๐ฎ China, US and UAE Conduct First Joint Crackdown on Crypto Romance Scams in Dubai
According to Xinhua News Agency, police from China, the United States, and the UAE recently conducted their first joint law enforcement operation targeting telecom and online fraud syndicates in Dubai. They dismantled 9 scam compounds and arrested 276 suspects. Authorities stated that the groups operated โpig-butcheringโ scams by building romantic relationships with victims through social media before luring them into investing in fraudulent high-return cryptocurrency projects. #regulation
According to Xinhua News Agency, police from China, the United States, and the UAE recently conducted their first joint law enforcement operation targeting telecom and online fraud syndicates in Dubai. They dismantled 9 scam compounds and arrested 276 suspects. Authorities stated that the groups operated โpig-butcheringโ scams by building romantic relationships with victims through social media before luring them into investing in fraudulent high-return cryptocurrency projects. #regulation
๐ฉ๐ช๐ต๏ธ Alleged Dream Market Admin Accused of Laundering Crypto Into Gold Bars
The U.S. Department of Justice charged German citizen Owe Martin Andresen, the alleged main administrator of darknet marketplace Dream Market, with laundering over $2 million in crypto proceeds. Prosecutors stated he allegedly transferred funds from dormant Dream Market wallets to purchase gold bars shipped to Germany. Authorities reportedly seized $1.7 million in gold bars, along with cash and additional crypto-linked assets.
The U.S. Department of Justice charged German citizen Owe Martin Andresen, the alleged main administrator of darknet marketplace Dream Market, with laundering over $2 million in crypto proceeds. Prosecutors stated he allegedly transferred funds from dormant Dream Market wallets to purchase gold bars shipped to Germany. Authorities reportedly seized $1.7 million in gold bars, along with cash and additional crypto-linked assets.
๐ Everyone calling top on HYPE after the -10% 24h candle. We're buying.
Here's what the price chart hides:
- HYPE perp DEX share went from 36.4% in January to 44% this month. They're the ONLY major perp venue gaining share in 2026.
- Daily volume sits at $21.8B. That's not retail froth โ that's the kind of throughput that only exists when market makers have committed inventory and CEX flow is leaking onto the venue.
- Circle/Coinbase just made USDC the canonical quote asset under AQAv2. That's not a partnership press release โ that's stablecoin rails getting wired into the venue everyone now trades on.
- Our W-R Delta hit -2.1ฯ on the dump. Last 8 times W-R Delta cleared -2ฯ on HYPE since launch, mean 30-day return was +37%.
The chart looks like a top. The structural flows look like a leak from CEXs to the venue that takes the real fee cut.
HYPE -10% is a rotation, not a rejection. #stablecoin
Here's what the price chart hides:
- HYPE perp DEX share went from 36.4% in January to 44% this month. They're the ONLY major perp venue gaining share in 2026.
- Daily volume sits at $21.8B. That's not retail froth โ that's the kind of throughput that only exists when market makers have committed inventory and CEX flow is leaking onto the venue.
- Circle/Coinbase just made USDC the canonical quote asset under AQAv2. That's not a partnership press release โ that's stablecoin rails getting wired into the venue everyone now trades on.
- Our W-R Delta hit -2.1ฯ on the dump. Last 8 times W-R Delta cleared -2ฯ on HYPE since launch, mean 30-day return was +37%.
The chart looks like a top. The structural flows look like a leak from CEXs to the venue that takes the real fee cut.
HYPE -10% is a rotation, not a rejection. #stablecoin
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๐ต๏ธ Bitcoin Long-Term Holder Supply Climbs to Highest Level Since August 2025
CryptoQuant analyst Darkfost reported that Bitcoin long-term holder (LTH) supply has reached approximately 15.26 million BTC, the highest level since August 2025. In the past 30 days, LTH supply increased by roughly 316,000 BTC, a significant contrast to the net outflow of around 650,000 BTC from long-term holder wallets noted in late November last year.
CryptoQuant analyst Darkfost reported that Bitcoin long-term holder (LTH) supply has reached approximately 15.26 million BTC, the highest level since August 2025. In the past 30 days, LTH supply increased by roughly 316,000 BTC, a significant contrast to the net outflow of around 650,000 BTC from long-term holder wallets noted in late November last year.
