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Coinbase CEO Brian Armstrong disclosed three platform-level data points on Thursday: the annual stablecoin transaction volume is nearly $1 trillion, the platform holds approximately $20 billion in USDC, and the x402 payment protocol processed over 160 million autonomous transactions in the past year. According to SEC filings, Coinbase's average USDC holdings in the first quarter reached a historic high of $19 billion, with over 25% of the total USDC circulation located within the Coinbase ecosystem.The total circulation of USDC currently stands at $75 billion. The $1 trillion stablecoin transaction volume refers to transfers made through Coinbase's payment infrastructure, in comparison, Visa is expected to process about $14.5 trillion in fiscal year 2025. The x402 protocol is named after the HTTP 402 error code and allows AI agents to make on-chain payments in USDC directly within network requests, with transactions over $1 accounting for 95% of x402 transfer volume.The Base chain has processed $190 trillion in stablecoin transaction volume this year, with over 90% of x402 transaction volume operating on Base. Founding members of the x402 foundation include Google, Stripe, Visa, Mastercard, and AWS.

Coinbase CEO Brian Armstrong tweeted, "For years, cryptocurrency trading has been shifting overseas due to the lack of clear regulatory rules in the U.S., and while perpetual contracts are favored by traders, they are banned in the U.S. Frankly, about half of the perpetual contract trading volume comes from U.S. users who use offshore products via VPNs, and KYC checks are lax. Other companies have set up offshore entities to find ways to evade regulation. After dozens of trips to Washington, D.C., and numerous communications from our policy team, we finally received approval to allow U.S. users to access true global perpetual contracts."Previously, the CFTC's Market Participants Division issued a clarification letter and a no-action letter to registered futures commission merchant Coinbase Financial Markets (CFM), allowing it to offer cryptocurrency options and perpetual contracts listed on the affiliated offshore exchange Deribit FZE to U.S. users. The letter confirmed that the aforementioned perpetual contracts can be classified as foreign futures under CFTC Regulation 30.1.Additionally, under specific conditions, the CFTC will not recommend enforcement action regarding CFM transferring digital commodities held by customers and paying stablecoins to its offshore brokerage affiliates for margin purposes, and that affiliate may exercise reuse rights over the aforementioned customer assets.

The South Korean police have listed Bithumb CEO Lee Jae-won as a suspect in a bribery case related to the employment of Kim Byung-kee's son, a member of the National Assembly of South Korea, at Bithumb. The Seoul Metropolitan Police Agency's Public Crime Investigation Unit is investigating Lee Jae-won and Bithumb, with the allegations involving Bithumb hiring Kim Byung-kee's son.The police reportedly obtained a statement from Kim's former assistant, stating that Kim requested Lee Jae-won to hire his second son in November 2024. Kim's son subsequently joined Bithumb two months later and worked at the trading platform for six months. Kim also requested Bithumb to hire one of his assistants, who then joined Bithumb in September last year and has been working there since.The South Korean police believe that Kim, as a member of the National Assembly's Financial Affairs Committee, engaged in legislative activities against Bithumb's competitor Upbit and raised concerns about Upbit's market monopoly. This development comes after months of investigation into the relationship between Kim and Bithumb, which included two searches and seizures.

According to The Block, the Public Crime Investigation Division of the Seoul Metropolitan Police Agency in South Korea has identified Bithumb CEO Lee Jae-won as a suspect in a bribery case, which is related to independent lawmaker Kim Byung-kee.Police received testimony from a former assistant stating that Kim requested Lee to arrange for his second son to work at Bithumb in November 2024, and his son started working there two months later, remaining for about six months; Kim had also previously asked Bithumb to hire one of his assistants, who has been employed by the company since September 2025. The police are investigating whether the aforementioned employment is linked to Kim's legislative actions against Upbit's operator Dunamu during his time on the National Assembly's Financial Committee, including allegations of Upbit monopolizing the market.

