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According to the "Procuratorial Daily," Lin, Zeng, and Dai conspired to use virtual currency trading as a pretext. During the trading process, they secretly filmed the victim's digital wallet private key and, after the virtual currency was credited, secretly logged into the victim's wallet to reverse the transaction, transferring the related virtual currency back to their controlled accounts. The three committed the crime three times, causing the victim a total economic loss of 660,000 yuan.The first-instance court held that in the absence of a clear judicial interpretation regarding the valuation method of virtual currency and sentencing standards, it was inappropriate to directly determine the amount involved as particularly huge based on the victim's purchase amount of 660,000 yuan. Therefore, they sentenced the three based on "other serious circumstances," imposing prison terms ranging from eight years to five years and six months, along with fines. The Hanyang District Procuratorate of Wuhan City in Hubei Province subsequently filed an appeal, which was supported by the Wuhan City Procuratorate.The prosecution argued that the first-instance court applied the law incorrectly and imposed an excessively light sentence. Prosecutor Dai Wentao of the Wuhan City Procuratorate stated that in the case where the victim had a clear loss amount to refer to, it was contradictory and legally erroneous to claim that the value of virtual currency could not be determined. In judicial practice, using the resale price and transaction price as the basis for determining the amount of theft has become mainstream, and determining the value of virtual currency based on the actual cost paid by the victim has factual, legal, and practical basis.The Intermediate Court of Wuhan accepted the prosecution's opinion in the second instance, revoked the corresponding content of the original judgment, and changed the determination of the theft amount to particularly huge. It sentenced the principal offender Lin to ten years and six months in prison for theft, and sentenced the accomplices Zeng and Dai to eight years in prison each, along with fines.

According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

The prediction market platform Polymarket has disclosed that it has completed its first institutional-level on-chain block trade, a six-figure dollar transaction executed by digital asset broker FalconX and AI risk clearing infrastructure startup Anera Labs on the Polygon blockchain. The transaction involved contracts related to the Ornn Compute Price Index, which is used to track the rental prices of NVIDIA H100 GPU chips.Polymarket stated that this is the first on-chain block trade involving institutional participation in the prediction market space. In the future, FalconX will also serve as the exclusive market maker for block trades on the Polymarket platform to support the liquidity needs and price discovery for institutional clients.

According to Cointelegraph, Santiment data shows that as Bitcoin fell to $70,011, the activity of Bitcoin whale clusters reached its highest level in six weeks, with transaction volumes over $100,000 setting a record high since April 22.

According to the "Financial Stability Review" published by the Central Bank of Russia, Russian private investors currently hold approximately 3.8 billion rubles in cryptocurrency-linked financial instruments, which is nearly unchanged from 3.7 billion rubles six months ago, indicating a stagnation in market interest. Among them, 1.7 billion rubles have flowed into crypto-linked corporate bonds, with 5,600 investors holding a total of 1.7 billion rubles in crypto futures positions, and about 3,800 people investing 354 million rubles in digital financial assets linked to Bitcoin and Ethereum. The main issuers are large banks such as Sber and VTB.At the same time, the Moscow Exchange has successively launched Bitcoin and Ethereum futures and related ETFs, and will add Solana, Ripple, and Tron futures varieties in May 2026.

According to monitoring by Lookonchain, a whale that bought 348,007 HYPE for $38.56 (totaling $13.42 million) six months ago has started to take profits.Three hours ago, the whale sold 134,868 HYPE through Flowdesk (totaling $9.92 million) and still holds 213,139 HYPE (totaling $15.69 million), with a total profit of $12.19 million.

