President Trump: On my way to the Crypto dinner party in Lou | Simple C on Binance Square

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President Trump: On my way to the Crypto dinner party in Loudoun County, Virginia. The United States is DOMINATING in the field of Crypto, Bitcoin, etc... and we’re going to keep it that way!

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🇯🇵 Japan's inflation hits 3.6% Core inflation in Japan rises to 3.5%, the highest level in over two years. Yields on Japanese government bonds may need to increase to attract investors.

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The decentralized exchange Cetus on the Sui blockchain has suffered a major exploit, with estimated losses ranging from $220 million to $230 million. According to Sui’s CPO, @EmanAbio, around $150–160 million of the stolen assets have been frozen and will soon be returned to Cetus pools. The root cause has been initially identified as a vulnerability in a smart contract. On-chain data from security firm Hacken shows that at least $63 million has been bridged to Ethereum, including a major transaction involving 20,000 ETH. Cetus’ trading volume unexpectedly surged to $2.9 billion on May 22, likely due to the hacker rapidly draining assets. The Sui ecosystem has been hit hard, with many tokens plummeting over 75%—some, like AXOL, crashing nearly 99.5%. Lending protocol Scallop has temporarily halted all borrowing activities to manage risk. Cetus has paused its smart contracts and is currently working with relevant parties to investigate the incident.

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FIFA is set to launch its own layer-1 blockchain called FIFA Blockchain, built using Avalanche technology, following the recent major Avalanche9000 upgrade. This marks FIFA’s second foray into the blockchain space, after releasing an NFT collection on the Algorand platform during the 2022 World Cup.

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Federal Reserve Governor Christopher Waller emphasized that he still believes tariffs will only cause a one-time price increase, adding, according to Reuters, that “the Fed’s standard playbook is to look through one-time price effects”: Governor Christopher Waller: – “Markets are closely watching fiscal policy and there are significant concerns.” – “Markets are expecting greater fiscal discipline.” – “The Fed will not purchase bonds in primary auctions.” – “Hard data shows the economy is performing fairly well, with no clear impact from tariffs yet.” – “If tariffs stay around 10%, the economy should be fine in the second half of the year.” – “If tariffs stabilize, the Fed could be in a position to cut rates later this year.” – “I’m much more optimistic now than I was a month ago regarding the tariff issue.” – “I’m hopeful the current administration is on the right path.” – “Businesses are pausing plans, but not canceling them.” – “We’re not seeing strong signs that tariffs will lead to persistent inflation.”

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BlackRock currently manages 1,131 investment funds. Just 15 months after its launch, BlackRock’s Bitcoin ETF (IBIT) has risen to become the 8th largest fund in its entire portfolio.

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