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According to Bijie.com, Japanese Prime Minister Sanae Takaichi said on Monday that the Japanese government will prepare a supplementary budget of about 3 trillion yen (approximately 18.88 billion USD). This move has sparked concerns about fiscal expansion and may further exacerbate the country's already strained fiscal capacity. The background for preparing this supplementary budget is that the government has decided to use about half of the 1 trillion yen emergency reserve fund to fund subsidies aimed at curbing utility costs. Given the risk of a prolonged Middle East crisis, this move has made the need for the supplementary reserve even more urgent. However, Sanae Takaichi stated that the potential additional issuance of deficit replenishment bonds to raise the supplementary budget is expected to be offset through tax increases and other channels, thereby ensuring that the total issuance of market government bonds on a calendar year remains at the originally planned level.

BlockBeats reported on May 25 that according to Whale Alert monitoring, a dormant pre-mining address containing 2,000 ETH (worth $4,234,171) has just awakened after 10.8 years of dormancy. In 2015, these ETH were worth only $620, yielding profits of over 6,800 times.

According to ChainCatcher, according to Arkham monitoring, Bhutan recently transferred 90 BTC (worth $7 million) to the Segwit address, a move that may indicate asset transfers or sales to independent entities. Since the beginning of the year, Bhutan has transferred a total of $237 million worth of BTC from its wallets to the Segwit address, and currently still holds $233 million worth of BTC.

According to Bijie.com, the open-source terminal AI encoding agent kimi-cli under Moon Dark Side has been renamed kimi-code and underwent an architectural rewrite. The R&D team adopted Anthropic's Claude Code technology to complete an architectural refactoring based on TypeScript and Bun, achieving millisecond-level cold start and a smooth terminal user interface (TUI). This adjustment means Kimi has completely abandoned its original Python tech stack and is now fully aligned with Claude Code. The refactoring involved 166 TypeScript source code files, with code increments exceeding 38,000 lines. In the SWE-Bench benchmark, the refactored version based on the kimi-k2.5 model successfully solved 317 out of 500 development tasks, achieving a resolution rate of 63.4%. The new version supports multimodal analysis and deeply recreates the design of Claude Code, including cursor interactive editing "planning mode" and Emacs shortcuts, and opens third-party large model API access, becoming a unified cross-model terminal programming gateway.

According to Catcher Predict monitoring, in the Polymarket prediction market event "LoL:Dplus KIA vs T1 (BO5) - Esports World Cup Korea Qualifier Playoffs," the win rate for the "T1" option in the submarket "Game Handicap: T1 (-2.5) vs Dplus KIA (+2.5)" experienced a sharp fluctuation, rising from 15% one hour ago to the current 48.5% (a fluctuation of 33.5%). Please be aware of the impact of related breaking news.

According to Bijie.com, Wanlian Securities published a research report pointing out that AI computing power construction and independent semiconductor control are key areas for fund institutions. The report mentions that AI computing power and storage construction are on the rise, driving performance improvement for companies in the PCB and storage industry chains. It is recommended to focus on high-performing sub-sectors such as PCB and storage within the computing power supply chain. At the same time, both PCB and memory are in a period of economic expansion, with manufacturers spending more actively, which is expected to boost upstream demand for equipment and materials. Regarding semiconductor autonomy and control, domestic wafer fabs are accelerating the introduction of upstream domestic equipment and materials, and domestic semiconductor manufacturers' market share is expected to gradually increase. It is recommended to pay attention to investment opportunities in semiconductor autonomy and control.

