coordinate

According to Cointelegraph, the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking announced the signing of a Memorandum of Understanding (MOU) to coordinate the regulation of cryptocurrency companies operating in both jurisdictions, covering license approvals, inspections, and potential enforcement actions. This agreement applies to businesses already regulated in either state, as well as companies seeking approval in both locations simultaneously.Under the agreement, the regulatory agencies in both states will share analytical results and historical inspection data to streamline the application process, coordinate inspection timelines, and promote joint inspections of companies operating across state lines. For businesses already regulated in one of the states, holding an existing license or charter for at least three years, and not subject to enforcement actions, the agreement provides an expedited approval pathway, with the second regulatory agency striving to make a decision within six months.The MOU also establishes a mechanism for sharing regulatory reports, market trend data, and notifications of potential enforcement actions, with regulatory agencies regularly sharing investigative information and being able to take joint, coordinated, or separate enforcement actions. This move connects two states that have historically taken different approaches to cryptocurrency regulation: New York has maintained the BitLicense regime since 2015, while Wyoming has accommodated digital asset businesses through cryptocurrency-related laws, regulations, and specialized banking charters.

The Cosmos ecosystem protocol Neutron faced a governance proposal that was manipulated by an attacker. The related address spent approximately 20,199 USDC to buy NTRN and staked 31.6 million NTRN about 12 minutes before the voting ended, ultimately allowing the proposal to pass with an 82% approval rate. Subsequently, the management rights of 11 contracts were transferred to the attacker, and they migrated to malicious code, stealing approximately 4.4 million dollars in assets.To recover the funds, Cosmos Hub validators coordinated a chain halt for nearly 24 hours and 48 minutes, and during the restart process, approximately 1.23 million ATOM were transferred from the attacker's wallet to a new address, with plans to return them to the original holders.

The Iranian Revolutionary Guard stated that any vessels passing through the restricted area of the Strait of Hormuz without coordination from Iran will face sanctions.

The Financial Times of the UK reports that Huawei is becoming more deeply involved in the domestic photolithography machine supply chain, not only investing in related equipment and component companies but also coordinating suppliers, wafer fabs, and complete machine manufacturers to promote domestic DUV into actual production lines. Bernstein analysts describe Huawei as the "project manager" for China's DUV projects.The fastest progress is being made by Shanghai Yuliangsheng. The company is involved in the development of domestic advanced DUV, with equipment already tested at wafer fabs such as SMIC and Huawei's own production lines, planning to produce 12 units by the end of this year. At this stage, the focus is primarily on simpler chips, with the ultimate goal of being used for advanced AI chip manufacturing.Currently, domestic DUV has not completely eliminated reliance on overseas supply chains. The projection lenses used by Yuliangsheng still come from Germany's Zeiss, and high-power light sources are also a major bottleneck. Huawei has invested in companies such as Qiqi Photon and Keyihongyuan to supplement domestic lenses and light sources.

According to Jinshi reports, the Japanese Ministry of Finance coordinated a yen buying intervention with the United States last Friday, with both parties jointly purchasing yen.

Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate the regulation of virtual assets, strengthen cooperation among the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a virtual asset committee composed of heads of Nigeria's main financial regulatory agencies, responsible for guiding relevant policies. The Nigerian tax authorities will update digital asset policies and provide more details on their impact on taxpayers.The President's Special Adviser Bayo Onanuga stated that the executive order does not establish new regulatory bodies nor transfer power between institutions; each agency retains its statutory responsibilities and independence, and registration requirements will be determined based on the nature of the activities and the assets involved. A report from the International Monetary Fund (IMF) in June indicated that since 2019, Nigeria has accounted for about 60% of the stablecoin inflows to sub-Saharan Africa; from July 2023 to June 2024, the country's cryptocurrency inflows are estimated to be around $59 billion.

According to C114 Communication Network, China Mobile has recently established a "Token Office" at the group level, directly led by the core leadership of the group, with the general manager of the Strategic Development Department serving as the executive deputy director, a position higher than the previous Computing Power Office.It is reported that this department aims to streamline the entire process of "creating Tokens, delivering Tokens, and applying Tokens," breaking the previous situation where multiple secondary departments such as the Computing Power Office, Mobile Cloud, Digital Intelligence Business Unit, Marketing Department, and Government and Enterprise Business Unit operated independently. Its core mission is to promote the implementation of two underlying capabilities in the intelligent era of China Mobile: first, to introduce the MobileClaw intelligent framework with a rich "skill package," and second, to gather over 300 mainstream models on the Mobile MoMA model platform, to accelerate the commercial implementation and large-scale operation of operators in the dimensions of AI network infrastructure and model application.

On June 8, the U.S. Government Accountability Office (U.S. GAO) sent a letter to Federal Deposit Insurance Corporation Chairman Travis Hill. The letter pointed out that blockchain-related financial products and services have significantly increased, and blockchain technology has been placed on the high-risk list. U.S. GAO recommended establishing a relevant coordination mechanism to assist regulatory agencies, such as the Federal Deposit Insurance Corporation, in jointly identifying risks and timely implementing regulatory responses.In addition, according to the GENIUS Act passed last year, the Federal Deposit Insurance Corporation is the primary regulatory agency overseeing stablecoin issuers under banks. U.S. GAO also suggested that the Federal Deposit Insurance Corporation rotate case managers assigned to banks to reduce threats to independence. The collapse of three banks related to the cryptocurrency industry in 2023 raised questions about whether regulatory agencies took sufficient action.

