crypto

According to Cointelegraph, the joint law enforcement operation "Operation Atlantic" by the United States, the United Kingdom, and Canada was completed in March this year, led by the UK's National Crime Agency (NCA). Over $12 million in suspected fraud proceeds were frozen, and more than 20,000 victims were identified, with a total fraud amount exceeding $45 million.This operation focused on authorized phishing attacks—a scam technique that induces users to sign malicious authorizations, thereby allowing attackers to transfer tokens from the wallet. Binance participated by providing account screening and fraud intelligence support, but no funds were frozen from its platform.

Binance announced its participation in the international law enforcement operation "Operation Atlantic," led by the UK's National Crime Agency (NCA), in collaboration with multiple countries' law enforcement agencies to combat cryptocurrency and investment fraud, focusing on "approval phishing" scams.The operation was jointly initiated by the NCA, the U.S. Secret Service, and relevant law enforcement and regulatory agencies in Ontario, Canada, aiming to identify victims who have been compromised or are at risk. Approval phishing typically disguises itself as an investment opportunity, luring users into granting wallet access permissions, thereby transferring assets. During the operation, Binance's special investigation team provided on-site support in London, including fraud identification processes, risk screening, and intelligence analysis, and assisted in identifying potential victims and related malicious websites.At the same time, Binance also provided law enforcement agencies with addresses and suspect intelligence related to the case, supporting asset tracking and enforcement actions. The NCA stated that this operation has successfully protected thousands of potential victims in the UK and overseas. Binance emphasized that it will continue to cooperate with global law enforcement agencies to strengthen the fight against cryptocurrency fraud.

According to official social media news, the decentralized contract trading platform SunX will hold a themed live broadcast titled "Bull and Bear Divergence: TradFi is Hot, Should We Trade Cryptos or US Stocks?" today at 20:00 (UTC+8). At that time, crypto KOLs including Jack C., Sister Mao, DaDa, Shizi Yang|Golden.S, and Qiu Rong will attend to discuss the current divergence trends between the US stock market and the crypto market, the rotation logic of funds between traditional finance and crypto assets, as well as trading strategies and risk control in different market environments. They will also provide forward-looking assessments of potential opportunities and asset allocation paths for the future market.

Web3 asset data platform RootData released the fifth issue of the "Cryptocurrency Exchange Transparency Ranking (Stock Category)", continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this issue, Binance, OKX, Bybit, Gate, and Bitget ranked in the top five.According to the ranking, most cryptocurrency exchanges experienced a decline in trading volume of 10-20% over the past week, maintaining a downward trend for several consecutive weeks. In terms of traffic metrics, Gate's user visits surged from 1.8 million to 3.3 million this week, making it one of the exchanges with the most significant rebound in visits this period. Additionally, Ourbit and OrangeX also saw a substantial increase in traffic.In terms of rankings, Kranken rose one spot to seventh, Hotcoin fell to eighth, and XT.com entered the ranking at tenth, while the specific rankings of other exchanges remained unchanged. OKX is the only exchange among the top three to achieve positive growth in visits, reflecting the excellent results of OKX's market operation strategy this week.It is reported that RootData adheres to the principle of "transparency first" and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The ranking will continue to be improved and published in the future.

According to Politico, the cryptocurrency asset bill led by Senate Banking Committee Chairman Tim Scott is embroiled in controversy over the DeFi developer protection clause, making bipartisan consensus difficult to achieve.The controversial clause aims to exempt non-custodial software developers who do not control user funds from registering as money transmitters or complying with anti-money laundering requirements. Law enforcement agencies such as the National Sheriffs' Association and the National District Attorneys Association have sent letters to Congress warning that this clause would weaken the ability to combat financial crime; Senate Judiciary Committee Chairman Chuck Grassley has also expressed similar concerns.The cryptocurrency industry views this as the core of the bill, with DeFi Education Fund Executive Director Amanda Tuminelli explicitly stating that no modifications to the clause text will be accepted. Democratic Senators Catherine Cortez Masto and Mark Warner are pushing for amendments to the clause. If the two parties fail to reach a consensus, the bill may advance without Democratic support, affecting the bipartisan majority needed for a full Senate vote.

Brother Ma Ji, Huang Licheng, posted on platform X that after reading CZ's book, he did not feel excited but rather felt a chill down his spine.Brother Ma Ji stated, "Most people see this as an entrepreneurial story, but to me, it feels like a survival guide for cryptocurrency. In this field, merely following the trend is not enough. You must avoid risks, endure cycles, and overcome human nature."

According to monitoring by Hyperinsight, the largest short-selling institution for crude oil on the Hyperliquid platform, "Abraxas Capital," saw a significant recovery in its two addresses nearly a week after the ceasefire news, with funds rebounding over 12 million dollars. The "short oil long crypto" portfolio position successfully turned from a previous unrealized loss of 9.7 million dollars to a profit. As of the time of writing, the two addresses continue to synchronize profit-taking and reduce positions, with the current unrealized profit still reaching 8.7 million dollars.After this round of position reduction, the total position size still reaches 152 million dollars, of which the combined short positions in WTI and Brent crude oil amount to approximately 126 million dollars, and the total long positions in the crypto market amount to about 26.1 million dollars. The details of the crude oil short positions are as follows:BRENTOIL short position (5x leverage): size reduced from 92 million dollars to 78 million dollars, average price approximately 96 dollars;WTICRUDE short position (5x leverage): size reduced from 51 million dollars to 48.5 million dollars, average price approximately 95 dollars.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 13, down 5 points from yesterday. The average for the past 7 days is 12, and the average for the past 30 days is 13.