BlockBeats reported on May 25 that although global market attention remains focused on the US-Iran negotiations and the reopening of the Strait of Hormuz, what capital has truly begun to focus on is a deeper issue—whether global central banks can still maintain market stability as they have over a decade ago, when high inflation, high interest rates, and sovereign debt risks coexist. Although the US-Iran agreement is gradually coming to light, including a limited reopening of the Strait of Hormuz, a 60-day framework agreement, and the restart of nuclear negotiations, there are still significant differences between the two sides on core issues such as highly enriched uranium, sanctions lifting, asset thawing, and the Lebanon front. This means that although the market has begun trading "war cooling," funds have not truly returned to a full risk appetite mode. More importantly, the market is now beginning to show another phenomenon that has rarely appeared in the past two years—"rate hike expectations are returning." The U.S. interest rate futures market has begun pricing in a Fed rate hike as early as October, with a full 25 basis point hike potential by year-end. Fed Governor Waller made it clear that if inflation expectations lose anchor, the Fed still needs to raise rates; Within the ECB, discussions about the possibility of a June rate hike have begun even more directly. This means that the market's original expectation of "rate cuts to save the market" narrative is being replaced by "prolonged high interest rates." The real core behind this is the global bond market's rebellion against the logic of "central banks always have a safety net" over the past decade. Erian actually pointed out the biggest current risk: in the past, whether it was financial crises, pandemics, or wars, the market believed central banks would eventually rescue risk assets through rate cuts, QE, and fiscal stimulus, making "buying on dips" the most successful trading model globally. But now, high inflation, high debt, and sovereign credit pressures are beginning to limit central banks' intervention capabilities, and for the first time, the market faces a situation where "policies want to rescue but may not be able to do so." This is also the reason for the recent sharp disparities in global assets. On one hand, US AI and tech stocks remain elevated due to liquidity inertia and growth expectations; On the other hand, US Treasury yields, Japanese long-term bonds, and European bond markets have all started to fluctuate sharply. This indicates that capital is reassessing: if central banks can no longer provide liquidity without restrictions in the future, then all currently overvalued assets will once again face pressures from "real interest rates" and "discounted cash flows." In the crypto market, BTC will continue to be supported in the short term by a recovery in risk appetite due to cooling Middle East tensions, but if global interest rate markets continue to re-reflect rate hike expectations, highly leveraged and overvalued assets will still face liquidity contraction pressure. The biggest variables in the market right now are no longer just wars, but whether the influence of global policy tools on the market is starting to decline.

BlockBeats reported on May 25 that according to official sources, OKX will support the Base network upgrade. To ensure the smooth progress of the upgrade, all deposit and withdrawal services for Base network tokens will be suspended starting from 01:00 (UTC+8) on May 29, 2026. After the network upgrade is completed, deposit and withdrawal services will resume once the network runs stabilized.

BlockBeats reported on May 25 that according to Hyperinsight monitoring, in just one month last November, three major tech unicorns' pre-IPO counterparts were simultaneously listed on Hyperliquid's Ventuals platform: SpaceX, OpenAI, and Anthropic. Currently, the total open interest in these three stocks is about $14.7 million. Since the contract opened on the first day, all three major stocks have recorded considerable gains: SpaceX: Listing price around $450 (corresponding to $450 billion in implied market value), now up 412%; OpenAI: Listed price around $550 (corresponding to $550 billion in implied market value), now up 138%; Anthropic: Listed at about $326 (corresponding to $326 billion in implied market cap), now up 340%. - If the three major targets go long on the first day of listing with 1x leverage equal weight on Hyperliquid, the overall portfolio return could reach about 297%.

According to ChainCatcher, the Sui mainnet officially launched a protocol-level stablecoin zero-gas transfer feature on May 20, supporting USDC and seven other assets. Users can complete transfers for free without holding SUI. Additionally, Premium Exchange, incubated by NAVI Protocol, is expected to officially launch its new system on May 26. These two advancements optimize the trading experience at the underlying protocol and application layers, further lowering the user barrier and driving the development of the Sui ecosystem.

According to Bijie.com, the Hangzhou Science and Technology Bureau has drafted the "Action Plan for Hangzhou to Build a National 'AI+OPC' New Highland for Entrepreneurship (2026–2028) (Draft for Comments)," "Several Policy Measures for Hangzhou to Build a National 'AI+OPC' Entrepreneurship Highland (Draft for Comments)," and the "Hangzhou 'AI+OPC' Community Construction Work Guidelines (Draft for Comments)," which are now open for public comment. The plan states that Hangzhou will strengthen the supply of computing power models, support OPC communities in increasing investment in AI infrastructure, and jointly build lightweight AI tool platforms with leading enterprises and research institutes, specifically OPC. In addition, Hangzhou will make good use of AI service vouchers and appropriately increase the funding ratio to offset key cost expenditures for OPC startups in the early stages. By 2028, Hangzhou will select 30 outstanding intelligent agent applications with advanced performance and successful implementation, with a scale of no less than 1 billion yuan in urban and district two-tier vouchers.

