ChainCatcher news, according to CCTV News, during the call between the Chinese and U.S. heads of state, Xi Jinping pointed out that based on the U.S. proposal, the economic and trade leaders of the two countries held talks in Geneva, taking an important step towards resolving economic and trade issues through dialogue and consultation, which has been widely welcomed by various sectors of both countries and the international community, and also proves that dialogue and cooperation are the only correct choices.Both sides should make good use of the established economic and trade consultation mechanism, uphold an equal attitude, respect each other's concerns, and strive for a win-win outcome. In this regard, China is sincere and principled.

ChainCatcher news, according to official information, the universal application layer protocol Skate has officially announced its token economic model today. According to the official disclosure, the initial total issuance of the native token SKATE is 1 billion tokens, of which 45.5% will be allocated to the community, 18% for ecosystem development and reserves, and 10% reserved for the team. Notably, the project team has also set aside 10% of the tokens for initial airdrop rewards.The SKATE token will serve as the fundamental functional token of the protocol, while also taking on governance functions.

ChainCatcher News, U.S. President Trump posted on social media: "I am very pleased to announce that after so many years, I have finally reached a consensus with U.S. Democratic Senator Warren on one thing: the debt ceiling should be completely eliminated to avoid economic disaster."He emphasized: "It is too dangerous to leave it in the hands of politicians— even if it could have terrible consequences for our country (and even indirectly for the whole world), there are still politicians who want to use the debt ceiling for political gain. As for Senator Warren's second statement about the $4 trillion, I like it too, but it must be done in as short a time as possible. Let’s work together, Republicans and Democrats, to get this done!"

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated that the bond and stock markets are sending completely different signals, and the economy is facing severe uncertainty, with the labor market showing some signs of slowing down.He mentioned that due to the economic uncertainty, the Federal Reserve must wait and see. In addition, Kashkari also pointed out that the Federal Reserve has not yet fully returned to the 2% inflation target.

ChainCatcher message, the Sui ecosystem liquidity platform Cetus officially announced that the Cetus liquidity aggregator is back online. The Cetus CLMM routing is temporarily closed and will be opened later. A full restart of Cetus is coming soon.According to previous reports, on May 31, Cetus announced plans to complete a full recovery and restart in about a week, which includes protocol upgrades, data recovery, restarting the upgraded CLMM contracts, and fully restoring all paused product features (including LP functionality), etc.

ChainCatcher news, South Korea's left-wing party candidate Lee Jae-myung has been elected as the new president of South Korea with a vote rate of 49.42%, defeating his right-wing opponent Kim Moon-soo who received 41.15%. Lee Jae-myung has promised to vigorously develop South Korea's cryptocurrency industry, with key policies including: allowing local adoption of spot cryptocurrency ETFs, establishing a Korean won stablecoin market, improving the regulatory framework for digital assets, and reducing blockchain regulation in specific areas to promote innovation.South Korea is one of the largest cryptocurrency markets in the world, with 9.7 million trading users, accounting for about 20% of the total population. Unlike the previous president Yoon Suk-yeol's unfulfilled promises of being crypto-friendly, Lee Jae-myung is expected to push for the implementation of his cryptocurrency policies against the backdrop of a shift in attitude from the Financial Services Commission.

ChainCatcher news, State Street Global Advisors' Asia-Pacific economist Krishna Bhimavarapu stated that Australia's weak first-quarter GDP growth has increased the likelihood that the Reserve Bank of Australia will ease policy faster than expected, and that the rate cut in July may be larger. The GDP data also addresses a debate regarding whether the period during which the Reserve Bank of Australia maintains the cash rate could exceed the necessary time, thereby impacting economic growth.

ChainCatcher news, according to Bloomberg, based on a financial disclosure document, one of U.S. President Donald Trump's key economic advisors, Kevin Hassett, disclosed that he holds at least $1 million worth of shares in the cryptocurrency exchange platform Coinbase due to his role as an advisor.The document shows that these Coinbase shares are listed as "vested shares." Based on the broad valuation range used by officials in their filings, Hassett reported total assets of at least $7.6 million.

ChainCatcher news, according to Jinshi Data, Federal Reserve's Bostic stated that he still believes there may be one rate cut this year, depending on economic conditions. It is difficult to assert whether the Federal Reserve will cut rates if there is a lack of trade uncertainty.

ChainCatcher message, Bloomberg senior ETF analyst Eric Balchunas posted on social media: "It is predicted that IBIT (BlackRock Bitcoin Spot ETF) is likely to surpass Satoshi Nakamoto by the end of next year, becoming the world's largest holder of Bitcoin. This also reflects the advantages of ETFs, including convenience, low cost, high liquidity, and credibility."

ChainCatcher news, according to official information, due to the upcoming hard fork of BERA Chain (BERA), the deposit and withdrawal services for BERA will be suspended starting from June 4, 2025, at 11:00 (KST) until the stability of the hard fork is confirmed. During the suspension, the deposit and withdrawal processes will be temporarily halted, but trading will not be affected. The resumption time will be announced separately.

ChainCatcher message, MegaETH confirms that its X account has been compromised, reminding users not to click on links posted in recent tweets.

According to Jinshi reports, Trump Media Group announced today that it has completed the previously announced private placement with approximately 50 institutional investors. This issuance includes:Selling 55,857,181 shares of the company's common stock at a price of $25.72 per share, raising approximately $1.44 billion in gross funds;Issuing $1 billion principal amount of convertible senior secured notes due in 2028, with a conversion price of $34.72 per share.The total fundraising amounts to approximately $2.44 billion. Trump Media will use about $2.32 billion of the net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among publicly traded companies, the net proceeds from this issuance and the company's strategy will position Trump Media Group as one of the companies holding the most Bitcoin among U.S. publicly traded companies.After this issuance, Bitcoin will be included in Trump Media Group's balance sheet, alongside a total of $759 million in cash, cash equivalents, and short-term investments as of the end of the first quarter of 2025.

ChainCatcher news, according to a report by CoinDesk, Citigroup's latest report indicates that as the use of stablecoins in the cryptocurrency market and traditional finance grows, the demand for U.S. Treasury bills is also on the rise.The report emphasizes that dollar-backed stablecoins (such as USDT) dominate crypto trading and blockchain payments, reflecting the dollar's status as the world's reserve currency. Relevant legislation being considered by Congress may further solidify this trend by requiring reserves to hold short-term government debt. Meanwhile, traditional financial giants like PayPal and Visa are also beginning to explore applications for stablecoins. Citigroup predicts that by 2030, the stablecoin market size could reach between $1.6 trillion and $3.7 trillion.

ChainCatcher news, according to CoinDesk, influenced by global economic tensions, the price of XRP fell from $2.305 to $2.163, a daily decline of 6.16%. Market data shows that the trading volume of the token surged to 174.7 million units in a short period, reaching four times the average daily trading volume.Despite the price pressure, positive signals have emerged in the market. Renewable energy company VivoPower announced it has raised $121 million to establish an XRP reserve, and Webus International also plans to raise $300 million for XRP strategic reserves. Technical analysis indicates that $2.16 has formed a short-term support level, and if the key level of $2.31 is breached, it may further test $1.96.