status

According to Jinshi reports, a survey by Invesco shows that 61% of central banks believe that the level of U.S. debt has a negative impact on the long-term status of the dollar as a reserve asset.

According to Caixin, the "People's Bank of China Law (Revised Draft)" was submitted for the first review at the 23rd meeting of the Standing Committee of the 14th National People's Congress on June 23, 2026. Among the new proposals, "clarifying the legal status of digital renminbi" is a new term. The 2020 consultation draft only mentioned that "renminbi includes both physical and digital forms." Previous consultation drafts also stipulated that no unit or individual may produce or sell token vouchers and digital tokens to replace renminbi in circulation in the market. The People's Bank of China shall order the cessation of illegal activities, destroy illegally produced and sold token vouchers and digital tokens, confiscate illegal gains, and impose fines of up to five times the illegal amount.

Status Network announced that it will merge its gas-free and privacy L2 technology into the Linea ecosystem, becoming the native distribution layer for the latter, and will no longer launch an independent mainnet. This merger aims to unify the technical routes and liquidity of both parties, avoid ecological fragmentation, and allow Status to fully concentrate its resources on its core application, Status App.The official statement indicated that the previous pre-deposit treasury has now been closed, and the related assets will be fully migrated to the Linea mainnet. When the Linea mainnet opens for withdrawals, pre-deposit users will not only be able to withdraw their principal and accrued earnings but will also proportionally receive a total of 20 million SNT and 20 million LINEA as liquidity rewards. A detailed migration timeline and testnet developer migration guide will be officially announced next week.

Taiko posted on platform X that it has confirmed the chain state verification mechanism of Taiko has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko is coordinating with the security committee and ecosystem partners to control the situation, suspend affected systems, and take technical and legal action. Taiko strongly advises all users to immediately withdraw funds from all cross-chain bridges deployed on Taiko.Taiko urgently requests all centralized exchanges to suspend TAIKO token deposits until further notice. The attacker's address has been disclosed. Previously, it was reported that the Taiko ERC20 Vault was attacked, resulting in losses exceeding $1 million.

According to the disclosure on the website of the China Securities Regulatory Commission, the IPO counseling status of Beijing Zhipu Huazhang Technology Co., Ltd. on the Sci-Tech Innovation Board has changed to "Counseling Acceptance," with the counseling brokerage being Guotai Junan Securities.

According to financial audit documents disclosed by technology critic Ed Zitron and verified by the Financial Times, OpenAI achieved revenue of $13.07 billion in 2025, but total costs and expenses reached $34 billion, resulting in an operating loss of $20.92 billion for the year. Due to OpenAI's structural shift to a for-profit entity that year, it incurred a loss of up to $41.55 billion from the fair value change of convertible equity and warrants. After accounting for interest and other factors and excluding non-controlling interest gains and losses, the final net loss attributable to OpenAI for 2025 amounted to $38.53 billion.Comparative data in the documents indicate that OpenAI's losses are showing a dramatic year-on-year increase. Its revenue in 2024 was $3.7 billion, total costs were $12.48 billion, operating loss was $8.78 billion, and the final net loss attributable to the company was $5.09 billion. By 2025, its core expenses saw R&D costs surge to $19.18 billion, revenue costs were $7.5 billion, and sales and marketing expenses were $5.73 billion. By the end of 2025, OpenAI had slightly over $50 billion in assets, nearly half of which was cash reserves.Additionally, the document disclosed for the first time the financial transactions between OpenAI and its major strategic partners in detail. During 2025, SoftBank paid OpenAI $867 million, while Microsoft paid $303 million. Meanwhile, OpenAI paid Microsoft service fees of up to $17.2 billion in the 2025 calendar year, of which $10.59 billion was accounted for as R&D expenses (widely believed to be for model training costs), and $6.047 billion was related to revenue costs. By the end of 2025, OpenAI still had approximately $3.64 billion in liabilities to Microsoft.

According to the official website of the Shanghai Stock Exchange, the IPO review status of Yushu Technology Co., Ltd. has changed to submitted for registration.

According to CoinDesk, the prediction market platform Kalshi has filed a federal lawsuit regarding a new law in Minnesota that will take effect on August 1, which classifies the operation, hosting, or promotion of prediction market platforms as a criminal offense. Kalshi argues that the law is unconstitutional, claiming it infringes upon the exclusive federal jurisdiction over derivatives markets granted to the CFTC by the Commodity Exchange Act, and violates the First Amendment on the grounds of restricting advertising.Previously, the CFTC had filed a motion on May 19, also claiming that the state legislation is unconstitutional. U.S. President Trump has also publicly expressed support for the CFTC's singular regulatory authority over prediction markets. Kalshi has previously won a preliminary injunction in similar enforcement actions in New Jersey and Arizona.

