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JPMorgan CEO: The U.S. Should Hoard Guns, Ammo, and Drones, Not Bitcoin

2 days ago

On June 3rd, during the inaugural Reagan National Economic Forum held in California, Jamie Dimon, the CEO of JPMorgan Chase, put forward a startling proposition: the United States should stockpile firearms, ammunition, and drones instead of Bitcoin. "We should be hoarding guns, bullets, fighter jets, drones, and rare earth resources. We all know that we have to do this; there is no controversy about it." Dimon mentioned the executive order signed by Trump in March to establish a Bitcoin reserve during his speech. This banking giant has always been known for its opposition to cryptocurrency (although JPMorgan Chase now allows customers to trade cryptocurrency). This stance is not surprising - the concept of sovereign currency and financial democratization is fundamentally at odds with the banking industry's rent-seeking model of "just give us your money for safekeeping." Dimon also raised a startling point: the true "domestic enemy" of the United States is eroding its global leadership position. He said, "What I'm truly worried about is ourselves - whether we can sort out our own code of conduct, values, management capabilities, and overall strength?" (Golden Finance)
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Salvadoran President Meets with White House Digital Asset Policy Advisor Bo Hines to Discuss Bitcoin and Digital Asset Collaboration

On June 5th, Salvadoran President Nayib Bukele had a meeting with Bo Hines, the White House Digital Asset Policy Advisor. During this meeting, they discussed the cooperation between the United States and El Salvador in the Bitcoin and digital asset field.

2 minutes ago

10x Research: ETH Showing More Resilience Than Expected, Approaching Key Technical Pattern Apex

June 5th. 10x Research issued an article stating that a year ago, when the market was highly enthusiastic about the launch of an Ethereum ETF, we adopted a relatively pessimistic contrarian stance. At that time, Wall Street had not discovered a compelling marketing narrative to attract institutional investors to such a product, and the on-chain activity on the Ethereum network was basically at a standstill. As a result, ETH dropped from $4000 to $1500. Today, with the market warming up against the backdrop of "Trump tariff relief concerns," the Ethereum price has also rebounded. Although we predicted a pullback a few days ago, the actual trend has turned out to be much more resilient than expected. From a technical perspective, Ethereum is approaching the apex of a large symmetrical triangle consolidation structure, and there is a potential breakout direction that could drive the price to $2000 or $3000. This trend will be extremely crucial and may be triggered by a fundamental change

2 minutes ago

Abraxas Capital has withdrawn 13,771 ETH from Binance in the last 12 hours.

On June 5th, according to the monitoring of LookOnChain, in the past 12 hours, Abraxas Capital withdrew 13,771 ETH (amounting to 36.4 million USD) from Binance.

2 minutes ago

A whale sold 57,800 TRUMP tokens 4 hours ago and still holds 370,400 TRUMP tokens.

On June 5th, according to The Data Nerd's monitoring, last month, a whale with the address BwsWU amassed 443,700 TRUMP tokens (approximately $6.34 million), with an average price of around $14.34. Four hours ago, the whale sold 57,800 TRUMP tokens ($624,000), incurring a loss of approximately $205,000. Currently, the whale still holds 370,400 TRUMP tokens (approximately $4.01 million), with an unrealized loss of about $1.31 million.

2 minutes ago

Meme Coin Season Index currently stands at 23

On June 5th, as per Coinmarketcap data, the Altcoin Season Index currently stands at 23. This index implies that among the top 100 cryptocurrencies by market capitalization, approximately 23 projects have outperformed Bitcoin in terms of price appreciation over the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time metric intended to assess whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.

2 minutes ago

Federal Reserve Beige Book: Gloomy Economic Outlook, Tariffs Mentioned 122 Times

On June 5th, the Federal Reserve Beige Book indicated that the U.S. economy had shown a slowdown over the past six weeks. Hiring activity had decelerated, and both consumers and businesses had expressed concerns regarding price increases associated with tariffs. Regarding inflation, the report noted that prices were witnessing a "moderate increase." However, there was a widespread anticipation among businesses that future costs and prices would rise at a more rapid pace. In the report issued on Thursday, the term "tariffs" appeared 122 times, which was an increase from 107 times in April. (FXStreet)

2 minutes ago

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