JH Kim

The three major U.S. stock indices are showing upward trends. As of 00:47 on the 11th, the Nasdaq Composite is trading at 19,602.75 points, up 0.06% from the previous day. The Dow Jones Industrial Average is up 0.01% at 42,766.63 points, and the S&P 500 index is currently up 0.12% at 6,012.85 points.

The three major U.S. stock indexes closed mixed. On the 10th, the NASDAQ Composite Index rose 0.31% from the previous session to close at 19,591.24 points. The Dow Jones Industrial Average closed at 42,761.76 points, while the S&P 500 Index finished up 0.05% at 6,003.43 points.

On the 9th (local time), Eleanor Terrett, host of Crypto in America, reported on X (formerly Twitter) that United States Senate Republican leader John Thune had submitted a bipartisan amendment and a motion to conclude the main bill of the stablecoin regulation bill GENIUS (Genius). The related vote will be held this week, and 60 votes are required for the bill's final passage.

According to economic news account Walter Bloomberg, on the 9th (local time), United States Secretary of Commerce Howard Lutnick stated that there were "meaningful results in the US-China trade negotiations." Previously on this day, the US-China trade talks held in London, United Kingdom lasted for about 6 hours, and the negotiations are scheduled to resume at 10:00 a.m. (local time) on the 10th.

On the 9th (local time), Eleanor Terrett, a host of Crypto in America, reported via X (formerly Twitter) that Rodney Hood, acting head of the Office of the Comptroller of the Currency (OCC), reaffirmed that federal banking regulations take precedence over state laws. Some members of the virtual asset industry interpret the OCC’s statement as an attempt to expand federal agency oversight of virtual assets, raising concerns that the regulatory authority of state governments could be weakened.

U.S. President Donald Trump on the 9th (local time) criticized protesters opposing the crackdown on illegal immigrants in Los Angeles (LA), California, calling them 'rioters.' According to CNN, President Trump, speaking to reporters at the White House, said regarding the LA protests, "Those causing trouble are professional agitators and rioters. They are bad people and should be in jail." Through 'Truth Social,' President Trump stated, "Deploying the National Guard to suppress the violent and inflammatory riots in California was an excellent decision," adding, "Had we not done so, LA would have been completely destroyed." He also said, "The very incompetent California Governor Gavin Newscum and LA Mayor Karen Bass should have said, 'President Trump, thank you so much. You are truly outstanding, and we are nothing without you.'" He continued, "Nevertheless, they deny that we helped, claiming that this incident was a peaceful protest and lying to the people of California and the citizens of America." Additionally, President Trump emphasized, "Anyone can see the situation just by looking at the photos and videos of violence and destruction," and "We will always do what is necessary to protect the safety of the people, and together, we will make America great again." Meanwhile, protests against the large-scale crackdown by Immigration and Customs Enforcement (ICE) have continued for three days in LA since the 6th. Over the past weekend, clashes between police and protesters intensified the demonstrations near downtown LA. In response, President Trump signed a presidential memorandum on the 7th to deploy 2,000 National Guard troops for riot control, and also suggested the possibility of invoking the 'Insurrection Act.'

According to The Block, a media platform specializing in virtual assets (cryptocurrencies), on the 9th (local time), the US House of Representatives has newly included a software developer protection clause in the large-scale Digital Asset Market structure bill under discussion. This is interpreted as a result of continued pressure from the virtual asset industry. The House is set to review amendments for major virtual asset bills, including the Digital Asset Market Clarity Act, and the newly revised bill contains a provision that developers of non-custodial P2P platforms will not be treated as unlicensed money transmitters. This clause was drawn from the Blockchain Regulatory Certainty Act, jointly introduced last month by Republican Representative Tom Emmer and Democratic Representative Ritchie Torres, and is regarded as a key safeguard for developer protection. Major organizations such as Coin Center, DeFi Education Fund, Crypto Council for Innovation, Uniswap Labs, and Blockchain Association commented, "This is an important step forward that protects developers of decentralized P2P technology while maintaining robust oversight for custodial institutions." The revised bill totals 247 pages and was submitted to replace the entirety of the previous bill. The House Financial Services Committee is scheduled to review a total of 8 virtual asset-related bills on this day. The Clarity Act specifies the jurisdictions of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as requirements for asset segregation and disclosure of information by virtual asset companies. However, the advancement of the bill faces opposition from some Democratic representatives. In particular, concerns have been raised about President Donald Trump's activities related to virtual assets. Recently, Trump launched the 'World Liberty Financial (WLFI)' project and his own stablecoin, and caused controversy by holding a dinner inviting major holders. Meanwhile, Democratic aides recently criticized the SEC during a technical advisory meeting, claiming that SEC officials evaded questions and appeared unwilling to discuss key aspects of the bill. The official review of this bill is scheduled to begin at 10 a.m. (local time) on the 10th.

