[Hong Kong Cyberport Launches Stablecoin Pilot Program with 9 Cases Under Validation] Hong Kong Cyberport has launched a pilot program for stablecoins and digital assets, selecting 9 cross-industry cases (covering finance, logistics, healthcare, etc.) from over 200 applications to enter the scenario validation phase. The validation includes aspects such as issuance, retail, and anti-money laundering, aiming to create replicable industry templates. Currently, Cyberport has gathered nearly 290 tech companies in the blockchain and related fields.

[Yala Protocol Suspected of Being Attacked, Stablecoin YU Depegged] According to market reports, the Yala Protocol is suspected to have suffered a hacker attack, and its stablecoin YU has experienced depegging.

[Whale Shorting PUMP Faces $35 Million Unrealized Loss, Total Unrealized Loss Reaches $44.1 Million] According to monitoring by EmberCN, an account named "btc@(tuta.com)" on Hyperliquid has shorted 8.56 billion PUMP tokens with 5x leverage, currently facing an unrealized loss of $35 million. The opening price was $0.00338, while the current price has doubled. Additionally, the account holds short positions in SOL and LINK, with total unrealized losses reaching $44.1 million. Analysts believe this address may be an arbitrage/hedging account.

OKX-BTC/USDT is currently trading at $11603.50, with a 5-minute increase of 0.01%. Please be aware of market fluctuations.

[U.S. Lawmakers Propose Including Russia Sanctions Bill in Government Funding Legislation] According to a report by Jinse Finance citing foreign media, two U.S. lawmakers advocating for strict sanctions against Russia stated on Saturday that they would urge their colleagues this week to bundle a stringent sanctions bill targeting Russia with must-pass legislation to ensure the federal government’s operations. Republican Senator Lindsey Graham and Representative Brian Fitzpatrick have been pushing for months for legislation that would impose sanctions on Russia if it refuses to negotiate a peace agreement with Ukraine. This includes secondary sanctions on countries purchasing Russian oil. However, due to former President Trump’s cautious stance on sanctioning Russia and his preference for imposing tariffs on goods from India, congressional leaders in both the Senate and the House have yet to bring the bill to a vote. The must-pass government funding legislation, known as the "Continuing Resolution" (CR), provides a pathway for the proposal to advance.