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According to Caixin, Xiao Rui, the son of former Wuhan Municipal Supervisory Commission member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong Regional Court found Xiao Rui guilty of four counts of "money laundering" and one count of "using a false document," with the judge set to announce the sentence on July 23.In 2014, Xiao Rui was approved to reside in Hong Kong. That same year, he used his HSBC account to purchase two funds from Sun Life Financial for HKD 10 million to meet the investment requirements of the aforementioned immigration plan. Between January 2016 and September 2017, Xiao Rui's Standard Chartered and DBS accounts received multiple remittances, totaling over HKD 54 million.Regarding the "money laundering" charges, Xiao Rui argued in court that the large sums involved were legitimate earnings from his mother's business, given to him for investment in Hong Kong, with some funds also coming from the sale of Bitcoin. Concerning the explanation about Bitcoin, the judge rejected his testimony as Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

According to Jinshi reports, Russian Foreign Minister Lavrov stated that the sanctions during the Biden administration have been extended, and new sanctions measures have been introduced. In addition, the United States is selling weapons to Europe for use in Ukraine.

On June 23, five Democratic senators from the U.S. Senate, including Elizabeth Warren and Richard Blumenthal, jointly sent a letter requesting multiple Senate committees to hold hearings immediately regarding the $500 million investment by UAE officials in the Trump family's cryptocurrency project WLFI, to investigate whether this investment influenced the Trump administration's subsequent policy decisions towards the UAE.According to the letter, an agent for a member of the Abu Dhabi royal family signed an agreement with the Trump family to acquire a 49% stake in WLFI for $500 million, with the agreement completed four days before Trump's inauguration. The foreign buyer prepaid $218 million to entities associated with the Trump family and Middle East chief diplomat Steve Witkoff. The deal was reportedly endorsed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan, and the senators described this move as "unprecedented in U.S. political history."More concerning is the policy direction following the completion of the deal. The letter lists a series of decisions made by the Trump administration within months of the agreement that were clearly favorable to the UAE: approval of $1.4 billion in arms sales to the UAE; the Treasury Department establishing a "known investor pilot" program, which opened the green light for a fast-track approval process for the UAE that had long been lobbied for by CFIUS; and the Commerce Department lifting chip export restrictions from the Biden era, authorizing UAE AI company G42 to acquire 35,000 Nvidia Blackwell chips, with a transaction amount exceeding $1 billion. However, U.S. intelligence officials reportedly found that G42 had provided U.S. technology that could enhance missile capabilities to China.The senators demanded that Trump administration officials "explain under oath when they became aware of the payments to the president and his chief regional diplomat's family," and provide clarification on how to restore public trust. Currently, neither WLFI nor the UAE government has responded to this matter.

According to CoinDesk, CryptoQuant data shows that the recent selling activity of "OG" investors holding Bitcoin for over five years has significantly slowed down, with their 90-day average selling amount dropping to 962 BTC, the lowest level since November 2024. Analysts point out that during the bull market cycle that began in early 2023, OG investors sold the largest amount of Bitcoin in history, especially during multiple sell-off peaks in May 2024, February 2025, and September 2025 when prices soared, with single-day sales exceeding 142,000 BTC. The current trading price of Bitcoin is around $63,000, close to the breakeven point for this group of OG investors who purchased five years ago, and their choice to continue holding rather than selling has effectively alleviated market selling pressure. The outflow rate of spot ETFs has also slowed down over the past two weeks, further confirming that selling pressure is decreasing.

According to SoSoValue data, the cryptocurrency market continues to decline, with the previously strong SocialFi sector dropping 5.21% in 24 hours. Within the sector, Gram (GRAM) fell by 7.78%; the AI sector decreased by 5.07%, with Venice Token (VVV) and Worldcoin (WLD) dropping 10.9% and 13.41% respectively. Meanwhile, Bitcoin (BTC) fell by 1.52%, dropping below $63,000; Ethereum (ETH) decreased by 2.74%, falling below $1,700. However, the NFT sector rose against the trend by 8.62%, with Audiera (BEAT) surging by 40.86%. In other sectors, the CeFi sector fell by 1.42%, but Aster (ASTER) rose by 1.43%; the PayFi sector decreased by 1.62%, with Dash (DASH) remaining relatively strong, increasing by 5.2%; the Layer1 sector dropped by 1.9%, with Zcash (ZEC) falling by 6.49%; the Layer2 sector decreased by 2.14%, while Stacks (STX) rose by 2.39%; the Meme sector fell by 2.58%, with Binance Life slightly climbing by 1.03%; the DeFi sector dropped by 4.79%, with LAB (LAB), which had previously seen significant gains, falling by 17.49%.

CryptoQuant analyst DarkFost stated that data shows significant transfers and potential selling behavior among long-term holders (OG) who have held Bitcoin for over 5 years during this cycle. The 90-day average of STXO (Spent Transaction Output) reached peak levels in May 2024, February 2025, and September 2025. Currently, this indicator has dropped to 962 BTC, the lowest level since November 2024, indicating that this group of investors is more inclined to continue holding at the current price range, and the market's selling pressure has eased.

