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On June 2, according to official news, the on-chain application 0xPPL will gradually cease operations. Trading on the platform will be disabled starting June 6, and the application will be completely shut down by June 30. 0xPPL reminds users to export their private keys or withdraw all funds from their wallets to other wallets before the application closes to ensure continued access to their assets.

[On-chain Application 0xPPL to Gradually Cease Operations]On June 2, according to official news, the on-chain application 0xPPL will gradually cease operations. Trading on the platform will be disabled starting June 6, and the application will be completely shut down by June 30. 0xPPL reminds users to export their private keys or withdraw all funds from their wallets to other wallets before the application closes to ensure continued access to their assets.

On-chain Application 0xPPL to Gradually Cease Operations

On June 2, SK Hynix Group Chairman Chey Tae-won announced plans to double the wafer production capacity for memory chips over the next five years, anticipating that the capacity bottleneck for memory chips may persist until 2030.

[SK Hynix to Double Memory Chip Wafer Production Capacity in Next Five Years]On June 2, SK Hynix Group Chairman Chey Tae-won announced plans to double the wafer production capacity for memory chips over the next five years, anticipating that the capacity bottleneck for memory chips may persist until 2030.

SK Hynix to Double Memory Chip Wafer Production Capacity in Next Five Years

On June 2, Tiger Brokers announced its unaudited financial data for the first quarter, reporting revenue of $155 million, a year-on-year increase of 26.3%. Operating profit was $47.55 million, up 17.5% year-on-year, with a stable operating profit margin of 34.8%. The net loss attributable to the company for the first quarter was approximately $26.9 million, with a non-GAAP net loss of about $23.8 million, compared to net profits of $30.4 million and $36 million in the same period last year. This decline was primarily due to the inclusion of approximately $41.1 million in regulatory fines. Given the company's overall profitability and cash flow situation, this one-time expense is not expected to have a significant adverse impact on the company's business operations or long-term development. In the first quarter, Tiger Brokers added 29,000 new depositing clients, driving a year-on-year increase of 11.3% in total depositing clients to 1.283 million. The company's business activity continued to improve, with total transaction volume increasing by 49% year-on-year to $323.9 billion; net deposits maintained strong growth, reaching $2.9 billion, which propelled total client assets to grow by 28.4% year-on-year to $58.9 billion.

[Tiger Brokers Q1 Revenue Up 26.3% Year-on-Year, Reports Net Loss of Approximately $26.9 Million]On June 2, Tiger Brokers announced its unaudited financial data for the first quarter, reporting revenue of $155 million, a year-on-year increase of 26.3%. Operating profit was $47.55 million, up 17.5% year-on-year, with a stable operating profit margin of 34.8%. The net loss attributable to the company for the first quarter was approximately $26.9 million, with a non-GAAP net loss of about $23.8 million, compared to net profits of $30.4 million and $36 million in the same period last year. This decline was primarily due to the inclusion of approximately $41.1 million in regulatory fines. Given the company's overall profitability and cash flow situation, this one-time expense is not expected to have a significant adverse impact on the company's business operations or long-term development. In the first quarter, Tiger Brokers added 29,000 new depositing clients, driving a year-on-year increase of 11.3% in total depositing clients to 1.283 million. The company's business activity continued to improve, with total transaction volume increasing by 49% year-on-year to $323.9 billion; net deposits maintained strong growth, reaching $2.9 billion, which propelled total client assets to grow by 28.4% year-on-year to $58.9 billion.

Tiger Brokers Q1 Revenue Up 26.3% Year-on-Year, Reports Net Loss of Approximately $26.9 Million

According to monitoring by Dongcha Beating, Ethan He, the former head of world models at xAI, revealed the reasons for his departure on the Latent Space podcast. He stated that the frequent adjustments in commercial priorities and business goals at startup large model companies made it difficult for long-term cutting-edge research to align with short-term commercial delivery. To escape the cycle of merely competing on compute power in video generation, he decided to focus on foundational explorations of language models (LM) that are currently not feasible at xAI. Ethan admitted that the operational costs of the Colossus GPU cluster are exceptionally high, with astonishing financial pressure arising from idle compute power every hour. This massive infrastructure cost creates significant compute anxiety and psychological burden for researchers. Under the intense work pace, the team must maintain a 'marathon mindset for health' to sustain long-term operations. The video team completed the launch of the Grok Imagine 0.9 audio-video model in just three months, primarily achieving this transformation through flat management and data flow error correction. During the development process, Musk was highly hands-on in technical decision-making. Ethan mentioned that he felt fortunate to participate in a closed-door technical seminar convened by Musk, where in-depth discussions on product and research details took place.

