1. The U.S. announced that the core PCE price index in June was 2.6% year-on-year.
The U.S. announced that the core PCE price index in June was 0.2% on a monthly basis, which was expected to be 0.1% and the previous value was 0.10%. The U.S. core PCE price index in June was 2.6% on an annual basis, which was expected to be 2.5%. Traders expect the Fed to keep interest rates unchanged in July and start cutting interest rates in September.
2. Protos: Former Binance CEO Zhao Changpeng is currently scheduled to be released from prison on September 29
Former Binance CEO Changpeng Zhao’s release date is currently set for September 29, not August 30 as rumored. Unless CZ’s situation changes, he will not leave FCI Lompoc II on August 30. CZ began serving his sentence at the low-security federal prison in Lompoc, California, in late May.
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3. BitFlyer announced that it has completed the full acquisition of FTX Japan
Japanese exchange BitFlyer announced that it has completed the acquisition of 100% of the outstanding shares of FTX Japan, making FTX Japan its wholly-owned subsidiary. FTX Japan will develop new cryptocurrency custody businesses under bitFlyer Holdings and said that in the future, once the Japanese legal system is in place, it plans to provide businesses related to crypto asset spot ETFs.
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4. US presidential candidate Robert Kennedy Jr.: Hopes Bitcoin holdings match the country's gold reserves
The US government is the world's largest gold owner, with 8,134 tons of gold. At current prices, the gold is worth $615 billion. Earlier, Kennedy revealed at the 2024 Consensus Conference that he bought 21 bitcoins during the campaign and three for each of his children. He also said that his goal is to make cryptocurrency a trading currency and advocate not to impose capital gains tax on it.
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5. Jersey City Pension Fund in New Jersey, USA will invest in Bitcoin ETF
Steven Fulop, the mayor of Jersey City, New Jersey, tweeted that Jersey City’s pension fund is submitting an application to the U.S. SEC to invest part of the city’s pension fund in a Bitcoin exchange-traded fund (ETF), similar to the practice of the Wisconsin pension fund (2%). The mayor expects the process to be completed by the end of the summer. Earlier in May, Wisconsin reported an investment of $164 million in spot Bitcoin ETFs.
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