[White House Economic Council Director Hassett Says Future May Require Rate Cuts]
White House National Economic Council Director Hassett stated that based on the CPI data available, further rate cuts may be needed in the future.
[297,400 ZEN Transferred to Coinbase, Valued at Approximately $3.59 Million]
According to Arkham data, at 07:13, 297,400 ZEN (approximately $3.59 million) were transferred from an anonymous address starting with 0x0640 to Coinbase.
[17,200 SOL Transferred to Binance, Valued at Approximately $2.48 Million]
According to Arkham data, at 07:15 (UTC+8), 17,200 SOL (valued at approximately $2.48 million) was transferred from an anonymous address (address starting with BnwZvG) to Binance.
[Yield-Generating Tokenized XRP Product mXRP Integrated with Lista DAO and Expanded to BNB Chain]
The yield-generating tokenized XRP product mXRP, launched through a collaboration between Midas and Axelar's developer team Interop Labs, has been integrated with the lending protocol Lista DAO and expanded to the BNB Chain. Following the integration, mXRP can be used as collateral in the Lista lending market, allowing holders to not only earn the base yield of mXRP but also gain additional DeFi rewards from liquidity pools and lending markets. This expansion extends the application scope of mXRP beyond the XRP Ledger and its Ethereum Virtual Machine (EVM) sidechain.
[The Trump Administration Plans to Expand Food Tariff Exemptions to Ease Price Pressure]
According to The New York Times, the Trump administration plans to implement widespread exemptions on certain tariffs to alleviate anxiety among U.S. consumers caused by rising food prices. The exemptions will cover certain reciprocal tariffs announced by Trump in April, including products from countries that have not yet reached trade agreements with the United States, and are expected to involve beef and citrus products. This plan may go beyond the scope of exemptions proposed in Trump's September executive order, which was limited to tariffs on products not produced or grown in the U.S. and already included in trade agreements. Sources familiar with the matter revealed that U.S. Commerce Secretary Wilbur Ross has advocated for exemptions on food-related goods due to high prices.
[Upexi Board Approves $50 Million Stock Repurchase Plan]
Nasdaq-listed digital asset financial company Upexi announced that its board of directors has approved a $50 million stock repurchase plan to acquire outstanding common shares. According to the latest quarterly report, Upexi's total revenue reached $9.2 million, a significant increase from $4.4 million in the same period last year; net profit was $66.7 million, compared to a net loss of $1.6 million in the same period last year. Additionally, the company initiated its SOL acquisition strategy in April this year and currently holds over 2.1 million SOL.