[Hong Kong High Court to Hear First Batch of 8 Defendants in JPEX Case on December 15] The Hong Kong police have prosecuted 16 individuals in connection with the alleged fraud case involving the virtual currency trading platform JPEX. The case of the first batch of 8 defendants will be transferred to the Hong Kong High Court for trial, scheduled for December 15 (UTC+8). Some defendants have been granted bail. Hong Kong Secretary for Financial Services and the Treasury, Christopher Hui, stated that following the JPEX case, considerations will be made to optimize relevant regulations in four areas: trading, stablecoins, custody, and digital asset exchanges. The case involves core members such as Lin Zuo and other key opinion leaders (KOLs), with the main suspects still at large.

According to CryptoQuant data, the supply of Bitcoin on exchanges continues to decrease, and the specific subsequent impact remains to be observed. （Cointelegraph）

OKX-ETH/USDT is currently trading at $3400.99, with a 5-minute increase of 0.20%. Please be aware of market fluctuations.

[‘BTC OG Whale’ Holds 40,000 ETH Long Position with Over $2 Million Floating Loss] The address of the ‘BTC OG Whale’ holds 40,000 ETH (approximately $135 million) with a current floating loss of $2.05 million. The opening price was $3,445.58, and the liquidation price is $2,533.69. Yesterday, this address closed a BTC position with a $1.3 million loss, breaking its previously undefeated record.

Monitoring shows that at 19:00 (UTC+8) last night, address 0x6EF... 73abf deposited $6.26 million in margin with Hyperliquid and placed an order to buy 20833.25 ZECs at $509.5. At that time, the coin price was about $550. After the price fell, all orders were executed, and the current floating profit is $1.384 million. The address is among the top three long positions in Hyperliquid ZECs. (Auntie Ai)