1. Trump says Powell must cut interest rates immediately

2. BlackRock increases its holdings of 214,000 ETH, worth $560 million

Despite ETH trading sideways between $2,500 and $2,700, BlackRock has increased its holdings by 214,000 ETH, worth $560 million, since May 11. -Original

3. Consensys CEO expects Ethereum to become a pillar of global finance

Joe Lubin, co-founder of Ethereum and CEO of Consensys, believes that Ethereum may ultimately be more valuable than Bitcoin, as he points out Ethereum's practicality and role in building trust-based financial infrastructure. He also revealed that Consensys is in talks with a major sovereign fund and leading banks to collaborate on developing institutional-level infrastructure for the Ethereum ecosystem, including L1 and customized L2 solutions. Although Ethereum has recently underperformed compared to Bitcoin, Lubin views it as a long-term infrastructure network. With increasing interest from sovereign funds in building financial infrastructure on Ethereum, if governments begin to integrate Ethereum, it could redefine the competitive landscape of digital currencies. Lubin concluded that the value of Ethereum lies not only in its price but also in its status as the world's most trusted programmable asset. -Original

4. US-listed company Semler Scientific increases its holdings of 185 BTC

Eric Semler, chairman of US-listed company Semler Scientific, announced on social media that the company has spent $20 million to acquire 185 BTC, with a year-to-date BTC return of 26.7%. The company currently holds 4,449 BTC. -Original

5. US Treasury explores regulatory clarity for digital asset markets

Odaily Planet Daily reports that US Treasury Secretary Janet Yellen held an executive meeting of the Financial Stability Oversight Council today. During the meeting, the council heard a briefing from Treasury staff on the President's working group on digital asset markets. The chair of the SEC and the acting chair of the CFTC also provided updates on their respective agencies' recent actions. Speakers discussed ongoing efforts to promote US leadership in digital assets and financial technology, as well as to provide greater regulatory clarity and certainty for the digital asset market. -Original

6. WazirX relocates operations to Panama due to court ruling

WazirX, a cryptocurrency exchange primarily serving the Indian market, announced that it will relocate its operating entity from Singapore to Panama, with its parent company Zettai rebranding to Zensui Corporation. This move comes after a Singapore court did not approve its restructuring plan, and the local central bank required crypto service providers to cease offering digital token services to overseas markets by June 30. Documents show that WazirX registered a new entity, Zensui, in Panama on March 10, and a business transfer agreement is ready, with service migration expected to be completed within 2-3 working days after execution. The platform has made it clear that it will not apply for a Singapore operating license and has no plans to register with the Indian financial intelligence department. In response to the $235 million hacking incident in 2023, WazirX will issue recovery tokens to compensate victims. This plan has been approved by over 90% of creditors, promising to repay users 75%-80% of the stolen funds through platform profits and recovered assets in installments. -Original

7. Aptos to fully transition to new token standard FA by June

Odaily Planet Daily reports that the Aptos ecosystem will fully transition to the Fungible Asset (FA) standard starting June 30, 2025, replacing the old Coin framework. The FA standard, launched at the end of 2023, offers higher security, flexibility, and composability, supporting advanced use cases such as DeFi and payments. Starting June 20, new accounts will default to the FA standard; on June 30, APT token balances will be automatically migrated first, followed by other on-chain tokens between June 18 and 22, with no user action required. This upgrade is driven by Aptos Labs and will be implemented through batch transaction tools, with gas fees prepaid by the ecosystem. -Original

8. MoonPay obtains New York BitLicense, expands services nationwide

Crypto journalist Eleanor Terrett announced on social media that MoonPay has obtained the New York BitLicense, paving the way for the company to serve customers in all 50 states. It is reported that a few companies currently holding this license include Anchorage Digital, Coinbase, and Circle. Note from BlockBeats: BitLicense is a general term for a business license issued by the New York State Department of Financial Services (NYSDFS) for virtual currency activities under regulations designed for companies. -Original

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