SpaceX CEO Elon Musk stated on Thursday that SpaceX has only agreed to lease the Colossus AI training data center cluster to Anthropic for six months, but he added that the agreement "has the potential" to be extended for several years. "SpaceX has not committed to leasing Colossus for many years, although that could indeed happen."Earlier this year, SpaceX reached an agreement with Anthropic, which pays $1.25 billion per month to use the computing power of the Colossus and Colossus II data center clusters located in Memphis, Tennessee, with the agreement valid until May 2029. SpaceX stated in regulatory filings last week that either party could terminate the agreement with 90 days' notice. The document did not mention the six-month lease agreement.Musk stated that the agreement is a 180-day lease contract, after which either party can terminate with 90 days' notice, "We won't put them in a bind and will provide a reasonable exit plan, but if computing resources become extremely tight, I have indicated that we may need to reclaim those resources at some point."According to SpaceX's IPO filing, the company's AI business unit generated $818 million in revenue for the quarter ending in March, with an operating loss of approximately $2.5 billion.

BNB Chain today announced the launch of the Agent Survival Toolkit, in collaboration with six major AI infrastructure partners, empowering autonomous AI Agents with on-chain payment capabilities. All transactions are settled on BSC using BNB or BEP-20 tokens.The projects involved cover two levels: LLM access and financial infrastructure, including Alt AI, Pieverse, Bankr, WorldClaw, B.AI, and AEON, fully connecting the complete loop from AI Agent computing power invocation to on-chain settlement. Each participating project will also launch an on-chain incentive program without the need for additional registration.The Agent Survival Toolkit follows the release of the BNBAgent SDK, further enhancing BNB Chain's infrastructure layout in the AI Agent field. For more information, please visit www.bnbchain.org.Disclaimer: BNB Chain has no subordinate or operational relationship with any of the projects mentioned in this article. The Agent Survival Toolkit is an ecological plan showcasing independently built projects on BNB Chain. This content is for reference only and does not constitute any financial or investment advice. Please conduct independent research and assess potential risks before interacting with any related projects.

JUST's sixth anniversary × GasFree Super Carnival Month continues to ramp up. From May 25 to 31, users who create or log in to a GasFree wallet address using designated wallets (TronLink Wallet, Klever Wallet, Guarda Wallet, NOW Wallet) and transfer USDT to the GasFree address using GasFree for USDT transfers can participate in the distribution of a 10,000 USDT prize pool.The more transfers made, the higher the ranking, and the greater the chance to enjoy fee reimbursement, with a maximum refund of 66 USDT per address. Users who first use GasFree during the event and successfully qualify for reimbursement will also receive an additional 20 USDT egg reward.At the same time, the first round of GasFree's "6" Koi activity has started (May 25, 18:00 --- May 26, 18:00 SGT). Users who hit lucky numbers such as 6, 66, 166 in the transfer ranking can receive 20 USDT, and the event will continue until May 29. In addition, by following @DeFi_JUST and participating in retweet interactions, 10 users will be randomly selected to share an additional benefit of 200 USDT. Create or log in to your GasFree wallet now, start your 0 Gas fee transfer journey, and win multiple surprise rewards.

According to SoSoValue data, last week's trading days (Eastern Time May 11 to May 15) saw a net outflow of $1.039 billion from Bitcoin spot ETFs.The Bitcoin spot ETF with the highest net outflow last week was the Ark & 21Shares ETF ARKB, with a weekly net outflow of $324 million, and the historical total net inflow for ARKB currently stands at $1.39 billion. Following that is the BlackRock ETF IBIT, with a weekly net outflow of $317 million, and the historical total net inflow for IBIT currently stands at $65.78 billion.The Bitcoin spot ETF with the highest net inflow last week was the Grayscale Bitcoin Trust BTC, with a weekly net inflow of $12.604 million, and the historical total net inflow for BTC currently stands at $2.3 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $104.29 billion, with an ETF net asset ratio (market value relative to Bitcoin's total market value) of 6.58%, and the historical cumulative net inflow has reached $58.34 billion.

Bain Capital announced that its sixth Asian fund has completed its final fundraising, with a total size of $10.5 billion, of which approximately $9.1 billion comes from external investors, exceeding the previous fundraising target of $7 billion.Yuji Sugimoto, a partner at Bain Capital and head of the Asian private equity business, stated that they remain optimistic about the vast opportunities in the Asian market and will increase investment in talent development, technology empowerment, and comprehensive platform capability upgrades to achieve business scale development at a steady and prudent pace. Currently, Bain Capital is focusing on sectors such as technology, industrial, consumer, healthcare, and commercial and financial services.

