Odaily Planet Daily reports that Bitwise Chief Investment Officer Matt Hougan pointed out in a recent client memo that there is a significant gap between investors' understanding of cryptocurrencies and the actual activities of financial institutions. He believes that due to anchoring bias, many investors remain stuck in outdated concepts and fail to recognize the accelerating shift of financial markets towards on-chain infrastructure. Hougan cited tokenization projects from institutions such as BlackRock, Apollo, and JPMorgan, emphasizing the massive size of traditional financial markets (ETFs approximately $30 trillion, stocks approximately $110 trillion), while tokenized assets currently represent only about $20 billion, indicating huge growth potential. He stated that this disconnect between perception and actual development may create opportunities for forward-thinking investors. (The Block)

According to Odaily Planet Daily, a hearing on "applicable legal issues" in the 60,000 Bitcoin money laundering case will be held in July. Chinese victims intending to pursue recovery proceedings in the UK must provide detailed financial information by June 18, 2026, after completing initial registration. This information includes the total investment, losses, and evidence of any compensation received. This hearing is crucial for the disposal of the 60,000 Bitcoin assets. Under Chinese law, the relationship between the victims and Blue Sky Green is one of creditor and debtor, meaning the victims can only recover their principal at most. Under UK law, the victims have a proprietary interest in the Bitcoin, and the increased value of the losses may also be recoverable. (Caixin.com)

According to the latest news from the Shanghai Branch of the Agricultural Development Bank of China (ADBC), in order to actively respond to national policy decisions, support the development of the digital yuan, and enhance customer service capabilities, the bank launched digital yuan-related services for corporate clients starting February 25th. Regarding the business positioning, the ADBC Shanghai Branch stated that its digital yuan business follows the "two-tier architecture" operating model of the People's Bank of China, providing digital yuan circulation services to customers. Business operations strictly comply with the People's Bank of China's regulations on RMB corporate bank settlement accounts and anti-money laundering and counter-terrorism financing, ensuring fund security and compliant operation. (Jinshi)

Odaily Planet Daily reports that Circle, a US-listed company, released its fiscal year 2025 earnings report, disclosing that the circulating supply of USDC as of the end of 2025 was $75.3 billion, a 72% increase; the on-chain transaction volume of USDC in the fourth quarter of 2025 was $11.9 trillion, a 247% increase; and total revenue and reserve income for fiscal year 2025 were $2.7 billion, a 64% increase. Circle also stated that its net loss from continuing operations reached $70 million, primarily due to $424 million in equity incentive expenses related to its initial public offering (IPO), compared to a net profit of $157 million from continuing operations in fiscal year 2024. Furthermore, Circle announced that 55 financial institutions have registered for its Circle Payments Network (CPN), with another 74 financial institutions undergoing qualification review; the Arc public testnet has been launched, attracting over 100 participants. (Businesswire)

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company Hut 8 released its full-year 2025 financial results, disclosing that it earned $9.6 million in revenue from custody services in fiscal year 2025, held approximately $1.4 billion in cash and Bitcoin reserves as of December 31, 2025, launched a $1 billion ATM funding plan, and entered into revolving credit agreements with Two Prime and Coinbase, with a maximum borrowing limit of $400 million. Hut 8 stated that its revenue for the twelve months ending December 31, 2025, reached $235.1 million, compared to $162.4 million in the same period last year; its net loss was $248 million, compared to a net profit of $331.4 million in the same period last year. (PRNewswire)