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According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) has fallen more than 1.5% during the day, with the current exchange rate at 155.49.

According to Jinshi reports, the USD/JPY short-term plummeted 60 points, with an intraday decline of over 0.5%, currently reported at 157.06.

According to Cointelegraph, Tether CEO Paolo Ardoino stated that Tether's AI research team will release another breakthrough in the field of local AI this week.

According to Benchmark Studio, after the China Securities Regulatory Commission issued inquiries to multiple companies regarding overseas shareholding structures, Chinese tech startups such as Moonshot AI and DeepRoute.ai are evaluating the feasibility of relocating their company registration from overseas back to China. They are currently discussing related plans with lawyers and have not yet made a final decision. Shanghai AI model developer StepFun has taken the lead in initiating the process of dismantling its overseas shareholding structure to expedite the regulatory approval process for its Hong Kong IPO.The direct trigger for this tightening of regulations was Meta's acquisition of the AI agency Manus, founded by Chinese individuals, for $2 billion—relevant authorities have ordered the cancellation of this acquisition, leading to a systematic review by regulators of the "domestic operation, overseas registration" company model.Dismantling the red-chip structure is complex, typically taking six months to a year, involving multiple steps such as repurchasing offshore equity, establishing joint ventures, and investors re-entering shares. Additionally, the lock-up period for joint ventures listed in Hong Kong lasts up to 12 months, which is twice as long as that for ordinary red-chip stocks. Analysts point out that if the red-chip structure faces comprehensive restrictions, it will significantly weaken the ability of Chinese startups to obtain dollar financing from overseas.

TD Cowen pointed out that the disagreements surrounding the stablecoin yield mechanism remain difficult to bridge, which may delay the advancement of the U.S. crypto market structure bill and even affect its chances of passing within the year.Several banking organizations, including the American Bankers Association, have formally opposed the relevant compromise proposals, arguing that allowing crypto platforms to offer stablecoin yields to users would impact traditional banks. Analysts state that the positions of banks and crypto platforms on this issue are opposed, and in the short term, "there is unlikely to be a middle ground," which has become a key obstacle in the current legislative process.

According to information from the Hyperliquid testnet, the platform is testing new event contracts, including a 15-minute cryptocurrency rise and fall market.

According to SolanaFloor, the on-chain reinsurance company OnRe Finance has completed a $5 million financing round, led by Forward and Rockaway. The funds will be used to accelerate the development of on-chain reinsurance business on the Solana network.Forward plans to deploy up to $25 million in OnRe's ONyc token to gain exposure to tokenized reinsurance returns.

According to Forbes, the Bitcoin mining company GoMining plans to launch its Bitcoin native payment protocol GoBTC, based on its own block production, at the Consensus conference.The protocol offers users instant authorization and settlement on the Bitcoin mainnet within a few hours, charging merchants a fee rate of 0.2%, which is an order of magnitude lower than the 1.5% to 3.5% rates of Visa and Mastercard.

According to GlobeNewswire, Nasdaq Bitcoin mining company Cipher Digital announced that it has secured a $200 million revolving credit facility supported by several global financial institutions. The new funds will be used to enhance liquidity and continue expanding the capabilities of its AI and HPC data center platform.In addition, the company disclosed in its Q1 financial report that revenue reached $35 million and completed the signing of a lease agreement for a third artificial intelligence data center campus.

According to PR Newswire, Hyperscale Data, a company listed on NYSE American, announced that its Bitcoin treasury holdings have increased to 680.9595 coins, with a total market value of approximately 53.5 million USD.Among them, its wholly-owned subsidiary Sentinum holds 614.0338 Bitcoins (including approximately 439.9031 Bitcoins acquired on the open market and about 174.1307 Bitcoins obtained from its Bitcoin mining operations, as well as approximately 66.9257 Bitcoins purchased from the open market by another subsidiary ACG). Its goal is to reach a Bitcoin value of 100 million USD on its balance sheet.

According to BTCtreasuries, the French listed company Sequans Communications has sold 1,025 BTC, and the current total holding is 1,114 BTC.

According to Jinshi News, the USD/JPY rose by about 40 points to 157.87, and has now fallen back to 157.55.

South Korean listed IT service provider ITCEN Global announced that it has raised 40 billion won (approximately 3 million USD) through the issuance of convertible bonds. This round of fundraising was fully subscribed by ITC Holdings, which is wholly owned by KCGI Innovation Growth ESG Fund. The funds will be used to expand new businesses such as Web3 and security token offerings (STO). The company stated that if the regulatory framework for digital assets in South Korea is established in the second half of the year, related businesses are expected to accelerate.

