PPI inflation rate rises to 6.5% in May, reaching a new high since November 2022

[The Federal Reserve Board Releases Final Rule on Financial Regulatory Data Standards] The Federal Reserve Board on Thursday released a final rule establishing data standards for information submitted to financial regulatory agencies. The standards, approved by The Federal Reserve Board and other federal financial regulatory agencies, aim to enhance the interoperability of financial regulatory data across agencies by establishing standards for legal entity identifiers and other data elements. The final rule is based on the proposal from August 2024 and has been adjusted according to public feedback, as part of the implementation of the Financial Data Transparency Act of 2022.

According to Reuters, Polish President Karol Nawlocki announced on Thursday his third veto of a bill aimed at regulating cryptocurrencies and enforcing EU regulations, citing the bill's failure to accommodate Karol Nawlocki's opposition. Polish lawmakers passed the bill in May to enforce EU regulations on the cryptocurrency market. Karol Nawlocki supports regulating the industry and protecting consumers, but the government ignored the proposal prepared by Karol Nawlocki's office.

According to Whale Alert, the USDC Treasury destroyed 15869492.4 million USDCs on Ethereum, worth approximately $159 million.

Ripple and Bitso launch peso stablecoins on XRP Ledger to increase regulated Mexican peso liquidity and combine with RLUSD, aiming to facilitate cross-border payments between the United States and Mexico. （CoinDesk）

New legislation from a bipartisan duo would set up a multi-agency group under the U.S. attorney general to take a lead on cryptocurrency theft cases. What to know : A new bill in the U.S. House of Representatives would stand up a federal task force that would be ready to coordinate and lead crypto theft investigations. The legislation — enlisting the involvement of several relevant federal agencies, including the FBI, DOJ, Treasury and Homeland Security — was introduced with bipartisan sponsorship, though it's potential path as a viable effort isn't yet clear.