ChainCatcher news, according to Jinshi Data reports, the Director of the Federal Housing Finance Agency (FHFA) Pulte has called on Congress to investigate Federal Reserve Chairman Powell, stating that his recent testimony regarding the Federal Reserve headquarters renovation plan in the Senate was "deceptive." Pulte stated, "I request Congress to investigate Powell, to investigate his political bias and the deceptive Senate testimony—these are sufficient to constitute 'just cause' for his removal."Pulte's report on this matter was retweeted by Trump, who stated that Powell should resign immediately. Previously, media reports indicated that the costs of the Federal Reserve headquarters renovation project have been continuously rising and include multiple luxury designs. During last week's Senate hearing, Powell rebutted some of the claims in the reports, stating that they were "misleading and untrue in many respects."

ChainCatcher news, according to CNBC, SEC Chairman Paul Atkins appeared on CNBC's financial program "Squawk Box" to discuss the rise of stock tokenization, stating that stock tokenization technology will make private markets more accessible to the public, as well as how to make private markets easier for the public to enter, how to regulate private markets, and the recent priorities of the U.S. Securities and Exchange Commission.He stated that the SEC will study SPAC rules.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that he would not comment on whether he would continue to serve as a Federal Reserve governor after May 2026.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the vast majority of Federal Reserve committee members expect to cut interest rates later this year.It cannot be said that considering a rate cut in July is too early. No meeting (action) can be ruled out, as it will depend on the data.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that in the coming weeks and months, he will begin the search for a successor to Federal Reserve Chairman Powell.

ChainCatcher News, when talking about the next Federal Reserve chairman, President Trump stated that Waller is very talented, but he might not be the one, as he does not want to pay 10-year debt at higher interest rates.At the same time, Trump again criticized Powell, saying, "The Federal Reserve has a stupid person."

ChainCatcher News, Ric Edelman, the chairman of the Digital Assets Council of Financial Advisors, stated in an interview with CNBC that he recommends allocating 10% to 40% of investment funds to cryptocurrencies, whereas four years ago his recommendation was 1%.Ric Edelman mentioned that four years ago, there was uncertainty about whether the U.S. government would ban Bitcoin, whether the technology would become obsolete, and whether consumers and institutions would adopt Bitcoin. However, now all these questions have been resolved. The price of Bitcoin does not move in sync with the prices of stocks, bonds, gold, oil, or commodities, and the return opportunities offered by the crypto asset class are higher than almost any other asset class.

ChainCatcher news, according to CoinDesk, U.S. Senate Banking Committee Chairman Tim Scott told White House cryptocurrency advisor Bo Hines that the cryptocurrency market structure bill will be completed by September 30.This timeline is later than President Trump's goal of completing it before the August congressional recess, but earlier than Senator Cynthia Lummis's previous prediction of completion by the end of the year. Scott stated at a press conference that "completing market structure legislation by the end of September is a realistic expectation," to which Lummis expressed support.

ChainCatcher news, according to Bloomberg, Ethereum co-founder and Sharplink Gaming Inc. Chairman Joe Lubin stated in an interview, "Sharplink is not using leverage, and we may take some measures to bring some leverage to the company, such as convertible equity. We will issue long-term bonds at low interest rates. We will not put this strategy at risk."Previously, Sharplink recently completed a $425 million private placement, purchasing Ether and transforming into an Ether financial company. However, after registering shares for a group of investors, its stock price plummeted by 69%.

ChainCatcher news, according to The Wall Street Journal, Trump is increasingly dissatisfied with the Federal Reserve's stance on interest rate cuts, prompting him to consider announcing his choice for the next Federal Reserve chair earlier. Currently, the term of the incumbent chair, Powell, has 11 months remaining. According to informed sources, in recent weeks, Trump has been contemplating whether to select and announce Powell's successor as early as September or October of this year. Trump's dissatisfaction with Powell may even lead him to make this decision earlier this summer. The candidates Trump is considering include former Federal Reserve Governor Kevin Warsh and National Economic Council Director Hassett.Additionally, Treasury Secretary Mnuchin has also been recommended by supporters of both as a potential candidate. Other possible nominees include former World Bank President Malpass and current Federal Reserve Governor Waller. Since the new Federal Reserve chair will not officially take office until May next year, announcing a candidate this summer or fall would be far earlier than the usual three to four months transition period. This early announcement could allow the nominee to influence market expectations regarding future interest rate paths. (Jin Shi)

