2025-05-08 12:45
Wrote about Ethereum ETFs earlier this week via my Ether ETF Chart pack. Everyone likes to Pile onto Ether but the ETFs are doing decently well as far as flows go. The problem is that assets are lower now than when they launched.
24/7 Flashes
More >Today 2025-05-23
07:30
Global law enforcement operation destroys dark web drug network, seizes $200 million in cash and cryptocurrency assets
According to Decrypt, the US Department of Justice announced that in Operation RapOr, 10 countries worldwide arrested a total of 270 people, seized $200 million in cash and cryptocurrency assets, and seized over 2 tons of drugs, including 144 kilograms of fentanyl containing drugs. This is the largest law enforcement operation of the J-CODE project in the United States to date, focusing on cracking down on drug networks that trade through the dark web and cryptocurrency. During the operation, the operators of drug markets Nemesis and Incognito Market were also seized, and encrypted assets once again became the focus of cross-border criminal money laundering tools.
07:20
Justin Sun showcases the Trump Tourbillon watch he received as a gift at the TRUMP dinner
BlockBeats News: On May 23rd, Justin Sun posted pictures on the X platform showcasing the Trump Tourbillon watch he received as a gift at the TRUMP dinner. Previously, the organizers of the TRUMP dinner announced that the top four holders attending the TRUMP dinner will receive a Trump Tourbillon watch. It is reported that each Trump Tourbillon watch has a number, and only 147 pieces are issued worldwide. President Trump owns the No.1 watch.
07:09
Lumes: Digital assets represent the future, and we have a responsibility to ensure that the United States continues to lead this process
Foresight News reported that according to Cointelegraph, US Senator Cynthia Lummis, Chair of the Senate Banking Digital Assets Subcommittee, recently stated, "Digital assets represent the future, and we have a responsibility to ensure that the United States continues to lead this process
07:08
WSPN launches a new official website showcasing its vision for the next generation of stablecoin infrastructure
According to Foresight News, WSPN (Worldwide Stablecoin Payment Network) has launched a newly designed official website showcasing its vision for the next generation of stablecoin infrastructure. The revised website showcases WSPN's development journey beyond traditional stablecoins, emphasizing its role in reshaping the future of payments and promoting digital globalization. The website provides a detailed introduction to WSPN's comprehensive service suite designed for daily users and institutional clients, aimed at connecting traditional finance with Web3 environments. The new website showcases multiple core features: a fast and reliable deposit and withdrawal channel supported by hundreds of partners; Multi chain availability and conversion, deployed on more than 8 leading blockchains; Developer friendly API and dashboard access. In addition, the website also emphasizes WSPN's operational data, including processing over $10 million in transactions daily and serving over 500 institutional clients. Users can complete the casting and destruction operations within 5 minutes and enjoy a lossless 1:1 stablecoin exchange service throughout the day.
06:57
The court ruled that the plaintiff shall bear the losses on their own due to the unjust enrichment dispute caused by trading virtual currencies
BlockBeats News: On May 23rd, according to Southeast Net, the Mawei Court in Fujian, China recently concluded a dispute over unjust enrichment caused by trading virtual currencies. In April 2024, a man named Sui contacted a man named Ye on a certain platform and expressed his desire to purchase virtual currency. After Ye agreed, Sui paid 18000 yuan to Ye through his Alipay account that day. Ye sold to Sui at a price of 7.6 yuan per virtual currency, with a total transaction quantity of 2368.42 virtual currencies. Afterwards, there was a dispute between the two parties over the purchase of virtual currency. Sui sued Ye to the Mawei Court, demanding that he return the unjust gains of 18000 yuan. Recently, the Mawei Court ruled that at the current stage in China, online virtual currencies do not have the same legal status as legal tender and cannot and should not be used as currency in the market. Citizens investing in and trading virtual currencies have disrupted the country's financial management order and constituted a violation of public order and good customs, and are not protected by law. In this case, Mr. Sui managed money through Mr. Ye's investment in virtual currency on the Internet platform. His behavior does not belong to the scope of civil law adjustment and protection in China, and the consequences should be borne by Mr. Sui himself. Sui's request for Ye to return the unjust gains of 18000 yuan lacks factual and legal basis and cannot be supported. According to Article 8 and Article 153 of the Civil Code of the People's Republic of China, the plaintiff Sui's lawsuit request is rejected. The verdict has now come into effect. Many people are tempted by the so-called 'high returns' of virtual currencies, but they overlook the legal risks and security risks behind them. The judge reminds investors to raise their risk awareness, choose legal, compliant, and stable investment channels, and not participate in the' dangerous game on the edge of the legal red line 'of virtual currency trading.