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On June 5, according to SBS News in South Korea, the Financial Intelligence Unit (FIU) has revised the enforcement decree of the Specific Financial Information Act, abolishing the mandatory reporting obligation for virtual asset transfers exceeding 10 million won. Instead, exchanges will manage the risks themselves. The original proposal required domestic operators to report to the FIU whenever transferring more than 10 million won abroad, regardless of the level of risk. After considering industry feedback, the FIU decided to eliminate the mandatory reporting requirement and instead require companies to establish their own internal risk management systems. Other adjustments include: expanding the applicability of the Travel Rule from amounts over 1 million won to all amounts; changing the enforcement of enhanced customer verification for high-risk suspicious transactions from mandatory to only when companies assess the risk as particularly high; granting a one-year grace period for small businesses on reporting conditions with a debt ratio not exceeding 200%; and allowing the use of overseas cloud services for anti-money laundering computer equipment that must be located domestically. The revised decree will take effect on August 20 after review by the Legal Affairs Office.

[South Korea to Abolish Mandatory Reporting for Crypto Transfers Over 10 Million Won, Risk Management to be Handled by Exchanges]On June 5, according to SBS News in South Korea, the Financial Intelligence Unit (FIU) has revised the enforcement decree of the Specific Financial Information Act, abolishing the mandatory reporting obligation for virtual asset transfers exceeding 10 million won. Instead, exchanges will manage the risks themselves. The original proposal required domestic operators to report to the FIU whenever transferring more than 10 million won abroad, regardless of the level of risk. After considering industry feedback, the FIU decided to eliminate the mandatory reporting requirement and instead require companies to establish their own internal risk management systems. Other adjustments include: expanding the applicability of the Travel Rule from amounts over 1 million won to all amounts; changing the enforcement of enhanced customer verification for high-risk suspicious transactions from mandatory to only when companies assess the risk as particularly high; granting a one-year grace period for small businesses on reporting conditions with a debt ratio not exceeding 200%; and allowing the use of overseas cloud services for anti-money laundering computer equipment that must be located domestically. The revised decree will take effect on August 20 after review by the Legal Affairs Office.

South Korea to Abolish Mandatory Reporting for Crypto Transfers Over 10 Million Won, Risk Management to be Handled by Exchanges

On June 5, following two months of strong growth, U.S. employment growth in May is expected to slow down, but still aligns with the stable conditions of the labor market. Economists anticipate that the highly anticipated employment report from the Labor Department, to be released on Friday, will confirm that while conflicts in the Middle East have driven up oil prices and fueled inflation, they have yet to have a substantial impact on the job market. They noted that fiscal stimulus measures, reflected in tax refunds and tariff rebates, have boosted corporate profits, allowing companies to avoid large-scale layoffs. A Reuters survey shows that economists expect non-farm payrolls to increase by 85,000 in May, following an increase of 115,000 in April, with estimates ranging from 50,000 to 125,000. The expected growth in May remains above the average monthly level of 76,000 so far this year. Economists also believe that there is limited room for significant revisions to historical employment data following updates to the 'birth-death' model used by the U.S. Bureau of Labor Statistics to estimate employment changes due to business openings or closures.

[Market Analysis: U.S. Non-Farm Employment Growth Expected to Slow in May, Yet Remains Robust]On June 5, following two months of strong growth, U.S. employment growth in May is expected to slow down, but still aligns with the stable conditions of the labor market. Economists anticipate that the highly anticipated employment report from the Labor Department, to be released on Friday, will confirm that while conflicts in the Middle East have driven up oil prices and fueled inflation, they have yet to have a substantial impact on the job market. They noted that fiscal stimulus measures, reflected in tax refunds and tariff rebates, have boosted corporate profits, allowing companies to avoid large-scale layoffs. A Reuters survey shows that economists expect non-farm payrolls to increase by 85,000 in May, following an increase of 115,000 in April, with estimates ranging from 50,000 to 125,000. The expected growth in May remains above the average monthly level of 76,000 so far this year. Economists also believe that there is limited room for significant revisions to historical employment data following updates to the 'birth-death' model used by the U.S. Bureau of Labor Statistics to estimate employment changes due to business openings or closures.

