uld

According to Jinshi reports, Bridgewater founder Ray Dalio stated on April 27 local time that inflationary pressures continue to accumulate alongside slowing economic growth, and policymakers must remain cautious. He pointed out that the U.S. economy is undoubtedly in a stagflation period and warned that if Kevin Warsh, who is about to take over as Federal Reserve Chairman, chooses to cut interest rates, it will lead to a decision-making error.

Recently, during the Hong Kong Web3 Festival, at the "CypherAsia Smart Crypto Finance Forum" hosted by institutions such as Fosun Wealth Holdings, FinChain, and exSat, guests including ME Group President Vito Luo, FinChain CTO Lance Liu, SBVA Executive Director Wang Yinzhen, Solana Foundation Solutions Architect Mike Ma, Copilot Venture Studio Co-founder Yang Linyuan, and NeoSoul Co-founder Kaelan discussed the development trends of AI and crypto finance.During the forum, NeoSoul Co-founder Kaelan stated that the AI industry is still in the early stages of rapid evolution. When evaluating AI projects, it is important to look not only at the current products but also at whether the team can continuously keep up with the changes in the underlying model capabilities.Kaelan pointed out that AI entrepreneurship requires both groundedness and vision. Groundedness means that the team must have the ability to implement engineering, design products, and understand the market to create perceivable products; vision means that the team should build in line with the evolution of large models.He believes that some early AI products may seem like toys, but in emerging industries, the existence of toy-like forms should be allowed. Many truly new paradigms often first appear as experimental products.

According to KOL AB Kuai.Dong (@_FORAB), FTX founder SBF is imprisoned for misappropriating about $16 billion of user assets, but the potential value of his investment portfolio has sparked widespread discussion.If FTX had not gone through bankruptcy liquidation, the estimated returns on its holdings are as follows: Anthropic approximately $82.3 billion (about 165 times), SpaceX approximately $15 billion (about 75 times), Robinhood approximately $4.9 billion (about 8 times), Genesis Digital Assets approximately $3.5 billion (about 3 times), and the AI programming tool Cursor approximately $3 billion (about 15,000 times, with an original investment of only $200,000 for a 5% stake). The total potential value of the above assets exceeds $100 billion.

According to Jinshi reports, Federal Reserve Chair nominee Waller believes that the Federal Reserve should reduce its reliance on forward guidance and warns that excessive transparency may hinder policy flexibility. He pointed out that the Federal Reserve's response to soaring inflation during the pandemic was too slow, and reducing commitments would help achieve more flexible decision-making. He sees this as part of a broader reform agenda and expresses anticipation for implementing these necessary changes.

Amazon announced that it will invest up to $25 billion in Claude's parent company Anthropic, with $5 billion available immediately, and an additional $20 billion to be injected in batches depending on the achievement of business milestones.Previously, Amazon had invested a total of $8 billion in Anthropic, and after this round, the total investment will reach $33 billion. In exchange, Anthropic has committed to spending over $100 billion on Amazon Web Services (AWS) over the next ten years and plans to deploy about 1 gigawatt of computing power through Trainium2 and Trainium3 chips by the end of the year, with a long-term goal of 5 gigawatts. After the announcement, Amazon's stock price rose about 2.7% in after-hours trading.It is worth noting that earlier this year, Amazon announced an investment of up to $50 billion in OpenAI, indicating that it is simultaneously betting on multiple leading AI companies to solidify its leadership in cloud infrastructure.

