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According to South Korean media reports, actress Huang Zhengyin has been sued for allegedly misappropriating funds from her actual controlling agency to invest in cryptocurrency. On May 15th, the Jeju District Court held its first public trial on this case. According to the indictment, Huang Zhengyin misappropriated company funds totaling 4.34 billion Korean won from early 2022 to December, of which 4.2 billion Korean won was used for cryptocurrency investments. Huang Zhengyin's lawyer admitted to the allegations, stating that he invested in cryptocurrency for the purpose of developing the company, and emphasized that the company's profits ultimately belong to Huang Zhengyin. Currently, Huang Zhengyin has partially repaid her losses by selling cryptocurrency and planning to sell real estate. The court accepted the request and allowed the compensation related procedures to continue.

OKX-ETH/USDT is currently trading at $2554.15, a decrease of 3.61% in 24 hours. Please pay attention to market fluctuations.

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Arthur Hayes stated in a newly published article that he has re invested in cryptocurrencies at market lows and believes that now is a good time to select high-quality altcoins that can outperform Bitcoin in a bull market. He is particularly optimistic about two projects: PENDLE and ETHFI. The return of foreign investment and the massive depreciation of US Treasury bonds will become the two major catalysts driving Bitcoin to rise to $1 million by 2028. He mentioned that the 2028 US presidential election may bring policy uncertainty, but currently it is a critical period for Bitcoin to benefit. Although he believes that Bitcoin will rise to $1 million, there are still opportunities for short-term tactical short selling. He pointed out that capital controls and currency printing are imminent, but the road ahead is full of uncertainty. The Trump team is not consistent in capital control, so there may be different policy directions.

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