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Shares of Nasdaq-listed beverage maker Safety Shot (SHOT) tumbled more than 50% on Monday after the company unveiled plans to allocate $25 million to Bonk (BONK), a Solana-based memecoin, as the centerpiece of its new corporate treasury strategy.
MARA Holdings Inc. is embarking on a strategic transformation by moving beyond cryptocurrency mining into artificial intelligence (AI) infrastructure.
Do Kwon, co-founder of Terraform Labs, is preparing to change his plea in the high-profile U.S. criminal case related to the 2022 collapse of the TerraUSD (UST) stablecoin that wiped out approximately $40 billion in investor value.
Jeff Bezos’s aerospace company, Blue Origin, has announced that customers can now pay for spaceflights using cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), as well as stablecoins USDT and USDC.
- 17:28Federal Reserve's Paulson: Supports two more rate cuts this year, each by 25 basis pointsAccording to ChainCatcher, citing Golden Ten Data, 2026 FOMC voting member and President of the Philadelphia Federal Reserve, Harker, indicated that she is inclined to support two more rate cuts this year, each by 25 basis points. She stated that monetary policy should disregard the impact of tariffs on consumer price increases when being formulated, and believes that current conditions do not support tariff-driven price rises evolving into persistent inflation. Harker said that last month's decision to cut rates by 25 basis points was "reasonable" and advocated for easing monetary policy in line with the Federal Reserve's Summary of Economic Projections.
- 17:20Fed's Powell supports two more rate cuts in 2025, each by 25 basis pointsJinse Finance reported that Anna Paulson of the Federal Reserve stated she supports two more rate cuts this year, each by 25 basis points. Paulson said that monetary policy should ignore the impact of tariffs on consumer price increases, as she believes there are no conditions for tariff-induced price hikes to evolve into sustained inflation. Paulson expects the economy to continue growing above trend in the third quarter, but she also pointed out that the foundation supporting economic growth is relatively narrow, and some business contacts are uncertain about where future demand will come from.
- 17:11Paulson: The neutral interest rate level remains unclear, rate cuts should be approached with cautionChainCatcher news, according to Golden Ten Data, Federal Reserve's Paulson stated that it is still unclear what the neutral interest rate level is, but advocates for caution in the pace of rate cuts.