According to Lookonchain monitoring, a whale opened a 25x leveraged short position on ETH, amounting to 23,151 ETH worth $50.55 million; and also opened a 20x leveraged long position on BTC, amounting to 323.72 BTC worth $25.27 million. The ETH liquidation price is $2,288.33, and the BTC liquidation price is $70,325.36.

Odaily reported that KB Financial Group has announced the completion of a technical proof of concept for Korean Won stablecoins in scenarios such as payments, settlements, and international remittances.

This verification was jointly conducted by KB Financial Group alongside electronic payment company KG Inicis, public chain Kaia, and digital asset solutions firm OpenAsset. It covered the complete financial service workflow, including Korean Won stablecoin issuance, offline payments, merchant settlement, and cross-border remittances.

According to the report, while maintaining users' existing financial service habits, the solution migrated the internal settlement system to a blockchain architecture. In practical payment scenarios, testing was completed through offline self-service kiosks at the coffee chain brand Hollys. Users could pay via QR code without installing a digital wallet, and the system automatically executed on-chain smart contracts during the settlement phase.

Furthermore, in the cross-border remittance test, the system first exchanged the Korean Won stablecoin for a USD stablecoin using Kaia's on-chain liquidity, after which a local partner in Vietnam completed the fiat currency credit. The entire remittance process took approximately 3 minutes, with transaction fees reduced by about 87% compared to the traditional SWIFT remittance model. (Yonhap News Agency)

According to Odaily, nearly 70 senior officials and nominees in the Trump administration, representing over 20%, have held cryptocurrency or blockchain-related investments, with a minimum disclosed value of $193 million. Trump himself holds at least $51 million, while Vice President Vance and several cabinet members also hold millions of dollars in positions. The report also notes that multiple individuals from the tech and crypto sectors have joined the administration. The SEC has paused lawsuits, pushing forward a Bitcoin strategic reserve and stablecoin legislation. Meanwhile, critics have raised concerns about potential conflicts of interest and ethical issues.

Odaily reports that Santiment posted on X platform, stating that following news of the Senate Banking Committee advancing the CLARITY Act, discussions about Bitcoin have surged on social media, bringing BTC and cryptocurrencies one step closer to the final passage of the bill. Historical data shows that when the number of comments bullish on crypto market cap reaches 1.55 times the number of bearish comments, caution is warranted, as market trends often move contrary to public expectations. Santiment noted that any move to advance the CLARITY Act should be viewed as positive for cryptocurrencies in the long term, as the bill could ultimately provide clearer rules for the U.S. crypto industry. Currently, one of the major issues facing the crypto space, particularly by 2026, is uncertainty.

Odaily Planet Daily News: According to Yonhap News Agency, Samsung Electronics labor and management will start the second round of post-mediation at 10:00 AM local time on the 18th. Previously, the labor union had announced a total strike starting on the 21st that would last 18 days. Therefore, it is drawing attention whether the mediation can reach an agreement to resolve the conflict and avert the strike. Under the mediation of the Central Labor Relations Commission of the Ministry of Employment and Labor, labor and management held marathon negotiations from the 11th until the early hours of the 13th, but failed to narrow their differences on the criteria for performance bonuses, leading to a breakdown in talks. The commission requested the labor union to resume negotiations on the 16th, but this was rejected. Now, both labor and management have accepted the mediation request, and negotiations will restart after a five-day gap. Samsung Electronics Chairman Lee Jae-yong returned to South Korea on the 16th after an overseas business trip. Upon arriving at Seoul Gimpo Business Aviation Center, he called on the labor union to return to the negotiating table. Lee stated, "At this moment, we should unite our strength and move forward together in the same direction. Let us do our utmost once again to truly be proud of being 'Samsung people.'" Minister of Employment and Labor Kim Moon-soo also met separately with labor and management representatives on the 15th and 16th to outline the government's stance and coordinate opinions. (Jin Shi)

1. US Energy Secretary: The Strait of Hormuz will be reopened by the end of this summer at the latest.

2. Zhejiang Customs has cracked a crypto mining machine smuggling case, seizing over 400 mining rigs.

3. South Korean Prime Minister Kim Min-seok: All possible measures will be sought to prevent a strike at Samsung Electronics.

4. South Korean Prime Minister: A one-day shutdown at Samsung's semiconductor plant would result in losses of up to 1 trillion won.

5. Jump Crypto: Firedancer has gone live on the Solana mainnet and has started producing blocks.

6. Circle CEO: Willing to invest in teams exploring "letting AI agents sign legal contracts" on Arc.

7. Machi Big Brother's 25x leveraged long position on ETH has increased to 5,075 ETH, and a new 40x leveraged long position on BTC has been opened, with total losses exceeding $32 million.

