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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.

The South Korean cryptocurrency exchange Upbit announced that due to the Injective (INJ) network upgrade, the deposit and withdrawal services for INJ will be suspended starting from June 4 at 19:00 Beijing time (20:00 Korean time) until the network stability confirmation is completed.The announcement indicates that this suspension only affects the deposit and withdrawal functions of INJ, while spot trading will continue as normal. Upbit reminds users that conducting on-chain transfers during the suspension period may lead to delays in arrival, and in extreme cases, there may even be a risk of irreversible loss.Upbit stated that it will maintain close cooperation with the Injective project team to ensure the safety of user assets and will issue a separate notice to resume deposit and withdrawal services once the network stabilizes.

According to official news, the Gate stock derivatives section will be launched on June 4 at 14:00 (UTC+8) with the first offerings of NOW (Now), CRM (Salesforce), ONDS (Ondas), LUNR (Intuitive Machines), RDW (Redwire), URNM (Sprott Uranium Miners ETF), XLE (S&P Energy Sector ETF), and ADBE (Adobe) perpetual contract trading (settled in USDT), supporting 1-20 times leverage.

According to The Defiant, Binance announced that it will officially stop centralized NFT market services starting from July 3, 2026, and all NFT functions will be migrated to the self-custody Binance Wallet.This move marks a near-complete retreat of NFT markets supported by centralized exchanges (CEX). Previously, platforms such as Coinbase NFT, Kraken NFT, Gemini Nifty Gateway, and X2Y2 have successively closed or transformed.Binance stated that this adjustment aims to provide users with a more seamless Web3 NFT experience. Users must withdraw transferable NFTs to Binance Wallet or other self-custody wallets by July 3 at 23:59 (UTC), and the platform will reimburse part of the withdrawal fees.

According to Cointelegraph, the transitional period for the EU's Markets in Crypto-Assets Regulation (MiCA) will end on July 1, 2026.The European Securities and Markets Authority (ESMA) stated that at that time, crypto asset service providers that have not obtained MiCA authorization, even if their applications are still under review, will not be allowed to continue providing services to EU customers and should initiate business winding down and customer migration arrangements.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

According to GlobeNewswire, global insurance and risk management giant WTW announced the acquisition of the digital asset insurance platform Redefind to strengthen its digital asset protection service layout.According to the disclosure, Redefind provides an end-to-end cryptocurrency and digital asset insurance access platform. WTW plans to first launch a non-custodial loss recovery insurance scheme in the UK to support forensic investigations, asset tracking, and legal recovery related costs for digital assets that are stolen or lost.

The cryptocurrency exchange Deepcoin announced that it has been approved for an official license as a Bitcoin Service Provider (BSP) issued by the Central Reserve Bank of El Salvador (Banco Central de Reserva), allowing it to provide regulated Bitcoin-related services under the local compliance framework, including Bitcoin custody, Bitcoin trading, and Bitcoin-related exchange services.El Salvador is the first country in the world to establish Bitcoin as legal tender. The BSP license issued by its central bank directly connects the dual currency system of the US dollar and Bitcoin, and adopts international banking-level high standards for review in international anti-money laundering (AML/CFT) and risk control frameworks. This endorsement by a sovereign nation's legal currency, combined with a very high technical threshold, gives the BSP license significant industry value.Previously, only a few global trading platforms, such as Binance and Bitfinex, had passed this rigorous compliance review. Deepcoin's successful approval means that its technical security and compliance governance have reached the standards of leading international platforms and have received the highest recognition from sovereign regulatory authorities.Having been deeply involved in the industry for many years, Deepcoin has always adhered to the principle of "compliance first." In the future, Deepcoin will strictly operate within the regulatory framework, accelerating the expansion into emerging global markets, and providing local and global users with safe, robust, transparent, and innovative trading services.

SlowMist has issued a security alert, detecting an active npm supply chain attack targeting @redhat-cloud-services related packages. Currently, over 31 packages have been confirmed affected, with a weekly download volume of approximately 116,000 times, and stolen credentials exist in more than 300 GitHub repositories. This attack method is highly similar to the previous "Shai-Hulud" npm attack, including credential theft, creation of malicious repositories, and automated secret leakage. New suspicious repositories continue to emerge, indicating that the attack is still ongoing, and developers are still being continuously infected.Potential harms include: theft of GitHub/npm tokens, leakage of AWS/GCP/Azure cloud credentials, collection of SSH keys and Kubernetes secrets, leakage of local environment and wallet data, creation of malicious repositories and persistence operations, and even potentially destructive actions after tokens are revoked. It is recommended to immediately remove or downgrade affected @redhat-cloud-services package versions, conduct a comprehensive audit of CI/CD workflows and dependency installations, rotate all GitHub, npm, cloud service, SSH, and wallet-related keys, retain logs, and rebuild exposed developer machines or Runners from clean images while maintaining a high level of vigilance.

