News linked to this event type.
According to HK01, the Hong Kong Police Force’s Financial Intelligence and Investigation Bureau, in collaboration with the Hong Kong Monetary Authority and the Hong Kong Association of Banks, jointly organized an “Anti-Money Laundering Exhibition.” Hong Kong Police Commissioner Andy Tsui revealed data indicating that over 9,400 fraud cases were recorded in Hong Kong during the first quarter of this year—a decrease of approximately 60 cases compared to the same period last year. However, losses totaled over HK$1.85 billion, an increase of nearly HK$300 million year-on-year. Around 2,000 individuals were arrested in the first quarter of this year for fraud- and money laundering-related offenses, approximately 70% of whom were “money mule account” holders. The Hong Kong Police Force warned that, under current legislation, conviction for money laundering carries a maximum penalty of a fine of HK$5 million and up to 14 years’ imprisonment; courts may also impose additional penalties depending on the circumstances.
According to The Wall Street Journal, prediction market platform Polymarket is accused of hiring paid content creators to post a large number of deceptive “profit showcase” videos on social media—where all claimed earnings are fabricated. An investigation revealed that in one video, a college student claimed to have won $100,000 on Polymarket by betting on “Trump publicly mentioning McDonald’s,” but the reported profit was not real.
欧盟委员会正就 MiCA 框架修订公开征询意见，行业关注稳定币储备规则、DeFi 去中心化认定及预测市场监管归属等核心议题。
PancakeSwap has issued a notice regarding abnormal activity in the BNB Chain OLPC/LABUBU liquidity pool, stating that the team has acknowledged community reports and initiated a preliminary investigation.PancakeSwap indicated that initial findings confirm no issues at the smart contract level, and the relevant incident is still under further review. The team will continue to monitor the situation and provide updates as more information becomes available.The platform reminds users to rely on information released through PancakeSwap's official channels and to be cautious of unverified rumors.
According to FinanceFeeds, Reeve Collins, co-founder of Tether, stated that the stablecoin industry is entering a “2.0 era.” Current stablecoin infrastructure still suffers from structural issues, and next-generation solutions must address users’ inability to earn returns on reserve assets. The core logic of Stablecoin 1.0 is “users provide $1, and issuers mint one token,” yet users only gain payment and transfer convenience—without sharing in reserve earnings. In the future, financial services will increasingly become infrastructure: “Users won’t care which bank sends funds,” and AI agents may select different financial ecosystems based on user interests. The next phase of stablecoin competition will center on financial infrastructure and yield-distribution models. On regulatory matters, Reeve Collins revealed he continues to hold Bitcoin long-term. He also noted that USD-pegged stablecoins remain, in essence, extensions of the U.S. financial system—exposing them to regulatory reach—and differ fundamentally from central bank digital currency (CBDC) models, which may offer stronger programmability and financial surveillance capabilities.
stablecoins, which have gained attention from governments and financial institutions as a new type of electronic payment tool, are now being used by some criminal groups for money laundering. Due to their peg to fiat currencies, low price volatility, and fast transfer speeds, fraud groups have begun converting funds obtained from special scams into stablecoins to conceal the source of funds.In March this year, the Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Law, accusing them of assisting an investment fraud group in money laundering. Police stated that the three individuals converted approximately 14 million yen from 10 victims across six prefectures into crypto assets, including stablecoins, in an attempt to obscure the flow of funds.According to investigations, the trio engaged in over-the-counter (OTC) crypto asset transactions conducted directly between individuals without the involvement of exchanges, and police believe they may be involved in money laundering activities totaling billions of yen.The report notes that while stablecoins operate on blockchain technology, offering features such as tamper-proof transaction records, their rapid cross-border transfer capabilities and peer-to-peer transaction models also increase the difficulty of tracking.Naoyuki Iwashita, Professor Emeritus at Kyoto University, stated that once digital assets are exploited by criminals, subsequent investigations and fund tracing will face greater challenges. As the application of stablecoins expands in the Japanese market, industry insiders believe that strengthening anti-money laundering (AML) measures and transaction oversight will become prerequisites for their further development. (Kyodo News)
According to Odaily, the privacy-focused public chain project Namada officially stated that the protocol encountered a vulnerability attack incident. The team is currently investigating and has contacted relevant parties to assist in handling the matter.Officials stated that if the operator behind this attack is a white hat hacker, they hope the individual will proactively contact the team to further understand the vulnerability and facilitate a resolution.On-chain data shows that some ATOM assets related to the incident were allegedly transferred to a Cosmos Hub network address via IBC (Inter-Blockchain Communication protocol). According to on-chain tracking information, this address received approximately 228,517 ATOM on June 18. The funds were subsequently drained within hours through IBC transfers and multiple outgoing transactions. Currently, only a small balance remains in this address.As of now, Namada has not disclosed the type of vulnerability, the attack method, or the specific scale of losses. The relevant investigation is still ongoing.
