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BTC $75,987.22 -2.01%
ETH $2,070.41 -2.70%
BNB $655.64 -0.86%
XRP $1.33 -1.95%
SOL $83.72 -2.65%
TRX $0.3741 +0.42%
DOGE $0.1010 -1.99%
ADA $0.2403 -2.52%
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LINK $9.41 -1.92%
HYPE $61.35 -0.86%
AAVE $86.15 -0.93%
SUI $1.01 -4.23%
XLM $0.1475 -2.18%
ZEC $591.51 -11.25%

investor

The Australian Securities and Investments Commission warns about scams from fake cryptocurrency trading platforms, with young investors being the main target

According to FinanceFeeds, the Australian Securities and Investments Commission (ASIC) has issued a warning that scammers are defrauding retail investors through messaging apps like WhatsApp and fake cryptocurrency trading platforms. Scammers typically post investment advice on social media to attract users to join message groups disguised as well-known financial figures or trading communities, then lure them into depositing funds into fake platforms. These platforms simulate profits by fabricating trading data, and when users attempt to withdraw funds, they are asked for additional "unlock fees," with all funds flowing directly into the scammers' accounts.Additionally, scammers are targeting investors who have already suffered losses by promoting fake "fund recovery services" for secondary fraud. According to Moneysmart survey data, 23% of Australians aged 18 to 28 hold cryptocurrency assets, 72% of Generation Z have seen cryptocurrency ads on social media, and 41% have been directly persuaded to invest in cryptocurrencies, indicating a significantly higher risk exposure among the younger demographic. ASIC advises investors to be cautious of investment advice on social media and recommends verifying the compliance qualifications of platforms through the AUSTRAC virtual asset service provider register.

Bitwise calls HYPE the "most distorted" crypto asset in terms of pricing, believing that investors underestimate its influence and value

The cryptocurrency asset management company Bitwise stated that Hyperliquid's native token HYPE is "one of the most distorted assets in pricing in the current crypto market," despite its price significantly outperforming the market this year. Bitwise Chief Investment Officer Matt Hougan noted in a report on Tuesday: "Hyperliquid is one of the most important crypto projects in years. Its native token HYPE is the best-performing large-cap crypto asset of 2026, having risen 77% year-to-date. But I still believe investors underestimate its influence and value."Hougan believes that part of the pricing distortion of HYPE is due to the market viewing Hyperliquid merely as a perpetual cryptocurrency futures exchange, whereas it should actually be priced as a "global super app." He pointed out that the Hyperliquid platform supports trading of assets beyond mainstream crypto perpetual futures, including stocks and prediction markets, with nearly half of its trading volume currently related to non-crypto assets.Bitwise launched the HYPE exchange-traded fund (ETF) on the New York Stock Exchange last Friday. The previous week, 21Shares also launched a similar HYPE fund, but it only attracted $1.2 million in net inflows on its first day, which is relatively low compared to the debut performances of other altcoin ETFs. Hougan added that Hyperliquid has gradually become the "super app" envisioned by SEC Chairman Paul Atkins—a "platform not regulated by the SEC" that provides investors with exposure to multiple asset classes. However, he also noted that the platform "still needs to mature," is not yet open to U.S. users, and needs to integrate into the U.S. regulatory framework.

ZachXBT once again accuses the LAB project of market manipulation harming retail investors, with over 95% of the tokens being controlled

On-chain detective ZachXBT has released a lengthy article exposing the LAB project and its founder (@vsadkovv). The LAB token has surged to a $6 billion FDV, but the situation is very opaque.The team was founded by Vova Sadkov and Mark, whose previous Eesee project left many investors dissatisfied. Currently, the circulation data for LAB is chaotic, with Coingecko, RootData, and CMC reporting different circulation figures. The official team has not clearly disclosed the token distribution, and there is a significant overlap between investors and trading platforms. Most critically, insiders likely control over 95% of the tokens, leaving retail investors completely unaware of the true circulation situation.Additionally, the LAB team unilaterally changed the public sale lock-up period from 3 months to 9 months, while also defaulting on marketing fees, providing special treatment to KOLs and whales, and requiring them to post promotional content. The founder has mixed project funds with personal accounts, with large amounts of money directly entering the trading platform's recharge address. Insiders can sell off tokens without retail investors being aware.On-chain data shows that insiders recently withdrew over 100 million LAB from trading platforms, worth hundreds of millions of dollars, using tactics similar to those seen in previously manipulated projects. ZachXBT calls for trading platforms to conduct a thorough investigation and delist or freeze related funds. Furthermore, ZachXBT specifically states: this is not a short-selling recommendation. With such high supply control, short-selling instead becomes fuel.

