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On May 31, Republican fintech entrepreneur Michael Carbonara sold 10 bitcoins for $800,000 to finance his congressional campaign, demonstrating his support for cryptocurrency in this critical battle as the electoral landscape shifts. Beyond the election, Carbonara believes that blockchain can help the government enhance the transparency of taxpayer fund usage. (Decrypt)

[Republican Entrepreneur Michael Carbonara Sells 10 Bitcoins to Fund Congressional Campaign]On May 31, Republican fintech entrepreneur Michael Carbonara sold 10 bitcoins for $800,000 to finance his congressional campaign, demonstrating his support for cryptocurrency in this critical battle as the electoral landscape shifts. Beyond the election, Carbonara believes that blockchain can help the government enhance the transparency of taxpayer fund usage. (Decrypt)

Republican Entrepreneur Michael Carbonara Sells 10 Bitcoins to Fund Congressional Campaign

On May 31, White House National Economic Council Director Hassett stated on Sunday that the media's reporting on economic news often leads people to overly focus on the most severe issues present at a specific moment. Speaking on ABC's "This Week," Hassett remarked, "One thing I've noticed at the White House is that whenever a particular consumer price data appears somewhat disappointing, we only talk about that one item." He made this statement in response to questions about gasoline prices and their impact on inflation. Hassett emphasized that everyone should look at the bigger picture, rather than just focusing on energy prices or a specific sector of the economy that is temporarily struggling. "What you should do is calmly view these ups and downs and pay attention to changes in real wages," he said. "If you look closely, you'll find that due to an increase in employment, a rising stock market, and substantial corporate profits, this is translating into higher wage levels."

[White House Economic Director Urges Public to View Economic Data Fluctuations Rationally]On May 31, White House National Economic Council Director Hassett stated on Sunday that the media's reporting on economic news often leads people to overly focus on the most severe issues present at a specific moment. Speaking on ABC's "This Week," Hassett remarked, "One thing I've noticed at the White House is that whenever a particular consumer price data appears somewhat disappointing, we only talk about that one item." He made this statement in response to questions about gasoline prices and their impact on inflation. Hassett emphasized that everyone should look at the bigger picture, rather than just focusing on energy prices or a specific sector of the economy that is temporarily struggling. "What you should do is calmly view these ups and downs and pay attention to changes in real wages," he said. "If you look closely, you'll find that due to an increase in employment, a rising stock market, and substantial corporate profits, this is translating into higher wage levels."

White House Economic Director Urges Public to View Economic Data Fluctuations Rationally

On May 31, according to the Iranian Students' News Agency: Khosari, a member of the National Security and Foreign Policy Committee of Iran, stated that the current focus of negotiations is on completely ending the war. The nuclear issue has been excluded from the negotiation table. Negotiations are still ongoing, but no final agreement has been reached yet.

[Iranian Lawmaker: Nuclear Issue Not on Negotiation Agenda, Focus on Ending War]On May 31, according to the Iranian Students' News Agency: Khosari, a member of the National Security and Foreign Policy Committee of Iran, stated that the current focus of negotiations is on completely ending the war. The nuclear issue has been excluded from the negotiation table. Negotiations are still ongoing, but no final agreement has been reached yet.

Iranian Lawmaker: Nuclear Issue Not on Negotiation Agenda, Focus on Ending War

On May 31, Strategy founder Michael Saylor released information related to the Bitcoin Tracker once again. Following previous patterns, Strategy typically discloses information about increased Bitcoin holdings the day after such announcements.

[Michael Saylor Releases Bitcoin Tracker Information Again, Possibly Indicating Increased BTC Holdings]On May 31, Strategy founder Michael Saylor released information related to the Bitcoin Tracker once again. Following previous patterns, Strategy typically discloses information about increased Bitcoin holdings the day after such announcements.

Michael Saylor Releases Bitcoin Tracker Information Again, Possibly Indicating Increased BTC Holdings

On May 31, on-chain analyst Ai Yi reported that the address (0xc72...0517c) opened short positions on BTC, ETH, and HYPE in mid-November last year. Currently, the short positions for BTC and ETH are valued at $7.321 million, yielding a profit of $2.5 million; the short position for HYPE is valued at $1.7 million, resulting in a loss of $1.029 million. After deductions, the overall floating profit for the account stands at $1.471 million.

