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According to PANews, Resupply has released an analysis report on a recent hacking incident, revealing that an attack on the crvUSD-wstUSR trading pair resulted in approximately $10 million in reUSD bad debt. The vulnerability was specific to this token pair, and other trading pairs remain unaffected, with Resupply markets continuing normal operations. The debt limit for the affected token pair has been set to zero, and withdrawals from the insurance pool have been suspended. A formal governance vote is required to lift the suspension. Resupply highlighted that the problematic code segment had undergone multiple security audits and independent researchers were hired to review the codebase, yet the issue was not reported. The stolen funds are still on-chain, and Resupply is monitoring the situation closely, ready to take necessary actions.

According to PANews, stablecoins are increasingly becoming mainstream, with banks and credit card companies exploring the issuance of their own digital tokens. This trend could potentially reshape the flow of funds in the United States and globally. Jose Fernandez da Ponte, PayPal's Senior Vice President of Blockchain, Cryptocurrency, and Digital Currency, emphasized that stablecoins are not merely a means of transferring value but have evolved into a foundational infrastructure layer in many instances. Mastercard announced this week that its Multi-Token Network will support four types of stablecoins, marking a significant step in integrating digital currencies into traditional financial systems. Visa's CEO revealed efforts to modernize its infrastructure using stablecoins, indicating a strategic move towards embracing digital currency technology. Additionally, JPMorgan has introduced a token backed by commercial bank deposits rather than the U.S. dollar, showcasing a novel approach to digital token issuance.

