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According to market news, after the Federal Reserve approved the main account application of the cryptocurrency exchange Kraken, U.S. banking organizations expressed strong opposition, warning that this move could allow cryptocurrency institutions to access the central bank's payment system without the same regulatory protections as traditional banks.The Bank Policy Institute stated that it is "deeply concerned," believing that the Kansas City Fed approved the application before the Federal Reserve finalized the framework for a limited-purpose main account policy, and that the approval process lacked transparency. The Independent Community Bankers of America also stated that allowing non-bank entities and cryptocurrency institutions to access main accounts poses risks to the banking system. A Federal Reserve governor mentioned last month that they hope to launch a streamlined account structure later this year.Some participants in the cryptocurrency market believe that Kraken's approval signifies a breakthrough in establishing non-depository banking operations that do not rely on loans. In a previous news report, it was mentioned that Kraken was approved for a "streamlined" Federal Reserve main account, becoming the first cryptocurrency company authorized to access the Federal Reserve's core payment system, Fedwire.

Cobo co-founder and CEO Shen Yu stated on social media that the development of AI Agents will have a profound impact on corporate organizational structures. The disruption will not target individual skills, but rather the management systems that have long been centered around Standard Operating Procedures (SOP).He pointed out that traditional enterprises standardize human execution processes by continuously adding SOPs. If AI, which has autonomous planning capabilities, is simply embedded into existing processes, it may lead to internal efficiency losses. In the future, companies may reconstruct processes with "intent and boundaries" at their core, where humans set goals and rules, AI is responsible for autonomous optimization, and humans take on supervisory and decision-making roles.Shen Yu believes that as AI participation increases, departmental barriers and middle management functions may weaken, and organizational forms are expected to evolve towards more efficient dynamic collaboration models.

Musk tweeted, "xAI has recently undergone a reorganization to improve execution efficiency. As the company grows, its organizational structure must evolve continuously like any living organism. Unfortunately, this means we have to part ways with some individuals. We wish them all the best in their future endeavors. We are actively hiring at the moment."Previously, several members of xAI announced their departure, including co-founders Wu Yuhua and Jimmy Ba.

According to on-chain analysts, the whale/institution "7Siblings" has purchased 1994.98 ETH on-chain at an average price of $2070.31 in the past hour, worth $4.13 million; while in the past 19 hours, they have accumulated a total of 4813.22 ETH, with a total value of $10.08 million and an average cost of $2094.31.

According to China News Service, Hong Kong hosted the annual meeting of the International Criminal Police Organization's Cybercrime Expert Group for the first time. The meeting covered various topics including online extortion, artificial intelligence, and virtual asset tracking. Chief Superintendent Chow Man-ming of the Hong Kong Police Force noted the emerging trends in crimes related to virtual assets and established a virtual asset intelligence task force last year as a public-private partnership to jointly address technological challenges.The Hong Kong police have also developed a virtual asset tracking system that visualizes the virtual asset investigation process and fully supports investigators.

Self-hosted digital bank Tria launches the independent nonprofit organization Tria Foundation.The foundation will support research and development of technologies related to routing, execution, and security, provide funding for developer tools, integrations, and ecosystem grants, promote transparent governance and protocol management, and expand partnerships to drive the practical application of self-hosted finance in everyday life.

Self-hosted digital bank Tria has launched the independent nonprofit organization Tria Foundation. The foundation will support research and development of technologies related to routing, execution, and security, provide funding for developer tools, integrations, and ecosystem grants, promote transparent governance and protocol management, and expand partnerships to advance the practical application of self-hosted finance in everyday life.

The Ethereum official announced that the ERC-8004 standard is about to go live on the mainnet. By enabling a discovery mechanism and portable reputation, ERC-8004 allows AI agents to interact across different organizations, ensuring that reputation circulates everywhere, thus unlocking a global AI service interoperability market.

According to Bitsmedia, the Office of the Attorney General of Russia has listed the Ukrainian cryptocurrency exchange WhiteBit as an undesirable organization. The regulator believes that the exchange has been used to illegally transfer funds out of Russia, including to finance the Ukrainian armed forces. The Russian side has also included WhiteBit's parent company W Group and all its affiliates and subsidiaries on the list.The Attorney General's Office stated that since 2022, the management of WhiteBit has transferred approximately $11 million to the Ukrainian military, of which about $900,000 was used for the procurement of drones, and claimed that the platform cooperates with the Ukrainian Ministry of Foreign Affairs to provide technical support for the United24 crypto donation platform. Currently, there are no registered cryptocurrency exchanges under Russian law. The Central Bank of Russia hopes that legal amendments to regulate exchanges and cryptocurrency traders can be completed by July 1. The Central Bank of Russia plans to hold intermediary institutions in the crypto market accountable for illegal activities starting from July 1, 2027.

