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According to Businesswire, financial technology infrastructure company Cross River Bank announced a $250 million forward financing to Figure to support Figure's cryptocurrency collateralized loan business.Cross River will provide ongoing capital support for Figure's crypto loans, helping borrowers obtain dollar liquidity without selling their cryptocurrency assets.

According to The Block, the Web3 asset management platform XEFFY announced the completion of a $20 million financing round, which includes $5 million in angel funding and $15 million in a private round supported by early strategic investors.The funds will be used to develop its Vault management platform, expand the on-chain real-world asset (RWA) infrastructure, and support early RWA projects through the XEFFY fund to expand the global ecosystem. The platform combines market-neutral Vault strategies with dedicated on-chain RWA infrastructure built for retail and institutional users.Currently, the tokenized RWA market is expected to exceed $30 billion by 2025, with institutions like BlackRock and Fidelity already deploying related products. The XEFFY platform has approximately 200,000 community members on X, Telegram, and Discord, and its Asia-Pacific ambassador program has about 200 contributors.

According to Bloomberg, the U.S. government is betting that stablecoins issued by private entities like Tether, pegged to the U.S. dollar, will expand to a scale of about $3 trillion in the coming years to support the international dominance of the dollar and absorb more demand for U.S. Treasury bonds.However, the article points out that the current mainstream stablecoin issuers are concentrated in Tether, which has questionable compliance and anti-money laundering practices in its registered location. In the event of a run or smart contract failure, this could impact the large amounts of U.S. Treasury assets it holds and disrupt global payments and settlements. The European Central Bank is advancing the use of central bank digital currencies and "tokenized euros" to support atomic settlements, in order to avoid being locked into critical financial infrastructure by U.S. private dollar tokens.

According to Bloomberg, the U.S. government is betting that stablecoins issued by private entities like Tether, pegged to the U.S. dollar, will expand to about $3 trillion in the coming years to support the international dominance of the dollar and absorb more demand for U.S. Treasury bonds.However, the article points out that the current mainstream stablecoin issuers are concentrated in Tether, which has questionable compliance and anti-money laundering practices in its registered location. In the event of a run or smart contract failure, this could impact the large amount of U.S. Treasury assets it holds and disrupt global payments and settlements. The European Central Bank is promoting the use of central bank digital currencies and "tokenized euros" to support atomic settlements, in order to avoid being locked into U.S. private dollar tokens on critical financial infrastructure.

According to the latest disclosure from Cypherpunk Technologies, as of May 13, 2026, the company holds a total of 314,185.70 ZEC, with an average purchase price of $337.86. Based on the current price, the total cost of its holdings is approximately $106 million, with a current value of about $98.34 million, resulting in an unrealized loss of about $7.75 million; if calculated at today's low of 251.43 USDT, the unrealized loss would expand to approximately $27.2 million.Regarding this vulnerability incident, Cypherpunk tweeted that the vulnerability exists in all software, and Bitcoin once erroneously minted 184 billion tokens. The solution is not to deny the technology, but to strengthen it through formal verification and provable reliability, which is exactly what Zcash will introduce in the next update.

The ZEC treasury company Cypherpunk posted on platform X in response to the market fluctuations of the ZEC token, stating that all software has vulnerabilities. Historically, Bitcoin has "over-minted" 18.4 billion BTC due to errors. However, this does not mean that blockchain technology should be abandoned; 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 identify problems before malicious actors do. Zcash demonstrates its capability in this regard through an upcoming update.Previously, it was reported that the privacy coin ZEC faced market sell-offs due to the revelation of a security vulnerability that could potentially lead to unlimited issuance, causing the coin's price to drop over 50% in a single day.

CryptoQuant analyst Axel Adler Jr stated that Bitcoin is once again testing a low point of around $62,000, while the current 7-day net realized losses have reached approximately $7 billion, higher than the levels during the low point in February this year, but still below the peak loss of about $14 billion during the winter market panic.Currently, the Bitcoin price has clearly fallen below the cost basis of short-term holders (STH) at around $76,000. If it continues to decline, the main support left is the average realized price across the network at about $54,000, as well as the cost basis of long-term holders (LTH) at around $49,000. These two areas corresponded to the full capitulation phase and the formation of the cycle bottom in historical cycles.However, as long as Bitcoin remains above $54,000, the market will not enter a full capitulation phase; if it falls below and continues to operate below the market low point from February this year, it may further test the final defense line near $54,000 in this round.

According to Jinshi reports, Federal Reserve's Schmid stated that inflation remains too high, and this has been a struggle lasting five years, with the Federal Reserve still working to find solutions.

On-chain capital and prediction market infrastructure project Nova Markets announced the completion of a new round of financing, with participation from Wintermute Ventures, Robot Ventures, Big Brain VC, Cumberland, GSR, Greenfield Capital, Hash3, Bodhi Ventures, and Kairos Research.This round of financing will be used to migrate more perpetual contracts and prediction markets on-chain.Nova stated that the actual number of existing on-chain capital markets is far below the expected level, and the financing will be used to migrate more perpetual contracts and prediction markets on-chain, reshaping the generation and trading structure of related markets.

According to a report by The Information, Helion, a fusion startup backed by OpenAI founder Sam Altman, announced the completion of a $465 million financing round, led by Thrive Capital.After this investment, Helion's valuation reached $15.5 billion, nearly three times its previous valuation of $543 million.

