legal and regulatory obligations in relevant jurisdictions.WLFI noted that transactions involving sanctioned individuals, entities, or related wallet addresses may be subject to enhanced scrutiny, rejection, restrictions, or other compliance measures. The platform reminds users that when transferring digital assets, they should ensure that the source of funds and original wallet addresses are not associated with sanctioned parties or prohibited activities.WLFI stated that if user transactions or accounts are affected during the compliance review process, its support team will assist users in completing the subsequent processing steps.