1. White House officials reveal that the U.S. government plans to accumulate Bitcoin

2. Trump calls Federal Reserve Chairman Powell "very stupid"

3. Powell: Significant progress made on stablecoin framework

Federal Reserve Chairman Powell: Significant progress has been made towards the stablecoin framework. He also stated that future trade agreements may allow the Federal Reserve to consider interest rate cuts. -Original

4. SEC commissioner admits mishandling of Bitcoin ETF

5. Barclays Bank announces ban on credit card purchases of cryptocurrencies

Barclays Bank stated that due to "certain risks" associated with purchasing cryptocurrencies, it will prohibit cryptocurrency transactions on Barclays cards starting June 27. -Original

6. Tether plans to establish a $1 billion crypto reserve fund

Former private equity giant Blackstone's dealmaker is teaming up with Tether co-founder to establish a publicly listed crypto fund with a scale of $1 billion, aimed at building a diversified digital asset portfolio. According to insiders, the fund is raising capital through a SPAC (Special Purpose Acquisition Company) supported by both parties, M3-Brigade Acquisition V Corp., and plans to allocate various crypto assets including Bitcoin, Ethereum, and Solana. Due to the confidentiality of negotiations, these individuals requested anonymity. The fundraising is still ongoing, and specific details, including the $1 billion target, may still be adjusted. -Original

7. BitGo's custody of crypto assets surpasses $100 billion

U.S. cryptocurrency custody company BitGo saw its custody of crypto assets jump from $60 billion to $100 billion in the first half of this year. Abel Seow, Managing Director for Asia Pacific, stated that this growth is attributed to the increased global adoption of cryptocurrencies and the clarification of the regulatory environment. Currently, half of the assets BitGo holds are related to cryptocurrency staking. BitGo also plans to seek an initial public offering (IPO) in the second half of this year. -Original

8. U.S. Secretary of Commerce calls for the Federal Reserve to cut interest rates quickly to promote economic development

U.S. Secretary of Commerce Howard Lutnick posted on X that Federal Reserve Chairman Powell stated during his testimony in Congress that although tariffs may push up inflation, there has been no related price increase in the past two and a half months, and the overall inflation situation is relatively positive. Lutnick pointed out that the U.S. currently collects over $30 billion in tariff revenue each month, which helps reduce the deficit. He urged the Federal Reserve to cut interest rates quickly to lower borrowing costs and promote economic development. -Original

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