Major News Headlines for Today

1. JP Morgan to Allow Crypto Mortgage Loans
JP Morgan is planning to add cryptocurrency to its mortgage assets. Bloomberg reported on Jun. 4 that JP Morgan is considering BlackRock's Bitcoin(BTC) spot exchange-traded fund 'IBIT' as a collateral asset and will gradually add other cryptocurrency-linked assets to its collateralized assets.

2. Cryptocurrency Falls On Surprise Announcement Of Trump Steel's 50% Tariff Application
The cryptocurrency market fell when U.S. President Donald Trump announced on Jun. 4 that he would increase the tariff rate on steel and aluminum imported into the U.S. from 25% to 50%. President Trump announced in a White House proclamation that he would apply a 50% tariff rate on imported steel and aluminum from 0:01 on Jun. 4(local time). The cryptocurrency market began to decline from the afternoon of Jun. 4 to the morning of Jun. 5 in response to President Trump's announcement.

3. Trump Appointments to Appoint U.S. CFTC Chairman on Jun. 10
Brian Quintz, nominated by Trump as the next chairman of the U.S. Commodity Exchange Commission(CFTC), is scheduled to attend a congressional hearing on the 10th to deliberate on the appointment of the CFTC chairman. Brian Quintentz has been the policy director of global venture capital Andresen Horowitz's Web 3.0 and crypto-specialized investment bancher capital subsidiary a16z Crypto.

4. Circle Sets IPO Plan at $1.05 Billion
Circle, the issuer of stablecoin USDC, set its corporate value at $1.05 billion dollars in an initial public offering(IPO) announcement on Jun. 5. Circle announced that it plans to list 34 million shares on the New York Stock Exchange(NYSE) at a public offering price of 31 dollars through the IPO.

권승원 기자 ksw@blockstreet.co.kr