Instant surge "HYPE trading volume surged 12 times

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[User Loses Over $78,000 Due to Phishing Authorization from 623 Days Ago] According to data monitored by Scam Sniffer, a user suffered a loss of $78,187 due to a phishing authorization signed 623 days ago. This incident serves as a reminder for users to regularly review and revoke unnecessary or expired authorizations to reduce potential security risks.

[CZ Confirms Aster Employs Several Former Binance Employees and YZi Labs Holds Minority Stake] According to a report by Jinse Finance, Binance co-founder CZ reposted a tweet on the X platform and confirmed that the perpetual contract DEX Aster employs several former Binance employees and that YZi Labs holds a minority stake in Aster.

[Bombay Stock Exchange Rejects Jetking Infotrain's Listing Application Due to Digital Asset Investment Plan] The Bombay Stock Exchange (BSE) has rejected the listing application of IT training company Jetking Infotrain, citing its plan to allocate approximately 60% of the raised funds for investment in digital assets. The company had initially planned to raise over 600 million rupees through an IPO, with the primary funds intended for purchasing Bitcoin. In response, Jetking Infotrain stated that it is assessing the situation and considering filing an appeal with the Securities Appellate Tribunal. This decision highlights India's current regulatory stance, which allows companies to invest internal profits in crypto assets but prohibits raising public funds specifically for such investments. Due to speculative risks and the lack of clear fund management guidelines, this marks the first case in India where a company has been denied listing by an exchange because of a digital asset investment plan.

**[OKX Executive Warns Governments Against Establishing Bitcoin Reserves, Citing Potential Market and Macroeconomic Risks]** OKX Global Managing Partner for Government and Investor Relations, Haider Rafique, stated that governments establishing strategic Bitcoin reserves could have negative impacts on both Bitcoin and the US dollar. He pointed out that large-scale government holdings of Bitcoin might manipulate prices through market sell-offs, thereby undermining Bitcoin's core characteristics of decentralization and neutrality. Citing the example of the German government selling 50,000 Bitcoins in 2024, which led to prices remaining below $60,000, he emphasized that the uncertainty of government policies could introduce liquidation risks. Rafique further noted that while Bitcoin proponents believe national reserves could help it become a global reserve currency, such a move might weaken confidence in the US dollar and drive investors toward safe-haven assets like gold or the Swiss franc. This, in turn, could lead to sell-offs of risk assets and significant market downturns. He warned that national Bitcoin reserves could pose systemic risks to the global financial system.