Cambrian completes $6 million seed round financing led by Franklin Templeton and Polychain Capital

The spot gold price has exceeded $4000 per ounce, with a daily increase of 0.43%.

Michael Saylor predicts that the capital flowing towards AI giants such as OpenAI, Anthropic, and SpaceX will eventually flow back to Bitcoin, supporting the recovery of BTC. （Cointelegraph）

According to Shanghai Securities News, the US dollar index has risen in consecutive days, breaking through the key levels of 100 and 101. International oil prices have fluctuated and fallen, and the foreign exchange market continues to price the hawkish policy expectations of the Federal Reserve, driving the US dollar index to fluctuate upwards.

According to The Block, the 7-day moving average daily revenue of Bitcoin is about $30 million, lower than last summer's $50 million, and the daily contribution of transaction fees is less than $250000. The price of Bitcoin is approximately $62500, which is lower than JPMorgan's estimated production cost of $78000. This state has been ongoing for five months. Currently, about 20% of miners are in a loss making state, and the difficulty of Bitcoin mining decreased by 10% in the second week of June.

The US House Financial Services Committee held a hearing on Wednesday to discuss the Federal Reserve's plan to streamline its main accounts and evaluate whether to allow cryptocurrency and fintech companies limited direct access to the Federal Reserve's payment system. Republican Congressman Dan Muse stated that the core issue with accessing payment systems lies in the scope of access institutions. Traditional institutions are concerned about security risks, and the cryptocurrency industry supports the proposal. In May of this year, US President Trump signed an executive order requiring the Federal Reserve to evaluate its policy of opening up payment tracks to fintech and cryptocurrency companies. The Kansas City Fed approved Payward's acquisition of a limited purpose account in March, and Anchorage Digital representatives advocated for a regulatory framework that allows for innovation during the hearing.