ChainCatcher reported live that HashKey Capital CEO Deng Chao and Sharplink CEO Joseph Chalom jointly attended the 2026 Hong Kong Web3 Carnival roundtable discussion, exploring "From Finance to Strategy: How Public Companies Are Positioning Themselves Based on Digital Assets."Chalom, who worked at BlackRock for 20 years, began leading BlackRock's blockchain and digital assets team six years ago, during which he launched Bitcoin and Ethereum ETFs, raising about $100 billion at its peak. He stated that the choice to establish a digital asset treasury with Ethereum rather than Bitcoin is because Ethereum is a "native productive asset," which can earn nearly 3% returns through staking, while Bitcoin can only be held in anticipation of appreciation. Sharplink has been listed on Nasdaq and has raised billions of dollars to purchase Ethereum since launching its digital asset treasury strategy last June, currently holding approximately 770,000 ETH and earning about 17,000 ETH and over $35 million in rewards for investors through staking.Regarding industry trends, he pointed out that Ethereum is dominating three major use cases: stablecoins (over 60% occur on Ethereum), asset tokenization, and decentralized finance. He specifically warned that currently over 95% of stablecoins are denominated in US dollars, and if stablecoins are to become the payment rail for trillions of transactions in the AI economy, Asian regulators should not allow them to be dominated by the US dollar and US Treasury bonds, as this will trigger a geopolitical competition to advance local stablecoin legislation.Discussing market cycles, he noted that the crypto market has experienced significant pullbacks since last October, with short-term prices being unpredictable, but in the long term, the current risk-reward ratio is at its best level in a long time. He emphasized that digital asset treasuries are not passive investments; Ethereum is a high-volatility asset, and volatility is a characteristic of capital appreciation rather than a defect.

ChainCatcher reported live that Hong Kong Legislative Council member (Technology and Innovation sector) Kenneth K.Y. Lau shared a keynote speech titled "Steady and Progressive Development Keeps Hong Kong at Forefront of Web3 Expansion" at the 2026 Hong Kong Web3 Carnival.He reviewed the development of Web3 in Hong Kong since 2022, from the licensing system for virtual asset service providers, the pilot of tokenized products, to last year's Policy Declaration 2.0 and the SFC ASPIRe roadmap, believing that regulatory clarity is the primary condition for the industry's development.He specifically compared the regulatory paths of the United States and Hong Kong, pointing out that although the U.S. has introduced important documents such as the Clarity Act, Genius Act, and the joint statement from the SEC and CFTC, the political situation may lead to legislative delays or even reversals; in contrast, Hong Kong provides a stable, transparent, and continuous development environment in terms of product classification, legislation, and infrastructure.He also mentioned the potential threat of quantum computing to the cryptocurrency industry, believing that at least five more years are needed, but the industry should prepare in advance at the cryptographic level. Finally, he emphasized that Hong Kong needs more technology developers and should promote cross-jurisdictional connectivity to form a positive flywheel for product issuance, investor participation, and innovator entry.

ChainCatcher live report, Wanxiang Group Chairman and CEO Lu Weiding delivered the opening speech at the 2026 Hong Kong Web3 Carnival. He pointed out that four years ago, the SAR government released a virtual asset policy declaration, establishing Hong Kong's position as a global digital asset center, and in the future, it should contribute a "Hong Kong solution" in areas such as stablecoins and asset tokenization.He emphasized that we are currently at an irreversible starting point, where Web3 establishes trust and ownership of value, AI unleashes data-driven productivity, and the deep integration of both with embodied intelligence will jointly build the core driving force of the smart economy infrastructure, which will become the core explosive power of Hong Kong's Web3 ecosystem. He stated that the past three carnivals have become a global hub connecting the East and West, bridging the digital and the real, "not just observing trends, but shaping trends."

Keone Hon from Monad Lianchuang stated: "I feel that the lending protocol for the liquidity pool should set rate limits on the supply of assets deposited as collateral. For example, if the current supply is 100 million and the supply cap is 300 million, then in the next 10 minutes, the maximum allowed increase should be to 110 million, rather than allowing a one-time deposit of the full 200 million. In reality, no one needs to complete such a large deposit all at once.This is important because when certain exotic assets are attacked, the impact depends on the scale of the exit channels for that asset. Especially in many cases where attacks belong to infinite issuance vulnerabilities, the scale of the exit that can be made essentially determines the upper limit of the attack losses. Lending protocols are often the largest exit channels. If a smart cap is introduced, where the initial cap is slightly above the current supply and is gradually adjusted to the real cap over several hours, it would have a huge effect. With such a mechanism, rsETH depositors could have avoided about 200 million dollars in losses.This also raises a point: the asset issuers themselves should support such mechanisms. If you are issuing redeemable tokens with redemption delays, you are not worried about hackers redeeming directly from you, but you need to compress the scale of external exit paths as much as possible without affecting normal users. Therefore, a high supply cap should be seen as a risk rather than a symbol of strength. For example, the Hyperbridge DOT attack did not result in a 100 million dollar loss because there were very few exit paths; the Resolv attack loss was 24 million dollars instead of 200 million dollars because the scale of the exit path limited the loss cap. This is an obvious principle, but there are still immediately actionable measures: audit the supply caps of all assets and lower the caps when unnecessary."

