The Blockchain Group increases its capital by approximately 7.2 million euros to advance its Bitcoin reserve company strategy

BlockBeats has reported that on June 17th. According to Businesstimes, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" at the 2025 Sasana Symposium. This regulatory sandbox, which is led by Bank Negara Malaysia, will allow for the testing of innovative applications like Ringgit-backed stablecoins and programmable payments. The aim is to position the country as a regional fintech hub. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that the central bank is simultaneously upgrading the Rentas payment system, exploring cross-border payment interoperability, and asset tokenization. Previously, on April 23rd, the Malaysian Prime Minister met with Binance founder CZ to promote the adoption of blockchain and tokenization. This meeting highlighted Malaysia's aspiration to become a regional hub for blockchain innovation.

According to BlockBeats, on June 17th, analysts from the financial website Forexlive pointed out that before the release of the U.S. May retail sales data, the market's pricing for a Fed rate cut by the end of the year was 49 basis points. After the data was released, it slightly changed to 48.5 basis points. The FOMC meeting is scheduled to announce its rate decision at 2 a.m. Beijing time on Thursday, and retail sales data is one of the key points for discussion. The report showed an overall weak performance. However, the control group, which is the best indicator of consumer conditions, performed slightly better than expected, and the previous value was also upwardly revised. Overall, this is still a challenging report to interpret because there was a sharp sales spike in March due to tariff concerns, followed by two consecutive months of declines. (Jin Shi)

On June 17th, based on Santiment data, although the number of large Bitcoin holders has decreased over the past three months, the Bitcoin network has added 622 wallets holding more than 10 BTC in the past four weeks. This indicates that whales are returning to the market.

According to the news from BlockBeats on June 17th, after the release of U.S. retail sales data, U.S. short-term interest rate futures reduced their earlier increases. Meanwhile, traders maintained their expectations of a rate cut in September. (Jin10)

BlockBeats news, on June 17th, Bo Hines, the Digital Assets Policy Advisor at the White House, posted that he is looking forward to the final passage of the GENIUS Stablecoin Act. This significant legislation will: Enhance our payment channels to be in line with the digital age; Position the United States as a leader in digital asset innovation; Maintain the dollar's status as the world's reserve currency; Bring regulatory clarity to stablecoins; Offer Americans quicker, cheaper, and more reliable transactions. The future of finance has arrived—and the United States is prepared to take the lead.

On June 17, the publicly traded Canadian company LQWD Technologies Corp. announced the acquisition of an extra 5 Bitcoins, raising its total Bitcoin holdings to around 166 coins.