U.S. Treasury Secretary Bessent stated that the Federal Reserve should consider cutting interest rates by 50 basis points in September and hopes to complete the confirmation of board seats before the meeting, looking for candidates who can restructure the Federal Reserve. If the data is accurate, the Federal Reserve may even cut rates as early as June. Supported by macroeconomic benefits, the Nasdaq and S&P 500 indices reached new highs. Meanwhile, Paradigm co-founder Matt Huang officially took on the role of the first CEO of Stripe's blockchain project Tempo, highlighting the increasingly evident trend of integration between finance and cryptocurrency.