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5/27
08:05
Svmuu reports, Singapore police have filed six charges of fraud against Zhu Juntao, the former CEO of the defunct crypto lending platform Hodlnaut. The charges allege that during the TerraUSD collapse in 2022, he instructed employees to issue false statements, misleading users to believe that Hodlnaut had no direct exposure to TerraUSD and had not suffered any losses from the incident. According to the prosecutor, the false information was published on Hodlnaut's Telegram channel, customer emails, and Zhu's own X (formerly Twitter) account. Under Singapore law, if convicted, Zhu faces a maximum of up to 20 years in prison, a fine, or both for each charge. (CoinDesk)
08:04
Svmuu, Tether-supported mobile wallet Oobit posted on X platform to clarify that after on-chain detective ZachXBT disclosed that stablecoin issuer StablR's two smart contracts (EURR and USDR) suffered a vulnerability attack resulting in approximately $13.5 million, related funds attempted to exit through Oobit. However, its compliance team identified the abnormal behavior and successfully froze a six-figure amount of EURR funds while preventing related operations. This incident did not affect any user funds, and Oobit's own systems were not compromised. It is now cooperating with StablR and investigators to advance follow-up processing.
08:00
Svmuu, McKenna, a partner at Arete Capital, shared a bullish outlook, stating that HYPE has firmly established itself at its all-time high, with a first target price of $84. Based on the recent strong momentum, he expects it to surpass $100 in less than 12 months.
McKenna specifically noted that the HYPE spot ETF has seen strong capital inflows since launching in the $50 range, proving that traditional financial institutions are eager to enter at this price level. Data shows that the HYPE ETF absorbed over $72 million shortly after listing, with institutional capital flowing in at a pace comparable to the early Bitcoin ETF frenzy.
07:55
Svmuu reported that 10x Research posted an analysis on X platform, stating that as Bitcoin's volatility continues to decline, the NAV premiums of most Bitcoin treasury companies have significantly compressed, with some even turning into substantial discounts, and related investor losses have begun to appear.
Historically, Grayscale's GBTC once saw a 47% discount in December 2022, when investors could almost buy Bitcoin through the product at an implied price of less than $10,000. The market had mistakenly viewed traditional financial crypto-asset packaged products as "Bitcoin leverage tools," but these structures are actually more akin to option products: implied value expands when volatility rises, and valuations are compressed when volatility declines.
However, 10x Research added that the current market mismatch could also open up new arbitrage opportunities for management teams with capital operation capabilities.
07:54
Svmuu, analyst Madison Cartwright of the Commonwealth Bank of Australia noted in a research report that the prospects for US-Iran talks remain fragile. Cartwright stated: "There are reasons to suggest that a diplomatic momentum does exist, which could lead to an agreement that reopens shipping through the Strait of Hormuz," but relevant details remain unclear. Cartwright added that there have also been recent small-scale skirmishes between the two sides.
Cartwright pointed out that regarding the reopening of the Strait of Hormuz, several key questions remain, including the amount of insurance required for vessels transiting the strait and whether Iran will impose transit fees. Nevertheless, Cartwright believes the US currently has little incentive to resume hostilities; instead, the US has shown a willingness to make concessions while continuing to exert economic and political pressure. (Jin Shi)
07:52
Svmuu reported that Guofu Quantum, a Hong Kong-listed company, announced the acquisition of approximately 11.89 million issued shares in Luffa AI, a decentralized social and messaging platform, for $19.8 million (approximately HK$154 million). It will also subscribe for 10 million new shares in Luffa AI for $20 million (approximately HK$156 million). Upon completion of the transactions, it will hold a 19.9% stake in Luffa AI. Luffa AI is primarily engaged in the development and operation of communication and social networking products and related services based on artificial intelligence and Web3. It uses end-to-end encryption and distributed technology to protect user data, and serves as an infrastructure layer for autonomous AI agents, providing services such as decentralized identity and permission management. (PRNasia)
07:51
Svmuu reported that DogeDesigner posted on X platform, reminding that Elon Musk and his affiliated companies are not associated with any cryptocurrency or exchange.
He stated that Grok, SpaceXAI, Tesla, SpaceX, and Neuralink have not issued any official tokens, and warned users to be cautious of related scam projects.
07:47
Svmuu reported that Bitwise announced its subsidiary Bitwise Europe GmbH has launched the Bitwise Canton ETP (BWCC), listed on Deutsche Börse Xetra, the electronic spot trading platform under Deutsche Börse. The product enables trading via standard brokerage accounts and aims to provide exposure to CC, the native token of the Canton Network. (Globenewswire)
07:46
Svmuu reported that Nasdaq-listed digital asset treasury company BNB Plus has announced plans to raise $4.1 million through the issuance of B-1 Series and B-2 Series convertible preferred shares. Crypto-native institutional investors, including the Comstock Multichain Fund under Silvermine Capital Advisors and Off the Chain LP, participated in the fundraising. The proceeds will be used to increase digital asset reserves, provide working capital support, and explore development opportunities in AI infrastructure. The company also disclosed that it currently holds over $16.4 million in cash and digital assets. (Businesswire)
07:45
Svmuu News: Publicly listed Bitcoin mining company DMG Blockchain has released its financial report for the second quarter of fiscal year 2026. The report shows that the company is accelerating its transition to AI data centers, focusing on two core strategies: core data center business and digital asset financial services. Its AI computing platform will provide infrastructure services to the Canadian government, enterprises, and research institutions. Additionally, DMG mined 69 Bitcoins in Q2, flat compared to the previous quarter but a 25% decrease year-over-year. (Globenewswire)
07:45
Svmuu reported that GXD Labs, a digital asset investment and advisory firm, has reached a settlement with global equity financing company EquitiesFirst regarding claims arising from a loan extended to the bankrupt crypto lending platform Celsius Network. Under the settlement agreement, the two parties will complete a total payment of $500 million and dismiss the adversarial litigation and related arbitration proceedings initiated since September 2023.