South Korean investors' holdings in cryptocurrency assets have shrunk by over 50% in a year, with funds accelerating flow into the stock market

Data submitted by the Bank of Korea to the National Assembly shows that the scale of cryptocurrency assets held by South Korean investors has decreased from 121.8 trillion won (approximately 8.33 billion USD) at the end of 2025 to 60.6 trillion won (approximately 4.14 billion USD) at the end of 2026, shrinking by more than 50% in one year. During the same period, the average daily trading volume of South Korea's five major exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax—also fell from 11.6 billion USD in December 2024 to 3 billion USD in February this year.The scale of deposits in exchanges in won has decreased from 10.7 trillion won to 7.8 trillion won, reflecting that some funds are flowing into the South Korean stock market. However, the holdings of stablecoins remain relatively strong. Data shows that South Korea's stablecoin holdings peaked at 597 million USD in December 2024 and fell to 41 million USD in February this year, with a decline significantly smaller than that of the overall cryptocurrency market. In addition, South Korean regulators plan to implement stricter anti-money laundering rules in August, automatically marking transactions involving overseas exchanges or private wallets exceeding 10 million won as suspicious transactions. The Digital Asset Exchange Association (DAXA) of South Korea has warned that this measure may lead users to turn to overseas platforms like Binance. The South Korean Ministry of Finance also recently confirmed for the first time that a 22% tax rate on cryptocurrency gains will officially take effect on January 1, 2027.

Humanity Protocol early investors have chosen the "3:10" profit-taking plan, focusing on the movement of 440 million $H

According to early investor Trix Ventures of Humanity Protocol ($H), their team chose the "3:10" plan offered by the Humanity Foundation on April 26, planning to immediately unlock 30% of their shares on June 25. Trix Ventures believes this is essentially a structural hedge that allows for early profit-taking.Investors stated that they invested in Humanity Protocol at a valuation of $60 million, and have currently achieved a 10x return, which is considered an ideal profit-taking in the current market environment. The institution believes that in the current macro market environment, liquidity premiums are far more defensive than forward expectations, and early exit is a standardized operation for professional institutions to realize capital recovery and risk clearance in complex market cycles. By locking in immediate liquidity, they can effectively avoid long-cycle uncertainties and ensure the safety of initial investment returns.On-chain data shows that investors have monitored that on-chain associated addresses of Humanity Protocol have locked 440 million $H tokens awaiting release, leading to the judgment that their decision is not an isolated case. Considering that Humanity has only gone through one round of financing, these investors all entered at a valuation of $60 million, and their profits have now reached 1000%. Investors believe this indicates that the choice of "3:10" is not limited to just one entity; many early investors across the network have formed a highly consistent strategy, and the market may see a concentrated chip reorganization led by early participants.Regarding potential impacts, investors stated that this portion of tokens is valued at approximately $80 million, and if they enter circulation in a short period, it will pose a severe liquidity pressure test on the secondary market. They also mentioned that under the background of large liquidity concentration release, holders of long positions in $H need to remain highly vigilant, timely assess risk exposure, and consider closing positions at the right time, which is a rational choice to avoid intensified volatility caused by short-term supply and demand imbalances.However, investors also stated that their current defensive actions are entirely based on investment discipline and risk control requirements, rather than doubts about the project's fundamentals. The institution still holds a long-term optimistic view on this core track and maintains a high recognition of the long-term vision of Humanity Protocol. They will continue to monitor liquidity fluctuations, chip reshuffling progress, and marginal changes in on-chain data, and will consider re-entering for strategic layout at the appropriate time.
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