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On Wednesday, the U.S. House Financial Services Committee held a hearing to discuss the changing roles of banks and fintech companies, with one focus being the "streamlined master account" proposal that the Federal Reserve is considering, which would allow certain crypto banks and fintech companies limited direct access to the Federal Reserve's payment system. A Federal Reserve master account allows financial institutions to directly use the Federal Reserve payment network and gain the most direct access to the U.S. dollar monetary system. Institutions without this account typically need to rely on partner banks that have master accounts to provide services.The so-called "streamlined account" is a limited-function version intended to provide limited access for new financial institutions. Republican Congressman Dan Meuser stated at the hearing that access to the Federal Reserve payment system is no small matter, and the core issue is which institutions should be allowed to directly use these critical payment channels. Traditional institutions like community banks are concerned that crypto and fintech companies are not subject to equally stringent regulation, and direct access could pose risks to security and stability. The crypto industry generally supports the proposal, arguing that direct access to the Federal Reserve payment system should have been opened long ago, as it would help reduce reliance on intermediary banks and promote innovation.In May of this year, Trump also signed an executive order requiring the Federal Reserve to assess policies for opening central bank payment channels to fintech companies, including crypto companies. Previously, the Kansas City Federal Reserve had approved Kraken's parent company Payward for a "limited purpose account" in March, sparking discussions in the market about the extent to which crypto and fintech companies should have direct access to Federal Reserve services. A representative from Anchorage Digital stated at the hearing that if the U.S. wants to continue as a global financial center, it needs to allow for innovative federal and state regulatory frameworks.

DeFi protocol Altura's CEO Ranveer Arora announced that due to "unprecedented" withdrawal requests over the weekend, the platform will orderly close its stablecoin yield vault. It is reported that within 24 hours prior to the announcement, Altura processed over 8.5 million USDT in instant redemptions.This wave of withdrawals was primarily influenced by market panic triggered by the severe de-pegging of another yield-bearing stablecoin, Main Street (msUSD). Although Altura officials clarified that they have no direct risk exposure to Main Street, concerns arose in the market because both projects share the same reserve proof service provider, Accountable. Currently, Altura has notified all counterparties and has begun to unwind its strategic funds in exchanges, private credit, and real-world assets (RWA) to ensure that all redemptions can be completed fairly and transparently. It is understood that the total locked value of the vault on HyperEVM once reached 39 million dollars.

IBM CEO Arvind Krishna recently expressed serious doubts about the massive capital expenditures by competitors in the pursuit of Artificial General Intelligence (AGI) during an interview. Krishna estimates that the current cost of building a 1-gigawatt data center is about $80 billion; if the entire industry deploys 100 gigawatts of computing power to achieve AGI, total capital expenditures could reach $8 trillion. He pointed out that this means companies would need to generate $800 billion in profit just to cover interest, making it fundamentally impossible to achieve a return on investment from a business logic perspective.Additionally, Krishna believes that the probability of achieving AGI relying on currently known large language model (LLM) technology is extremely low (only 0% to 1%), unless there are fundamental technological breakthroughs in integrating knowledge with LLMs. Despite his pessimistic view on the short-term realization of AGI, he still acknowledges that generative AI will unleash trillions of dollars in productivity value for enterprises.

According to monitoring by Catcher Predict, in the event "Valorant: Paper Rex vs Leviatán Esports - VCT Masters London Playoffs" on the prediction market Polymarket, the "Paper Rex" option in the sub-market "Map 4 Winner" has experienced a drastic fluctuation in win rate, plummeting from 55.5% an hour ago to the current 11% (a fluctuation of 44.5%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Dplus KIA Challengers vs T1 Academy - Asian Masters Playoffs," the "Odd" option in the sub-market "Total Kills Odd/Even" has experienced a dramatic fluctuation in win rate, soaring from 51% an hour ago to the current 90.5% (a fluctuation of 39.5%). Please note the impact of related breaking news.

