Wu says it's a daily choice of encrypted news

1. ICE CEO roll-call Hyperliquid: The size is beyond NASDAQ and only 11 people are operational

ICE CEO Jeffrey Sprecher, the New Haven parent company, stated at Bernstein's meeting that Hyperliquid “was bigger than NASDAQ and only 11 people”. He stated that the Hyperliquid team was “very smart” and that its online SpaceX derivatives trading scale would be “even more likely than IPO itself”. On the issue of regulation, Sprecher asks, “Why can they do it and we can’t do it?” and points out that Hyperliquid’s contract for eternity is essentially a swap in the traditional financial system that is regulated by the Dodd-Frank Act。

2. Arca CIO: MSTR, BTC and priority stockholders for the first time

The Chief Investment Officer of Arca, Jeff Dorman, argues that the current MSTR situation is out of control, with Michael Saylor issuing billions of dollars of priority shares based on his belief that the BTC is about to rise sharply and that priority dividends can be paid through future sales of BTC. After the BTC fell, however, the market was worried about the $15 billion priority share corresponding to $1.5 billion a year, and MSTR subsequently raised $2 billion in cash through equity finance to ease short-term default concerns. Jeff Dorman states that the decision of MSTR to use cash buffers to buy back bonds due in 2029 instead of paying for annual dividends was puzzling for companies whose cash flow was problematic. In his view, for the first time, MSTR, BTC and priority stockholders were in real trouble and one party would suffer significant losses in the next four months

3. FalconX has submitted an IPO application in secret and is expected to move forward to listing by the end of the year

The encrypted brokering and trading company FalconX has submitted confidentially to the US SEC a draft IPO registration (S-1) and has hired investment banks such as Cantor as consultants, but due to the environmental impact of the market, it is expected that it will be ready for listing by the end of this year. FalconX was established in 2018 to provide transaction execution, liquidity, credit and liquidation services mainly to hedge funds, regulators and marketers, and the company valued about $8 billion when it completed the D-round in 2022。

4. Two days of major network failure in Sui

The official Sui indicated that the main network was malfunctioning, that chain activity might be suspended, and that the core team was investigating and announcing the incident. Previously, on 28 May, the Sui main network had been interrupted and the trade suspended for block production due to the failure of the certifier layer and resumed after several hours. Sui Status shows that the Sui main network has suffered a major breakdown (Major Outlook) for two consecutive days and that the problem arises from the main network settlement. The browser shows that no blocks have been released for more than an hour。

Zhejiang I hackers illegally controlled 157 domestic business website, virtual money stolen 42 million dollars seized

ON 23 APRIL, THE COURT SENTENCED THE ACCUSED TO A PRISON TERM OF FOUR YEARS AND FOUR MONTHS, WITH A FINE, FOR ILLEGAL CONTROL OF THE COMPUTER INFORMATION SYSTEM, FOLLOWING AN INDICTMENT FILED BY THE PUBLIC PROSECUTOR ' S OFFICE OF THE SHUJIANG DISTRICT OF ZHEJIANG PROVINCE. FROM AUGUST 2023 TO JUNE 2025, USING A SECURITY LOOPHOLE IN THE WEBSITE, ZHOU ILLEGALLY ACQUIRED MORE THAN 150 SERVER CONTROLS, WHICH AUTOMATICALLY MOVED LINKS TO A YELLOW SITE ABROAD, AND RESOLD THEM FOR PROFIT, INVOLVING 157 AFFECTED UNITS. THEIR OFFENCES ARE SETTLED IN VIRTUAL CURRENCIES SUCH AS USDT, TRX AND ARE SPREAD OVER A NUMBER OF ENCRYPTED WALLETS; 8 USDT WALLETS AND 9 TRX WALLETS ARE TRACKED BY THE PROCESSING AUTHORITIES AND, AS A RESULT, MORE THAN 42 MILLION YUAN IS SEIZED BY LAW. ON ONE OCCASION, HE VOLUNTARILY PLEADED GUILTY AND WITHDREW MORE THAN $28 MILLION OF THE PROCEEDS OF THE OFFENCE; OTHER SUSPECTS INVOLVED HAD BEEN SUBJECTED TO COERCIVE MEASURES AND THE CASE WAS STILL UNDER FURTHER INVESTIGATION。