The Indonesian Financial Services Authority requires internet celebrities in the financial and cryptocurrency fields to hold certificates and disclose paid promotion information

The global market is focused on the PCE data of the United States in May, and the market is concerned about inflation stickiness and high interest rate environment. The short-term trend of the cryptocurrency market is affected by inflation data.

According to The Block, CoinShares surveyed 261 European wealth management practitioners and found that 52% of UK advisors reported that over half of their clients' digital assets were not under their management, compared to approximately a quarter in Europe as a whole. The report points out that 61% of the surveyed consultants' institutions have restrictions or no clear information on digital assets, resulting in a proactive recommendation rate of only 1% in restricted institutions and a management gap of 34%, while it is only 4% in supporting institutions. Respondents believe that regulatory inclusion of encrypted assets in mainstream asset classes and provision of encrypted ETPs are key structural conditions for narrowing the gap.

Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks.

According to MSX data, IBM's US stock market rose 4.5% before trading. IBM launches the world's first sub-1 nanometer chip technology, with a new chip design that improves performance by up to 50% and energy efficiency by 70% compared to 2-nanometer process chips.

According to The Block, Kraken has partnered with Maple to launch an on chain institutional loan storage facility, providing USDC liquidity for OTC lending business between institutions and high net worth clients. Maple provides funding to the facility through a revolving financing tool and establishes an SPV structure for bankruptcy isolation. Kraken, as the loan initiator, service provider, and downstream investor, bears the first loss, and its subsidiary Kraken Financial manages the collateral assets.