Former Hong Kong bank manager sentenced to four years for US$1.6 billion in fake letters of credit and crypto-related bribes.

According to on-chain analyst Yu Jin’s monitoring, over the past week, GMGN has sequentially transferred 23,550 BNB in fee revenue to the trading platform Pionex, valued at approximately $17.34 million.

According to DeFiLlama data, Solana-based token launch platform StonkFun generated $4.85 million in protocol revenue over the past seven days, surpassing the $4.39 million of Robinhood-linked crypto, stock, and meme coin launch platform Pons, and currently ranks 10th on the protocol revenue leaderboard.

Beating AI News Flash: Amid rising U.S. debates over AI security regulation, Nvidia CEO Jensen Huang is emerging as a key ally of the Trump administration on related issues. Trump recently called Huang, who was attending the All-In Summit in Los Angeles, stating "robots won't take over the world" and labeling growing concerns about AI and data centers as a "hoax." Major Nvidia clients including OpenAI and Anthropic have recently called for slowing the development of frontier AI models and strengthening regulation. Anthropic CEO Dario Amodei proposed slowing the pace of model capability improvements, a position backed by OpenAI CEO Sam Altman, Elon Musk, and Google DeepMind head Demis Hassabis. Huang takes a different stance, arguing that catastrophic predictions lack scientific basis, and model developers should ensure safety before product launch, with solutions relying on "traditional engineering methods." Trump's recent stance on AI security increasingly aligns with Huang's. The two have appeared together publicly at least six times during Trump's second term. U.S. Treasury Secretary Scott Bessent said this week that Trump's position on AI is fully aligned with Huang's.

Crypto analyst Darkfost posted that the known Bitcoin reserves held by addresses of over-the-counter (OTC) trading platforms have dropped to an all-time low, standing at around 123,000 BTC, down from nearly 500,000 BTC in September 2021. The continuous decline in OTC reserves could stem from multiple factors, including investors' growing preference for long-term BTC holdings, a more decentralized Bitcoin ownership structure, and miners and other market participants no longer primarily selling BTC via OTC channels. Additionally, some holders may prefer to sell directly on public markets. Regardless of the specific reasons, the sharp reduction in OTC reserves means fewer BTC are available for sale outside public markets. If buyer demand shifts more toward direct purchases on public markets, this could provide support for BTC prices.

On-chain analytics account Alpha Malik posted that Binance Wallet today launched its Pre-Access feature, powered by PancakeSwap, noting the first project will be announced soon, with no specific project or launch timeline disclosed yet. On-chain data indicates the Paimon Polymarket SPV Token (pPOLY) may list on Binance Alpha at 09:00 Beijing Time (17:00 UTC). This suggests pPOLY could be Pre-Access’s first project, and the feature may officially launch on the same day. The above details are only inferred from on-chain data and have not been officially confirmed by Binance Wallet or Binance Alpha. As previously reported, Binance Wallet announced Pre-Access, a service that lets users gain indirect exposure to potential listings of popular private companies via tokenization. The service is accessible through Binance Wallet, operates on a fully on-chain, self-custody model, and its debut project is imminent. Users can boost their Pre-Access quota using Alpha points, as well as on-chain bStocks trading volume and positions.

According to CNBC, as oil prices rebound and U.S. Treasury yields climb, bearish sentiment among individual U.S. stock investors has surged notably. The latest weekly survey from the American Association of Individual Investors (AAII) shows that roughly 53% of respondents are bearish on U.S. stock performance over the next six months, up about 14 percentage points from the prior week and hitting the highest level since May 2025. The share of bullish investors, meanwhile, dropped to less than 29%, down around 10 percentage points week-over-week and reaching its lowest level in roughly a year. Against the backdrop of the Iran conflict, crude oil prices have risen again, and the 10-year U.S. Treasury yield has hovered near 5% in recent weeks, forming the core concern for individual investors. JPMorgan’s Commodities Team stated it will stop trying to predict when and how the conflict will end. Keith Lerner, chief investment officer at Truist Wealth, noted that from a contrarian perspective, AAII’s pessimism is approaching levels typically linked to market lows. Currently, only about 30% of constituent stocks trade above their 50-day moving average; if this ratio falls further below 30%, it could signal the market entering an oversold state. The CNN Fear & Greed Index has also shifted from "Greed" a month ago to "Fear" now. Peter Boockvar, chief investment officer at One Point BFG Wealth Partners, cautioned that investors should not overinterpret sentiment indicators, adding that professional investors hold a more optimistic stance. However, he believes that judging solely from AAII’s contrarian indicator, the current market already has conditions for a rebound. Lerner also holds that investors should not halt buying due to short-term sentiment indicators, noting that the potential upside of the current long-term bull market still outweighs downside risks, and the recent pullback in tech stocks offers entry opportunities.