Genesis lawsuit reveals DCG's "behind-the-scenes manipulation" plan and ignored risk warnings
 latest unsealed lawsuit documents from the cryptocurrency lending platform Genesis show that executives from its parent company, Digital Currency Group (DCG), had anticipated legal risks before the collapse of Genesis, but still ignored warnings of multiple risks. DCG's Chief Financial Officer Michael Kraines had shared a "wartime exercise" memo with the former CEO of Genesis, preparing to deal with potential lawsuits. The documents also reveal that warnings issued by third-party risk advisors hired by DCG were ignored, leading to Genesis' loan volume expanding from $4 billion to $12 billion. A "culture of submission" was formed within Genesis, with employees being forced to prioritize DCG's interests. Currently, Genesis is seeking to recover over $3.3 billion from DCG, Barry Silbert, and other internal personnel.
Jun 25, 2025Generate picture
US President Trump: Iran-Israel ceasefire progressing well
US President Trump: Progress in ceasefire between Iran and Israel is smooth.
Jun 25, 2025Generate picture
Binance: In the first phase, holders of 230 points can receive 1,600 H tokens airdrop
Binance will open trading for Humanity Protocol (H) Alpha on June 25, 2025 at 17:00 (UTC+8), and contract trading at 17:30. Eligible users can claim 1600 H tokens airdrop using Binance Alpha points. The airdrop is divided into two phases: the first phase (18 hours) requires holding at least 230 Alpha points; the second phase (6 hours) requires holding at least 180 points, first come first served. Claiming will consume 15 Alpha points, and users must confirm within 24 hours, otherwise it will be considered as giving up.
Jun 25, 2025Generate picture
BSC Foundation bought $20,000 worth of GORILLA and U tokens yesterday
according to on-chain analyst Ai Yi's monitoring, the BSC Foundation has launched an ecological support program and purchased ecological tokens. As of now, the BSC Foundation has purchased three tokens: JAGER/GORILLA/U. It seems that 20,000 USD was spent on each token, with GORILLA/U being purchased just last night. The current address also holds 785,000 USD1 tokens and 111,000 USD worth of EGL1.
Jun 25, 2025Generate picture
Deribit to have over $14 billion worth of Bitcoin options contracts expire this Friday
Deribit Exchange will have a total of 141,271 Bitcoin options contracts expiring this Friday, worth over $14 billion, accounting for over 40% of the total open contracts. Of these, 81,994 are call options, and the rest are put options. The current ratio of put options to call options for Bitcoin has risen to 0.72, partly due to the promotion of the "cash-secured put options" strategy.
Jun 25, 2025Generate picture
A-share closing: Shenzhen Blockchain 50 Index rose 2.93%
A-shares closed, the Shanghai Composite Index reported 3455.97 points at the close, up 1.03%, the Shenzhen Component Index reported 10393.72 points at the close, up 1.72%, and the Shenzhen Blockchain 50 Index reported 3839.72 points at the close, up 2.93%. The blockchain sector closed up 2.07%, and the digital currency sector closed up 3.1%.
Jun 25, 2025Generate picture
UK-listed company TruSpine announces it will implement a Bitcoin fiscal reserve policy
On June 25th, British listed medical equipment company TruSpine Technologies plc (AQSE:TRUP) announced on Wednesday that it will implement a Bitcoin financial reserve policy as a supplement to traditional cash reserves. The company plans to strategically allocate funds from future financing activities to establish a Bitcoin position, which the company's directors see as a hedge against inflation and geopolitical events. TruSpine stated: "The company will continue to focus on its core business while increasing its Bitcoin reserves to provide financial support for the business in the medium term."
Jun 25, 2025Generate picture
Paidun: Cork Protocol attacker has transferred 4520 ETH to Tornado Cash
according to Paishield monitoring, the address marked as Cork Protocol Exploiter2 has transferred about 4520 ETH (worth approximately $11 million) to Tornado Cash, and donated 10 ETH to FreeAlexey & Roman on Juicebox (Tornado Cash developer legal aid fund).
Jun 25, 2025Generate picture
Guotai Junan International continues to surge, now up more than 155%
Guotai Junan International continued to soar, with a rise of more than 155%.
