Sun Yat-sen and Star's confrontation about the stolen funds from Trondao, merely to hype OKX Pay?
Sun Yat-sen and Star's remote conversation about the stolen funds from Trondao
Recently, @trondao's official Twitter account was hacked, and subsequently, Sun Yat-sen stated on Twitter (now deleted): We urgently call on OKX to freeze and investigate the fraudulent funds deposited after @trondao's Twitter account was hacked. We believe OKX will take swift and responsible action to ensure its platform does not become a haven for fraud. He also stated that law enforcement has intervened and is actively investigating the case, and provided associated addresses.
Subsequently, Star quoted the post and stated: 'Dear Mr. Sun Yat-sen, OKX has a public Law Enforcement Cooperation policy. You can provide preliminary evidence of the incident through public reporting channels, and we will proceed with a temporary emergency freeze based on the evidence. Then you should cooperate with law enforcement to provide us with the legal documents for continued freezing. OKX also has policies to legally protect consumers, we cannot freeze customer funds based on your personal X posts or verbal communications. I believe, as the CEO of HTX, you should understand this.'
Gold has fallen from $3,400 to $3,211! Analysts predict it may continue to fall in the future?
The most popular gold among Chinese people experienced significant volatility in April, with gold prices surging to $3,400 last month and then dropping to $3,211. Economictimes reports that the decline in gold prices may be influenced by the easing of global trade tensions, coupled with China's long May Day holiday, during which the market was closed. This leading gold-holding country has seen more selling than buying, leading to a short-term liquidity vacuum.
Economictimes reminds that focus will be on next week's U.S. non-farm payroll report to gauge future economic outlook. Data released last Wednesday showed that the overall U.S. economy was in recession during the first quarter, with businesses in a wait-and-see mode regarding Trump's tariff sanctions and potential developments. As many companies rushed to import large quantities of goods before tariff sanctions, consumers hoarded products, leading to a temporary flat personal consumption index in March. All eyes are currently on the U.S. non-farm payroll wage report scheduled for release on Friday. Federal Reserve policymakers stated that interest rates will remain unchanged unless there are clear signs of inflation dropping to 2% or a continued deterioration in the labor market.
Warren Buffett announces retirement at the end of the year! Directly watching the Berkshire shareholders meeting, the cash level has reached a new high, will the buying point appear within five years?
At the 2025 Berkshire Hathaway shareholders meeting, Warren Buffett finally announced that he would hand over the position of CEO to his successor Greg Abel before the end of the year. This shareholder meeting, which is hailed as the most grand one, also had many focuses, such as Berkshire Hathaway has been selling stocks for ten consecutive quarters and its cash level has reached a new high. Even if Japan raises interest rates, it has no intention of selling stocks, and uses "churches and casinos" as a metaphor for the development of American capitalism. And Buffett himself talks about the current market situation, etc. Chain News takes you to the front line.
Berkshire Hathaway sells stocks for ten consecutive quarters, and its cash on hand hits a new high
Ark Invest | From 'Rolling Recession' to AI Productivity Recovery: Is the U.S. Economy Brewing a Structural Turnaround?
Every 'Employment Report Friday', the market always holds its breath for clues about economic trends. Recently, the U.S. economy seems to be on an unusual track. Although overall data has not shown a comprehensive recession, multiple industries have already entered a winter. Ark Invest founder Cathie Wood deeply interprets the content of the investment letter released, revealing the economy's 'rolling recession', the labor hoarding behaviors of companies, the double-edged sword role of AI and automation, and why the current sluggish sentiment may be the prelude to the recovery of the innovative economy.
Labor hoarding phenomenon: Businesses are still holding up, but pressure is brewing.
Solayer and Nubit jointly launched the Emerald Card that accumulates Bitcoin rewards, where spending can accumulate points to exchange for airdrops and real-world rewards.
A new example of Web3 consumer card products. The decentralized payment infrastructure Nubit announced a collaboration with the SVM public chain Solayer to launch the first consumer card 'Emerald Card' that supports the new level protocol Bitcoin Thunderbolt, allowing users to accumulate points through daily spending to exchange for Bitcoin rewards. Recently, the 'Emerald Points' system has also officially launched, combining on-chain rewards with real-world feedback.
Spend to accumulate points, expanding on-chain reward scenarios.
According to official explanations, users can accumulate Emerald Points through daily spending; the higher the spending amount, the more points can be earned. In addition, Solayer has designed various interactive methods to encourage participation, including monthly challenges, task milestones, cooperative tasks, and referral mechanisms.
