Circle Co-Founder Allaire: The proxy economy must be built on software currency and on-chain governance.

According to market data from BIT (bit.com), the storage sector saw broad declines in U.S. after-hours trading, with individual stocks falling as follows: Seagate Technology (STX) dropped 3.99%, Western Digital (WDC) fell 4.39%, SanDisk (SNDK) slid 5.09%, and Micron Technology (MU) declined 4.96%. Note: U.S. after-hours trading runs from 20:00 ET to 4:00 ET the next day, Sunday through Thursday.

According to a report by Procuratorial Daily, researchers from the Yuhu District People's Procuratorate of Xiangtan City, Hunan Province, and the Faculty of Law of Xiangtan University have co-authored an article proposing a systematic solution to the regulatory dilemmas in criminal law for money laundering crimes involving virtual currencies. The article notes that current judicial practice faces three core challenges: behavioral characterization, evidence collection, and recovery of illicit funds and loss compensation. First, Article 191 of China’s Criminal Law, which defines the crime of money laundering, still limits predicate offenses to seven categories, leading to a large number of cases being charged only with the crime of concealing and disguising criminal proceeds. Second, tools such as mixers, privacy coins, and cross-chain transfers fragment the evidence chain, making it difficult for traditional investigation methods to trace the source. Third, conflicts in the legal status of virtual currencies, gaps in procedural rules, and cross-border cooperation barriers hinder the enforcement of illicit fund recovery. In response, the authors put forward targeted suggestions: For the behavioral characterization dilemma, shift from passive identification to active review at the judicial level, and activate the guiding function of procuratorial supervision and assessment standards at the supervisory level. For the evidence verification dilemma, establish adaptive authentication and review standards for electronic evidence, build a tiered standard of proof and reasonable presumption rules, and explore the authorization and standardized application of technical investigation measures. For the illicit fund recovery and loss compensation dilemma, establish a national-level cross-departmental collaborative disposal mechanism, and actively participate in and lead the construction of international rules and cooperation platforms.

According to Bitget market data, South Korea’s Seoul Composite Index has extended its intraday decline to 7%. SK Hynix fell 12.75%, while Samsung Electronics dropped 7.81%.

Periscope Analytics analyst Brian Freitas stated in a report that SK Hynix’s newly listed American Depositary Receipts (ADRs) may see a short-term valuation premium. Freitas projects these ADRs will carry a 30% to 35% valuation premium in the very near term, after which the premium will narrow due to limited passive buying interest in these US-listed securities. SK Hynix raised $26.5 billion in its US offering and made a strong debut on Nasdaq last Friday, with its ADRs closing nearly 13% higher. The stock fell 10% in early trading in Seoul today.

Japanese Prime Minister Sanae Takaichi reaffirmed during her pre-recorded opening address at WebX 2026 that the Japanese government will step up support for startups. She noted that with the synergy between the Web3 conference and government support policies, Japan’s innovation ecosystem is poised for further growth. Takaichi first touched on WebX’s positioning, stating that as one of Asia’s largest conferences focused on Web3 social applications and built on blockchain technology, WebX draws around 15,000 global attendees, making it highly significant. “This conference attracts numerous startups and hosts matchmaking events with various investment institutions,” she said. “For Web3 practitioners, it serves as an important platform for equal exchanges on the future of society and industry, mutual knowledge enhancement, and fostering further business collaborations—holding great importance.” Successive Japanese cabinets have consistently advanced Web3 strategies. Since the Kishida administration formulated the “Five-Year Startup Development Plan,” both the Ishiba administration and the current Takaichi administration have leveraged the WebX platform to directly convey policy signals to the industry. This demonstrates that Japan’s policy direction for promoting Web3 development has remained unchanged despite cabinet reshuffles, maintaining strong policy continuity.

According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,979, with a 1.62% decline in the past 24 hours.