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INJ token jumped over 5% to $13.60 following the creation of a Delaware trust by Canary Capital, hinting at early steps toward a potential staking-based ETF.
Hyperliquid (HYPE) has outpaced the broader crypto market with 12% gains, as influencers take massive BTC, ETH leveraged bets on the DEX.
Quick Take IREN announced its plans to raise $450 million via convertible senior notes, with a possibility to offer an additional $50 million. A part of the proceeds would be used to enter capped call transactions and prepaid forward transactions, the company said.
Quick Take Brian Quintenz , President Donald Trump’s nominee to chair the U.S. Commodity Futures Trading Commission, said if the agency is asked to regulate crypto more thoroughly, the regulator will need added resources. Lawmakers questioning Quintenz appeared to agree with the nominee.
- 19:49Trump Team to Broaden Search for Federal Reserve Chair CandidatesAccording to a report by Jinse Finance, citing the Wall Street Journal: Sources familiar with the matter say that U.S. Treasury Secretary Bessent is leading the search for the next Federal Reserve Chair. The team will broaden the selection process to include new names on the list of candidates. New contenders include former St. Louis Fed President James Bullard and former George W. Bush advisor Mark Zandi.
- 19:32US Media: Trump Replaces IRS Commissioner Again, Treasury Secretary Bessent May Serve as Acting CommissionerAccording to a report by Jinse Finance citing The New York Times, four sources familiar with the matter have revealed that Trump is preparing to remove Billy Long from his position as Commissioner of the U.S. Internal Revenue Service, a role he has held for only two months. The sources stated that Long, a former Republican congressman and staunch Trump ally, is expected to be nominated for an ambassadorial post. It remains unclear who will succeed him as IRS Commissioner. This year alone, the agency has already seen six leadership changes. A senior government official indicated that Treasury Secretary Scott Besant will serve as acting commissioner until a permanent successor is appointed. Long’s appointment was considered highly unusual, given his limited background in tax policy. Aside from promoting a tax credit that the IRS had previously warned carried significant fraud risks, he has little relevant experience. During his time in Congress, he even supported legislation to abolish the IRS.
- 18:07Spot gold dips $10 in the short term, now quoted at $3,387.8 per ounceAccording to Jinse Finance, spot gold has dropped by $10 in the short term and is now quoted at $3,387.8 per ounce. Reports indicate that the White House will clarify misinformation regarding gold tariffs.