cent

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 market data, Bitcoin whales have recently accumulated approximately 53,000 Bitcoins, marking the largest increase since last year, providing some support to the price after several weeks of selling. However, overall market demand remains relatively concentrated, raising doubts about whether the market has truly entered a recovery phase.Currently, the price of Bitcoin is still down about 40% from last year's peak, with some cryptocurrency ETF investors in a state of unrealized losses, while institutional buying has also slowed down. Analysts believe that, in the absence of broader capital participation, this round of buying is more likely to be a phase of stabilizing the market rather than a signal of a trend reversal.

Market data shows that Bitcoin whales have accumulated approximately 53,000 Bitcoins since last year, which has provided some support for the price. However, overall market demand remains relatively concentrated, raising doubts about whether the market has truly entered a recovery phase.Currently, the price of Bitcoin is still down about 40% from last year's peak, and some cryptocurrency ETF investors are in a state of unrealized losses, while institutional buying has also slowed down. Analysts believe that in the absence of broader capital participation, this round of buying is more likely to be a phase of stabilizing market behavior rather than a signal of a trend reversal.

According to CoinDesk, Hong Kong Chief Executive John Lee stated at the Consensus Hong Kong conference that the Hong Kong government is committed to building Hong Kong into a global innovation center for digital assets.John Lee emphasized that Hong Kong, leveraging its unique advantages of "one country, two systems," combined with deep financial market liquidity, innovative products, and a world-class investor protection system, is actively constructing a regulatory framework to promote the sustainable development of the Web3 ecosystem.He revealed that the Hong Kong Monetary Authority will soon issue the first batch of stablecoin licenses next month, and the Securities and Futures Commission is also working to enhance liquidity in the virtual asset market. He also expressed a welcome to global enterprises and institutions to join hands with Hong Kong to build a brighter digital future together.

According to Jinshi, U.S. President Trump stated that our interest rates should be 2 percentage points lower than they are now.

Circle Ventures announced a strategic investment in the decentralized trading platform edgeX, with specific amounts and valuation details not disclosed. Circle also plans to introduce its stablecoin USDC and cross-chain transfer protocol (CCTP) to edgeX's blockchain, EDGE Chain.It is reported that the two companies began discussions at the end of 2025 and ultimately completed the investment transaction last month, with Circle Ventures being the sole investor in this round of financing.

CZ posted on the X platform that, compared to all other centralized exchanges, Binance users hold the highest proportion of most stablecoins, including USDT, USDC, USD 1, and U.

According to Jinshi reports, the Russell 2000 index has reached a new high in over two weeks, rising 0.9% recently.

According to Jinshi reports, ECB Governing Council member Nagel stated that the European Central Bank is unlikely to react to a temporary slowdown in inflation, as the current inflation risks are roughly balanced and the current interest rate level is appropriate.

According to Coin Bureau, two major Bitcoin whale groups have been actively buying as the price of Bitcoin fell below $60,000.Wallets holding 1,000 to 10,000 Bitcoins increased their holdings by 22,000 Bitcoins, while wallets holding 10,000 to 100,000 Bitcoins have added another 18,000 Bitcoins since last Friday.

According to Jin Ten reports, ECB Governing Council member Simkus stated that the probability of a rate hike or a rate cut next time is 50% each.

According to Jinshi Data, EU High Representative for Foreign Affairs and Security Policy Borrell stated that the European Union will prohibit the digital currency of the Russian Central Bank.

The heads of the People's Bank of China and the China Securities Regulatory Commission stated that the background for the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies" (hereinafter referred to as the "Notice") is: based on summarizing previous work experiences and in conjunction with the new risk situation, the original document has been revised to form the "Notice."In addition, this notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as legal tender, and that conducting virtual currency-related business activities within the country is considered illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.In response to the rapid development of real-world asset tokenization in recent years, the "Notice" emphasizes that conducting real-world asset tokenization activities within the country, as well as providing related intermediary and information technology services, which may involve illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, should be prohibited; except for related business activities conducted based on specific financial infrastructure with the approval of the competent business authorities in accordance with laws and regulations. Foreign entities and individuals are not allowed to illegally provide real-world asset tokenization-related services to domestic entities in any form.

According to Jinshi reports, relevant officials from the People's Bank of China and the China Securities Regulatory Commission answered reporters' questions regarding the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies." They stated that regarding virtual currencies, there has long been a prohibitive policy stance on related business activities within the country.In 2013, the People's Bank of China and five other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clarified that Bitcoin is a specific virtual commodity and should not be circulated or used as currency in the market. The "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation," issued in 2021, further clarified that Bitcoin, Ethereum, and stablecoins such as Tether do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited.The notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.

Bitwise CEO Hunter Horsley stated in an interview with CNBC, "Bitcoin has seen a double-digit drop in a single day and is currently in a bear market, down nearly 30% year-to-date. As for the reasons, I believe the current crypto market is being swept up by the overall macro environment, with investors selling off all liquid assets. Gold is down, the Nasdaq 100 is down, and Amazon is also being sold off. Over the past few months, there have indeed been some internal factors in the crypto space, such as operational disruptions at certain offshore trading platforms, but at this moment, crypto assets are trading more in sync with other highly liquid assets. I feel that long-term holders are experiencing uncertainty; meanwhile, newly entering institutional investors feel they are encountering a 'second chance,' seeing prices they once thought they had missed forever. I believe we are currently in a transitional phase. Ultimately, crypto assets remain a relatively small asset class, and most investors have not truly allocated to them yet. Therefore, the overall long-term outlook is very solid; it is just currently experiencing fluctuations and reversals during this transitional period."

Pantera Capital general partner Franklin Bi posted on platform X speculating that the recent large-scale sell-off in the crypto market was driven not by a trading firm focused on cryptocurrencies, but by a large entity from outside the crypto space in Asia.This entity has limited crypto trading counterparts, so it went unnoticed by the crypto community. Franklin Bi speculated that this entity engaged in leveraged trading and market making on Binance → closed yen arbitrage trades → faced an extreme liquidity crisis → obtained about a 90-day grace period → attempted to recover losses through gold/silver trading but failed → and was forced to close positions this week.