European crypto asset manager CoinShares records $7.4 billion AUM in first annual filing since Nasdaq listing

Strategy (MSTR) stock surged 9% as Bitcoin recovered to $78,000, tracking the cryptocurrency's broader rally driven by short liquidations and improved macro sentiment. MSTR trades as a leveraged Bitcoin proxy, holding 818,334 BTC worth approximately 3.9% of total supply. CEO Michael Saylor promoted STRC, Strategy's Bitcoin-backed preferred stock, which reached $8.5 billion notional value in under nine months, attracting major institutional interest including BlackRock.

Exodus (EXOD) secured an official UFC partnership launching June 1, positioning itself as the league's payments provider with branding across 700 million global fans. The crypto wallet-turned-money-platform simultaneously launched Exodus Pay, a self-custody stablecoin app enabling Visa spending and peer-to-peer transfers. The move targets crypto-curious consumers while establishing recurring revenue through stablecoin balances and card interchange.

OpenAI's GPT-5.5 reportedly demonstrates cyberattack capabilities matching Claude, according to an AI Security Institute report. This raises concerns about large language models' potential misuse for malicious purposes. While not directly crypto-related, AI security vulnerabilities affect blockchain projects relying on AI infrastructure. Indian crypto investors should monitor AI governance developments, as regulatory scrutiny on dual-use technologies may impact tech-sector exposure.