Bitcoin Briefly Falls Below $70,000

As investors ramp up bets on further interest rate hikes by the Bank of Japan (BOJ), the yield on Japan’s two-year government bonds is approaching the key 2% threshold. The two-year JGB yield, highly sensitive to monetary policy expectations, climbed 4 basis points to 1.975% on Monday, hitting its highest level since 1995. Other JGB tenors also faced pressure, with the five-year JGB yield rising 3 basis points to 2.43%. Strategists including Nakaji Okumura of SMBC Nikko Securities wrote in a report that as politicians at home and abroad grow more concerned about the weak yen, bets on the BOJ accelerating policy tightening are heating up. They added that fiscal expansion in major economies and rising commodity prices could further reinforce market expectations that Japan will eventually need to tighten monetary policy to curb inflation.

According to official announcements, Binance Wallet now supports paying gas fees with USDT, with support currently available for BNB Chain, Ethereum, Solana, and Tron.

Insight Beating AI Express: NaiveAI, founded by Tsinghua University associate professor Dai Jifeng, has released Naive-N0.5-Flash and made its model weights publicly available. The model is modified from Xiaomi’s MiMo-V2.5 Base and open-sourced under the MIT license. NaiveAI retains the original MoE architecture, with key adjustments to the attention mechanism: replacing global attention with sliding window attention and DeepSeek sparse attention, followed by further training on 3.25 trillion tokens. The modified model natively supports a 1 million-token context window, reducing computational overhead when processing ultra-long texts. AI was directly involved in R&D: it handled coding, experiment runs, result analysis, and optimization, while researchers set directions and made key decisions. Taking inference system NaiveRT as an example, the team conducted 151 optimization experiments over 6 days, with 63 rounds adopted. The official announced a maximum inference speed of 2122 tok/s, but the test conditions were special: using 8 GPUs, disabling thinking mode, excluding input processing time, and selecting the best-performing second from 41 requests. Under standard conditions, the official provided a speed of approximately 50 tok/s per user.

Crypto trader Ansem said he is quite optimistic about the true recovery of NFTs in this cycle. Art NFTs may see another rally, but what deserves more attention is the innovation around NFT formats, including AI agents, ownership mechanisms, new issuance methods, and various models of integrating NFTs with on-chain products. He believes that as the broader on-chain asset rotation remains in its early stages, the NFT space may witness more new applications and design explorations going forward.

The Securities and Futures Commission (SFC) of Hong Kong and the Accounting and Financial Reporting Council (AFRC) today signed a new Memorandum of Understanding (MOU), expanding their regulatory cooperation beyond oversight of financial reporting and related audit work for listed entities. The new MOU covers financial and compliance reporting of licensed corporations, virtual asset service providers licensed by the SFC, SFC-authorized funds, and registered open-ended fund companies, as well as relevant audit and assurance work carried out by their auditors. Additionally, the MOU establishes a comprehensive framework for information sharing, case referral, mutual assistance, and coordinated inspections and investigations related to regulatory matters of common concern to both parties.

According to data from Alternative, the Crypto Fear & Greed Index stands at 74 today, just 1 point away from "Extreme Greed", with a weekly average of 70. Meanwhile, HTX market data shows Bitcoin has pulled back to the $83,000 level, currently trading at $83,488; Ethereum is at $2,656, down 1.52% in 24 hours. Altcoins are seeing mixed performance with sector rotation: some previously strong altcoins have entered a correction, while others that were weak earlier are rallying. Notable moves include: QNT up 52% to $261, ONE up 21% to $0.0027, GRT up 18% to $0.032, PUMP up 15.8% to $0.005, SEI up 14.5% to $0.0826; SAGA down 17.3% to $0.0255, PHA down 17.8% to $0.06, RUNE down 9% to $0.727, ZAMA down 8% to $0.082.