[Hassett Says Fed May Cut Rates by 25 Basis Points at Next Meeting]
Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve might cut interest rates at its next meeting, with an expected reduction of about 25 basis points. He also mentioned that the Fed Chair should be someone who can respond to data.
[BlackRock Says Bitcoin ETF Has Become the Company's Primary Revenue Source]
BlackRock, which manages $13.5 trillion in assets, stated that Bitcoin ETF has become the company's primary revenue source.
MicroStrategy has established a cash reserve of $1.44 billion and stated that it may need to sell Bitcoin, prompting TD Cowen to lower its stock target price. （Decrypt）