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, "Fed mouthpiece" Nick Timiraos stated that Powell dodged a sharp question regarding the July (rate cut), refusing to rule out any possibilities four weeks before the policy meeting. His overall comments hardly indicated that he was preparing for a rate cut this month.The "excessive" focus on July (at least today) is inappropriate, as it may overshadow the more subtle shifts in his and others' remarks in recent weeks. After the Liberation Day tariffs, there was speculation that price increases could be so significant that a substantial weakening in the labor market would be needed for a rate cut. However, recently, with the tariffs paused and early (possibly too early?) inflation readings not showing meaningful impacts, Powell hinted that if inflation is not as concerning, a rate cut might be back on the table.

ChainCatcher news, according to Jinshi reports, at an ECB event held in Portugal, Federal Reserve Chairman Powell stated that if it weren't for President Trump's tariff policy, the Fed would have started cutting interest rates by 2025, and would currently be adopting a more accommodative monetary policy.When asked whether the uncertainty caused by the current U.S. government's tariff system has led the Fed to delay interest rate cuts, Powell answered affirmatively, adding that due to the impact of tariffs, nearly all predictions for U.S. inflation rates have risen significantly.Powell acknowledged that despite increasing pressure from the U.S. government, the Fed is still in a mode of maintaining interest rates. He also stated that given the current instability of the economic outlook, the Fed is still monitoring the situation to gather more information.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that he believes a stablecoin framework needs to be established and progress is currently being made.

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 U.S. federal fiscal path is unsustainable. Although the debt level is sustainable, the path is not sustainable.Due to the unsustainable path of debt growth, it must be addressed as soon as possible.

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 message, Musk posted on X that canceling funding support for the enforcement of the federal contempt court order is the core issue of the entire spending bill (the big and beautiful bill). Although this provision ostensibly targets the issue of deportation of illegal immigrants, it clearly also leads to many other abuses of power by the president.

ChainCatcher news, according to Bitcoin Magazine, South Africa's state-owned power company Eskom is exploring support for Bitcoin mining.

ChainCatcher news, according to The Block, the publicly listed Bitcoin mining company IREN announced that its self-operated Bitcoin computing power has reached 50 EH/s, accounting for about 6% of the total network computing power (842 EH/s), achieving its mid-year goal. This computing power scale ranks fourth in the industry, only behind Marathon Digital (57.3 EH/s), CleanSpark (50 EH/s), and Riot Platforms (33.7 EH/s). In its Texas 750MW mining facility, 650MW has been put into operation, driving a nearly 50-fold increase in computing power within 30 months.IREN's co-CEO Daniel Roberts stated that the 50 EH/s milestone confirms the efficient delivery capability of energy and data center infrastructure. The company's Bitcoin mining cost in the second quarter was $41,000 per coin, benefiting from 15 J/TH energy-efficient equipment and renewable energy advantages. The current Bitcoin price is approximately $106,542, and the low-cost structure provides it with resilience against market fluctuations.The AI transformation strategy is also being advanced: the Texas mining facility will build a 50MW liquid-cooled AI data center (Horizon 1), scheduled to be operational in the fourth quarter of 2025. The company adopts a GPU hosting model to serve AI clients and plans to issue $450 million in convertible preferred notes to support its expansion.

ChainCatcher news, according to CoinDesk, JPMorgan's latest report shows that the average monthly hash rate of the Bitcoin network in June 2024 is expected to decrease by about 3% month-on-month, mainly due to mining operations in places like Texas, USA, proactively reducing operational loads due to high temperatures. Monitoring data from the bank indicates that the total hash rate of mining companies such as Cipher, IREN, and Riot in Texas exceeds 80 EH/s.The report points out that despite the decline in hash rate, the average daily block reward income for miners has increased by 7% month-on-month to $55,300 per EH/s, reaching a new high since January. The total market capitalization of 13 listed mining companies has increased by 23% month-on-month to $5.3 billion, with IREN, which is involved in high-performance computing, seeing a stock price increase of 67%.

ChainCatcher news, Michael Saylor tweeted: "If the U.S. is to become the world's Bitcoin superpower, we must end the unfair taxation of Bitcoin miners."Senator Lummis pointed out that for years miners and stakers have faced double taxation—once when receiving block rewards and once when selling. Both believe that reforming this unfair tax system is crucial to ensuring America's leadership in the global Bitcoin and cryptocurrency space.

ChainCatcher news, Hut 8 Corp. (NASDAQ | TSX: HUT) today announced the initial powering of its Vega data center, which is considered the largest single Bitcoin mining facility in the world. Vega spans 162,000 square feet and is equipped with a nominal energy capacity of 205 megawatts, providing approximately 15 EH/s of Bitcoin mining power at full load, accounting for about 2% of the current global Bitcoin network hash rate.Vega will deploy up to 17,280 Bitmain U3S21EXPH servers, which is Bitmain's first large-scale commercial U-type direct chip liquid-cooled ASIC miner, capable of delivering up to 860 TH/s of power with an energy efficiency of 13 J/TH.Bitmain, as a client, will deploy all approximately 15 EH/s of mining machines at Vega, which is expected to bring Hut 8 an annualized revenue of $110 million to $120 million. The agreement also includes a purchase option, which, if exercised, will expand Hut 8's self-mining capacity from 10 EH/s to approximately 25 EH/s.According to previous news, Vega is expected to be powered on in the second quarter of 2025, in preparation for the approximately 15 EH/s hosting agreement reached with Bitmain.

ChainCatcher news, according to social media reports, U.S. President Trump stated: Powell and his entire committee should be ashamed for allowing such things to happen in America. Their job is one of the easiest yet most prestigious jobs in America, but they have failed and continue to fail. If they had done their job properly, our country could have saved trillions of dollars in interest costs. The committee just sits there and watches, so they are equally to blame. Our interest rates should be only 1%, or even better!

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, Binance founder Zhao Changpeng stated on social media that Bhutan is utilizing excess hydropower resources for Bitcoin mining.

ChainCatcher news, according to The Block, the Ethereum staking protocol Lido DAO has voted to pass a dual governance structure proposal, granting stakers (users holding stETH tokens) the power to delay or veto governance decisions made by LDO token holders. The main voting phase concluded with nearly unanimous support, with 53.6 million LDO tokens cast in favor, barely exceeding the required threshold of 50 million LDO votes, with only 1.18 LDO in opposition.Under the new model, stakers can express dissent by depositing stETH into a custody contract. If the deposits reach 1% of Lido's total staked ETH, the proposal will be delayed for 5 days; if it reaches 10%, the proposal will be frozen. The final voting results will be confirmed on June 30 at 10:00 AM Eastern Time, unless there is a large-scale opposition during the "opposition" phase.