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Gongye Feng, co-founder and CEO of Monera Digital, delivered a keynote speech titled "AI Empowered Private Banking for the Smart Economy."Feng pointed out that what disappeared after 2022 was not the demand for digital assets, but the market's confidence in the ways capital could enter. Monera Digital positions itself as an AI private bank for the smart economy, with the core not being to use AI as traders, but to act as an accelerator, compressing the research, testing, and iteration cycles from months to days.He emphasized that risk control must be institutionalized rather than personalized. Monera has built four lines of defense: source constraints on exposure and collateral, automated clearing and margin management, complete segregation of client assets, and eliminating maturity mismatches while maintaining liquidity buffers. Additionally, AI plays the role of a 24/7 digital CRO, achieving a leap from passive monitoring to proactive warning.In terms of service model, Monera does not operate as a pure technology platform, but insists on "anti-AI illusion," where AI is responsible for optimization and efficiency, while trust, responsibility, and continuity of relationships are still borne by humans. Feng believes that the prerequisite for crypto assets to truly become configurable assets is to translate complexity into clear, continuous, and trustworthy private banking services.

According to Hong Kong Radio, the Hong Kong government has decided to stop promoting basketball gambling projects. The Secretary for Home Affairs and Youth Affairs, Mak Mei-juan, stated in an interview with this station that the information collected by the authorities shows that the "prediction market" has developed rapidly in recent years, with monthly trading volume increasing from less than $100 million two years ago to over $13 billion last year, of which nearly 40% of the transactions are related to sports. The authorities are concerned that if new gambling projects are promoted at this time, it will lead to greater public concern and even participation in illegal gambling in the "prediction market." Therefore, it is believed that research should be conducted first before deciding on the next steps, and the promotion of new gambling projects should be halted for now.Mak Mei-juan stated that the existing regulated gambling projects have established a more mature monitoring and management system, which can help control risks. However, due to the uncertainty of the "prediction market," as a responsible government, there is a need to conduct research to understand the impact of the "prediction market" and its prevalence in Hong Kong. She also mentioned that the government has always maintained close contact with the Hong Kong Jockey Club, as the club has a rigorous monitoring system to oversee illegal gambling situations, and there are experts specifically targeting the fight against illegal gambling. The government will cooperate with the Jockey Club to obtain professional advice, allowing the authorities to implement measures specifically aimed at illegal gambling.Mak Mei-juan reiterated that the government's consistent policy is not to encourage gambling, and betting on sports projects in the "prediction market" is considered illegal gambling. The authorities will strengthen public education to help citizens understand the harms of gambling and refrain from participating in illegal gambling.

According to Jinshi reports, U.S. President Trump stated that we should lower interest rates.

According to Cointelegraph, Bitmine Chairman Tom Lee stated at the Paris Blockchain Week 2026 conference that the current decline in the crypto market resembles a "mini crypto winter," which may be nearing its end, and believes that risk assets have bottomed out amid "bad news" such as geopolitical conflicts.He pointed out that Ethereum is expected to emerge from a long-term consolidation and will benefit from the trend of tokenization and the development of on-chain AI (agentic AI) applications in the future. If his market assumptions hold, the price of ETH could reach $60,000, with a long-term fair value potentially reaching around $62,000 (based on its estimate that Ethereum will achieve about 1/4 of Bitcoin's market value).Lee emphasized that the U.S. stock market has already seen a bottom and is driving the recovery of risk assets, while this round of crypto correction is a rare "non-stock market synchronized bear cycle." He also mentioned that the market often forms a bottom after significant negative events such as wars. As of now, ETH has dropped about 43% from its peak in October 2025, and the market remains in a clearly volatile range.

