Spot gold once again surpassed the $3400/ounce mark, up more than 1% on the day

Arizona legislative records show that HB 2749 has been officially signed into law by the governor, marking the establishment of the state's first crypto reserve.

The price of spot gold went up by more than 1%, once again rising above the $3,400/ounce mark.

According to Jinshi, the price of spot gold rose sharply, rallying more than 1% to trade above the $3,400/ounce mark again.

In addition, the U.S. stock futures index rose in early trading on Thursday. The Dow Jones Industrial Average futures rose 78 points, or about 0.23%. The S&P 500 index futures rose 13 points, or about 0.3%. The Nasdaq 100 index futures rose 66 points, or about 0.48%.

According to reports from multiple U.S. media outlets, Arizona Governor signed HB 2749 into law, establishing the first cryptocurrency reserve in the state.

According to the statement from the governor's office, the new law directs the state Department of Banking and Finance to create a cryptocurrency reserve to receive unclaimed virtual assets, airdrops and staking rewards. These assets will be held in their original form and used to fund financial literacy programs.

The U.S. Office of the Comptroller of the Currency (OCC) has issued new guidance (Interpretative Letter No. 1184), clarifying that U.S. national banks and federal savings associations can buy and sell crypto assets in their custody based on customer instructions, and allow outsourcing of crypto asset custody and execution services to third parties, provided that they comply with third-party risk management regulations.

The OCC's response was swift, issuing an interpretive letter the same day to national banks and federal savings associations, directly addressing the permissibility of U.S. banks engaging in crypto asset trading on behalf of customers.

Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world to hold USDC or USDB stablecoin balances, and can send and receive funds through fiat and crypto channels.

According to the announcement, the account is hosted by Stripe's Bridge, and funds can be transferred through ACH, wire transfer or crypto wallet, and support transfers to bank accounts or crypto addresses. Stripe also plans to provide USDB-denominated Visa card services.

USDB is a closed-loop stablecoin, which means it is not publicly available. USDB is an infrastructure stablecoin issued by Bridge. It always corresponds one-to-one to the equivalent amount of US dollar cash and short-term money market funds held by BlackRock.

The Fed kept interest rates unchanged for the third time, and took a cautious stance amid the increasing uncertainty in the economic outlook caused by tariff policies. Although the Fed believes that the overall economy is still "soundly expanding", the FOMC issued a rare warning in its post-meeting statement that the risks of high inflation and high unemployment are rising simultaneously, making the economic outlook even more confusing.

According to Jinshi, at 02:00 am Beijing time on Thursday, the Federal Reserve kept interest rates unchanged for the third time, maintaining the benchmark interest rate target range at 4.25%-4.50%, in line with market expectations, and took a cautious stance amid the increasing uncertainty in the economic outlook caused by tariff policies. Although the Federal Reserve believes that the overall economy is still "soundly expanding", the FOMC issued a rare warning in its post-meeting statement that the risks of high inflation and high unemployment are rising simultaneously, making the economic outlook even more confusing.

According to The Information, people familiar with the matter revealed that David Bailey, who advised Trump on cryptocurrency policy during his 2024 campaign, is raising $300 million to set up a publicly traded Bitcoin investment company. He follows a series of companies that have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through private placement of new shares and $100 million through convertible bonds.

According to Jinshi.com, U.S. Treasury Secretary Bessant said that the demand for U.S. Treasury bonds from digital assets will be as high as $2 trillion.

The Arizona Senate passed the Bitcoin reserve bill SB 1373 and sent it to Governor Katie Hobbs for final decision, reported Bitcoin News. Earlier news came that the governor vetoed the state’s strategic Bitcoin reserve bill SB 1025.

According to the bill passed by the Arizona House of Representatives earlier, the state will use the revenue from unclaimed cryptocurrency to invest in Bitcoin.

According to the report, the governor will decide whether to approve or veto the bill within 45 days.

Web3 bank Vaulta (formerly EOS) announced on the