The CSI Convertible Bond Index opened 0.01% higher. Heda Convertible Bond, Qifan Convertible Bond, Jinji Convertible Bond, Shengxun Convertible Bond, and Dazhong Convertible Bond led the gains, rising 16.68%, 5.95%, 4.53%, 2.15%, and 2.15% respective

Market & Trading - Bitcoin and Ethereum ETFs continue streak as BTC products record $238 million net inflow (5th consecutive day) and ETH products see $67.7 million (8th consecutive day), led by BlackRock's IBIT and ETHA. - Global liquidity expected to tighten by 20–25%, according to Hilbert Group CIO, potentially placing short-term pressure on Bitcoin despite long-term bullish outlooks for 2027. - "Strategy" continues massive accumulation, purchasing 34,164 BTC for approximately $2.54 billion last week; the firm now holds over 815,000 BTC. - Some Analysts suggest one final "major correction" may be triggered by a pullback in US equities or runaway oil prices, offering a "last chance" to buy the dip before a massive rally. Regulation & Policy - White House claims US and Iran are on the "brink" of a nuclear and peaceful agreement; however, Iranian officials deny discussions regarding the transfer of enriched uranium. - South Korean National Tax Service to track non-custodial wallets (MetaMask, Phantom) in real-time to combat tax evasion and monitor "mixers" used for money laundering. - Fed nominee Warsh pledges strict independence, emphasizing that monetary policy must remain isolated from political pressure and focused on price stability. - CFTC and SEC propose raising Form PF thresholds from $150 million to $1 billion, significantly reducing the reporting burden for approximately half of currently filing private fund managers. - Shanghai government mandates blockchain infrastructure to enhance public data utilization, cross-chain services, and digital identity for customs and maritime regulatory efficiency. Institutional & Corporate Developments - Apple announces historic leadership transition: Tim Cook to become Executive Chairman on September 1, 2026, with John Ternus taking the CEO mantle as the The company hits a $4 trillion valuation. - SpaceX targets June IPO at $1.75 trillion valuation, with plans to reserve approximately 30% of shares for retail investors following closed-door meetings with Wall Street analysts. - Coinbase and Bybit explore tokenizing US equities for global distribution, focusing on providing pre-IPO and listed stock access to users in Asia and other global markets. - Bitmine Immersion Technologies (BMNR) hits holding milestone, now controlling nearly 5 million ETH (4.12% of total supply) following its fastest accumulation since period late 2025. - Tether leads $8 million strategic round for KAIO, an Abu Dhabi-regulated platform for tokenizing institutional funds from BlackRock and Brevan Howard. Technology & Ecosystem - KelpDAO blames LayerZero's default "1/1 DVN" configuration for the $290 million exploits, sparking a heated industry debate over the security of "single-signer" validation in cross-chain bridges. - Arbitrum Security Council freezes 30,766 ETH linked to the KelpDAO attacker, utilizing technical "interceptor" wallets in coordination with law enforcement. - Aave begins recovery steps by unfreezing WETH reserves on Ethereum Core V3, though Loan-to-Value (LTV) ratios remain at zero as the protocol assesses potential bad debt. - Quantum-resistant roadmaps accelerate as Ripple aims for XRP Ledger readiness by 2028 and Sonic Labs outlines a migration path for its PoS network without consensus redesign. - "Agent.market" launches as an app store for AI agents, enabling autonomous entities to access tools from OpenAI, Bloomberg, and Amazon via internet-native payment protocols. Crypto Flows & Holdings - Massive 80,000 ETH withdrawal ($184.7 million) from Binance by a four-week-old wallet signals continued large-scale institutional accumulation or internal restructuring. - Paradigm unstakes 2.14 million HYPE ($88 million), while Trend Research moves $23.3 million in UNI and COMP to new addresses, indicating potential upcoming liquidity events. - Whale exits Bitcoin "dip-buy" with $5.37 million profit, transferring 2,000 cbBTC to Coinbase after a successful trade initiated in February.

WARSH: MORE CONFIDENT THERE WILL BE IMPROVED OUTPUT FROM AI, THAN ABOUT WHAT EFFECTS IT WILL HAVE ON LABOR MARKET