ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the Biden administration is pushing cryptocurrency towards extinction. Former U.S. President Trump aims to make the United States a hub for digital innovation.

ChainCatcher news, Nasdaq-listed DeFi Development Corp (stock code: DFDV) disclosed that it held 621,313 SOL by the end of May, an increase of +96% compared to 317,273 SOL in April, with the value of the SOL holdings reaching $97.2 million.DeFi Development will continue to implement its Solana treasury strategy in June, promoting the growth of SOL (SPS) and continuously establishing industry benchmarks in the open market.

ChainCatcher news, according to Bitcoin Magazine, the cryptocurrency trading platform and digital asset platform Norwegian Block Exchange (referred to as NBX) has now included Bitcoin on its balance sheet, becoming the first publicly listed company in Norway to hold Bitcoin as treasury assets.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Yellen attempted to reassure Wall Street about the state of U.S. public finances last Sunday, insisting that the U.S. will never default on its debt.Yellen dismissed concerns raised by JPMorgan CEO Dimon last Friday, who suggested that the U.S. bond market would "collapse" under the pressure of rising debt. Yellen stated that the U.S. will gradually reduce the deficit, with the goal of achieving this within the next four years.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Becerra stated on Sunday that the United States will never default on its debt as the Senate reviews the comprehensive tax and spending bill passed by the House, which includes provisions to raise the debt ceiling. "The United States will never default," Becerra said in an interview with CBS. Becerra urged Congress to raise the federal government's debt ceiling before mid-July to avoid a default that could disrupt global markets.

ChainCatcher news, according to Whale Alert monitoring, at 22:19 Beijing time, USDC Treasury minted an additional 57,500,000 USDC on the Ethereum chain, worth approximately 57.46 million USD.

ChainCatcher news, according to a report by CoinDesk, Citigroup's latest report indicates that as the use of stablecoins in the cryptocurrency market and traditional finance grows, the demand for U.S. Treasury bills is also on the rise.The report emphasizes that dollar-backed stablecoins (such as USDT) dominate crypto trading and blockchain payments, reflecting the dollar's status as the world's reserve currency. Relevant legislation being considered by Congress may further solidify this trend by requiring reserves to hold short-term government debt. Meanwhile, traditional financial giants like PayPal and Visa are also beginning to explore applications for stablecoins. Citigroup predicts that by 2030, the stablecoin market size could reach between $1.6 trillion and $3.7 trillion.

ChainCatcher news, according to Whale Alert monitoring, around 8:40 AM Beijing time today, USDC Treasury minted an additional 250 million USDC on the Solana chain.

ChainCatcher news, according to CoinDesk, the U.S. International Trade Court ruled on May 29 that key tariff measures implemented during the Trump administration were illegal, leading to significant fluctuations in the U.S. Treasury market. The 30-year Treasury yield broke above 5%, while the 10-year yield rose to 4.50%, an increase of 10 basis points from the previous two days. The court found that the president overstepped his authority by using economic emergency powers to impose broad trade tariffs, but this ruling does not affect tariffs on specific industries such as steel. The U.S. government stated that it would appeal.Amid ongoing tensions in U.S.-China relations, the U.S. has recently taken measures to restrict chip technology exports and tighten student visa regulations for Chinese nationals. The U.S. Dollar Index (DXY) rose from 98 to 100, while Bitcoin ($108,282) and gold prices remained stable.

ChainCatcher news, according to CoinDesk, Nasdaq-listed company VivoPower has filed documents with the U.S. Securities and Exchange Commission (SEC) stating its plan to raise $121 million to launch a crypto treasury asset strategy centered around XRP.This financing is led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who serves as the chairman of Eleventh Holding.

ChainCatcher news, QCP released a briefing stating that the global financial markets have entered a period of calm, with the volatility of most asset classes continuing to decline, and the market's reaction to negative news has weakened. U.S. Treasury yields fell back after last week's "beautiful bill" raised fiscal concerns, with the 10-year and 30-year Treasury yields dropping below 4.5% and 5.0%, respectively. The yield on Japan's 30-year government bonds also fell below 3%, but remains at historically high levels.Market attention has shifted to the U.S. Treasury auction in June and the 40-year bonds issued by the Japanese Ministry of Finance today. The current economy is in a "moderate" state, and the impact of last month's tariff policy has not yet fully manifested, with expectations that it will be reflected in the data in the third quarter.At the same time, Senator Lummis's extensive remarks on stablecoins and Bitcoin as a strategic reserve have reignited hopes for progress in cryptocurrency policy. According to reports, Trump Media plans to raise $2.5 billion and join the ranks of companies establishing Bitcoin reserves. If the meeting generates momentum, more companies may follow suit, providing new structural buying support for the market.

