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Onshore Renminbi against the US dollar closed at 6.7837 on May 25 at 16:30, an increase of 110 points from the previous trading day.

[Onshore Renminbi Against US Dollar Closes at 6.7837 on May 25]Onshore Renminbi against the US dollar closed at 6.7837 on May 25 at 16:30, an increase of 110 points from the previous trading day.

Onshore Renminbi Against US Dollar Closes at 6.7837 on May 25

On May 25, according to Yonhap News, the union representing Samsung Electronics' non-chip business division has applied to the court for a temporary injunction to stop the ongoing salary agreement vote. Previously, Samsung Electronics reached a preliminary salary agreement with the union and suspended the planned strike. However, the special performance bonus arrangements for the semiconductor division have caused dissatisfaction among employees in the non-chip division. The related voting was originally scheduled to take place from May 22 to 27, with the final results yet to be announced.

[Yonhap News: Samsung Non-Chip Division Union Seeks to Halt Salary Vote]On May 25, according to Yonhap News, the union representing Samsung Electronics' non-chip business division has applied to the court for a temporary injunction to stop the ongoing salary agreement vote. Previously, Samsung Electronics reached a preliminary salary agreement with the union and suspended the planned strike. However, the special performance bonus arrangements for the semiconductor division have caused dissatisfaction among employees in the non-chip division. The related voting was originally scheduled to take place from May 22 to 27, with the final results yet to be announced.

Yonhap News: Samsung Non-Chip Division Union Seeks to Halt Salary Vote

According to monitoring by Beating, Musk announced on X that xAI plans to open source the current Grok 4.2 base model (with 0.5 trillion parameters) by the end of 2026. Although the model's parameter scale is relatively small, Musk emphasized that the open-source version will still hold significant practical value for the developer community. Previously, Musk publicly acknowledged that due to flaws in the quality, comprehensiveness, and ratio of training data, the underlying model running Grok 4.2 struggles with high-difficulty programming challenges. However, for routine natural language processing and basic reasoning tasks, the base model with 500 billion parameters still offers strong performance advantages. Open-sourcing large models is one of xAI's strategies. In March 2024, xAI open-sourced the Grok-1 model with 314 billion parameters, which was the largest open-source model at that time.

[Musk Finalizes Open Source Release of Grok 4.2 by Year-End]According to monitoring by Beating, Musk announced on X that xAI plans to open source the current Grok 4.2 base model (with 0.5 trillion parameters) by the end of 2026. Although the model's parameter scale is relatively small, Musk emphasized that the open-source version will still hold significant practical value for the developer community. Previously, Musk publicly acknowledged that due to flaws in the quality, comprehensiveness, and ratio of training data, the underlying model running Grok 4.2 struggles with high-difficulty programming challenges. However, for routine natural language processing and basic reasoning tasks, the base model with 500 billion parameters still offers strong performance advantages. Open-sourcing large models is one of xAI's strategies. In March 2024, xAI open-sourced the Grok-1 model with 314 billion parameters, which was the largest open-source model at that time.

Musk Finalizes Open Source Release of Grok 4.2 by Year-End

On May 25, according to monitoring by Ai Yi, since the WLFI unlock activation portal opened two weeks ago, 45.9 billion WLFI tokens have been transferred to the unlock contract, representing 73.8% progress, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI tokens, valued at $194 million. The current price of WLFI is $0.06137, rebounding 18% from the low point at the beginning of the month.

[WLFI Unlock Contract Transfers 45.9 Billion Tokens Worth $2.81 Billion]On May 25, according to monitoring by Ai Yi, since the WLFI unlock activation portal opened two weeks ago, 45.9 billion WLFI tokens have been transferred to the unlock contract, representing 73.8% progress, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI tokens, valued at $194 million. The current price of WLFI is $0.06137, rebounding 18% from the low point at the beginning of the month.

