加密城市 Crypto City

Google has applied to release 32 million mosquitoes in California and Florida.
Recently, tech giant Google’s mosquito release experiment has sparked heated discussions among American netizens. According to a report from the UK (The Guardian), Google has submitted a request to the U.S. government to release 32 million specially treated male mosquitoes in California and Florida over the next two years.
This initiative called Debug focuses on applying technology and data science to global public health. Google aims to reduce the population of deadly mosquitoes in the wild through biotechnological methods that use good bugs to tackle bad bugs.
The U.S. Environmental Protection Agency (EPA) is currently reviewing this experimental use permit, with the public comment period set to close on June 5, 2026. The official decision will be made after the assessment.

The Legislative Yuan will start deliberating the virtual asset service law draft next week.
Next week, the Legislative Yuan will review the draft of the virtual asset service law that has 12 versions, which has raised concerns in the Taiwan crypto community. The discussions will focus on whether to regulate derivative financial products, prevent fraud, and combat money laundering. KMT Chairperson Li Yen-hsiu stated that the goal is to push for a third reading within this legislative session.
On another note, to respond to the expanding virtual asset market, the Financial Supervisory Commission plans to release practical guidelines for banks to custody cryptocurrencies this year, which will serve as key principles and risk management standards for domestic banks handling virtual asset custody.

Benefiting from the booming global AI industry, the stock markets of semiconductor powerhouses Taiwan and South Korea have shown strong momentum this year. The combined market capitalization of the Korean and Taiwanese stock markets has officially surpassed that of India, ranking them fifth and sixth globally. This shift highlights that global capital is highly concentrated in markets with AI infrastructure and hardware supply chain advantages.
In particular, South Korean regulators officially released single-stock leveraged ETFs at the end of May, further boosting the performance of major blue-chip stocks like Samsung Electronics and SK Hynix. Financial expert Yu Ting-Hao urges everyone to quickly stack up on Taiwanese stocks to keep pace with the Koreans.

While the market is still fixated on ETF fund flows and short-term price fluctuations, a revolution quietly reshaping the global financial system is underway. Fundstrat's research head, Tom Lee, chairman of Bitmine (NASDAQ: BMNR), states that Ethereum is undergoing an infrastructure transformation, and this momentum will ultimately drive ETH to $250,000.
Known as the 'Wall Street Oracle,' Tom Lee recently made bold predictions at the 'Proof of Talk' summit in Paris, forecasting that Ethereum's price could skyrocket to $250,000. Although he didn't provide a specific timeline, he believes that the structural changes brought about by AI and asset tokenization will be the core drivers pushing ETH into a new valuation phase.

MoneyGram launches stablecoin MGUSD.
Global cross-border remittance company MoneyGram announced last night (6/2) the official launch of the dollar stablecoin MGUSD, initially deployed on the Stellar blockchain.
MGUSD directly integrated into MoneyGram's mobile app, allowing over 60 million active users to hold digital dollar balances via a self-custody wallet. This service is currently launched first in the US market, with plans to expand globally in the future.
After five years of strategic positioning, MoneyGram responds to market demand.
Why launch a proprietary stablecoin now? MoneyGram explains that this decision stems from over five years of experience in real-world applications of stablecoins.

SpaceX's IPO valuation could soar to $1.75 trillion.
Elon Musk's company SpaceX is gearing up for its initial public offering (IPO). Latest buzz indicates the SpaceX IPO price is set at $135, aiming to raise $75 billion and looking to skyrocket its valuation to $1.75 trillion. If all goes smoothly, it's expected to become the largest IPO in history.
Reuters: SpaceX IPO price is set at $135 per share.
(Reuters) citing sources familiar with the matter states that SpaceX plans to set the IPO pricing at $135 per share, with an expected issuance of 555.6 million shares, targeting to raise $75 billion in funds.

Taiwan's stock market opened breaking through 46k, while Bitcoin dropped below 67k.
Recently, the financial markets have become polarized under the influence of the AI craze. Encouraged by new highs in U.S. stocks, the Taiwan Weighted Index broke through the 46,000 mark this morning (6/3) led by TSMC; however, the cryptocurrency market is facing capital outflows, with Bitcoin ($BTC) falling below $67,000, reflecting that investors are still funneling their funds into AI stocks.

