Cosine reveals fake security company fraud gang FTX starts paying $5 billion
Reprinted from jinse
06/02/2025·2DHeadlines
▌Cosine : Expose some scammer gangs who fake security companies
Cos (Cosine) posted content on X that it exposed some fraudulent gangs of fake security companies: @JascottRecovery; @SHIELDHUNTER_PR; @BCRescue_; @ben__ethh; These are all criminal gangs that can help users solve security problems such as wallet theft, and then let users be harmed by secondary injuries.
▌FTX starts paying $5 billion
FTX starts paying $5 billion. •Distribution via Bitgo and Kraken for 3 days. • Creditors may re-enter the market or exit completely. •There may fluctuate as funds flow into the wallet quickly.
Quotes
As of press time, according to CoinGecko data:
BTC price is US$105,404, with a 24-hour ups and downs +1.2% ;
ETH price is US$2,527.45, with a 24-hour ups and downs +0.7% ;
The price of BNB is US$661.39, with a 24-hour ups and downs +0.9% ;
The SOL price is US$158.18, with a 24-hour ups and downs +2.0% ;
DOGE price is US$0.1925, with a 24-hour ups and downs +1.4% ;
XRP price is US$2.17, with a 24-hour ups and downs +0.4% .
policy
▌Former SEC senior John Reed Stark: SEC continues to shamefully abandon its investor protection mission
Former SEC senior official John Reed Stark posted on X that the series of statements recently released by the SEC to relax cryptocurrency regulation are not innovative or revolutionary. Instead, statements like last week’s SEC statement on staking products are totally excuses: 1) irresponsibly encourage investors to spend their hard-earned money on high-risk, dangerous cryptocurrency products; 2) foolishly fuel systemic risks in global financial markets. As SEC member Caroline Crenshaw eloquently explained in her objection to the SEC’s recent crypto-decree statute, the conclusions of SEC staff conflict with many previous SEC enforcement actions that claimed that under the Howey Act, the pledge-as-a-service program is an investment contract: Staff’s analysis may reflect some expectations of the law, but it is not consistent with the court’s judgment on pledge and the Howey jurisprudence that has long been based on it. This again reflects the SEC's continued "fake first and then real" approach to the cryptocurrency sector - taking action based on expectations of future changes, without ignoring existing laws... I still think that the statements of these staff members do more harm than good, as they claim to divide a wide range of cryptocurrency product categories without analyzing how they actually work.
Acheron becomes the first cryptocurrency market maker to obtain a CASP license under EU MiCA regulations
According to Cointelegraph, Acheron became the first cryptocurrency market maker to obtain a CASP license under EU MiCA regulations.
Circle may freeze $57 million in Libra-related funds due to investigations involving Argentina President Javier Milei
Investigations on the Meme coin Libra, promoted by Argentina President Javier Milei, are heating up, with Circle freezing $57 million in funds associated with the coin for unknown reasons. Prosecutor Taiano is reviewing the newsletter about the Libra issue.
Blockchain application
▌CZ: Now may be a good time to launch an on-chain dark pool DEX + perpetual contract
CZ released content on X that given the recent events, I think now may be a good time to launch dark pool perp DEX. I've always been confused by how everyone on DEX can see your order in real time. This problem is even more serious when there is a permanent DEX that has liquidation. Even with the order book of a centralized exchange (CEX), the order is not associated with a specific individual, but if you want to buy a $1 billion worth of cryptocurrency, you don’t usually want others to notice your order before it is completed. Otherwise, others may be able to make a first move, effectively making a first move. In a decentralized exchange (DEX), this can lead to MEV attacks. This can lead to increased slippage, price drops, and your costs increase. Therefore, large traders in TradFi use dark pools, which are usually 10 times larger in size than "bright pools" (i.e., normal order book). For position holders (or futures traders), it is more important not to let others know/see your order. If someone else sees your liquidation point, they may try to push the market to liquidate you. Even if you have $1 billion, others may unite against you. This may be what we've seen recently. The objection I see is that increasing transparency can allow market makers to absorb your large orders. This may be true. I don't want to argue which one is right and which one is wrong. Different traders may prefer different types of markets. Now may be a good time to launch an on-chain dark pool DEX + perpetual contract, either not displaying the order book or a better approach is to not display the deposits of the smart contract at all, or wait until a long time to display. This should be possible with zero-knowledge proof or similar encryption techniques.
Vitalik: Ethereum will expand L1 by about 10 times in one year
At the ETHGlobal Prague conference, Vitalik said Ethereum will expand its L1 size by about 10 times within a year and then “gasp your breath” before the next leap.