the AI boom has led to a surge in electricity demand from data centers across the United States, causing electricity prices to continue rising in many areas and prompting power outage warnings in some regions. To alleviate the power supply dilemma, the U.S. Federal Energy Regulatory Commission on the 18th required regional grid operators to consider new agreements to expedite the grid connection process for large electricity consumers like data centers. The commission also stated that it will no longer proactively consider environmental impacts under the U.S. National Environmental Policy Act when formulating rules going forward.According to data from the Data Center Map website, there are currently over 4,000 operational data centers in the U.S., with a vast number more in the planning or construction phase. However, the pace of data center construction far outstrips the speed at which new power plants can be brought online, compounded by slow grid interconnection timelines. As a result, major tech giants across the country are scrambling to secure electricity quotas for their facilities. Statistics from the Electric Power Research Institute indicate that data centers currently consume about 5% of total U.S. electricity demand, a share that could rise to approximately 20% by 2035. (CCTV Finance)
the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new policy that would allow crypto companies to offer blockchain-based tokenized stock trading, potentially having a significant impact on the traditional stock market structure. According to SEC Chairman Paul Atkins, companies will be permitted to experiment with new digital asset business models, including the tokenization of US stocks, without fully complying with existing disclosure and investor protection rules.However, the proposal has also raised concerns among traditional financial institutions such as Citadel Securities and SIFMA, who argue that such changes could divert liquidity and create regulatory arbitrage risks. As of now, the SEC has not made any public comments on the matter. (Reuters)
Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), shared her views on perpetual contracts, prediction markets, and the future of digital asset regulation—overall adopting a positive and open tone. Peirce revisited the Rule 611 “trade-through” proposal, which has been under discussion for roughly two decades, noting that the so-called “innovation exemption” mechanism would be deliberately designed to be strict and narrowly tailored, striking a balance between market innovation and investor protection. She emphasized that clearer regulatory frameworks—not outright restrictions or ambiguous oversight—should govern emerging financial products such as tokenized securities, perpetual contracts, and prediction markets. She also underscored two core principles: self-custody and financial privacy must serve as foundational rights within future regulatory systems and must be integrated into the design of subsequent digital asset regulatory regimes.
According to The Edge Malaysia, Malaysia has announced a comprehensive revision of its civil servants’ stockholding and asset declaration system. Per the latest notice issued by the Malaysian Public Service Department, civil servants may invest in shares of companies registered in Malaysia; however, their shareholding must not exceed 5% of the company’s paid-up capital or RM300,000 in total value—whichever is lower. Compared to the previous cap of RM100,000, the new limit represents a significant increase. At the same time, the revised rules introduce a cumulative shareholding cap. Notably, digital assets are included in the regulatory framework for the first time, with an explicit emphasis on transparency and accountability in civil servants’ investment activities—to keep pace with evolving financial markets and investment instruments.
mySwap, an automated market maker in the Starknet ecosystem, has issued a security alert stating that its concentrated liquidity protocol was exploited today, nearly draining all remaining liquidity from the protocol. As its frontend interface has not accepted new liquidity deposits for over six months, the affected funds primarily consist of residual liquidity scattered across more than 100,000 LP positions. After completing the theft, the attacker transferred the stolen funds across chains and obfuscated the transaction trail using the privacy protocol Railgun to conceal the asset flow. An investigation into the vulnerability details is ongoing, and potential remediation measures are being assessed.