According to reports from Blue Whale Technology, the next-generation Doubao AI phone, jointly promoted by ZTE and ByteDance, may be delayed from its originally expected release in the second quarter due to issues with the filing and certification process. Sources reveal that the phone needs to pass both the large model filing with the Cyberspace Administration and the network access certification with the Ministry of Industry and Information Technology; currently, the product is still in the second application filing stage. If the approval goes smoothly, the new device is expected to be launched as early as July to August this year.In terms of the supply chain, the screen supplier for the next-generation Doubao phone has been changed from Shentianma to BOE, the battery will use Desay battery and ATL cells, and the manufacturing will be handled by Zhongnuo Communications, a subsidiary of Furui Electronics. Additionally, reports indicate that this product mainly adopts a technical route that deeply integrates large models into the underlying operating system, but it currently faces ecological barriers due to the lack of data access permissions from leading platforms like Tencent and Alibaba when implementing system-level agent cross-application calls.

According to OnchainLens monitoring, a certain whale has started selling Ethereum after being silent for seven years. Currently, this whale has sold 1,100 ETH, making a profit of 1.9 million dollars, with a total profit of 41 million dollars from ETH. This whale initially purchased 27,586.48 ETH for 5.72 million dollars and still holds 26,486.48 ETH, worth 44.86 million dollars.

According to Jinshi reports, major European stock indices opened lower, with the Euro Stoxx 50 index dropping over 1%, the German DAX index falling by 1.2%, and the UK FTSE 100 index decreasing by 0.67%.

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

According to Gate market data, the Euro Stoxx 50 index futures, German DAX index futures, and UK FTSE index futures all fell over 1%; the Nasdaq 100 index futures' decline widened to 1.8%, the S&P 500 index futures fell nearly 1%, and the Dow futures dropped 0.34%.

Glassnode stated that the Altcoin Cycle Signal has re-entered the "Altcoin Season" range. Typically, Altcoin Season means that altcoins rise while Bitcoin remains strong, but this time the situation is different. After nearly two years of continuous selling, the selling pressure in the altcoin market is gradually diminishing, while Bitcoin has experienced a significant pullback. Currently, the return of this signal to the Altcoin Season range is primarily driven by Bitcoin's weakness, rather than a comprehensive strength in altcoins.

CryptoQuant analyst Darkfost pointed out that Bitcoin has fallen over 28% since May, testing the $60,000 mark again, with the Fear and Greed Index dropping below 10. Short-term holders (STH) have suffered the greatest impact during this adjustment, reacting most intensely, with inflows to Binance exceeding 80,000 BTC in 7 days, equivalent to about $5 billion in selling pressure. This figure is second only to the historical record in February (when inflows exceeded 100,000 BTC). Darkfost stated that short-term holders are highly sensitive to market fluctuations, and every fluctuation can easily trigger emotional decisions.

According to the "Мошеловка" platform, scammers impersonate authorized brokers of the Moscow Exchange through social media, luring users to click phishing links under the pretext of "testing cryptocurrency trading channels," resulting in theft of funds and information. The Moscow Exchange emphasizes that all official trading must be conducted through licensed brokers, and there are no exclusive cryptocurrency purchasing channels for ordinary users.According to data from the Russian IT company "Shard," in 2025, Russian users are expected to lose approximately 234 million rubles due to cryptocurrency phishing, accounting for 62% of the total losses in cryptocurrency assets that year.

The WeChat public account of the Chinese prosecutor published an article titled "Research on Foreign-Related Cases | Key Points for Cross-Border Electronic Evidence Collection in Virtual Currency Money Laundering Crimes," which pointed out that when handling virtual currency money laundering cases, one should use the virtual currency wallet address as a breakthrough point, apply blockchain technology to analyze on-chain data characteristics and the flow of funds, and identify money laundering activities conducted through virtual currencies to achieve precise strikes.The article proposed that the evidence collection model should be built around two core proof elements: identity relevance and transaction relevance, establishing a "domestic evidence collection as the basis, cross-border evidence collection as a supplement" approach, and standardizing the applicable boundaries of unilateral evidence collection and bilateral judicial assistance to enhance the efficiency of cross-border evidence collection.For third-party entities such as exchanges, wallet service providers, and payment channels, the article suggested establishing "elemental" retrieval standards, focusing on obtaining KYC information and change records, login logs, device and IP information, two-factor authentication records, deposit and withdrawal records, on-chain addresses, transaction hashes, as well as risk control and freezing records, to establish the relationship of "address---account---natural person."

CryptoQuant analyst Crazzyblockk stated that the data shows that Binance's Bitcoin perpetual contract funding rate is about 370 basis points lower than the median of three exchanges, sitting at approximately 2.8%, which is a low range since 2021, indicating that the bearish pricing in the Binance market is significantly strong.

The Microsoft Security Blog reported that the Microsoft security research team discovered a new type of cryptocurrency stealing Trojan named Crypto Clipper. This malware has been active since February 2026, primarily spreading through USB devices that infect Windows users with malicious .lnk shortcuts. Crypto Clipper has a built-in Tor client that connects to .onion hidden services via a local SOCKS5 proxy, enabling covert C2 communication. Its main functions include high-frequency monitoring of the clipboard, stealing mnemonic phrases and private keys, replacing cryptocurrency transfer addresses, capturing screenshots and uploading them, as well as receiving remote code execution commands.Microsoft stated that this malware has worm propagation capabilities, automatically hiding original documents on USB drives and generating malicious shortcuts with the same name, while also creating scheduled tasks for persistent control. Researchers detected it as Trojan:Win32/CryptoBandits.A and recommended that users disable autorun for removable devices, restrict script interpreter execution permissions, and closely monitor localhost:9050 Tor proxy traffic and abnormal clipboard access behaviors.

Bloomberg ETF analyst James Seyffart stated on platform X that Morgan Stanley has submitted its second amended filing for its Ethereum and Solana ETFs to the U.S. SEC.