1. Federal Reserve officials expect two more rate cuts this year
Federal Reserve official Miran stated that there may be two more rate cuts this year, a forecast considered realistic. -Original text
2. U.S. government discusses including $1.4 billion worth of bitcoin in reserves
The U.S. government currently holds about $1.4 billion worth of bitcoin, sparking discussions about whether to include it in national reserves. Previously, these bitcoins were confiscated through law enforcement actions involving multiple cases. Policy and legal issues remain to be resolved, and the community is closely watching its potential impact. -Original text
3. U.S. Department of Justice seizes $15 billion in bitcoin, linked to Cambodian telecom fraud case
The U.S. Department of Justice has indicted "Prince Group" founder Chen Zhi, accusing him of orchestrating a transnational cryptocurrency scam involving forced labor in a "pig-butchering" telecom fraud case. The DOJ seized 127,271 bitcoins, worth about $15 billion, marking the largest seizure in the department's history. Chen Zhi faces charges of wire fraud and money laundering, with a maximum sentence of up to 40 years in prison. -Original text
4. UK plans to update crypto donation guidelines, Reform UK receives its first crypto donation
The UK Electoral Commission plans to "update soon" its guidance on cryptocurrency donations to improve transparency and close regulatory loopholes. It is reported that Reform UK, led by Nigel Farage, has received its first cryptocurrency donation, though the specific amount and token have not been disclosed. According to UK election law, donations exceeding £11,180 must be reported, and donations over £500 must come from a "qualified donor." Parties must verify donor identities and have the right to refuse anonymous or non-compliant donations. The Commission stated that no party has formally reported crypto donations yet, but several parties are exploring this area. According to The Observer, the donation was pre-notified to regulators and did not violate relevant regulations. -Original text
5. Ripple plans to expand USD stablecoin RLUSD to African markets
Earlier this year, the company announced a partnership with Chipper Cash to support crypto payments and confirmed that its USD-backed stablecoin RLUSD will be launched in African markets. -Original text
6. Bank of England plans to remove stablecoin holding limits
Bank of England Deputy Governor Sarah Breeden stated that once the economic risks of stablecoins are eliminated, the cap on the amount of stablecoins individuals and businesses can hold will be removed. She warned that widespread adoption of stablecoins could trigger a massive outflow of bank deposits. -Original text
7. Public companies increase ethereum holdings to several billions of dollars
Public companies are significantly increasing their ethereum holdings, with total positions now worth several billions of dollars. According to the latest data, these companies have become some of the largest institutional holders of ethereum, demonstrating long-term confidence in the asset. The community has responded positively, though some are concerned about the market risks posed by concentrated holdings. -Original text
8. Sony applies for banking license, plans to offer cryptocurrency services
Sony, through its online banking division, has applied for a national banking license and plans to offer cryptocurrency and stablecoin-related services. This application joins the ranks of crypto companies such as Stripe, Coinbase, Paxos, and Circle seeking OCC licenses. This move indicates that traditional enterprises are accelerating their entry into the crypto sector, which may further improve the industry's regulatory framework. -Original text
