News linked to both this project and an event.
According to Cointelegraph, the NASDAQ-listed Solana Company has signed a memorandum of understanding with Alatau City, Kazakhstan, to provide support for local digital asset finance, blockchain infrastructure, institutional adoption, and platform development. Alatau City plans to build a digital-first smart city and establish pilot zones allowing daily cryptocurrency payments.
that, according to official sources, OKX has officially launched OKX.AI, a decentralized platform for the Agent economy that supports AI Agents in issuing tasks, accepting tasks, making payments, evaluations, and arbitrations. OKX founder and CEO Star stated in a post on X: "Over the past two decades, the world has been restructured around apps; in the next ten years, the world will be restructured around Agents. Agents will serve humans, will hire other Agents, will pay Agents, and will collaborate with Agents to complete complex tasks. Humans will then devote more of their energy to imagination, judgment, goals, and truly unique value."Star emphasized that this is not an era of more efficient software, but a new economic era. He said: "In the future, it will no longer belong solely to companies with the most employees, but also to individuals with the best Agents. One person can be a world-class company. Welcome to the Agentic Economy. Welcome to OKX.AI."
as Anthropic faces export restrictions limiting the global availability of its advanced models, multiple Asian AI companies are accelerating efforts to fill the market gap. Chinese cybersecurity firm 360 Security Technology has reportedly launched an AI tool called "Tulongfeng," claiming it can directly compete with Anthropic's high-end model "Mythos." Meanwhile, its more restricted version, "Fable 5," also falls within the scope of relevant export controls.In the same week, Japanese AI startup Sakana AI released a new model named "Fugu," taken from the Japanese word for pufferfish. It is positioned as a frontier model designed for agents. The company stated that the model's capabilities are comparable to Fable 5 and Mythos Preview, and it supports coordinating multi-model calls via API to enable agent orchestration.Sakana AI emphasized that the timing of this release and the U.S. export restrictions are "purely coincidental," but the product's official website still clearly promotes "providing frontier capabilities without the risk of export controls." Company co-founder David Ha stated that future AI development will shift from competition among single large models to "model orchestration systems," adding that "access can disappear at any time, and distributed intelligence is a realistic hedge against the risks of centralization."On the other hand, Chinese 360 founder Zhou Hongyi views AI vulnerability detection capabilities as a "national strategic asset" and warns of the so-called "one-way transparency" risk, where certain entities may monopolize advanced security capabilities.According to reports, the U.S. export restrictions on Anthropic's advanced models have been in place for about two weeks. Against this backdrop, Asian manufacturers are accelerating the launch of local alternatives. Although some companies still emphasize the importance of American models in the Asian market, the trend of differentiation within the regional AI ecosystem has begun to emerge. (TechCrunch)
: This evening, Zhipu's official open platform announced that, to further provide full lifecycle support for entrepreneurs in the OPC (One Person Company) model of artificial intelligence, it has partnered with Haidian District Zhongguancun Science City to officially launch a model voucher subsidy plan totaling 50 million yuan for all industries, making AI a productivity tool accessible to every innovator.During the subsidy period, all enterprises registered in Haidian District that have passed the application process can enjoy a subsidy of up to 50% on the call fees for the GLM-5.2 model, with a maximum annual subsidy limit of 2 million yuan per enterprise. The goal is to help Beijing become the "world's leading city for artificial intelligence."The core rules for this model voucher subsidy are as follows: Subsidy ratio: Up to 50% subsidy on GLM-5.2 model call fees; Subsidy period: From now until November 19, 2026; Subsidy cap: Total annual subsidy per enterprise not exceeding 2 million yuan; Applicable model: Currently supports GLM-5.2, with newly added models to be announced separately.Possibly influenced by this news, Zhipu's Hong Kong stock rose over 16% today, with its total market capitalization once again surpassing one trillion Hong Kong dollars, before falling back to 969 billion Hong Kong dollars.
Lite Strategy, a Nasdaq-listed Litecoin treasury company, has announced leading a $1 million strategic investment in LitVM. The investment also grants governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funds will support its ability to introduce smart contract capabilities and a programmable application layer for Litecoin after its mainnet launch. (Globenewswire)
Hang Seng Indexes Company issued an announcement stating that SpaceX will be listed on June 12, 2026. Therefore, the compilation methodology for the Hang Seng Hong Kong-US Tech Index will add SpaceX (stock code: SPCX.O) to the designated list of US constituent stocks (currently: the Magnificent Seven).The weights of the eight US-listed constituent stocks will be recalculated to equal weight after the market close on June 23, 2026 (SpaceX's 7th trading day). The new constituent stock and the updated constituent weights will take effect on June 29, 2026 (SpaceX's 11th trading day).SpaceX's president stated that the company will focus on the long term and is less concerned with quarterly performance.
