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pol

PoL (Proof of Liquidity) is a consensus mechanism designed to validate transactions through the provision of liquidity. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS), PoL rewards participants with block rewards for providing liquidity. This mechanism is commonly used in decentralized exchanges (DEX) or liquidity pools to incentivize users to provide liquidity, thereby enhancing market efficiency and stability. The advantage of PoL lies in its ability to encourage more liquidity providers to participate, strengthening market depth and trading liquidity.
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The central bank held the monetary policy regular meeting for the second quarter of 2026, emphasizing the continued implementation of a moderately loose monetary policy

According to news from the People's Bank of China on July 8, the central bank's Monetary Policy Committee held its 113th regular meeting for the second quarter of 2026 on July 4. The meeting pointed out that since the beginning of this year, monetary policy has remained moderately accommodative, the cost of social financing is at a historically low level, and the supply and demand in the foreign exchange market are basically balanced. In the face of the current complex and changing external environment, as well as domestic challenges such as strong supply and weak demand and structural differentiation, the overall operation of our economy is stable and moving towards improvement.The meeting emphasized that in the next stage, it will continue to implement a moderately accommodative monetary policy, increase counter-cyclical and cross-cyclical adjustments, strengthen the coordination of monetary and fiscal policies, and promote stable economic growth and a reasonable rebound in prices. At the same time, the meeting clearly stated the need to maintain ample liquidity and promote the low-level operation of comprehensive social financing costs; assess the operation of the bond market from a macro-prudential perspective, and pay attention to changes in long-term yields; maintain basic stability of the RMB exchange rate at a reasonable and balanced level. In addition, the central bank will continue to optimize various structural monetary policy tools, solidly implement the "five major tasks" of finance, and increase financial support for key areas such as expanding domestic demand, technological innovation, small and micro enterprises, and the private economy.

Vietnamese police report on the progress of the ONUS cryptocurrency fraud case: over 350 kilograms of gold and silver have been seized and more than 300 bank accounts frozen

According to Vietnam's Youth Newspaper, the Ministry of Public Security of Vietnam recently held a press conference to report the latest investigation results of the ONUS cryptocurrency platform fraud case. More than 350 kilograms of gold and silver have been seized, transactions involving 8 properties valued at 20 trillion Vietnamese dong have been frozen, and transactions of over 300 involved bank accounts have been suspended.On March 23 of this year, the police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit property appropriation and money laundering. Since 2018, the individuals involved have taken advantage of the public's lack of understanding of cryptocurrency, creating digital accounts through applications and packaging them as virtual currency. They established trust and attracted investment through circular buying and selling among affiliated companies, thereby committing fund appropriation, with a total sale of cryptocurrency valued at over 70 trillion Vietnamese dong from 2018 to 2021.The case involves numerous individuals and users, with approximately 5 million user accounts opened. The police have received over 2000 reports from citizens. The public security authorities are investigating the possible accomplice responsibilities of KOLs and other internet celebrities and continue to make every effort to recover the embezzled funds.
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