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According to Jinshi News, the President of the Hong Kong Monetary Authority, Yu Weiman, stated in a media interview that Anchor Technology is expected to launch a stablecoin by mid-year and will begin trial use in a few weeks. HSBC is expected to launch a stablecoin in the third to fourth quarter of this year, with different application scenarios; Anchor Technology focuses on cross-border payments, while HSBC emphasizes retail payment scenarios. Yu Weiman emphasized that Hong Kong will continue to attract global capital inflows.

According to The Block, Starknet has launched a zero-knowledge privacy framework STRK20, providing balance shielding and private transfer capabilities for any ERC20 asset on the network, and it has been first implemented on strkBTC. This framework allows developers to introduce privacy features for scenarios such as transfers, exchanges, lending, staking, payments, and donations without the need to build a separate privacy system.STRK20 embeds a "shielding" mode in the asset path, rather than using a traditional mixer structure, while introducing a viewing key mechanism that selectively discloses specific wallet information only upon receiving legally binding requests, balancing privacy protection with compliance requirements. StarkWare CEO Eli Ben-Sasson believes that such ZK privacy solutions are expected to make regulatory investigations more precise and reduce the collateral impact on a large number of wallets.

According to Onchain Lens monitoring, BlackRock's associated address transferred 3,966 BTC to Coinbase, worth approximately $244.4 million.On-chain data shows that this is another large BTC transfer from BlackRock to Coinbase recently. Previously, BlackRock transferred 3,300 BTC and 15,095 ETH to Coinbase, with a total value exceeding $234 million.

According to a report by Fortune, the DeFi lending protocol Morpho has completed a $175 million financing round at a valuation of $2 billion, led by a16z crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others.Morpho allows institutions to customize lending markets and risk parameters on-chain, and has already attracted users such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. The protocol has a total locked value of approximately $6.6 billion and is accelerating its competition with traditional DeFi lending protocols like Aave, while planning to further expand into high-yield DeFi asset allocations sought by traditional financial institutions.

Former U.S. President Trump and his family have collectively profited approximately $2.3 billion through four cryptocurrency ventures: World Liberty Financial, TRUMP Meme Coin, American Bitcoin, and ALT5 Sigma (now AI Financial), while related investors have also faced a total unrealized loss of about $2.3 billion.Reports indicate that around 75% of the token sale revenue from World Liberty Financial has flowed to the Trump family. Meanwhile, the price of TRUMP Meme Coin has retraced about 97% from its historical peak, and the stock prices of ALT5 Sigma and American Bitcoin have also seen significant declines.The report cites some investors' views that they overlooked risk management due to the "presidential endorsement." Some investors are currently considering legal action.

According to Lookonchain, an address "0x97f8" opened a short position on the S&P 500 related contract xyz:SP500 today, using 50x leverage to short 15,001 contracts, with a notional size of approximately $111.6 million. The current liquidation price for this position is 8294.9 points, which is only about 9% buffer space compared to the current S&P 500 level of around 7600 points, meaning that if the index continues to rise in a high-leverage environment, the account will face a high risk of liquidation.

The National Internet Emergency Center (CNCERT) stated that some skill packages for large models are being disseminated under names like "large model jailbreak" and "mining for profit," which are used to bypass model security restrictions or induce users to perform mining operations.The report specifically names Skill "godmode," which achieves jailbreaking through methods such as replacing system prompts and input obfuscation, potentially leading to the generation of illegal content, triggering service bans for large models, and risks of privacy leakage; Skill "Bonero-Miner" guides users to download mining programs to mine the anonymous Bonero coin, posing risks of being involved in money laundering and economic losses due to high device load.CNCERT advises individuals and enterprises to obtain Skills only from official channels, strictly control permissions and access whitelists, and regularly clean up suspicious components.

