According to CCTV, the Congressional Budget Office's "Monthly Budget Review for June 2026" shows that the total federal budget deficit for the first nine months of fiscal year 2026 is approximately $1.4 trillion, an increase of $35 billion from the same period in the previous fiscal year. During the same period, federal revenue was $4.2 trillion, an increase of $142 billion, or 4%; Expenditure was $5.5 trillion, an increase of $178 billion, or 3%.

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in July is 74.9%, and the probability of a cumulative 25 basis point rate hike is 25.1%; The probability of the Federal Reserve keeping interest rates unchanged until September is 35.7%, the probability of a cumulative increase of 25 basis points is 51.1%, and the probability of a cumulative increase of 50 basis points is 13.1%. AI interpretation: This data directly reflects the pricing logic of the market towards the Federal Reserve's monetary policy path. The probability of the current interest rate remaining unchanged dominates, clearly indicating that the market is cautious about policy shifts in the short term. The existence of interest rate hike expectations reveals that inflationary pressure remains the core factor constraining policy easing. This pricing structure reinforces the expectation that the high interest rate environment will last longer, directly suppressing the market's aggressive bets on recent interest rate cuts.

Edward McGee stepped down after seven years, weeks after distribution chief John Hoffman left for Ondo Finance.

The New Hampshire State Council voted 3-2 to reject a proposal worth $100 million for a Bitcoin backed municipal bond. （CoinDesk）

According to CoinDesk, Paul Grewal, Chief Legal Officer of Coinbase, will resign to the startup company and continue to serve as a consultant for Coinbase. Coinbase announced that Molly Abraham will lead the legal team as General Counsel, and Ryan Van Grack will serve as Vice Chairman. Molly Abraham has been serving as Vice President of Legal at Coinbase since March 2021.