Senator Cynthia Lummis says the US is closer than ever to having a working digital asset market structure and says now is not the time to back down.
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Fed's Hammack says Fed might have to take action soon if inflation doesn't slow down.
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President Trump says that William Pulte will serve as Acting Director of National Intelligence.
Pulte currently serves as director of the Federal Housing Finance Agency and chairman of Fannie Mae and Freddie Mac.
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The fourth round of negotiations between Israel and Lebanon has just begun in Washington.
@PoliticFinance๐ฅป
@PoliticFinance
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๐ฅ Franklin Templeton and MoonPay have partnered to connect BENJI to the broader onchain economy.
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๐ฎ๐ณ INDIA MAY HAVE SOLD $12 BILLION IN GOLD RESERVES
The Reserve Bank of India likely sold $12B gold while buying $7.5B of foreign-currency assets, per Bloomberg citing public data.
The move comes as higher oil prices and capital outflows put pressure on India's rupee.
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President Trump signs executive order on AI innovation and security.
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๐บ๐ธ S&P 500 surpasses $69 trillion market cap for the first time ever.
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๐ซ๐ท French public company Capital B $ALCPB is seeking its shareholders approval to raise up to $5.82 billion through issuing new shares.
And up to $116.4 billion for the issuance of credit instruments to buy more Bitcoin.
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๐บ๐ธ President Trump signs executive order to shut down bank accounts used to "enable illegal immigration."
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US stocks have never peaked in June according to historical data from 1950 to this year.
๐ช t.me/FinancialWorldUpdates
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Hyperliquid is emerging as Wall Street's go-to 24/7 trading venue for perpetual futures on everything from crude oil to pre-IPO giants, WSJ reports.
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๐บ๐ธ Bank of America appoints one of its top trading executives as "global head of digital asset transformation" to lead its crypto strategy.
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๐ฎ๐ณ RBI dismisses reports of gold sales, confirms gold reserves remain unchanged at 880.52 tonnes.
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Currencies have been in a perpetual bear market against gold since 1971, with the US dollar losing 99.24% of its value.
Over the same period, the British pound fell 99.57%.
The euro would have lost 99.08% if it had existed then.
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๐ฎ๐ณ INDIA IS SAID TO UNVEIL TAX CUTS, OTHER STEPS TO BOOST INFLOWS.
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Polymarket Faces Dispute Over Strategy Bitcoin Sale
Polymarket is in controversy over its $129.5 million market on whether Strategy sold Bitcoin before May ended.
On June 1, Strategy reported selling 32 BTC in the last week of May, but the market had closed with a "No" outcome earlier.
"Yes" contract holders dispute this, saying the sale was before the deadline.
The "No" side says confirmation came after closure.
The market description was updated post-closure to ignore late confirmations. The market is under final review as traders await Polymarket's decision.
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The European Commission unveiled a new tech sovereignty strategy aimed at reducing European Union dependence on foreign, especially American, technology providers.
At the center of the package is the proposed Cloud and AI Development Act, which would allow the Commission to assess whether countries are trustworthy enough to supply digital services for Europeโs sensitive public sectors.
The initiative includes plans to direct public funding toward European technologies, simplify regulations for data centers, expand investment in AI and semiconductor development, create a new โEurocloudโ cooperation forum, and require EU member states to adopt national strategies for advanced technologies.
The effort is intended to protect Europeโs ability to control critical technologies used in sectors such as healthcare, energy, and government services.
Under the proposal, EU governments would also be required to conduct โsovereignty risk assessmentsโ evaluating foreign control over digital services and potential risks to sensitive data and infrastructure.
๐ช t.me/FinancialWorldUpdates
At the center of the package is the proposed Cloud and AI Development Act, which would allow the Commission to assess whether countries are trustworthy enough to supply digital services for Europeโs sensitive public sectors.
The initiative includes plans to direct public funding toward European technologies, simplify regulations for data centers, expand investment in AI and semiconductor development, create a new โEurocloudโ cooperation forum, and require EU member states to adopt national strategies for advanced technologies.
The effort is intended to protect Europeโs ability to control critical technologies used in sectors such as healthcare, energy, and government services.
Under the proposal, EU governments would also be required to conduct โsovereignty risk assessmentsโ evaluating foreign control over digital services and potential risks to sensitive data and infrastructure.
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Latvia must end trade relations with Russia as an aggressive country, declared the country's new Prime Minister, Andris Kulbergs.
@PoliticFinance
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Artificial intelligence has burned through $1.4 trillion and may never pay off.
The investment-revenue gap hit nearly $1 trillion by May, surpassing Switzerlandโs annual GDP.
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