Bitcoin ETF outflows 100000 BTC

Bitcoin News reported that BlackRock IBIT's BTC holdings have decreased by nearly 100000 in less than two months, from a peak of 822736 on May 6th to the current 734261.

Brian Armstrong said that the U.S. Constitution lacks a ceiling on government spending growth and a monetary requirement for hard assets to support it, resulting in a US debt scale of $39 trillion and an increase of $1 trillion every 100 days. The existing mechanism cannot stop the trend of interest spending exceeding the defense budget. Politicians are elected by promising welfare benefits, but incentive structures fail. Solutions include drafting new constitutions on Mars, special economic zones, or cyberspace, adjusting incentive mechanisms through amendments, or using AI, robotics, and cryptocurrency to achieve ultra-high economic growth.

Robinhood launches the Layer 2 blockchain Robinhood Chain public mainnet, enabling tokenized stock trading to be launched in over 120 countries, and launches the decentralized lending product Robinhood Earn, which offers a yield of approximately 7% based on USDG.

Robinhood's product push continues to blur the line between crypto and more traditional finance.

Gate CEO Dr. Han stated that MiCA will transform the European cryptocurrency market from 27 independent regulatory systems to a unified licensing framework, and shift the core issue from legality to competitive advantage. （Cointelegraph）