According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), on the 9th (local time), the United Kingdom Bankruptcy Administration has recruited a virtual asset expert for the first time. The Bankruptcy Administration is responsible for returning assets to creditors in bankruptcy cases, and the newly joined virtual asset expert, Andrew Small, is expected to focus on criminal cases in the future. It is reported that the amount related to virtual assets in bankruptcy cases in the United Kingdom over the past five years is approximately $700,000.

The three major U.S. stock indexes are showing mixed movements. As of 00:04 on the 10th, the Nasdaq Composite Index is trading at 19,594.70 points, up 0.33% from the previous session. The Dow Jones Index is down 0.23% at 42,666.65 points, while the S&P 500 Index is up 0.08% at 6,005.35 points.

The three major U.S. stock indexes closed higher. The NASDAQ Composite Index rose 1.01% from the previous day to close at 19,529.95 points. The Dow Jones Index gained 1.05% to finish at 42,762.62 points, and the S&P 500 Index ended trading up 1.01% at 5,999.48 points.

Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC) in the United States, commented on the 24-hour derivatives trading proposals, stating that these proposals were all limited to products based on virtual assets (cryptocurrencies). According to Eleanor Terrett, host of Crypto in America, on the 6th (local time), acting chair Caroline Pham emphasized in a recent speech that "24-hour trading has the advantage of enabling real-time responses" and that "it can play an important role particularly in the aspect of risk management." Previously, in April, the CFTC held a public hearing on a system allowing year-round, 24-hour trading of derivatives, gathering public input; this recent statement officially confirmed the content of the proposals submitted at that time. This discussion is being evaluated as an important turning point for the future institutional development and possible expansion of the derivatives market based on virtual assets.

According to the economic news account Walter Bloomberg on the 6th (local time), U.S. President Donald Trump is scheduled to hold talks with China in London on June 9 (local time).

According to economic news account Walter Bloomberg on the 6th (local time), the cryptocurrency exchange Gemini has filed for an initial public offering (IPO) in the United States through a confidential process.

U.S. President Donald Trump continued his blunt criticism toward Elon Musk, CEO of Tesla. According to CNN on the 6th (local time), President Trump said about Musk, "I probably won't talk to him for a while" and added, "I wish him well." He further stated, "I'm not even thinking about Musk," and then added, "There's something wrong with him. That poor guy has issues," making remarks that portrayed Musk as mentally unstable. Previously, Musk had publicly opposed the Trump administration's key tax cut policy embodied in the 'Big, Beautiful Bill,' calling it 'disgusting and repulsive.' Regarding this, President Trump expressed displeasure at Musk's comments during a meeting with German Chancellor Friedrich Merz at the White House the previous day when talking to reporters. President Trump also mentioned, "Musk and I had a good relationship, but I'm not sure anymore. I was very disappointed. I was surprised."

The three major U.S. stock indexes are showing gains. As of 00:35 on the 7th, the NASDAQ Composite Index is trading at 19,512.06 points, up 1.11% from the previous day. The Dow Jones Industrial Average is up 0.81% at 42,662.62 points, while the S&P 500 Index is recording a 0.90% increase at 5,993 points.

According to Unfolded, a virtual asset (cryptocurrency) analytics platform, on the 6th (local time), Germany's largest commercial bank, Deutsche Bank, is reportedly considering the introduction of stablecoins and tokenized deposits.