💥 Summary of Today's Notable News
🟢 Trump Media officially signs a deal worth $2.32 billion to purchase #Bitcoin and hold it as a reserve asset.
🟢 U.S. Vice President JD Vance stated that cryptocurrency is a modern trading tool and a store of value in the digital age, affirming that Bitcoin is safe, fraud-resistant, and a reliable place to store digital assets.
🟢 SharpLink Gaming raises $1 billion to acquire #Ethereum
🟢 JPMorgan says Ethereum upgrades have not increased activity on the network
🟢 Stripe is in preliminary talks with banks to use stablecoins for global payments
🟢 A state-backed research institute in China claims that Bitcoin "deserves to be monitored" as a reserve asset amid concerns over the dominance of the USD.
🟢 FTX has started the second round of payments to creditors. Over $2 billion in distributions began on May 30 through Kraken and BitGo. More payment rounds are expected to be announced soon.
🟢 Senator Bill Haggerty claims the GENIUS Act will bring "the U.S. payment system into the 21st century."
🟢 PCE Inflation: 2.1% - Forecast: 2.2% - Previous: 2.3%
🟢 Core PCE Inflation: 2.5% - Forecast: 2.6% - Previous: 2.6%