CRO fluctuated, fell 11.81% in 24H

Binance SOL/USDT is currently trading at $199.93, with a 5-minute increase of 0.23%. Please be aware of market fluctuations.

[Whale Opens 1x Leveraged Short Position on HYPE via HyperLiquid] Onchain Lens data shows that a whale deposited 315.8 USDC into the HyperLiquid platform and opened a short position on HYPE with 1x leverage.

[Virtual Currency Investment Project Claiming 'Play-to-Earn' Turns Out to Be a Pyramid Scheme, Four Team Members Sentenced] According to a report by Justice Net, a virtual currency claiming to offer 'play-to-earn' and 'deflationary appreciation' attracted massive funds in a short period, developed dozens of members, and established a hierarchy exceeding three levels... Following a public prosecution by the Shishi City Procuratorate in Fujian Province, the court issued a first-instance judgment against the main members of the pyramid scheme organization. Four defendants were convicted of the crime of organizing and leading pyramid schemes, sentenced to fixed-term imprisonment, and fined. The defendants appealed the verdict. In July 2025, the appellate court ruled to reject the appeal and uphold the original judgment. The court's review determined that although the organization used emerging concepts such as virtual currency and NFTs for packaging, its operational model still met the criteria for the crime of organizing and leading pyramid schemes as stipulated in the Criminal Law of the People's Republic of China: 1. The project indirectly set up 'entry fees' by requiring the purchase of virtual currency or participation in private placements involving virtual assets as a prerequisite for joining and recruiting others. 2. It established a clear hierarchical structure, with remuneration and rebates based on the number of recruits and the performance of subordinates. 3. There were no genuine business activities or sustainable sources of income, and the financial operations relied on funds from new members to pay returns to earlier participants, exhibiting clear characteristics of fraudulent asset acquisition.

The current price of ETH is $4301.31, a decrease of 2.14% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 293 million US dollars, with multiple orders being the main liquidation and 74.27 million US dollars (25.34%) of ETH liquidation. The data is for reference only.

[South Korea to Launch Global Information Sharing Mechanism for Crypto Asset Transactions] The South Korean government plans to share crypto asset transaction information with global tax authorities to enhance tax transparency and combat cross-border tax evasion. According to reports, South Korea's Ministry of Economy and Finance will issue an administrative notice this month regarding the implementation of the 'Crypto-Asset Reporting Framework' (CARF). CARF is a system jointly established by 48 countries, including the United Kingdom, Germany, and Japan, aimed at preventing offshore tax evasion through the annual automatic exchange of virtual asset transaction data between countries. Crypto exchanges within South Korea, such as Upbit and Bithumb, will be included in the information-sharing scope, covering transaction data of non-resident investors. Additionally, starting next year, transaction records of South Korean investors on overseas crypto exchanges will also be shared with the National Tax Service of South Korea.