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17:26
U.S. Treasury Secretary Reveals Strategic Bitcoin Reserve Plan Progressing at Deliberate Speed
On June 4, U.S. Treasury Secretary Janet Yellen revealed during a Senate Finance Committee hearing that the Treasury is advancing its strategic Bitcoin reserve plan at "deliberate speed." This reserve is driven by a previous executive order from Trump, primarily utilizing Bitcoin obtained through criminal or civil forfeiture as a funding source. Yellen acknowledged that the process is complex but emphasized that best practices will be employed to ensure long-term stability. In April, the White House digital assets advisory team indicated that a significant announcement was forthcoming, but no further progress has been reported to date.
17:25
The Federal Reserve reverse repo operation accepts $2.062 billion.
The Federal Reserve accepted 2.062 billion US dollars from 35 counterparties in its fixed-rate reverse repurchase operations.
17:21
Night Session Futures Close
International copper futures closed down 1.05% in the night session, alumina futures closed down 0.07%, and aluminum alloy futures closed down 1.07%. Stainless steel futures closed down 1.89% in the night session.
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