💥 Summary of Prominent News of the Day
👉 President Trump stated: “I like China’s President Xi Jinping… but he is very tough and extremely difficult to make a deal with.” This statement shows that Trump still maintains a respectful yet cautious attitude towards China amid trade tensions ahead of this weekend's negotiations.
👉 President Trump criticized FED Chairman Powell after the ADP employment figures for May showed a weak increase. He urged Powell to lower interest rates immediately, claiming that he is already too late, as Europe has cut rates 9 times already.
👉 The Moscow Stock Exchange in Russia launched futures contract trading #Bitcoin .
👉 The asset management bank worth $3.6 trillion, JPMorgan, will accept Bitcoin and cryptocurrency ETF funds as collateral for loans.
👉 The Chinese company Webus filed with the U.S. SEC to raise $300 million for its plan to accumulate XRP and integrate Ripple payments.
👉 The exchange Bybit announced a major security overhaul after the $1.4 billion hack last February, including 50 new measures, 9 audits, and cold wallet upgrades to prevent future breaches.
👉 Shares of K-Pop media company K Wave (listed on Nasdaq) surged 130% after announcing a strategy to buy Bitcoin to become the “MicroStrategy of Korea.”