for

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.767 billion, with long positions totaling $2.349 billion, accounting for 49.28% of the holdings, and short positions totaling $2.418 billion, accounting for 50.72%. The profit and loss for long positions is $40.0662 million, while the profit and loss for short positions is -$96.3833 million.Among them, the whale address 0x0ddf..02 has shorted BTC with a full position at a price of $69,423.2, currently showing an unrealized profit and loss of -$6.2408 million.

Recently, the People's Procuratorate of Licang District, Qingdao City, Shandong Province, China, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting an acquaintance in registering a virtual currency wallet, and later transferred 107 BTC in multiple transactions, equivalent to over 50 million yuan at current market prices. Zhang argued that his actions were a "protective takeover," but the prosecution found that he transferred the stolen BTC through multiple trading platforms and exchanged it for over 660,000 yuan. The Licang District Court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan; the second instance upheld the original judgment.Reports indicate that the prosecutor handling the case strictly adhered to laws and judicial policies, and after in-depth analysis, concluded that although China's regulatory policies deny the legal currency status of virtual currencies, they do not negate their property attributes, nor do they prohibit citizens from legally holding and circulating them. Bitcoin requires investment in computing power, funds, and other costs to acquire, which gives it economic value; rights holders can achieve exclusive control and management through private keys and mnemonic phrases, aligning with the core characteristics of "property" in criminal law, making it a target for theft. In determining the amount, since virtual currencies have no official pricing, the Licang District Procuratorate discarded market price estimates and used the actual proceeds from the crime of over 660,000 yuan as the amount for theft, ensuring accurate conviction, appropriate sentencing, and unity of guilt and punishment.

According to Infobae, 10 judicial departments in Buenos Aires Province, Argentina coordinated a large-scale operation with security forces from various locations, which included 90 simultaneous raids. The operation resulted in the arrest of 24 individuals and the seizure of over 8 million USDT and nearly 60 million dollars in cash. Additionally, 80 mobile phones, computers, tablets, and processors were confiscated.The case investigates alleged investment fraud, which is believed to have caused losses of nearly 3 billion dollars. The coordination of this operation was handled by the Crypto Assets Assistance and Coordination Group of the Buenos Aires Attorney General's Office. According to the group's report, the seized amount exceeded the previous record held by this specialized group: during the RainbowEx operation in 2024, over 2 million dollars were seized.

The crypto sentiment platform Santiment published an analysis stating that the ratio of positive to negative comments about Ethereum has shifted from a strong FOMO sentiment in late April to a clear FUD sentiment now. Harvard University completely liquidated its $87 million Ethereum ETF one quarter after buying in; researchers from the Ethereum Foundation announced their resignations; and David Hoffman publicly stated his exit from the Ethereum project. The Santiment team interprets this trend as a mildly bullish signal, similar to the significant rise that followed the mid-2023 market sentiment low.Despite the panic sentiment, the number of non-bearish wallets for Ethereum remains as high as 192.92 million, more than three times Bitcoin's approximately 59 million. The activity in DeFi and staking trading surged at the beginning of the year and has since normalized, but the creation of new wallets continues to maintain a healthy growth rate. Fundamental data such as holders and activity do not support the claim that "the Ethereum network is dying." Additionally, the long-to-short ratio for Bitcoin has reached 2.23, the highest level since 2026. Previously, the highest daily long-to-short ratios often resulted in short-term price corrections, while extremely low short ratios indicate a local bottom. The current optimism stands in stark contrast to the outflow of short funds from ETFs, thus caution is warranted.

According to Cointelegraph, there is a clear divergence in the industry's views on the current trends in the cryptocurrency market. Economist Timothy Peterson stated that Bitcoin may slowly rise in the summer, expecting to reach a temporary peak by the end of July and perform relatively flat.

According to Viet Nam News, the Ministry of Finance of Vietnam proposed in the revised draft of the "Support Law for Small and Medium Enterprises" to allow small and medium enterprises to use digital assets, virtual assets, intellectual property, intangible assets, and future formed assets as collateral for bank loans, in order to improve the financing availability for private enterprises and technology startups.The draft also encourages credit institutions to issue loans more based on credit ratings, business plans, market expansion potential, and corporate cash flow, reducing reliance on traditional collateral such as real estate. The Ministry of Finance of Vietnam stated that this policy aims to unleash private economic resources and is consistent with Resolution No. 68 - NQ / TW.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.784 billion, with long positions totaling $2.35 billion, accounting for 49.12% of the holdings, and short positions totaling $2.434 billion, accounting for 50.88%. The profit and loss for long positions is $42.5695 million, while the profit and loss for short positions is -$10.6 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.5093, currently realizing an unrealized profit and loss of -$35.6841 million.