According to Bits.media, the Central Bank of Brazil has tightened the licensing rules for virtual asset service providers, requiring them to undergo independent financial audits before obtaining operational licenses starting June 1. The auditing firms must not only examine the company's financial status but also review its compliance with anti-money laundering and counter-terrorism financing regulations, including whether the platform separates its own funds from customer assets, its risk management practices, and employee training. Auditors must be registered with the Brazilian Securities Commission. Cryptocurrency exchanges, brokerage firms, and custody services applying for a license for the first time must comply with these requirements from the start of the registration process, and companies that already hold licenses must also pass independent audits when renewing.Brazil first clarified in legislation in 2022 that virtual asset services are regulated by the central bank, establishing a category for licensed virtual asset service providers in November 2025. Additionally, Brazil recently imposed a complete ban on 28 betting and prediction market platforms, including Polymarket and Kalshi, on the grounds that they did not comply with local derivatives trading requirements. Starting October 1, Brazilian electronic foreign exchange providers will be prohibited from using cryptocurrencies for international remittances.

According to Bloomberg, Andrew Left, the founder of the well-known short-selling firm Citron Research, has been found guilty of manipulating stock prices using dishonest social media posts. After a three-week trial in Los Angeles, the jury ruled that Left was guilty on 13 out of 17 charges, including one count of securities fraud.Prosecutors accused Left of illegally influencing stock prices and profiting quickly from explosive tweets about dozens of companies between 2018 and 2023, earning over $20 million from it. Left stated in court that he would appeal, claiming the verdict is an attack on free speech and innocent trading behavior. He faces over 20 years in prison and will be sentenced on August 31. The case has drawn close attention from the short-selling industry, with a Yale professor stating that this ruling will have a chilling effect on short sellers.

According to Citywire, Jalina Kerr, head of advisor experience at Charles Schwab, stated that the company plans to launch cryptocurrency spot trading features for advisors on its custody platform by 2027. Progress is currently smooth, and the expected launch time may be closer to mid-year, although a specific date has not yet been determined. Charles Schwab has already introduced Bitcoin and Ethereum spot trading to retail clients this year.Kerr pointed out that digital assets are not uniformly regulated like other brokerage and securities products, and careful consideration is needed from fund deposits to withdrawals. She mentioned that advisors currently prefer to allocate crypto assets for clients through Charles Schwab's exchange-traded products, but interest in spot trading has recently increased. Charles Schwab's competitor, Fidelity, is currently offering cryptocurrency custody and trading solutions for wealth management managers.

The Tether AI research team announced the open-source release of the TurboQuant production version and its integration into the QVAC SDK 0.12.0.TurboQuant is based on a memory compression algorithm from Google Research, which can compress the KV cache of AI runtime by up to 5 times while maintaining output quality close to that of uncompressed models.This means that laptops, mobile phones, and edge devices can handle longer conversations, larger files, and more complex tasks without the need to upload data to the cloud.This open-source release includes a complete quantization pipeline, mainstream inference framework adapters, and developer documentation, aimed at developers and startups deploying AI on consumer-grade hardware, edge devices, and peer-to-peer networks.

According to Jinshi reports, U.S. software stocks continued to rise before the market opened, with ServiceNow (NOW.N) up 11% and Adobe (ADBE.O) up 5.7%.

According to hket, Hong Kong's Acting Secretary for Financial Services and the Treasury, Chen Haolian, stated that the authorities will submit legislative proposals to the Legislative Council within the year regarding the provision of virtual asset services and management, promoting the establishment of a comprehensive regulatory system covering trading, custody, advisory, and asset management, and implementing a mandatory licensing arrangement.The new framework will be advanced according to the principle of "same business, same risk, same rules," aligning with the current regulated activities under the Securities and Futures Ordinance, and will focus on strengthening private key management and client asset security requirements in virtual asset custody.The Hong Kong Securities and Futures Commission stated that the current applications for licenses related to virtual assets continue to increase, but licensing will adhere to the principle of "quality over quantity," balancing market capacity and quality.

Binance officially announced on the X platform that the Fully Paid Securities Lending (FPSL) service will officially open later on June 4, 2026. This service allows users to lend qualified securities assets that they fully own to market participants and earn additional income through lending.It is reported that FPSL is a common securities lending mechanism in traditional financial markets, typically facilitated by brokers or custodians, lending out securities held by investors that are not in use to institutions that need to short sell, arbitrage, or provide market making.

Binance officially announced on social media that the Fully Paid Securities Lending (FPSL) service will be officially launched on June 4, 2026. This service allows users to lend qualified securities assets that they fully own to market participants and earn additional income through lending.It is reported that FPSL is a common securities lending mechanism in traditional financial markets, usually facilitated by brokers or custodians, lending securities held by investors that are not in use to institutions that need to short sell, arbitrage, or provide market making.

According to the official announcement, the globally leading digital asset platform Gate has officially launched real stock trading services, allowing users to directly participate in the U.S. mainstream securities market for stocks and ETFs using USDT.Currently, Android users can experience the stock trading feature after updating the Gate App to the latest version, and iOS users can also use the related services after updating to version 8.21.5. Unlike the widely discussed stock tokenization and RWA mapping models in the current market, Gate's stock services do not involve on-chain mapped assets or tokenized derivatives. Instead, they connect directly to the real securities market through compliant brokers holding U.S. Broker-Dealer licenses and clearing qualifications, providing users with real stock trading services.The brokers partnered with Gate are also members of the Securities Investor Protection Corporation (SIPC) and can provide corresponding protection for customer securities assets under certain conditions. This model aims to enhance trading transparency, asset security, and investor protection mechanisms, and also reflects Gate's ongoing expansion in accessing traditional financial markets.