[Former xAI World Model Head Reveals Insider Details on Musk's Development: Colossus Cluster Consumes Massive Compute Power Hourly, High-Pressure Environment Forces 'Marathon' Approach]According to monitoring by Dongcha Beating, Ethan He, the former head of world models at xAI, revealed the reasons for his departure on the Latent Space podcast. He stated that the frequent adjustments in commercial priorities and business goals at startup large model companies made it difficult for long-term cutting-edge research to align with short-term commercial delivery. To escape the cycle of merely competing on compute power in video generation, he decided to focus on foundational explorations of language models (LM) that are currently not feasible at xAI. Ethan admitted that the operational costs of the Colossus GPU cluster are exceptionally high, with astonishing financial pressure arising from idle compute power every hour. This massive infrastructure cost creates significant compute anxiety and psychological burden for researchers. Under the intense work pace, the team must maintain a 'marathon mindset for health' to sustain long-term operations. The video team completed the launch of the Grok Imagine 0.9 audio-video model in just three months, primarily achieving this transformation through flat management and data flow error correction. During the development process, Musk was highly hands-on in technical decision-making. Ethan mentioned that he felt fortunate to participate in a closed-door technical seminar convened by Musk, where in-depth discussions on product and research details took place.

Former xAI World Model Head Reveals Insider Details on Musk's Development: Colossus Cluster Consumes Massive Compute Power Hourly, High-Pressure Environment Forces 'Marathon' Approach

On June 2, according to a press release, payment giant MoneyGram announced the launch of its native USD stablecoin MGUSD, which will serve as the infrastructure for a range of financial services within its global payment network. MGUSD is initially deployed on the Stellar blockchain, with Bridge (a subsidiary of Stripe) acting as the regulated issuer, M0 responsible for the smart contract infrastructure for token minting and burning, and Fireblocks providing wallet support. MGUSD will be integrated into its app's self-custody wallet, initially available in the U.S. market, with plans to gradually expand globally.

[Payment Giant MoneyGram Launches Native USD Stablecoin MGUSD]On June 2, according to a press release, payment giant MoneyGram announced the launch of its native USD stablecoin MGUSD, which will serve as the infrastructure for a range of financial services within its global payment network. MGUSD is initially deployed on the Stellar blockchain, with Bridge (a subsidiary of Stripe) acting as the regulated issuer, M0 responsible for the smart contract infrastructure for token minting and burning, and Fireblocks providing wallet support. MGUSD will be integrated into its app's self-custody wallet, initially available in the U.S. market, with plans to gradually expand globally.

Payment Giant MoneyGram Launches Native USD Stablecoin MGUSD

On June 2, according to AXIOS, a new report from OpenAI indicates that knowledge workers currently make up about one-fifth of OpenAI Codex users, and their growth rate is more than three times that of the developer community. According to the company, Codex now has over 4 million weekly active users, a figure that has increased more than fivefold since OpenAI launched its desktop application in February. Among the knowledge worker group, the fastest-growing task type is data analysis, which has seen a week-over-week growth of 110%; research work has grown by 37%; and tasks related to knowledge assets have increased by 36%. Currently, over 60% of users engage in more than one Codex task at some point during the day, a significant increase from less than half in mid-April.

[US Media: Codex Weekly Active Users Exceed 4 Million, Knowledge Workers Account for About One-Fifth]On June 2, according to AXIOS, a new report from OpenAI indicates that knowledge workers currently make up about one-fifth of OpenAI Codex users, and their growth rate is more than three times that of the developer community. According to the company, Codex now has over 4 million weekly active users, a figure that has increased more than fivefold since OpenAI launched its desktop application in February. Among the knowledge worker group, the fastest-growing task type is data analysis, which has seen a week-over-week growth of 110%; research work has grown by 37%; and tasks related to knowledge assets have increased by 36%. Currently, over 60% of users engage in more than one Codex task at some point during the day, a significant increase from less than half in mid-April.

