activities

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

British teenager Alexander Browder stated that he has been placed on a sanctions list by the Russian Ministry of Foreign Affairs and banned from entering the country for writing a report exposing a cryptocurrency money laundering network supported by Russia.The report indicates that countries such as Russia, Iran, and North Korea launder approximately $350 billion, with a ruble stablecoin named A7A5 being one of the main issues facing Western anti-money laundering efforts. The UK Foreign Office stated that Russia uses tokens like A7A5 to evade Western sanctions and fund its military. The UK government imposed sanctions on individuals related to this network in May, which transferred over $90 billion last year. Alexander Browder expressed pride in being the first high school student globally to be sanctioned by an authoritarian regime for exposing corruption.

According to the Korea Economic Daily, the National Police Agency of South Korea has formed a special task force to combat money laundering involving cryptocurrencies, led by the head of the Economic Crime Investigation Division, with participation from the Cyber Crime Investigation Division, Cyber Terrorism Response Division, Violent Crime Investigation Division, Drug Crime Investigation Division, and Criminal Intelligence Division. The police pointed out that Tether is being abused as an illegal money laundering tool, with unregistered virtual asset exchange operators spreading throughout Seoul.The police plan to treat money laundering as an independent crime and apply violations of the Specific Financial Information Act to unregistered virtual asset service providers. The police have also secured a budget of 100 million won for cryptocurrency tracking training. Previously, some bank accounts linked to domestic exchanges were suspected of being used as money laundering channels due to the removal of daily deposit limits (increased from 5 million won to 500 million won).

Upward Fusion (formerly Tiger Brokers) announced that on May 22, 2026, some of the company's subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC), indicating that the CSRC Beijing Regulatory Bureau has launched an investigation into their suspected illegal activities related to securities, funds, and futures business. It was found that these subsidiaries engaged in unlicensed cross-border securities business and illegal activities related to funds and futures in mainland China.According to the investigation results, the CSRC Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million yuan and confiscated illegal gains totaling approximately 103.1 million yuan. The company's director, CEO, and actual controller, Mr. Wu Tianhua, also received a warning and was fined 1.25 million yuan. As of the end of 2025, retail customer assets in mainland China accounted for approximately 10% of the company's total customer assets in the consolidated financial statements.

According to monitoring by Catcher Predict, in the event "What will Trump say during his bilateral activities with Xi Jinping?" on the prediction market Polymarket, the "Yes" option in the sub-market "My Friend" has experienced a dramatic fluctuation in winning probability, soaring from 28.5% an hour ago to the current 48% (a fluctuation of 19.5%). Please note the impact of related breaking news.

According to the official Stellar blog, the Stellar Development Foundation and the Bermuda government announced that Bermuda will migrate key payment and financial service activities to the Stellar network to advance its plan to build the world's first fully on-chain national economy. Local residents will be able to receive salaries, pay merchants and government fees, and hold and transfer digital assets through a Stellar-based digital wallet. Bermuda government agencies plan to pilot payments based on stablecoins, and financial institutions will have access to tokenized tools, with related assets also usable for government payment scenarios such as social welfare distribution. Officials stated that this move is expected to reduce the current card transaction fees for local merchants, which can be as high as 3% to 5% or even 10%, improve payment efficiency, and strengthen digital financial infrastructure.

Korean trader Definalist posted on social media that there are suspected wash trading activities during the listing process of WIF and VVV on Upbit. Several addresses funded by Upbit's hot wallet bought before WIF was listed on Upbit and quickly sold after the listing; similar operations also appeared with VVV.In addition, Definalist hinted that Upbit has been intensively testing STABLE tokens recently, and the suspected wash trading wallets also showed related buying activities.

