Xiao Rui, the son of a former official of the Wuhan Supervisory Commission, was found guilty of laundering over HKD 64 million

Japan launches a dual layer stablecoin system, with SBI VC Trade launching RLUSD for retail settlement and SBI Holdings' JPYSC for corporate yen settlement. （CoinDesk）

According to Al Jazeera, US Secretary of State Rubio stated that the world will oppose any mechanism that charges fees to international waterways, and the President has explicitly opposed this action, with Gulf countries supporting this position.

Charles Schwab, which manages $12 trillion in assets, has officially launched a Bitcoin trading service, with 35 million customers now having direct access to BTC. （The Bitcoin Historian）

Cathie Wood, founder of Ark Invest, stated that inflation in the United States will significantly decline, with a year-on-year decrease to 0.5% measured by unit labor costs. In the first quarter of the United States, productivity increased by about 3% year-on-year, hourly wages increased by 3.5% year-on-year, and potential inflation was 0.5%. The Truflation metric has decreased from 11% year-on-year in 2022 to 1.8%, with the core Truflation dropping to 1.4%. Based on five studies commissioned by Federal Reserve Chairman Kevin Walsh, Cathie Wood believes that Federal Reserve Chairman Kevin Walsh understands the role of productivity in the decline of inflation and the shortcomings of government inflation statistical indicators. Federal Reserve Chairman Kevin Walsh will give a monetary policy master class to financial markets.

[BTC spot main traded 19 large orders with a total amount of $38.11 million!] Unusual short-term capital flow activity hints at growing market divergence; the situation ahead may not stay calm...