[He Yi Responds to Market Doubts: This Is Not the Market Bottom, Volatility Paradigm May Have Changed] Binance co-founder He Yi responded to community users' doubts, stating that while it cannot be definitively said that the market will not enter a bear phase, this does not affect long-term confidence in the crypto industry. She pointed out that, based on historical percentages, it is clear that this is not the market bottom, but the underlying logic of the industry has changed, and the volatility paradigm has shifted accordingly. He Yi emphasized that history does not repeat itself but often rhymes, and mentioned that in every cycle, some people exit the market while others adapt calmly.
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More >The Smarter Web Company increases its holdings of 10 bitcoins
The Smarter Web Company, a UK listed company, announced the purchase of 10 bitcoins, and currently holds a total of 2869 bitcoins.
Prediction market derivative layer Totalis officially launched
YC officially announced on the X platform that the predictive market derivative layer Totalis has been officially launched, supporting users to conduct cross link trading on multiple event markets and expanding to structured products. Totalis completed a seed round funding of $500000 in April, with participation from Y Combinator. It is the first company to fully receive Y Combinator's investment in USDC, which is settled through the Solana network and managed by Ramp.
Google false advertising causes users to lose over $127 million
According to blockchain analyst "b-block", a website that imitates Uniswap steals user funds through Google false advertising, and the scammers hold assets exceeding $400000. Etherscan data shows that the two tagged addresses hold approximately 146 ETH worth around $306000. Stacy Muur, founder of Web3 marketing agency Green Dots, criticized Google for ignoring the issue of false advertising. The SEAL report shows a significant increase in Google phishing activities in March, with $127 million stolen between March 13th and 30th alone, and over 356 malicious ad links blocked. Malwarebytes pointed out that Facebook is also a high-risk area for false advertising.
南非拟制定加密资产跨境交易规则
[South Africa Plans to Establish Rules for Cross-Border Crypto Asset Transactions] According to IOL, the South African Treasury and the South African Reserve Bank plan to establish rules for cross-border crypto asset transactions, extending the public comment deadline for the draft 'Capital Flow Management Regulations' to June 30, 2026. Both parties clarified that the proposed rules will not criminalize the holding of crypto assets and will not be applied retroactively. A draft handbook for the cross-border crypto asset framework will be released subsequently.
Alps Blockchain launches Bitcoin mining at idle power plants in Bolivia
According to Bits.media, Italian energy company Alps Blockchain has partnered with Bolivian company Qurubiqa to launch Bitcoin mining at a 127 MW natural gas thermal power plant in Cochabamba province. At present, the mining site consumes about 27 megawatts of electricity with a computing power of 1.23 EH/s. It is planned to increase energy consumption to 45 megawatts by the end of the year. The mining equipment directly uses the power plant to generate electricity and is not connected to the public power grid. The project is settled in US dollars due to the Bolivian currency crisis and shortage of US dollars.