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On June 12th, PANews published an article in the First Financial Journal titled "Coin Circle Stares at LABUBU, Illegal Speculation on 'Games' hides huge risks". The article pointed out that a virtual currency called "LABUBU" has quietly gone online recently, leveraging the popularity of trendy gaming IPs, and has been listed for trading on multiple exchanges. In the early stages of its launch, the price of the virtual currency experienced a sharp rise, but then experienced a significant decline. The reporter saw on the promotional webpage that LABUBU coin is not officially issued by Bubble Mart, but is launched by a group of community driven developers. Industry insiders remind that the launch of LABUBU coin is a typical speculative behavior in the cryptocurrency circle, and its huge price fluctuations fully expose the extremely high investment risks behind it. Most of these projects are worthless, and their essence is fraud and pyramid schemes.

According to official sources, OKX Wallet has now launched a professional trading mode. This mode is similar to the layout setting of OKX exchange, which puts K-lines, trading history, and other settings on the same page, providing users with multidimensional information to assist trading decisions while reducing the learning cost of users participating in on chain trading. It is reported that OKX Wallet, as a leading one-stop Web3 portal in the industry, has supported 130+popular public chains. Users need to update the OKX App to version 6.123 or above to experience this feature.

According to AiCoin monitoring, a large amount of funds flooded into the US spot BTC ETF market yesterday, with a net inflow of up to $165 million. Among them, IBIT was the largest inflow, with a daily net inflow of $131 million; Next is HODL, with a total of 15.4 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

Odaily Planet Daily News: According to OnchainLens monitoring, about 40 minutes ago, a giant whale address once again transferred 40 million USDT to World Liberty Finance (@ worldlibertyfi), suspected of conducting OTC trading. On chain information shows that the address also transferred 40 million USDT to World Liberty Finance 8 days ago and received 400 million WLFI 4 days ago, indicating that the institution may be continuing to build positions in the token.

The Australian Securities and Investments Commission (ASIC) has announced that former financial advisor Glenda Rogan has been banned from working in the financial services industry for ten years. The investigation found that she transferred at least AUD 14.8 million of client funds to cryptocurrency investment scams during her tenure from March 2022 to June 2023. Rogan falsely advertised the investment to clients as a 'high-yield fixed interest account', concealed the high-risk nature of its cryptocurrency, and falsely claimed that the transaction was conducted through a legitimate financial platform. The funds are ultimately transferred to their personal account and exchanged for cryptocurrency, flowing to the "financial center" platform listed as an unlicensed institution by ASIC. During the period of misconduct, Rogan was an accountant and financial advisor for a group of companies called Fincare in the Sutherland and Wollongong region.