Key Takeaways:Cookie DAO is bridging AI and DeFi through a modular data aggregation layer with $COOKIE token utility.The recent launch of Cookie Snaps and DataSwarm led to a 420% token price surge.Cookie’s real-time sentiment scoring, reputation metrics, and AI-powered reward system set it apart from platforms like Dune or Kaito.With a growing institutional and developer-facing ecosystem, Cookie DAO is positioning itself at the forefront of the InfoFi (information finance) economy.A. Origins: Building the Data Layer of Web31- What inspired the creation of Cookie DAO, and how does it connect real-time crypto sentiment with token rewards?In crypto, data is the new oil—but it’s only valuable when processed and delivered in actionable formats. Cookie DAO was founded to fill a critical market gap: a unified data layer that aggregates and contextualizes social, on-chain, and trading signals.Built with strategic partner Cookie3, the platform offers two primary interfaces:Cookie.fun for traders and analysts seeking categorized, pre-processed data.Cookie APIs for builders and AI agents needing raw, large-scale data access for real-time decision-making.Cookie Snaps, which rewards users for sentiment-driven engagement, is one of many applications layered on top of the Cookie Data Layer. Snaps allows projects to customize how rewards are distributed based on engagement quality, reach, and loyalty—creating an incentive loop powered by real user behavior and on-chain metrics.2- Who are the core individuals behind Cookie DAO and Cookie3, and how do their backgrounds influence the platform?Cookie DAO itself was launched by anonymous founders who sought to tokenize the value of decentralized data. They partnered with Cookie3, a crypto analytics firm, to co-develop the data infrastructure and integrate the $COOKIE token.Key contributors from Cookie3 include:Filip Wielanier, Co-founder & CEO (ex-Deloitte Digital)Wojtek Piechociński, Co-founder & CTO (ex-AXA)Wojtek Mrówka, COO, advisor & investorMichał Arent, CPOKrystyna Kozak-Kornacka, CMO (ex-Vogue & Goldman Sachs)Peter Makowski, CBDO (ex-Fractal)B: DataSwarm & Monetization Strategies3- Will the DataSwarm indexes be open to external developers or institutions?C. Cookie Snaps: Anti-Farming Design & Loyalty Scoring4- How does Cookie DAO ensure Snaps can’t be gamed or spammed for rewards?Cookie AI powers a multi-layered detection system that flags and filters out farmed content. Key safeguards include:Originality & Sentiment Analysis: AI scans for high-quality, authentic engagement.Engagement Health Checks: Snaps are rejected if part of closed “farming rings” with minimal new user interaction.Adaptive Learning: Cookie AI evolves in real time to detect emerging manipulation patterns.5- What makes Snaps scoring unique compared to platforms like Kaito or KOL-centric models?While specifics are confidential to prevent gaming, one standout innovation is the loyalty metric. This rewards users who maintain consistent, focused engagement rather than shilling multiple unrelated projects—an anti-farming measure not commonly seen elsewhere.D. Developer Support & Ecosystem Growth6- Is there a grant or bounty program for building on Cookie DAO?Not currently. However, Cookie DAO has previously sponsored DeFAI hackathons and continues to support builders by offering API access during AI-focused development events.E. Tokenomics: Aligning Utility With Longevity7- How are staking, farming, and token burns designed to avoid short-term speculation?Stakers participate in multi-airdrop reward campaigns supported by projects integrated into the Cookie ecosystem. API usage fees are paid in $COOKIE, with a portion of those tokens burned—contributing to long-term deflation and ecosystem sustainability.8- What role does governance play, and how are $COOKIE holders shaping the protocol’s future?$COOKIE is a governance token. The community ratified the Cookie DAO Constitution earlier this year, and since then, several proposals have been passed, including initiatives to decentralize decision-making through the elected Chef’s Council.F. AI Reputation Scoring & Sybil Protection9- Are there reputation systems in place to evaluate users and reduce Sybil risk?Yes. Reputation scoring based on Snap history, accuracy, and DAO participation is already live and is regularly updated to maintain integrity and reward authentic contribution.G. Roadmap: What’s Next for Cookie DAO?10-What’s coming next after v1.0 alpha? Will you expand staking, analytics, or NFT utility?While some roadmap details remain confidential, a major partnership is on the horizon that will redefine Snap incentives and reduce opportunistic farming.Other upcoming releases include:Cookie Deep Research Terminal: A trader-focused analytics suite designed for precise, AI-enhanced crypto market research. Early testers report that it is already transforming how they interact with real-time data.11- Will enterprise and institutional data use be a focus?Yes. The broader Cookie ecosystem, especially via Cookie3, already includes enterprise-grade tools like:Cookie3 AnalyticsKOL Intelligence dashboardsMeanwhile, Cookie.fun and Snaps are optimized for project-facing and community-scale applications.H. Global Compliance & Moderation12- How does Cookie DAO ensure inclusivity and regulatory compliance?Cookie.fun enforces regional restrictions in accordance with its Terms of Service. Additionally, Cookie DAO works with global community reps to ensure localized communication and inclusivity.13- How is moderation handled within a decentralized governance structure?Moderators—often sourced from the community—operate independently under guidance from the Chef’s Council. They manage disputes, enforce rules, and escalate issues based on DAO guidelines and the Constitution.I. Binance Ecosystem Collaboration14- Beyond the Binance Launchpool listing, are there plans for deeper Binance integrations?$BNB already has a dedicated profile on Cookie.fun. Cookie DAO is open to further collaboration with Binance, including potential Snap competitions or token-based initiatives.J. Differentiation: How Cookie DAO Stands Out15- What sets Cookie DAO apart from platforms like Kaito or Dune?Free Access: Cookie democratizes data by offering most tools for free to logged-in users.Community-First Rewards: Snaps prioritize user rewards over platform fees.Focused Utility: While Dune is dashboard-centric, Cookie specializes in standardized, cross-project crypto social data and real-time sentiment intelligence.16- With $7.5M in monthly emissions, how will inflation be controlled?Emissions are part of the planned tokenomics to reward early believers. Despite token unlocks, $COOKIE has maintained strong performance—reflecting market confidence and deepening user conviction. Many early lockups are now complete, signaling lower inflation ahead.

