Odaily News Cathie Wood's Ark Invest reduced its holdings of stablecoin USDC issuer Circle (CRCL) on Monday, totaling 342,658 shares, cashing out about $51.7 million. The sale occurred when CRCL's stock price hit a new high, closing at $151.06, nearly five times the IPO price of $31. Circle has recently been sought after by investors due to the growth of USDC and the benefits of the GENIUS Act. (The Block)

Odaily News According to US officials, CNN: US President Trump has instructed members of his team to meet with Iran as soon as possible. (Jinshi)

Odaily News PrismaX, a startup company of robotic intelligence platform, announced the completion of $11 million seed round of financing, led by a16z CSX, with participation from Stanford Blockchain Builder Fund, Symbolic, Volt Capital, Virtuals Protocol, etc. The company officially debuted at CSX Demo Day on June 3. PrismaX is committed to improving the diversity and authenticity of robot vision data through decentralized incentive mechanisms, and solving the long-standing problems of expensive data, poor quality and insufficient scalability in the field of physical AI. Its platform is built around three core pillars: data (incentive + verification), standardization of remote operations (teleoperation), and cooperation with AI teams to build robot models. At the same time, PrismaX plans to use the funds raised to expand the robot fleet, build a remote control platform and data collection portal.

Odaily News The concept of stablecoins in A-shares has been active repeatedly, with Chuangshi Technology rising by 20CM, followed by New Capital, Sifang Jingchuang, GD Yuntong, Hengbao Shares, and Beijing North. (Jinshi)

Odaily News Arthur Hayes, co-founder of BitMEX, published a new article that deeply analyzes the stablecoin market landscape. The article points out that the key to the success of stablecoins lies in the distribution channels, which are currently mainly achieved through crypto exchanges, social media platforms or traditional banks. Tether has become the world's leading stablecoin, especially in the global South market, thanks to its cooperation with Bitfinex and the trust it has established in Greater China; while Circle distributes USDC through cooperation with Coinbase, but its market share still lags behind Tether. Hayes warned investors that new entrants face severe challenges in the closure of distribution channels, and predicted that with the success of Circle's IPO, the stablecoin bubble will continue to expand, but will eventually burst on a project that separates "dumb money". He emphasized that although stablecoin issuers are profitable (mainly from government bond returns), investors should be wary of high valuation risks, especially those projects that claim to be able to cooperate with traditional banks but have no actual distribution channels.

Odaily News Market data showed that the Dow Jones Industrial Average closed up 0.77%, the S&P 500 rose 0.9%, and the Nasdaq rose 1.5% at the close of U.S. stocks on Monday. Nvidia (NVDA.O) rose 1.9%, and cryptocurrency stocks rose across the board, with Circle (CRCL.K) up 13.1% and Coinbase (COIN.O) up 7.77%.