Market Analysis: U.S. Non-Farm Employment Growth Expected to Slow in May, Yet Remains Robust

On June 5, S&P Global announced that it will maintain its existing eligibility requirements for major benchmark indices like the S&P 500, rejecting proposals to expedite the inclusion of large companies such as SpaceX after their IPOs. In a press release on Thursday, S&P stated that it will not shorten the current 12-month 'maturity period' set for newly listed companies, nor will it waive existing profitability and public float requirements based on company size. This means that SpaceX will not be eligible for inclusion in the S&P 500 until at least one year after its IPO and must also meet the current profitability and public float requirements, which stipulate that the company must be profitable according to GAAP in the most recent quarter and over the last four quarters combined, with a public float of no less than 50%.

[S&P Global: Major IPOs like SpaceX Will Not Be Quickly Added to S&P 500 Index]On June 5, S&P Global announced that it will maintain its existing eligibility requirements for major benchmark indices like the S&P 500, rejecting proposals to expedite the inclusion of large companies such as SpaceX after their IPOs. In a press release on Thursday, S&P stated that it will not shorten the current 12-month 'maturity period' set for newly listed companies, nor will it waive existing profitability and public float requirements based on company size. This means that SpaceX will not be eligible for inclusion in the S&P 500 until at least one year after its IPO and must also meet the current profitability and public float requirements, which stipulate that the company must be profitable according to GAAP in the most recent quarter and over the last four quarters combined, with a public float of no less than 50%.

S&P Global: Major IPOs like SpaceX Will Not Be Quickly Added to S&P 500 Index

On June 5, at the Tencent Cloud AI Industry Application Conference, Gao Hang, General Manager of Tencent Cloud and head of TokenHub, revealed that the Tencent Cloud large model service platform TokenHub has been online for 3 months and has maintained a doubling growth rate each month. Currently, the daily token consumption has surpassed 5 trillion. (36Kr)

[Tencent Cloud TokenHub: Monthly Growth Doubles, Daily Token Consumption Surges to 5 Trillion]On June 5, at the Tencent Cloud AI Industry Application Conference, Gao Hang, General Manager of Tencent Cloud and head of TokenHub, revealed that the Tencent Cloud large model service platform TokenHub has been online for 3 months and has maintained a doubling growth rate each month. Currently, the daily token consumption has surpassed 5 trillion. (36Kr)

Tencent Cloud TokenHub: Monthly Growth Doubles, Daily Token Consumption Surges to 5 Trillion

On June 5, Curve founder Michael Egorov stated that there is a lot of pessimistic commentary about Bitcoin and the cryptocurrency market, as crypto assets are currently not the market's preferred direction, with AI stocks taking the lead. Cryptocurrency is not a 'toy'; it serves a real purpose by providing self-sovereignty to every user and maintaining a financial system that is always online and operational. Institutions are also adopting infrastructure without cumbersome intermediaries, indicating that the crypto industry is in a better state than ever from a fundamental perspective. Egorov also mentioned that while AI is a foundational technology, it will also experience its own 'valley of death.' He believes that replacing humans with AI will lead to a decline in output quality as AI inputs become AI outputs, and the costs of maintaining such a system will grow exponentially. Large companies driving the ubiquity of AI may not necessarily use it correctly, leading to reported overspending. Both cryptocurrency and AI are foundational technologies, but they are not the same and are not fundamentally in competition. He stated, 'Cryptocurrency is the future of finance.'

[Curve Founder: Cryptocurrency and AI Are Not Competing Technologies, Both Are Foundational]On June 5, Curve founder Michael Egorov stated that there is a lot of pessimistic commentary about Bitcoin and the cryptocurrency market, as crypto assets are currently not the market's preferred direction, with AI stocks taking the lead. Cryptocurrency is not a 'toy'; it serves a real purpose by providing self-sovereignty to every user and maintaining a financial system that is always online and operational. Institutions are also adopting infrastructure without cumbersome intermediaries, indicating that the crypto industry is in a better state than ever from a fundamental perspective. Egorov also mentioned that while AI is a foundational technology, it will also experience its own 'valley of death.' He believes that replacing humans with AI will lead to a decline in output quality as AI inputs become AI outputs, and the costs of maintaining such a system will grow exponentially. Large companies driving the ubiquity of AI may not necessarily use it correctly, leading to reported overspending. Both cryptocurrency and AI are foundational technologies, but they are not the same and are not fundamentally in competition. He stated, 'Cryptocurrency is the future of finance.'