WLFI Unlock Contract Transfers 45.9 Billion Tokens Worth $2.81 Billion

On May 25, Slow Fog reported that the security agency MistEye detected a cross-registry supply chain attack. The attackers published malicious software packages on npm, PyPI, and crates.io, targeting developers in the fields of cryptocurrency, DeFi, Solana, Sui/Move, and AI. This attack involved over 34 malicious software packages and more than 384 related versions. The attackers may steal cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and developers' confidential information. Some malicious payloads also attempted to achieve persistence through .cursorrules, CLAUDE.md, Git hooks, shell hooks, cron, systemd, and SSH. Developers are advised to immediately remove the affected packages, isolate the compromised systems, retain logs, rotate exposed credentials, rebuild CI environments and developer machines from clean images, and review activity logs for GitHub, cloud services, SSH, and wallets.

[Slow Fog: Supply Chain Attack Affects PyPI/npm/crates.io, Over 34 Malicious Packages Targeting Crypto and AI Developers]On May 25, Slow Fog reported that the security agency MistEye detected a cross-registry supply chain attack. The attackers published malicious software packages on npm, PyPI, and crates.io, targeting developers in the fields of cryptocurrency, DeFi, Solana, Sui/Move, and AI. This attack involved over 34 malicious software packages and more than 384 related versions. The attackers may steal cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and developers' confidential information. Some malicious payloads also attempted to achieve persistence through .cursorrules, CLAUDE.md, Git hooks, shell hooks, cron, systemd, and SSH. Developers are advised to immediately remove the affected packages, isolate the compromised systems, retain logs, rotate exposed credentials, rebuild CI environments and developer machines from clean images, and review activity logs for GitHub, cloud services, SSH, and wallets.

Slow Fog: Supply Chain Attack Affects PyPI/npm/crates.io, Over 34 Malicious Packages Targeting Crypto and AI Developers

On May 25, Tether announced plans to launch a stablecoin representing the Georgian Lari (GEL₮) with the support of the Georgian government. This initiative marks one of the first joint efforts to place a national currency directly onto the digital asset track under a specially constructed regulatory framework for stablecoins. GEL₮ aims to serve as a digital representation of the Georgian Lari, facilitating lower transaction costs, near-instant settlements, programmable payments, and more efficient value transfer within the digital financial system. The initiative is expected to support fintech development, digital payments, and broader access to programmable financial infrastructure in Georgia and the surrounding region. Georgian Prime Minister Irakli Kobakhidze stated, 'With visionary partners like Tether, Georgia is laying the groundwork for a more interconnected, transparent, and digitally empowered financial world.' Tether CEO Paolo Ardoino noted, 'Stablecoins are no longer a niche financial tool; they are becoming part of the global financial infrastructure layer. Georgia has taken the lead in establishing a serious regulatory framework for digital assets and stablecoins, and this clarity lays the foundation for true innovation and adoption.'

[Tether Partners with Georgian Government to Launch Official Stablecoin GEL₮]On May 25, Tether announced plans to launch a stablecoin representing the Georgian Lari (GEL₮) with the support of the Georgian government. This initiative marks one of the first joint efforts to place a national currency directly onto the digital asset track under a specially constructed regulatory framework for stablecoins. GEL₮ aims to serve as a digital representation of the Georgian Lari, facilitating lower transaction costs, near-instant settlements, programmable payments, and more efficient value transfer within the digital financial system. The initiative is expected to support fintech development, digital payments, and broader access to programmable financial infrastructure in Georgia and the surrounding region. Georgian Prime Minister Irakli Kobakhidze stated, 'With visionary partners like Tether, Georgia is laying the groundwork for a more interconnected, transparent, and digitally empowered financial world.' Tether CEO Paolo Ardoino noted, 'Stablecoins are no longer a niche financial tool; they are becoming part of the global financial infrastructure layer. Georgia has taken the lead in establishing a serious regulatory framework for digital assets and stablecoins, and this clarity lays the foundation for true innovation and adoption.'

