OKX Global General Counsel Is Latest Legal Exec to Leave the Exchange

BlockBeats news, on May 29, according to the Dongsen News of Taiwan, China, the US Federal Bureau of Investigation (FBI) recently cracked the "Incognito Market" of the international drug trade secret network, and accidentally uncovered the behind the scenes "pharaoh", who is Lin Ruixiang, a graduate of the Department of Asset Management of Taiwan University. Afterwards, it was revealed that Lin Ruixiang had openly claimed to be a virtual currency player in recent years and often publicly disclosed his trading records on the internet. It is understood that he has reached VIP level 3 on the virtual currency trading platform, which means that if his monthly trading volume exceeds $1 million, he will be targeted by hacker groups who will use black and white tactics to steal all the currency and NFTs in his exchange account, leading to financial difficulties. It is reported that Lin Ruixiang established the drug trading platform "Invisible Market" in 2020, attracting more than 200000 users worldwide, and thousands of drug traffickers on the platform. In the short three-year period before he was smashed by US law enforcement in March 2024, the dark web had sold drugs and narcotics worth over $100 million. During this period, Lin Ruixiang once closed the stealth market in 2024, but restarted the website a few days later. However, this "little surprise" threatened all platform users to pay a "sealing fee" of up to $20000 (about NT $600000), otherwise the relevant criminal evidence would be made public. Foreign media pointed out that the reason why he jumped over the wall in a hurry and had to threaten users to cut a fortune is because in recent years, he has claimed to be a virtual currency player on the internet and often posts huge profit and loss figures on social media to show off his achievements. He also boasts that he has reached the "VIP Level 3" of the exchange, which means his monthly trading volume threshold exceeds $1 million. Such high-profile behavior led to him being targeted by a group of hackers. This group of hackers claimed to be investors and successfully lured Lin Ruixiang to download a certain virus program, ultimately stealing virtual coins and NFTs from his account. Some media also pointed out that the NFT "Bored Ape", which is extremely popular among cryptocurrency players, has even been bought and held by the king Jay Chou, with prices ranging from tens of thousands to hundreds of thousands of dollars. However, during its peak period, it could sell for over 3.4 million dollars, and Lin Ruixiang had at least held three of them. After being stolen, he suffered heavy losses. It was this hacking operation that caused Lin Ruixiang's finances to suffer heavy losses, gradually leading to a lack of liquidity. Therefore, he decided to "do one vote" to extort users before shutting down the stealth market. After this extortion operation, the credit of the invisible market completely collapsed, and the trading platform also collapsed.

According to the membership indicator, the current price is below the EMA24/52 moving average, showing an overall downward trend. Based on the distribution of chips, the area between 107289 and 107488.5 forms a triple support, with a high concentration of buying, and prices are expected to stabilize and rebound in the short term. At the same time, the 10 day moving average of trading volume increased by 10.73%, indicating increased market activity and providing momentum for the rebound. On the candlestick chart, a red triad appeared in the 08:00 cycle, coupled with a KDJ golden cross signal, further verifying the possibility of a short-term rebound. However, there is significant resistance above 108886, and a breakthrough requires stronger buying support. The membership function helps you accurately capture support and resistance, quickly open membership, and plan ahead! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

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 $433 million. Among them, IBIT was the largest inflow, with a daily net inflow of $481 million; Next is BITB, with a total of 0 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

BlockBeats News: On May 29th, with the increasing prevalence of phishing and fraud in the cryptocurrency community, multiple illegal individuals impersonating BlockBeats employees have appeared on the social platform Telegram, using the names of "investment guidance", "project promotion", "investment promotion", etc. to guide users to participate in related investment activities, but in reality, they are defrauding money. BlockBeats hereby solemnly declares that since its establishment in 2018, it has always focused on content reporting and information services in the blockchain industry, and has never been involved in any form of token investment, project recommendation, investment promotion, or other businesses. We will not recommend investment projects or charge fees to users in any official or personal name. Recently, in order to improve information transparency and resist fraud, BlockBeats has opened an official identity verification channel. Users can check their information through the "Official Verification Channel" entrance at the bottom of the BlockBeats official website or by clicking on the "Original Text Link" below. Please remain highly vigilant and do not trust contacts and recommendations from unknown sources to avoid causing financial losses.

Foresight News reports that the decentralized AI training platform (FLock. io) has launched the gmFLOCK staking mechanism. GmFLOCK effectively optimizes the market supply structure of FLOCK by introducing liquidity lock up and non transferable soul bound token economy design, suppresses the behavior of "mining and selling", and enhances the stability of token value. Users can obtain gmFLOCK by staking FLOCK to participate in platform tasks. The longer the staking period, the better the exchange rate and staking income, and can support staking for up to 365 days. After the pledge period expires, users can exchange gmFLOCK for the original FLOCK in proportion. GmFLOCK will become the only way to participate in FLock platform tasks, including model training nodes, validation nodes, and delegated tasks.