1. U.S. Treasury Secretary suggests the Federal Reserve consider interest rate cuts
U.S. Treasury Secretary Yellen stated that the yield on two-year Treasury bonds is lower than that of ten-year bonds, indicating that the Federal Reserve should consider cutting interest rates. She also mentioned that we expect GDP data to be revised. -Original text
2. NexusOne influences U.S. AI policy
A new government relations consulting firm composed of former government officials—NexusOne Consulting—has begun operations in Washington, D.C., aiming to help cryptocurrency and artificial intelligence companies shape U.S. policy. The company is led by white-collar defense attorney Jeff Ifrah, former government lawyer Jim Trusty, who represented the Trump administration, and Ross Branson, who served at the Department of Commerce during Trump's first presidential term. In a press release, Ifrah stated that this is a rare opportunity to shape the future of technology policy, and the company aims to ensure that innovators are not only passively responding to policies but can actively influence them. Trump has expressed a desire to make the U.S. the 'world's cryptocurrency capital' and has begun establishing a strategic Bitcoin reserve. NexusOne Consulting is located directly across from the White House and positions itself as a bridge between the private sector and the government, planning to lobby for companies exploring the forefront of artificial intelligence, cryptocurrency, and social platforms. -Original text
3. North Carolina Senate bill supports Bitcoin reserve
4. SEC drops investigation into PayPal stablecoin
The U.S. Securities and Exchange Commission issued a subpoena to PayPal regarding its dollar-backed stablecoin at the end of 2023. -Original text
5. Morgan Stanley offers crypto trading services
6. Classover signs equity agreement to support SOL strategy
Online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ, KIDZW) announced that it has entered into an equity subscription agreement with Solana Strategies Holdings LLC. Under this agreement, the company will sell up to $400 million of Class B common stock. The proceeds from this equity subscription will be used to support the company's Solana-centered digital asset reserve strategy, as well as for working capital and strategic acquisitions. Under this initiative, Classover will allocate a significant portion of the funds received from selling any stock under this agreement to purchase, hold long-term, and stake SOL tokens—making it one of the first publicly listed companies to directly incorporate SOL into its core reserve business. Additionally, the company plans to operate SOL validation nodes to support the decentralization and security of the network while earning on-chain staking rewards. -Original text
7. Cosmos attracts institutional investor attention
Cosmos-based projects gain institutional attention, BlackRock CEO emphasizes tokenization revolution -Original text
8. Kraken launches regulated crypto trading service
Cryptocurrency exchange Kraken has launched a crypto-as-a-service product, Kraken Embed, enabling financial institutions to offer digital asset trading services to clients without building their own trading systems. The product supports over 370 digital assets, with European digital bank bunq as the first integration partner. Brett McLain, Head of Payments and Blockchain at Kraken, stated that this solution can help financial institutions comply with regulations to conduct crypto business within weeks while avoiding the complexities of operating their own exchanges. The service currently meets the requirements of regulatory frameworks such as the EU's MiCA, with more partners expected to join. -Original text
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