According to Crowdfund Insider, MetaMask has launched an address poisoning attack detection feature to identify scam addresses that are highly similar to addresses with which users have interacted in the past. Address poisoning attacks refer to when attackers send small amounts of tokens to a user's wallet, causing disguised addresses to appear in transaction records, leading users to mistakenly copy and transfer funds later. In recent years, address poisoning attacks have surged. According to security data from Blockaid, over 65.4 million such incidents occurred between January 2025 and February 2026.The new feature in MetaMask will automatically compare addresses pasted by users with historical interaction addresses. If it detects that the first and last characters are the same but the characters in between are different, it will display a blocking reminder during the transfer process. MetaMask has also improved the way addresses are displayed, showing more characters to reduce the possibility of confusion. This feature is now available on MetaMask Mobile and the browser extension.

According to monitoring by Catcher Predict, in the event "LoL: T1 Academy vs KT Rolster Challengers - Asia Masters Playoffs" on the prediction market Polymarket, the "Match Winner" sub-market option "T1 Academy" has experienced a dramatic fluctuation in win rate, dropping from 69.5% an hour ago to the current 28.5% (a fluctuation of 41%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: KT Rolster Challengers vs Nongshim Esports Academy - Asian Masters Playoffs," the "Yes" option win rate for the sub-market "Both teams kill a dragon" has experienced a dramatic fluctuation, soaring from 50.5% an hour ago to the current 90% (a fluctuation of 39.5%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Dplus KIA Challengers vs T1 Academy - Asia Masters Playoffs," the "Yes" option in the sub-market "Both teams kill Baron Nashor" has experienced a dramatic fluctuation in win rate, soaring from 49.5% an hour ago to the current 73% (a fluctuation of 23.5%). Please note the impact of related breaking news.

The cryptocurrency trading platform Bybit stated that it has noted its inclusion in the Investor Alert List of the Monetary Authority of Singapore (MAS) and is actively communicating with the Monetary Authority of Singapore to further understand the basis for this listing.Bybit claims that the company has maintained open and constructive communication with MAS and continues to take measures to prevent users in Singapore from accessing its platform, including explicitly restricting access in its terms of service and geo-blocking Singapore IPs. It currently does not provide services to users in Singapore and stated that it will continue to cooperate with regulatory authorities globally. Updates will be announced in a timely manner if there are further developments.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Nongshim Esports Academy vs T1 Academy Asian Masters Playoffs," the "Odd" option in the sub-market "Odd/Even Total Kills" has experienced a dramatic fluctuation in win rate, soaring from 49.5% an hour ago to the current 90% (a fluctuation of 40.5%). Please note the impact of related breaking news.

Slow Fog stated that over 140 Mastra-related npm packages were subjected to a supply chain attack, with the affected versions introducing the malicious dependency easy-day-js@1.11.22, triggering code execution controlled by the attacker during the installation phase.

According to monitoring by Catcher Predict, in the event "LoL: KT Rolster Challengers vs Dplus KIA Challengers - Asia Masters Playoffs" on the prediction market Polymarket, the "Odd" option in the sub-market "Total Kills Odd/Even" has experienced a dramatic fluctuation in winning probability, soaring from 50.1% an hour ago to the current 95% (a fluctuation of 44.9%). Please note the impact of related breaking news.

