News
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Share link:In this post: The EU plans to let stablecoins from outside the bloc be treated the same as those made inside, aiming to close a legal gap. The ECB warns this could risk bank stability if too many people rush to cash out, especially during market stress. EU and the ECB are divided, with the commission downplaying the risks and the ECB calling for stronger international safeguards.
Share link:In this post: China’s largest EV maker, BYD, trims factory shifts amid slow sales. Inventory reportedly piles up despite steep discounts. Dealers are calling for balanced production targets in the EV market.
Share link:In this post: Trump is pushing the Senate to pass his tax bill this week to make his first-term tax cuts permanent. The US current account deficit hit $450.2 billion in Q1 2025, the highest since 2006. The White House claims the bill will reduce debt by up to $11.2 trillion by 2034.
Share link:In this post: zkLend announced it is winding down after a serious exploit led to eventual token delistings on major CEXs. The February hack drained about $9.5 million via smart-contract vulnerabilities, with the hacker allegedly losing $5.4 million of the loot to a phishing scam. The team will allocate the remaining $200,000 in its treasury to the recovery fund; the codebase is to be open-sourced.
- 00:42US SEC Commissioner Hester Peirce: Physical Creation and Redemption Mechanism for Crypto ETFs May Be ImminentBlockBeats News, June 26 — According to The Block, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that the “in-kind redemption” mechanism for cryptocurrency exchange-traded funds (ETFs) may be on the horizon. During a panel discussion hosted by the Bitcoin Policy Institute on Wednesday, Republican Commissioner Peirce was asked whether the SEC would approve in-kind creation and redemption mechanisms for ETFs, and if this was “imminent.” For several months, multiple companies, including BlackRock, have been urging the SEC to allow Bitcoin ETFs to use in-kind creation and redemption, rather than being limited to cash transactions. In January of this year, Nasdaq submitted a 19b-4 form on behalf of BlackRock to request this change, and other institutions have since filed similar applications. Hester Peirce responded, “These forms are currently under review. So I do think this is something that will happen at some point. I can’t predict the outcome, but we are definitely hearing a lot of interest in this area.”
- 00:42The probability of a 25 basis point Fed rate cut in July rises to 24.8%BlockBeats News, June 26 — According to CME "FedWatch" data, there is a 24.8% probability that the Federal Reserve will cut interest rates by 25 basis points in July, while the probability of rates remaining unchanged is 75.2%.
- 00:42Scam Sniffer: User Loses Over $157,000 Due to Copying Incorrect AddressBlockBeats News, June 26 — According to monitoring by Scam Sniffer, a user lost $157,154 due to copying an incorrect address. Transaction history poisoning: Scammers send fake transfers or small-value transfers (dust transfers) using similar addresses. Their fake address appears in your transaction history. You mistakenly believe it is a legitimate address and copy it from the transaction record. As a result, funds are inadvertently sent to the scammer’s address.