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
Delphi Digital has released its "Token Market Status Report," indicating that the token market in this cycle has been suppressed by multiple structural issues, including token unlocks occurring on a fixed schedule regardless of project performance, protocol revenues failing to effectively flow back to token holders, and airdrops gradually evolving into sources of exit liquidity.The report shows that since January 2025, among all newly listed tokens on major centralized exchanges (CEX), if purchased on the listing day and held to the present, an average investment of $1,000 would have dwindled to approximately $500. The median decline is 82%, with only about 12% of tokens still trading above their issuance price, reflecting a market structure that prioritizes "listing quantity over quality."Regarding tokenomic design, the research points out that across more than 400 unlock events, within a sample of 33, 28 tokens significantly underperformed relative to Bitcoin in the three weeks before and after the unlock, resulting in an average excess loss of approximately 7%. Moreover, most unlocks occur within 30 days, making it difficult for the market to effectively absorb the supply shock.The report also notes that the long-standing industry issue of "missing value accrual" is beginning to change. An increasing number of protocols are starting to use "Fee Switch" mechanisms to return revenue to token holders. For example, Hyperliquid allocates nearly all its fees to buybacks, Uniswap is burning 100 million UNI tokens, Jupiter uses 50% of its fees for buybacks locked for three years, and Aave has passed a DAO-approved weekly buyback plan of $1 million.However, the report emphasizes that fee-based buybacks alone are insufficient to resolve supply pressure. For instance, the scale of buybacks for some projects still cannot offset the selling pressure from token unlocks, leading to a situation where "buybacks only offset inflation but fail to generate net buying pressure."Simultaneously, the structure of institutional capital is shifting. Institutional holdings of Bitcoin-related ETFs like IBIT have grown 62% year-over-year, with advisory channels increasing by 204% and sovereign wealth funds and endowments rising by 228%, while arbitrage-focused hedge funds continue to exit. Long-term capital, including BlackRock, Morgan Stanley, and Mubadala Investment Company, is increasing its allocation.The report concludes that in the next phase, more attractive token assets will simultaneously feature "revenue accrual mechanisms" and "supply release structures linked to protocol performance." However, the current market remains in the early stages of structural repair.
Odaily, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.
Odaily Odaily Planet Daily reports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced the appointment of Dr. Patrick J. Schorno as the agency's Chief Economist. In this role, he will provide economic advisory support to the Commission and integrate regulatory cost-benefit analysis and related research work. It is reported that this appointment aims to strengthen economic analysis capabilities for the U.S. derivatives market, enhance the transparency and scientific rigor of regulatory policies, and support ongoing regulatory coordination efforts with the U.S. Securities and Exchange Commission (SEC).Dr. Schorno previously served as Deputy Chief Economist at the Public Company Accounting Oversight Board (PCAOB), held the position of Executive Director at Ally Financial, and worked as a Financial Economist at the Federal Reserve Bank of Richmond. His research has been published in journals such as the Journal of Banking & Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance.The CFTC stated that this appointment will further enhance its economic analysis capabilities in the formulation of financial regulatory policies.
According to PRNewswire, NYSE-listed SOLAI announced the acquisition of a 51% equity stake in Singapore-based artificial intelligence company NEURALAND for approximately USD 9.18 million. NEURALAND specializes in AI node hardware design, software-defined systems, and AI agent technology development, with operations spanning AI chips, embedded systems, and large language model integration. This acquisition will accelerate SOLAI’s transformation from a digital asset mining company into an AI-centric technology platform.
“New Stock God” Serenity posted on X, seemingly responding to the potential investigation into Sivers, stating that Sivers (SIVE) should fully transform into a U.S. company, with Nasdaq listing as the first step—given that the company already possesses a U.S. capital structure, a significant equity stake, and support under the CHIPS Act. Such a transformation would deliver higher valuation premiums and M&A opportunities. Meanwhile, negative reporting by Swedish local media—allegedly influenced by short sellers—is hindering the development of AI photonics, whereas the U.S. market offers greater financing opportunities and support from institutions, funds, and indices.
