A-share-listed Unitree opens lower, currently down 15.01%

According to HTX market data, U.S. president-themed cryptocurrencies have rallied broadly, with specific performance as follows: TRUMP surged over 26% in 24 hours; MELANIA rose more than 13% in 24 hours; WLFI gained 0.66% in 24 hours and over 11% in seven days. On the news front, Trump released a flurry of pro-crypto announcements this morning, driving Bitcoin to rally and touch $70,000 at one point, while Ethereum rose more than 19% in 24 hours.

Samsung to announce 100 trillion won shareholder return plan. (Money Today)

According to Bitget market data, South Korea’s KOSPI index surged 6.28% intraday, SK Hynix rose 10.80%, and Samsung Electronics gained over 7%.

Whale "Sets 10 Major Goals First" Jasonleo shared a trade on social media 3 hours ago, revealing he had shorted 1,894 Bitcoin at the $69,826 level, with an unrealized profit of over $600,000 at the time of posting. He later outlined his shorting logic, stating the position has a very low stop-loss at $70,400 and take-profit targets between $68,000 and $66,500. Ten hours ago, Jasonleo posted his Bitcoin long position, which showed an unrealized profit of up to $13 million.

JPMorgan strategists warn that the market may view the U.S. Treasury’s unexpected move to push down long-term financing costs as lacking credibility, a development that could drive up term premiums and bond yields over time. The Treasury announced Wednesday it will at least double its bond repurchase scale to provide "greater liquidity support" — an action aimed at lowering long-term U.S. Treasury yields. But JPMorgan argues the measure is only a temporary fix, not a long-term solution: the U.S. economy is near full employment yet still running a 6% fiscal deficit. Strategists including Jay Barry wrote, "Without genuine fiscal consolidation, we worry the market will see this move as lacking credibility. If the Treasury becomes more opportunistic in debt management and further deviates from its 'regular and predictable' principles, this could lead to higher long-term premiums and yields." The total size of U.S. Treasuries has topped $40 trillion, making it harder for policymakers to control financing costs even as the U.S. government keeps issuing more government debt. A market survey shows roughly 60% of respondents believe the U.S. debt situation will continue deteriorating until it sparks a major crisis. (Source: Jinshi)

BitMEX co-founder Arthur Hayes has published a lengthy article titled *The Book of Genesis*, introducing the vision for Flop Labs and Flop Network, two initiatives he backs, while exploring the development direction of the AI agent economy and decentralized computing power markets. Hayes argues that as AI agents grow in scale, future AI will need the ability to autonomously acquire computing power, store memories, and participate in economic activities. However, the current AI computing power market relies heavily on centralized platforms, lacking a unified global market priced by actual computing resources (FLOPs, floating-point operations per second). He proposes that Flop Network will build a blockchain-based decentralized computing network, using the "Proof of Useful Inference (PoUI)" mechanism, allowing computing resource providers to earn the native token $FLOP by contributing their computing power. Hayes states that the FLOP token represents direct equity in the network’s computing resources, and will serve as the base currency for AI agents to access computing resources, store memories, and conduct transactions. He believes that if the AI agent economy continues to grow, Flop Network could become a critical infrastructure linking AI and the crypto economy. Additionally, Hayes says Flop Network will avoid the large-scale pre-sale model of traditional projects, planning to airdrop approximately 20% of its total token supply to testnet participants to advance a community-first development model. The project is still in the construction phase, with more technical details to be announced later.