ChainCatcher News, Li Yang, a member of the Chinese Academy of Social Sciences and chairman of the National Finance and Development Laboratory, stated that the U.S. push for stablecoin legislation aims to strengthen the dollar's position, promote payment modernization, and create new demand for U.S. Treasury bonds. Stablecoins are essentially an extension of the dollar on the blockchain.In the face of this trend, China should firmly promote the internationalization of the renminbi and align with the integration of stablecoins and traditional finance, fostering the complementary development of renminbi stablecoins and central bank digital currencies. Li Yang suggested fully leveraging Hong Kong's advantages to develop offshore renminbi stablecoins and build controllable international payment channels.

ChainCatcher news, HashKey Group Chairman Xiao Feng recently accepted an interview with the 21st Century Business Herald. Xiao Feng believes that stablecoins can enhance the accessibility of financial services in underdeveloped regions. This is also the reason why Africa has the largest user base of USD stablecoins.In the field of cross-border payments, the traditional "bank + Swift" method may face challenges from stablecoins. Xiao Feng believes they should explore new roles and service methods.In addition, regarding the central bank's recent mention of stablecoins, Xiao Feng considers this a positive signal and suggests a step-by-step, tiered, and regional approach to gradually promote relevant pilots, with Hong Kong serving as a testing ground for offshore markets.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Powell should lower interest rates by 250 basis points.

ChainCatcher news, former Federal Reserve Vice Chairman and current PIMCO advisor Richard Clarida stated that although U.S. inflation performed better than expected at the beginning of the year, subsequent pressures remain significant due to pre-stocking and accumulated tariffs.He pointed out that the average effective tariff rate in the U.S. rose to 15.6% in June, the highest since 1937, which could push inflation back above 3%. Clarida questioned whether the Federal Reserve would still maintain its forecast of two rate cuts this year and emphasized that if the market doubts the new chairman's independence, both the stock and bond markets will react sharply. He believes that the 10-year U.S. Treasury yield has already shown signs of a "bond vigilante" return.

ChainCatcher news, according to CrowdfundInsider, the outgoing chairman of the Financial Stability Board (FSB) Klaas Knot issued a stern warning that the cryptocurrency market may be approaching a "tipping point," which could pose systemic risks to the global financial system. He stated, "Stablecoin issuers currently hold a significant amount of U.S. Treasury bonds. We must closely monitor this area.""The threshold for retail users has been significantly lowered, especially after the launch of cryptocurrency ETFs. The connections to the traditional financial system continue to strengthen." Knot emphasized the necessity of proactive regulation, noting, "The crypto ecosystem will continue to evolve, and our regulatory framework must do so as well."

ChainCatcher news, according to CoinDesk, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Coinbase annual summit that although the Trump administration had an open attitude towards cryptocurrencies, regulators would not relax compliance requirements for the industry.She emphasized that "supporting innovation does not mean condoning illegal activities," and the CFTC will focus on combating market fraud rather than criminalizing specific asset classes or technologies.Pham criticized the Biden administration's regulatory approach of "overly expansive legal interpretations," pointing out that this tendency affects not only the crypto market but also traditional derivatives and foreign exchange markets. She believes that once crypto technology is widely adopted, a complete ban will become impractical.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission officially withdrew several proposed rules on Thursday that would impose stricter regulations on DeFi and cryptocurrency custody.These proposals were made under the leadership of former Chairman Gary Gensler, who led the agency's "enforcement-oriented approach." The withdrawn proposals included a proposed amendment to Rule 3b-16 of the Exchange Act published in April 2023. This proposal aimed to broaden the definition of exchanges, specifically to include decentralized finance platforms under the regulation of national securities exchanges. The proposal faced criticism from various industry stakeholders.

ChainCatcher news, U.S. President Trump stated that he will not fire Federal Reserve Chairman Powell, he just needs to lower interest rates. I hope the (Federal Reserve) lowers interest rates, we have a lot of short-term debt, and I prefer long-term low-interest debt. If we lower interest rates by 1%, it means paying 1% less.