According to Cryptopolitan, Zhu Juntao, former CEO of Singapore's cryptocurrency lending platform Hodlnaut, has been charged with six counts of false statement fraud for allegedly misleading users during the TerraUSD crash. Hodlnaut did not disclose investing $317 million in Terra's Anchor Protocol from user accounts, resulting in a loss of $189.7 million after the UST crash. When the platform closed in August 2022, it owed users approximately $281 million and had assets of only $88 million, with a shortfall of approximately $193 million. The prosecutor accuses Zhu Juntao of falsely claiming through Telegram groups and emails during and after the crash that the company did not invest in LUNA or UST, and did not suffer any losses.

The People's Bank of China launched a 7-day reverse repurchase operation worth 177.6 billion yuan today, with a bid volume of 177.6 billion yuan and a median amount of 177.6 billion yuan. The operating interest rate was 1.40%, unchanged from before.

According to cryptocurrency analyst Yu Jin @ EmberCN, a whale has been long on Hyperliquid since March, increasing its initial capital of 4.33 million USDC to approximately 130 million USD. The data shows that the address is using floating profits to increase positions, and currently MU's multi position size is about $210 million, with a floating profit of about $825 million.

According to Hunter Horsley, CEO of Bitwise, in a post on X platform, Bitwise's Hyperliquid ETF (BHYP) had a net inflow of approximately $190 million, setting a new high for daily capital inflows. Today's transaction volume was about 220 million US dollars, almost all of which were buy transactions. Currently, BHYP is the world's largest Hyperliquid related ETF.

[Coinbase Partners with Standard Chartered Bank to Expand Multi-Currency Funding Channels] According to Coinbase, the company has partnered with Standard Chartered Bank to expand multi-currency fiat funding channels for institutional clients. The new additions include support for AUD, SGD, CAD, and CHF, while EUR and GBP settlements will be supported through a globally systemically important bank. This expansion covers Coinbase Prime and Coinbase Exchange. The partnership aims to enhance cross-market fund allocation efficiency, reduce foreign exchange conversion friction, and optimize cross-regional rebalancing processes. Coinbase stated that it will advance the capabilities for local fiat and stablecoin conversion and settlement.