[Address Shorts BTC and ETH with $2.5 Million Profit, Faces $1.029 Million Loss on HYPE]On May 31, on-chain analyst Ai Yi reported that the address (0xc72...0517c) opened short positions on BTC, ETH, and HYPE in mid-November last year. Currently, the short positions for BTC and ETH are valued at $7.321 million, yielding a profit of $2.5 million; the short position for HYPE is valued at $1.7 million, resulting in a loss of $1.029 million. After deductions, the overall floating profit for the account stands at $1.471 million.

Address Shorts BTC and ETH with $2.5 Million Profit, Faces $1.029 Million Loss on HYPE

On May 31, Federal Reserve Governor Waller stated that the global adoption of stablecoins could amplify the influence of the U.S. central bank's policies. 'For countries adopting stablecoins, it's akin to a fixed exchange rate system,' Waller remarked during an event in Dubrovnik, Croatia, on Sunday. 'You will be inputting the cost of U.S. currency, thus, in countries where stablecoins are more widely used, it effectively expands the reach of U.S. monetary policy.'

[Fed Governor Waller: Stablecoins Will Expand the Impact of U.S. Monetary Policy]On May 31, Federal Reserve Governor Waller stated that the global adoption of stablecoins could amplify the influence of the U.S. central bank's policies. 'For countries adopting stablecoins, it's akin to a fixed exchange rate system,' Waller remarked during an event in Dubrovnik, Croatia, on Sunday. 'You will be inputting the cost of U.S. currency, thus, in countries where stablecoins are more widely used, it effectively expands the reach of U.S. monetary policy.'

Fed Governor Waller: Stablecoins Will Expand the Impact of U.S. Monetary Policy

On May 31, Argentine authorities arrested 24 individuals in a nationwide crackdown on suspected investment fraud and seized over $50 million in cryptocurrency assets.

[Argentine Authorities Arrest 24 and Seize Over $50 Million in Crypto Assets]On May 31, Argentine authorities arrested 24 individuals in a nationwide crackdown on suspected investment fraud and seized over $50 million in cryptocurrency assets.

Argentine Authorities Arrest 24 and Seize Over $50 Million in Crypto Assets

On May 31, according to Iran's Tasnim News Agency, discussions between Iran and the United States regarding a potential memorandum of understanding draft are still ongoing. Both sides are taking turns to propose amendments, and no agreement has been finalized yet.

[Iran and US Continue Discussions on Potential Memorandum of Understanding Draft]On May 31, according to Iran's Tasnim News Agency, discussions between Iran and the United States regarding a potential memorandum of understanding draft are still ongoing. Both sides are taking turns to propose amendments, and no agreement has been finalized yet.

Iran and US Continue Discussions on Potential Memorandum of Understanding Draft

According to Cointelegraph, Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of broader reforms to the payments regulatory framework in the country. On Dec.8 the official site of the Reserve Bank of Australia published a report on stablecoins, assessing their recent developments, risks and regulatory prospects. Despite the high attention given to risks, in particular, the report is quite optimistic in acknowledging that “stablecoins have the potential to enhance the efficiency and functionality of a range of payment and other financial services.” According to the report, the Australian regulators “are undertaking significant work” to figure out how to implement stablecoins into the national payment ecosystem without exposing it to excessive risks. The report reiterates that developing a framework for payment stablecoins is a priority in the near term for the Council of Financial Regulators (CFR), “given the potential for these arrangements to become widely used as a means of payment and a store of value.”

Detail

【Stablecoin framework is a near-term priority for Aussie regulators】According to Cointelegraph, Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of broader reforms to the payments regulatory framework in the country. On Dec.8 the official site of the Reserve Bank of Australia published a report on stablecoins, assessing their recent developments, risks and regulatory prospects. Despite the high attention given to risks, in particular, the report is quite optimistic in acknowledging that “stablecoins have the potential to enhance the efficiency and functionality of a range of payment and other financial services.” According to the report, the Australian regulators “are undertaking significant work” to figure out how to implement stablecoins into the national payment ecosystem without exposing it to excessive risks. The report reiterates that developing a framework for payment stablecoins is a priority in the near term for the Council of Financial Regulators (CFR), “given the potential for these arrangements to become widely used as a means of payment and a store of value.”

Stablecoin framework is a near-term priority for Aussie regulators

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Stablecoin framework is a near-term priority for Aussie regulators

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