According to CoinDesk, the quantum-resistant cryptography specialist BTQ Technologies (BTQ) recently announced a solution to protect the Bitcoin blockchain, called "Bitcoin Quantum," an open-source fork testnet that is said to be capable of addressing quantum challenges.Chris Tam, head of partnerships at BTQ, stated that Bitcoin Quantum is a publicly operable network where miners, developers, researchers, and users can stress-test against quantum transactions and reveal the trade-offs in actual operation before discussions about mainnet upgrades become urgent.The system includes a block explorer and mining pool, providing instant accessibility. Tam explained that in August 2024, the quantum-resistant algorithm known as "Dilithium" (officially named the Module-Lattice-based Digital Signature Algorithm ML-DSA) will be standardized in the United States, and this algorithm is the technology adopted by the Bitcoin Quantum network. This algorithm has not yet been widely applied in rapidly innovating fields like cryptocurrency, primarily due to its high operational costs.Compared to the digital signatures used every time information is sent to the blockchain or even when sending a WhatsApp message, the data size of quantum-resistant algorithms increases by at least 200 times. Therefore, while there are methods to address quantum risks, they also pose problems, mainly reflected in performance and cost overhead during large-scale deployment.

Crypto journalist Eleanor Terrett posted on X platform that a newly emerged crypto advocacy group "Investors For Transparency" has aired advertisements during Fox News' prime time, calling on the public to oppose the provisions regarding decentralized finance (DeFi) in the upcoming crypto market structure bill, which is set to be voted on next week. The DeFi provisions have been one of the most controversial parts, sparking intense debates among lawmakers, traditional finance (TradFi), and within the cryptocurrency industry. Notably, UniSwap founder Hayden Adams revealed that the funding sources and supporter information of this crypto advocacy group seem to be very "mysterious" and have not been publicly disclosed.

ECC's former CEO Josh Swihart stated that due to serious differences in mission with some board members of the Zcash governance body Bootstrap (ZCAM), all members of ECC (Electric Coin Company) collectively resigned yesterday and are forming a new company to continue the development of Zcash-related privacy technologies.Swihart emphasized that the Zcash protocol itself is unaffected, and this move aims to resist destructive interference from the governance layer, ensuring that the team can sustainably advance the vision of "unstoppable private money."

The American law firm Burwick Law announced a litigation update stating that the plaintiffs have submitted a revised complaint today in federal court, accusing the operator of pump.fun, Baton Corp, as well as the Solana Foundation, Solana Labs, and several executives of violating the Racketeer Influenced and Corrupt Organizations Act (RICO).

According to Xinhua News Agency, the Director of the Office of the President of Colombia, Angie Rodriguez, announced on the evening of the 3rd that Colombia requested an emergency meeting of the United Nations Security Council on the 5th and proposed to hold a special meeting of the Permanent Council of the Organization of American States to address the impact of the changes in the situation in Venezuela on regional stability.

The smart machine infrastructure company OpenMind has announced the establishment of the Fabric Foundation, with OpenMind as its partner. The foundation will operate as an independent non-profit organization dedicated to building governance, economic, and coordination infrastructure that enables humans and intelligent machines to collaborate safely and efficiently. The foundation's work includes: supporting key research, building public goods infrastructure, convening global stakeholders, expanding global access and participation, enhancing public understanding, and ensuring long-term management.OpenMind was founded by Stanford University professor Jan Liphardt and is committed to building a universal operating system for intelligent machines and a decentralized collaboration network, with its core products including the OM1 operating system and the FABRIC collaboration protocol.

AllianceDAO co-founder QwQiao posted on platform X, stating that some opinions suggest that new payment rails like stablecoins are expected to replace card organizations such as Visa and Mastercard. The reasoning is that merchants bear about 3% of the card processing costs, but this judgment overlooks the cost distribution structure. It points out that in a $100 transaction with approximately $3 in fees, about $1.8 is returned to consumers in the form of cashback or points, about $0.45 goes to the issuing bank, about $0.6 goes to the acquiring bank, and the card organization only receives about $0.15. QwQiao indicates that this structure creates a stable incentive relationship among consumers, banks, and card organizations within the same network, while the related costs are mainly borne by merchants with relatively weaker bargaining power. This is also one of the important reasons why traditional card payment networks have maintained economies of scale over the long term.

Gemini posted on the X platform that it has signed a joint letter with over 125 companies and organizations, urging the U.S. Congress to maintain the Genius Act as it is. Gemini stated that legal stablecoin rewards benefit consumers and competition, and have received legal approval. Modifying the Genius Act at this time would undermine certainty and innovation.

According to market news, the charity organization Save The Children has announced the launch of a Bitcoin fund.

Bitget, in collaboration with local charitable organizations in Sri Lanka, is providing emergency humanitarian assistance to families severely affected by the "Dittwa" cyclone. To ensure that supplies can reach the disaster-stricken communities quickly and accurately, Bitget is working closely with local charity and social assistance organizations "CeylonCash" and the nonprofit charity foundation "Infinite Grace Foundation" to carry out a multi-tiered relief operation.The aid supplies include drinking water, warm blankets urgently needed in high-altitude areas, clothing for women and children, and family food supply packages that can last for a week. The relief will be distributed in a phased and tiered manner to ensure stable and sustainable support for affected families amid the changing disaster situation.Bitget, in collaboration with local charitable organizations in Sri Lanka, is providing emergency humanitarian assistance to families severely affected by the "Dittwa" cyclone. To ensure that supplies can reach the disaster-stricken communities quickly and accurately, Bitget is working closely with local charity and social assistance organizations "CeylonCash" and the nonprofit charity foundation "Infinite Grace Foundation" to carry out a multi-tiered relief operation.The aid supplies include drinking water, warm blankets urgently needed in high-altitude areas, clothing for women and children, and family food supply packages that can last for a week. The relief will be distributed in a phased and tiered manner to ensure stable and sustainable support for affected families amid the changing disaster situation.