TSMC is leading the charge, pushing the Taiwan stock market to soar, with analysts suggesting a bullish technical outlook.
According to reports from (Economic Daily), U.S. stocks are being driven by strong employment data and the AI hype, with the Dow Jones, S&P 500, and Nasdaq indices hitting new closing highs for five consecutive trading days, and the S&P 500 even surpassing 7,600 points for the first time. Chip stocks are performing robustly, with the Philadelphia Semiconductor Index soaring nearly 6%, and TSMC ADR rising by 2.54%.

The Attorney General of Florida officially filed a civil lawsuit against OpenAI and its CEO Sam Altman on Monday, accusing the company of releasing unsafe products knowingly, aiming to win the AI race and pursue business interests, causing serious harm to the public and minors. This marks the first legal action initiated at the state level in the U.S. concerning AI system safety and design.
Florida sets the first precedent in the U.S.! Accuses OpenAI of ignoring safety and misleading the public.
According to NBC reports, in this lengthy 83-page complaint, Florida accuses OpenAI of deliberately ignoring safety warnings from both internal and external experts to boost market value and pursue wealth, while misleading parents in their marketing to create the impression that the application is safe.

On May 27, OpenAI announced the launch of the Secure MCP Tunnel, allowing ChatGPT, Codex, and the Responses API to connect to private MCP servers within the corporate intranet without exposing these servers to the public internet. According to OpenAI's developer documentation, the entire design employs a 'one-way outbound' reverse connection architecture, meaning corporate firewalls do not need to open any inbound ports.
Reverse connection: tunnel-client connects from corporate intranet to OpenAI
The core of the Secure MCP Tunnel is a client program called tunnel-client, deployed on an intranet host that can access the private MCP server. It actively connects to the OpenAI control plane (api.openai.com:443 or mtls.api.openai.com:443) via HTTPS using long polling to fetch queued MCP requests from OpenAI, then forwards the requests as JSON-RPC to the MCP server within the intranet, with responses sent back along the same connection.

Obama got hit too! Hackers snagged accounts using the Meta AI loophole.
Meta has recently done some major layoffs and is all in on AI, but now they've hit a serious info security snag. Hackers exploited a vulnerability in the Meta AI customer service bot and managed to take over several high-profile Instagram accounts.
Affected accounts include the White House account from Obama's administration, the well-known beauty brand Sephora, and the official account of the Chief Master Sergeant of the U.S. Space Force.
Meta officially confirmed that a security breach did indeed occur, stating that the vulnerability has been patched, and they are currently helping affected accounts beef up their security. The total number of compromised accounts is still unclear.

LDP submits five major blockchain policy suggestions
Japan is making a big move into blockchain tech! The ruling Liberal Democratic Party's blockchain promotion committee submitted policy suggestions to the government yesterday, stating that Japan must push for the application of yen stablecoins for settlement in Asia, establish a legal framework for trading crypto ETFs, and emphasized: "We need to treat on-chain finance as a national strategy." The proposal has been submitted to the Minister of Finance, Katsuyuki Kitagawa, who oversees the Financial Services Agency (FSA).
Policy suggestions focus on five major areas
The policy suggestions from the LDP's blockchain promotion committee focus on five key areas:

The Taipei International Computer Show (COMPUTEX 2026) officially opened today. Marvell Technology's CEO, Matt Murphy, highlighted in his keynote that the future expansion of artificial intelligence will hinge on connectivity technology.
The keynote was supported by NVIDIA's CEO Jensen Huang and ASE's COO Wu Tianyu, with Huang expressing optimism about Marvell's market cap growth potential. Following this news, Marvell surged 7.04% before the deadline, hitting an all-time high.
Related news: A quick guide on COMPUTEX 2026 concept stocks) Jensen Huang's RTX Spark, liquid cooling, and the physical AI supply chain all in one go.

A chunk of Ethereum worth about $2 million that was frozen for 9 years due to a programming glitch has finally resurfaced. A white hat hacker and security researcher, going by the name Florent, recently exploited a smart contract vulnerability to discover a 'backdoor' and successfully unlocked 1,003 Ethereum (current value around $2 million) that was trapped in 'HongCoin.'
This asset belongs to an early crypto project known as 'HongCoin' (also called The HONG). The project launched a crowdfunding campaign in 2016, initially positioned as a community-governed investment fund. However, the fundraising fell short of its target, and the smart contract was supposed to automatically refund backers, but due to a major code logic error, a large sum of funds got locked on the Ethereum blockchain.

