Federal Reserve's Powell: Monetary Policy in the Right Place, Patience to Wait

On June 4th, Ethereum founder Vitalik responded to the viewpoint that "cross-chain interoperability has been resolved at the infrastructure level" by saying, "In my opinion, unless cross-L2 operations can achieve censorship resistance, trustlessness, and non-intermediation similar to intra-L2 operations, the problem remains unsolved. I refer to it as the 'No-Regress Principle': Unless the new thing possesses the core properties that are identical to native ETH transfers on L1, we have not yet reached that stage."

On June 4th, SlowMist issued a security alert. The Android banking Trojan "Crocodilus" has recently launched attacks targeting global cryptocurrency users and banking applications after a recent upgrade. The main threats include: - Spreading through fake browser updates in Facebook ads. - Using overlay attacks to steal login credentials. - Extracting cryptocurrency wallet mnemonic phrases and private keys. - Injecting fake "bank support" numbers into the contact list. - Malware as a Service, which is available for rent (priced at $100-300 per attack). Users are reminded to avoid unknown app updates and ad links.

On June 4th, Musk once more criticized the excessive government spending in the United States in a post on X. He stated, "Interest payments have already accounted for 25% of all government revenue. If large-scale deficit spending continues, then government revenue will only be sufficient to pay interest, and there will be nothing else! No social security, no healthcare, no national defense, nothing." Just last Friday (May 30th), shortly after leaving the "Department of Government Efficiency" (DOGE) of the Trump administration, Musk and Trump, who were once "allies," seemed to quickly move towards an open confrontation. Firstly, Trump revoked the nomination of Musk's close ally Jared Isaacman as NASA Administrator. Then, Musk directly attacked Trump's strongly promoted "One Big Beautiful Bill Act" on the X platform, calling it "disgusting." This morning, Musk said, "The current ridiculously huge, massively wasteful, and politically motivated congressional spending bill is extremely lam

On June 4th, Binance will delist and stop trading for the following spot trading pairs at 11:00 (UTC+8) on June 6th: ACX/FDUSD, IDEX/FDUSD, ORCA/FDUSD, THETA/FDUSD, and XAI/FDUSD. It should be noted that the delisting of a trading pair will not have an impact on the availability of the token on the Binance spot market. Users can still trade the base asset and quote asset of this spot trading pair in other available trading pairs on Binance.

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