According to PANews, data disclosed by HODL15Capital on the X platform reveals that BlackRock's Bitcoin Exchange-Traded Fund (ETF), IBIT, has increased its Bitcoin holdings for nine consecutive weeks. The total accumulation amounts to approximately 107,139 BTC. This includes an addition of 12,355 BTC this week, 11,678 BTC a week ago, 10,335 BTC two weeks ago, 616 BTC three weeks ago, 5,271 BTC four weeks ago, 22,359 BTC five weeks ago, 8,158 BTC six weeks ago, 10,415 BTC seven weeks ago, and 25,952 BTC eight weeks ago.

Overall Market Source: TradingViewThe above chart is the BTC price in the 8H candle chart at a log scale.In our previous report dated June 19, we highlighted the disconnect between strong capital inflows from ETFs and enterprises adding Bitcoin to their balance sheets, and the narrow trading range exhibited by Bitcoin’s price. The muted volatility and lack of clear directional momentum raised our analysts’ concerns regarding Bitcoin’s near-term performance. We recommended two trading strategies under different scenarios: buying at support levels and selling at resistance levels.Last Friday, following missile launches by Iran, the market experienced a sharp decline amid escalating geopolitical tensions. Bitcoin moved in tandem with other risk assets and closed lower on Friday. Over the weekend, while traditional markets were closed, the crypto market continued to operate 24/7. Market sentiment was fully reflected in Bitcoin’s price, which briefly dropped below $100,000 on June 22 after US President Trump confirmed that US military forces had destroyed three nuclear facilities in Iran. This military action caused some investor fears of a broader conflict between Iran and the US/Israel, and the risk-off sentiment pushed Bitcoin below its strong support level at $100,000, dipping into the $98,000 range. As we have emphasized previously, the $100,000 level remains a critical support zone, and Bitcoin quickly rebounded above this threshold as a result.Although Bitcoin snapped below $100,000 again on Monday following Iranian missile strikes on US military bases, market sentiment shifted bullish after Iran and Israel agreed to a ceasefire.Currently, Bitcoin is trading near the upper boundary of a bear flag pattern, as shown in the chart above. Our desk has observed over $1.4 billion in capital inflows into Bitcoin over the past three days; however, the price has failed to sustain bullish momentum and break out of this bear flag formation. This sets up a binary scenario for the coming days:Bullish Scenario: Bitcoin breaks above the downward trendline resistance of the bear flag, triggering follow-through buying and a potential surge toward the $112,000 level.Bearish Scenario: Market sentiment turns negative, and Bitcoin faces strong resistance around the $109,000 range, leading to a gradual decline back toward the $104,000 level over the weekend.Looking ahead, the Personal Consumption Expenditures (PCE) price index data is scheduled for release this Friday. Following Fed Chair Powell’s testimony earlier this week, the market expects inflation to show limited immediate impact from tariffs, with effects becoming more apparent from June onward. Our desk believes that any Federal Reserve interest rate cuts will be more closely tied to developments in the US labor market rather than inflation metrics. Additionally, the US reciprocal tariffs have been paused by President Trump for 90 days, with the deadline approaching on July 9. We anticipate increased market volatility as this deadline nears.Our desk remains cautiously neutral on Bitcoin’s near-term price action. While significant capital inflows suggest underlying buying interest, the inability of the price to break key resistance levels signals persistent selling pressure. Traders should prepare for heightened volatility, with potential for either a breakout to the upside or a retracement toward support levels depending on evolving market sentiment and macroeconomic developments.Bitcoin ETF TrackerThe above table is the BTC spot ETF net inflow data in the past five trading sessions.Since Monday, June 23, Spot Bitcoin ETFs have recorded over $1.4 billion in inflows, marking 12 consecutive days of net capital inflow despite the heightened geopolitical tensions experienced last Friday and over the weekend. Over the past 12 trading sessions, a total of $3.5 billion has flowed into Bitcoin and related digital asset classes, with the BTC price moving modestly from $105,000 to $106,000.Amid escalating geopolitical tensions in the Middle East during the weekend, Bitcoin’s price briefly dipped below $100,000 but quickly rebounded to around the $104,000 level. This decline followed missile launches attributed to Iran last Friday, which initially triggered the price drop.The strong capital inflows coupled with relatively muted price movement have heightened our analysts’ concerns regarding Bitcoin’s near-term performance. The disconnect between significant buying pressure and stagnant price action suggests that sellers currently dominate the market. Should the price continue to trade sideways despite sustained large ETF inflows, our analysts anticipate a surge in volatility, potentially leading to an explosive move in Bitcoin’s price.Macro at a glance Last Thursday (June 19, 2025)Australia reported a surprising decline in employment for May, with a drop of 2,500 jobs, contrary to analysts’ expectations of an increase of 20,600. The unemployment rate remained steady at 4.1% for the month.The Bank of England announced its interest rate decision, maintaining the policy rate at 4.25%. Governor Andrew Bailey signaled that a potential rate cut could occur as early as August, citing recent data that points to a weakening labor market.Last Friday (June 20, 2025)UK retail sales for May fell unexpectedly, registering a 1.3% year-over-year decline instead of the anticipated 1.7% increase. Core retail sales also decreased by 1.3%, missing the forecasted 1.8% growth.Monday (June 23, 2025)The US S&P Global Manufacturing PMI for June was revised upward from 51.1 to 52.0, while the Services PMI was also revised higher from 52.9 to 53.1. These upward revisions reflect growing optimism among purchasing managers regarding the US economic outlook following recent tariff uncertainties.Tuesday (June 24, 2025)The US Consumer Confidence Index, as reported by the Conference Board, declined sharply from 98.4 in May to 93.0 in June, falling short of the forecasted 99.4.Federal Reserve Chair Jerome Powell delivered his semiannual testimony to Congress, reiterating a cautious “wait and see” stance on future interest rate adjustments.Wednesday (June 25, 2025)Chair Powell continued his testimony, noting that the impact of tariffs is expected to become more apparent from June onward. He also emphasized that the Federal Reserve still has some room to go with its balance sheet reduction.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API. Join our Telegram Channel (@BinanceOTCTrading) to stay up to date with the markets!

