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On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

[Banca Sella Receives Approval in Italy to Offer Crypto Asset Services]On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

Banca Sella Receives Approval in Italy to Offer Crypto Asset Services

This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

[This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow]This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow

This week, the flow of funds in cryptocurrency exchange-traded funds (ETFs) continues to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for the 14th consecutive trading day. This week, the Bitcoin ETF recorded a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation is more balanced compared to previous trading days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, led by Bitwise's XRP product with $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

[This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow]This week, the flow of funds in cryptocurrency exchange-traded funds (ETFs) continues to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for the 14th consecutive trading day. This week, the Bitcoin ETF recorded a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation is more balanced compared to previous trading days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, led by Bitwise's XRP product with $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

On May 31, Visa made a strategic investment in the AI software development platform Replit, aiming to embed its commercial infrastructure into next-generation development tools. Both parties stated that they are collaborating to integrate Visa Intelligent Commerce into Replit's platform. The goal is to enable developers to build applications and AI agents that can initiate secure transactions and receive payments through Visa's global network without interrupting their development workflow.

[Visa Makes Strategic Investment in AI Software Development Platform Replit]On May 31, Visa made a strategic investment in the AI software development platform Replit, aiming to embed its commercial infrastructure into next-generation development tools. Both parties stated that they are collaborating to integrate Visa Intelligent Commerce into Replit's platform. The goal is to enable developers to build applications and AI agents that can initiate secure transactions and receive payments through Visa's global network without interrupting their development workflow.

Visa Makes Strategic Investment in AI Software Development Platform Replit

According to The Information, reported by Golden Finance on May 31, Microsoft is developing a new in-house AI model for programming, speech, transcription, reasoning, and image processing. This initiative aims to reduce reliance on OpenAI and Anthropic while providing developers with a more cost-effective option through Azure.

[Microsoft Developing New In-House AI Model]According to The Information, reported by Golden Finance on May 31, Microsoft is developing a new in-house AI model for programming, speech, transcription, reasoning, and image processing. This initiative aims to reduce reliance on OpenAI and Anthropic while providing developers with a more cost-effective option through Azure.

Microsoft Developing New In-House AI Model

On May 31, SoftBank announced a commitment of up to €75 billion to establish a large-scale artificial intelligence computing cluster network in France, which will become the largest data center project in Europe. This also marks SoftBank's largest single investment in artificial intelligence outside the United States. According to insiders, the collaboration was quickly finalized after French President Macron dined with Masayoshi Son in Tokyo in early April. In the first phase, SoftBank will lead an investment of €45 billion, aiming to achieve a computing capacity of 3.1 gigawatts in the Hauts-de-France region by 2031, with plans to add an additional 2 gigawatts of capacity later. One of the core facilities will be located in Dunkirk, where SoftBank will partner with Schneider Electric to create AI infrastructure and a robotics manufacturing center. The location has a strategic advantage, serving clients in London, Brussels, Amsterdam, and other areas. The entire project is planned to reach a total computing capacity of 5 gigawatts, and if fully completed, SoftBank's total investment will amount to approximately €75 billion.

[SoftBank Commits €75 Billion to Build AI Facilities in France]On May 31, SoftBank announced a commitment of up to €75 billion to establish a large-scale artificial intelligence computing cluster network in France, which will become the largest data center project in Europe. This also marks SoftBank's largest single investment in artificial intelligence outside the United States. According to insiders, the collaboration was quickly finalized after French President Macron dined with Masayoshi Son in Tokyo in early April. In the first phase, SoftBank will lead an investment of €45 billion, aiming to achieve a computing capacity of 3.1 gigawatts in the Hauts-de-France region by 2031, with plans to add an additional 2 gigawatts of capacity later. One of the core facilities will be located in Dunkirk, where SoftBank will partner with Schneider Electric to create AI infrastructure and a robotics manufacturing center. The location has a strategic advantage, serving clients in London, Brussels, Amsterdam, and other areas. The entire project is planned to reach a total computing capacity of 5 gigawatts, and if fully completed, SoftBank's total investment will amount to approximately €75 billion.

SoftBank Commits €75 Billion to Build AI Facilities in France

On May 31, the Spanish National Police arrested six members of the 'Alaguay Train' gang, who are suspected of carrying out a series of violent robberies targeting high-profile individuals possessing jewelry and cryptocurrency.

[Spain Arrests Gang Targeting Jewelry and Cryptocurrency]On May 31, the Spanish National Police arrested six members of the 'Alaguay Train' gang, who are suspected of carrying out a series of violent robberies targeting high-profile individuals possessing jewelry and cryptocurrency.

Spain Arrests Gang Targeting Jewelry and Cryptocurrency

Iranian state television reported that this yet-to-be-finalized informal draft states that Iran has exclusive authority to determine the nature of vessels passing through the Strait of Hormuz. If the cargo of a vessel is deemed threatening or the actual beneficiary is an adversarial force to Iran, that vessel will not be considered a civilian merchant ship and will be prohibited from passage. Iran has the right to designate navigation routes, set navigation fees, maintain channel safety, and address related environmental damage issues. The draft indicates that the US has committed to assist Iran in fully unfreezing $12 billion of frozen assets within 60 days. These funds can be transferred to banks designated by Iran and used without restrictions. Currently, the draft is only an informal consensus and still requires review, negotiation, and revision by all parties.

[Iranian State TV: US-Iran Memorandum Draft Grants Iran Control Over the Strait]Iranian state television reported that this yet-to-be-finalized informal draft states that Iran has exclusive authority to determine the nature of vessels passing through the Strait of Hormuz. If the cargo of a vessel is deemed threatening or the actual beneficiary is an adversarial force to Iran, that vessel will not be considered a civilian merchant ship and will be prohibited from passage. Iran has the right to designate navigation routes, set navigation fees, maintain channel safety, and address related environmental damage issues. The draft indicates that the US has committed to assist Iran in fully unfreezing $12 billion of frozen assets within 60 days. These funds can be transferred to banks designated by Iran and used without restrictions. Currently, the draft is only an informal consensus and still requires review, negotiation, and revision by all parties.

Iranian State TV: US-Iran Memorandum Draft Grants Iran Control Over the Strait

Market data shows that BTC has surpassed $74,000, currently priced at $74,011.04, with a 24-hour decline of 0.35%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Surpasses $74,000]Market data shows that BTC has surpassed $74,000, currently priced at $74,011.04, with a 24-hour decline of 0.35%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Surpasses $74,000

1. FTX founder SBF arrives in New York Court;
2. Brazil's President signs crypto regulations into law;
3. New York judge grants FTX founder Bankman bail for $250 million;
4. The pictures used by Trump NFT may be suspected of piracy and infringement;
5. Dubai property developer MAG accepts payments in multiple cryptocurrencies.

Detail

【Huobi Breaking News】1. FTX founder SBF arrives in New York Court;
2. Brazil's President signs crypto regulations into law;
3. New York judge grants FTX founder Bankman bail for $250 million;
4. The pictures used by Trump NFT may be suspected of piracy and infringement;
5. Dubai property developer MAG accepts payments in multiple cryptocurrencies.

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Article

sfp currently trades at 0.2679 USDT, up 19.54% in 24h, according to HTX market data.

a16z-Linked Entity Increases Holdings by 226,121 HYPE, Totaling 3.9 Million HYPE at Average Price of $49.4

Huobi Breaking News

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