Crypto News & Market Updates

According to CoinWorld, ANZ Bank research analysts stated in a report that, supported by the global AI boom, the market outlook for copper demand has turned optimistic again, benefiting copper prices as a result. In early Asian trading, London Metal Exchange (LME) three-month copper rose 0.2% to $13,554 per ton. Nevertheless, overall, base metals have shown mixed movements, with concerns over Middle East developments and potential tariff measures dampening market sentiment, especially the signs that the difficult peace talks between the US and Iran may not end anytime soon. ANZ also pointed out that increased US copper imports have sparked market concerns about tightening global supply.

BlockBeats reports that on May 28, "new stock god" Serenity posted on social media, saying, "Seeing so much support from Chinese communities on X is truly delightful." This reflects a very interesting cultural difference: people try to understand my thought process and stock selection logic, and use that to improve their investment systems. In contrast, people from other cultural backgrounds might immediately reject it outright. Maybe I'll start writing my views on two Chinese stocks just for fun, even if I don't hold any positions."

According to Bijie.com, institutions expect that with the growing demand for artificial intelligence and high-performance computing (HPC), initial production of glass substrates may begin around 2028. According to the latest forecast from the International Semiconductor Industry Association (SEMI), glass substrates are expected to enter early production around 2028 for specific high-performance applications, after which they will expand into broader and more complex semiconductor packaging structures. It is expected that the glass substrate market will have a compound annual growth rate (CAGR) of 67.2% between 2028 and 2040.

According to Bijie.com, Google and semiconductor manufacturer Synaptics have jointly launched a limited edition Coral development board, marking Google's shift in edge AI hardware strategy from "selling hardware ourselves" to "free, open-source chip design blueprints." The new development board is equipped with the Synaptics Astra SL2610 chip, which integrates Google's open-source NPU, offering 1 TOPS of computing power and enabling smooth local operation of Google's latest Gemma 3 270M lightweight large language model. Developers do not need to connect to the cloud and can enjoy a private local generative AI experience. This development board is equipped with CSI/DSI video interfaces, USB and microphone inputs, and supports wireless connectivity, reducing access costs for smart homes and wearable devices. The system is adapted to the Torq open-source toolchain, based on MLIR and IREE compiler architectures, supporting unified compilation and efficient quantitative deployment of models trained on PyTorch, JAX, and TensorFlow frameworks.

According to Binance, the OpenAI Foundation announced an initial commitment of $250 million to officially launch the "Future of the AI Economy" initiative, jointly led by Divya Sidas and Wojciech Zaremba. The project focuses on how to provide a baseline for groups affected by AI's rapid employment impact, and to ensure that the dividends created by technology benefit the public. The foundation warns that artificial intelligence is lowering the threshold for key competencies, leaving humanity with a very narrow window to restructure distribution mechanisms. Delays in response will cause deep upheaval. The specific implementation path is divided into three major areas: rebuilding accounting infrastructure, advancing social security exploration during the transition period, and funding AI for multi-agent economic simulations. The initial funding will be disbursed in phases through grants and academic partnerships, with the initial initiatives expected to be officially announced later this year.

According to ChainCatcher and CriptoNoticias, the Argentine government, through the Ministry of Health, has submitted a bill to Congress to prevent gambling addiction and regulate online gambling, explicitly bringing virtual asset service providers under regulatory scope for the first time. The bill stipulates that banks, fintech companies, cryptocurrency exchanges, and wallet providers are prohibited from offering services or facilitating transactions to gambling platforms operating without a license within Argentina. The bill also proposes amending the criminal code to impose 2 to 4 years in prison for individuals or companies providing financial, technological, or digital asset services to these illegal platforms. Exchanges and crypto asset providers will need to implement stricter due diligence, trade monitoring, and KYC policies. The Central Bank of Argentina, the National Securities Commission, the National Communications Commission, and NIC Argentina will strengthen inter-institutional coordination to effectively block technology access and capital flows.

According to Bijie.com, according to on-chain analyst Yu Jin's monitoring, Trend Research, a secondary investment arm under JackYi, transferred 2.705 million UNI (about $8.71 million) and 114,000 COMP (about $2.13 million) into Binance one hour ago, seemingly completing a full liquidation. During the July rebound last year, the institution bought 5.41 million UNI at an average cost of about $9.5, and bought 228,700 COMP at an average cost of about $49.3. In May this year, it sold UNI at an average price of about $3.3 and COMP at about $19.4, expecting a loss of about $40.29 million.

BlockBeats reported that on May 28, according to Ember monitoring, one hour ago, Ebly's secondary investment arm Trend Research transferred an additional 2.705 million UNI (about $8.71 million) and 114,000 COMP (about $2.13 million) into Binance, possibly preparing to sell all of them, resulting in a loss of $40.29 million if sold.

Odaily Planet Daily reports that the U.S. Commodity Futures Trading Commission (CFTC) announced that it has jointly applied with Gemini for a discharge from judgment regarding the 2022 lawsuit against Gemini Trust Company LLC. Reportedly, the case was filed in June 2022, and both parties reached a settlement agreement in January 2025. After a thorough review, the CFTC determined that the case should not have been brought and, under current enforcement standards, would not have been filed. The review report identified six main issues, including: the prosecution was primarily based on a whistleblower's statement known to lack credibility; The investigation did not focus on the suspected fraudsters but instead traced Gemini as the victim; There are doubts about the strength of the evidence against Gemini; Key evidence was not provided during the committee vote; Litigation lawyers have used review privilege to prevent Gemini from accessing defense materials; and that related individuals are allegedly using regulatory authority to pressure Gemini to settle.