Key Takeaways:Bitcoin rebounded above $107K after a volatile weekend sparked by Middle East tensions.Ethereum lagged behind, while BTC dominance remained high at ~66%.Altseason remains elusive as capital fails to rotate into smaller altcoins.Trump’s criticism of Fed Chair Powell pressured the US dollar, contributing to crypto strength.Analysts eye rate cuts and macro liquidity as potential catalysts ahead.Crypto Markets Stabilize After Middle East Tensions; Bitcoin Outperforms EthereumCryptocurrency markets faced sharp weekend volatility as geopolitical tensions flared between Iran and Israel, sending Bitcoin as low as $98,000. However, by midweek, BTC had reclaimed key support and now trades above $107,000, highlighting its resilience amid global uncertainty. Ethereum followed a similar trajectory but showed deeper downside and a weaker recovery.According to Binance Research, Bitcoin dropped 8.5% from Saturday to Monday before rebounding strongly, while Ethereum fell 17% before partially recovering. Despite the volatility, Bitcoin’s market dominance remained elevated, closing the week at approximately 66%.A BlackRock study cited by Binance Research noted Bitcoin’s historic strength after geopolitical events, averaging a 37% gain in the 60 days that follow. Whether this trend continues depends on macro conditions, including inflation, liquidity, and investor sentiment.Altcoin Season Delayed as Token Supply Dilutes Market RotationDespite Bitcoin’s recovery and a broader market rebound, altcoins have yet to experience a decisive breakout. Analysts point to a key structural shift: while Bitcoin wealth typically spills into altcoins during consolidation phases, the current cycle is diluted by a flood of new tokens and lack of fresh narratives.Data from Dune Analytics shows the number of unique crypto tokens has surged nearly 10x over the past three years across eight major blockchains. This oversupply may be stalling capital rotation, weakening the typical “rising tide lifts all boats” phenomenon seen in previous bull runs.Binance Research notes that unlike previous cycles driven by ICOs or DeFi innovations, the current market lacks a dominant theme. Concepts like meme coins, BitcoinFi, and DePIN are largely iterations of earlier trends. While AI has generated buzz, its real impact on crypto remains limited.Trump-Fed Tensions Shake the Dollar, Support Crypto RallyThe U.S. Dollar Index (DXY) dropped to a three-year low after President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell for not cutting rates. Trump hinted at replacing Powell before his term ends and is reportedly considering several candidates.Fed officials remain split. While Powell adopted a cautious tone during testimony, Trump-appointed members Michelle Bowman and Christopher Waller suggested cuts could come as early as July. The mixed signals have triggered uncertainty in traditional markets but lent strength to crypto and risk assets.As of Friday, U.S. 10-year Treasury yields had fallen to 4.27%, and the VIX volatility index dropped 20% to 16.8 — its lowest since February. These shifts have boosted sentiment across equities and crypto alike.Bitcoin Cements Role as Macro Hedge, but Liquidity Eyes Are on AltcoinsWith Bitcoin dominance holding strong and equities near all-time highs, the crypto market appears to be stabilizing. However, investors remain watchful for a potential altcoin breakout. Analysts suggest that without a strong narrative or unique catalyst, altseason may remain on hold.Looking ahead, all eyes are on upcoming macro data, including inflation readings and central bank moves. Should monetary conditions ease further or ETF inflows persist, Bitcoin may continue to lead — but the broader altcoin market still needs a spark.

