Binance. US seeks $100 million in financing to expand its cryptocurrency business

Japanese Minister of Economy, Trade and Finance, Minoru Castle, stated that he did not seek a postponement of the Bank of Japan's interest rate hike at the June meeting.

[Harker: If Inflation Expectations Solidify, the Fed Needs to Take More Aggressive Rate Hike Actions] Cleveland Fed President Harker stated that if businesses and households believe high inflation will persist for the long term, the Federal Reserve needs to take more aggressive actions. She prefers to implement small rate hikes early to prevent inflation expectations from solidifying. (Source: Jintou Data)

The federal judge rejected Gemini's joint application with the CFTC to revoke the $5 million settlement agreement. Gemini and CFTC have previously requested the revocation of the agreement on the grounds of violating fair enforcement principles and improper litigation methods, and mentioned President Trump's friendly attitude towards the cryptocurrency industry. New York Federal District Judge Alvin Heilstein ruled that the above reasons were insufficient to support revocation and pointed out that Gemini voluntarily signed the agreement.

US Commerce Secretary Lutnik opposes significant reductions in tariffs on Mexican made cars, steel, and aluminum products, leading to a halt in negotiations on the US Mexico tariff agreement. (Source: The Wall Street Journal)

Jupiter co-founder IONG announced that Jupiter Labs has launched an experimental high leverage trading product YOLO, supporting 500 to 1000 times leverage. This product draws inspiration from the JLP model and simulates positions based on real market prices, with actual profit and loss occurring without the need to execute corresponding leveraged positions in the market. YOLO's profits are paid by the fund pool. If the liquidity of the fund pool is insufficient, the payment will enter the queue. SION stated that this model is different from traditional perpetual contracts and was launched under Jupiter Labs to provide experimental space for new financial products. Currently, YOLO is in its early stages and was inspired by PaperTrade.