ChainCatcher news, according to Cointelegraph, during a fireside chat at the Bitcoin 2025 conference, White House crypto czar David Sacks told the two co-founders of Gemini that while he "cannot promise anything," the U.S. government does have a way to purchase more Bitcoin. If the government can fund purchases in a "budget-neutral" manner without raising taxes or increasing the growing national debt, then the U.S. could buy more Bitcoin.

ChainCatcher news, according to market news, the Trump Media Technology Group announced that it will launch a Bitcoin treasury strategy of approximately $2.5 billion, aimed at incorporating BTC into its asset reserves for financial stability and long-term value storage.The Trump Media Technology Group has reached subscription agreements with about 50 institutional investors for a total private placement of approximately $2.5 billion. This issuance includes about $1.5 billion in common stock and $1 billion in zero-interest convertible preferred secured notes, with the proceeds intended for the creation of a Bitcoin treasury. The company will use Crypto.com and Anchorage Digital to custody its Bitcoin funds, and this issuance is expected to be completed around May 29, 2025.

ChainCatcher news, according to GlobenewsWire, sports betting operator SharpLink Gaming, Inc. (NASDAQ: SBET) today announced that it has signed a securities purchase agreement to conduct a $425 million public company private investment (PIPE), planning to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share).Consensys Software Inc. is leading the investment as the primary investor, with participants including well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29.SharpLink plans to use the raised funds to purchase Ethereum (ETH) as the company's primary treasury reserve asset. After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of SharpLink's board and will assist the company in developing its core business as a strategic advisor.

ChainCatcher news, according to GlobenewsWire, sports betting operator SharpLink Gaming, Inc. (NASDAQ: SBET) announced today that it has signed a securities purchase agreement for a $425 million public company private investment (PIPE), planning to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share).Consensys Software Inc. is leading the investment as the main investor, with participants including well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29.SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset. After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of SharpLink's board and will assist the company in developing its core business as a strategic advisor.

ChainCatcher news, according to Coinpedia, U.S. Treasury Secretary Scott Bessent stated in a recent interview that stablecoins could bring $2 trillion in short-term demand for U.S. Treasury bonds and bills, far exceeding the current $300 billion.Bessent reiterated the Trump administration's strong support for cryptocurrency innovation and criticized the previous administration's destructive regulatory stance. He pledged to encourage sustainable innovation through a balanced and improved regulatory framework.Stablecoins like Tether (USDT) are typically backed 1:1 by fiat currencies such as the U.S. dollar and hold reserves in liquid assets, including government bonds. As these tokens gain wider adoption, their issuers are becoming significant buyers of U.S. debt instruments.Meanwhile, the U.S. Senate is preparing stablecoin regulatory legislation, which is expected to provide legal clarity and promote institutional adoption. Market rumors suggest that Fidelity and JPMorgan may soon issue their own stablecoins.

ChainCatcher news, according to Caixin, U.S. Treasury Secretary Scott Basset stated that the Trump administration has suspended plans to create a sovereign wealth fund, as the president has prioritized paying off national debt. "I think the president has decided to pause this plan so that we can continue to deal with other things we are currently working on," Basset said on Friday. "He mentioned a few days ago that we might spend more time on debt repayment. He is focused on paying off the debt."

ChainCatcher news, according to Jinshi Data reports, U.S. Treasury Secretary Besant: It is expected that several major trade agreements will be reached in the coming weeks. As tariff policies have now brought "considerable revenue," there will be hundreds of billions of dollars in tariff revenue each year in the future, making the deficit outlook very optimistic.

ChainCatcher news, according to Whale Alert monitoring, at 22:06 Beijing time today, USDC Treasury minted an additional 100 million USDC on the Ethereum blockchain.