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The price for this transaction includes $1.2 billion in cash and $2.3 billion worth of shares from a certain exchange. Expand

Golden Ten Data, June 30 — The US Dollar Index fell on June 29. The index, which measures the dollar against six major currencies, dropped by 0.25% and closed at 101.105 in the foreign exchange market. By the close in New York, 1 euro exchanged for 1.1425 US dollars, higher than the previous trading day's 1.1386 US dollars; 1 pound exchanged for 1.3257 US dollars, higher than the previous trading day's 1.3200 US dollars. 1 US dollar exchanged for 161.97 yen, higher than the previous trading day's 161.74 yen; 1 US dollar exchanged for 0.8075 Swiss francs, lower than the previous trading day's 0.8097 Swiss francs; 1 US dollar exchanged for 1.4203 Canadian dollars, higher than the previous trading day's 1.4192 Canadian dollars; 1 US dollar exchanged for 9.7084 Swedish kronor, lower than the previous trading day's 9.7409 Swedish kronor.

Jinse Finance reported that on June 30, two senior executives from JPMorgan stated that if stablecoin innovation allows for interest generation and yields, it could easily evolve into “shadow banking”. Umar Farooq, Global Co-Head of Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions at the company, issued a statement calling for the United States to establish a comprehensive digital asset framework, though without directly referencing the “Clarity Act”. The statement noted that “tokenization and programmable money” offer key innovations for global payments and 24/7 real-time settlement. However, yield-bearing stablecoins could veer into “shadow banking”, so stablecoins should be subject to “the same regulatory standards as traditional deposit products”.