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Share link:In this post: The CrediX team deleted the platform’s X account, sparking speculation that the recent hack was a rug pull. Other DeFi protocols on Sonic were also affected, and are now scrambling to contain the damage. Some of the stolen funds are already mixed through TornadoCash, though Sonic Labs and Stability DAO are still investigating the exploit.
Share link:In this post: Gold fell to $3,463 after hitting a record $3,530 as the White House announced plans to clarify bullion tariff rules. U.S. Customs confirmed 1-kg and 100-oz gold bars from all countries face the 39% tariff. Traders warn tariffs could raise settlement costs, widen the New York–London price gap, and hurt liquidity.
Share link:In this post: Elon Musk says Tesla will prioritise inference chips for real-time AI decisions. Media report claims in-house Dojo supercomputer team has been shut down. The move comes amid restructuring, job cuts, and intensifying EV market competition
Share link:In this post: Nasdaq closed at 21,450.02, a new record, after gaining 0.98% Friday. S&P 500 rose 0.78% and Dow added 0.47%, both ending the week higher. Apple surged 13% this week after announcing a $600B U.S. investment plan.
Share link:In this post: In the first half of 2025, China nearly overtook the United States as Germany’s largest trading partner due to tariff disruptions. This shift indicates a broader trend in global trade, where China is increasingly becoming a dominant player in the European market, challenging U.S. influence. The World Trade Organization has warned that global trade will be significantly affected if rising tensions are not resolved.
BlackRock has confirmed it has “no plans at this time” to launch spot ETFs for XRP or Solana, despite Ripple’s legal victory. The decision has fueled industry debate, with some analysts calling it a prudent focus on Bitcoin and Ethereum, and others warning it could be a costly oversight.
- 04:42Hong Kong SFC Clarifies Robust Custody Standards for Virtual Asset Trading Platforms to Safeguard Client AssetsAccording to Jinse Finance, the Hong Kong Securities and Futures Commission (SFC) issued a circular today to all licensed virtual asset trading platforms, outlining its requirements for the prudent custody of client virtual assets. This move lays a solid foundation for the industry to gradually adopt more advanced custody technologies under the ASPIRe roadmap. In the latest circular, the SFC lists several best practice examples and the minimum standards that virtual asset trading platform operators should meet, covering areas such as the responsibilities of senior management, the infrastructure and operation of client cold wallets, the use of third-party wallets, and real-time threat monitoring. In the future, these standards will also become core regulatory requirements for virtual asset custodians and will help promote the establishment of an effective virtual asset custody framework within the industry. (Jin10)
- 04:32Opinion: stETH Faces Depegging Risk, Potentially Triggering Liquidations on Lending ProtocolsAccording to a report by Jinse Finance, Jlabs Digital analyst Ben Lilly pointed out that stETH is currently being withdrawn from Lido. Meanwhile, another lending protocol, Figment, is absorbing Lido’s market share, which suggests that Figment could potentially be a staking partner for ETFs. 32% of stETH (wstETH) is being used as collateral in lending protocols, and a depegging event could trigger liquidations within these protocols. Notably, at present, 278,000 wstETH are in a “high-risk” state (with high risk defined as a health factor between 1 and 1.1).
- 04:26Data: Over 788,000 ETH Queued to Exit Ethereum PoS, Setting a New RecordAccording to ChainCatcher, citing validatorqueue data, the current Ethereum PoS network exit queue stands at 788,624 ETH, valued at approximately $3.651 billion, marking a record high in exit volume denominated in ETH. Meanwhile, about 332,846 ETH are queued to join the network. This situation reflects two opposing forces in the market: on one hand, some stakers may be choosing to cash out after Ethereum rebounded more than 160% from its April low, resulting in a surge in the exit queue; on the other hand, new capital driven by favorable regulatory developments and institutional demand is also pushing up the entry queue, as publicly listed companies such as SharpLink Gaming and BitMine Immersion increase their ETH holdings and participate in staking.