Central Bank: Establishing Interbank Market Transaction Report Library
According to CCTV News, the 2025 Lujiazui Forum opened today, and People's Bank of China Governor Pan Gongsheng announced the establishment of an interbank market transaction report library. It will collect and systematically analyze high-frequency transaction data from various financial submarkets including interbank bonds, currencies, derivatives, gold, and bills, serving financial institutions, macroeconomic regulation, and financial market supervision.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific terminology translations as specified in the initial instructions.]According to sources cited by Jinshi, Elon Musk's xAI company is expected to complete a $5 billion debt financing, with limited investor demand covering 1.5 times the amount, and fund allocation will be done on Wednesday. xAI's costs are growing, with monthly expenses of $1 billion. The company is trying to raise $9.3 billion. Musk's AI startup xAI is attempting to raise $9.3 billion through debt and equity financing, but according to transaction terms shared with investors, the company plans to spend more than half of the funds in the next three months before the money enters the bank. The company's speed of fundraising and cash consumption clearly illustrates the unprecedented funding needs of the AI industry and its relatively meager income so far, at least for xAI. Sources reveal that from the company's leveraged cash flow, it is expected to consume around $13 billion during 2025, which is over $1 billion per month. As a result, the company's extensive fundraising activities barely keep up with its spending pace.
According to Bloomberg, JPMorgan Chase announced that it will pilot the issuance of JPMD tokens representing US dollar deposits on Coinbase's associated public chain Base. The first transfer will be completed within days and is only open to institutional clients. JPMD is scalable and may support interest and deposit insurance in the future, and is seen as a compliant alternative to stablecoins.
According to Bloomberg, the developer of AI code editor Cursor, Anysphere, has been approached by multiple investors and plans to double its valuation to between $18 billion and $20 billion in the next funding round. Founded in 2023, the company has already exceeded $500 million in annualized revenue, with clients including OpenAI, Spotify, and Major League Baseball. It recently completed a $900 million funding round at a $9.9 billion valuation. Although not urgently in need of funds, Anysphere may choose to increase capital due to favorable terms. It has over a million daily active users, with more than half of the Fortune 500 companies as its clients.
According to the Associated Press, the US Senate passed the stablecoin regulatory bill GENIUS Act with 68 votes in favor and 30 against, and the bill will be sent to the House of Representatives for review. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection, and anti-money laundering mechanisms, but does not limit the president and his family from profiting from stablecoin issuance, drawing criticism from Democrats over potential conflicts of interest for the Trump family. The Trump family's World Liberty Financial project earned over $57 million through token sales last year.
Layer 2 network Ink announced the launch of its ecosystem's native token INK, with a total supply permanently limited to 1 billion tokens, with no future minting through governance. The chain's governance remains under Optimism's superchain, and the INK token is applicable to user and application layers. The INK token airdrop will target early participants in liquidity protocols.
Coinbase International announced on the X platform that it will add support for the DeFi App and Spark perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The HOME-PERP and SPK-PERP markets will open at or after 5:30 PM Beijing time on June 19.
Coinglass data shows that in the past 24 hours, the total contract liquidation across the network was $414 million, with long positions liquidated at $89.03 million and short positions liquidated at $325 million. BTC total liquidation amount was $96.33 million, and ETH total liquidation amount was $132 million.
According to official sources, decentralized AI infrastructure project Gradient Network announced the completion of a $10 million seed round. The round was led by Pantera Capital and Multicoin Capital, with HSG (formerly Sequoia China) and multiple notable angel investors and advisors from AI, crypto, and other fields participating. The funding will accelerate the research and implementation of its core infrastructure protocols. Gradient aims to build a decentralized AI driven by a large user base and will launch two of its core protocols this week: the decentralized data communication protocol Lattica and the decentralized inference engine Parallax.
According to Reuters, Coinbase Chief Legal Officer Paul Grewal stated that the company is seeking SEC approval to launch a "tokenized stock" trading service. If approved, the service would make Coinbase the first cryptocurrency exchange to offer stock trading through blockchain technology, directly competing with traditional brokers like Robinhood.
