Powell: Fed Lacks Legal Right to Buy Bitcoin
Federal Reserve Chairman Jerome Powell stated that the central bank does not possess the legal authority to purchase Bitcoin, nor is it seeking such a right.
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OpenAI Developing Document Collaboration Feature for ChatGPT, Foreign Media Reports
Foreign media outlet The Information reports that OpenAI is working on adding a document collaboration feature to its artificial intelligence chatbot, ChatGPT.
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US SEC Postpones Decision on 21Shares Spot Polkadot ETF
According to documents, the U.S. Securities and Exchange Commission (SEC) has announced the postponement of its decision regarding the approval of the 21Shares spot Polkadot (DOT) ETF.
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COIN stock up >9% (~$335). USDC issuer Circle stock dropped >6% after a Neutral rating & $205 target from Compass Point. Analysts cited concerns like decreasing USDC market share & revenue dependence on high rates.
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Grayscale has filed the latest S-1/A update for its proposed spot Solana ETF, the Grayscale Solana Trust ($SOL), with the SEC. The filing discloses a 2.5% management fee for the trust.
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Powell States US Dollar Will Remain Reserve Currency
Federal Reserve Chairman Jerome Powell addressed questions regarding the status of US debt as a safe-haven asset.
The US dollar will always exist as a reserve currency for a very long time in the future.
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Whale spotted accumulating HYPE token! Bought 104,475 HYPE (~$3.86M, avg $36.96) in last 4 hrs. Total 430,915 HYPE (~$15.86M) in 14 days. Source: Onchain Lens.
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Guotai Junan International gets Hong Kong SFC approval for virtual asset trading. This license upgrade allows comprehensive services including trading Bitcoin, Ethereum etc., and advice. The firm claims to be the first HK Chinese brokerage to offer such comprehensive virtual asset services.
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Iranian exchange Nobitex details phased recovery after security incident. Key dates: June 25 - re-verification starts; After June 28 - account access; From June 30 - trading/deposits/withdrawals enabled. Security is top priority.
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Big update from Fed Chair Powell: Stablecoin legislation "progressing," calling it "exciting." He sees no sign of labor market weakness, says the Fed can maintain its current stance while economy is strong, and higher rates offer flexibility for future cuts if needed.
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US Senators Lummis & Scott released guiding principles for digital asset market structure legislation. Key aims: clear definitions, SEC/CFTC regulatory split, modernizing rules, protecting innovation, fighting illicit finance, and encouraging responsible tech. Looks to shape future crypto laws.
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Update: Huobi HTX listed MYX/USDT & DMC/USDT perpetual contracts on June 24 (max 20x leverage). Trading event runs June 24-July 1 (UTC+8) with a $20K prize pool. Trade ≥ 10K USDT to share based on volume ranking. Exclusive benefits for new contract users!
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Powell: Banks Can Provide Services to the Cryptocurrency Industry
Federal Reserve Chair Jerome Powell stated that banks are permitted to provide banking services and conduct relevant business with the cryptocurrency industry, provided the safety and soundness of the financial system are ensured.
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Powell: No Reason to Cut Rates Due to Inflation Forecasts
Federal Reserve Chairman Jerome Powell stated that the reason for not currently cutting interest rates is that both internal and external economic forecasts predict a significant rise in inflation this year.
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ProCap Acquires 3,724 Bitcoin for $387 Million
According to a report by GNW, ProCap, a division of Pomp Investments, acquired 3,724 Bitcoin at a price of $103,780 per coin, totaling $386.5 million.
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Whale Deposits $5.21M USDC to HyperLiquid for Leveraged Long Positions
According to Onchain Lens, a whale deposited $5.21 million USDC to the HyperLiquid platform and for the first time opened long positions on ETH, SOL, and BTC with 20x leverage.
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Woah: ChatGPT iPhone downloads (~29.5M in 28 days, per Similarweb) are nearing the *combined* total of TikTok, Facebook, Instagram, & X (~32.8M)! ChatGPT downloads are almost matching the combined total of the 4 biggest social apps on the App Store.
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Fed Chairman Powell: US Economy Not Showing Recession Signs
Fed Chairman Jerome Powell stated that the United States is currently not in an economic recession. He noted that the Atlanta Fed's GDP model also does not indicate signs of a US economic downturn.
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🚀 NEW Trading Challenge on Binance! Trade NEWT & share up to 2M NEWT tokens. Join via new user, deposit, trading rewards & leaderboard. Max prize: 7000 NEWT. Event: June 24 - July 8, 2025. Rewards FCFS. Get full details on the Binance announcement!
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Chainlink and Mastercard partner! 🤝 Over 3 billion cardholders can now buy crypto directly on-chain. This partnership bridges traditional finance & crypto, leveraging Chainlink's protocol to connect fiat payments across multiple blockchains. A major step for adoption! #Chainlink #Mastercard #Crypto #Web3
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