Fitch Warns: AI Market Correction Emerging as Major Global Credit Risk

Atsuko Sato, owner of Kabosu—the Shiba Inu that inspired Dogecoin—has issued a statement clarifying that a series of CATE tokens circulating in the market recently have no connection to her. She said she only posted a single update on Instagram earlier, but the content was later used without authorization by others, who then issued fake tokens under her name to create the illusion of a link. She expressed regret over the incident, noting that some accounts involved in spreading related information even include users with significant influence on the X platform. Sato emphasized that the only project currently officially authorized by her to manage her intellectual property is Own The Doge. She explained that Own The Doge acquired the Doge NFT in 2021, launched the DOG token, and is responsible for organizing Doge Day events, supporting charity, and managing her IP. In 2025, the two parties collaborated to launch the COCORO token on the Base network. Proceeds from these projects will be used to care for her pet family members and support animal welfare initiatives run by withkabosu, she added. She called on the public to rely on official announcements, remain vigilant against any unauthorized projects or tokens issued under her name, and avoid falling for crypto asset projects unrelated to her.

，据彭博社报道，DCG 旗下加密货币交易平台 Luno 将在全球范围内裁减约 20% 的员工，作为公司重组计划的一部分。公司首席执行官 James Lanigan 证实了这一消息。Lanigan 在回应媒体提问时表示，此次重组将调整公司的业务布局，包括扩大其面向企业客户（B2B）业务，并根据当前市场环境削减成本。不过，他拒绝透露此次裁员涉及的具体员工人数。

CryptoQuant analyst Darkfost noted in a recent post that the volume of Bitcoin (BTC) holdings transferred by long-term holders to trading platforms has recently hit a high. Currently, long-term holders make up 5.1% of total Bitcoin inflows to these platforms — a figure near an all-time high, with only 2020 recording a higher rate, around 5.5%. This shift came after Bitcoin’s sharp price drop. As the metric relies on 90-day moving average data, it carries a degree of lag, meaning changes won’t immediately reflect the latest market developments. While the trend is likely to gradually stabilize going forward, current data shows long-term holders have clearly stepped up their trading activity recently.

According to market data from BIT (bit.com), Corning’s US-listed stock plunged more than 15% in pre-market trading. The company forecasts core sales of $4.9 billion to $5 billion for the third quarter, while market expectations had stood at $5 billion.

Myanmar’s parliament passed a law on Tuesday that permits the death penalty for people who coerce others into online fraud via violence or illegal detention. Per a draft bill released in May, if such abuse leads to a victim’s death, “the death penalty shall be imposed”. The new law also specifies that those operating online scam compounds or committing “digital currency (cryptocurrency) fraud” face a maximum sentence of life imprisonment; offenders who carry out acts like violent coercion and illegal detention can be sentenced to 10 years to life in prison.

Bloomberg reported that satellite images show two Amazon Inc. data centers in Bahrain were damaged, consistent with Iran’s claim last week that it had carried out a missile attack on the facilities. Iran’s Islamic Revolutionary Guard Corps (IRGC) released high-resolution satellite imagery via Tasnim News Agency, its official media outlet, showing severe damage to the two data centers located in Zallaq and Askar, Bahrain. The IRGC stated the facilities were targeted because Amazon supports U.S. military operations. Independent low-resolution images from the European Space Agency (ESA)’s Sentinel-2 satellite constellation, reviewed by Bloomberg, also show signs of damage at both sites.