blockchain infrastructure platform and stablecoin issuer Paxos has announced that its subsidiary, Paxos Securities Settlement Company, has obtained registration as a clearing agency with the U.S. SEC, allowing it to provide clearing and settlement services as a central securities depository in the United States. In October 2019, the SEC issued a no-action letter to Paxos, permitting a pilot for blockchain-based U.S. stock settlement services, which went live in February 2020. Paxos stated that the pilot achieved same-day settlement, reduced costs, and improved operational efficiency within a regulated framework. Stablecoins and digital assets issued by Paxos include PayPal USD, Global Dollar, and Pax Gold. The SEC issued a Wells Notice to Paxos in 2023 regarding the issuance of Binance USD and concluded its investigation in 2024. Additionally, Paxos reached a $48.5 million settlement with the NYDFS in August 2025 concerning compliance issues related to Binance and BUSD. (Cointelegraph)
the US Depository Trust and Clearing Corporation (DTCC) and the Stellar Development Foundation have announced a partnership to deploy DTC custody asset tokenization services on the Stellar network, with the associated assets expected to go live in the first half of 2027.DTCC received a no-action letter from the US SEC in December 2025, authorizing it to conduct real-world asset tokenization business. The two parties will focus on the on-chain conversion of highly liquid assets, including Russell 1000 constituent stocks, major index ETFs, US Treasuries, and various bonds. This collaboration leverages the Stellar network to establish a compliant on-chain channel, representing a significant step in the integration of traditional financial infrastructure with blockchain technology and will further expand the application scenarios for real-world asset tokenization.
: Payment giant Mastercard has announced that it has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to conduct digital asset-related businesses under a strict regulatory framework, including stablecoins and blockchain settlement infrastructure. The license was obtained by Mastercard Transaction Services (U.S.) LLC, marking the company's further expansion into digital payments and on-chain settlement infrastructure. BitLicense is one of the strictest crypto regulatory frameworks in the United States, requiring firms to meet multiple standards for capital reserves, compliance, security, and consumer protection.Mastercard stated that this approval will support its strategic layout in stablecoins and tokenized payments. Company executives pointed out that a clear regulatory framework helps drive digital assets from the experimental stage toward practical applications.Recently, several institutions, including Galaxy Digital and Strike, have also successively obtained BitLicenses, indicating that U.S. regulatory approvals are accelerating the opening up to compliant digital asset enterprises. (CoinDesk)
According to CoinDesk, the UK has imposed sanctions on 18 entities and individuals accused of assisting Russia in circumventing Western restrictions and financing its war in Ukraine. Among those sanctioned are the cryptocurrency exchange Huobi Global S.A. (operated by HTX) and the stablecoin issuer Open Joint Stock Company “Virtual Asset Issuer.” This marks the first time the UK has applied Regulation 17A—which targets sanctioned banks—to cryptocurrency exchanges, requiring UK financial institutions and crypto service providers to freeze related funds, trace on-chain transactions, and refrain from maintaining correspondent relationships with or processing payments for sanctioned parties. The sanctions specifically target the A7 payment network.
Abu Dhabi-based investment company International Holding Company (IHC) has completed a $30 million (approximately AED 110 million) transaction using the UAE dirham-pegged stablecoin DDSC on the ADI Chain—marking DDSC’s first major institutional-level application following its regulatory approval. DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and has received approval from the Central Bank of the UAE. The project team stated that this milestone demonstrates the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and paves the way for establishing digital trade and payment corridors linking the Middle East with global markets.
According to E-Company, Longbridge Securities has issued a further statement regarding recent regulatory developments concerning cross-border securities business in China. Longbridge Securities stated that the Securities and Futures Commission (SFC) of Hong Kong and mainland regulators—including the China Securities Regulatory Commission (CSRC)—have recently released updated regulatory requirements for cross-border securities business, establishing industry-wide standardized rules for services offered to mainland investors. These new regulatory rules apply to all overseas financial institutions. Longbridge Securities actively responds to the regulatory guidance from both jurisdictions and will steadily advance its compliance efforts strictly in accordance with the relevant requirements. Longbridge Securities clarified that the scope of accounts subject to this regulatory cleanup is limited and clearly defined, targeting two specific categories: (1) investment accounts opened using suspicious or forged documents; and (2) dormant investment accounts with zero balances. Customer accounts that were properly and compliantly opened and hold genuine assets and positions are not included in this cleanup. Longbridge Securities firmly supports the regulators’ zero-tolerance stance toward fraudulent account openings and will handle such cases strictly in line with regulatory requirements.
The Zcash Foundation released its Q1 2026 report, disclosing total liquid assets of approximately $36.7 million, including roughly $12.11 million in cash, 506,556 USDC, 85,412 ZEC (valued at ~$21.2 million), 41.8 BTC (valued at ~$2.85 million), and 12.02 ETH (valued at ~$25,000). The Zcash Foundation added that, although the first quarter of this year saw personnel changes within the Electric Coin Company’s development team and governance-related disputes, network operations remained unaffected, with transactions and block production continuing normally. On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation without taking any enforcement action, thereby resolving long-standing regulatory uncertainty.