Spot gold fell more than 1% in the short term to $4454 per ounce

Singapore police have accused Zhu Juntao, former CEO of Hodlnaut, of making false statements during the 2022 TerraUSD crash, misleading users into claiming that the platform was not exposed to TerraUSD risks. The relevant information has been posted on Telegram, customer emails, and Zhu's X account. If convicted, Zhu can be sentenced to up to 20 years in prison or a fine for each charge. （CoinDesk）

The mobile wallet Oobit supported by Tether clarified in a post on the X platform that after StablR's EURR and USDR smart contracts suffered a vulnerability attack of approximately $135 million, the relevant funds attempted to exit through Oobit. Its compliance team identified abnormal behavior and successfully froze $100000 EURR funds to prevent related operations. Oobit stated that it did not affect user funds, the system was not hacked, and is working with StablR and investigators to address the issue.

Arete Capital partner McKenna stated that HYPE has reached a historical high with a target price of $84 and is expected to break through $100 within 12 months. He pointed out that after the launch of the HYPE spot ETF in the $50 range, there was a strong inflow of funds, with short-term earnings exceeding $720 million after listing. The speed of institutional capital inflow was comparable to the early Bitcoin ETF boom.

The Hong Kong Monetary Authority responded to the requirement for investment accounts to sign a declaration, stating that the relevant requirements were issued on May 22, involving three measures: closing accounts opened with suspicious or forged documents, closing zero balance accounts, and requiring new account openings to provide a declaration of the legal source of funds. The measures only apply to personal investment accounts and do not include functional accounts such as regular savings and payments, nor do they apply to corporate and institutional clients.

DogeDesigner reminds on the X platform that Elon Musk and his company are not associated with any cryptocurrency or exchange, and that Grok, SpaceXAI, Tesla, SpaceX, and Neuralink have not issued official tokens, and they are alert to related fraudulent projects.