U.S. stocks close: The three major stock indexes close higher, with the China Concept index up 1%.

Summers, the former US Treasury secretary, said it was clear that the US tariff calculations did not use tariff data. Even for protectionists, Trump's tariff plan is illogical.

Investment firm Republic will acquire crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million. Republic Strategic Acquisition, a subsidiary of Republic, will acquire all outstanding shares of INX. The transaction is expected to close within eight months, subject to closing conditions. Republic is already an existing shareholder in INX, acquiring a 9.5% stake in INX in 2023. Upon completion of the transaction, Republic will be fully integrated into INX's operation...

WisdomTree is expanding its institutional investment platform, WisdomTree Connect, from Ethereum to Arbitrum, Avalanche, Base, and Optimism. The platform currently offers 13 tokenized funds covering a variety of investment strategies, including money markets, stock indices, and fixed income, all of which are registered with the Securities Exchange Commission (SEC).

Jefferson, vice-chairperson of the Federal Reserve, said it was crucial to assess the full impact of Trump's policy changes. Policy rates are now somewhat restrictive; there is no need to rush on policy rate adjustments, and the current policy rate is prepared for risk and uncertainty. Commodity inflation has risen, in part due to trade policy; falling prices for housing services may help offset inflation.

According to Lookonchain, a whale spent 11.50 million USDC to buy 6488.5 ETH at $1,772 during the previous market decline.

The State Investment Agency under the President of Kyrgyzstan signed a memorandum of understanding with Binance founder CZ. According to the memorandum, the two sides plan to jointly promote the development of the cryptocurrency and blockchain technology ecosystem in the Kyrgyz Republic. This includes providing infrastructure support, technical support, professional consulting services on cryptocurrency and blockchain technology, and implementing related educational programs. CZ said, "I have ad...

Coinbase International will launch NIL, VINE, GUN, and EDGE perpetual contracts.

AI and bitcoin-oriented education company Genius Group has announced that it has been ruled by the U.S. District Court for the Southern District of New York to prohibit financing, selling shares, and using investor funds to purchase bitcoin. Genius Group has been forced to reduce its bitcoin reserves from 440 to 430 coins to stay afloat and is appealing. The ban stems from a legal dispute related to Fatbrain AI (LZGI). Genius warns that if the ban continues, it will seriously threaten its normal...

U.S. stocks maintained their losses in midday trading on Thursday, with the Dow down more than 1,300 points, the Nasdaq down nearly 5% and the S & P 500 falling into correction territory. US President Donald Trump announced additional "reciprocal tariffs" of 10% to 49% on almost all countries, a move that could spark a global trade war and hit an already sluggish US economy hard. The number of Americans claiming unemployment benefits unexpectedly fell last week. Trump's tariffs and OPEC + produc...

Financial website Forexlive: Powell's speech on Friday will be more important than the non-farm payrolls data. The market has fully digested the expectation of a rate cut in June, but all the comments from Federal Reserve officials on the tariff issue are more hawkish. If Powell's wording also turns hawkish, then beware that the market's expectations for a rate cut by the Federal Reserve will undergo a serious repricing.

Since its launch on April 1, 0xbow's Ethereum Privacy Pool has processed 238 transactions totalling 67.49 ETH. The protocol ensures privacy through zero-knowledge proofs while screening illicit funds for compliance. The core contract consists of three layers: asset management, zero-knowledge privacy and compliance review. Vitalik Buterin is also one of the first depositors. The current limit for a single deposit is 0.1 to 1 ETH.

According to Lookonchain, a whale withdrew 460 BTC worth $37.70 million from Binance two hours ago after a one-year hiatus.