Odaily U.S. Democratic Senator Elizabeth Warren released a report stating that the Trump administration's reform measures at the Consumer Financial Protection Bureau (CFPB) may have resulted in up to $26.5 billion in additional costs for American consumers.

Warren stated that approximately $22.5 billion of this comes from the CFPB's repeal of policies limiting credit card late fees and bank overdraft fees, with the remaining roughly $4 billion stemming from the agency's abandonment of certain enforcement cases and consumer restitution agreements.

The report notes that a previous CFPB rule limiting credit card late fees had planned to cap most late fees at $8, which was expected to save consumers about $10 billion annually. Furthermore, a new rule targeting overdraft fees had aimed to push banks to limit certain overdraft charges to $5.

It is reported that Trump implemented sweeping changes at the CFPB, including staff cuts, pausing or reducing multiple enforcement actions, and rescinding some consumer protection rules enacted during the Biden era. Warren criticized that these reforms have weakened the CFPB's role as a consumer financial regulator, exposing consumers to more unfair fees and financial risks. Currently, the CFPB and the White House have not immediately responded to the allegations in Warren's report. (CNBC)

Odaily Planet Daily News: The official website of Moon's Dark Side has completed the update for the new Kimi K3 model. Users can log in to their accounts and choose between two versions: K3·Max and K3 Cluster·Max. The company is expected to release an official announcement in the short term.

According to sources, the parameter scale of Kimi K3 ranges from 2 trillion to 3 trillion, making it the AI large model with the highest number of parameters in China. Its comprehensive capabilities are close to those of the flagship product of the American AI company Anthropic. Anthropic has not disclosed the model parameters externally, and the industry generally estimates that its Opus 4.8 has approximately 1.5 trillion to 2 trillion parameters.

Odaily reported that venture capital firm Andreessen Horowitz (a16z) has announced an investment in Runta, a startup specializing in AI agent security. The company aims to help enterprises manage and constrain AI agents much like "raising a child." The specific amount of the investment has not been disclosed yet.

Runta founder Guanlan Dai previously worked on the technical team at Cloudflare and served as a founding engineer at API connectivity startup Kong. He stated that AI agents share similarities with growing children: they possess the ability to autonomously execute tasks, but equally require boundaries, supervision, and permission management.

Dai believes that just as parents childproof their homes and restrict access to credit cards for their children, enterprises also need to limit the important files AI agents can access, the scope of operations they are permitted to execute, and the amount of funds they can spend in a single instance.

Runta is developing an "AI agent guardianship" infrastructure to help businesses manage the permissions, security risks, and behavioral boundaries of AI agents, thereby preventing autonomous AI systems from causing data leaks, erroneous operations, or financial losses while performing tasks.

As enterprises increasingly deploy AI agents with autonomous decision-making capabilities, the need to establish a trustworthy and secure agent management system is becoming a new infrastructure requirement.

Runta aims to become the "parental control layer" for the AI agent era, providing enterprises with capabilities such as agent identity management, permission control, risk limitation, and operational oversight.

Industry insiders believe that as AI agents evolve from simple assistants into autonomous entities capable of operating enterprise systems, handling transactions, and executing complex tasks, the infrastructure market surrounding agent security, governance, and compliance is poised for rapid growth. (The Information)

Odaily Odaily reports that global payment giant Visa is accelerating its stablecoin infrastructure efforts by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into their existing payment and treasury management systems. It is reported that the platform aims to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants within Visa's network, enabling enterprises to use USD stablecoins for settlement, capital flow, and financial management within the traditional payment network.

Visa currently processes approximately $15 trillion in payment transactions annually and has already processed tens of billions of dollars in stablecoin settlement volume. The company hopes to further expand the application scope of stablecoins through this new platform. Initially, the Visa Stablecoin Platform will support the new stablecoin OUSD, launched by the Open Standard alliance, while continuing to be compatible with stablecoins already supported by Visa, including USDC issued by Circle and USDG issued by Paxos. Visa believes that stablecoins are becoming an important part of the future financial infrastructure, with advantages including:

Instant Settlement: Transactions no longer rely on traditional banking clearing cycles;

Low-Cost Transfers: Reducing payment costs based on blockchain networks;

Transparency and Traceability: On-chain transaction records provide higher verifiability.

Visa has been consistently building its footprint in the stablecoin space. In 2020, Visa became the first global payment network to support USDC settlement; in 2025, the company launched a stablecoin settlement plan to further promote the entry of stablecoins into the mainstream payment system.

Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and partnered with companies such as MoonPay and Paxos; American Express has also participated in the ecosystem development related to Open Standard.

As traditional payment giants increasingly adopt stablecoins, they are transitioning from a payment tool within the crypto industry into a vital component of the global financial infrastructure. (Fortune)

Odaily News, Crypto journalist Eleanor Terrett analyzed that the US Senate recently passed a resolution opposing the pardon of FTX founder SBF unanimously. The resolution, co-sponsored by Senators Ruben Gallego and Cynthia Lummis, serves to record the Senate's opposition to pardoning SBF publicly. The analysis points out that this resolution is merely a political statement, carries no legal binding force, cannot restrict the US President's power to grant pardons, and will not alter the current judicial process of the SBF case.