SlowMist has issued a security warning stating that a high-risk phishing activity targeting TRON wallet users has been discovered. Attackers created a fake Chrome extension for the TronLink wallet, using Unicode bidirectional control characters and Cyrillic homographs to disguise the brand name. After installation, the extension loads a complete phishing page through a remote iframe, forming a "shell-core separation" credential theft chain.The malicious extension name uses homographs for disguise, and its Chrome Store page inherits the high user count and positive reviews of the real extension, lowering the review threshold. There is very little local code, only loading remote pages, making static analysis nearly impossible to detect malicious behavior. The remote phishing page perfectly replicates the official TronLink web wallet interface, stealing mnemonic phrases, private keys, Keystore files, and passwords, and relaying them in real-time via a Telegram Bot.Built-in anti-analysis features disable right-click, developer tools, drag-and-drop, and printing, and redirect based on the geographic and language settings of Russian users to evade detection. SlowMist recommends immediately uninstalling suspicious extensions, clearing local storage, checking for abnormal traffic, and if credentials have been entered, creating a new wallet and transferring assets immediately.

The New South Wales police in Australia seized 52.3 bitcoins, worth approximately 5.7 million AUD (about 4.1 million USD), during a 15-month investigation and arrested two suspects allegedly operating a dark web market in Ingleburn, Sydney.The police stated that the seized bitcoins are suspected to be related to illegal activities on the dark web associated with drug and weapon trafficking. This operation was carried out by the state crime command's cyber crime unit, Strike Force Andalusia, and is considered one of the largest cryptocurrency seizures related to the dark web in Australia. Meanwhile, AUSTRAC has recently strengthened its anti-money laundering regulations for domestic virtual asset service providers and cryptocurrency trading platforms.

The on-chain detective ZachXBT, who calls himself a "fraud fighter," is increasingly being pointed to by on-chain behavior analysis as having another identity: he is not a lone righteous messenger but more like a "public spokesperson" for a premeditated short-selling team. Multiple "preview-style revelations" have triggered sharp declines in token prices, with accusations of coordinated efforts involving pre-positioned short orders and precise timing.At the same time, ZachXBT himself is embroiled in serious controversy. In 2025, he received 50% of the supply of the meme coin ZACHXBT, inflated its market value to $88 million, and then withdrew nearly $4 million in liquidity, creating a "case investigation-style rug pull." Additionally, he has long accepted airdrops from project parties and rights protection coins without exception, cashing out every time; he earns over ten million dollars a year anonymously but has consistently refused to disclose his wallet and profit chain.An anonymous account questioned as a market manipulator is now turning around to "judge" the industry— is it a voice of justice, or is it creating a smokescreen for the next short-selling opportunity?

World Liberty Financial (WLFI) announced a defamation lawsuit against Sun Yuchen on platform X.WLFI alleges that Sun Yuchen, through his wholly-owned entity Blue Anthem, holds approximately 4 billion $WLFI tokens: when purchasing the tokens, Sun Yuchen was clearly aware that $WLFI tokens are non-transferable, signed a token unlocking agreement, committed not to short sell, and agreed that WLFI has the right to "decide to freeze any violating wallets."After WLFI executed a freeze on the relevant tokens based on the sales terms, Sun Yuchen did not seek a good faith resolution; instead, he initiated a coordinated smear campaign, spending money to hire influencers and deploy bots to spread false information to over 4 million followers, warning that if his demand for hundreds of millions of dollars was not met, the price of $WLFI tokens would "drop to the ground."WLFI stated that the aforementioned freezing function was clearly disclosed in the sales terms, the governance mechanism is transparent and community-driven, and they will pursue legal action against Sun Yuchen.

Lianlian Digital announced that it has successfully obtained a Money Services Business (MSB) license through the acquisition of an entity at the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), allowing it to conduct regulated activities such as foreign exchange, remittances, virtual currency, and payment services. The specific acquisition amount has not been disclosed.