Jun 25, 2025Generate picture
Hong Kong stocks Guotai Junan International rose by more than 120%
Hong Kong stock Country Garden An International (01788.HK) expanded by 126% to 2.81 Hong Kong dollars. Earlier news, Country Garden An International was officially approved to provide services such as cryptocurrency and other virtual asset trading.
Jun 25, 2025Generate picture
Morgan Stanley: The Fed is expected to cut interest rates seven times by 2026
Morgan Stanley stated that it is expected that the Federal Reserve will cut interest rates 7 times in 2026, starting from March, with the final rate dropping to 2.5% to 2.75%. 
Jun 25, 2025Generate picture
Binance Alpha to List XOCIETY (XO)
according to the official announcement, Binance Alpha will become the first platform to list XOCIETY (XO), with trading opening on June 26th. The specific time will be announced later. Eligible users can go to the Alpha activity page to receive airdrops using Alpha points after the Alpha trading opens. Details will be announced on June 26th.
Jun 25, 2025Generate picture
Xiao Feng: The combination of US dollar stablecoin and US debt tokenization makes cryptocurrency the "taker" of US debt
Xiao Feng, the founder of HashKey Group, stated in an interview with Caixin that in the digital economy era, stablecoins pegged to the US dollar are actually tokenizing the US dollar, with the aim of maintaining and advancing the dominance of the US dollar. This strategy combines with the tokenization of US Treasury bonds, making cryptocurrencies the "savior" of US Treasury bonds. The current attitude of the United States is that if bypassing SWIFT (the international financial clearing system) for payment settlement is inevitable, at least do not let it bypass the US dollar; if the tokenization of the US dollar is inevitable, then at least ensure that each US dollar token is based on US assets.
Jun 25, 2025Generate picture
Oasys Establishes Oasys Korea to Accelerate the Development of Korean Web3 Market
Oasys announced the establishment of an independent legal entity Oasys Korea, which is fully responsible for promoting strategic cooperation, token listing, and local operations in South Korea. This move marks a key transition for Oasys Phase 2, as the project is moving from a chain game public chain to a Web3 platform that integrates with the real economy, focusing on areas such as RWA, entertainment, medical, and tourism.
Jun 25, 2025Generate picture
A whale deposited 4,148 ETH to Coinbase an hour ago and is suspected to have sold it
according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain whale 0xbA7 recharged 4148 ETH (about $10.08 million) to Coinbase an hour ago, and then transferred out 9.1 million USDT, suspected to have been sold.
Jun 25, 2025Generate picture
Near community initiates a proposal vote to reduce the fixed annual inflation rate of NEAR tokens from 5% to 2.5%
NEAR Protocol officially stated that the community has initiated a proposal to vote to reduce the fixed annual inflation rate of the NEAR token from 5% to 2.5%, and plans to be able to adjust it flexibly in the future. This vote will end in one of the following two situations:
Jun 25, 2025Generate picture
Binance will remove KAITO/BNB, KAITO/BRL, and ZIL/BTC spot trading pairs
 according to the official announcement, Binance will remove the following spot trading pairs and stop trading on June 27, 2025 at 11:00 (UTC+8): KAITO/BNB, KAITO/BRL, ZIL/BTC.
Jun 25, 2025Generate picture
CryptoQuant analyst: Bitcoin inflow/outflow ratio remains high, indicating that demand remains strong
according to CryptoQuant analyst Axel Adler Jr, the Bitcoin inflow/outflow ratio (30-day simple moving average) is still at a high level, similar to the level at the start of the bull market at the end of 2023, indicating that market demand for BTC remains strong.
Jun 25, 2025Generate picture
Paidun: Cork Protocol attackers transferred 1,410 ETH to Tornado Cash, about $3.4 million
 according to PeShield monitoring, the address marked as Cork Protocol Exploiter 2 has transferred 1410 Ethereum (about $3.4 million) to TornadoCash.
Jun 25, 2025Generate picture
Cork Protocol attackers transferred 1,410 ETH, about $3.4 million, to Tornado Cash
according to PeckShield monitoring, the address identified as Cork Protocol Exploiter 2 has transferred 1410 ETH (approximately $3.4 million) to Tornado Cash.
Jun 25, 2025Generate picture
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