BitMEX co-founder Arthur Hayes said an AI agent economy will emerge despite an AI industry bubble. Hayes said Flop Labs could benefit from excessive computing capacity built through lending.
The Bank of Italy found that 200 USDC transfers across 10 corridors cost 0.3% to nearly 9% of the amount sent. Stablecoins were cheaper than Wise on three routes and more expensive on four routes. Fiat funding, currency conversion, and withdrawal created most of the cost.
Solana co-founder Anatoly Yakovenko proposed minting additional SOL to acquire a company and using its revenue to repurchase and burn SOL. The proposal does not define who would legally buy, own, or operate the company.
Hong Kong chip stocks declined, with GigaDevice down 6.8%. Tianshu Zhixin fell 11%, while Hua Hong Semiconductor and Smart-Core Holdings each dropped more than 7%.
BitBox Fixes Two Critical Firmware Flaws and a Bootloader Issue
BitBox released the Dixence security update after finding two critical firmware vulnerabilities and one bootloader issue. BitBox said exploitation would require phishing attacks and users unlocking tampered devices. No user funds were stolen, and seed phrases were not compromised.
A Coldcard theft investigation advanced as about $118 million in BTC from the first wave remained at an attacker address. Relevant leads were forwarded to law enforcement. Subsequent attack waves stole about 2,000 BTC in total.
Arthur Hayes said the AI bubble is concentrated in data center debt and unprofitable AI companies. Arthur Hayes said he remains fully confident in the Agentic Economy and Flop Labs.
AI-native accounting platform Rillet raised $100 million in a Series C round at a $1 billion valuation. ICONIQ led the round, which brought Rillet's total funding to more than $200 million.
Bitwise CIO Matt Hougan said tokenization could expand the crypto market to $500 trillion. Hougan said investors may be underestimating how tokenized stocks and bonds could increase demand for crypto apps.
The Bank of Italy found average on-chain transfer fees of 0.4%, but cash-out costs often removed stablecoin remittances' cost advantage. Across 10 corridors, stablecoins were cheaper than Wise on three routes and more expensive on four.
Unitree Technology listed on the STAR Market and rose more than 500% at the open, valuing Wang Xingxing’s holdings above 100 billion yuan. Unitree Technology’s market value exceeded 350 billion yuan.
Unitree Technology listed on the STAR Market and rose more than 500% during trading. Its market value exceeded 350 billion yuan, placing it among the STAR Market's 10 largest listed companies.
Liang Wenfeng's affiliated firms recorded paper profits exceeding 1.1 billion yuan from Unitree Technology's IPO subscription. Unitree Technology surged 629.44% at its STAR Market opening to 1,100 yuan per share.
Unitree Technology's contract on Trade.xyz briefly rose above $130 before reporting at $129.28. Unitree Technology-W shares traded at 899.97 RMB after opening gains narrowed to 496%.
Former New York Gov. Andrew Cuomo said Congress must pass the Clarity Act to connect cryptocurrency and traditional financial markets. Cuomo said the U.S. is already far behind on crypto regulation.
California Public Employees’ Retirement System holds 381,048 Strategy shares valued at about $35.5 million. The pension fund held 448,000 shares worth about $80 million last November.
BlackRock said Bitcoin fell more than 50% from its October 2025 all-time high without changing its long-term investment case. BlackRock attributed the decline mainly to deleveraging, weaker capital flows, and slower buying from digital asset treasuries.
Unitree Technology opened at 1,100 yuan, implying a 445 billion yuan market capitalization. On-chain analyst Ember said the profit per lot was 475,000 yuan.
A U.S. SEC committee passed the Crypto Asset Regulation proposal through separate commissioner votes outside a public meeting. VanEck said 8 of 12 capitulation indicators are flashing, suggesting Bitcoin's pullback may be nearing its end.