Tether Partners with Georgian Government to Launch Official Stablecoin GEL₮

On May 25, Tether announced its collaboration with the Georgian government to launch the official stablecoin GEL₮, which will be pegged to the Georgian Lari and issued under a specially designed regulatory framework for stablecoins. The GEL₮ is intended to serve as a digital representation of the Georgian Lari, aimed at reducing transaction costs, enabling near real-time settlements, supporting programmable payments, and enhancing the efficiency of fund flows in cross-border transfers and the digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.

[Tether to Collaborate with Georgian Government to Launch Official Stablecoin GEL₮]On May 25, Tether announced its collaboration with the Georgian government to launch the official stablecoin GEL₮, which will be pegged to the Georgian Lari and issued under a specially designed regulatory framework for stablecoins. The GEL₮ is intended to serve as a digital representation of the Georgian Lari, aimed at reducing transaction costs, enabling near real-time settlements, supporting programmable payments, and enhancing the efficiency of fund flows in cross-border transfers and the digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.

Tether to Collaborate with Georgian Government to Launch Official Stablecoin GEL₮

On May 25, according to a report by the Iranian Students' News Agency, a senior Iranian diplomat stated that neither Iran nor the United States made any commitments regarding nuclear issues or high-enriched uranium in the preliminary draft agreement reached between the two parties. The diplomat also mentioned that if the US can fulfill its commitments in the potential memorandum of understanding, both sides will engage in discussions on nuclear issues and high-enriched uranium reserves during a 60-day negotiation period, in exchange for the lifting of US sanctions and the unfreezing of assets. Additionally, Iran is currently negotiating to end the war and is not discussing nuclear issues.

[Iran: No Commitments on Nuclear Issues in Draft Agreement Between Iran and US]On May 25, according to a report by the Iranian Students' News Agency, a senior Iranian diplomat stated that neither Iran nor the United States made any commitments regarding nuclear issues or high-enriched uranium in the preliminary draft agreement reached between the two parties. The diplomat also mentioned that if the US can fulfill its commitments in the potential memorandum of understanding, both sides will engage in discussions on nuclear issues and high-enriched uranium reserves during a 60-day negotiation period, in exchange for the lifting of US sanctions and the unfreezing of assets. Additionally, Iran is currently negotiating to end the war and is not discussing nuclear issues.

Iran: No Commitments on Nuclear Issues in Draft Agreement Between Iran and US

On May 25, the Iranian Foreign Ministry spokesman stated: We will not impose toll fees for the Strait of Hormuz. It is normal to charge for services, but it should not be regarded as a toll.

[Iranian Foreign Ministry Spokesman: No Toll Fees for the Strait of Hormuz]On May 25, the Iranian Foreign Ministry spokesman stated: We will not impose toll fees for the Strait of Hormuz. It is normal to charge for services, but it should not be regarded as a toll.

Iranian Foreign Ministry Spokesman: No Toll Fees for the Strait of Hormuz

Former Goldman Sachs executive Raoul Pal says that potential downside in the stock market may threaten crypto prices in the coming months. He’s looking at the Nasdaq and says that from a technical analysis standpoint, the index is on the verge of potentially making lower lows if its critical support is broken.
“The failure of equities to hold has exposed risk of severe downside if the low is taken out.”
Pal doesn’t necessarily see new lows in store for crypto markets but warns that current macro conditions are hinting that a major correction is coming, which could drag down digital assets with it.

Detail

【Raoul Pal warns stock market may trigger crypto market crash】Former Goldman Sachs executive Raoul Pal says that potential downside in the stock market may threaten crypto prices in the coming months. He’s looking at the Nasdaq and says that from a technical analysis standpoint, the index is on the verge of potentially making lower lows if its critical support is broken.
“The failure of equities to hold has exposed risk of severe downside if the low is taken out.”
Pal doesn’t necessarily see new lows in store for crypto markets but warns that current macro conditions are hinting that a major correction is coming, which could drag down digital assets with it.

Raoul Pal warns stock market may trigger crypto market crash

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Article

zest soared to 0.180732 USDT, a new high with a 24-hour increase of 9.68%. It currently trades at 0.180313 USDT on HTX.

Raoul Pal warns stock market may trigger crypto market crash

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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