AI-driven digital asset trading platform BitradeX has completed a £12 million (approximately $15.96 million) Series A financing round led by Bain Capital. The funds will be used to set up a global AI strategy laboratory and upgrade compliance infrastructure.

Symbiotic, a cryptocurrency staking protocol, has completed a $29 million Series A financing round, led by Pantera Capital and Coinbase Ventures, with participation from more than 100 institutions and angel investors including Aave, Polygon and StarkWare. The financing will be used to launch the "Universal Staking Framework", a blockchain security coordination layer. The framework allows any combination of cryptocurrencies (including L1/L2 chain assets) to participate in network verification. It has been adopted by 14 networks including Hyperlane, and is expected to connect to 20 ecological projects.

About 15 cryptocurrency and fintech companies are applying for banking charters from the U.S. Office of the Comptroller of the Currency (OCC), with some seeking easier access to federal master accounts.

Kain, founder of Synthetix, published a blog post titled "sUSD: Restarting the Anchoring Path", which elaborated on the path to readjust incentives, restore sUSD anchoring, and lay the foundation for Perps V4 on L1 and snaxChain. When SNX fell below $1 at the end of 2024, Synthetix launched the "debt forgiveness" plan to concentrate historical sUSD debts in the 420 Pool on the chain. Although it avoided the liquidation crisis, it destroyed the arbitrage anchoring mechanism of sUSD. In order to restore sUSD to $1, incentives need to be reintroduced: positive incentives are to pledge sUSD to the 420 Pool to receive SNX inflation rewards; negative incentives require pledgers to deposit a certain proportion of sUSD (initially 5-10% of outstanding debt). If the standard is not met, debt forgiveness will be suspended, and the proportion will be increased when the anchor deviates. At the same time, the pledge model is optimized, SNX pooled pledge is implemented, and a new 420 Pool is created to accept new collateral assets, expanding the supply of sUSD without liquidation risk, including USDC in the initial stage, and can be expanded to other DeFi tokens in the future.

PayPal announced that it will launch a stablecoin PYUSD holding reward program this summer. US users who hold PYUSD through PayPal and Venmo wallets can obtain an annualized return of 3.7% (accumulated daily and distributed monthly). The income is distributed in the form of PYUSD, which can be exchanged for legal currency, sent to other users, used for international transfers or used when shopping on PayPal Checkout. The head of PayPal's blockchain business said that this move is aimed at increasing the use of PYUSD in its payment network, and the company regards stablecoins as a core component of the "next generation of payment infrastructure."

DWF Labs announced a strategic partnership with Mask Network and invested $5 million in $MASK tokens to promote the development of the decentralized social layer and Web3 ecosystem.

Arthur Hayes, co-founder of BitMEX, said that Trump may push for tariffs again in the future, but Bitcoin will not be affected like technology stocks. Bitcoin will benefit from high debt levels and deflationary policies that are difficult to maintain. He believes that the Treasury's debt repurchase program provides liquidity to the market, allowing Bitcoin to find support in uncertainty. It is expected that Bitcoin may climb all the way to $200,000 after breaking through $110,000, which may trigger a trend from Bitcoin to other cryptocurrencies and start a new "altcoin season."

According to the latest data from 8marketcap, Bitcoin has surpassed Alphabet (Google) and risen to fifth place in global asset market value.