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According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.

According to Jinshi reports, Federal Reserve official Hamak stated that they are currently focusing on multiple inflation indicators to assess the economic situation and the direction of monetary policy adjustments.

According to The Block, U.S. House Representatives Nick Begich and Jared Golden have proposed the "American Reserve Modernization Act of 2026," which aims to establish a U.S. strategic Bitcoin reserve and create an independent digital asset reserve for non-Bitcoin assets.The bill stipulates that the Bitcoin included in the reserve must be locked for at least 20 years, during which it cannot be sold, exchanged, auctioned, or otherwise disposed of. Unlike the previously proposed "BITCOIN Act," which aimed to purchase 1 million Bitcoins within 5 years, ARMA does not set a specific purchase target but instead requires the Treasury and Commerce Departments to study ways to increase asset holdings through a "budget-neutral" approach.The bill also requires federal agencies to disclose their held digital assets within 60 days of the bill's enactment and implement quarterly reserve proofs, independent audits, and congressional oversight.

According to Jinshi reports, Cleveland Fed President Harmack stated that the wording in the Federal Reserve's policy statement suggesting that the next action will be a rate cut is inconsistent with her assessment of the economic outlook. She believes that the signals conveyed by the statement could mislead the market, as her baseline expectation is that interest rates will remain unchanged for a considerable period. Harmack also mentioned that the economic outlook and future policy path face higher uncertainty, and the duration of the Iran war will be a key factor.

According to Jinshi reports, Federal Reserve official Hamak stated that a rate cut exceeding a reasonable range will raise inflation.

According to Jinshi reports, Federal Reserve's Harker stated that the baseline scenario is that interest rates will remain unchanged for an extended period.

According to Jinshi reports, Federal Reserve's Harker stated that given the current economic outlook, the Federal Reserve's "clear easing bias" is no longer appropriate.

This morning, 60,000 ETH were redeemed from Ethereum staking and transferred to Coinbase. According to analysis by Yu Jin, the owner of this ETH is Andrew Keys, co-founder of DARMA Capital, and this ETH has been staked for nearly 5 years.In recent days, these ETH have been largely redeemed and aggregated, then transferred to Coinbase. During the nearly 5 years of staking, these ETH earned approximately 18% in coin-based returns (16,000 ETH, worth 34.2 million USD).

According to market news, Changshou Medicine and the RAIN token asset pool Enlivex announced that they have obtained $21 million in debt financing from the New York institutional fund The Lind Partners.The company stated that it will continue to implement its predictive market token asset pool strategy, adding approximately 3 billion RAIN tokens, which will be used to support the company's operational plans. Enlivex is a Nasdaq-listed company that is developing therapies for joint diseases such as osteoarthritis, while holding a large position in RAIN as part of the RAIN digital asset pool. RAIN is a decentralized predictive market protocol token deployed on the Arbitrum network, which determines outcomes through AI and employs a buyback and burn mechanism. Enlivex's stock price is currently around $1.05, down about 5% for the day.

According to CoinDesk, the American pharmaceutical company NovaBay Pharmaceuticals announced its name change to Stablecoin Development Corporation and changed its stock ticker from NBY to SDEV, marking its shift from the medical field to cryptocurrency and stablecoin development.The company previously completed a $134 million private placement and established a holding of SKY tokens, currently holding approximately 2.06 billion SKY, accounting for about 8.78% of the total supply. The company has begun staking its SKY tokens and has currently earned approximately 26.6 million in rewards.

According to Jinshi, Federal Reserve's Harker stated that stablecoins could boost demand for the dollar.

According to Jinshi reports, Fed's Harker stated that the Federal Reserve's policy is in a favorable position to effectively address inflation and employment challenges.

According to Jinshi, Federal Reserve official Hamak stated that the balance sheet reduction process needs to be gradual to ensure market stability.

According to Jinshi reports, Federal Reserve official Hamak stated that from a policy perspective, the Federal Reserve is in a good position and is expected to maintain interest rates unchanged for a considerable period of time.

According to Jinshi, Federal Reserve's Harker stated that it is crucial to maintain policies that can both drive inflation back to target levels and balance the potential weakness in the labor market.

According to Jin Ten, Federal Reserve official Harker stated that the current level of inflation is still "too high."

According to Jinshi reports, Fed's Harker stated that achieving a 2% inflation rate is crucial before any further adjustments to interest rates.

According to Jinshi, Federal Reserve official Harker stated that the current Federal Reserve target interest rate is "close" to neutral levels.

According to Jinshi reports, Federal Reserve's Harker stated that the Federal Reserve's interest rate policy may remain unchanged "for quite a long time."

Coinkarma founder Benson Sun stated that Binance is indeed responsible for the crash on 1011, but the core issue does not lie with USDe, as the timeline does not match. The lowest point of the market crash was at 5:20, while USDe reached its lowest point of $0.65 at 5:54. The extreme de-pegging occurred 30 minutes after the market began to rebound, indicating that the extreme de-pegging of USDe was a secondary disaster rather than the trigger for the crash.Benson indicated that based on an analysis of extreme market conditions over the past six years, the price difference between Binance and other trading platforms during each extreme event has typically been within 5%. However, on the day of 1011, more than half of the cryptocurrencies had the lowest prices on Binance, with many deviations exceeding 50% or even 100%. Such a scale of price misalignment has not been seen in any previous black swan events. Additionally, at that time, the price of the same cryptocurrency in the USDT trading pair was significantly lower than that in the USD trading pair. This suggests that there was likely a problem with Binance's system at that time.If the point of failure was elsewhere, the most liquid Binance should not have the lowest prices. Furthermore, the withdrawal of liquidity by market makers is not the main cause. The public opinion expressed by OKX Star has sparked discussion, which is a good thing, but the focus may have been misplaced.