8. HyperEVM chain Meme coin ALT's market cap has surpassed $7 million, with a daily increase of over 440%.

Odaily reported that Samsung Electronics and its Korean labor union will resume wage negotiations next Monday with the participation of government mediators, a move that may ease market concerns over a potentially disruptive strike at the tech giant. "A one-day shutdown of Samsung Electronics' semiconductor plant alone is expected to result in direct losses of up to 1 trillion won (approximately $668 million)," said South Korean Prime Minister Kim Min-seok on Sunday after an emergency meeting with ministers. "What is more worrying is that even a brief halt in semiconductor production lines could take months to restore." Kim added that if materials have to be discarded due to the strike, market concerns suggest economic losses could expand to as high as 100 trillion won. According to regulations, if the South Korean government determines that a labor dispute may harm the economy or people's livelihoods, the Minister of Employment and Labor can issue an emergency arbitration order. This order immediately prohibits industrial action for 30 days, while the National Labor Relations Commission conducts mediation and arbitration. This measure has rarely been invoked. (Jinshi)

Odaily reported that, according to The Hill in the United States, U.S. Energy Secretary Chris Wright stated on Friday local time that the Strait of Hormuz will "be reopened sometime by this summer at the latest." Wright said the U.S. "continues to expand American natural gas exports," adding that despite the loss of 10 billion cubic feet of natural gas transport capacity per day due to the closure of the Strait of Hormuz, the U.S. is still adding 2.5 billion cubic feet of natural gas export capacity daily. "Shipping through the Strait of Hormuz will resume as soon as possible, but by this summer at the latest," Wright stated, subsequently adding that a related agreement could be reached as early as "within the next few days." Wright said that if Iran "continues to hold the global economy hostage," the U.S. military will "forcibly reopen the Strait of Hormuz, but this is not an easy thing to do," and "we have taken preliminary steps, but the better way is to reach an agreement rather than resorting to military force." (Jin Shi)

Odaily reports that a whale sold 213,419 HYPE at an average price of $41.84, generating $8.93 million and a profit of $2.8 million. Over the past 2 months, the whale purchased 467,188 HYPE at an average price of $35.59, spending $16.63 million. They currently still hold 253,769 HYPE, worth approximately $10.5 million.

Odaily Planet Daily News: The Anti-Smuggling Bureau of Ningbo Customs, Zhejiang, China, recently cracked multiple cases of smuggling virtual currency mining machines, dismantled several criminal gangs, and seized over 400 mining machines including Antminer L9 and IceRiver KS3 models. The gangs involved dismantled the mining machines and falsely declared them as "industrial blockers" and other names, smuggling them through international express channels into ports such as Ningbo and Guangzhou. They then reassembled the machines and sold them domestically or shipped them to mining farms in Xinjiang, Hunan, and other locations for hosted mining. Investigators stated that the related gangs also used USDT for cross-border payment settlements to evade fund supervision.

Odaily Planet Daily News: South Korean Prime Minister Kim Min-seok stated on Sunday that he will seek all options, including emergency arbitration, to prevent a strike at Samsung Electronics, and urged the company and the union to reach a compromise in wage negotiations.

Odaily Planet Daily News According to Onchain Lens monitoring, Brother Ma吉 further deposited 200,000 USDC, accumulating a total of 450,000 USDC, increasing his ETH long position to 5,075 ETH with a leverage of 25x, and opened a new long position of 20 BTC with a leverage of 40x. Current losses exceed $32 million.

1. Arthur Hayes: Hopes the Clarity Act is rejected; cryptocurrencies can survive without regulation;

2. Polish Sejm passes amended cryptocurrency bill, bringing the market under the MiCA framework;

3. VanEck and Grayscale submit BNB ETF amendments on the same day;

4. Harvard University liquidates its Ethereum ETF holdings, while Abu Dhabi's sovereign wealth fund increases its position in IBIT;

5. Circle CEO: Willing to invest in teams exploring "letting AI Agents sign legal contracts" on Arc;

6. The Information: BlackRock considers investing billions of dollars in SpaceX's IPO;

7. An Ethereum OG buys ETH during the market downturn, having previously made an 803x profit on ETH investments;

8. Upbit operator Dunamu sees Q1 operating profit drop 78% year-on-year;

9. Data: Morgan Stanley's total Bitcoin ETF holdings increase to 3,389 BTC;

10. A whale suspected to be associated with BIT increases its long ETH position, now worth $248.65 million, with an unrealized loss of $10.3 million;

11. U.S. President Trump: The Save America Act must pass now;

12. Grayscale: U.S. inflation is accelerating; the market expects the Fed will not cut rates before September 2027.

Odaily reports that the Solana validator client Firedancer, developed by Jump Crypto, is now officially running on the Solana mainnet and has started producing blocks.

Firedancer Lead Engineer Ritchie Patel stated that over the past few months, the client has processed tens of millions of transactions. However, the team is currently adopting a gradual deployment strategy and has no plans for a large-scale public rollout. Patel noted that until all security audits are complete, upgrading more than half of the network's validators simultaneously would pose significant risks.

Firedancer is an independent validator client developed by Jump Crypto for Solana, aimed at enhancing network performance and reducing the risks associated with reliance on a single client. Patel indicated that the project's architecture draws from traditional high-frequency trading systems, with the goal of bringing blockchain performance closer to that of conventional financial market infrastructure.

Additionally, the team has recently concluded a public security audit competition with a total prize pool of $1 million. According to Patel, with Firedancer's gradual deployment, the Solana network's stability during high-concurrency scenarios such as meme coin and NFT trading has already seen a notable improvement. (CoinDesk)

Odaily reports, according to monitoring by EmberCN, Hyperliquid's largest long position holder holds 114,000 ETH in long positions, valued at $259 million. This long position has shifted from an unrealized profit of $13 million to a current unrealized loss of $10 million. The trader opened a long position of 99,000 ETH at a price of $2,270 at the end of April, subsequently adding two smaller positions, bringing the total ETH long position to 114,000 ETH, with an average cost of approximately $2,268. Ten days ago, when ETH was priced at $2,400, the position showed a $13 million unrealized profit. Currently, with ETH priced at $2,180, the position shows a $10 million unrealized loss.