Solayer and Nubit launch the 'Emerald Card', the first to support Bitcoin Thunderbolt, allowing the accumulation of on-chain points that can be redeemed for airdrops and real-world rewards.
A new example of Web3 consumer card products. The decentralized payment infrastructure Nubit announced its collaboration with the SVM public chain Solayer to launch the 'Emerald Card', which not only becomes the first consumer card to support the new level protocol Bitcoin Thunderbolt but also allows users to accumulate points through daily consumption to redeem Bitcoin rewards. Today, the 'Emerald Points' system has officially launched, combining on-chain rewards with real-world feedback.
Points are accumulated with spending, expanding on-chain reward scenarios.
According to official information, users can accumulate Emerald Points through daily spending. The higher the spending amount, the more points can be earned. In addition, Solayer has designed various interactive methods to encourage participation, including monthly challenges, milestone tasks, collaborative missions, and referral mechanisms.
The Buffett Indicator has recently declined. The Berkshire shareholder meeting will reveal whether Buffett has bought on dips.
The Oracle of Omaha (Warren Buffett) has seen his Buffett Indicator recently fall to last September's low. Is this a buying signal? Berkshire Hathaway will hold its annual shareholder meeting in Omaha this weekend, and many predict that this could be the last time 94-year-old Buffett fully participates in the meeting. Investors will closely watch whether Buffett has started using the company's record cash reserves to buy cheap assets in the market.
The Buffett Indicator has recently declined. Will it repeat the big rebound after last year's yen arbitrage liquidation?
In a December 2001 interview with Forbes, Buffett mentioned that the ratio of total market capitalization to GDP could serve as a gauge to determine whether the overall stock market is overvalued or undervalued, thus it is commonly referred to as the Buffett Indicator. This indicator can measure whether the current financial market reasonably reflects fundamentals. Buffett's theoretical index indicates that 75% to 90% is a reasonable range, while over 120% suggests that the stock market is overvalued. According to charts from Financial M Square, the Buffett Indicator has remained at elevated levels since 2016, hovering above 200 from late last year to early this year, but fell to 165 in early April. Its current value stands at 189, approximately equivalent to the level following last year's yen arbitrage liquidation, which temporarily but sharply depressed the indicator, after which the stock market saw a significant rebound.
ChatGPT Update Triggers 'People-Pleasing Personality' Controversy: OpenAI Rolls Back Update and Reviews Future Improvement Directions
On April 25, OpenAI launched the new version GPT-4o update in ChatGPT, but users quickly discovered that this update made the AI model excessively 'people-pleasing', not only in language but even reinforcing negative emotions or encouraging impulsive behavior. This update raised safety and ethical concerns, and OpenAI ultimately announced the rollback of the update on April 28, publicly explaining the origins and ramifications of this incident.
Controversy over the update: GPT-4o criticized for being 'too obedient'
The original purpose of this update was to improve the response quality of ChatGPT, including better understanding user needs, integrating memory functions, and updating data sources. However, the actual effect resulted in the AI model becoming overly accommodating to users, not only being 'nice' in tone but also fostering user anger, endorsing incorrect viewpoints, and reinforcing anxiety and negative behavioral tendencies. OpenAI believes this tendency is not only concerning but could also pose risks to mental health and behavioral safety.
Trump will negotiate with China, with China holding three trump cards and preparing to retaliate against tariff sanctions.
President Trump has imposed increased import tariffs on China, and Chinese authorities are responding by imposing higher tariffs on U.S. imports, blacklisting U.S. companies, and restricting U.S. access to rare earth elements, which are essential materials for manufacturing high-tech products.
Trump has recently seemed to express goodwill, stating that he will engage in dialogue with China in a friendly manner. China is ready to counter Trump’s earlier aggressive stance, preparing to retaliate against his sanctions in a show of reciprocity.
CNBC interviewed several officials and experts who suggested tariff sanctions and further retaliation that China could impose on the United States. CNBC spoke with Brad Setser, a researcher at the Council on Foreign Relations, who stated that China is the second-largest supplier of products to the U.S., and the importance of Chinese exports to the U.S. should not be underestimated. Before April of this year, the average tariff imposed by the U.S. on China was 20%. By the end of April, some products had already risen to 124%, leaving many traders unable to think of countermeasures due to the current situation.
Forgery of documents is not a trivial matter and is highly related to the crime of fraud. Let’s talk about the Keelung government official incident.