According to BlockBeats, several significant macroeconomic events are scheduled in the United States for the upcoming week.On Monday at 21:45 UTC+8, the Chicago PMI for June will be released.Tuesday will feature multiple reports, starting with the final June S&P Global Manufacturing PMI at 21:45 UTC+8, followed by the June ISM Manufacturing PMI, May JOLTs job openings, and May construction spending rate at 22:00 UTC+8.Wednesday's reports include the June Challenger job cuts at 19:30 UTC+8 and the June ADP employment figures at 20:15 UTC+8.Thursday will see a series of releases, including initial jobless claims for the week ending June 21, the June unemployment rate, seasonally adjusted non-farm payrolls for June, and the May trade balance at 20:30 UTC+8. Later, the final June S&P Global Services PMI will be announced at 21:45 UTC+8, followed by the June ISM Non-Manufacturing PMI and May factory orders rate at 22:00 UTC+8.

According to PANews, official data reveals that Circle issued approximately 3.4 billion USDC and redeemed around 3.1 billion USDC in the seven days leading up to June 26, resulting in a net increase of about 400 million USDC in circulation. The total circulation of USDC now stands at 61.6 billion, with reserves amounting to approximately 61.9 billion USD. This reserve includes about 8.6 billion USD in cash and 53.3 billion USD held in the Circle Reserve Fund.

According to Foresight News, data from SoSoValue indicates that Bitcoin spot ETFs experienced a total net inflow of $501 million on June 27, Eastern Time.The Fidelity ETF FBTC led the inflows with a single-day net inflow of $166 million, bringing its historical total net inflow to $11.961 billion. Following closely, the Blackrock ETF IBIT recorded a net inflow of $153 million, with its historical total net inflow reaching $52.309 billion.As of the time of reporting, the total net asset value of Bitcoin spot ETFs stands at $133.17 billion, with an ETF net asset ratio of 6.25% relative to Bitcoin's total market capitalisation. The cumulative historical net inflow has reached $48.872 billion.

According to BlockBeats, U.S. Bitcoin spot ETFs have seen a net inflow of $2.214 billion this week. The breakdown of inflows includes BlackRock's IBIT with $1.31 billion, Fidelity's FBTC with $504.5 million, Bitwise's BITB with $74.1 million, ARK's ARKB with $268 million, Invesco's BTCO with $9.9 million, Franklin's EZBC with $6.2 million, and VanEck's HODL with $21.1 million. Meanwhile, Grayscale's GBTC experienced a net outflow of $5.7 million, while Grayscale Mini BTC saw an inflow of $25.6 million.

