Singapore police charge ex-Hodlnaut CEO Zhu Juntao with six counts of fraud by false representation over allegedly misleading statements on the company’s exposure to the Terra/UST crash. Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and Hodlnaut employees allegedly made after the 2022 collapse of the Terra ecosystem. Singapore Police said Zhu, 36, was charged following an investigation by the Commercial Affairs Department and faces three charges under Section 424A(1)(a) read with Section 424A(3) of the Penal Code 1871, as well as three further charges under the same provision read with Section 109. The case centers on alleged false claims about Hodlnaut’s exposure to the TerraUSD (UST) crash, including accusations that Zhu directed staff to issue some of the statements. Read more
Crypto ETPs logged $1.47 billion of outflows last week as Bitcoin funds led losses, while nine altcoin ETPs still attracted inflows of more than $1 million. Crypto investment products recorded $1.47 billion in outflows last week, extending a second straight week of withdrawals as Bitcoin funds led the decline, according to CoinShares. Crypto exchange-traded products (ETPs) extended the prior week’s $1.07 billion in withdrawals, CoinShares reported Tuesday. Bitcoin products accounted for roughly $1.3 billion of the outflows, their largest weekly withdrawal of 2026, while Ether funds lost $223 million, the asset manager said. Read more
Ether price eyes a 14% drop to $1,800 as it trades in a classic bearish pattern amid declining total value locked on the Ethereum network. Ether’s (ETH) price printed a “bear pennant” on the daily chart, a technical chart formation associated with strong downward momentum. Could a weakening technical setup and a decline in total value locked signal the continuation of ETH’s correction to $1,800? Key takeaways: Ether’s 13% drop from its multi-month highs above $2,400 saw it breach a key trend line that has supported the price since early February. Read more
Luffa AI, a leading innovator at the intersection of Web3 and Artificial Intelligence, today announced a strategic equity investment from Hong Kong-listed GoFintech Quantum Innovation Limited (“GoFintech Quantum”, Stock Code: 00290.HK). HONG KONG, May 26, 2026 — Luffa AI, a leading innovator at the intersection of Web3 and Artificial Intelligence, today announced a strategic equity investment from Hong Kong-listed GoFintech Quantum Innovation Limited (“GoFintech Quantum”, Stock Code: 00290.HK). The transaction values Luffa AI at US$220 million. The two parties will engage in deep strategic collaboration across artificial intelligence, quantum security, blockchain, and compliance fintech to jointly explore the new AI + Quantum Blockchain Fintech track. The current internet is highly fragmented: identities are siloed and controlled by platforms, AI agents lack independent identities, wallets, and execution capabilities, value and payments are locked within closed ecosystems, and AI-generated content remains unv...
Hyperliquid launched canonical prediction markets for offchain events, expanding beyond perps as analysts frame it as an onchain superapp. Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures. Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post. The markets are built on Hyperliquid’s HIP-4 and use Circle’s USDC (USDC) as the quote asset. Hyperliquid said the first markets will open based on the May Consumer Price Index (CPI) year-over-year change and the June federal funds rate decision. Read more