According to The Block, the U.S. SEC has filed a lawsuit in the federal court in Houston, accusing Nathan Fuller, a resident of Cypress, Texas, of operating a cryptocurrency scam project involving up to $12.3 million, which used fraudulent artificial intelligence trading bots to defraud investors.Nathan Fuller told investors that his proprietary AI-based bot could automatically scan cryptocurrency trading platforms, capturing small price gaps through high-frequency arbitrage, and promised returns of 40% to 50% within 30 to 45 days. Some investors were even told they could receive guaranteed returns of over 100% within 21 days.The SEC stated that Nathan Fuller, founder and sole member of Privvy Investments LLC, raised these funds from approximately 150 investors located in nine states and two foreign countries between October 2022 and mid-2024. He also conducted business under the alias "Gateway Digital Investments."It is alleged that only about 3% of the funds were actually used for cryptocurrency trading, while Fuller personally siphoned off at least $6.2 million and paid approximately $5.5 million to early investors in a manner similar to a Ponzi scheme.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0048%. Among the current mainstream exchanges, the funding rate for Binance is 0.0094%, OKX is 0.0049%, Bybit is 0.0095%, and Gate is -0.0007%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0034%. Among the current mainstream exchanges, the rate for Binance is 0.0044%, OKX is -0.0003%, Bybit is 0.0074%, and Gate is -0.0013%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0035%. Among the current mainstream exchanges, the rate on Binance is 0.0056%, OKX is 0.0042%, Bybit is 0.0061%, and Gate is -0.0029%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.002%. Among the current mainstream exchanges, the rate for Binance is 0.0062%, OKX is 0.0014%, Bybit is 0.0039%, and Gate is -0.0011%.

a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of the probabilities of future events. Unlike traditional polls, prediction markets have the ability to update in real-time and incentivize participants to bet their capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are used not only by companies for product launches and research experiment forecasts but also by the media as a source of "crowd wisdom," covering a wide range of events from geopolitical issues to AI model performance. Its core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements. However, prediction markets still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks.a16z believes that if these issues are resolved, prediction markets are expected to become important tools for decision-making and information aggregation, expanding financial and societal insights into future events.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.681 billion, with long positions totaling $2.305 billion, accounting for 49.23% of the holdings, and short positions totaling $2.376 billion, accounting for 50.77%. The profit and loss for long positions is $27.8603 million, while the profit and loss for short positions is -$99.3113 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.5093, currently showing an unrealized profit and loss of -$38.3613 million.

According to Xinhua News Agency, Salimi, a member of the Iranian Parliament's presidium, stated that Iran's plan to "exercise sovereign jurisdiction" over the Strait of Hormuz is about to be approved by the parliament and is expected to be passed in the form of permanent legislation.According to the Iranian Students' News Agency, Salimi said that only Iran and Oman have the right to make decisions regarding the management of the Strait of Hormuz. The Iranian side has communicated with Oman, and Oman has also expressed preliminary agreement, with the relevant plan expected to be finalized soon.

The Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai, where Cloud, the Chief Analyst of HTX Research, shared "New Trading Opportunities in the AI Era."He believes that AI is a huge gold mine waiting to be explored, and trading is the fastest and most efficient way to monetize AI. Ordinary traders face three major challenges: emotional interference, limited energy, and cognitive biases, which form the "impossible triangle" of trading. AI is the key to breaking this dilemma. AI can achieve objective and emotionless decision-making, large-scale parallel monitoring, surpass human pattern recognition capabilities, and multi-modal signal fusion, fundamentally reshaping trading decision logic.

The Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai, where early Bitcoin miner and pyra.io CTO Tian Jia shared the development of quantum computing and the impact of AI on trading.He believes that in the AI era, investors are more equitable in "gaining knowledge," such as establishing institutional-level trading frameworks. However, in "trading competition," it is less equitable, such as training institutional-level trading models. The real enhancement of fairness comes from AI lowering the cognitive threshold, while the true unfairness expands from the concentration of data, speed, capital, and platform manipulation capabilities.

According to Cointelegraph, the U.S. spot Bitcoin ETF has seen a net outflow of funds for 9 consecutive trading days, totaling approximately $2.84 billion, setting the longest consecutive decline record since the product's launch in 2024, and surpassing the consecutive outflow record from February 8, 2025. Among them, BlackRock's IBIT has become a major source of outflows.Analysis indicates that this round of capital outflow reflects a significant cooling of institutional demand for Bitcoin ETF exposure, while the market shows a trend of differentiation: ETFs related to Hyperliquid and some XRP spot ETFs still recorded inflows, while Ethereum spot ETFs have faced outflows for 13 consecutive days, with a total outflow of approximately $694 million, indicating that capital in crypto asset ETFs is being reallocated.

The RWA ecological platform XZ Navigator, which integrates outdoor experiences with digital assets, has officially launched on BNB Chain.According to reports, XZ Navigator targets global outdoor adventurers and high-net-worth individuals, aiming to tokenize real-world resources such as offline cultural tourism IP, event rights, and outdoor camps through digital means. Its core ecosystem mainly covers three major sectors: global outdoor route IP, elite social circles, and RWA digital asset empowerment.The official statement indicates that the platform's long-term goal is to create a global network covering 100 countries, 100 selected routes, and 1 million users. In addition, the XZ Token will serve as the core digital rights carrier within the ecosystem, supporting applications such as identity verification, event participation, rights circulation, community incentives, and ecological governance.

Zama's official response to Circle's freezing of the cUSDC contract event states that Circle's compliance system flagged a wallet belonging to an external depositor. Since this wallet holds funds in the cUSDC contract, the entire contract was automatically swept into a standard holding freeze. This is merely incidental damage and not a sanction against the Zama Protocol. The Zama legal team has intervened and is isolating the flagged address, and will restore access for all unaffected participants as soon as possible.