According to Decrypt, U.S. Senator Warren recently expressed concerns about Musk's planned payment platform X Money, stating that it could pose risks to consumer protection, national security, and the stability of the financial system.Warren pointed out that after acquiring and reshaping X, Musk is pushing it to become a "super app" that covers "all aspects of users' financial lives," potentially even replacing the traditional banking system. She questioned the performance of the X platform in terms of security and content governance, believing that this undermines its credibility in entering the consumer finance sector.Additionally, Warren criticized the current regulatory environment for becoming more lenient, including the "GENIUS Act" promoted by the Trump administration, which provides a "special pathway" for private companies to issue stablecoins, potentially weakening necessary regulatory constraints.

According to Jinshi reports, the International Monetary Fund stated that if the Middle East war continues, asset prices may further decline significantly.

According to Jinshi, U.S. Treasury Secretary Yellen stated that the U.S. should "watch and wait" before lowering interest rates.

Solana co-founder toly commented on the controversy surrounding Circle's USDC freezing mechanism, stating that we need a base layer stablecoin that can only be frozen under a court order. If there are other factors that can freeze it besides authorization from a judge approved by the U.S. Senate, then it is not a true dollar stablecoin.toly suggested that various protocols (such as Drift and Kamino) should issue wrapped stablecoins with their own freezing and unfreezing strategies on top of the base layer stablecoin, equipped with a security team truly responsible for handling hacking incidents, while having independent freezing and unfreezing strategies.It is reported that after the recent hacking of the Drift protocol, Circle did not promptly freeze the stolen USDC. Circle CEO Jeremy Allaire's remarks about the "moral dilemma" and freezing policy have sparked widespread discussion in the community regarding the freezing mechanisms of centralized stablecoins.

According to a report by the Korea Herald, the nominee for the governor of the Bank of Korea, Shin Hyun-sung, stated in a written response during a personnel hearing at the National Assembly that central bank digital currency (CBDC) and commercial bank deposit tokens based on its issuance should become the core of the digital currency ecosystem. Shin Hyun-sung expressed basic support for the introduction of a Korean won stablecoin but emphasized that maintaining trust in the currency is the most important.Regarding the issuing entity of the Korean won stablecoin, he believes that South Korea is not a reserve currency country, and compliance capability is crucial. Therefore, he suggested prioritizing the issuance by a bank-centered alliance, allowing non-bank institutions to participate, and gradually expanding later. Shin Hyun-sung holds a cautious attitude towards the claim that stablecoins can enhance foreign exchange trading efficiency, believing that it is still unclear whether blockchain can comply with capital and foreign exchange regulations. He also stated that crypto assets, including stablecoins, have failed to meet the core functions of currency such as a measure of value, medium of exchange, and store of value, asserting that crypto assets cannot replace fiat currency.

U.S. Senator Cynthia Lummis stated that the United States should not continue to delay the legislative process of the CLARITY Act, or it may take nearly four years to push for improvements in the regulatory framework for the cryptocurrency industry again.She posted on social media platform X, saying, "This is our last chance to pass the CLARITY Act before at least 2030," and emphasized that "we cannot let the future of American finance be put at risk." The bill aims to provide a clearer regulatory structure for the cryptocurrency industry, clarifying the responsibilities of regulatory agencies to promote industry innovation and market development. With the U.S. midterm elections approaching, there are concerns that congressional priorities may shift, slowing down the legislative process.Former White House AI and cryptocurrency affairs head David Sacks also expressed support for advancing the bill as soon as possible, stating, "Now is the time for action," and anticipated that the relevant market structure legislation would ultimately be signed into law by the president. In the industry, several individuals, including Coinbase CEO Brian Armstrong, have recently called for an expedited legislative process, believing that clear rules will promote innovation and increase market participation. On the regulatory side, SEC Chairman Paul Atkins also expressed support for advancing comprehensive market structure legislation to avoid ongoing regulatory uncertainty affecting industry development.