Strategy CEO Phong Le responded to criticism regarding the company's first sale of Bitcoin since 2022 in an interview with CNBC on Tuesday, stating that the move was a deliberate limited test aimed at demonstrating operational flexibility rather than abandoning the belief in holding assets. Between May 26 and 31, Strategy sold 32 BTC (approximately $2.5 million) at an average price of $77,135, which accounted for only 0.004% of its total holdings, but it triggered a strong market reaction.Le listed three reasons for the sale: to prove the company's ability to sell when necessary, to confirm that internal disposal processes are fully operational, and to capture tax loss opportunities. He emphasized that the sale was not due to financial difficulties, and the company did not need to sell assets to pay STRC preferred stock dividends, while still net buying about 1,500 BTC during the same period. Le admitted that the most intense criticism came from retail investors and "crypto anarchists," while institutional shareholders were not unsettled by it."We will sell when it benefits common stock shareholders." Currently, Bitcoin is priced at about $61,600, down over 40% from last October's peak of $126,198, and MSTR's stock price has fallen about 67% from its 52-week high. As of the end of May, Strategy held 845,256 BTC and resumed purchases in early June.

Metaplanet CEO Simon Gerovich stated that the company holds 40,177 BTC on its balance sheet, making it the third largest BTC treasury company in the world, and it generates significant revenue through its BTC revenue-generating business, which serves as the foundation for future development.

Bitget CEO Gracy Chen posted on platform X that Bitget has purchased enterprise-level Claude access for all employees, available for everyone, covering 2,167 employees, with a cost of $200 per person per month.Gracy Chen stated, "This move is not due to external demands, but based on observations of productivity improvements after employees actually use AI tools, aiming to ensure that team members do not fall behind in the wave of AI applications."

According to CoinDesk, Securitize CEO Carlos Domingo stated that tokenized stocks could drive the RWA market from its current approximately $30 billion to $5 trillion. He pointed out that the global stock and ETF market is about $150 trillion, and even if only 2% to 3% is tokenized, it could approach $5 trillion. Domingo believes that tokenized stocks, rather than private credit or government bond products, will be the key driver of this growth.He distinguished "real" tokenized stocks from many offshore blockchain stock products, which rely on derivatives or synthetic structures rather than directly holding the underlying shares. He believes the long-term goal should be to provide blockchain-based securities with the same investor rights as traditional stocks, while enjoying instant settlement, 24/7 transferability, and deep integration with DeFi. Domingo insists that public blockchains, especially Ethereum, remain the preferred infrastructure for institutional tokenization.

According to Bitcoin News, Strive CEO Matt Cole stated that the depreciation of fiat currency will continue to accumulate over time, and in this context, there is no better scarce digital commodity than Bitcoin.

Simon Gerovich, CEO of the Japanese Bitcoin financial company Metaplanet, tweeted that BTC Yield is the company's most important KPI, and the core goal of the company's capital allocation is to maximize shareholders' BTC Yield. When the modified net asset value (mNAV) is below 1 times, repurchasing the company's stock may be one of the effective means to enhance BTC Yield, and the lower the mNAV, the more significant the enhancement effect. The company will continue to regard stock repurchase as an important capital allocation option.However, it also emphasized that the actual execution of the repurchase must strictly comply with insider trading regulations and monthly disclosure obligations, so it will not comment on specific implementation timing or circumstances before appropriate disclosures are made. This statement does not represent that the company is currently conducting or plans to conduct stock repurchases during a specific period.

Bitwise CEO Hunter Horsley stated that participants in the cryptocurrency industry should "broaden their perspective." Unless they are short-term traders, investors should not overly focus on weekly or monthly price fluctuations.Instead, the focus should be on two aspects: first, the substantive progress of the project itself, and second, the longer-term annual performance. This includes on-chain usage, technological advancements with product-market fit, integration of large enterprises and institutions in the field, construction and implementation status, as well as core factors such as team quality and execution capability.Although the market will not show linear development, the fundamentals of the industry are continuously and significantly improving from 2022 to 2026. Investors should recognize that this is a long-term process, and the final outcome will be determined by the fundamentals.

Yuga Labs CEO Michael Figge posted on the X platform that his team has just completed a white hat operation on a vulnerability found in the Flooring Protocol. The following assets are now safely held by Yuga Labs: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals; 26 Captains, 1 Moonbird, 2 Doodles.Team Vice President @0xQuit recovered these assets, and @coffeedev discovered that the same vulnerability posed a greater risk to other Flooring collectible series (such as BAYC and CryptoPunks). Figge instructed GrailsOTC trading desk to advance funds and NFTs to rescue the at-risk assets from the protocol. The team will work with the protocol developers to return the assets.