Odaily News Alex Svanevik, CEO of on-chain analytics platform Nansen, stated that when enterprises begin effectively using Chinese large language models, the bubble in the AI industry may burst. While the U.S. regulatory environment could limit this process, the overall trend remains that Chinese models are continuously becoming more efficient, capable of running on non-cutting-edge hardware, while global GPU supply (including non-Nvidia chips) is increasing.Alex Svanevik also pointed out that the recent decline in H100 and H200 GPU rental prices reflects a shift in the supply-demand structure of computing power. He raised the question of how to interpret the market signal of declining GPU rental prices. As model efficiency improves alongside expanding computing power supply, the AI infrastructure market may be entering a phase of repricing.
Analysis shows that Hyperliquid achieves extremely high efficiency under the “protocol-level infrastructure” model: revenue is nearly equivalent to net profit, and operating costs are close to minimal, reflecting a structural characteristic where “revenue does not scale linearly with headcount.” However, this current advantage exists at a stage where regulatory and compliance costs have not yet been fully realized; should compliance pressures increase in the future, profitability may contract.
The People’s Bank of China, the National Development and Reform Commission, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government jointly issued the *Action Plan for Developing Offshore Finance in the Shanghai International Financial Center*, which states that, relying on the Digital RMB International Operations Center, digital RMB cross-border, offshore, and blockchain infrastructure will be built and operated under secure and controllable conditions; interconnection with overseas financial infrastructure will be prudently advanced; and the application of digital RMB in offshore business—and the expansion of its use cases—will be steadily promoted.
Under Regulation (EU) 2024/1624, which enters into force on 10 July 2027, crypto-asset service providers operating in the EU will face stricter customer verification obligations and new restrictions on services that enhance transaction anonymity.
sources say prediction market platform Kalshi has disclosed it is engaging in early, informal discussions with investment banks regarding a potential IPO. A Kalshi spokesperson declined to comment.Previously, the state of Kentucky filed a lawsuit against five prediction market operators, including Kalshi and Polymarket, accusing them of running unlicensed illegal sports betting and gambling platforms. At least 17 other states have also taken prediction market operators to court. The related disputes involve the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) over event contracts. (Cointelegraph)
KobeissiLetter analysis indicates Intel's stock surged approximately 9% in a single day after Trump announced a plan to jointly design and manufacture chips within the United States. This development represents a policy-level positive for the entire semiconductor industry, with market expectations that investments in domestic wafer fabrication and advanced process nodes will continue to receive support.However, for the crypto market, if US chip capacity shifts more toward orders for consumer electronics and national defense, it could indirectly compress the supply capacity of ASIC mining rigs, thereby potentially impacting the mining hardware cycle. Consequently, Intel's capacity dynamics are also being viewed as a "substantial revaluation signal" for the Bitcoin and crypto mining market.
Alex Svanevik, CEO of on-chain data analytics platform Nansen, posted on X stating that from a hindsight perspective, if Binance founder CZ had completed the acquisition of FTX back then, his potential asset structure would have changed significantly. He would now likely hold an indirect exposure of approximately 8% stake in Anthropic, about 5% stake in the AI coding tool Cursor, as well as some investment interests related to SpaceX.It is reported that in November 2022, CZ had disclosed his intention to acquire FTX but later abandoned the plan after due diligence uncovered issues beyond his control. Subsequently, FTX filed for bankruptcy protection.
Odaily reports, with just over two weeks left before the U.S. Congress recesses on July 4th, senators are intensifying behind-the-scenes negotiations to push the CLARITY Act into a full Senate vote as soon as possible after the recess. Sources indicate that bipartisan senators will meet this week to discuss disputed clauses and related controversies. A key point is clarifying that non-custodial software developers “should not be held legally responsible for third-party use of their code unless they knowingly participate in illegal activities.” Previously, law enforcement agencies expressed concerns that this clause could weaken the ability to hold on-chain illegal activities accountable.Industry insiders point out that with the legislative window narrowing, the CLARITY Act is entering a critical phase. If it cannot advance by August, the process may be further delayed due to the election cycle. (Cryptoinamerica)