Hubei police in China have cracked a case of using Tether to commit fraud, involving domestic "riders" helping fraudsters transfer funds

The five major banking groups led by the American Bankers Association jointly sent a letter to the US Securities and Exchange Commission (SEC) on May 22, requesting the repeal of the "Cybersecurity Risk Management Rules" issued in July 2023, which required listed companies to publicly disclose cybersecurity incidents within four days. Participating in the joint signature include institutions such as the Securities and Financial Markets Association and the Banking Policy Research Institute. The banking industry group pointed out that this rule directly conflicts with the confidentiality reporting requirements for protecting critical infrastructure, which may hinder incident response and enforcement actions, and cause market chaos. They specifically requested the cancellation of the "1.05 clause" in the 8-K form; It is believed that the existing framework for major information disclosure is sufficient to protect the interests of investors. This rule also applies to listed cryptocurrency companies. At the beginning of this month, Coinbase faced at least seven lawsuits for disclosing user data breaches. The company refused to pay a ransom of $20 million and estimated potential losses of up to $400 million. If the rules are cancelled, relevant companies will have more flexible disclosure time for events. (PANews)

The current price is hovering around 2552.5, which is the maximum trading volume support level displayed by the chip distribution (2552.5, accounting for 6.58%). But the 1-hour cycle K-line shows a top parting pattern, coupled with the KDJ dead cross, there is a risk of short-term breakout. If it falls below this support, the secondary support of 2535.5 below will be tested. From the perspective of chip structure, 2548-2557 is the key price range with the highest transaction density. The current price is at the upper edge of the region, with fierce long short competition. Combined with the moving average system, EMA24 has surpassed EMA52, indicating a weakening trend in the medium to long term. Unlock member indicators, accurately grasp support pressure levels, and stay ahead to predict market turning points. The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.

OKX will open the spot trading pair HUMA/USDT at 9:00 PM (UTC+8) on May 26, 2025. Project Introduction: Huma Finance is a PayFi network that supports global payment financing by providing instant liquidity.

BlockBeats News: On May 26th, according to DefiLlama data, the net inflow of funds from Arbitrarum's cross chain bridge in the past 7 days reached 1.075 billion US dollars, ranking first among all public chains. Next are Sei and Optimism, with net inflows of $43.24 million and $32.94 million, respectively. Ethereum, Bera, and Noble had net outflows of $292 million, $79.2 million, and $46.62 million, respectively.

According to Cointelegraph, cryptocurrency exchange Coinbase and its executives have been sued by investor Brady Nessler for a data breach and failure to disclose UK regulatory violations. The indictment points out that the data breach incident in May led to a daily drop of 7.2% in stock prices, and the $4.5 million fine imposed in July 2024 for violating the UK FCA agreement also caused stock price fluctuations. Coinbase previously disclosed that internal personnel have accepted bribes and leaked user data, which could result in a loss of $400 million. This is the first class action lawsuit against Coinbase's stock price decline claims, covering stock buyers between April 2021 and May 2025. The lawsuit accuses the company of failing to disclose regulatory violations in a timely manner and is suspected of inflating its stock price. Coinbase currently has no comment. Previously, the platform has faced multiple lawsuits due to data breaches, including allegations of mishandling user biometric data.