South Korea's unemployment rate for April was reported at 2.8%, according to Jin10. This figure is slightly higher than the expected rate of 2.7% and matches the previous rate of 2.70%.

Jho Low, the Malaysian financier accused of orchestrating a massive financial fraud, has reportedly sought a pardon from U.S. President Donald Trump. Bloomberg posted on X that Low, who is considered a fugitive by U.S. authorities, is alleged to have played a central role in the 1MDB scandal, one of the largest financial frauds in history. The scandal involved the misappropriation of billions of dollars from a Malaysian state investment fund, leading to investigations in multiple countries. Low's request for a pardon comes amid ongoing legal proceedings and international efforts to bring him to justice. The U.S. Department of Justice has been actively pursuing Low, who remains at large, for his involvement in the scandal. The case has drawn significant attention due to its scale and the involvement of high-profile individuals and institutions.

The Alaska State Senate has nearly unanimously passed legislation to advance gold and silver as legal tender, according to Jin10. Supporters argue that the bill will protect financial freedom and help local precious metal dealers compete fairly with tax-exempt online competitors. The "Sound Money Act" was approved by the state Senate on May 11 with a vote of 19 in favor and 1 against, and it has been submitted to Governor Mike Dunleavy for final review. Previously, the bill passed the state House unanimously with 40 votes in favor. The legislation formally recognizes gold and silver coins, as well as officially stamped gold and silver bars, as legal tender to the fullest extent permitted by federal law. Crucially, the bill ensures that transactions conducted with physical precious metals will not be considered taxable sales or use transactions at the local level. The bill does not mandate individuals or businesses to accept precious metals as payment, aiming to maintain the voluntary nature of currency transactions while formally granting gold and silver the status of legitimate financial instruments.

Microsoft has reported that attackers have inserted malicious code into a Mistral AI software package distributed through PyPI, leading to malware execution on Linux systems. According to NS3.AI, Microsoft indicated that the malware has the capability to steal credentials. Mistral, however, stated that there is no evidence suggesting that its infrastructure was compromised. The company further noted that the incident is connected to a larger supply-chain attack associated with the TanStack security breach.

Saudi Arabia has carried out several undisclosed attacks on Iran in retaliation for assaults on its territory during the Middle East conflict, according to Odaily. Two Western officials and two Iranian officials familiar with the situation revealed these actions, which had not been previously reported, indicating Saudi Arabia's increasing assertiveness against its regional rival. The strikes, conducted by the Saudi Air Force, are believed to have taken place in late March, as assessed by the Western officials. This follows a report by The Wall Street Journal on Monday that the United Arab Emirates also launched military strikes against Iran. The actions by Saudi Arabia and the UAE highlight a largely hidden conflict where Gulf states, targeted by Iranian attacks, are beginning to retaliate. Iranian and Western officials noted that Saudi Arabia informed Iran of these strikes, leading to intense diplomatic engagements. Saudi Arabia threatened further retaliatory measures, which eventually resulted in an agreement between the two nations to de-escalate tensions.

The SPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), reported an increase in its holdings by 1.999 tons. According to Jin10, the current total holdings now stand at 1,038.279 tons.

The traditional talent market favored companies that could make employees feel superior by being "selected".

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

The CLARITY Act, CLARITY Relaunch: US Crypto Regulatory Legislation Enters a Critical Window (Golden Finance) - US cryptocurrency regulatory legislation is entering a critical window.

Coinbase, Coinbase is besieged on all sides. Golden Finance reports that exchanges are beginning to confront the structural problems of the cryptocurrency market.

This signifies that the competition in the stablecoin sector has escalated from "issuing tokens" to "building blockchains," shifting from vying for circulation volume to vying for control of the infrastructure.

Shares of Circle surged nearly 16% Monday to $131.76 — their highest level since March — after the USDC issuer delivered strong Q1 earnings and unveiled a massive $222 million ARC token raise that reinforced investor confidence in the rapidly expanding stablecoin economy.

Artificial Intelligence, Post-2000s Dropouts: Three Weeks of Code, Three-Person Team Creates Top 10 Consumer AI Applications in the US (Golden Finance), Three Young Men Manage the World's Largest Female-Oriented AI Romance Fantasy Website.

Prediction markets are wealth transfer machines, and bots are their operators.

Santa Clara County in California has sued Meta, accusing it of earning up to $7 billion a year from scam ads on Facebook and Instagram. It claims Meta failed to properly stop fraudulent ads and may have prioritised revenue, while Meta denies the allegations.

Sam Altman has once again ignited the AI world — this time launching a fully autonomous coding agent that would work independently like "Goblins" without the need of any supervision or looking after.