U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

According to market data from BIT (bit.com), Citigroup’s U.S. stock fell more than 1% in pre-market trading. The company reported second-quarter revenue of $24.77 billion and earnings per share of $3.15. Its Q2 equities sales and trading revenue reached $2.3 billion, beating the consensus estimate of $1.9 billion. Q2 FICC (Fixed Income, Currency and Commodities) sales and trading revenue stood at $4.71 billion, versus the expected $4.56 billion. Citigroup also projected that its share repurchase volume in 2026 will be higher than that in 2025.

According to market sources, Buffett plans to dispose of all his Berkshire Hathaway shares within eight years.

According to Fortune, stablecoin payment infrastructure startup Velocity announced it has closed a $38 million Series A funding round. The round was led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, Wintermute and other investors. Velocity CEO Eric Queathem did not disclose the financing’s latest valuation. Founded in 2025, Velocity specializes in delivering stablecoin payment solutions for enterprises, payment service providers, fintech firms and financial institutions, enabling them to leverage USD-pegged tokens to optimize cross-border payments, fund settlements and capital management workflows. Currently, Velocity operates in the U.S., select European regions and Australia. Moving forward, the firm plans to use the new capital to apply for licenses, expand into Africa and Latin America, invest in building more secure asset custody infrastructure, and develop new features including stablecoin yield products.

According to Forbes, California-based fintech firm Flex has announced the completion of a $70 million Series B1 funding round led by Halo Fund. Its stablecoin-powered cross-border banking platform Flex Global currently offers multi-currency account services covering 32 currencies and 170 countries. Flex’s target clients are primarily mid-sized enterprises with annual revenues of $3 million to $200 million, spanning the construction, wholesale, and cross-border trade sectors. These businesses typically rely on numerous back-end tools and bear high cross-border remittance costs. Flex aims to help globally operating business owners integrate multi-currency accounts and cross-border financial services through a unified platform.

According to market sources, Oracle (ORCL.N) has rolled out an AI-native builder experience for creating and running agent applications in Oracle Fusion applications.

For the week ended June 27, the weekly change in U.S. ADP employment stood at 19,750, versus the prior reading of 21,000. (Jinshi)