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21:01
White House to Hold Emergency Cryptocurrency Meeting: DetailsAccording to CoinWorld, the White House is holding an emergency summit to break the deadlock in the Senate over the Digital Asset Market CLARITY Act. The main point of contention is the bill's proposal to prohibit crypto platforms from paying stablecoin yields. Traditional banks are lobbying in support of this ban, warning that it could lead to an outflow of funds from savings accounts, while the cryptocurrency industry argues that such yields are crucial. A certain exchange recently withdrew its support for the bill, causing division within the industry and, according to reports, angering the White House.
20:41
Chris Grisanti: The Federal Reserve's statement is hawkish, with inflation as the primary concernChainCatcher news, according to Golden Ten Data, Chris Grisanti, Chief Market Strategist at New York MAI Capital Management, stated that today's Federal Reserve statement and press conference were clearly hawkish. The description of economic activity was upgraded from "moderate" to "solid," and wording regarding downside risks to employment was removed. Powell indicated that the employment situation has "stabilized," and although inflation is trending stable, it remains "slightly high." He believes there will be no rate cuts in the short term, and if the economy continues to strengthen, there may not be any rate cuts even in 2026.
20:39
Reason for DeFi Technologies (NEOE:DEFI) stock price dropping by 10.4%: The company is facing multiple class action lawsuits for alleged false statements.According to a report by Bijie Network: DeFi Technologies is facing an increasing number of U.S. securities class action lawsuits, which allege misinformation regarding its arbitrage strategies and 2025 revenue expectations. Meanwhile, its subsidiary Valour has received approval from UK regulators to list Bitcoin and Ethereum staking ETPs for retail investors. This contrast highlights that while the company is expanding its regulated digital asset products, it is also facing escalating legal and governance risks.
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