ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that there is still a possibility of interest rate cuts in the next 10 to 16 months.

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter posted on X that Texas Governor Greg Abbott shared an article titled "Texas Pushes for Strategic Bitcoin Reserve: State Treasury Enters a New Era" on X. The article praises the Strategic Bitcoin Reserve (SBR) and describes the governor as a "staunch supporter of cryptocurrency." Greg Abbott is expected to sign the SBR into law.Previously reported, Texas passed the Strategic Bitcoin Reserve bill SB21, which was approved by a vote of 101 in favor and 42 against in its third reading, and it has now been submitted to the governor's office for signing.

ChainCatcher news, according to Bitcoin Magazine, H100 Group announced that it has purchased 4.39 bitcoins, becoming the first publicly listed company in Sweden to establish a bitcoin reserve.

ChainCatcher news, according to GlobeNewswire, the artificial intelligence education group Genius Group (NYSE American: GNS) announced that it has resumed its Bitcoin reserve buildup after lifting the injunction from the U.S. Court of Appeals. The company recently increased its holdings by 24.5 BTC, bringing its current total to 85.5 BTC (total cost $8.5 million, average price $99,700 per coin), a 40% increase from before.The company reiterated its plan to continue increasing its holdings to a target of 1,000 BTC by November 2024. CEO Roger Hamilton stated that rebuilding the Bitcoin reserve is a key part of the company's development strategy for 2025, aimed at promoting AI, Bitcoin, and community education.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's senior investment strategist Foo Ken Yap stated that despite growing concerns over the U.S. fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to buffer the impact on the bond market and support economic growth. The bank predicts that the yield on the U.S. 10-year Treasury will decline from the current approximately 4.59% to 4%-4.25% within 12 months, while remaining optimistic about U.S. stocks, believing that strong corporate investment and resilient earnings expectations will continue to support the market. Standard Chartered also reiterated the value of gold as a hedge against inflation and recession risks, maintaining a target price of $3,500.

ChainCatcher news, according to Bitcoin Laws, Texas has passed the strategic Bitcoin reserve bill SB 21, which was approved by a vote of 101 in favor and 42 against in its third reading, and is now submitted to the governor's office for signing.

ChainCatcher news, according to Cointelegraph, Strive, a company founded by Vivek Ramaswamy, is seeking to acquire the 75,000 Bitcoin claims of the bankrupt exchange Mt. Gox at a discounted price to expand its Bitcoin reserves. The company has partnered with 117 Castell Advisory Group LLC, targeting Bitcoin claims that have received clear legal rulings but have not yet been allocated. Strive plans to transform into a Bitcoin investment company through a reverse merger with Asset Entities, expected to be completed by mid-year. Since the announcement of the merger plan, Asset Entities' stock price has increased by 1,170%, with a market capitalization of $122 million.

ChainCatcher news, Bridgewater founder Ray Dalio: The Federal Reserve is in a difficult position and should not cut interest rates.

ChainCatcher news, according to Jinshi Data, Federal Reserve Cleveland President Mester and San Francisco President Daly stated on Tuesday evening local time that, given the uncertainty of the impact of the Trump administration's policies, the best course of action for the Federal Reserve now is to wait before making any further policy decisions.The two regional Fed presidents reiterated during their joint appearance at the Atlanta Fed Bank conference that, due to the uncertainty of trade policies, it is difficult to assess the direction of the economy, making it hard to determine how monetary policy should respond.

ChainCatcher news, Texas has passed the "Texas Strategic Bitcoin Reserve and Investment Act," allowing the state to invest in Bitcoin (BTC). The bill has now passed its second reading and is awaiting the governor's approval to become law.

ChainCatcher news, according to The Block, although the deadlines for several executive orders have passed without public announcement, analysts believe that Trump's upcoming Memecoin gala and Vance's Bitcoin 2025 keynote speech may provide new information.Analysts at K33 stated that the development of crypto policy remains a key catalyst, urging participants to pay attention to potential developments in strategic Bitcoin reserves in the coming days.However, analysts warned that recent executive orders could have far-reaching impacts on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of strategic Bitcoin reserves and a U.S. digital asset reserve, aimed at making the U.S. a global cryptocurrency hub.

ChainCatcher news, according to Bitcoin Magazine, the Texas Senate Bill SB 21 will have its second reading in the state House of Representatives today (May 20). The bill was introduced by Senator Schwertner and others, with Representative Capriglione serving as the House sponsor, aiming to establish and manage the "Texas Strategic Bitcoin Reserve."The core content of the bill includes investing in cryptocurrencies and authorizing the state auditor to have investment authority over the reserve and other specific state funds.

ChainCatcher news, according to Jinshi reports, the Reserve Bank of Australia has lowered the benchmark interest rate by 25 basis points to 3.85%, in line with market expectations.

ChainCatcher news, according to Jinshi reports, Dallas Federal Reserve President Logan stated that the Federal Reserve should consider strengthening mechanisms to more effectively prevent spikes in money market rates when market pressures arise.In a speech prepared for the 2025 Financial Markets Conference at the Atlanta Federal Reserve, Logan reiterated the call to encourage more banks to use the discount window and to centralize operations of the Standing Repo Facility (SRF).Logan also pointed out that the Federal Reserve should focus on broader market rates rather than just the federal funds rate. She said, "In my view, interest rate control is not just about keeping the federal funds rate within the target range."

ChainCatcher news, according to Jinshi reports, the President of the New York Federal Reserve, Williams, stated that there are some signs of rising consumer caution from the data. The economy may slow down this year. It will take some time to have a good understanding of the economic situation.The Federal Reserve can remain calm in its monetary policy decisions. Tariffs may push up inflation and unemployment rates. The outlook will become clearer only after June and July.

ChainCatcher news, according to Jinshi reports, the President of the New York Federal Reserve, Williams, stated that recent economic data is very good. The economy is close to full employment. The labor market is essentially in a balanced state. Inflation has been slowly and gradually declining.Due to trade issues, economic growth in the first quarter was unusual. Monetary policy is in a good position. The policy is slightly restrictive and in good shape. Some forward-looking indicators have sent concerning signals. Trade is an especially uncertain factor.

ChainCatcher news, according to Jinshi Data, Federal Reserve's Bostic stated that he is more inclined to lower interest rates only once this year, as it takes time to understand tariffs, and over time, tariffs will become less significant.

ChainCatcher news, according to Jinshi news, the president of the Federal Reserve Bank of Atlanta, Bostic, stated that Moody's downgrade of the U.S. rating will affect the entire economy and financial markets. The downgrade will impact the cost of funds and may affect the entire economy. We will observe the impact of the downgrade on the demand for U.S. Treasury bonds.The Federal Reserve will have to determine how the downgrade will affect an already unstable outlook. Given the condition of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to see how uncertainty gradually dissipates.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Bostic stated that Moody's downgrade of the U.S. rating will affect the entire economy and financial markets. The downgrade will impact the cost of funds and may affect the entire economy. We will observe the impact of the downgrade on the demand for U.S. Treasury bonds. Considering the state of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to see how uncertainty gradually dissipates.

ChainCatcher news, according to the latest reports, El Salvador's Bitcoin reserves have appreciated by approximately $357 million. Since it began purchasing Bitcoin in 2021, El Salvador has achieved significant appreciation through the Bitcoin held by its treasury. The country is the first in the world to adopt Bitcoin as legal tender, aiming to promote economic development and financial inclusion. Despite the volatility of Bitcoin prices, the El Salvador government remains optimistic about its long-term value and plans to continue exploring the application of cryptocurrencies in the economy.