Keelung City Civil Affairs Director Zhang Yuanxiang recently admitted to violating the Personal Data Protection Act and the Criminal Code for forgery of documents, and has resigned and his resignation has been approved. According to media reports, Zhang is suspected of abusing his power to enter the household registration system and illegally obtain people's personal information for the purpose of creating a petition to recall specific legislators. If this case is verified to be true, it is not just a general administrative negligence, but may involve deeper legal issues.
Forgery of documents is closely related to the crime of fraud
First of all, forging documents is not only a formal falsification, its essence is often highly intertwined with the crime of fraud. According to the statistical analysis of cases of "forgery of documents and seals" by the Ministry of Justice of the Republic of China (from October 2017 to 2012), among the 58,249 criminal suspects, as many as 72.8% were also involved in other crimes, among which fraud was the most common, accounting for 38.7%. These data show that in practice, forged documents are often just part of a larger fraud structure.
With a market value that once reached $1.15 trillion! How AI chip giant Broadcom AVGO broke into Google, Meta, and AWS
In the past, people might have only recognized NVIDIA, AMD, and TSMC, but now another low-profile yet powerful AI chip giant, Broadcom (AVGO), is also making a strong emergence. Not only has its performance skyrocketed, but it also broke through a market value of $1 trillion by the end of 2024, surpassing Tesla and TSMC, ranking ninth among the world's top ten companies by market value.
Why Broadcom deserves attention
Possesses core design and supply capabilities for AI chips
Hardware & Software serve as stable revenue sources; even with fluctuations in chip markets, enterprise software can balance risks
Tech giants like Google, Meta, and AWS are major partners
Metaplanet makes another move! Issuing the 12th interest-free corporate bond, with all funds invested in Bitcoin purchases.
Another issuance of corporate bonds adds up to a total of 3.6 billion yen.
Metaplanet Inc. (Tokyo Stock Exchange Standard Market Code 3350) officially announced on May 2, 2025, that the board of directors has resolved to issue a total of 3.6 billion yen in 'the 12th ordinary corporate bond.' This bond is fully subscribed by EVO FUND and payment will be completed on the same day.
The face value of each bond issued this time is 90 million yen, totaling 40 bonds, scheduled for redemption on October 31, 2025. Unlike ordinary corporate bonds, this bond does not pay interest, is unsecured, and does not require the appointment of a bond manager, indicating a high level of trust in the collaboration between Metaplanet and EVO FUND.
Make Trump Great Again? US logistics company Fr8Tech invests tens of millions of dollars to launch Trump coin investment plan
US Nasdaq-listed logistics company Freight Technologies (Fr8Tech) announced that it will secure up to $20 million in convertible bond financing to establish a crypto asset treasury, specifically for purchasing the Trump meme coin TRUMP, as part of a dual strategy to support fair trade between the US and Mexico and strengthen corporate crypto asset allocation.
Logistics company invests in TRUMP meme coin as financial reserve?
US Nasdaq-listed logistics solutions company Fr8Tech (stock code: FRGT) announced that it has reached an agreement with an unnamed institutional investor to raise up to $20 million through convertible notes.
Boop.Fun ignites market hot topics: How does $BOOP become the new star of Solana, challenging the position of Pump.fun?
The meme coin craze is sweeping the crypto market, and a new star 'BoopDotFun' has recently emerged in the Solana ecosystem. Launched by renowned NFT collector @dingalingts, it generated widespread attention within just one day of its launch, and its platform token $BOOP even surged to a market cap of $500 million. This article will delve into the operational mechanisms of BoopDotFun, user participation strategies, and its competitive positioning among various launch platforms.
What is BoopDotFun? The meme launch 'alchemy' on Solana.
BoopDotFun is a meme coin launch platform on Solana, committed to creating a positive circular ecosystem that encourages creation, trading, and holding. Its biggest feature is designing a reward mechanism centered around the ecological token $BOOP, using 'successful launching of tokens on the external market', that is, transferring to external liquidity pool trading, as the reward threshold and trigger point.
Ethereum's scaling solution R1 is here! Emphasizing no token issuance or fundraising, the new generation of L2 highlights decentralization and public welfare.
Recently, a group of independent developers launched a new L2 scaling solution called 'Ethereum R1', which uniquely emphasizes no token issuance, no fundraising, and no centralized governance, relying entirely on community donations for support, while also stressing the spirit of 'returning to the essence' of scaling. This plan reflects the community's concerns about the current mainstream L2 increasingly deviating from the spirit of decentralization.
