Bitcoin's correlation with US stocks weakens, S&P 500 innovative high-tech stocks rise 16% this year
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Bitcoin has broken its usual correlation with US stocks, with the S&P 500 index hitting a historic high and technology stocks rising 16% this year, while Bitcoin has lagged behind. （Cointelegraph）
Bank of America is rebuilding its core financial infrastructure, focusing on tokenized deposit, custody, and settlement systems, and advancing related work under strict regulatory supervision. （Cointelegraph）
For the first time in US history, the appointment of the chairman of the Commodity Futures Trading Commission (CFTC), which supports Bitcoin, marks a new move by regulatory authorities. （The Bitcoin Historian）
Billionaires Peter Thiel and Palmer Luckey have raised $350 million for their new Bitcoin and cryptocurrency bank Erebor, which is about to launch. （The Bitcoin Historian）
[U.S. stock market's three major indexes rise, Trump Media & Technology Group drops over 10%]
U.S. stocks closed on Monday, with the Dow Jones up 0.47%, the S&P 500 index up 0.6%, and the Nasdaq up 0.5%. Oracle rose 3%, Nvidia and Tesla rose over 1%, while Trump Media & Technology Group dropped over 10%. The Nasdaq Golden Dragon China Index rose 0.58%, iQIYI rose nearly 3%, and Bilibili rose 1.5%.