According to CryptoSlate, the U.S. Congress is pushing to rebuild the Department of Justice's cryptocurrency crime task force. Previously, the Department of Justice disbanded the National Cryptocurrency Enforcement Team in April 2025 and stopped its "law enforcement as regulation" strategy targeting the cryptocurrency industry. The new bill was proposed by Representatives Lance Gooden and Josh Gottheimer, aiming to establish a federal cryptocurrency theft task force within the Department of Justice, responsible for coordinating investigations and prosecutions of cases involving cryptocurrency theft, hacking, fraud, and more.The task force's responsibilities include developing best practices for evidence collection, digital evidence analysis, asset tracking, and victim outreach, providing technical assistance and training to state and local law enforcement agencies, and coordinating international cross-border case cooperation. The bill explicitly excludes the cryptocurrency market, financial institutions, and financial products from the task force's regulatory scope, without changing the existing regulatory framework and criminal law. An FBI report indicates that in 2025, there were 181,565 complaints involving cryptocurrency, with reported losses exceeding $11 billion. The bill has not yet clarified details regarding funding, staffing, and victim response mechanisms.

Hong Kong Legislative Council member Wu Jietzhuang posted on the X platform, stating that the gradually relaxed policies in Hong Kong will allow licensed companies and industry practitioners to fully realize their potential. The Chief Executive of the Special Administrative Region has proposed that the first batch of stablecoin issuer licenses will begin to be issued starting in March this year, which is believed to further enhance society's recognition and practical application of Web3. It is suggested that Hong Kong consider establishing a dedicated agency or department to comprehensively coordinate the development direction related to digital and crypto assets.For example, consider introducing clear guidelines or regulations to allow decentralized autonomous organizations (DAOs) to operate more compliantly in Hong Kong, attracting more Level 1 public chain projects to thrive in Hong Kong.

According to Jinshi News, the US Dollar Index (DXY) fell below the 97 mark on Monday, the first time since September of last year. Investors are discussing the possibility of the US participating in Japan's foreign exchange intervention actions, worrying about the status of the dollar as a global reserve currency. Daniel Baesa, Senior Vice President of Frontclear, stated that signals of policy coordination could exacerbate short-term downward pressure on the dollar, especially if the Federal Reserve takes a dovish stance.

The Berachain Foundation stated, "The validator nodes have coordinated to pause the Berachain network to allow the core team to execute an emergency hard fork to address the vulnerability issues related to Balancer V2 on BEX. This network pause is planned, and the network will resume operation shortly."

ChainCatcher news, Web3 security service provider GoPlus Security has released an announcement detailing the GPS token buyback plan that the community is concerned about. According to the announcement, GoPlus has been working closely with Binance to complete the buyback process. Since executing the buyback requires a corporate account, and GoPlus previously did not have a registered corporate account with Binance, a comprehensive KYB (Know Your Business) process needed to be completed. This process involved the legal team of the parent company applying for the necessary documents from the relevant departments, resulting in some delays. GoPlus announced that its KYB process has been approved, and the team will coordinate to retrieve the frozen funds and execute the buyback plan as soon as possible.

ChainCatcher news, Vice Minister of Finance Liao Min stated that in 2025, there will be an increased effort to coordinate fiscal policy and monetary policy, focusing on enhancing the combination effect and multiplier effect of policies. Through the use of public funds, it will be possible to stimulate more investment from credit funds and social capital, thereby playing a positive role in expanding domestic demand and supporting stable and healthy economic development.

ChainCatcher news, Avalon Labs (formerly known as Avalon Finance) announced on their official Twitter that a coordinated attack targeting multiple projects within the ecosystem has been discovered, with these projects being maliciously reported as phishing sites.Avalon Labs stated that its operations have not been affected and has reported this behavior to Cloudflare, actively reaching out to relevant parties to address such malicious accusations.

ChainCatcher news, stablecoin issuer Tether announced on social media that within a few hours, Tether will coordinate with a well-known third-party exchange for an on-chain conversion, converting part of its USDT cold wallets from different blockchains into USDT on the ETH blockchain. During this process, the total supply of USDT will remain unchanged.The specific allocation is as follows (subject to change): 1 billion USDT on the TRC20 chain, 600 million USDT on the AVAX (C) chain, 300 million USDT on the NEAR chain, 75 million USDT on the CELO chain, and 60 million USDT on the EOS chain will all be converted to USDT on the ETH chain.

ChainCatcher news, OpenAI has launched an experimental framework called "Swarm," aimed at coordinating a network of artificial intelligence agents, although the company emphasizes that Swarm is not an official product.Swarm provides developers with a blueprint for creating an interconnected network of artificial intelligence that can communicate, collaborate, and handle complex tasks autonomously. While the concept of multi-agent systems is not new, Swarm represents an important step in making these systems more accessible to a broader range of developers.The potential business applications of this framework are vast. Theoretically, companies using technologies inspired by Swarm could create a dedicated network of artificial intelligence agents for different departments. These agents could work together to analyze market trends, adjust marketing strategies, identify sales leads, and provide customer support—all requiring minimal human intervention.