chairman

According to Jinshi reports, Goldman Sachs' latest research report shows that inflationary pressures in the United States are spreading from a few industries to a broader range of sectors. Although the current inflation level has not yet reached the peak of 2022, the coverage of rising prices is expanding, posing greater challenges for Federal Reserve policy. Goldman Sachs economist Jessica Rindels analyzed the degree of inflation diffusion based on the Personal Consumption Expenditures (PCE) price index, which the Federal Reserve focuses on, using a six-month annualized change rate.The data shows that compared to the average inflation level from 1990 to 2019, the pressure index for inflation categories exceeding 3% has reached about "6," while this index was "10" at the peak of inflation in 2022.The report points out that areas such as audio-visual equipment, financial services, healthcare, and transportation have become significant sources of current price increases. Meanwhile, housing rent inflation, which has a high weight in the PCE, is expected to fall below 3% in the fourth quarter of this year, potentially becoming an important factor in alleviating inflationary pressures.Goldman Sachs' analysis resonates with the recent concerns of new Federal Reserve Chairman Kevin Warsh regarding the "diffusion" of inflation. Warsh stated that preventing price increases from spreading to more sectors of the economy is an important task for the Federal Reserve. However, unlike the more explicit policy communication style of former Chairman Powell, Warsh currently refuses to provide specific guidance on interest rate paths.Jeremy Schwartz, a senior U.S. economist at Nomura Securities, stated that the Federal Reserve is reducing its forward guidance to the market, and this policy uncertainty has increased concerns on Wall Street. Meanwhile, hawkish voices within the Federal Reserve are rising. Dallas Federal Reserve President Logan has expressed support for moderate interest rate hikes, believing that the current economic resilience does not match the inflation risks.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that one year after the "GENIUS Act" became law, the United States has become the "global cryptocurrency capital" and thanked U.S. President and Senator Bill Hagerty for their leadership in achieving this goal.

U.S. Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass in the Senate next week, emphasizing that the U.S. needs to establish a regulatory gold standard in the digital asset space. Bryan Steil currently serves as the Chairman of the House Administration Committee and also chairs the Subcommittee on Digital Assets, Financial Technology, and Inclusion within the Financial Services Committee.

According to Etoday, SK Group Chairman and Chairman of the Korea Chamber of Commerce and Industry Choi Tae-won stated today at the Korea Chamber of Commerce and Industry Summer Forum that despite the recent significant decline in SK Hynix's stock price, investors should not frequently buy and sell, but should hold stocks from a long-term perspective.With the continuous development of the artificial intelligence industry, the demand for storage will continue to grow. He said, "AI is still like a 4-year-old child now, but it will eventually grow into an adult. The market will still require a large amount of memory support, and the related demand will inevitably grow exponentially. Although it is impossible to predict next month's stock price trend, do not repeatedly buy and sell; quietly holding is a better way to protect assets."

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that innovators and market participants in the cryptocurrency industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. cryptocurrency market requires a certain regulatory environment, and the CLARITY Act can provide "forward-looking" regulatory rules for digital assets. If the U.S. wishes to maintain its position as a global cryptocurrency hub, this bill is "legislation that must be passed."The CLARITY Act aims to further clarify the division of regulatory responsibilities in the digital asset market and establish a systematic framework for cryptocurrency asset trading, market structure, and regulatory authority. Supporters believe that the bill helps reduce regulatory uncertainty and promotes the development of businesses and capital in the U.S. market. Mike Selig has previously emphasized the need for clear and enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the cryptocurrency industry.

Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the cryptocurrency market structure bill, the Clarity Act, "is very close to being finalized," and urged Congress to complete its passage before the August recess.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that under the supervision of the U.S. President's Digital Asset Market Working Group, the U.S. will never launch a central bank digital currency.

Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), stated that over the past year, the SEC has actively responded to President Trump's goal of "making America the world's crypto capital" and is taking historic steps to modernize rules and regulations to promote the market's migration to on-chain.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that Illinois' legislation implementing a so-called "sin tax" on blockchain technology could jeopardize Chicago's future status as a financial market center.The bill even imposes taxes on the transfer of cryptocurrency assets that have not generated any economic benefits. Mike Selig referred to it as "slowdown legislation" and stated that the bill transforms residents' property rights from "inherent rights" to "privileged rights that require permission."Mike Selig further added that, against the backdrop of blockchain technology continuously reshaping financial markets, replacing policies that promote economic growth with taxes on cryptocurrency wallets may be viewed by history as a turning point or even a signal of decline for Chicago's financial development.