Curve Founder: Cryptocurrency and AI Are Not Competing Technologies, Both Are Foundational

On June 5, at the 2026 Huawei Cloud INSPIRE Innovators Conference, Huawei Cloud officially launched the 'Industry AI Dream Factory: Embodied Intelligence Zone' and announced that the world's first full-process embodied intelligence development platform, CloudRobo, will begin public testing within the month. The zone provides a one-stop platform for embodied intelligence data synthesis, model development, and simulation verification, offering developers access to millions of ready-to-use data assets and over 20 Ascend-compatible model assets. Huawei Cloud's CloudRobo features a PB-level data foundation and development pipeline, the industry's first cloud-native embodied model production engine, and the first domestically produced Real-Sim data production and model evaluation system. The first batch of participants in the zone includes companies such as Siasun Robot, Leju Robotics, Deepwise Intelligence, Yijiahe, Lingyun Guang's Yuan Keshijie, and Shanghai Jiao Tong University. (Sina Finance)

[Huawei Cloud Launches World's First Full-Process Embodied Intelligence Development Platform CloudRobo]On June 5, at the 2026 Huawei Cloud INSPIRE Innovators Conference, Huawei Cloud officially launched the 'Industry AI Dream Factory: Embodied Intelligence Zone' and announced that the world's first full-process embodied intelligence development platform, CloudRobo, will begin public testing within the month. The zone provides a one-stop platform for embodied intelligence data synthesis, model development, and simulation verification, offering developers access to millions of ready-to-use data assets and over 20 Ascend-compatible model assets. Huawei Cloud's CloudRobo features a PB-level data foundation and development pipeline, the industry's first cloud-native embodied model production engine, and the first domestically produced Real-Sim data production and model evaluation system. The first batch of participants in the zone includes companies such as Siasun Robot, Leju Robotics, Deepwise Intelligence, Yijiahe, Lingyun Guang's Yuan Keshijie, and Shanghai Jiao Tong University. (Sina Finance)

Huawei Cloud Launches World's First Full-Process Embodied Intelligence Development Platform CloudRobo

On June 5, Tencent systematically launched the 'Efficiency Intelligent Agent Toolkit' at the 2026 Tencent Cloud AI Industry Application Conference. This toolkit addresses three types of needs: personal efficiency, office efficiency, and enterprise efficiency, providing differentiated intelligent agent solutions for over 20 vertical scenarios. For individual users, the local AI assistant QClaw introduces an innovative 'WeChat Direct Connection' mode and integrates with tools such as Tencent Docs, Tencent Meeting, IMA, and QQ Mail. For professionals, Tencent has launched the 'Buddy' family of products. Additionally, for enterprise users, Tencent officially released the WorkBuddy enterprise version and the Office Intelligent Agent Suite, upgrading the enterprise intelligent agent management platform ClawPro and the intelligent agent development platform ADP 4.0. (Jinshi)

[Tencent Launches Efficiency Intelligent Agent Toolkit Covering Over 20 Vertical Scenarios]On June 5, Tencent systematically launched the 'Efficiency Intelligent Agent Toolkit' at the 2026 Tencent Cloud AI Industry Application Conference. This toolkit addresses three types of needs: personal efficiency, office efficiency, and enterprise efficiency, providing differentiated intelligent agent solutions for over 20 vertical scenarios. For individual users, the local AI assistant QClaw introduces an innovative 'WeChat Direct Connection' mode and integrates with tools such as Tencent Docs, Tencent Meeting, IMA, and QQ Mail. For professionals, Tencent has launched the 'Buddy' family of products. Additionally, for enterprise users, Tencent officially released the WorkBuddy enterprise version and the Office Intelligent Agent Suite, upgrading the enterprise intelligent agent management platform ClawPro and the intelligent agent development platform ADP 4.0. (Jinshi)

Tencent Launches Efficiency Intelligent Agent Toolkit Covering Over 20 Vertical Scenarios

According to monitoring by Beating, Mustafa Suleyman, Microsoft's AI chief, stated in an interview with Bloomberg that Anthropic's models are extremely costly, prompting many users to urgently seek alternatives. Suleyman revealed that Microsoft currently has to pay substantial amounts to Anthropic, and the team's clear goal is to reduce and ultimately eliminate these procurement costs. To break free from reliance on external cutting-edge models, Microsoft unveiled seven in-house developed MAI series models at the Build 2026 developer conference in June. The newly released models include MAI-Thinking-1, which possesses reasoning capabilities. Microsoft claims that the new models can significantly reduce token costs while maintaining performance, competing with Anthropic's flagship model Claude 4.6 Opus in programming tasks. The urgency to control costs has led Microsoft to internally adjust its toolchain. The company is gradually reducing its dependence on third-party tools like Anthropic's programming assistant Claude Code, shifting internal development and daily tasks to its in-house developed GitHub Copilot CLI to manage internal token consumption. The acceleration of independent model development by Microsoft comes against the backdrop of a restructuring of its partnership with OpenAI. The two parties signed a revised agreement on April 27, 2026, ending Microsoft's exclusive licensing of OpenAI technology and terminating the revenue-sharing payments Microsoft made to OpenAI. This restructuring clears the way for Microsoft to independently develop cutting-edge models and compete directly with OpenAI, Google DeepMind, and Anthropic.