Crypto City Note: Bitcoin earlier today (6/2) dipped below $70k, hitting a low of $69,643, but has since bounced back above $70,000.
With escalating geopolitical tensions in the Middle East and news of Strategy unloading Bitcoin causing market jitters, the crypto market today (2) faced a sell-off, with Bitcoin briefly retreating to the $70,000 psychological level.
According to CoinGecko quotes, Bitcoin has dropped 3.6% in the last 24 hours and is currently back at $70,749; Ethereum is down 0.1% to $1,995; other major cryptos are also under pressure, with BNB down 1.8%, Ripple (XRP) down 3%, and Solana (SOL) down 1.8%.

The pioneer of Bitcoin reserve strategies, MicroStrategy, announced yesterday that it sold 32 BTC for about $2.5 million, primarily to cover the hefty dividends on preferred shares. This marks the company's first time managing cash flow through Bitcoin sales (Crypto City Note: the company first sold Bitcoin in December 2022), shifting away from its long-held strategy of holding only.
Currently, MicroStrategy's preferred stock nominal value has reached $15.5 billion, and it faces over $100 million in monthly dividend pressure. With the large debt restructuring in May, its cash reserves have dropped to $900 million, and if not replenished, they will be completely depleted by the end of the year.

Financial services can cross borders, but regulatory responsibilities don’t just vanish across borders. When Taiwanese money, trades, stocks, stablecoins, and on-chain assets are all handled through offshore apps, how much real regulatory power does Taiwan have left?
Binance has officially launched its U.S. stock and ETF trading services. On the surface, it looks like a crypto exchange stepping into traditional finance; however, from Taiwan's perspective, this seems more like a stress test on the boundaries of financial regulation.
According to Binance's official announcement, users can now trade over 7,000 U.S. listed stocks and ETFs within the same Binance account, starting with a minimum investment of $5. It supports fractional shares trading, 24/5 trading, and allows stock purchases using assets including stablecoins and BNB.

Anthropic is applying for an IPO, getting ahead of rival OpenAI.
The much-anticipated Claude devs, Anthropic, have finally kicked off their initial public offering (IPO) process! Anthropic has revealed that they've submitted a draft registration statement, S-1 form, to the SEC under wraps, which means once the SEC gives it a green light, Anthropic can choose to list.
Anthropic is expected to go live this fall, aiming to beat their biggest competitor, OpenAI, to the punch. However, the exact number of shares and pricing are still up in the air, with the final decision hinging on market conditions and other relevant factors.

Sold 32 BTC, MicroStrategy stock price and Bitcoin price are down.
Renowned Bitcoin reserve company MicroStrategy (MSTR) disclosed in its latest filing to the SEC that it sold 32 BTC last week for a total cash-out of about $2.5 million, with proceeds going towards paying dividends on its STRC perpetual preferred stock.
After selling a small amount of BTC, MicroStrategy still holds 843,706 BTC, with an average purchase cost of $75,699.
Source: Strategy 8-K filing MicroStrategy sold 32 BTC.
Even though the amount sold by MicroStrategy is a tiny fraction of their total holdings, the news still shook investor confidence. MicroStrategy's stock price fell about 4% to 6% after the announcement, ultimately closing down 5.85% at $149.78; Bitcoin also took a hit, dropping around 2% to 4.7%, briefly dipping below $71,500.

US President Trump is once again stepping up for the crypto industry, vowing to personally lead the charge in pushing legislation to create a 'future-proof' regulatory framework for digital assets, ensuring that US crypto policy won't be easily overturned with party changes.
Trump posted on his social platform Truth Social on Wednesday, directly calling out former SEC chairman Gary Gensler and his 'anti-crypto squad', criticizing their tough regulations over the past few years that have driven Bitcoin, crypto perpetual contracts, and innovation offshore. He wrote:

The U.S. has stepped up its financial sanctions against Iran, targeting their digital cash flows with precision. The latest news indicates that the U.S. government has successfully seized approximately $1 billion in cryptocurrency from Iran, nearly double what was previously estimated.
U.S. Treasury Secretary Scott Bessent pointed out at the '2026 Reagan National Economic Forum' last week that the U.S. assesses Iran is raking in about $400 to $500 million each month through sanctions evasion tactics. He stated: "This money is all being stolen from the Iranian people."