It is reported that GXD Labs established the Blockchain Asset Recovery Investment Consortium (BRIC) in 2023. Subsequently, the organization was appointed by the debtor and the unsecured creditors' committee in the Celsius bankruptcy case as the administrator for complex asset recovery and litigation management. (Businesswire)
07:44
Svmuu reported that Stake DAO posted a response on platform X regarding the security incident, stating that its team has taken note of the incident and that users should not interact with vsdCRV for the time being.
In addition, contracts related to Stake DAO on Arbitrum exhibited abnormal behavior, resulting in the minting of 5.4 trillion vsdCRV tokens. Security teams have classified this as a suspected infinite minting exploit.
07:43
Svmuu reports that according to Onchain Lens monitoring, BlackRock has deposited 2,538 BTC into Coinbase, valued at $192.53 million.
07:42
Svmuu reported that the Hong Kong Monetary Authority (HKMA) has required banks to initiate account screening for investment accounts opened by mainland Chinese users, focusing on identifying and closing accounts opened with fake documents and cleaning up dormant accounts. The scope of the fake-document account screening covers accounts opened since January 2023, with the screening to be completed within 3 months and problematic accounts to be closed within 6 months after the screening is completed.
The screening and cleanup of "dormant accounts" will also begin in the next 3 months. Banks must identify cases where investment accounts held by mainland investors have had zero balances and no transaction activities in the year prior to May 22, 2026. For such accounts, banks must re-confirm KYC (Know Your Customer) information and require customers to make a series of declarations in accordance with new regulations for opening investment accounts. If these procedures cannot be completed, the accounts will be closed within 6 months. (Caixin)
07:36
Svmuu News: According to a report on the 27th by "Mizan," a news agency affiliated with Iran's judiciary, a preliminary informal document outlining the framework of a memorandum of understanding between Iran and the United States has been disclosed. Under this framework, US military forces will withdraw from areas surrounding Iran, and the maritime blockade against Iran will be lifted. (Xinhua News Agency)
07:32
Svmuureports that the crypto market continues to face pressure, with Bitcoin briefly falling below the $76,000 "bull-bear line" proposed by Tom Lee and consolidating around the $75,000 support level. Previously, Bitcoin failed to break through the $78,000 resistance level, sparking concerns about the re-emergence of bear market signals. Ethereum is also weakening, but the U.S. stock market continues to decouple from the crypto market trend, with both the S&P 500 and Nasdaq 100 futures hitting record highs. Additionally, Bitcoin put options with a strike price of $55,000 expiring in September have become one of the most actively traded contracts in the past 24 hours, reflecting the market's increased hedging demand against further downside risks for Bitcoin. (CoinDesk)
07:30
Svmuu News Nasdaq-listed Solana treasury company Sharps Technology officially announced its rebranding to SkyAI, with its stock ticker changing from STSS to SKYA on May 28. The company will build an AI agent financial platform based on the Solana blockchain, offering diversified services such as USD savings, financial education, and asset management to users in emerging markets. (Globenewswire)
07:30
1. Goldman Sachs raises its S&P 500 year-end target to 8,000 points;
2. Some banks in Hong Kong now require investors to sign a declaration confirming the source of funds when opening investment accounts, effective yesterday;
3. Ethereum staking volume reaches a record high of 39.2 million ETH, accounting for 32.19% of the total supply;
4. UBS raises its Micron price target to $1,625, maintaining a "Buy" rating;
5. Advisor to Iran's Supreme Leader: The Strait of Hormuz is a realistic guarantee for the survival of the agreement;
6. SlowMist's Cosine: Suggests DeFi projects use AI to audit security risks in running code and DevOps processes;
7. Analysts: Renewed US-Iran tensions fuel caution, gold prices fall;
8. Iranian Revolutionary Guard official: Possibility of renewed US-Iran war is "low";
9. South Korea's KOSPI index has nearly doubled this year, led by a structural shift in demand for memory chips;
10. An address has bought 7,000 ETH and deposited them into Aave, after profiting a total of $2.04 million from two ETH swing trades.
07:20
SvmuuNews, analyst Ali posted on platform X, stating that Ethereum's MVRV is currently approaching the 0.8 level. Historical data indicates that this zone represents a high-probability macro accumulation window. According to the chart, the current Ethereum MVRV 0.8 line sits at the $1,868 level.
07:08
Svmuureports that SoFi has launched a US dollar-backed stablecoin, SoFiUSD, on Ethereum and Solana, becoming the first U.S. national bank to directly offer a stablecoin to retail customers on a public blockchain. Nearly 15 million SoFi members can now buy, sell, hold, and exchange SoFiUSD within the app, with each token redeemable 1:1 for US dollars via SoFi Bank. 
SoFi stated that it plans to use SoFiUSD for traditional financial scenarios such as cross-border payments and B2B transactions, and intends to launch features including interest-bearing tokenized deposits, FDIC-insured accounts, and 24/7 cross-border transfers. (CoinDesk)

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