● Biden signs debt ceiling bill, suspending debt ceiling until early 2025
On June 3, US President Biden signed a bill on the federal government debt ceiling and budget at the White House to avoid a US government debt default. The 3rd was Saturday, Eastern Time, and there was only one day left before US Treasury Secretary Yellen warned that the United States was "very likely" to default on its debt. The 2023 Fiscal Responsibility Act stipulates that the debt ceiling will be suspended until early 2025, and limits will be placed on federal government spending in fiscal years 2024 and 2025. (China News Network)
● The new draft of the US House of Representatives' digital asset legislation proposes the establishment of a CFTC-SEC Digital Asset Joint Advisory Committee
Patrick McHenry, Chairman of the U.S. House Financial Services Committee, and Glenn "GT" Thompson, Chairman of the Agriculture Committee, recently shared a discussion draft of digital asset legislation. The draft legislation focuses on digital assets such as securities or commodities, mentions current private securities exemptions (including Reg D, Reg A+, Reg CF) and new customized exemption regulations, and will establish a CFTC-SEC Digital Asset Joint Advisory Committee. (Crowdfund Insider)
● CZ: USD-based stablecoins will help strengthen the USD’s position
Binance founder and CEO Changpeng Zhao (CZ) pointed out in a Twitter "AMA" session that dollar-based stablecoins will help strengthen the dollar's position. He believes that as more and more people use stablecoins for transactions, the dollar will continue to be the main currency and increase its influence in the global monetary system. (Bitcoin.com)
● He Yi: Binance’s listing logic tries to take into account the needs of most users, and monitors the wallets of Launchpad project parties and market maker accounts.
Binance co-founder and CMO He Yi said on Twitter when discussing Binance's listing standards with the community, "Binance listing is not decided by a single person. The listing logic tries to take into account the needs of most users. It's just that rumors and slander are more contagious. Welcome all big Vs to pull out all the projects listed this year one by one for analysis and comparison." In addition, in response to the poor performance of individual currencies after listing on Binance and the phenomenon of some small currencies skyrocketing and plummeting, He Yi said that Binance monitors the wallets and market maker accounts of Launchpad project parties. Launchpad project tokens currently require project party tokens to be managed by multiple parties as part of mutual supervision.
● The total amount of stolen funds from Atomic Wallet has exceeded 35 million US dollars, and one victim has 7.95 million USDT stolen
ZachXBT tweeted that in the hack of the cryptocurrency wallet Atomic Wallet, 7.95 million USDT were stolen from the largest victim found on Tron. The top five Atomic Wallet victims have lost about 17 million US dollars, and the total amount of theft has exceeded 35 million US dollars.