[Microsoft AI Chief Calls Anthropic Models Extremely Expensive, Aims to Eliminate Token Procurement Costs with In-House Models]According to monitoring by Beating, Mustafa Suleyman, Microsoft's AI chief, stated in an interview with Bloomberg that Anthropic's models are extremely costly, prompting many users to urgently seek alternatives. Suleyman revealed that Microsoft currently has to pay substantial amounts to Anthropic, and the team's clear goal is to reduce and ultimately eliminate these procurement costs. To break free from reliance on external cutting-edge models, Microsoft unveiled seven in-house developed MAI series models at the Build 2026 developer conference in June. The newly released models include MAI-Thinking-1, which possesses reasoning capabilities. Microsoft claims that the new models can significantly reduce token costs while maintaining performance, competing with Anthropic's flagship model Claude 4.6 Opus in programming tasks. The urgency to control costs has led Microsoft to internally adjust its toolchain. The company is gradually reducing its dependence on third-party tools like Anthropic's programming assistant Claude Code, shifting internal development and daily tasks to its in-house developed GitHub Copilot CLI to manage internal token consumption. The acceleration of independent model development by Microsoft comes against the backdrop of a restructuring of its partnership with OpenAI. The two parties signed a revised agreement on April 27, 2026, ending Microsoft's exclusive licensing of OpenAI technology and terminating the revenue-sharing payments Microsoft made to OpenAI. This restructuring clears the way for Microsoft to independently develop cutting-edge models and compete directly with OpenAI, Google DeepMind, and Anthropic.

Microsoft AI Chief Calls Anthropic Models Extremely Expensive, Aims to Eliminate Token Procurement Costs with In-House Models

On June 5, Curve founder Michael Egorov published a statement addressing the current market's pessimism regarding Bitcoin and the cryptocurrency market, attributing it to the temporary shift in preference towards AI stocks. He emphasized that cryptocurrency is not a 'toy'; it serves a real purpose by providing self-sovereignty to users and maintaining a financial system that is always online and operational. Institutions are also adopting infrastructure without cumbersome intermediaries, indicating that the crypto industry is in a better fundamental state than ever before. 
Egorov also noted that while AI is a fundamental technology, it will also experience its own 'valley of death.' He believes that replacing humans with AI will lead to a decline in output quality as AI becomes input for AI, resulting in exponentially increasing costs to maintain the system. Furthermore, large companies pushing for ubiquitous AI may not be using it correctly, leading to reports of inflated expenditures. Both cryptocurrency and AI are fundamental technologies, but they are not the same and are not competitors in principle. He stated, 'Cryptocurrency is the future of finance.'

[Curve Founder: Cryptocurrency and AI are Fundamental Technologies, Not Competitors]On June 5, Curve founder Michael Egorov published a statement addressing the current market's pessimism regarding Bitcoin and the cryptocurrency market, attributing it to the temporary shift in preference towards AI stocks. He emphasized that cryptocurrency is not a 'toy'; it serves a real purpose by providing self-sovereignty to users and maintaining a financial system that is always online and operational. Institutions are also adopting infrastructure without cumbersome intermediaries, indicating that the crypto industry is in a better fundamental state than ever before. 
Egorov also noted that while AI is a fundamental technology, it will also experience its own 'valley of death.' He believes that replacing humans with AI will lead to a decline in output quality as AI becomes input for AI, resulting in exponentially increasing costs to maintain the system. Furthermore, large companies pushing for ubiquitous AI may not be using it correctly, leading to reports of inflated expenditures. Both cryptocurrency and AI are fundamental technologies, but they are not the same and are not competitors in principle. He stated, 'Cryptocurrency is the future of finance.'

Curve Founder: Cryptocurrency and AI are Fundamental Technologies, Not Competitors

HTX data monitoring shows that LINK has fallen below 8 USDT, currently reported at 7.97 USDT, with a 24H decline of 5.15%.

【LINK falls below 8 USDT】HTX data monitoring shows that LINK has fallen below 8 USDT, currently reported at 7.97 USDT, with a 24H decline of 5.15%.

LINK falls below 8 USDT

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Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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