According to a report by Bloomberg, Nvidia and SK Hynix have signed a multi-year cooperation agreement to jointly design future generations of AI memory chips and advance related chip design and manufacturing.According to the statement, Nvidia will also assist SK Hynix in expanding into new areas such as infrastructure, physical AI, and memory required for its most powerful accelerator, Vera Rubin. This cooperation further deepens the collaboration between the two parties in the high-end semiconductor and AI chip industry chain.

According to Jinshi reports, Nvidia CEO Jensen Huang stated that the company's new Vera central processing unit will use SK Hynix memory chips, and the two companies expect to expand their cooperation in the coming year.Jensen Huang told reporters outside a restaurant in Seoul on Sunday that he had dinner that day with SK Group Chairman Chey Tae-won, SK Hynix CEO Lee Seok-hee, and executives from SK Telecom. He said, "Our collaboration with SK Hynix this year is very large, and we are preparing for even larger-scale cooperation in the second half of this year and next year. We launched the Vera CPU, which is a revolutionary central processing unit, and it will also use SK Hynix's DRAM memory." Vera is Nvidia's first standalone data center microprocessor, which will directly compete with Intel's Xeon series, AMD's EPYC chips, and Amazon's self-developed Graviton chips.Jensen Huang arrived in South Korea on Friday to visit partners and suppliers, and plans to meet with Samsung Electronics Vice Chairman Lee Jae-Yong on Monday, as well as senior executives from Hyundai Motor Group and LG Group. He also mentioned that discussions are ongoing with telecom companies, as future telecom networks will be used for artificial intelligence applications.

Strategy CEO Phong Le posted on platform X that Strategy has been continuously increasing its Bitcoin reserves over the long term and raising its Bitcoin holdings per share. Other statements are just rumors.

Tether CEO Paolo Ardoino posted a "Dragon Ball" comic image on the X platform, featuring the main character Goku and many supporting characters lifting a Spirit Bomb labeled "BTC," along with the caption "One Community," calling for the crypto community to unite during the bear market.

According to the information released by the SEC, Strategy (MSTR) CEO Le Phong sold 93,738 shares of the company's stock on June 5 at an average price of $118.73 per share, for a total value of approximately $11.1292 million. After the transaction, his direct holdings decreased to 138,620 shares.On the same day, CFO Andrew Kang sold 33,062 shares of the company's stock at the same price, for a total value of approximately $3.9254 million. After the transaction, his direct holdings decreased to 75,283 shares.

Regarding BTC briefly dropping below $60,000, Coinbase CEO Brian Armstrong stated on the X platform, "Many people still believe or feel that a drop in Bitcoin means a drop in cryptocurrency. However, derivatives, perpetual contracts, stablecoins, prediction markets, and more are all on the rise.Cryptocurrency involves various fields of finance, and now it covers a broader scope than Bitcoin. It will take some time for people to truly understand this. Of course, Bitcoin will perform excellently in the future and will remain as important as ever; this is just one of the many cycles we are experiencing."

Bitget CEO Gracy Chen recently elaborated on Bitget's strategic layout in the field of tokenized assets during an online AMA titled "The Future of RWA" hosted by Reality. She revealed that since proposing the Universal Exchange (UEX) strategy in early 2025, Bitget has been accelerating its evolution from a traditional crypto exchange to a platform covering all categories of assets. During a meeting with the COO of BlackRock, she introduced the "10% Vision": it is expected that by 2030, approximately 10% of global financial assets will exist in tokenized form. Currently, the penetration rate of tokenized stocks is only 0.01%, indicating a significant incremental space in traditional financial markets, which is precisely the trend that Reality is built upon.Gracy summarized "why now" as the convergence of five major trends: stablecoins have become a global settlement channel, especially in regions where fiat currencies are weak, creating demand for dollar-denominated investment products; there is a surge in user willingness for diversified asset allocation; blockchain performance, custody, compliance, and market maker systems are maturing; regulatory frameworks in the US, Europe, and Hong Kong are moving from ambiguity to structured clarity; and the market's demand for capital efficiency is driving the release of new liquidity in tokenized assets.When discussing the pain points of the tokenized stock market, Gracy stated that some existing issuers often cause a deviation between the token price and the underlying asset price when handling corporate actions such as dividends and stock splits. The Reality platform is focused on addressing this issue by strictly aligning the Net Asset Value (NAV), supporting the mapping of dividends and corporate actions, and enhancing the consistency between tokenized assets and the real underlying assets. She also revealed that Bitget will continue to expand asset categories and further improve the UEX Universal Exchange ecosystem.