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22:58
State Street Bank: In light of recent DeFi attacks, institutions seek to strengthen blockchain security
Jinse Finance reported that on May 5, the Head of Digital Assets at State Street Bank stated at the Miami Consensus conference on Tuesday that large traditional financial companies need safeguards in the blockchain-based asset world, especially given that decentralized finance (DeFi) still remains highly vulnerable to hacker attacks and losses. At the same time, for institutions, interoperability between blockchains requires clear definition and understanding for cryptocurrencies to scale safely. “It must be clarified in cross-chain transactions what the legal ownership and lawful rights are, respectively, when tokens exist on different chains. Our clients need to know and understand this. As institutional investors, we have to do this,” he said.
22:55
Overnight News Summary for May 6
The Nasdaq and S&P 500 indices have once again reached record closing highs. 2. Intel surged nearly 13%, with multiple institutions raising their target price for the company. 3. The Trump administration is strengthening AI regulations by planning to test Google, Microsoft, and xAI models. 4. The U.S. Secretary of State confirmed that the “Epic Rage” military operation against Iran has concluded. 5. The U.S. SEC has released a new proposal, planning to allow companies to disclose financial reports on a semi-annual basis. 6. The U.S. is seeking United Nations support to break Iran’s control over the Strait of Hormuz. 7. Apple will allow users to choose from multiple third-party artificial intelligence services. 8. Apple has delayed the release of Siri artificial intelligence features and has settled a lawsuit for $250 million. 9. Anthropic has launched an AI agent designed to perform financial services tasks, targeting banking and other professionals. 10. Several major publishers have sued Meta, alleging copyright infringement due to AI training.
22:38
MoonPay acquires Solana infrastructure company DFlow for $100 million
Jinse Finance reported that on May 6, MoonPay's CEO stated that the DFlow Solana-based infrastructure trading platform should help support "large-scale transactions" and "agent-driven financial applications." According to Fortune magazine, MoonPay acquired the company through a $100 million stock purchase.
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