Trump: Bitcoin and Cryptocurrencies Reduce Pressure on the US Dollar
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US President Trump has stated that Bitcoin and cryptocurrencies can alleviate the pressure on the US dollar, implying their potential impact on the US dollar. This statement has attracted market attention. Source: (Bitcoin Archive)
YZi Labs Management announced an agreement with CEA Industries to jointly search for an independent director with experience in digital assets, capital markets, and public company governance. David Namdar will continue to serve as CEO during the transition period, and YZi Labs will terminate the shareholder consent solicitation and withdraw the requirement to access accounting records. （Globenewswire）
US Treasury Secretary Scott Besant stated at the New York Economic Club that a strong dollar does not refer to the Bloomberg Dollar Index, but rather to laying the foundation through taxation, regulation, and energy certainty. Scott Besant believes that a strong US dollar is not contradictory to a strong manufacturing industry, and claims that fluctuations in the US dollar exchange rate are only price fluctuations on the screen.
Lindsay Rosner, head of diversified industry investments at Goldman Sachs Asset and Wealth Management, stated that the probability of the Federal Reserve raising interest rates in July is 50%, with personal consumption expenditure reports being a key factor and the wealth effect of rising stock prices being the reason for the rate hike. Goldman Sachs has postponed the expected rate cut to the end of 2027.
Ric Edelman stated that if cryptocurrency backed PACs continue to push candidates who support cryptocurrency into the US Congress, the growth momentum of cryptocurrency will continue. （CoinDesk）
Slow Mist founder Cosine pointed out that the Cardano ecosystem project SecondFi suffered user losses exceeding $20 million due to a security incident, involving over 129 million ADA and other tokens.
