El Salvador has passed a new Investment Banking Law that allows private investment banks to provide legal tender, foreign currency, and cryptocurrency services to "mature investors". Banks holding a Digital Asset Service Provider (PSAD) license can hold digital assets such as Bitcoin on their balance sheets and choose to operate entirely in the form of Bitcoin banks.

The current price of ETH is $4262.07, with a 5.34% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.4 million US dollars, with the main liquidation being short orders and ETH liquidation being 5.48 million US dollars (52.75%). The data is for reference only.

OKX-ETH/USDT is currently trading at $4253.70, with a 5-minute increase of 0.39%. Please be aware of market fluctuations.

XRP remains below the critical $3.65 level, where a bearish pattern previously emerged, as on-chain data shows potential for profit taking by holders.

According to a report by Golden Finance, regarding inflation, Federal Reserve Governor Bauman stated that core personal consumption expenditure inflation seems to be moving closer to the 2% target than the data shows. He believes that ignoring temporarily high inflation is an appropriate approach. The risk of upward inflation has been reduced, and there is more confidence that tariffs will not lead to sustained inflation. Bauman believes that the sharp slowdown in employment growth may be due to a significant weakness in labor demand. Bauman stated that relaxing regulations, reducing taxes, and creating an environment conducive to business development may offset the impact of tariff related factors on economic activity and prices. In addition, he supports three interest rate cuts this year. (Zhitong Finance)