According to PANews, Bitcoin Treasury Corporation, a company listed in Canada, has announced the completion of the initial phase of its Bitcoin acquisition plan. The company has purchased 478.57 Bitcoins at a total cost of 70 million Canadian dollars, approximately 51.16 million U.S. dollars. Currently, the company holds 771.37 Bitcoins on its balance sheet. This acquisition is part of a broader strategy to enhance long-term shareholder value.Previously, Bitcoin Treasury Corporation, listed on the Toronto Stock Exchange, completed its first purchase of 292.8 Bitcoins.

According to Foresight News, Ric Edelman, chairman of the Digital Assets Council of Financial Advisors, suggested in an interview with CNBC that investors should allocate 10% to 40% of their investment funds to cryptocurrencies. This marks a significant increase from his recommendation of 1% four years ago.Edelman explained that uncertainties surrounding the U.S. government's stance on Bitcoin, the potential obsolescence of the technology, and the acceptance by consumers and institutions have been resolved. He noted that Bitcoin's price movements are not synchronized with those of stocks, bonds, gold, oil, or commodities, highlighting the unique return opportunities offered by the crypto asset class compared to almost any other asset category.

According to Odaily, NOYA.ai has released a report detailing a recent hacking incident. The breach occurred due to unauthorized access by a developer to a wallet with permissions to add connectors to the protocol, resulting in a total loss of approximately 14.5 ETH. In response, the malicious connector has been removed, and contract ownership has been updated to safeguard funds. The attacker's address has also been reported to centralized exchanges. Moving forward, NOYA.ai plans to hire external security auditors for a comprehensive review, introduce delay/time-lock connectors, launch a bug bounty program, and conduct a thorough audit of all access control features.

According to PANews, Ethereum co-founder Vitalik Buterin announced on the X platform that the Ethereum client Geth has released version 1.16.0, which introduces archive nodes based on PBSS. This update significantly reduces the storage space required for a Geth archive node from over 20 TB to approximately 1.9 TB. Users can now query historical states, such as the balance at a specific block, although proofs for these historical states are not yet available.

According to PANews, Ethereum co-founder Vitalik Buterin has raised concerns about the risks associated with digital identity, even when wrapped in zero-knowledge (ZK) proofs. In his article, Buterin acknowledges that ZK-wrapping addresses many significant issues but highlights that risks remain, particularly those unrelated to biometrics. Most of these risks, such as privacy breaches, susceptibility to coercion, and errors, stem from attempts to maintain the 'one person, one identity' principle.Buterin contrasts this with the use of 'proof of wealth' as an anti-sybil attack measure, which he argues is insufficient for many use cases. He suggests that an ideal theoretical solution lies between these two extremes. However, achieving this balance in practice is challenging. Instead, Buterin advocates for a 'plural identity' approach as the best practical solution. This approach can be explicit, such as those based on social graphs, or implicit, involving various types of zero-knowledge proofs, none of which can dominate the market entirely.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.29T, up by 0.75% over the last 24 hours.Bitcoin (BTC) has been trading between $106,357 and $107,709 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $107,327, up by 0.43%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PENGU, BANANAS31, and W, up by 23%, 20%, and 19%, respectively.Top stories of the day:Japan and U.S. Hold Talks on Tariff Policies Ripple CEO Announces End to SEC Legal Battle U.S. Ends Trade Talks with Canada Over Digital Tax Dispute BlackRock's Bitcoin Holdings Reach Record High EU and US Confident in Reaching Tariff Agreement by July Deadline Ethereum Records Third-Highest Daily Transaction Volume U.S. Inflation Rate Expectations for June Show Slight Decline U.S. Core PCE Price Index for May Exceeds Expectations Cookie DAO’s InfoFi Play: Snaps, DataSwarm & AI Tokenomics Explained Binance Research: Bitcoin Recovers From Geopolitical Shock, but Altcoin Season Still Out of ReachMarket movers:ETH: $2424.05 (-1.01%)XRP: $2.1835 (+4.37%)BNB: $646.22 (+0.41%)SOL: $145.95 (+2.93%)DOGE: $0.16254 (+0.86%)TRX: $0.2753 (+1.59%)ADA: $0.5596 (+0.58%)WBTC: $107253.34 (+0.39%)BCH: $499.1 (+0.14%)TRUMP: $8.97 (+0.67%)

