Odaily News Data provider Bitcoin Treasuries tracks information showing that public companies bought about 131,000 bitcoins in the second quarter, and their bitcoin balances grew 18%. Over the same period, bitcoin ETF holdings grew 8% to about 111,000 bitcoins. Nick Marie, director of research at Ecoinometrics, said: "Institutional buyers who access bitcoin through ETFs do not buy for the same reasons as public companies that are trying to accumulate bitcoin to ultimately increase shareholder value." However, at present, Bitcoin ETFs are still the largest holders of Bitcoin, holding more than 1.4 million bitcoins, accounting for about 6.8% of the fixed supply cap of 21 million, while public companies hold a total of about 855,000 bitcoins, accounting for about 4%. (CNBC)

Odaily News Fed Chairman Powell: It is impossible to say whether it is too early to consider a rate cut in July. (Jinshi)

Odaily News The Hong Kong SAR Government announced the appointment and reappointment of 20 non-official members of the Task Force on Third Generation Internet Development (Task Force) for a period of two years. The Chairperson is the Financial Secretary. The non-official members include: Professor Au Wai-chi, Cai Wensheng (newly appointed member), Norman Chan, Dagen Qiu, Zhu Chengyu, Dr. Kong Jianping, Guo Yanlin (newly appointed member), Lin Huizhen, Lin Junjie (newly appointed member), Professor Lin Chen, Lu Zhihong, Ma Zhitao (newly appointed member), Dr. Wu Jiezhuang, Professor Pan Shizheng, Alessio Quaglini (newly appointed member), Elizabeth Quat, Siu Yat, Chen Wenli, Wang Jiachao, and Dr. Xiao Feng

Odaily News Federal Reserve Chairman Powell reiterated that he would remain patient on interest rates. U.S. Treasury yields narrowed their gains slightly after Federal Reserve Chairman Powell reiterated that he would remain patient on interest rates. (Jinshi)

Odaily News At the opening of the US stock market, the Dow Jones Industrial Average fell 0.15%, the S&P 500 fell 0.30%, and the Nasdaq fell 0.39%. Tesla (TSLA.O)'s stock price fell 7.1% in early trading, the largest single-day drop since June 5.

Odaily News U.S. President Trump said he was willing to postpone the deadline for his domestic policy bill and promised not to be "too crazy" in terms of spending cuts. Trump said he hopes to pass the "big, beautiful" tax and spending bill before July 4, but he thinks it will be difficult to do so, so it may be passed around July 4. When asked if some of the proposed amendments were too radical, Trump said he did not want to be "too crazy" in terms of spending cuts, and that this was a very large bill, and that a smaller bill would be easier to pass, but he did not think the effect would be so good. (CCTV)