US Media: Codex Weekly Active Users Exceed 4 Million, Knowledge Workers Account for About One-Fifth

On June 2, according to a press release, payment giant MoneyGram announced the launch of its native USD stablecoin MGUSD, which will serve as the infrastructure for a range of financial services within its global payment network. MGUSD is initially deployed on the Stellar blockchain, with Bridge (a subsidiary of Stripe) acting as the regulated issuer, M0 responsible for the smart contract infrastructure for token minting and burning, and Fireblocks providing wallet support. MGUSD will be integrated into its app's self-custody wallet, initially available in the U.S. market, with plans for gradual expansion worldwide.

[MoneyGram Launches Native USD Stablecoin MGUSD]On June 2, according to a press release, payment giant MoneyGram announced the launch of its native USD stablecoin MGUSD, which will serve as the infrastructure for a range of financial services within its global payment network. MGUSD is initially deployed on the Stellar blockchain, with Bridge (a subsidiary of Stripe) acting as the regulated issuer, M0 responsible for the smart contract infrastructure for token minting and burning, and Fireblocks providing wallet support. MGUSD will be integrated into its app's self-custody wallet, initially available in the U.S. market, with plans for gradual expansion worldwide.

MoneyGram Launches Native USD Stablecoin MGUSD

In his speech at Computex 2026, Chen Liwu pointed out that Agentic AI is reshaping the demand for computing power. The future AI infrastructure will enter a heterogeneous computing era characterized by the collaborative development of CPUs, GPUs, ASICs, and custom chips. Based on this assessment, Intel has launched the Xeon 6 Plus processor using 18A process technology, unveiled a rack-level blueprint plan, and officially entered the custom chip market, aiming to re-establish its strategic transformation from a traditional CPU manufacturer to a full-stack AI computing platform.

[Intel's Chen Liwu: Agentic AI Drives CPU Renaissance, Intel Aims for Full-Stack AI Computing Platform]In his speech at Computex 2026, Chen Liwu pointed out that Agentic AI is reshaping the demand for computing power. The future AI infrastructure will enter a heterogeneous computing era characterized by the collaborative development of CPUs, GPUs, ASICs, and custom chips. Based on this assessment, Intel has launched the Xeon 6 Plus processor using 18A process technology, unveiled a rack-level blueprint plan, and officially entered the custom chip market, aiming to re-establish its strategic transformation from a traditional CPU manufacturer to a full-stack AI computing platform.

Intel's Chen Liwu: Agentic AI Drives CPU Renaissance, Intel Aims for Full-Stack AI Computing Platform

Tiger Brokers (TIGR.O): On May 22, the Beijing Regulatory Bureau of the China Securities Regulatory Commission imposed administrative penalties on some of the company's subsidiaries and ordered the confiscation of illegal gains, totaling approximately 411 million RMB (about 59.7 million USD). The penalties stemmed from certain subsidiaries conducting unauthorized cross-border securities business within China, as well as illegal activities related to funds and futures. The company sincerely accepts the penalties and has recognized them as a significant matter following the first quarter. Considering the company's overall profitability and cash flow situation, this one-time expense will not have a significant adverse impact on the company's operations or long-term development. (Jin Shi)

[Tiger Brokers: One-Time Expense Will Not Significantly Impact Operations or Long-Term Development]Tiger Brokers (TIGR.O): On May 22, the Beijing Regulatory Bureau of the China Securities Regulatory Commission imposed administrative penalties on some of the company's subsidiaries and ordered the confiscation of illegal gains, totaling approximately 411 million RMB (about 59.7 million USD). The penalties stemmed from certain subsidiaries conducting unauthorized cross-border securities business within China, as well as illegal activities related to funds and futures. The company sincerely accepts the penalties and has recognized them as a significant matter following the first quarter. Considering the company's overall profitability and cash flow situation, this one-time expense will not have a significant adverse impact on the company's operations or long-term development. (Jin Shi)

Tiger Brokers: One-Time Expense Will Not Significantly Impact Operations or Long-Term Development

HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

【UNI falls below 3 USDT】HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

UNI falls below 3 USDT

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BTC drops below 72000 USDT

BTC drops below 71000 USDT

UNI falls below 3 USDT

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