Bybit's Security Operations Center has discovered a multi-stage malware attack targeting macOS users of the search AI development tool Claude Code.Attackers used search engine optimization poisoning to push malicious domains to the top of Google search results, luring users into a counterfeit installation page, thereby stealing browser credentials, macOS keychain, Telegram sessions, VPN configurations, and cryptocurrency wallet information. Bybit stated that the malware can also establish persistent access through backdoor programs and attempts to target over 250 browser wallet extensions and multiple desktop wallet applications. This malicious infrastructure was identified on March 12, and relevant analysis, mitigation, and detection measures were completed on the same day.

According to Theblock citing The Information, Polymarket has launched an audit targeting application startups that promise to help users track suspected insider trading activities.The report states that these copy trading applications provide customers with a list of traders on the Polymarket platform who have a good track record of profitability, or highlight some unusually large or oddly timed bets that may be based on confidential information. Customers can use bots to replicate these trades or receive notifications of seemingly good trades. These applications charge service fees.It is reported that Polymarket and its main competitor Kalshi have both been scrutinized for insider trading issues. Last month, Polymarket introduced clearer rules regarding insider trading and its enforcement.

According to monitoring by Hyperinsight, in the past half hour, a whale starting with 0x004 opened a BTC short position with 33 times leverage, at an average price of $70,745, with a size of 200 BTC, amounting to approximately $14.15 million, and the unrealized loss has reached 10%. This address just closed its previous BTC short position at breakeven this morning and immediately re-entered the market to short again, marking its fifth short position opened this month.Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8

According to CoinDesk, after selling 70% of its Bitcoin holdings, there are reports that the Kingdom of Bhutan may have stopped or slowed down its Bitcoin mining activities, in stark contrast to the actions of other major institutions and sovereign nations that are increasing their holdings in cryptocurrencies and gold (El Salvador's current Bitcoin holdings have exceeded 7,618 coins).It is reported that due to economic pressure, its hydropower is currently used more for selling electricity to neighboring India rather than for Bitcoin mining. Additionally, the decline in Bitcoin prices, the increase in network difficulty, and halving pressure are all squeezing the profit margins for mining.As of now, the national sovereign wealth fund managing Bhutan's Bitcoin assets, Druk Holding and Investments, has not publicly commented on the status of fund transfers or its mining operations.

Coin Bureau posted on platform X that X product head Nikita Bier stated that there is no technology that can solve the spam issue under cryptocurrency posts, as about 80% of the activity is driven by bots.

According to CNN, citing multiple sources, federal prosecutors in Manhattan, New York, are investigating whether some high-yield bets in prediction markets violate insider trading and other laws.According to insiders, the head of the Securities and Commodities Fraud Unit of the U.S. Attorney's Office for the Southern District of New York recently met with representatives from Polymarket to discuss how existing laws might apply to potential misconduct in this rapidly evolving industry. The U.S. Department of Justice is focusing on those high-profile high-yield bets, marking an escalation in regulatory scrutiny of the industry. Over the past year, the prediction market industry has rapidly expanded with relatively limited federal oversight.

According to market news, the security platform OX Security has disclosed that the developers of the AI agent project OpenClaw are becoming targets of cryptocurrency phishing activities.Attackers create fake GitHub accounts, initiate topics in repositories controlled by them, and @ dozens of developers, claiming they have won a $5000 CLAW token reward, leading them to a clone website that is almost identical to openclaw.ai. This phishing site includes a "Connect Wallet" button, aimed at stealing the assets of connected wallets. Malicious code is hidden in deeply obfuscated JavaScript files, featuring a "nuke" function that clears browser local storage data to hinder forensic analysis, and encodes information such as wallet addresses and transaction values to send back to the C2 server. Researchers identified a suspected cryptocurrency wallet address used to receive stolen funds. The related accounts were created last week and deleted within hours, with no confirmed victims at this time. OpenClaw has become a target for scammers due to its high visibility, and its Discord community has previously encountered a large amount of cryptocurrency spam. Earlier reports indicated that OpenClaw's founder warned to be cautious of cryptocurrency scam emails sent in the name of OpenClaw.