verse

The AI game creation platform Verse8 has completed a $5 million seed round of financing, with participation from Story Foundation, NEXPACE (Nexon's Web3 division), Neowiz, MARBLEX (Netmarble's Web3 division), Solarium Labs, and NEXUS.The new funds will be used to advance Verse8's core AI system, expand the onboarding and incentive programs for creators, and enhance its publishing and distribution infrastructure. Verse8 was co-founded by JC Kim and Kevin Lee, allowing creators to generate fully playable multiplayer games within minutes using natural language prompts, without the need to write code, install engines, or assemble large production teams.

Global market volatility has intensified, with spot gold experiencing a significant drop during the day, with intraday declines exceeding 5%, reaching a new low for this phase. Meanwhile, the price of BTC has shown relatively stable performance, fluctuating around $68,000. The phase divergence between gold and BTC reflects changes in capital allocation among different assets.According to CoinGlass data, the 24-hour trading volume of XAUT contracts is $2.744 billion, with an open interest of $451 million. Among them, the trading volume of XAUT contracts on the Gate platform is $230.8 million, with an open interest of $43.28 million, both ranking among the top three globally.Gate continues to strengthen its spot, contract, and ETF product system, supporting users in flexibly positioning long and short in volatile and structural markets, while ensuring a trading experience under extreme volatility with deep liquidity and risk control mechanisms. At the same time, the platform deepens its TradFi layout, supporting spot trading of stocks and metals, with contracts covering assets such as metals, indices, stocks, foreign exchange, and commodities, combined with USDT settlement and up to 100 times leverage, facilitating cross-market asset allocation and risk management.

The decentralized trading platform Universe Pro has announced the latest data from its UNAI Engine. Since its launch on January 25, the system has processed a total of 353,900 transactions within 50 days, achieving approximately $922,100 in on-chain profits.Data shows that the asset management scale is $3.15 million, with 4,581 users; the 30-day return rate is 27.41%; the MEV module contributed $824,200 in profits; and the market-making module contributed $97,900 in profits.The UNAI Engine was launched in two phases, first obtaining arbitrage profits through MEV, and later launching the DEX market-making module to provide liquidity, earn fees, and present high-frequency trading characteristics.CEO Mr. Phil stated, "Sustainable Web3 growth cannot rely on inflationary rewards or speculative cycles. The UNAI Engine proves that on-chain systems can break through execution efficiency through infrastructure." Unlike traditional DeFi liquidity mining models, the UNAI Engine dynamically allocates funds to three execution layers: MEV arbitrage, DEX market-making, and stablecoin payment settlement, breaking through the bottleneck of idle capital and achieving efficient allocation that is "market structure native."

Meta announced that starting June 15, users will no longer be able to build, publish, or update virtual reality worlds on Meta Quest headsets, nor will they be able to access Meta Horizon Worlds through Quest headsets. This virtual world feature will continue to be available on the Meta Horizon mobile app.A Meta spokesperson cited a blog post from February of this year, which mentioned that the company is shifting the focus of Worlds to "almost entirely mobile-centric." Earlier in January of this year, Meta had cut about 1,000 jobs from the Reality Labs division and closed several virtual reality game and content studios. Andrew Bosworth, head of Reality Labs and Chief Technology Officer, stated in a memo to employees that Meta will primarily focus on mobile experiences rather than immersive virtual worlds accessed through headsets.This move marks Meta's further retreat from the metaverse strategy previously championed by Mark Zuckerberg. Resources in Reality Labs have shifted from VR gaming to advancing wearable products aimed at AI goals, including Ray-Ban Meta smart glasses.

According to The Block, the Vietnamese Ministry of Finance is drafting regulations to prohibit its citizens from trading on overseas cryptocurrency platforms, while promoting a pilot program for local cryptocurrency exchange licenses.This move stems from regulatory concerns about the rising risk of capital outflow due to the popularity of cryptocurrencies and stablecoins. Chainalysis data shows that Vietnam's cryptocurrency trading volume exceeded $20 billion in the 12 months ending June 2025, ranking fourth in the global cryptocurrency adoption index. Cryptocurrency assets have been integrated into scenarios such as cross-border remittances, savings, and gaming. Currently, five institutions, including Techcombank, VPBank, LPBank affiliates, brokerage VIX Securities, and conglomerate Sun Group, have passed the first round of qualification review. The pilot program requires applicants to have a minimum paid-up registered capital of 10 billion Vietnamese dong (approximately $400 million), with a foreign ownership limit of 49%.

According to New Daily, the Financial Supervisory Service (FSS) of South Korea, the Customs Service, the Credit Finance Association, and nine credit card companies in the country signed the "Public-Private Cooperation Agreement to Block Transnational Criminal Funding" on the same day. The plan aims to cut off the funding chain for telephone fraud and virtual asset crimes at the source by analyzing overseas credit card usage details and entry and exit records.In the past, due to information gaps between agencies, the Customs Service had entry and exit data but could not monitor abnormal overseas consumption in real-time, while credit card companies had payment data but did not have access to cardholders' customs clearance dynamics. Under the new mechanism, the Customs Service will provide credit card companies with information on high-risk transaction trends, while the Financial Supervisory Service will establish guidelines authorizing credit card companies to take effective measures such as interrupting transactions when abnormalities are detected.Lee Chan-jin, the head of the Financial Supervisory Service of South Korea, stated that this move signifies that South Korea has established a normalized monitoring system to block the outflow of criminal proceeds at the source. The system will focus on precisely targeting currency exchange behaviors that involve cash withdrawals at overseas ATMs using overseas credit cards and laundering through cryptocurrencies.