According to Foresight News, Ethereum co-founder Vitalik Buterin has expressed that while dual governance is not without flaws, it addresses significant issues. He highlighted that dual governance offers an additional independent layer of defense to prevent the system from taking particularly harmful actions. Furthermore, it ensures that Ethereum users are involved as stakeholders, rather than relying solely on informal, "vibe-based" consensus.

According to Cointelegraph, Dwayne Golden, 57, has been sentenced to 97 months in prison for his involvement in a significant crypto Ponzi scheme. A federal judge in Brooklyn delivered the sentence on Friday, following Golden's conviction for wire fraud and money laundering. The Department of Justice (DOJ) revealed that Golden orchestrated scams through three digital asset firms—EmpowerCoin, ECoinPlus, and Jet-Coin—defrauding investors of over $40 million.Federal prosecutors detailed how Golden and his associates promised investors guaranteed returns from crypto trading that never occurred. Instead, the funds were used to repay earlier investors or were misappropriated by the conspirators, a classic Ponzi scheme tactic. The companies collapsed soon after collecting investor deposits, leaving victims with substantial financial losses. The fraudulent activities took place between April and August 2017, with Golden and his partners falsely promoting their firms as international crypto traders.Following the collapse of their companies, Golden and his co-defendants attempted to obstruct investigations by the Federal Trade Commission and a federal grand jury. Their efforts included destroying evidence and providing false information. United States Attorney Joseph Nocella described the scheme as an exploitation of investor enthusiasm for new technology, noting that the companies offered no legitimate services and conducted no actual cryptocurrency trading.In addition to his prison sentence, Golden was ordered to forfeit approximately $2.46 million. Co-defendant William White received a 30-month sentence, while Gregory Aggesen and Marquis Egerton, also known as Mardy Eger, are awaiting sentencing. FBI Assistant Director Christopher Raia condemned the conspiracy as an elaborate scheme rooted in deceit and false promises, emphasizing Golden's disregard for integrity. Raia praised the sentence as a deterrent to potential scammers.The DOJ has urged investors who suffered losses from the scheme to submit restitution claims through the FBI's dedicated portal. In a related incident earlier this month, five men pleaded guilty to orchestrating a $36.9 million crypto scam that defrauded Americans and funneled funds to a crypto scam center in Cambodia. The defendants targeted victims via social media, messaging apps, and dating platforms, enticing them with false promises of profitable crypto investments. So far in 2025, over $2.1 billion has been stolen in crypto-related incidents, with most losses attributed to wallet compromises and key mismanagement, according to CertiK co-founder Ronghui Gu.

According to Odaily, Japan's Minister for Economic Revitalization, Akazawa Ryoichi, met with U.S. Commerce Secretary Lutnick in Washington on the 27th local time. This meeting marked the seventh round of ministerial talks between Japan and the United States concerning the high tariff policies of U.S. President Donald Trump's administration. The Japanese government reported that the discussions were productive and emphasized the ongoing efforts to coordinate between the two nations to reach a mutually beneficial agreement. Akazawa did not speak to the media immediately following the talks, which lasted about an hour. With the suspension period for reciprocal tariff increases ending on July 9 and Japan's Upper House election vote counting set for the 20th, Akazawa urged a significant reduction in the tariff rates on automobiles, which Japan considers a matter of national interest.

According to BlockBeats, data from Coinglass reveals that the current funding rates on major centralized and decentralized exchanges indicate a bearish market sentiment. The funding rates for key cryptocurrencies are shown to reflect this trend.Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This system facilitates the exchange of funds between long and short traders, without the platform charging a fee, to adjust the cost or profit of holding contracts and keep contract prices aligned with the underlying asset prices.A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it suggests a bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it indicates a bearish market sentiment.