According to BBX data, the two largest publicly listed reserve companies for Ethereum issued a counter-cyclical buy signal yesterday, with the core dynamics as follows:SharpLink, Inc. (NASDAQ: $SBET) (one of the largest publicly listed reserve companies for Ethereum, founded by CEO Joe Lubin, formerly known as SharpLink Gaming, transitioning to Ethereum Treasury in May 2025) released an official press release on June 30: the company purchased an additional 10,000 ETH at an average price of $1,611 per coin, raising its total holdings to 886,725 ETH; during the same period, it repurchased 2,132,773 shares of common stock (average price $4.69), bringing the total repurchased since the buyback program started in August 2025 to 4,071,223 shares. This ETH purchase was funded by the company's previously completed $75 million targeted issuance (registered direct offering). CEO Joseph Chalom stated that this fundraising "provides capital support for proactive ETH treasury management strategies." The company's average purchase cost for 886,725 ETH is approximately $3,609 per coin, and with the current price around $1,611, the paper loss is about $1.77 billion; however, the company earned approximately 18,800 ETH in staking rewards in Q1 (equivalent to about $30 million per quarter at current prices), with revenue of $12.1 million during the same period (a 16-fold increase compared to $742,000 in the same period last year). The company has officially been included in the Russell 2000 and Russell 3000 indices, which will trigger passive buying from active and passive funds tracking these two indices, potentially broadening the institutional shareholder base and increasing access to capital markets.Bitmine Immersion Technologies, Inc. (NYSE: $BMNR), as of June 26, according to the latest data cited by CoinDesk, the company's ETH holdings have risen to approximately 5.67 million coins (an increase of about 280,000 coins compared to the 5.39 million disclosed in the SEC 8-K on May 26), with a net increase of about 52,203 coins in the previous week (equivalent to about $82 million); the company's chairman Tom Lee stated on June 26: "We are maintaining a steady accumulation pace throughout 2026, and we believe we are in the early stages of a Crypto Spring." At the current price of about $1,610, the market value of 5.67 million ETH is approximately $9.13 billion; during the same period, Bitmine jointly funded the Ethlabs nonprofit research organization with SharpLink and Ethereum co-founder Joe Lubin (founded by former Ethereum Foundation researchers, focusing on Ethereum infrastructure and institutional research), further strengthening the institutional narrative support for the ETH ecosystem through the endorsement of the three organizations.

According to official social media news, former senior economist of the Federal Reserve and professor at Shanghai Jiao Tong University's Shanghai Advanced Institute of Finance, Hu Jie, will be a guest at the Huobi Celebrity Lecture today at 20:00 (UTC+8). This session is themed "From Wall Street to Web3: How Will the New Chairman of the Federal Reserve Reshape Global Financial Markets?" It will provide an in-depth interpretation of the changes in policy paradigms following the new chairman's appointment, the direction of global liquidity, the evolution of the dollar system, and its impact on the Web3 market.As a renowned scholar who has long studied global macroeconomics and financial markets, Professor Hu Jie will analyze the future trends of global capital markets from the dual perspectives of policy formulation and market operation, drawing on his experience at the Federal Reserve, and discuss the new opportunities and challenges faced by the Web3 industry in the context of the accelerated integration of digital assets and traditional finance.

According to CoinDesk, Federal Reserve Chairman Kevin Warsh will testify before Congress for the first time on July 14 at 10 AM (Eastern Time), and traders are closely watching for signals regarding stablecoins, bank custody, and interest rate policy.

According to NBC, citing a statement from Alan Greenspan's wife, former Federal Reserve Chairman Alan Greenspan passed away on June 22 at the age of 100.Greenspan was one of the longest-serving Federal Reserve Chairmen in U.S. history, having led the Federal Reserve from 1987 to 2006 for a total of 18 years, spanning the presidencies of Reagan, George H.W. Bush, Clinton, and George W. Bush. He was known for combating inflation and maintaining financial stability, and he dominated a decade-long economic expansion in the 1990s, being hailed by the market as the "Maestro" of the economy.However, Greenspan's historical evaluation is quite controversial. His long-standing advocacy for financial deregulation and maintaining low interest rate policies has been deemed by many economists as one of the key roots that led to the 2008 global financial crisis. At that time, the U.S. housing bubble burst, and the subprime mortgage crisis erupted, triggering a global financial tsunami. Greenspan himself rarely admitted during a 2008 congressional hearing that his belief in market self-regulation had "flaws," a statement that shocked Wall Street.Greenspan's passing marks the end of an era for a figure who shaped the modern global financial system.

According to the Shanghai Securities Journal, Wu Qing, the Chairman of the China Securities Regulatory Commission, stated at the 2026 Lujiazui Forum that the next step will be to timely release guidelines for the standardized development of artificial intelligence in the capital market.Wu Qing pointed out that the CSRC will strictly investigate and deal with illegal activities such as using technology to ride on trends, hype concepts, and even manipulate the market and insider trading; at the same time, it will legally and strictly crack down on illegal stock recommendations using artificial intelligence, as well as industry chaos such as spreading rumors and illegal trading using artificial intelligence.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on the X platform to clarify several misunderstandings in the market regarding perpetual futures contracts and to address the controversy arising from the recent approval of related contracts by the CFTC. Mike Selig stated that the Commodity Exchange Act and relevant CFTC rules do not explicitly require that "futures contracts" must have a fixed expiration date or delivery date. Since Congress has not clearly defined this term, the identification of futures contracts is primarily based on judicial precedents and CFTC interpretations, and a fixed expiration date is not a necessary condition.In response to the claim that "the CFTC-approved BTCPERP contract allows U.S. users to use 250 times leverage," high leverage is not a characteristic of the perpetual contract structure itself, but rather a feature of the previous offshore trading model. Perpetual contracts regulated by the CFTC will adhere to the same leverage limits as other regulated futures products.Regarding the criticism that "the CFTC did not provide opportunities for industry participation and feedback," the CFTC publicly solicited opinions on "perpetual contracts" and "24/7 trading" in April 2025 and received over 100 responses from industry participants, including several CFTC-registered entities. Additionally, concerning the view that the funding rate mechanism is believed to incur high costs and induce undesirable market behavior, after considering the costs of opening positions and rolling over traditional term futures contracts, the annualized holding cost of the perpetual contract funding rate is roughly equivalent to that of traditional futures. The funding rate mechanism actually helps maintain price anchoring.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), published an article clarifying four major misconceptions about perpetual futures contracts.Regarding the misconception of "fixed expiration date": There is a viewpoint that the defined "futures contract" requires a fixed expiration date or delivery date, and the indefinite nature of perpetual contracts is inconsistent with congressional intent. Selig clarified that neither the Commodity Exchange Act nor CFTC regulations provide a clear definition of the term "futures contract," nor do they require a fixed expiration date or delivery date. Since Congress did not define the term, the criteria for its determination are provided by case law and committee interpretation, both of which do not require a fixed expiration date.Regarding the misconception of "high leverage": There is a viewpoint that the CFTC approved a futures contract allowing Americans to use leverage of up to 250 times when approving the BTCPERP contract, violating its own rules. Selig clarified that extreme leverage has been a characteristic of trading perpetual contracts in offshore venues since their inception, and is not inherent to the contract structure itself. The perpetual contracts regulated by the CFTC are subject to the same leverage limits as other futures contracts regulated by the CFTC.Regarding the misconception of "public opinion": There is a viewpoint that the CFTC did not provide the industry with an opportunity to participate or express opinions. Selig clarified that the CFTC released a request for comments on "perpetual contracts" and "24/7 trading" in April 2025, soliciting public input, and received over 100 comments from a wide range of stakeholders, including many registered entities regulated by the CFTC.Regarding the misconception of "funding rates": There is a viewpoint that the funding rate mechanism imposes unique and prohibitively high costs on market participants, fostering bad behavior in the market. Selig clarified that after considering the costs associated with opening positions and rolling over contracts with expiration dates, the annualized cost of holding futures contracts with expiration dates is roughly equivalent to that of perpetual contracts. The funding rate mechanism is far from fostering bad behavior; rather, it is a constraint tool that keeps the contract linked to the underlying spot market.

According to Jinshi reports, U.S. President Trump stated that he would not mind whether Federal Reserve Chairman Waller lowers interest rates.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the enforcement actions during the Biden administration are "politically targeted" at Gemini co-founder cryptocurrency exchanges and that he is pushing for a correction in the handling of related cases.Under Michael Selig's leadership, the CFTC last week requested a federal court to withdraw the $5 million settlement reached between the agency and Gemini in January 2025. This settlement occurred before the Donald Trump administration took over the commission. Gemini co-founders Tyler Winklevoss and Cameron Winklevoss had each donated $1 million to Donald Trump's 2024 campaign and attended White House events, including the signing ceremony of the GENIUS Act related to stablecoins.