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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 22:28Fintech firm Revolut seeks $1 billion in new fundingAccording to Jinse Finance, fintech company Revolut is in talks to raise $1 billion in new capital at a valuation of $65 billion. Greenoaks, a US investment firm known for backing high-growth tech companies such as a certain exchange and Stripe, is currently in discussions to lead this funding round, though the final terms have not yet been determined.
- 22:14There is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in JulyAccording to CME "FedWatch" reported by Jinse Finance: there is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 6.7% probability of a 25 basis point rate cut. For September, there is a 31.1% probability that rates will remain unchanged, a 64.4% probability of a cumulative 25 basis point rate cut, and a 4.5% probability of a cumulative 50 basis point rate cut.
- 21:32Head of SEC Crypto Unit: Stock Tokenization Remains Under Securities RegulationAccording to a report by Jinse Finance, Hester Peirce, head of the U.S. Securities and Exchange Commission (SEC) Crypto Special Unit and Commissioner, stated that tokenizing stocks and other assets does not change their fundamental nature and they must still comply with federal securities laws. Although Peirce has long supported crypto innovation, she emphasized that relevant market participants must strictly fulfill their regulatory obligations. This statement responds to calls from some industry insiders who hope to freely trade stocks and other assets on the blockchain, and serves as a reminder that digitalized assets are equally subject to regulatory frameworks.