Robot AI startup Generalist AI has completed a new round of financing of $400 million, led by Radical Ventures, with participation from 8VC, Union Square Ventures, Hanabi Capital, and existing investors NVIDIA and Bezos Expeditions. After this round of financing, the company's valuation has reached $2 billion.The company was co-founded by Pete Florence, Andy Zeng, and Andy Barry, focusing on leveraging cutting-edge artificial intelligence technology to iterate robot models and develop intelligent robot products capable of handling complex tasks. The funds raised in this round will be used for advanced AI model development and expanding the application scenarios for robots.

According to PR Newswire, the enterprise-level AI payment and financial management platform Ramp announced the completion of a new round of financing totaling $750 million, with a post-money valuation of $44 billion.This round of financing was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from institutions such as Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, and Insight Partners.Ramp stated that the company is expanding its business into the AI cost management field, launching the AI Token spending management tool to help businesses monitor and control expenses related to large models and AI services. In recent months, Ramp has completed acquisitions of the UK and European payment platform Billhop and the business travel platform Juno, and has also deepened its long-term collaboration with Visa to promote AI agents to autonomously execute corporate payments within a real-time risk control framework.Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, with the internally developed platform Inspect currently generating over two-thirds of the company's code. The company plans to use this round of financing to further expand its product layout and accelerate its expansion into the UK and European markets.

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

According to TechFundingNews, AI company Lassie, founded by former Robinhood and Superhuman employees Steijn Pelle and Frédéric Renken, has completed a $35 million Series A funding round led by a16z, with participation from Night Capital, the founder of Superhuman, the co-founder of Plaid, the co-founder of Wise, among others, bringing the total funding to $47 million.The two co-founders worked manually for months at a dental clinic before writing code, handling insurance claims and reconciling payments. Currently, Lassie operates in over 700 clinics across 49 states in the U.S., saving owners more than 250,000 hours of administrative work each year. a16z general partner Alex Rampell has joined the board of Lassie. Lassie's AI agent directly accesses the clinic's insurance portal, pulls reimbursement data, reconciles, updates system records, and verifies bank funds, completely replacing human labor rather than adding a software layer.

According to BSCN, long-time Bitcoin critic Peter Schiff recently stated that Tether's market capitalization will not only surpass Ethereum in the future but will ultimately exceed Bitcoin as well. He believes that the only uncertainty that exists is not the outcome, but how long this process will take to complete.Schiff stated that as the application of stablecoins continues to expand in payments, transaction settlements, and the circulation of digital dollars, the market demand for USDT may continue to grow faster than for volatile assets like Bitcoin. He insists that Bitcoin lacks intrinsic value, while stablecoins have a clearer use in actual financial activities.However, Schiff also mentioned that after the recent market crash, Bitcoin has gained short-term support around $61,000. BTC has rebounded more than $2,000 from its recent low, indicating that there is some buying support in that area.

The Deputy Minister of Finance of Russia, Ivan Chebeskov, stated that he does not wish to allow dollar-denominated stablecoins to circulate in the Russian market. Chebeskov pointed out that foreign stablecoin issuers such as USDT and USDC have the ability to freeze users' wallet assets. Once the relevant wallets engage in transactions with platforms licensed by the Central Bank of Russia, the risk of asset freezing for holders will significantly increase.He revealed that there have already been cases where dollar stablecoins held by Russian legal entities were frozen by the issuers, while Bitcoin and Ethereum have not encountered similar situations due to the lack of relevant technical means. The Russian Ministry of Finance believes it is necessary to establish a regulatory framework specifically for stablecoins and to prioritize the development of stablecoins pegged to the ruble and the currencies of friendly countries, while also granting the Central Bank of Russia the authority to adjust the list of relevant assets.

According to Jinshi reports, Federal Reserve official Logan stated that the current financial environment is loose, and the labor market remains stable.

The artificial intelligence market research platform AlphaSense has completed a $350 million financing round, with a latest valuation of $7.5 billion, significantly up from its previous financing round of $4 billion in 2024. Investors participating in this round include Accenture and the asset management division of JPMorgan. AlphaSense CEO Jack Kokko stated that there is a possibility for the company to conduct an initial public offering (IPO) in the future.

Gate Europe successfully held the "Capital Social at Money20/20 Europe" industry exchange event. The event was jointly organized by Gate Institutional, Gate Fiat, and Gate Pay, attracting over 150 professionals from the fields of payment, OTC, institutional trading, and fintech to discuss the integration trends of digital assets and traditional finance, as well as opportunities for institutional market development.During the event, the senior team of Gate and industry guests engaged in discussions on topics such as the integration of fiat currency and digital assets, institutional liquidity, cross-border payments, and institutional-level settlement. Partner Utexo conducted specialized discussions on institutional liquidity, fiat infrastructure, and payment collaboration. In a roundtable discussion themed "Everything Capital," attendees focused on topics such as capital flow efficiency, the construction of institutional payment networks, the evolution of OTC market structure, and innovations in cross-border settlement.This event provided a deep communication platform for traditional financial institutions, payment companies, and participants in the digital asset industry.Currently, Gate Group's Malta entity Gate Europe has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), continuously advancing its compliance layout in Europe and strengthening its infrastructure capabilities in institutional payments, fiat channels, and cross-border settlement. As the industry moves towards a higher level of compliance and institutional development, Gate will continue to deepen global industry collaboration and promote the integration of digital assets and traditional finance.