Coinbase will launch FARTCOIN and SQD

The Hong Kong Securities and Futures Commission officially announced that it has noticed an increasing trend in recent phishing scams involving counterfeit licensed corporations. Scammers deceive customers into clicking on hyperlinks contained in mobile text messages and redirect them to websites similar to licensed corporations' official websites. They then intercept customers' user names, login passwords, and authentication information to enter their accounts with licensed corporations for unauthorized transactions. Therefore, guidelines have been issued to licensed corporations to prevent unauthorized transactions in customers' accounts. If the account login information is disclosed to an unverified website, or if it is found that the account has engaged in unauthorized transactions, the licensed corporation should be contacted as soon as possible and reported to the police.

According to Korean media Chosun, private equity fund operator Alpha Asset Management, which holds 35 billion Korean won worth of Wemade stocks, is experiencing increasing losses. With the virtual currency WEMIX, which once boosted Wemade's stock price, now being delisted from Korean cryptocurrency exchanges such as Upbit and Bithumb, hopes for a rebound in stock prices have become slim. The CEO of Alpha Asset Management is Choi Joon Hyuk, the husband of well-known Korean star Jeon Ji hyun. Wemix is a virtual currency issued by South Korean gaming company Wemade through its subsidiary, primarily targeting the blockchain gaming ecosystem. Alpha Asset Management purchased equity worth KRW 15 billion and KRW 20 billion in Wemade in October 2023 and January 2024, respectively. The company incurred a first quarter operating loss of KRW 11.3 billion and its stock price has fallen by over 25% this year.

OKX-ETH/USDT is currently trading at $2500.80, with a 5-minute increase of 0.16%. Please be aware of market fluctuations.

According to BlockBeats, on June 7th, according to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, Trend Research under LD Capital once again proposed 4000 ETH worth 9.97 million US dollars from CEX half an hour ago. As of now, Trend Research holds a total of 139417 ETH with a total value of $347 million.

The 21st Century Business Herald published an analysis titled "Hong Kong's' Bet 'on Stablecoins: A Key Landing for an International Financial Center", which pointed out that Hong Kong proposed the concept of "designated stablecoins", corresponding to the model of "value anchored regulation". The concept of "stablecoin" refers to a stablecoin that refers to one or more official currencies, or a designated unit of measurement or economic value storage form by the Hong Kong Monetary Authority to maintain stable value. Regulatory focus on two types of activities: issuing designated stablecoins in Hong Kong; Or designated stablecoins issued outside Hong Kong but claiming to anchor the value of the Hong Kong dollar, this design ensures that stablecoins pegged to the Hong Kong dollar are regulated while leaving some room for other stablecoins.