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Quick Take The Tokyo-listed firm plans to use the funds raised from bond sales to purchase more bitcoin. The company currently holds over 1,018 BTC.
Cardano’s $ADA rallies nearly 20%, testing the $0.726 level. Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies. Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.
Bitcoin is expected to hit $100,000 by the end of the year, predicted an analyst. The analyst also stated that now is the correct time to trade crypto. A range of $80K-$84K is good for buying Bitcoin.
Polish presidential candidate Sławomir Mentzen promises to adopt Bitcoin reserve if he wins. The move resembles Donald Trump’s Bitcoin reserve strategy to uplift the US into a crypto capital. Countries like the US adopt Bitcoin as a national reserve to hedge against growing inflation.
Quick Take Analysts at Bernstein outlined the key catalysts for bitcoin to reach their cycle target of $200,000. Bitcoin is currently approaching fresh all-time highs — trading for around $92,000, according to The Block’s Bitcoin Price Page.
Quick Take Newly introduced amendments from the Russian government classify crypto income as property, with a maximum tax rate of 15%.
- 14:19Powell: Cannot Assert Whether a July Rate Cut Would Be Premature, No Meeting Ruled OutOdaily Planet Daily – At the European Economic Forum in Sintra, Portugal, when asked whether the Federal Reserve would further ease monetary policy if tariffs did not trigger inflation, Fed Chair Jerome Powell stated: “After assessing the scale of the tariffs, we decided to pause.” He expects that due to the impact of tariffs, inflation will rise slightly this summer. Therefore, with the economy still robust, the Fed has chosen to remain patient, considering waiting to be the most prudent approach. Powell said it is impossible to assert whether a rate cut in July would be premature, but emphasized that “no meeting is being ruled out in advance,” and the next move will depend entirely on the data. (Jin10)
- 14:11Traders See Highest Likelihood of Fed Rate Cut Starting in September, 21% Chance for JulyOdaily Planet Daily News: After the release of the JOLTs data, traders slightly reduced their expectations for a Federal Reserve rate cut, with September now seen as the most likely starting point for rate cuts. The probability of a rate cut in July stands at 21%. (Jin10)
- 13:53Fed Chair Powell Reiterates Patience on Interest RatesOdaily Planet Daily News: Federal Reserve Chairman Jerome Powell reiterated the need to remain patient regarding interest rates, stating that the prudent approach is to wait and gather more information. Following Powell's reaffirmation of a patient stance on interest rates, U.S. Treasury yields slightly narrowed their gains. (Jin10)