On June 5, a group of major U.S. banks plan to jointly launch a tokenized deposit network, according to The Wall Street Journal. The publication reported that The Clearing House—an initiative backed by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other top lenders—aims to debut this network next year, which will bridge traditional payment rails with blockchain infrastructure. The project is viewed as a significant move by the U.S. banking sector to counter competition from stablecoins and cryptocurrencies in the payments space.

On June 5, per Onchain Lens monitoring, a newly created wallet withdrew 170,000 HYPE tokens from Coinbase seven hours ago, valued at $10.9 million.

June 5: Anthropic has called on top-tier artificial intelligence labs worldwide to consider slowing their research and development efforts, noting AI systems are evolving at breakneck speed and may soon gain the ability to improve themselves without human intervention—a capability that could pose major societal risks. In a recent blog post, Anthropic published internal data vividly illustrating how its most advanced models are boosting performance at an astonishing rate. The piece suggests AI progress is moving toward "recursive self-improvement," where systems can autonomously optimize themselves without any human input. It called for a global agreement to potentially slow the pace of AI research, alongside a mechanism to verify that competitors comply with such a deal. In response, Serenity framed the call as a competitive ploy designed to freeze rivals while advancing its own work, arguing that such demands might instead prompt countries to accelerate AI investment. This, Serenity

On June 5, a South Korean exchange triggered a circuit breaker for KOSPI 200 futures after a 5% slump, pausing algorithmic trading for five minutes. Separately, the Nikkei 225 Index widened its intraday loss to 1.5%.

**Tariff Refund Legal Fight Escalates After Federal Trade Judge’s Rare Public Action** June 5 — A federal trade judge made an unusual public statement this week regarding the Trump administration’s appeal of a tariff refund ruling, as the legal battle over refund authority continues to heat up. U.S. Court of International Trade Judge Richard Eaton released a public letter Wednesday directly pushing back against the U.S. Department of Justice (DOJ)’s appeal of his order. In the letter, Eaton challenged the government’s legal position and warned that appellate court interference could disrupt an online refund system that has already processed at least $85 billion in refunds. DOJ responded the same day, stating it established the online refund system under its “own authority” to distance the program from Eaton’s tariff refund decision. The core argument in DOJ’s official appeal, filed this week, is twofold: First, Customs and Border Protection (CBP) has no legal right to reopen cu

Per Bitget market data, the South Korean KOSPI index opened 372.6 points lower (a 4.31% plunge) to 8,266.81 points on Friday, June 5. Samsung fell 5% in early trading, while SK Hynix dropped 7% during the session. Japan’s Nikkei 225 index also opened lower on the same day: it slid 486.82 points (a 0.72% decline) to 66,983.87 points at the opening bell.