JUST IN: 🇺🇸 Crypto Czar David Sacks says the 'Genius Act' stablecoin bill "enhances consumer protection and extends US dollar dominance."
JUST IN: 🇺🇸 Crypto Czar David Sacks says the 'Genius Act' stablecoin bill "enhances consumer protection and extends US dollar dominance."
On June 18th, according to CoinDesk, BitMEX co-founder Arthur Hayes stated that "the US Treasury, not the Federal Reserve, is the key institution driving global liquidity and the future of Bitcoin. Powell, the chairman of the Federal Reserve, is just a supporting role. The real protagonist is the Treasury Department. "
Pan Gongsheng, President of the People's Bank of China, said at the 2025 Lujiazui Forum today that in theory, SDR can better overcome the inherent problems of a single sovereign currency as an international dominant currency, and has stronger stability. It can better assume the function of global public goods, regulate global liquidity and implement crisis relief, and has the characteristics of becoming a super sovereign international currency. At the operational level, it is necessary to optimize the mechanism arrangement and gradually expand the use of SDR. In terms of allocation and issuance mechanism, the IMF currently allocates SDRs mainly for crisis response, often adopting a one-time large-scale issuance approach. In the future, regular SDR issuance can be increased and the issuance scale can be expanded. In recent years, the problems faced by traditional cross-border payment systems have gradually become prominent. The global call for improving the cross-border payment system is constantly rising, with emerging payment infrastructure and settlement methods emerging, driving the global cross-border payment system towards a more efficient, secure, inclusive, and diverse direction. This trend will continue to strengthen in the future. After more than ten years of construction and development, China has initially established a multi-channel and widely covered RMB cross-border payment settlement network.
A senior executive of Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) said on Tuesday that the bank recommends wealthy clients invest up to 7% of their investment portfolios in cryptocurrencies. This is another sign that some banks are gradually accepting this field that has long been avoided by mainstream finance due to risk issues. Philippe Meyer, Head of Digital and Blockchain Solutions at BBVA Switzerland, stated at the DigiAssets conference in London that BBVA Private Banking recommends that clients invest 3% to 7% of their investment portfolio in cryptocurrencies based on their risk preferences.
In the early days of Binance, designers often tried to "improve" the logo. After I tattoo'ed the logo on my arm, those iterations magically stopped. Always the simple 2D logo, with an active color.
Glassnode tweeted that in the past week, the net increase in ETH holdings in Whale accounts has exceeded 800000 per day, driving the total holdings of wallets with 1000 to 10000 ETH to over 14.3 million. On June 12th alone, Ethereum Whales increased their net holdings by over 871000 ETH, marking the largest single day net inflow this year. Such a large-scale purchase is the first time since 2017. (Foresight News)