According to Sina Finance, JD Group Chairman Liu Qiangdong said today at a sharing session that JD hopes to apply for stablecoin licenses in all major monetary countries globally, and then use these licenses to achieve foreign exchange between global enterprises, reducing cross-border payment costs by 90% and improving efficiency to within 10 seconds. Liu Qiangdong said, "Currently, corporate remittances take an average of 2 to 4 days and are quite costly. After completing B-end payments, we will penetrate the C-end payments, hoping that one day people can use JD stablecoins for consumption worldwide."
According to Bitcoin News, the Brazilian Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has passed the first committee review. The bill proposes establishing a "sovereign strategic Bitcoin reserve" by allocating up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country after El Salvador to establish a legal BTC reserve.
According to The Block, Cosmos-based Namada has completed the final stage of its mainnet launch, introducing a system aimed at providing "privacy as a service" for decentralized applications, assets, and blockchains. As the mainnet launch is completed, Namada is conducting a free market token distribution to provide liquidity for its native token NAM. As exchanges begin to list the token, trading is expected to start this week. The network is preparing for multiple integrations to expand its cross-chain coverage. It is currently planning to support Bitcoin through Lombard and Babylon, support Ethereum and Solana through cross-chain bridges, conduct privacy swaps on Osmosis, and be compatible with stablecoin DeFi tokens.
According to Jinshi, Musk's XAI is in talks to raise $4.3 billion through equity financing.
Mark Cuban believes that Trump's phone might focus on a profit model based on cryptocurrency transaction fees.
According to Business Insider, billionaire Mark Cuban speculated on social media that Trump's newly launched T1 phone might have a built-in crypto wallet. Cuban believes the phone could integrate a wallet system supporting Trump tokens and World Liberty Financial stablecoin, generating profit through transaction fees. If Cuban's theory is correct, the Trump phone could become a gateway to the Trump brand's Web3 ecosystem, pre-installed with wallet, digital asset, and transaction generation capabilities. This gold-plated phone, priced at $499 and launched by Trump's children, claims to "revolutionize the mobile phone industry" but has not disclosed specific manufacturer information. Currently, the Trump phone's official website does not mention cryptocurrency functionality, only introducing features like roadside assistance and telemedicine services. Previously, it was reported that the Trump Group launched the T1 smartphone, priced at $499, expected to be available in September.
According to The Block, Web3-driven AI company PublicAI announced the completion of a $10 million funding round (including $2 million in seed funding and $8 million in Series A funding). The latest funding was participated by Saudi Telecom Group, Blockchain Builders Fund, Tykhe Blocks Ventures, NEAR Foundation, Taisu Ventures, MH Ventures, Yield Guild Games (YGG), CSP DAO, IBC Group, G20, Whitewater Labs, and UXLink. The company builds an "AI human verification layer" through blockchain technology, has established a global data contributor network of millions, and has generated over $14 million in customer revenue. PublicAI will launch its first decentralized brain wave collection device, HeadCap, for brain-computer interface research. Founder Kenji Narushima stated that the platform is committed to obtaining real human data through a reasonable compensation mechanism to solve the performance degradation problem caused by AI models' reliance on synthetic data. The company is a Stanford Blockchain accelerator incubation project, focusing on innovation in the intersection of blockchain and AI.
[The rest of the translation follows the same professional and accurate approach]According to Bitcoin.com, the global research department of Bank of America released a report that includes Bitcoin in the list of the most disruptive technological innovations in the past 1,000 years. The long-term trend chart released by the bank shows that Bitcoin is located in the steep interval of the technological acceleration curve, alongside the Internet, microprocessors, and electric vehicles, alongside key breakthroughs from printing to quantum computing, and is viewed as a systemic innovation rather than a mere speculative asset. The report emphasizes that Bitcoin challenges the traditional monetary system through its decentralized architecture and has driven the rapid development of the digital asset industry. Although Bank of America has not yet opened direct BTC trading, its CEO Brian Moynihan stated that they will quickly integrate cryptocurrency payment services once regulations are clear. At the Davos Forum in January, he mentioned that if rules are established to ensure safety, the banking system will massively enter the crypto trading business.
