● Powell: If the economy develops as expected, there will be two more rate cuts this year
According to BlockBeats, Federal Reserve Chairman Powell said that if the economy develops as expected, there will be two more interest rate cuts this year, totaling 50 basis points.
● Fed's Goolsbee: Lowering interest rates is a top priority
According to Odaily Planet Daily, Fed's Goolsbee said that lowering interest rates is a top priority and the Fed cannot wait until the job market weakens before taking action. He pointed out that the job market is stable and sustainable. The Fed is cutting interest rates because the economy has returned to normal.
● Minutes of the Bank of Japan meeting: The yen may face appreciation risks against the US dollar
According to Jinshi, the minutes of the Bank of Japan's meeting showed that a member said that considering the speed and magnitude of the US interest rate cut, the yen may face appreciation risks against the US dollar and stock prices may fall.
● Several listed companies increased their holdings of Bitcoin, with MicroStrategy accounting for 97%
According to Blockworks, several listed companies continued to increase their holdings of Bitcoin after it hit a record high in March. MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet and British football club Real Bedford FC purchased a total of about 48,836 Bitcoins, investing about $3.09 billion, currently worth about $3.1 billion. Among them, MicroStrategy accounted for 97% of the purchases.
Since MicroStrategy's first purchase of Bitcoin in August 2020, at least 15 companies have added Bitcoin to their balance sheets.
According to Wu Shuo, the Taiwan Financial Supervisory Commission announced that professional investors can invest in foreign virtual asset ETFs through re-entrustment. Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors.
● Japan to review cryptocurrency rules and consider tax cuts
According to Wu, Japan is about to begin reviewing the country's cryptocurrency rules, which may lead to tax cuts for crypto companies and the launch of new investment products such as cryptocurrency ETFs. The Financial Services Agency of Japan will evaluate whether the current approach to regulating cryptocurrencies under the Payment Law is sufficient in the coming months and consider whether to include cryptocurrencies in the Investment Law.
According to PANews, CoinShares' latest weekly data showed that digital asset investment products saw inflows for the third consecutive week last week, totaling $1.2 billion, with total assets under management growing by 6.2%. The approval of options for certain U.S. investment products may boost market sentiment, although trading volume fell slightly month-on-month to 3.1%.
Bitcoin attracted $1 billion in inflows, while spurring $8.8 million in inflows to short Bitcoin investment products. Ethereum saw $87 million in inflows, while Solana saw $4.8 million in outflows. Litecoin and XRP saw inflows of $2 million and $800,000, respectively, while BNB and Stacks saw outflows of $1.2 million and $900,000, respectively.
● Binance: Has met with Singapore police to explore cooperation opportunities
According to Binance’s post on the X platform, its global head of special investigations Erin Fracolli met with the Singapore police, including representatives of the Anti-Fraud Center. The discussions focused on exploring opportunities for greater collaboration and improving the effectiveness of investigative work in handling fraud-related cases.
