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The People's Bank of China, the National Development and Reform Commission, the Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People's Government issued the "Offshore Financial Action Plan for the Development of Shanghai International Financial Center," which points out that relying on the international operation center of the digital renminbi, it is necessary to build and operate the cross-border, offshore, and blockchain infrastructure of the digital renminbi under the premise of safety and controllability, steadily promote the interconnection with overseas financial infrastructure, and steadily advance the application and scenario expansion of the digital renminbi in offshore business.

According to the Federal Reserve's official website, the Federal Reserve Board is seeking public comments on a proposal that would require certain payment stablecoin issuers to establish and maintain effective Customer Identification Programs (CIP). This proposal was jointly issued by the Federal Reserve and four other agencies.According to the proposal, the relevant stablecoin issuers must comply with Customer Identification Program standards similar to those for banks and credit unions. The comment period is 60 days after the proposal is published in the Federal Register.

According to Jinshi, the number of initial jobless claims in the United States fell by 4,000 to 226,000 last week, indicating that the labor market remains in a "low layoff" state. Data released by the U.S. Department of Labor on Thursday also showed that the number of continuing jobless claims rose to 1.81 million in the previous week. Despite the energy price shocks triggered by the Iran war, the stronger-than-expected employment report for May showed that U.S. employers added 172,000 jobs, further confirming the resilience of the labor market.

According to The Block, cryptographic technology company Zama, DeFi lending protocol Morpho, and Steakhouse Financial announced a joint launch of the Steakhouse Confidential USDC Prime vault.It is reported that this is the first DeFi yield product for privacy stablecoins on Ethereum. This product allows users to directly deposit privacy token cUSDC, which has been fully homomorphically encrypted (FHE) by Zama, into the Morpho vault to earn yields.

According to a report by The Paper, Wang Xin, the Director of the Research Bureau (Advisory Office) of the People's Bank of China, discussed the cross-border payment system at the "Lujiazui Forum 2026 Plenary Session II: Global Financial Governance Reform and Cooperation." He stated that the next step is to further ensure the security, neutrality, and efficiency of the international payment system, strengthen the interconnection of payment systems between central banks, as well as retail payment systems. It is essential to prudently and steadily explore the potential of new payment tools, closely monitor the impact of stablecoins on the international monetary system and cross-border payments, improve regulatory rules, and promote a more inclusive, efficient, and resilient international payment system to better support sustainable development and the growth of the world economy.

According to BBX data, yesterday's interest rate hike in Japan coincided with the Federal Reserve's decision window, creating the most intense macroeconomic shock point of the week. The latest results of institutional stablecoin research were released on the same day, with the core dynamics as follows:Metaplanet Inc. (TSE: 3350), as the largest corporate BTC reserve holder in Asia and the third largest publicly traded company holding Bitcoin globally (holding 40,177 BTC at an average price of about $104,000, with a target of 100,000 BTC by the end of 2026), faced a dual-edged sword pressure from the exchange rate yesterday: after the Bank of Japan announced a 25 basis point increase in the policy interest rate to 1.0%, the yen strengthened, superficially lowering the book value of BTC denominated in yen, but Bitcoin subsequently rose against the trend (CoinDesk's headline on the same day: "Bitcoin rallies after Japan rate increase"), with actual improvements in USD-denominated holdings. The company's current holdings are approximately $2.64 billion (estimated at $65,750/BTC), with the latest capital move being the issuance of 8 billion yen (about $55 million) for the 20th bond (EVO FUND) on April 24 for additional BTC purchases. Analysts warn that if the BOJ's interest rate hike triggers large-scale unwinding of "Yen Carry Trade," global risk assets including BTC may suffer systemic deleveraging shocks—however, Metaplanet holds physical BTC rather than leveraged positions, with its main risk being the exchange rate conversion effect rather than forced liquidation.OSL Group (Hong Kong Stock Exchange: 0863.HK) and the School of Business at the Hong Kong Polytechnic University jointly released a white paper on June 16 (The Block included it on the same day at 9:01 am EDT), titled "Cross-Border Trade Payments Will Drive the Adoption of Regulated Corporate Stablecoins." The core conclusion is that the demand for corporate-level cross-border trade payments is the main path to drive the large-scale adoption of regulated stablecoins, with importance surpassing retail consumption scenarios. OSL Group holds the Hong Kong Securities and Futures Commission licenses 7 (automated trading services) and 1 (securities trading), making it one of the few compliant exchanges globally with both institutional custody and practical experience in stablecoin settlement. Previously, it provided institutional clients with approximately $130 million in USDGO stablecoin settlement services in April 2026. This white paper provides an industrial basis for the stablecoin policy framework of Hong Kong's financial regulatory authorities, and, together with Visa's stablecoin settlement of $7 billion annualized scale, SoFi SoFiUSD's launch, and Western Union's USDPT layout, constitutes multiple points of evidence accelerating the global adoption of corporate stablecoins.

