💥💥💥 Summary of Notable News of the Day
🟢 The U.S. Court of Appeals reinstates President Trump's tariffs.
🟢 Treasury Secretary Bessent stated that trade talks with China have stalled and mentioned that there may be further exchanges with China in the near future.
🟢 The SEC drops the lawsuit against Binance. And the SEC also declared that staking crypto on networks using the POS mechanism is not related to securities.
🟢 Additionally, Binance publicly thanked President Trump and SEC Chairman Paul Atkins for their support against the SEC's use of enforcement measures for regulation.
🟢 President Trump just met with Fed Chairman Powell for the first time in his second term. Although Trump pressured for interest rate cuts, Powell did not discuss monetary policy. The meeting focused on three main goals: growth, employment, and inflation. Powell affirmed that all decisions will be based on data, objective, and not influenced by politics.
🟢 Hyperscale Data plans to purchase up to $10 million in $XRP by the end of 2025 to expand cryptocurrency-based financial services through its subsidiary Ault Capital Group.
🟢 DBS Bank, managing over $550 billion in assets, stated that Bitcoin mining could help stabilize the power grid and reduce emissions.
🟢 The TVL of Hyperliquid doubled in one month to $1.46 billion and is now the 10th largest blockchain by total value locked.
🟢 UK Reform Party leader Nigel Farage will introduce a bill on the Strategic Bitcoin Reserve.