X is launching a new "XChat" messaging system with "bitcoin style" encryption
Elon Musk posted on X, saying. The new XChat now introduces encryption, disappearance of messages and sending any type of files. In addition, audio/video calls are also supported. It is built on Rust, uses (bitcoin- style) encryption technology, and has a completely new architecture.
Cryptocurrency
▌Bloomberg: No matter what the outcome of South Korea 's election, the crypto industry will benefit
South Korean voters will go to the polling station on Tuesday to vote for the presidential election, and the crypto industry will benefit regardless of the presidential election results. Two popular candidates, Lee Jae-ming and Kim Moon-soo, have promised to relax regulation and expand access to digital assets. Candidate Lee Jae-ming proposed legalizing spot crypto ETFs, and even allowed South Korea's $884 billion pension funds to invest in crypto assets. He also advocated the wide issuance of stablecoins pegged to the Korean won as part of a modern financial system and a strategy to curb capital outflows. Currently, more than one-third of South Korea's population (about 18 million people) participate in digital asset transactions, making it one of the most active crypto markets in the world. On some trading days, the trading volume of South Korean crypto trading platforms even exceeded that of the stock market. According to data released by South Korea's Bank of Korea, the total value of crypto assets held by South Koreans was approximately US$74.5 billion as of the end of last year.
▌Data: More than 6,000 BTC were leaked on the CEX platform in the past week
According to Coinglass data, about 6,216.46 bitcoins have flowed out of the CEX platform in the past week, CoinbasePro has flowed out of 15,480.48 bitcoins in the past seven days, 29,158.78 bitcoins have flowed into the Binance Exchange; 2,398.57 bitcoins have flowed into the Bitfinex exchange.
▌Billionaire supports stealth stablecoin startup Atticus at $2 billion
According to Cointelegraph, defense tech billionaire Palmer Luckey supports stealth stablecoin startup Atticus at a valuation of $2 billion.
▌Bitcoin ETF inflows exceeded that of gold ETF in May
Bitcoin ETF inflows exceeded that of gold ETF in May. BTC net inflows of US$5.25 billion; gold net outflows of US$1.58 billion.
▌A list of unlocked data this week: ENA, EIGEN, TAIKO, etc. will usher in large-scale unlocking of one-time tokens
According to Token Unlocks data, ENA, EIGEN, TAIKO and others will usher in large-scale unlocking of one-time tokens this week, including: Ethena (ENA) will unlock about 40.63 million tokens at 3 pm on June 2, Beijing time, with a ratio of 0.70% to current circulation and a value of about US$12.5 million; Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3 AM on June 4, Beijing time, with a ratio of 0.42% to current circulation and a value of about US$1.7 million; Cetus Protocol (CETUS) will unlock about 8.33 million tokens at 8 AM on June 4, with a ratio of 1.15% tokens at 1.1 million; IOTA (IOTA) will unlock about 8.63 million tokens at 8 am on June 4th, Beijing time, with a ratio of 0.23% to current circulation and a value of about US$1.6 million; Taiko (TAIKO) will unlock about 81.55 million tokens at 8 pm on June 5th, Beijing time, with a ratio of 69.37% to current circulation and a value of about US$46.9 million; Spectral (SPEC) will unlock about 3.62 million tokens at 8 am on June 6th, with a ratio of 17.57% tokens at 3.7 million US dollars; Neon (NEON) will unlock about 53.91 million tokens at 8 am on June 7th, with a ratio of 22.51% tokens at 6.1 million US dollars.
Important economic trends
▌Federal Director Waller: "Good news" is that interest rate cuts are still possible later this year
Fed governor Waller: The "good news" is that interest rate cuts are still possible later this year, and the prospects for interest rate cuts depend on slowing inflation and whether tariffs are on the lower end of the range. (Jin Shi)
▌Spot gold broke through $3,300 per ounce, up 0.33% intraday
Spot gold broke through $3,300 per ounce, up 0.33% intraday. (Jin Shi)
▌Bank raises reserve levels to 100% for the first time in fiscal 2024
According to Nikkei News: The Bank of Japan raised the reserve level to 100% for the first time in fiscal 2024, which reserved the highest reserve for potential losses from bond trading. In fiscal year 2024, the Bank of Japan increased its reserves by 472.7 billion yen. (Jin Shi)
Golden Encyclopedia
▌What are Ethereum Futures ETFs How do they work?
Ethereum Futures ETF is an investment fund that tracks Ethereum futures contracts rather than Ethereum itself.
Consider a contract that promises to buy Ethereum at a certain price at some time in the future. These derivative contracts are traded through Ethereum (ETH) Futures Exchange Trading Funds (ETFs), providing a regulated method of investing in Ethereum using brokerage accounts.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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