The Digital Renminbi International Operation Center officially signed service agreements with the first batch of 26 financial institutions in Shanghai, marking the official launch of the brand operation of the upgraded "Digital Currency Cross-Border Settlement Comprehensive Service Platform" (CBETS).It is reported that with the overall upgrade of the infrastructure architecture, the original three platforms for cross-border digital payment, blockchain services, and digital assets have been officially integrated into CBETS. This platform has outstanding advantages such as low access costs, high settlement efficiency, and strong compatibility: it technically supports both centralized and blockchain systems, and the message standards are compatible with ISO20022; the business scenarios not only support cross-border retail scenarios such as barcode payment and tap-to-pay but also comprehensively cover remittances, trade, and investment and financing settlement, as well as wholesale and financial innovation businesses.The first batch of 26 financial institutions includes overseas branches and subsidiaries of banks such as ICBC, ABC, BOC, CCB, Bank of Communications, Pudong Development Bank, and Guangfa Bank, as well as Standard Chartered China and Xinyin International. After the business goes live, its services will cover multiple countries and regions including Hong Kong, Macau, Singapore, Laos, Thailand, the UAE, Qatar, and Brazil, further leveraging digital technology to facilitate cross-border trade and investment financing.

According to monitoring by Lookonchain, as the market rebounds, a certain whale has once again borrowed 19,000 ETH (approximately 33.48 million USD) from Aave for sale today.This whale has currently borrowed a total of 44,389 ETH (approximately 80.56 million USD) from Aave for sale and may sell more in the future.

According to The Block, the Latin American cross-border payment app El Dorado has completed a $9 million Series A funding round, led by Paradigm, with participation from Coinbase Ventures and Verda Ventures.El Dorado focuses on addressing the issues of low efficiency and high costs in cross-border payments in Latin America, covering 12 countries including Argentina, Brazil, and Colombia. It currently has over 100,000 active users and has processed more than 5 million transactions.The company stated that its business has expanded to enterprise-level payment services, supporting cross-border trade and corporate cash flow, and has integrated stablecoin and fiat settlement systems into a unified payment architecture.After this funding round, El Dorado further launched an enterprise payment product based on the Tempo Layer 1 blockchain. This network was co-incubated by Paradigm and Stripe, aiming to provide global enterprises with cross-border settlement capabilities without the need for local entities.Analysts believe that as stablecoins and on-chain payment infrastructure accelerate their implementation in emerging markets, Latin American cross-border payments are becoming one of the important testing grounds for the integration of crypto finance and traditional payment systems.

According to The Information, sources revealed that Tencent has invested in a new AI laboratory founded by Lin Junyang, the former core leader of Alibaba's Tongyi Qwen large model. In Lin Junyang's first round of financing, Tencent invested $20 million, with the total amount raised in the first round reaching several hundred million dollars, and a post-investment valuation of approximately $2 billion. The first round of financing was led by Sequoia China and Gaorong Capital, with both parties investing $100 million each. After completing the first round of transactions, Lin Junyang is already seeking the next round of financing.Before this transaction, Tencent had already invested in several local large model developers in China, including Dark Side of the Moon, MiniMax, and Zhiyu AI, and is currently participating in the latest round of financing for DeepSeek. Lin Junyang left Alibaba in early March this year. Due to disagreements with Alibaba regarding team restructuring, he chose to publicly announce his resignation on the social platform X.

