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According to a report by Jinse Finance, U.S. Treasury Secretary Besant stated clearly on Fox Business Channel on Thursday local time that the U.S. government will not directly purchase more Bitcoin. However, he later clarified that this does not mean the plan to expand the country's crypto asset reserves has been halted. Since former President Trump signed an executive order in March to establish a strategic Bitcoin reserve, the market has been closely watching for details on its implementation. The reserve is currently based on approximately $20 billion worth of cryptocurrencies seized by the government from criminal activities, and the executive order specifically requires the Department of Commerce and the Treasury to explore “budget-neutral” ways to expand the reserve. Besant’s morning statement on the program that the government “will not purchase” was interpreted by the market as a halt to reserve expansion. However, he later clarified on social media: “The Treasury is committed to exploring budget-neutral ways to increase Bitcoin holdings.” His spokesperson emphasized that the earlier remarks were over-interpreted—the comments made on the program were offhand and not a major policy announcement. (Jin10)

21:00-7:00 Keywords: Citigroup, rate cut, BNB Network Company 1. James Wynn: Altcoin season will be delayed; 2. BNB Network Company announces an additional purchase of 88,888 BNB; 3. Citigroup is considering offering stablecoin and crypto ETF custody and payment services; 4. Besant: Not urging the Fed to cut rates, just citing model results; 5. US Treasury Secretary: The US is exploring ways to acquire more Bitcoin in a "budget-neutral" manner; 6. CEO of an exchange: In the past 10 years, BTC has increased 490 times, Ethereum has increased 3,500 times; 7. Fintech and crypto industry executives urge Trump to ban banks from charging data access fees; 8. US Treasury Secretary: The US is building a Bitcoin reserve "as a store of value for the people."