The U.S. non-farm employment data for April fell short of expectations, with an increase in unemployment and a slowdown in wage growth, reigniting market expectations for a Federal Reserve rate cut this year. This week, all three major stock indices recorded gains for the second consecutive week; U.S. bond yields plunged over 10 basis points, with two-year yields dropping more than 20 basis points in three days, marking the largest drop since January; the U.S. dollar index reached a three-week low since the March CPI announcement, while USD/JPY rebounded over 1% during the session to regain 152.

Alan Scott reveals U.S. senators and the FBI show unexpected support for privacy in crypto, debunking myths of a privacy crackdown.

Chinese official media, based on court decisions, indicates that cryptocurrency transactions are legally invalid, and losses are borne by the individual.

Microsoft commits $2.2 billion to boost Malaysia's AI and cloud infrastructure, partnering with the government to enhance cybersecurity and foster local AI development.

The recent plunge in Bitcoin has piqued investor interest, with many considering the significant volatility of this digital token as a harbinger of broader changes in global market risk appetites. Charlie Morris, Chief Investment Officer at ByteTree Asset Management, wrote in a report, "Bitcoin is our favorite canary. It serves as a warning of potential future troubles in financial markets, yet we remain confident that it will rebound at some point."

The trading volume of Hong Kong's Bitcoin Spot ETF reached approximately $6.3 million, impacted by the ban on mainland Chinese investors from trading, affecting market demand.

Huaxia, Bosera, and Harvest Bitcoin Spot ETFs have debuted and begun trading on the Hong Kong Stock Exchange.

Thai authorities recently raided illegal crypto mining operations in two provinces, seizing devices worth $5 million and arresting three suspects for power theft.

Stablecoins safeguard against market swings, backed by fiat or crypto, and maintain liquidity even amidst economic downturns, dominating 8.42% of the crypto market.

The Hong Kong Bitcoin Spot ETF will be listed for trading this week, the U.S. Securities and Exchange Commission is sued, and Yellen's quarterly refinancing announcement this week is expected to trigger major market moves.