ATOM Slips 5% as Bitcoin Regains Dominance After Altcoin Season

According to The Block, the US Attorney's Office for the Western District of Washington has initiated a civil recovery lawsuit against $7.1 million in cryptocurrency involved in an oil and gas investment fraud case. The prosecutor accuses 47 year old Geoffrey K. Auyeung and his accomplices of deceiving investors into transferring funds into a so-called "crude oil tank custody account", promising to profit from leasing tank space. The investigation shows that the funds involved were transferred to 81 different accounts, of which $1.9 million was used to purchase assets such as Bitcoin, USDT, USDC, and Ethereum through 19 cryptocurrency accounts. Auyeung was charged with money laundering and other crimes in 2024, after $2.3 million in stolen funds had been seized from his bank account. The prosecutor stated that they will accelerate the recovery of funds to compensate the victims.

Member indicators show that the current BTC price is above the strong support range of 117888-117964, but trading volume has shrunk to 48.82% of the average level, indicating a strong wait-and-see sentiment in the market. It is worth noting that the trading volume in this support zone accounts for as much as 5.73%, and once it falls below, it may trigger a rapid downward trend. From a technical perspective, the 4-hour cycle K-line exhibits a top split structure, coupled with RSI breaking through the upward trend line, the upward momentum has weakened to some extent. EMA24 and EMA52 show a bullish trend, but the MACD bar chart growth has slowed down, indicating that upward movements can be under pressure. Open membership immediately and accurately grasp the distribution of main chips and key support levels! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

Golden Finance reported that the International Monetary Fund released a report on the 22nd local time stating that the Trump administration's imposition of import tariffs on almost all trading partners may further have a significant impact on the global macroeconomy. The report points out that the imposition of tariffs by the United States will reduce global demand in the short term, leading to an increase in import prices and further exacerbating inflationary pressures. In addition, the uncertainty of tariffs may weaken consumer and business confidence and exacerbate financial market volatility. The report points out that the imposition of tariffs by the United States may lead countries to further raise trade barriers to address the increasingly severe trade imbalance, thereby exacerbating geopolitical and economic divisions, which will cause lasting damage to the global economy. (CCTV News)

According to a report by Golden Finance, the Office for the Enforcement of Financial Sanctions (OFSI) in the UK has released a report stating that since 2022, UK cryptocurrency companies are likely to have underreported violations of financial sanctions, which often occur unintentionally and involve direct or indirect transactions with sanctioned individuals or entities. Starting from August 2022, suspected violations of sanctions must be reported to OFSI. The report also warns that UK encryption companies are facing high-risk attacks from North Korean hackers, who often act on behalf of sanctioned parties. The report shows that since 2022, over 7% of suspected violations reported to OFSI involve cryptocurrency companies. Since the outbreak of the Russia-Ukraine conflict in 2022, the United Kingdom and other countries have clearly extended the scope of sanctions to the cryptocurrency field. Currently, there are 55 cryptocurrency companies registered with the Financial Conduct Authority in the UK, but the specific number of violators has not been disclosed.

OKX - PENGU is currently priced at $0.04188, with a 24-hour increase of 13.07%. 24-hour transaction volume of 7.1 billion US dollars, an increase of 28.91%, for reference only