According to GMGN data, the SOL ecosystem Meme coin Jotchua has increased by over 100 times during the day, with a market value surpassing 5.7 million USD, currently reported at 5.78 million USD.Information shows that the token narrative of Jotchua originates from a classic dog Meme image that has been widely circulated on the Spanish-speaking internet since 2021, featuring a golden retriever puppy being held up and looking directly at the camera. This image is known as "Jotchua," also referred to as "Esquizo" or "Perro Dinero (Wealth Dog)," and is often used in Latin American internet culture to express absurd humor, wealth fantasies, and other content.ChainCatcher reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Gate announced that the first phase of its IPO Access project has officially launched, with SpaceX as the initial offering. Users can now submit their intention to subscribe through the Gate platform to participate in investment opportunities for popular company IPOs. The event adopts an "intention to subscribe" mechanism, and the platform will calculate the allocation weight based on the average locked amount during the subscription period.Ultimately, users may receive full allocation, partial allocation, or no allocation at all, with the specific results determined by the project's issuance situation and the actual allocation amount obtained by the platform. After receiving the IPO allocation, the corresponding stocks will be directly distributed to the Gate stock account. After the allocation ends, the relevant stocks will be listed on the Gate stock section on June 12, allowing users to directly engage in real stock trading or hold them, achieving a seamless transition from IPO subscription to secondary market trading.As an important part of Gate's stock business, IPO Access provides users with a new channel to participate in the subscription of globally popular companies going public. Currently, with the launch of IPO Access, Gate is gradually improving its product ecosystem covering Pre-IPO, IPO, and stock trading, providing users with a more convenient one-stop global investment experience.

The institutional-level digital asset custody platform Zodia Custody announced that it has obtained a payment institution license issued by the Luxembourg financial regulator CSSF (Commission de Surveillance du Secteur Financier), allowing it to compliantly provide electronic money token (EMT, i.e., stablecoin) custody and transfer services across the EU.Zodia Custody stated that this approval is a further expansion based on its already obtained MiCA license, which will enhance its digital asset service capabilities for institutional clients. The company believes that as the application of stablecoins in payment settlement, liquidity management, and corporate fund operations continues to grow, the ability to custody and transfer stablecoins will become a core configuration for digital asset infrastructure providers.Founded in 2020, Zodia Custody focuses on the institutional client market, with shareholders including Standard Chartered Bank, Northern Trust, SBI Holdings, Emirates NBD, and National Australia Bank. Following the approval of the Luxembourg license, Zodia Custody has obtained relevant regulatory licenses in multiple jurisdictions, including the UK, UAE, Hong Kong, Singapore, Australia, and the EU.

Bitcoin briefly fell below $60,000 last Monday, marking the worst weekly performance since the FTX exchange collapse in 2022. As of last Sunday, Bitcoin had accumulated a 16% decline over the past 7 days, retreating more than 50% from its historical high of over $126,000 in 2025. Several market analysts warned that the current rebound may be difficult to sustain, and Bitcoin may not have reached the bottom of this cycle yet. Griffin Ardern, co-founder of Primal Fund, stated that the market is still quite far from the "true bottom."Data shows that the U.S. spot Bitcoin ETF has recorded net outflows for 13 consecutive trading days, with a total outflow of approximately $5.5 billion. At the same time, Bitcoin fell below the 200-week moving average, widely regarded as a key support level, further weakening market confidence. Paul Howard, a senior executive at crypto trading firm Wincent, described the current market as a "silent bear market," believing that falling below the 200-week moving average is an important confirmation signal for the market entering a bear phase.Analysts pointed out that the ongoing conflict between the U.S. and Iran, the reversal of expectations for Federal Reserve interest rate cuts, and strong U.S. employment data are driving the market to reprice the interest rate path, with a high interest rate environment being unfavorable for the performance of risk assets, including crypto assets. Additionally, some funds are flowing from the crypto market into artificial intelligence and tech stock sectors. Nevertheless, the current pullback is still less than historical bear market cycles. In past bear markets, Bitcoin typically retreated about 80% from its peak, while this round has seen a decline of about 50%. Some traders believe that if the macro environment continues to deteriorate and companies holding large amounts of Bitcoin face financing pressures, there remains a risk of further downside in the market.