According to LatePost, ByteDance is adjusting its AI resource allocation strategy, shifting its focus from consumer-facing products like "Doubao" to products that serve enterprise clients. This change is partly influenced by the high operational costs of AI and challenges to existing business models.It is reported that "Doubao" has over 200 million daily active users, but due to the enormous computational costs associated with inference and multimodal capabilities, it incurs daily expenses of tens of millions, while its monetization channels, such as e-commerce, generate less than one million daily. In contrast, ByteDance's video generation model Seedance demonstrates strong profitability. Thanks to its efficient MoE architecture (200 billion parameters) and relatively low reliance on inference computing power, Seedance 2.0 currently has a gross margin of 70%, with the vast majority of its revenue coming from enterprise clients, and its current annual recurring revenue (ARR) has reached 2 billion dollars.Insiders reveal that ByteDance's large model data review team has expanded to over 3,000 people this year, primarily to clean training data for programming models. Meanwhile, the MaaS business of Volcano Engine has also been placed in a more important position, with ByteDance's top management setting a goal to increase revenue tenfold and accelerate international expansion. Additionally, ByteDance executives recently visited Anthropic, which has achieved significant growth in both revenue and valuation through enterprise-level AI programming services, providing a reference for ByteDance's strategic adjustments.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Valorant: Team Vitality vs FUT Esports - VCT Masters London Playoffs," the "Map 3 Total Rounds: Over/Under 22.5" sub-market's "Over" option win rate has experienced a sharp fluctuation, dropping from 70.5% an hour ago to the current 50% (a fluctuation of 20.5%). Please note the impact of related breaking news.

According to official news, Gate will launch the TradFi CFD Gold Master Tournament event from June 11 at 18:00 to July 11 at 18:00 (UTC+8). During the event, users can sign up and participate in trading TradFi CFD related assets such as gold, silver, crude oil, foreign exchange, US stocks, and indices, giving them the chance to participate in the Gold Master Trading Leaderboard, Yield Master Leaderboard, and the Gold Lucky Bag hourly lottery event, sharing leaderboard rewards equivalent to a maximum of 500,000 USDT and a total of 1,020g gold rewards.In addition, new users who open positions in the CFD sector for the first time, complete their first CFD transaction, and have a position amount reaching 1,000 USDx can also receive a 200 USDx CFD position experience voucher. Users can obtain lottery qualifications for the Gold Lucky Bag after completing tasks such as trading, inviting friends, or VIP upgrades; users at VIP5 and above can also participate in exclusive gold lotteries and daily free lottery opportunities in the regular session to win additional gold rewards.

According to The New York Times, Canadian man Trenton Johnston pleaded guilty in a federal court in Florida, admitting to participating in a money laundering conspiracy involving approximately $13 million, with funds sourced from cryptocurrency fraud. Prosecutor documents show that Johnston, over a two-year period, impersonated representatives of Google and cryptocurrency companies to lure victims into giving up their account access, and conspired with accomplices to transfer and hide illegal proceeds for luxury spending, including luxury cars, jewelry, nightclub expenses, and private jet travel.In March 2024, he was pulled over by police for speeding in a Rolls Royce in Miami, where there was a suspected smell of marijuana and illegal drugs in the vehicle, leading to a subsequent investigation that uncovered his long-term involvement in cryptocurrency fraud. The case also revealed that he had scammed a California resident out of approximately 185 bitcoins (worth about $13 million) using social engineering tactics. Data from the FBI indicates that losses related to cryptocurrency theft exceeded $11 billion in 2025, an increase of about 20% year-on-year. Currently, Johnston, as a first-time offender, has reached a plea agreement with prosecutors and is expected to face a prison sentence of 4 to 5 years, after which he will be deported to Canada.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Valorant: Global Esports Match XLG Gaming - VCT London Masters Group Stage," the option "XLG Gaming" in the sub-market "Map 2 Round Spread: XLG Gaming (-2.5) vs Global Esports (+2.5)" has experienced a dramatic fluctuation in win probability, soaring from 50% an hour ago to the current 95% (a fluctuation of 45%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "Valorant: FUT Esports vs NRG - VCT Masters London Group Stage," the "Over/Under 25.5 Total Rounds for Map 1" sub-market's "Over" option has experienced a dramatic fluctuation in win rate, soaring from 0.5% an hour ago to the current 47.5% (a fluctuation of 47%). Please note the impact of related breaking news.