Pieverse announced the launch of Purr-Fect Claw, upgrading OpenClaw to an AI Agent infrastructure capable of autonomously executing on-chain operations. Users can complete transactions, asset management, and automated operations directly through chat in social applications like WhatsApp, Line, and Kakao, without the need for a wallet or private key throughout the process.The product achieves secure key management through TEE (Trusted Execution Environment) and combines ERC-6551 to set Agent spending permissions and ERC-8004 to provide on-chain identity, allowing the AI Agent to safely execute on-chain actions.At the same time, Pieverse will launch the Purr-Fect Skill Store, creating a skill marketplace for AI Agents where developers can upload Skills and monetize them. Currently, it has integrated with ecosystems like BNB Chain and PancakeSwap.

CryptoQuant analyst Axel Adler Jr stated on social media that the current price of Bitcoin has risen above its fair value, and the market structure has significantly changed compared to two weeks ago.Axel Adler Jr pointed out that two weeks ago, the market was in a bearish dominant phase, with the price of Bitcoin below its fair value, and the model he used was also in a "Bear Regime" state. As of now, this structure has completely reversed—prices have risen above fair value, and the bears' control over the market has come to an end.

According to Cointelegraph, three Democratic senators from the United States have stated that they will oversee the Justice Department's alleged investigation into Binance for violating sanctions related to Iran. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego said in a joint statement that they will conduct oversight to ensure the Justice Department investigates Binance and holds it accountable for any wrongdoing.The Wall Street Journal reported on Wednesday, citing sources familiar with the matter, that the Justice Department is investigating whether Iran may have used Binance to evade sanctions. The senators stated that Binance has a documented history of prioritizing profits over the law, raising serious concerns about the company potentially violating U.S. sanctions laws again and funding activities related to terrorist organizations linked to Iran. Binance previously responded that it was unaware of any investigation but has been cooperating with regulatory and law enforcement agencies to investigate the facts. Binance has filed a lawsuit on Wednesday against a February article by The Wall Street Journal, claiming it constitutes defamation.

According to Cointelegraph, CryptoQuant data shows that as the demand for Bitcoin derivatives rebounds, the net buying volume of Bitcoin indicates that buyers are entering the market. Net buying volume is an indicator of the imbalance of power between active buyers and sellers in the derivatives market, and it has remained positive since the outbreak of the US/Iran war. This positive trend aligns with Bitcoin's recent price rebound to $74,000, indicating that demand in the derivatives market has returned.Coinbureau CEO Nic added, "This shows that the buying volume has surpassed the selling volume, and buyers are taking control of the market." TradingView data shows that Bitcoin has consolidated in the $62,000 to $72,000 range for over four weeks, with multiple attempts to break through $70,000 failing. From a broader perspective, the BTC price remains between the realized price (the average purchase cost of all circulating supply at $54,400) and the real market average price (the cost basis of actively traded coins at $78,000).Glassnode stated, "In the absence of broader macro headwinds, this range may support a bear market relief rally, with its upper limit constrained by the real market average price."Charts show that BTC prices have spent most of 2023 between these two cost levels, with relief rallies repeatedly stalling near the real market average price. Ultimately, in October 2023, with the announcement of the approval of the US spot Bitcoin ETF, the price broke through.Crypto trader and analyst Titan stated that if the BTC price breaks through the $78,000--$80,000 range, it could signal a change in the long-term trend.

Sonic Labs has launched the native stablecoin US Sonic Dollar (USSD), positioned as the core stable liquidity layer of the Sonic DeFi ecosystem. USSD is built on the infrastructure of Frax's frxUSD, backed by institutional endorsements from BlackRock, Superstate, and WisdomTree, and is pegged to the US dollar at a 1:1 ratio. It supports gas-free minting across more than 10 chains using assets like USDC and USDT, and is currently live on a total of 12 chains including Sonic, Ethereum, Base, and Arbitrum.Background of the launch: Sonic's TVL has plummeted 97% from its peak of $1.1 billion in May 2025 to $34 million, and the native token S has also dropped about 96% from its historical high of $1.03 in January 2025, with a market cap of only $150 million remaining.Sonic stated that USSD yields will flow back into the ecosystem for buybacks and incentives, aiming to build a self-reinforcing liquidity cycle and reduce reliance on external market makers.