JUST's sixth anniversary × GasFree Super Carnival Month event will officially launch tomorrow (May 18) at 17:00 (SGT). At that time, a prize pool totaling 10,000 USDT will be fully opened, including five series of activities. Users can participate in the event while experiencing the "0" Gas transfer function. This event combines zero fees with rewards for the anniversary celebration, reminding interested users to pay attention to the time point of 17:00 (SGT) tomorrow to participate in the sharing of the 10,000 USDT prize pool.

According to Coinshares data, digital asset investment products saw a net inflow of $857.9 million last week, marking the sixth consecutive week of positive inflows.Driven by favorable factors such as the CLARITY Act's stablecoin yield compromise, Bitcoin broke through $80,000 mid-week, and total assets under management (AuM) rose to $160 billion. In terms of asset performance, Bitcoin led with an inflow of $706.1 million. The participation of altcoins significantly expanded, with Ethereum, Solana, and XRP seeing inflows of $77.1 million, $47.6 million, and $39.6 million, respectively.

According to Cointelegraph, the U.S. spot Bitcoin ETF has recorded six consecutive weeks of net inflows, marking the longest consecutive record since August 2025. This round of inflows has continued from the week of April 2 to this Friday, totaling $3.4 billion. The week of April 17 saw the strongest inflow at $996 million, while the most recent week had an inflow of $623 million, and the week of April 2 had the lowest inflow of only $22.34 million.The last longer consecutive record was a seven-week continuous inflow from June 13 to July 18, 2025, totaling approximately $7.57 billion. Notably, there was a pullback in the latter half of this week, with outflows of $278 million and $146 million on Thursday and Friday, respectively, after strong inflows of $532 million and $467 million on Monday and Tuesday. Regarding Ethereum ETFs, as of the week of May 8, there was a return to net inflows of $70.49 million, reversing the previous week's net outflow of $82.47 million.

Former Singapore Navy personnel Zhang Rongxuan (35 years old, phonetic) was sentenced to six years and ten months in prison after stealing 1.7 million Tether (nearly 2.3 million Singapore dollars) from a friend's cold wallet, which he spent on luxury watches, gambling, and paying off a mortgage.It is reported that Zhang Rongxuan was a member of the Naval Diving Unit at the time of the incident, holding the rank of captain. After getting to know the victim, he also co-managed a non-fungible token trading platform with friends, which is affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang Rongxuan admitted that he committed the crime due to suffering significant losses from the collapse of the FTX exchange.

According to Jinshi reports, the S&P 500 Index and the Nasdaq Composite Index have risen for the sixth consecutive week, marking the longest winning streak since October 2024.

According to Crowdfund Insider, Swiss financial market infrastructure provider SIX has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to directly integrate its digital central securities depository (CSD, formerly operated by SIX Digital Exchange AG) into the existing SIX SIS AG division. At the same time, FINMA has authorized SIX to provide cryptocurrency custody services through the merged central securities depository.Previously, SIX maintained separate infrastructures for traditional markets and blockchain-based assets for many years. This integration eliminates that boundary, creating a single platform to support end-to-end post-trade operations across asset classes. Financial institutions can manage cryptocurrency custody using the same security framework as traditional instruments like stocks and bonds under the FINMA regulatory framework.Rafael Moral Santiago, Head of Securities Services and Executive Committee Member at SIX, stated that the goal is to provide financial institutions with a single secure entry point into digital assets, combining innovation with the stability of existing systems. This initiative is part of SIX's long-term plan to build a comprehensive post-trade solution across Europe by 2030.SIX is headquartered in Switzerland and is owned by approximately 120 financial institutions, with operations covering exchanges, post-trade services, financial information, and payment infrastructure.