According to official news, Coinbase announced a partnership with the crypto derivatives OEMS (Order and Execution Management System) and PMS (Portfolio Management System) provider Kemet.Through this collaboration, Coinbase Exchange, Coinbase Derivatives Exchange, Coinbase International Exchange, and Deribit will be integrated into the Kemet platform, allowing institutional clients to access Coinbase's trading venues through a single interface, routing order executions between spot, futures, and options.As part of the partnership, Coinbase Ventures will make a strategic investment in Kemet to support long-term collaboration aimed at achieving the goal of supporting large-scale advanced trading. Kemet's platform supports advanced multi-leg options strategies, smart order routing, automated Delta hedging, and spread trading algorithms, all of which are capabilities required for institutional trading desks to execute complex derivatives strategies at scale.Coinbase stated that its goal is to become the most trusted and comprehensive trading platform, continuously expanding the types of assets customers can trade and the ways to execute complex derivatives strategies. Kemet, as an open multi-broker platform, enables institutions trading across multiple venues to seamlessly access and prioritize Coinbase markets.

According to Bloomberg, Haun Ventures, a crypto venture capital firm founded by former a16z partner Katie Haun, has successfully raised approximately $1 billion for a new fund, expanding its investment scope from blockchain infrastructure to the field of AI Agents. This fundraising scale is particularly notable against the backdrop of a general contraction in the crypto VC space.According to SEC disclosure documents obtained by Fortune magazine, by 2025, the management scale of leading firms such as Paradigm, Pantera, and a16z crypto will have shrunk across the board, while Haun Ventures is the only fund to achieve counter-cyclical growth, with its assets under management increasing from the initial $1 billion to $2.5 billion.Katie Haun served as a federal prosecutor for over a decade and created the first cryptocurrency task force for the U.S. government, later becoming the first female partner at a16z. Her unique compliance and policy background allows Haun Ventures to focus more on B2B solutions that are compatible with traditional finance in its investment strategy.The fund has successfully positioned itself in the payments sector, with its lead investments in Bridge and BVNK being acquired, with valuations rising from $200 million and $750 million to over $1.1 billion and $1.8 billion, respectively. The new fund will continue its strategic focus on the intersection of crypto technology and emerging technologies, with AI agents becoming the latest key direction.

According to CoinDesk, Kraken's parent company Payward submitted a second amended complaint to the U.S. District Court for the District of Colorado, suing former custody partner Etana Custody and its CEO Dion Brandon Russell, accusing them of misappropriating over $25 million in customer funds and operating a "Ponzi scheme."Payward claims that Etana mixed custodial assets with its own funds to pay for operational expenses and high-risk investments, and covered up the funding gap with false account reports.In April 2025, when Kraken attempted to withdraw about $25 million in reserve funds, Etana delayed the process citing false reconciliation issues and relied on new deposits to fill the gap. Among these, at least $16 million was invested in a promissory note from Seabury Trade Capital, which later defaulted.Colorado regulators subsequently issued a cease and desist order against Etana, which entered liquidation proceedings in November 2025 and is currently managed by a court-appointed receiver. Kraken is seeking at least $25 million in damages and triple civil theft damages.

According to GlobeNewswire, Bitcoin mining hosting and cloud services company Applied Digital announced that it has secured a $300 million senior secured bridge loan led by Goldman Sachs to advance its AI data center project construction.This financing is secured by project assets, can be repaid early without penalty, and will seek additional long-term financing in the future to support the development and construction of the AI data center.

According to GlobeNewswire, Nasdaq-listed Bitcoin treasury company K Wave Media announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support for building an AI infrastructure platform, focusing on data center investments, GPU computing power leasing, and mergers and collaborations in key AI infrastructure.In addition, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to the original shareholders, a transaction expected to reduce debt by approximately $48 million, which still requires shareholder approval at the annual meeting in July 2026.

According to Jinshi reports, Morgan Stanley strategists stated that strong U.S. corporate earnings, particularly in the booming technology sector, have overshadowed concerns about the potential pressure the Middle East conflict may place on the stock market.The team led by Michael Wilson wrote in a report that over the past month, earnings expectations for the S&P 500 index have been revised upward across multiple time frames. Earnings expectations for the second quarter have been raised by 2%, while expectations for the full year of 2026 and the next 12 months have been increased by 3% and 4%, respectively.

According to Jinshi reports, U.S. stocks of Chinese concept stocks rose broadly before the market opened, with NIO (NIO.N) up 3%, Alibaba (BABA.N) up 2%, and Li Auto (LI.O) up 1%.