According to monitoring by HyperInsight, the risk-hedging portfolio deployed by the whale starting with 0x7c9 has encountered two-way losses within the day, with a capital drawdown exceeding $500,000. Currently, its account net worth is approximately $1.88 million, while the total position size remains as high as $14.07 million.This whale previously held a heavy position of about $8 million in GOLD (gold-mapped contracts) and SILVR (silver-mapped contracts) long positions, while also maintaining a package of short positions worth about $6 million, covering 102 cryptocurrencies, including mainstream coins like BTC and ETH, as well as various altcoins, attempting to hedge against extreme risks. However, the market trend has completely diverged from its preset direction: precious metals have declined during the day, while the crypto market has shown some recovery. Both long and short positions are under pressure, and all previous floating profits have been fully reversed.

AIverse announced the official launch of the first iNFT (intelligent NFT) series Dolly on the 0G network. This series is positioned as the key to the Dolly ecosystem, aimed at transforming users' interactive behaviors into assets.The official statement indicated that, unlike traditional static digital collectibles or chatbots limited to corporate servers, Dolly possesses three core features: strong interactivity, persistent evolution over time, and complete asset sovereignty owned by users. The iNFT concept aims to transform NFTs from mere visual collectibles (like JPEGs) into "living digital entities with built-in intelligence," allowing users not only to hold the asset but also to engage in deep interactions and co-create application scenarios.

According to BlockSec monitoring, Inverse Finance is suspected of suffering a loss of approximately $240,000 due to an attack. YAM Finance responded in a post on platform X, stating that this incident is not a vulnerability in the Inverse contract, but rather related to the LlamaLend mechanism.According to their explanation, the attacker initiated a "donation attack" on sDOLA on LlamaLend, driving the price from about 1.188 sDOLA = 1 DOLA up to about 1.358 sDOLA = 1 DOLA, and subsequently liquidated almost all user positions that had crvUSD borrowed against sDOLA as collateral. It is still unclear why the increase in collateral value triggered liquidations, as it should logically keep users away from the liquidation line rather than bring them closer.It is worth noting that the "secondary effects" of this price anomaly are still ongoing. As a result, users who did not engage in leveraged operations on LlamaLend and only held sDOLA have seen their paper profits increase by about 14%. Additionally, DOLA is currently trading at about a 1% discount in the secondary market compared to its pegged value, and some community members suggest that borrowing users consider repaying their DOLA debts during this discount phase.

According to BlockSec monitoring, Inverse Finance is suspected to have been attacked, resulting in a loss of approximately $240,000.The incident may involve DOLA price manipulation, leading to multiple users being liquidated. Currently, BlockSec has contacted the relevant team but has not yet received a response.

According to the Hong Kong Economic Times, the Accounting and Financial Reporting Council (AFRC) submitted a proposed budget for the next fiscal year to the Hong Kong Legislative Council, suggesting a salary increase of 3.5% to support regulatory work in key and emerging areas such as artificial intelligence (AI) and virtual assets, and recommending the addition of 15 positions. It is reported that the AFRC previously released a report stating that companies involved in virtual asset trading belong to emerging industry projects and will be one of the targets for inspection. In addition, auditors currently face challenges including verifying the ownership and existence of virtual assets, the complexity of valuations, increased fraud risks, and the lack of unified accounting standards for virtual assets.

During the weekend following the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Assets" (Document No. 42), the relevant team from CICC Hong Kong has engaged with several public chains and exchanges to explore potential business cooperation.Additionally, a public chain leader expressed a desire to explore relevant cooperation opportunities with investment banks and other intermediary institutions. Institutions such as Ant Group and JD.com have also shown concern regarding policy changes. Reports indicate that Hong Kong is one of the overseas issuance locations for RWA. Regulatory insiders familiar with the situation stated that RWAs based on assets from Hong Kong are not within the regulatory scope of Document No. 42; if domestic securities or funds are involved as underlying assets and RWA issuance occurs overseas, it will be overseen by the relevant departments of the China Securities Regulatory Commission. The related statements emphasize that strict regulation will be implemented for RWAs involving domestic assets going abroad and should not be interpreted as a signal to encourage or relax regulatory measures.

According to Jinshi, the Federal Reserve accepted a total of $8.56 billion from 10 counterparties in its fixed-rate reverse repurchase operations.

According to CoinDesk, based on the analysis by NYDIG's research director Greg Cipolaro, there is a divergence in sentiment between U.S. institutional investors and offshore traders in the Bitcoin market.Currently, the annualized basis of CME (Chicago Mercantile Exchange) Bitcoin futures is higher than that of the offshore exchange Deribit, indicating that U.S. hedge funds and other institutions still prefer to pay a premium to maintain long positions, while interest in leveraged long positions in the offshore market has significantly decreased.In response to previous market rumors that the "quantum computing threat" caused Bitcoin to drop to $60,000, NYDIG believes that the data does not support this logic. Recently, Bitcoin's movement has shown a positive correlation with quantum computing-related stocks such as IONQ and D-Wave, rather than a reverse divergence. If quantum computing indeed poses a targeted threat, related stocks should rise when Bitcoin falls. The current synchronized decline reflects a general decrease in market risk appetite for long-term growth assets.Additionally, Google Trends data shows that an increase in related search volume typically accompanies a rise in coin prices rather than a decline, indicating that the topic is more driven by market enthusiasm rather than panic selling.