๐บ๐ธ๐ Jeff Yan: Hyperliquid Discussed Onchain Derivatives Regulation With U.S. Policymakers
Hyperliquid founder Jeff Yan stated that the team recently met with U.S. policymakers in Washington to discuss the regulatory framework for onchain derivatives markets in the United States. The discussions emphasized global demand for onchain trading and the fundamentals of DeFi. Yan mentioned that the team is striving to enable compliant access to Hyperliquid for U.S. users, following previous efforts by Intercontinental Exchange (ICE) and CME Group to urge U.S. regulators to restrict Hyperliquid. #regulation
Hyperliquid founder Jeff Yan stated that the team recently met with U.S. policymakers in Washington to discuss the regulatory framework for onchain derivatives markets in the United States. The discussions emphasized global demand for onchain trading and the fundamentals of DeFi. Yan mentioned that the team is striving to enable compliant access to Hyperliquid for U.S. users, following previous efforts by Intercontinental Exchange (ICE) and CME Group to urge U.S. regulators to restrict Hyperliquid. #regulation
๐ #Aave has restored WETH loan-to-value (LTV) ratios across affected networks, enabling users to borrow against WETH again, including through collateral and debt swap functions. Aave founder Stani Kulechov stated that this change signifies the next phase of the rsETH technical recovery plan. The update applies to Aave V3 deployments on Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.
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๐ Top 5 News for 24 Hour:
1. Bitmine holds largest $ETH amount among companies. โ
๐ 326 | โค๏ธ 2 | ๐ 3
2. Harvard endowment reduces IBIT stake, exits Ethereum ETF. โ
๐ 212 | โค๏ธ 0 | ๐ 3
3. Bitcoin long-term holder supply hits highest level since August 2025. โ
๐ 199 | โค๏ธ 0 | ๐ 3
4. China, US, UAE collaborate to bust crypto romance scams. โ
๐ 273 | โค๏ธ 1 | ๐ 2
5. Whale sells $HYPE for $8.93M, makes $2.8M profit. โ
๐ 194 | โค๏ธ 2 | ๐ 2
| | |
1. Bitmine holds largest $ETH amount among companies. โ
๐ 326 | โค๏ธ 2 | ๐ 3
2. Harvard endowment reduces IBIT stake, exits Ethereum ETF. โ
๐ 212 | โค๏ธ 0 | ๐ 3
3. Bitcoin long-term holder supply hits highest level since August 2025. โ
๐ 199 | โค๏ธ 0 | ๐ 3
4. China, US, UAE collaborate to bust crypto romance scams. โ
๐ 273 | โค๏ธ 1 | ๐ 2
5. Whale sells $HYPE for $8.93M, makes $2.8M profit. โ
๐ 194 | โค๏ธ 2 | ๐ 2
| | |
๐ณ Whales are buying $HYPE
Whale "0xF56" sold 1,733 $XAUT for $7.83M at $4,520. Then, they deposited $10.2M in $USDC into HyperLiquid and bought 103,636 $HYPE (approximately $4.7M), also opening a $HYPE long position with 5x leverage.
Whale "0x688" deposited $4.87M in $USDC into HyperLiquid and bought 102,055 $HYPE at $47.75.
Whale "0xF56" sold 1,733 $XAUT for $7.83M at $4,520. Then, they deposited $10.2M in $USDC into HyperLiquid and bought 103,636 $HYPE (approximately $4.7M), also opening a $HYPE long position with 5x leverage.
Whale "0x688" deposited $4.87M in $USDC into HyperLiquid and bought 102,055 $HYPE at $47.75.
๐ CZ: We Still Invest 70%โ80% of Our Capital in Blockchain
In a May 7 speech at Consensus Miami 2026, Binance founder Changpeng Zhao (CZ) stated that he and Yzi Labs allocate 70% to 80% of their capital to blockchain, emphasizing its importance as their core area of expertise. He noted that AI agents will drive significant future demand for payments, with blockchain serving as a more native and natural payment tool.
CZ also mentioned that exchanges should prepare for AI agents, allowing users to use natural language for portfolio reviews and trade executions instead of manually reading charts and entering prices and quantities.
In a May 7 speech at Consensus Miami 2026, Binance founder Changpeng Zhao (CZ) stated that he and Yzi Labs allocate 70% to 80% of their capital to blockchain, emphasizing its importance as their core area of expertise. He noted that AI agents will drive significant future demand for payments, with blockchain serving as a more native and natural payment tool.
CZ also mentioned that exchanges should prepare for AI agents, allowing users to use natural language for portfolio reviews and trade executions instead of manually reading charts and entering prices and quantities.
๐ฅท Security firm Blockaid issued a community alert stating that its exploit detection system identified an ongoing attack on the Verus-Ethereum Bridge. Approximately $11.58 million has been drained so far. #hack