);)
According to China Central Television (CCTV), during the call between the US and Chinese presidents, President Xi Jinping mentioned that following the US side's proposal, the economic and trade talks between the two countries were held in Geneva, Switzerland, and they took an important first step through dialogue and negotiation. President Xi stated, "Through the negotiations established in this meeting, both countries should maintain an equal attitude and pursue mutual benefits. China also has sincerity and principles in this regard."
2. Trump Media Technology to Launch Bitcoin ETF
Trump Media Technology Group announced plans to launch a 'Truth Social BTC ETF' that directly holds Bitcoin. This ETF will be offered to investors as a product reflecting Bitcoin price changes. According to documents submitted to the US SEC, Crypto.com will serve as the Bitcoin custodian and primary executing agent for this ETF.
It was revealed that Trump Media Technology Group recently raised $2.5 billion from institutional investors to purchase Bitcoin and is building a vault for this purpose. CEO Devin Nunes stated, "We see Bitcoin as the ultimate tool of financial freedom and will make cryptocurrency an important part of our assets."
3. Willy Woo: "Coin Bull Market's Secret Lies in Liquidity Through Purchases, Not Macroeconomics"
Crypto asset analyst Willy Woo posted on X channel that the true secret of Bitcoin's bull market is not influenced by global macroeconomics, but moves through the market's own purchasing power. He noted that the coin market generally performs well when external influences are minimal and on-chain impacts are significant.
4. New Fed Supervision Vice Chair Michelle Bowman Expected to Lead Crypto Asset Supervision Policy
The US Senate today approved the promotion of Federal Reserve Board member Michelle Bowman to Vice Chair of Supervision. The new Vice Chair will have leading authority in areas such as banks' entry into crypto assets and stablecoin issuance. The Vice Chair of Supervision is a newly created position focused on supervisory duties, distinct from the Fed's well-known monetary policy management work since the 2008 global financial crisis.
Choi Joo-hoon joohoon@blockstreet.co.kr
