South Korea is pressing ahead with an ambitious blockchain and digital asset agenda even as artificial intelligence becomes the government's biggest economic priority, signaling that Seoul sees both sectors as key pillars of its long-term technology strategy.

A White House official said U.S. President Donald Trump is “very serious” about a plan to impose a 20% toll on goods passing through the Strait of Hormuz, describing it as an idea he has been trying to advance for months. According to Jin10, U.S. outlet Semafor reported that Trump has long been interested in charging such a toll. The report said he questioned in April why his administration “would not” do it, and he threatened to begin charging in June if an agreement with Iran was not completed within 60 days. However, the report said Trump does not always follow through on his ideas, and until this week he had refused to formally announce the plan, partly because some people in his inner circle opposed it. “This is something he has always wanted to do, but people have tried to persuade him to drop it,” the White House official said. “For him, it has always been an instinctive decision, and he has just circled back to it.” The report said it remains unclear how a toll system linked to restarting a maritime blockade of the strait would operate, and it is also unclear whether the United States has even consulted Gulf countries about it. The official said details of the plan were still being finalized.

Bank of America’s latest fund manager survey said global investors who have been aggressively buying stocks should consider reducing their exposure, citing increasingly bullish positioning. According to Odaily, the bank’s strategists said asset allocators have become extremely optimistic, which they described as a typical warning signal for markets. The report said investors’ cash holdings fell to 3.6% of assets from 4.1% last month, a level the strategists called very low. It also said U.S. equity allocations were at their highest level since December 2024, with a net overweight of 24%. A team led by Michael Hartnett wrote that Bank of America’s “Bull & Bear Indicator” rose to 9.4 on a scale of 1 to 10, placing it in an extremely bullish range. The team said this reading suggests reducing exposure to equities and high-beta assets, adding that overly optimistic positioning could limit further gains in risk assets during the summer.

Cumberland has received a full Major Payment Institution licence from Singapore's central bank, allowing it to offer regulated digital payment token and cross-border money transfer services.

A unit of billionaire Kumar Mangalam Birla’s conglomerate has lined up about $1.5 billion in acquisition financing from Mitsubishi UFJ Financial Group Inc. to fund its purchase of Shell Plc’s renewable energy assets in India, according to people familiar with the matter, Bloomberg reported.

Coinbase, "We messed up": Coinbase CEO admits content tokens won't work. Golden Finance: Another sector proven wrong? This time it's content tokens.

According to CNBC, the U.S. Chamber of Commerce and 40 other business groups sent a letter Tuesday urging Senate leaders to strip Section 815 from the National Defense Authorization Act, a provision that would restrict Pentagon contractors from executing stock buybacks and paying dividends without Defense Department approval. The measure, backed by Sen. Elizabeth Warren and included in the Senate Armed Services Committee-approved bill, would bar the Pentagon from entering into contracts unless a contractor agrees in writing not to purchase listed equity securities or pay dividends or other capital distributions unless it receives a waiver tied to a “qualifying defense investment plan,” with the restriction set to take effect June 15, 2027. Sen. Mike Rounds said the provision goes farther than he is comfortable with, while supporters say it targets underperforming contractors and aligns with President Donald Trump’s January executive order; the House version does not include the provision, setting up negotiations between the chambers.

The personal feud between Musk and Ultraman has lasted for years. This latest argument has taken on a new meaning.

New York Governor Kathy Hochul’s office said she plans to sign an executive order on Tuesday to halt construction of large data centers for up to one year. According to Odaily, the ban would take effect immediately and apply to data centers with power usage of 50 megawatts or more. The office said the pause is intended to give the state time to develop data center regulations that support environmental goals while ensuring grid operations. The move would make New York the latest state to address infrastructure development tied to the AI boom. The report said no other state has implemented a similar pause, though dozens of cities and counties across the United States have issued temporary bans on data center construction, and many states have proposed similar measures. Opponents cited in the report said data centers that support artificial intelligence and computing systems could strain local power supplies and raise utility costs for residents. Some voters have sought to recall politicians who support data center development.

This article explores Uniswap's current revenue, buybacks, and other basic data, and speculates on the buyback situation after the Robinhood Chain governance proposal is passed.

Jupiter has launched Jupiter Gacha, offering tokenised real Pokémon and One Piece trading cards on its Solana DEX. The beta launch with Collector Crypt includes up to $100,000 in rewards.

President Donald Trump and the White House are ramping up pressure on the Senate to pass the Clarity Act, even as lawmakers remain divided over whether the landmark crypto bill should include ethics rules preventing public officials from profiting from digital assets.

In the crypto industry, those who need transparency the most are unaware of their need for it; those who understand the value of transparency the most lack the motivation to make the market more transparent.

Amidst the turmoil in the US stock market and the renewed attention on crypto assets, the Robinhood Chip has emerged. Its arrival is a major boon for Ethereum.

Long-term physical assets are being renamed, repackaged, and repriced by the capital market. The same capitalization logic is being applied to a new category of physical assets by the same group of people on Wall Street.