Bitget, in collaboration with Block Scholes, released the RWA perpetual contract liquidity report. The data shows that since 2026, the tokenized stock and commodity markets on Bitget have continued to mature. Taking Nvidia NVDA-USDT as an example, as of mid-May, the order book liquidity within its ±2% price range is approximately $4.1 million, reaching about 75% of the depth of the Bitget Bitcoin spot market.During the high volatility period triggered by geopolitical conflicts in February 2026, although the price spread briefly widened, the liquidity in the related markets quickly returned to normal levels within a few days, demonstrating strong resilience. Bitget CEO Gracy Chen stated that the core competitive point of the current tokenized market has shifted from "access" to "efficiency," and liquidity is becoming one of the important indicators for measuring the tokenized market.

According to on-chain analysts, a certain whale withdrew 45.495 million USDT from Binance three and a half hours ago, then staked it into Aave and borrowed 10,000 ETH to short sell, worth approximately 17.25 million dollars. Currently, this whale has staked a total of 156 million dollars in stablecoins, borrowed 35,388.4 ETH, with an average selling price of 1,682.14 dollars, and is currently facing an unrealized loss of 1.098 million dollars. Liquidation will be triggered when the ETH price rises to 3,453.36 dollars.

According to Xinhua Daily, the police in Ya'an, Sichuan have cracked a cross-border online pornography crime case. The involved pornographic comic website "Shameful Color Comics" profited by inducing teenagers to frequently make small payments, with the website receiving over 100 million visits and a financial flow exceeding 12 million yuan (approximately 1.66 million USD). The police found that individuals within the country received the illicit funds through multiple companies and personal accounts, and that Li Mouwu and others transferred the money abroad using virtual currency.Recently, the People's Court of Ming Mountain District in Ya'an City sentenced five defendants for the crimes of profiting from the distribution of obscene materials and assisting in information network crime activities. Judicial authorities are still investigating the foreign financial backers behind the website.

Ethena's official announcement states that the first product launched in collaboration with Coinbase is now officially online, which is the stablecoin yield pool introduced by SteakhouseFi. This product operates based on USDe on Morpho and is now directly available in the Coinbase App, accessible to users in the United States and overseas.

The globally leading digital asset trading platform Gate collaborates with the University of Wollongong in Dubai to host an online Web3 workshop. Through industry sharing, career development exchanges, and simulated trading practices, the workshop provides students with an open course focused on the cutting-edge developments in blockchain and the digital economy.During the event, the Gate team shared insights on topics such as the basics of blockchain, the integration trends of AI and blockchain, industry talent demands, and career development paths. They also introduced the current state and future opportunities of the digital asset industry in conjunction with real business scenarios. In the interactive exchange session, students actively asked questions about industry trends, innovations in digital payments, and career planning, receiving a positive response from the audience. In the simulated trading competition, students experienced the operational mechanisms of the digital asset market through practical exercises, combining classroom knowledge with real-world operations.This collaboration not only provides students with opportunities to engage with cutting-edge technology and industry practices but also further promotes the communication and connection between higher education and industry demands. As a leading platform in the industry, Gate continues to foster communication and collaboration between academia and industry. Its founder and CEO, Dr. Han, has also been invited multiple times to visit campuses to share insights on blockchain, industry innovation, and trends in the digital economy. By deepening the integration of industry and education practices, Gate is injecting more youthful energy into the long-term innovative development of Web3 and the digital economy.

According to on-chain analyst Ai Yi's monitoring, a whale that short-sold ETH by borrowing coins has once again taken profit of 4,386 ETH, earning $233,000. Currently, they are still collateralizing 99.75 million USDT to borrow 23,618.97 ETH for short-selling, with an average price of $1,672; since yesterday, they have accumulated a total profit of 11,386 ETH, realizing a profit of $423,000.

According to on-chain analyst Ai Yi's monitoring, the giant whales short-selling ETH by borrowing coins have begun to take profits. From June 8 to June 9, they cumulatively pledged 132 million stablecoins and sold 35,000 ETH at an average price of $1,672.Two hours ago, they withdrew 7,000 ETH from Binance for the first time and repaid an Aave loan, realizing a profit of $190,000, with 28,000 ETH still outstanding.

According to on-chain analyst Yu Jin's monitoring, a certain lending short-selling ETH whale continues to short 7,000 ETH, worth 11.83 million USD. Currently, it has collateralized 132 million USD in stablecoins on Aave, borrowed 35,000 ETH, and transferred it to Binance, worth 58.51 million USD, at a price of 1,672 USD.