According to Jinshi reports, Capital.com analyst Daniela Hathorn stated in a report that investors are closely watching the upcoming inflation data to assess the potential direction of future central bank interest rate decisions.She pointed out that market expectations for a rate hike by the Federal Reserve before the end of the year have risen significantly over the past week, so the inflation data could reinforce or challenge this repricing expectation. LSEG data shows that investors have fully priced in a 25 basis point rate hike by the Federal Reserve by the end of 2026.

According to Coinglass data, Binance had a net inflow of 525 million USDT in the past 24 hours.

According to Coinglass data, if ETH breaks through $1,755, the cumulative short liquidation intensity on mainstream CEX will reach $923 million. Conversely, if ETH falls below $1,589, the cumulative long liquidation intensity on mainstream CEX will reach $727 million.

According to Coinglass data, if BTC breaks through $65,827, the cumulative short liquidation intensity on mainstream CEX will reach $1.568 billion. Conversely, if BTC falls below $59,953, the cumulative long liquidation intensity on mainstream CEX will reach $1.132 billion.

According to the official announcement, Gate's holding interest program has launched with USD1 and has a limited-time financial activity. During the event, users holding USD1 in their asset accounts can automatically participate in the profit plan, enjoying up to 20% annualized returns. The minimum holding requirement is only 1 USD1, and users can earn daily profits without locking their funds, balancing liquidity and profit experience.As the industry's first platform for contract holding interest, Gate has achieved comprehensive coverage of both spot and contract tracks. Gate's holding interest supports over 20 mainstream crypto assets, including USDT, BTC, ETH, SOL, FLR, ATOM, etc., meeting the diverse asset allocation needs of different users. Users can continuously earn profits without additional operations, without affecting the use of trading, withdrawal, and other functions, achieving a more efficient utilization of funds.

NASDAQ-listed Solana treasury company SOL Strategies announced that it has repaid approximately 5.75 million Canadian dollars in debt by selling 65,001 SOL, with an average selling price of 87.88 Canadian dollars per SOL.This move aims to optimize the capital structure and risk management in a volatile market environment, further improving the balance sheet to allocate more resources to core operational activities.

According to Jinshi, the Global Research Department of Bank of America reported that due to a significant rise in energy prices, the overall CPI in the U.S. for May is expected to increase by 0.46% month-on-month, and the year-on-year growth rate is expected to rise from 3.8% in April to 4.2%, reaching the highest level since April 2023. The core CPI month-on-month increase is expected to be 0.2%, with a year-on-year increase of 2.8%. The bank pointed out that this CPI data will be the focus of attention regarding the impact on core PCE and the outlook for monetary policy.

Humility Protocol released a security incident update on the X platform, indicating that yesterday the H token suffered a coordinated attack on the Ethereum and BSC chains, with over $36 million in assets confirmed to have been stolen and sold off.Preliminary investigations show that the incident originated from an employee's computer being compromised, leading to the leakage of the multi-signature wallet keys controlling the Hyperlane Bridge ProxyAdmin. Among them, the attacker obtained 3 out of 6 private keys from Gnosis Safe holders on the Ethereum chain, transferred ownership of ProxyAdmin to their controlled wallet, and upgraded the bridging contract to a malicious implementation, subsequently transferring approximately 141.2 million H tokens in a single transaction.Meanwhile, the attacker also controlled 3 out of 5 private keys from Safe wallet holders on the BSC chain, taking over ProxyAdmin in the same manner and deploying a malicious contract with unlimited minting capabilities, minting 200 million H tokens to their wallet in two transactions.Humility stated that it has suspended all deposit and withdrawal operations for the affected bridging services and is collaborating with exchanges and other relevant partners to mitigate losses, while also cooperating with law enforcement to investigate and attempt to recover some of the stolen funds.