Trump's Second Son Hints at Possible US Presidential Run

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)

On July 1st, Virtuals Protocol announced on X that the Governance Portal feature has become live. Any wallet holding at least 0.1% of the total veVIRTUAL supply is able to create a proposal. Once a proposal is submitted, it will enter a 72-hour discussion period for public review and comments, and during this time, voting is disabled. After the period ends, the protocol will take a snapshot of all veVIRTUAL balances, and this snapshot will permanently fix each wallet's voting power on the proposal. The voting period will last for 72 hours. Virgens can directly vote "For" or "Against" on the blockchain. After the voting period, the results will only be valid if at least 25% of the veVIRTUAL members participated in the vote.

On July 1st, Azuki made an official announcement regarding the establishment of an anime studio. This studio is collaborating with COMISMA and Xenotoon and is committed to the development, production, and worldwide distribution of anime.

On July 1st, Raj Dhamodharan, the Chief of Cryptocurrency and Blockchain at Mastercard, announced that Mastercard is recruiting two Vice Presidents to expand its crypto business. The positions consist of a Vice President for Digital Asset Ecosystem Growth and a Vice President for Financial Institution (FI) Growth. The first role will be responsible for overseeing strategic partnerships in the digital asset domain, working together with issuers, infrastructure providers, and startups to scale solutions like Mastercard's Multiple Token Network (MTN) and Crypto Credential. The second role will concentrate on collaborating with financial institutions to develop blockchain applications, such as commercial payments, cross-border transactions, and asset tokenization.