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AICoin Daily Report (May 30)

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AiCoin
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10 months ago
AI summarizes in 5 seconds.

1. Federal Reserve Chairman Powell Meets Trump to Discuss Economic Development and Monetary Policy Path

According to an official announcement from the Federal Reserve, at the invitation of President Trump, Federal Reserve Chairman Powell met with Trump today at the White House to discuss issues related to economic development, including economic growth, employment, and inflation. Chairman Powell did not provide specific expectations regarding the outlook for monetary policy, emphasizing that the policy path will depend entirely on future economic data and its impact on the economic outlook. Finally, Powell stated that he and his colleagues on the Federal Open Market Committee (FOMC) will formulate monetary policy in accordance with the law to support maximum employment and price stability, with all decisions based on prudent, objective, and politically unbiased analysis. -Original

2. Mayor of Panama City Proposes Using Bitcoin for Ship Canal Transit Fees and Establishing Reserves

Panama City Mayor Mayer Mizrachi stated that the city may establish Bitcoin reserves. -Original

3. Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund to Support Ecosystem Expansion

Cantor Fitzgerald Chairman Brandon Lutnick stated, "There are still people on Earth who are afraid of Bitcoin, and we want to bring them into this ecosystem." -Original

4. Coinbase Announces Return to San Francisco with New 150,000 Square Foot Office

San Francisco Mayor Daniel Lurie stated on X platform, "Coinbase is returning to San Francisco after leaving four years ago and has opened a 150,000 square foot office in Mission Rock. San Francisco is an ideal place to create and grow companies. Welcome back." In response, Coinbase CEO Brian Armstrong said, "We are excited to reopen our office in San Francisco. There is still a lot of work to be done to improve this city." -Original

5. UK Reform Party Leader Nigel Farage to Submit Strategic Bitcoin Reserve Bill

6. USDT Issuer Tether Holds Over 100,000 Bitcoins and 50 Tons of Gold

7. JPMorgan Report States Strong Inflows into US Spot Crypto ETFs, Market Enthusiasm Remains High

The report states that despite the decline in the prices of underlying assets, both Ether and Bitcoin products have seen net inflows. -Original

8. OKX Releases 31st Proof of Reserves, Total Value Reaches $28 Billion, Reserve Ratio 100%

According to official news, OKX released its 31st proof of reserves, with a reserve ratio of 100% for 22 publicly listed cryptocurrencies, including BTC, ETH, USDT, and USDC, with reserve ratios of 105%, 102%, 100%, and 100%, respectively, totaling a value of $28,049,189,977. It is reported that OKX is the first exchange in the industry to achieve continuous POR releases for over two years. During this period, OKX has adhered to monthly PoR releases, increasing the number of publicly listed cryptocurrencies from 3 to 22, and continuously upgrading the PoR system through technologies such as Merkle trees, full Merkle trees, and zk-STARK, committed to the transparency of user assets. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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