According to market news, Strategy ($MSTR) CEO Phong Le recently stated that Bitcoin will become a global digital reserve asset within the next 10 years, with importance comparable to the US dollar. He predicts that governments around the world will hold Bitcoin by then, and Strategy will become the largest holder of Bitcoin globally.

According to Jinshi reports, U.S. Treasury Secretary Yellen stated that the dominance of the dollar and its status as a reserve currency have further strengthened.

According to Caixin, the one-month public consultation for the "Financial Law of the People's Republic of China (Draft)" ended today (April 19). This is the first overarching law in China and the world with "finance" in its name. The expansion of "quasi-judicial powers" for financial regulation is a topic of great concern in the market.According to Article 55 and related provisions, financial regulatory authorities have the right to access and copy property rights information, communication records, and transaction records of relevant entities and individuals when investigating financial violations. They can directly freeze or seal assets if there is evidence suggesting the transfer or concealment of illegal funds and securities. They can even decide that individuals suspected of violations cannot leave the country during the investigation.In addition, Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, believes that the "Financial Law" should also strengthen its focus and coverage on emerging financial formats. Topics such as AI-driven financial decision-making, the legal status of digital currencies, and the regulatory boundaries of crypto assets have sparked widespread controversy globally, but the draft addresses them very little. How to maintain a dynamic balance between lawful regulation and inclusive innovation is a problem left to be solved by legislation.

According to Jinshi reports, Federal Reserve Governor Waller stated that he is not worried about the dollar losing its status as a reserve currency, believing that the dollar is still trusted by all parties.

According to Cointelegraph, the governor of Alabama has signed the "Decentralized Non-Registered Non-Profit Association Act," becoming the second state to grant legal status to DAOs after Wyoming.The act provides legal status and limited liability protection for DAOs, allowing them to have full corporate entity qualifications, own property, sue and be sued, and enter into contracts, while individual members and managers are exempt from personal liability. The eligibility requirements state that a DAO must have at least 100 members and be formed for a common non-profit purpose (such as governing a blockchain network or smart contract system). The policy director of a16z Crypto stated that decentralized governance is at the core of the future of crypto, and this act provides certainty for decentralized communities to build, govern, and scale in the real world. A similar bill in West Virginia has passed the House and is awaiting the governor's signature.

According to Jinshi reports, U.S. Treasury Secretary Yellen stated that the dollar has reestablished its safe-haven status, and the dollar is currently appreciating, with capital continuously flowing in.

Matthew Sigel, Head of Digital Asset Research at VanEck, stated on social media that the average price of Bitcoin dropped by 19% on the 30th, but the spot price has stabilized. Market volatility has significantly decreased, with realized volatility falling from 80% to 50%, and the futures funding rate dropping from 4.1% to 2.7%. On-chain activity has cooled down, with transaction volume decreasing by 31%, daily average fees reducing by 27%, and the distribution speed of long-term holders slowing down.On the miner side, they have largely maintained a "mine and sell" strategy, selling almost all newly issued Bitcoins. Defensive sentiment in the options market has peaked, with the ratio of put/call open interest averaging 0.77, reaching a new high since June 2021; the premium of put options relative to spot trading volume has reached a historical high of 4 basis points.

According to Caixin, NPC representative and former president of the Liaoning branch of the People's Bank of China, Fu Xiguo, submitted a proposal to accelerate the revision and introduction of the "People's Bank of China Law of the People's Republic of China." Currently, the digital renminbi lacks clear legal regulation, and the issuance, circulation, and risk prevention face a legal vacuum, resulting in the central bank lacking a legal basis when fulfilling its issuance management responsibilities, making it difficult to effectively ensure the circulation safety of the digital renminbi and protect the rights and interests of financial consumers. The revision of the "People's Bank Law" should clarify the legal status of the digital renminbi as legal tender and define the core responsibilities of the central bank as the issuer of the digital renminbi.The new "People's Bank Law" should also include behaviors such as counterfeiting and tampering with the digital renminbi within the scope of legal regulation, clarifying corresponding legal responsibilities and penalty standards to ensure the circulation safety of the digital renminbi.

According to Caixin, NPC representative Fu Xiguo submitted a proposal to expedite the revision and enactment of the "People's Bank of China Law of the People's Republic of China." Currently, the digital RMB lacks clear legal regulations, and the issuance, circulation, and risk prevention face a legal vacuum, resulting in the central bank lacking a legal basis in fulfilling its issuance management responsibilities, making it difficult to effectively ensure the circulation safety of digital RMB and protect the rights and interests of financial consumers. The revision of the "People's Bank Law" should clarify the legal status of digital RMB as legal tender and define the core responsibilities of the central bank as the issuer of digital RMB.The new "People's Bank Law" should also include acts such as counterfeiting and tampering with digital RMB within the scope of legal regulation, clarifying the corresponding legal responsibilities and penalties to ensure the circulation safety of digital RMB.

According to Jinshi, Deutsche Bank stated that the risks of artificial intelligence in the U.S. stock market are undermining the dollar's safe-haven status.