According to SoSoValue data, influenced by factors such as the resurgence of conflict in the Middle East, the cryptocurrency market briefly surged before falling back, once again showing a general downward trend. The RWA sector performed weakly, leading with a 4.18% drop in 24 hours, among which Pendle (PENDLE) fell 5.94% and Ondo Finance (ONDO) dropped 5.64%. Meanwhile, Bitcoin (BTC) decreased by 0.95%, falling below $71,000; Ethereum (ETH) dropped 2.72%, retreating to above $2,100.In other sectors, the CeFi sector fell 2.11% in 24 hours, but Bitget Token (BGB) rose 1.83%; the Layer1 sector decreased by 2.21%, with NEAR Protocol (NEAR) relatively strong, rising 1.93%; the Meme sector dropped 2.29%, while MemeCore (M) rose against the trend by 4.35%; the DeFi sector fell 2.61%, with Maple Finance (SYRUP) surging 8.18% during the day; the PayFi sector decreased by 2.80%, but Safe (SAFE) increased by 4.02%; the Layer2 sector dropped 3.49%, with Optimism (OP) down 5.51%.The cryptocurrency sector indices reflecting historical market trends show that the ssiNFT, ssiLayer1, and ssiDePIN indices fell by 4.31%, 3.64%, and 3.48%, respectively.

According to Bloomberg, Standard Chartered Bank plans to bring the client custody business of its Zodia Custody back under its Corporate and Investment Banking (CIB) digital assets division, with an announcement expected as early as this month. After the restructuring, Zodia will operate solely as an independent custody technology software as a service (SaaS) platform.Standard Chartered Bank established Zodia Custody in late 2020 in partnership with Northern Trust through its innovation division SC Ventures, subsequently attracting a few equity investors such as SBI Holdings, National Australia Bank, and Emirates NBD. It currently has about 150 employees across seven offices worldwide.

The U.S. Securities and Exchange Commission announced the appointment of David Woodcock as the new head of the enforcement division, succeeding the previous director who has stepped down.Woodcock previously served as the director of the SEC's Fort Worth office (2011--2015), overseeing enforcement attorneys, examiners, and accounting teams, and participated in investigations across nearly all major enforcement areas. Recently, he was a partner at the law firm Gibson Dunn. Notably, Woodcock does not have a clear background in the cryptocurrency industry, and this appointment comes at a time when the SEC is facing controversy over its enforcement direction in the crypto space. Previously, disagreements over case handling and enforcement standards led to a short tenure for the former director and drew congressional attention. SEC Chairman Paul Atkins stated that this appointment will help strengthen the crackdown on "misconduct that causes the greatest harm to investors."

According to Chainwire, Polymarket has announced the completion of its acquisition of the DeFi infrastructure company Brahma. Brahma was co-founded by Alessandro Tenconi, Akanshu Jain, and Bapireddy Karri, and its team will continue to play key roles in infrastructure, protocol design, and product integration.This integration aims to enhance the trading reliability, execution speed, and capital efficiency of the Polymarket platform, while lowering the entry barrier for new users and improving interoperability across blockchain networks.

According to Cointelegraph, the Thai Securities and Exchange Commission (Thai SEC) has proposed to include the funding providers behind the major shareholders of cryptocurrency businesses in the regulatory approval scope. Regardless of whether the support is provided directly or indirectly, they must undergo the same regulatory scrutiny as the shareholders.The proposal aims to curb hidden capital flows and prevent illegal funds from infiltrating cryptocurrency enterprises. The same rules apply to behaviors that provide funding support indirectly through equity acquisitions. The Thai SEC stated that "significant funding support" includes guarantees, contractual arrangements, or any investment instruments that effectively grant the fund provider the status of an investor; if the major shareholder is a government-related agency, only the entity-level shareholding situation will be reviewed.

According to CoinDesk, the Financial Services Commission of South Korea and the Financial Supervisory Service jointly issued new regulations requiring all domestic cryptocurrency exchanges to adopt a unified withdrawal delay review standard to curb voice phishing scams.The new regulations eliminate the authority of each exchange to set its own withdrawal exemption conditions, and reviews will be conducted uniformly based on standards such as account history, trading patterns, and behavioral anomalies. It is expected that less than 1% of users will qualify for instant withdrawals. Platforms must also enhance identity verification and fund flow monitoring.Previously, scam groups exploited the exemption rules of various platforms to guide victims to convert cash into cryptocurrency and complete withdrawals within minutes. This new regulation marks a shift in South Korea's cryptocurrency risk control system from industry self-regulation to a national unified standard.