According to Bijie.com, on May 25 local time, Israeli Prime Minister Netanyahu once again testified in his corruption trial and was subjected to cross-examination regarding "Case 2000." The case was heard on May 24, 2020, and has now lasted six years. In early 2020, Israeli prosecutors formally charged Netanyahu with three charges: bribery, fraud, and breach of public trust. In May of the same year, the court held its first hearing on the case, making Netanyahu the first sitting Israeli prime minister to stand trial. On December 10, 2024, Netanyahu testified in court for the first time regarding the corruption case. It is understood that if convicted of bribery, Netanyahu could face up to 10 years in prison for fraud and breach of public trust, with the maximum penalty being 3 years.

BlockBeats reported on May 25 that according to SlowMist, security agency MistEye detected a cross-registry supply chain attack where attackers released malware packages to npm, PyPI, and crates.io targeting developers in cryptocurrency, DeFi, Solana, Sui/Move, and AI sectors. The attack involved more than 34 malware packages and over 384 related versions. Attackers may steal cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and confidential developer information. Some malicious payloads also attempt to persist through .cursorrules, CLAUDE.md, Git hooks, shell hooks, cron, systemd, and SSH. Developers are advised to immediately remove affected packages, isolate affected systems, keep logs, rotate exposed credentials, rebuild CI runtime environments and developer machines from clean images, and review GitHub, cloud services, SSH, and wallet activity records.

According to Bijie.com, Strategy paused Bitcoin purchases this week and instead bought bonds. Executive Chairman Michael Saylor stated, "Bitcoin batteries are charging." The company plans to repurchase nearly $1.5 billion in convertible debt, expected to be completed with approximately $1.38 billion in cash. Saylor mentioned in the interview that some Bitcoin may be sold in the future, but any sales will be relatively small. Strategy currently holds 843,738 Bitcoins, valued at approximately $65.25 billion, with an acquisition cost of about $63.88 billion, and unrealized gains based on the current Bitcoin price.

According to Bijie.com, a new report from FalconX points out that Hyperliquid (HYPE) is becoming a competitor to traditional exchanges and prediction markets, beginning to surpass perpetual contract trading. David Lawant, Senior Crypto Market Strategist at FalconX, stated that Hyperliquid's recent expansion into pre-IPO markets, forecast contracts, and tokenized real-world assets has attracted more attention from non-crypto traders. The report notes that growing demand for Hyperliquid's HYP-3 market has attracted interest in the pre-IPO market. The platform's native token, HYPE, has surged 94% over the past three months. Additionally, Hyperliquid's collaboration with Coinbase and Circle to integrate USDC as a quoted asset could generate up to $160 million in annual revenue.

According to ChainCatcher, according to on-chain analyst Ai Yi's monitoring, the WLFI unlock and activation portal has been open for two weeks. Currently, 45.9 billion WLFI have been transferred into unlocked contracts, progressing 73.8%, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI, valued at $194 million. WLFI currently stands at $0.06137, up 18% from its early-month low.

BlockBeats reported that on May 25, Grayscale CEO Barry Silbert (@BarrySilbert) posted on social media that the short liquidation price of the "BTC OG insider whale" ZEC is a reasonable near-term price target. On-chain data shows the whale's ZEC short liquidation price is $1,073.72 BlockBeatsc previously reported that the "BTC OG insider whale" shorted 57,000 ZEC, with an unrealized loss of $1.9 million.

BlockBeats reported on May 25 and Yonhap News Agency that unions related to Samsung Electronics' non-chip business units have applied to the court for a temporary injunction to halt the ongoing wage agreement vote. Previously, Samsung Electronics reached a preliminary salary agreement with the union and suspended the original strike plan, but the special performance bonus arrangement for the semiconductor division in the agreement sparked dissatisfaction among non-chip department employees. The related voting was originally scheduled to take place from May 22 to 27, with the final results still pending.

According to Bijie.com, Musk announced on X that xai plans to open-source the active Grok 4.2 base model (with 0.5 trillion parameters) by the end of 2026. Although the model parameters are relatively small, Musk emphasized that open-source versions remain highly practical for the developer community. Previously, Musk publicly admitted that due to flaws in training data quality, comprehensiveness, and recipe ratios, the underlying model running Grok 4.2 struggled to handle the challenging programming challenges. However, for conventional natural language processing and basic inference tasks, a base model with 500 billion parameters still holds a strong performance advantage. Open-source large models are one of XAI's strategies. In March 2024, xai open-sourced the Grok-1 model with 314 billion parameters, making it the largest open-source model at the time.