[Tether Partners with United Nations Office on Drugs and Crime to Combat Cybercrime] Tether announced a joint initiative with the United Nations Office on Drugs and Crime (UNODC). UNODC is dedicated to combating illicit drugs, transnational organized crime, terrorism, and corruption. Africa, as the world's third fastest-growing region for cryptocurrency, faces threats from digital asset scams and fraud. Recently, Interpol seized $260 million worth of illegal cryptocurrency and fiat currency during operations in Africa, highlighting the importance of strengthening cybersecurity.

[Bank of New York Mellon Launches Tokenized Deposit Service] Bank of New York Mellon (BNY) has launched a tokenized deposit service, enabling clients to transfer funds via blockchain networks. Tokenized deposits represent an on-chain form of clients' bank account deposits, which can be used for collateral and margin trading, while operating 24/7 to accelerate payment speeds. Participating institutions include Intercontinental Exchange (ICE), Citadel Securities, DRW Holdings, Ripple Prime, Baillie Gifford, and Circle. Bank of New York Mellon manages or administrates assets totaling $57.8 trillion, making it another major bank, following JPMorgan Chase and HSBC, to delve deeply into the digital asset space. ICE plans to support tokenized deposits within its clearinghouses and prepare for 24-hour trade settlement. The service supports programmable transactions, allowing funds to be automatically transferred when predefined conditions are met.

[CoinFund President Criticizes Policy Limiting Retail Stablecoin Yields] CoinFund President and former banker Christopher Perkins posted on the X platform, criticizing the cryptocurrency market structure bill under review by the U.S. Senate, which may limit retail investors from earning stablecoin rewards. As a member of the U.S. Commodity Futures Trading Commission's Global Markets Advisory Committee, Perkins believes that depriving retail investors of the right to earn stablecoin rewards is an unjust policy and questions why policymakers are preventing ordinary investors from benefiting from stablecoins. He suggested addressing the issue of bank deposit and loan outflows by unlocking regulatory capital and integrating blockchain technology, stating that this approach could achieve a win-win outcome.

[European Asset Management Company Amundi Increases Strategy Stock Holdings to $32 Million] European asset management company Amundi, through its Amundi Smart Overnight Return UCITS ETF, has increased its holdings of Strategy stock to $32 million, a growth of 1600%.

On chain data shows that "1011 Whale" currently holds $790 million in open positions, with a floating loss of $6.4 million, and has paid $5.4 million in funding fees. （Cointelegraph）