Odaily Planet Daily reported that according to Walter Bloomberg, Trump's social platform Truth Social submitted a Bitcoin ETF S-1 registration statement to the U.S. Securities and Exchange Commission.

According to BlockBeats, the United States reported a trade deficit of $61.6 billion for April, surpassing expectations of a $70 billion deficit. The previous figure was revised from $140.5 billion to $138.3 billion. This marks the smallest trade deficit since August 2023.

According to Odaily, the number of initial jobless claims in the United States for the week ending May 31 reached 247,000. This figure surpasses market expectations of 235,000 and marks the highest level since the week of October 5 last year.

According to BlockBeats, the U.S. Dollar Index (DXY) experienced a sudden drop, falling by 15 points in a short period. The index is currently reported at 98.6.

According to PANews, eight leading crypto policy organizations in Washington, including the DeFi Education Fund, Coin Center, Solana Policy Institute, Chamber of Digital Commerce, Blockchain Association, Cryptocurrency Innovation Council, Bitcoin Policy Institute, and Paradigm, have issued a joint statement. They are urging the inclusion of the bipartisan Blockchain Regulatory Certainty Act (BRCA) in the 2025 Digital Asset Market Clarity Act. This legislation, spearheaded by Representatives Tom Emmer and Ritchie Torres, aims to exempt non-custodial software developers and infrastructure providers from "money transmission business" registration requirements. The statement highlights the fundamental differences between open-source developers and traditional financial institutions, emphasizing that this amendment is crucial for safeguarding DeFi innovation. The House of Representatives is expected to revise the related legislation next week.

Odaily Planet Daily News: The number of initial jobless claims in the United States for the week ending May 31 was 247,000, higher than the market expectation of 235,000, and the highest since the week ending October 5 last year. (Jinshi)

Odaily Planet Daily News: U.S. Treasury yields continued to fall after the release of initial jobless claims and international trade data, with the 10-year Treasury yield falling 4.5 basis points to 4.322%. (Jinshi)

Odaily Planet Daily News: The number of initial jobless claims in the United States for the week ending May 31 was 247,000, which was expected to be 235,000. The previous value was revised from 240,000 to 239,000. (Jinshi)

Shiba Inu burn rate nosedives, while entire crypto market is in red zone source: https://u.today/shib-burns-collapse-but-theres-major-silver-lining

Odaily Planet Daily News According to official news, BounceBit has added USD1 CeDeFi income strategy, and USD1 stablecoin is supported and issued by World Liberty Financial of the Trump family. To celebrate this cooperation, BounceBit will launch a limited-time promotional vault (Promo Vault) on June 9, providing a 30-day 15% annualized yield, with a limit of US$1 million. At the same time, some participants will have the opportunity to be randomly selected to receive a Trump-inspired T-shirt.

The dynamic tension between competition and regulatory oversight is not a hindrance but a crucible for forging a more resilient financial system.

The Federal Reserve's persistent pursuit of its 2% inflation target has been long and arduous, reminiscent of "Love in the Time of Cholera" by Gabriel García Márquez.

Recommended readings tonight: 1. How stablecoins become currencies: liquidity, sovereignty and credit; 2. Is Circle, the "first stock" of stablecoins, worth buying? ; 3. The end of the era of regulatory arbitrage in Singapore;

The United States is vigorously promoting stablecoins, and people from all sides have gathered together, but the first to take the plunge was the veteran Circle.

Singapore, cryptocurrency, when Singapore began to drive out people in the cryptocurrency circle Golden Finance, Singapore, once a paradise for Web3, began to drive people away.

Mediacorp has landed a monumental partnership with Korean production house Mr. Romance, who is behind the hit K-dramas such as Light Shop and Moving.

A man who promoted a fake crypto project linked to stem cell tech has been ordered to pay over $1.1 million. He ignored the SEC’s fraud lawsuit, leading to a default judgment in court.

The significance behind holding Solana comes at a time when most other companies, including those with ties to U.S. President Donald Trump, are piling into Bitcoin.

Cryptocurrency wallet firm Tangem is collaborating with Visa to bring self-custody and mainstream payments together.

US and El Salvador held a high-level meeting to strengthen cooperation on Bitcoin and digital assets. They discussed ways to work together on Bitcoin innovation and develop clearer crypto regulations.