James Wynn's conversion from long to short BTC was liquidated, resulting in 6 days of losses and profits

The People's Bank of China launched a 7-day reverse repurchase operation worth 218.5 billion yuan today, with an operating interest rate of 1.40%, unchanged from before.

According to Crypto Briefing, the Russian central bank has refused to expand cryptocurrency access and only allows non qualified investors to trade Bitcoin, Ethereum, and USDT. Vice President Vladimir Chistyukhin stated that after the new regulations come into effect, only these three types of digital currencies can be traded, due to factors such as high volatility of cryptocurrencies, market risks, and the possibility of stablecoins being restricted or frozen. This rule is part of digital currency legislation and is expected to take effect next month, while maintaining an investment cap of 300000 rubles.

According to blockchain detective ZachXBT, he refuted Radha Stirling's claim that "multiple crypto entrepreneurs in Dubai were tortured" and pointed out that the suspects were threat actors involved in social engineering fraud and data extortion, with a total amount of $200 million involved. Among them, Danish Zulfiqar Khan was involved in the theft of Genesis creditor data ($243 million) and Kroll SIM swap attacks; Ryan Pepper is involved in the Fractal ID data breach and extortion; Cameron Cureton is involved in Coinbase social engineering fraud and violent robbery. Dubai police have seized approximately $189 million in stolen funds. The media's portrayal of these people as innocent victims does not match the facts.

Peter Schiff stated that cryptocurrency companies should not be required to comply with bank level capital and compliance rules, as stablecoin issuers do not engage in high-risk loan business like banks. （Cointelegraph）

According to Cryptopolitan, blockchain investigator ZachXBT has accused BitMEX co-founder Arthur Hayes of liquidating four previously publicly favored cryptocurrency tokens within two weeks, questioning whether his followers have taken on the responsibility of "withdrawing liquidity". Hayes' operations include: on May 22nd, calling HYPE, ZEC, and NEAR the "Holy Trinity" and establishing long positions; Clearance of HYPE and NEAR on June 4th; Sell ZEC on June 5th, citing privacy narrative and Orchard pool vulnerabilities; Sell WLD on June 6th, stating abnormal chart trend.