People's Bank of China Governor Pan Gongsheng:
Reduce the reserve requirement ratio by 0.5 percentage points;
Lower the structural monetary interest rate by 0.25 percentage points;
Phased reduction of the reserve requirement ratio for auto finance companies and financial leasing companies from the current 5% to 0%;
Reduce the personal housing provident fund loan interest rate by 0.25 percentage points;
Lower the policy interest rate by 0.1 percentage points!
2 New Hampshire becomes the first state in the U.S. to pass legislation for a 'Strategic Bitcoin Reserve'
According to a statement released by the Satoshi Action Fund, New Hampshire has officially signed HB 302, becoming the first state in the U.S. to pass legislation for a 'Strategic Bitcoin Reserve' (SBR).
The law authorizes the state treasurer to purchase Bitcoin or digital assets with a market value exceeding $500 billion, setting a holding cap of 5% of total reserve funds. Reserve assets must be held in a compliant multi-signature mechanism or exchange products regulated in the U.S., ensuring transparency and security. The law will take effect 60 days after its passage.