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According to the FDIC’s quarterly assessment of 4,278 insured banks across the United States, the banking sector’s net profit rose by 3.6% quarter-on-quarter in the first quarter, reaching $80.5 billion. The total balance of loans and leases increased by 1.6% compared to the previous quarter and by 7.1% year-on-year, marking the fastest annual growth rate since the second quarter of 2023. The FDIC stated that the quarterly profit growth was mainly driven by non-interest income growth at large banks.

MarketVectorTM Digital Assets 100 Mid-Cap Index fell by 1.96% to 3,006.62 points. MarketVector Digital Assets 100 Index fell by 1.58% to 14,826.82 points. Currently, Solana is up 0.33%, Dogecoin is up 0.84%, and XRP is temporarily flat. Bitcoin fell by 1.12%, currently priced at $75,004.38, with a significant drop observed at 20:00 (GMT+8) and reaching a new daily low of $74,647.20 at 22:29 (GMT+8). Ethereum fell by 0.38%, currently at $2,062.24.

After Samsung Electronics achieved this feat in the past weeks, SK Hynix has also recently crossed this milestone, jointly driving a 2.3% surge in the MSCI Emerging Markets Index. In addition, TSMC's share price also rose. The index is dominated by Asian chip manufacturers, which are reaping comprehensive benefits from massive infrastructure investments supporting the artificial intelligence (AI) boom. Meanwhile, oil prices lingering around $100 per barrel continue to exert negative effects; exchange rates of Asian currencies, triggered by the oil crisis, have fallen to historic lows, seriously threatening the stability of relevant economies.