According to data from MSX.COM, the US-listed optical communications sector opened lower and extended its decline, with Corning falling over 8%, Marvell Technology dropping over 6%, and Lumentum, Coherent, and Credo declining over 5%.

Odaily Planet Daily News: According to Lookonchain monitoring, a newly created wallet deposited 5 million USDC into Hyperliquid to open a 2x leveraged long position on Yangtze Memory Technologies (长鑫存储). Its position is currently valued at $1.38 million.

According to MSX.COM data, the decline in the US memory chip sector has widened. SanDisk's drop expanded to 8%, SK Hynix ADR fell 7.8%, Seagate Technology and Western Digital dropped approximately 7%, and Micron Technology fell over 4%.

The Philadelphia Semiconductor Index dropped 3% to 12,023.76 points. Nvidia's stock price fell 2.15%, TSMC's stock price fell 2.73%, Broadcom's stock price fell 3.6%, Micron Technology's stock price fell 3.84%, Advanced Micro Devices' stock price fell 3.76%, ASML's stock price rose 0.11%, Intel's stock price fell 3.68%, Lam Research's stock price fell 2.92%, and ARM's stock price fell 6.6%.

Odaily reported that Coinbase officially announced that the regulated derivatives clearing business of UK financial services group Marex has now formally supported the use of USDC as Initial Margin collateral. This marks the first entry of a stablecoin into the actual operational processes of traditional clearing infrastructure. The first transaction was completed by Prime Trading, LLC, with Coinbase providing the underlying infrastructure support, including custody services, 1:1 instant conversion between fiat currency and USDC, and a customized daily reporting system that meets clearing industry standards.

The implementation of this business was made possible by a "No-Action Letter" issued by the U.S. Commodity Futures Trading Commission (CFTC) in December 2025. This policy opens the door for Futures Commission Merchants (FCMs) to accept stablecoins, Bitcoin, and Ethereum as client margin collateral.

Coinbase stated that USDC, as a collateral asset, can provide round-the-clock liquidity, helping institutions break free from the limitations of traditional banking hours, allowing margin funds to be transferred in line with market operating hours. In this partnership, the core capabilities provided by Coinbase include:

24/7 instant conversion between fiat currency and USDC: Institutional clients can convert between USD and USDC at any time, improving the efficiency of margin allocation;

Customized reporting system: Meets the requirements of traditional clearing systems for asset recording, reconciliation, and regulatory reporting;

NYDFS-compliant custody: Provides institutional-grade security for USDC collateral assets.

Odaily Planet Daily News: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.

Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.

The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.

Odaily Planet Daily News: According to on-chain analyst Ai Yi's monitoring, the account "wjqq", which has a floating profit of over $2.044 million from going long $ETH and shorting $SPCX, opened a 10x long position on 5,000 shares of SK Hynix ($SKHX) this morning at $1,313.2, valued at $6.14 million. It is now facing a floating loss of over $412,000.

Odaily Odaily News Recently, @leto_bao, who became an internet sensation with the persona of achieving "financial freedom through stock trading at ByteDance with 30 million RMB," responded to rumors on the X platform. He claimed, "I have returned to my hometown. I work as a security guard in an office building during the day, deliver food at night, set up a barbecue stall in the early morning, and sell breakfast at the school gate in the morning. I only sleep 3 hours a day, shuttling between McDonald's and hospital outpatient clinics. I dare not go home because debt collectors block my door every day. For meals, I open free treasure chests; for showers, I use the company bathroom. I have already reached a repayment plan with the bank, expecting to clear the debt in 50 years. Please stop making fun of my suffering."

The community speculated that it might be for entertainment effect, a playful response using memes. However, some people questioned in the comments that he still hasn't provided solid proof of his investments, suggesting it's merely hype. Others even claimed to have found records of his previous failed attempts to build an online presence.

Subsequently, he stated bluntly: "I will no longer post in Chinese. The Chinese circle on X is very toxic—filled with anger, bot accounts, and no real discussion. Everyone is chasing creator rewards rather than genuine communication. My posts haven't received any feedback worth responding to. I feel I can get more from the English community here." However, the viewership of his subsequent tweets plummeted from hundreds of thousands to only around 40,000 to 70,000.

Odaily reported that, according to Onchain Lens monitoring, Abraxas Capital has withdrawn 8,452 ETH, worth $16 million, from Binance and Bybit over the past 5 hours.

Odaily Odaily星球日报讯 High-frequency trading giant Jump Trading Group is increasing its focus on the prediction market sector. As major events such as the World Cup drive trading volumes in prediction markets to record highs, Jump Trading has doubled the size of its prediction market team this year to approximately 20 people and plans to continue hiring. Simon Johansen, head of Jump Trading's prediction market division, stated that the company believes prediction markets are evolving from a niche product into a part of mature financial markets, and there remains significant room for future growth. (Bloomberg)

According to data from MSX.COM, Micron Technology's stock opened down 3.06% at $876.645 per share, bringing its total market cap to $990.1 billion.