US President Trump's administration plans to cancel subsidies for the Medicare drug program

On Wednesday (UTC+8) at 04:59, the offshore Chinese yuan (CNH) was trading at 6.77 yuan against the US dollar, down 56 points from the end of Monday's trading in New York. The overall trading for the day was in the range of 6.76-6.77 yuan.

Coinbase Vice Chairman Ryan VanGrack stated that the Clarity Act enhances consumer protection and emphasizes the need for compromise and negotiation in the legislative process. （Bitcoin Archive）

According to BitcoinBreakies.net on the X platform, SharpLink SBET received 420 ETH staking rewards this week and currently holds 888521 ETH, ranking as the world's second-largest ETH treasury.

Traders are divided on whether the Fed will hike rates, but analysts said crypto may be less exposed than AI-driven tech stocks.

JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are collaborating to build a shared tokenized deposit network, operated by The Clearing House. The plan is to convert commercial deposits into tokens that can be transferred 24/7 between member banks, and launch it in the first half of 2027. The first batch of users of this network are aimed at multinational enterprises, with products including programmable treasury, real-time liquidity management, and cross-border payments. The Clearing House CEO David Watson stated that the project is a significant initiative for the bank. The daily processing scale of JPMorgan's Kinexys platform exceeds $7 billion, with a total processing volume of over $4 trillion since its launch; Citi Token Services has been operating in the United States, United Kingdom, Singapore, and Hong Kong, and has transferred billions of dollars through Citi's own network.