Ethereum R1, which does not follow the traditional L2 route: No private placement, governance tokens, purely relying on donations.
R1 is initiated by a group of developers within the Ethereum ecosystem, but it is not affiliated with the Ethereum Foundation, and was announced on Twitter (X) on May 1, claiming:
Two veteran crypto players reveal the most painful mistakes they made on their crypto journey: you don't have to repeat them.
In the high-risk, high-reward market of cryptocurrencies, one wrong step often comes at a high cost. To this end, two veteran players in the crypto space, @crypto_condom and @DeFiIgnas, shared the painful mistakes they made over the past few years in the crypto field. Chain News will reveal and organize their key strategies for maintaining profits.
Crypto condom: Subjective biases may lead to missed opportunities.
With six years of experience in crypto, Crypto condom publicly revealed the seven major mistakes he made during his journey in the crypto space, including:
The Financial Supervisory Commission promotes the draft of the 'Virtual Assets Service Act'! It is expected to be submitted to the Executive Yuan by the end of June at the earliest, with lending operations first included under a specialized law
Taiwan's virtual asset regulation is entering a new phase. The Financial Supervisory Commission recently announced the draft of the (Virtual Assets Service Act) and plans to submit it for review to the Executive Yuan by the end of June at the earliest. To gather public opinion and industry voices, the Financial Supervisory Commission plans to hold more than 22 public hearings. The new regulations not only concern market order and investors' rights but also become a key turning point for the future development of domestic operators and international competitiveness.
The draft is in the final stages, and the Financial Supervisory Commission plans to hold 22 public hearings
Financial Supervisory Commission Chairman Peng Jinlong pointed out in an interview on April 30 that the (Virtual Assets Service Act) draft is entering the final revision stage and is expected to be submitted to the Executive Yuan before the end of June. To fully consolidate suggestions from all sectors of society, the Financial Supervisory Commission will hold at least 22 public hearings, hoping to create a legal framework that balances innovation and risk management.
The NTD surges by seven jiao; the Taiwan Central Bank clarifies: The US is not pressuring the NTD to appreciate
The NTD has recently appreciated significantly against the US dollar, dropping from 33.2 at the beginning of April to today’s 31.2, with an appreciation of 5% over the month, and an increase of seven jiao just today. The Taiwan Central Bank rarely issued a press release stating that recent media reports claiming the US requested the NTD to appreciate and mentioning specific exchange rates are not true.
The NTD has risen above 32; the Central Bank: The US's request for the NTD to appreciate is not true.
The Taiwan Central Bank has issued the following statement regarding the appreciation of the NTD:
1. From April 9 to the present, the US has conducted trade negotiations with Japan, South Korea, and other countries. Some media mentioned the Mar-a-Lago Accord and speculated that during tariff negotiations with major trading partners, the US might request the currencies of those partners to appreciate.
Quantitative easing has reignited the BTC bull market! Arthur Hayes: Bitcoin will bottom at 74K, and an altcoin season focused on fundamentals will arrive.
Bitcoin has once again become a safe haven amidst Trump's increased tariffs and turmoil in the global financial markets. BitMEX founder Arthur Hayes stated in an interview at Token 2049 in Dubai on May 1 that his Maelstrom fund has fully increased its position in Bitcoin and predicts that the next wave of capital will flow to high-quality altcoins that are 'genuinely profitable'. He also provided key observations on Trump's tariff policy restart, global capital flows, and institutional buying behavior, stating that quantitative easing (QE) will reopen, and this Bitcoin bull market has just begun.
Maelstrom has fully invested in Bitcoin, buying from $90,000 all the way down to $74,000.
WLFI based in Dubai announces USD1 as the official stablecoin for the UAE's $2 billion investment in Binance
Zach Witkoff, co-founder of World Liberty Financial (WLF), led by the Trump family, recently announced that its new stablecoin USD1 will be used to complete a strategic investment of up to $2 billion by Abu Dhabi investment giant MGX in the exchange Binance. This statement not only markets the financing use case of USD1 but also helps establish its presence in the UAE.
From the United States to Dubai: USD1 backs a $2 billion investment project
Zach Witkoff revealed this news at the Token2049 summit held in Dubai recently. This public discussion was participated by Witkoff, TRON founder Justin Sun, and Eric Trump, the eldest son of former President Donald Trump: