BNB breaks through the $900 mark

The current price of ETH is $4692.79, with an increase of 8.93% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 34.79 million US dollars, with multiple orders being the main liquidation, and ETH liquidation of 9.76 million US dollars (28.07%). The data is for reference only.

[South Korean $13 Million Cryptocurrency Fraud Fugitive Arrested After 5 Years on the Run for Littering] According to The Korea Times, a man who orchestrated a large-scale cryptocurrency fraud worth 17.7 billion won (approximately $13.2 million) and had been on the run for nearly five years was arrested by police in Seoul for littering. Investigators stated that the man defrauded approximately 1,300 people of 17.7 billion won through cryptocurrency scams between 2018 and 2019 and went into hiding in 2020. He was subsequently handed over to the Seoul Southern District Prosecutors' Office, which has been in charge of the investigation.

[Defunct NFT Lending Platform Parallel Finance Charges Non-Technical Users $500 'Fee' to Withdraw Assets] According to a report by Protos, the defunct NFT lending platform Parallel Finance is charging users a $500 fee to help them withdraw assets from the platform. After Parallel Finance ceased support for its NFT lending product following a six-month notice period, over $800,000 worth of 'blue-chip' NFTs remain locked in its smart contracts. Since the platform's front-end support has been discontinued, non-technical users are unable to manually retrieve their tokens, and the Parallel team is charging a hefty fee to assist them in withdrawing their assets. 0xQuit from Yuga Labs highlighted this predicament on X and shared a step-by-step guide for manually withdrawing assets using the Etherscan blockchain explorer.

[Federal Reserve's Mussaellem: Labor Market Risks May Influence Policy Rate Adjustments] Federal Reserve official Mussaellem stated that the current focus should be on the overall rate trajectory rather than rate decisions at individual meetings. While inflation levels remain above target and present ongoing risks, potential risks in the labor market have yet to fully materialize. Mussaellem noted that the next employment report could be a key factor in determining whether to cut rates, depending on the data in the report. Additionally, he expects the impact of tariffs on inflation to gradually diminish and hinted that the future rate trajectory may include the option to pause rate cuts.

1. After Powell's speech, the probability of the Federal Reserve cutting interest rates in September has risen to 91.1% 2. Trump threatens to fire Federal Reserve Governor Cook, Cook responds by saying he won't resign 3. US House of Representatives defense bill adds CBDC ban clause 4. JPMorgan Chase and Malaysia reach $330 million settlement over 1MDB case 5. SEC Crypto Action Team conducts touring activities to listen to opinions from multiple parties 6. The Philippines proposes a bill to establish a strategic Bitcoin reserve 7. Top Korean banks explore cooperation with Tether and Circle for stablecoin business 8. BlockFi's $13.2 million settlement is about to be approved, providing compensation to investors The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/481062