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Odaily reported that the AI character economy platform Charms Interactive has announced the completion of a $1.5 million pre-seed financing round with participation from Lattice, JME, an exchange, Gidorah (Echo), and others. Charms has simultaneously launched the product Charms.ai, aiming to upgrade "AI characters" from application features to tradable, ownable, and sustainably operated on-chain economic assets. (Decrypt)

Drought in parts of the U.S. Great Plains is putting pressure on crops. According to the latest data released by the U.S. Department of Agriculture on Monday, the winter wheat good-to-excellent rating is 28%, down from 31% last week and much lower than 54% in the same period last year. Traders are also awaiting the U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report to be released on Tuesday to assess the extent of the weather's impact. A crop survey this week in Kansas is expected to report that hard red winter wheat has suffered from frost damage and drought stress. Soft red wheat futures once rose by 2.2%, while hard red winter wheat prices once increased by 2.6%.

"One concern is that the transfer of power from Starmer to any successor may proceed slowly. Starmer is holding out against calls for his resignation. Furthermore, bookmaker favorites to replace him, such as Greater Manchester Mayor Andy Burnham, may find it difficult to return to parliament. He stated that regardless of what happens, Labour Party policy will experience a period of uncertainty in the future. The British pound fell 0.5% to $1.3537. The euro rose 0.25% to £0.8676. Tradeweb data shows that the U.K. 10-year government bond yield increased by nearly 11 basis points to 5.104%."