1. The number of initial jobless claims in the U.S. for the week ending June 7 is 248,000, expected 240,000
The number of initial jobless claims in the U.S. for the week ending June 7 is 248,000, expected 240,000, revised from the previous value of 247,000 to 248,000. The U.S. May PPI annual rate is 2.6%, expected 2.6%, revised from the previous value of 2.40% to 2.5%. The U.S. May PPI monthly rate is 0.1%, expected 0.20%, revised from the previous value of -0.50% to -0.2%.
2. The U.S. Senate passes a procedural motion on the (GENIUS Stablecoin Act) by a vote of 68 to 30
The U.S. Senate passes a procedural motion on the (GENIUS Stablecoin Act) by a vote of 68 to 30 (cloture), paving the way for a final vote, which could take place as soon as next Monday unless an agreement is reached between the parties to shorten the debate time. Previously, the Senate attempted to advance the bill in May but it was not passed, and about a week later it passed the procedural motion again by a vote of 66 to 32. The bill requires stablecoins to be fully backed by U.S. dollars or equivalent high-liquid assets and mandates annual audits for issuers with a market cap exceeding $50 billion.
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3. Japanese Prime Minister Shiro Abe plans to address the issue of North Korea stealing virtual currency at the G7 summit
Japanese Prime Minister Shiro Abe plans to mention North Korea's theft of crypto assets (virtual currency) and other malicious cyber activities at the G7 summit to be held in Canada from June 15 to 17, emphasizing the necessity for countries to work together to respond. North Korea is accused of using illegally obtained virtual currency through cyber attacks to fund the development of weapons of mass destruction, and Abe's move aims to cut off North Korea's funding sources through enhanced monitoring among countries. This may be the first time the issue of North Korea stealing virtual currency is mentioned at the G7 summit.
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4. Bloomberg: Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore
Ant Group's international business division is planning to apply for a stablecoin license in Singapore and Hong Kong. According to informed sources, Ant International, headquartered in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the (Stablecoins Ordinance) takes effect in August. In addition to Singapore, the company also plans to seek permission in Luxembourg. The move aims to strengthen the company’s blockchain business to support its cross-border payment and fund management services. They stated that Ant Financial processed over $1 trillion in global transactions last year, with one-third handled by its blockchain-based Whale platform.
5. Tencent is reportedly exploring a $15 billion acquisition of game developer Nexon
Chinese internet giant Tencent is reportedly exploring a $15 billion acquisition of game developer Nexon. Tencent has a long-standing partnership with Nexon, such as the domestic version of the game (Dungeon & Fighter) being operated by Tencent. Nexon has invested in Web3 projects including MapleStory Universe, Oasys, and CCP Games.
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