U.S. CFTC Commissioner: Cryptocurrency Perpetual Futures Contracts Can Trade in the United States

On July 2nd, Market News: The U.S. Senate passed the Trump administration's large-scale tax cut and spending bill (the "Beautiful Act") with a vote of 51 to 50. The bill has then been forwarded to the House of Representatives. (Kathy Wood)

On July 2nd, the US-listed company Oblong (OBLG) declared that it had spent $1.65 million during the previous week to boost its holdings by 5,025 TAO, with an average purchase price of $328.38. On June 6th, Oblong issued a statement announcing a $7.5 million private placement of shares for the purpose of purchasing Bittensor's TAO tokens and participating in its Subnet 0 staking program.

On July 2nd, based on market data, the US-listed company Oblong (OBLG) witnessed its intraday increase surpass 10%. The stock price is currently at $4.1, and the trading volume is $1.43 million. Oblong (OBLG) disclosed today that it spent $1.65 million last week to acquire an additional 5,025 TAO tokens.

On July 1st, Coinbase will introduce support for Wormhole (W) on the Solana network. Trading is set to commence on July 2, 2025, at 9:00 AM Pacific Time. If liquidity conditions are satisfied, the trading may start later.

On July 1st, during an event organized by the European Central Bank in Portugal, a person inquired of Federal Reserve Chairman Powell, "Has the frequent personal attacks by the U.S. President Trump added to the difficulty of your work?" Powell replied, "I solely concentrate on performing my job well. It is crucial to utilize our tools to attain the goals assigned by Congress: maximum employment, stable prices, and financial stability. That is where our entire focus lies, one hundred percent." The audience present on the spot, including ECB President Lagarde, gave applause. When asked whether he would continue to serve at the Fed after his term as Chair expires next May, Powell stated that he had no comment on that matter at present. (FX168)

On July 1st, at the event held by the European Central Bank in Portugal, Federal Reserve Chairman Powell said that without the tariff policy of U.S. President Trump, the Fed would have started to cut rates by 2025 and would currently adopt a looser monetary policy. When asked whether the uncertainty caused by the current U.S. government's tariff system had led the Fed to postpone rate cuts, Powell gave an affirmative reply and added that almost all forecasts for U.S. inflation had increased significantly due to the tariffs. Powell acknowledged that despite the increasing pressure from the U.S. government, the Fed is still in a mode of maintaining rates. Powell also stated that given the current instability of the economic outlook, the Fed is still observing the situation to obtain more information. (FXStreet)