Binance co-founder He Yi stated on the X platform that Binance will allocate 50% of the funds from the SAFU fund address to cover losses, while retaining the remaining 50% of the fund. Details of this address have been published in the announcement.

An Ethereum chain reorganization caused the cross-chain protocol THORChain to mistakenly issue a double refund to a user who deposited 10 ETH, triggering an emergency pause. This unexpectedly delayed the process of North Korean hackers laundering funds stolen from Binance. THORChain's status interface shows that transactions on 12 of its 13 listed chains are paused, while outbound signatures remain enabled on most chains. (Source: TokenPost, The Defiant)

Michael Selig stated that challenges from various states to the CFTC's exclusive jurisdiction over derivatives threaten market integrity, and the agency is prepared to take the relevant disputes to the Supreme Court.

The US spot ETH ETF has seen outflows for 23 consecutive trading days, marking the longest streak since its launch. This data reflects weak demand from traditional investors. (glassnode)

[USDC Treasury issues 250 million USDC on Solana blockchain] The USDC Treasury has issued 250 million USDC on the Solana blockchain, worth approximately $250 million.