The US Department of Justice has uncovered the largest healthcare fraud case in history, with $245 million in cryptocurrency, cash, and more seized.
On July 3rd, as reported by Forbes, the U.S. Department of Justice made an announcement regarding the cracking down on the largest healthcare fraud scheme in history. A total of 324 defendants were charged, with false claims amounting to over $14.6 billion. These defendants included 96 healthcare professionals such as doctors, nurses, and pharmacists, and the case was spread across all 50 federal districts and 12 state attorney general's offices in the United States.
This operation also led to the seizure of over $245 million in cash, cryptocurrency, luxury vehicles, and other assets. Meanwhile, the Centers for Medicare & Medicaid Services (CMS) prevented over $4 billion in fraudulent payments by suspending or revoking the billing privileges of 245 providers. The "Operation Gold Pill" case within this investigation accounted for $10.6 billion of the fraud and was linked to organized crime in Russia, Estonia, and Kazakhstan. Attorney General Pamela Bondi stated that a zero-toler
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Next week, the Crypto Market Structure Full Committee Hearing will be held, with participation from Ripple's CEO and others
On July 3rd, as reported by crypto reporter Eleanor Terrett, the Republican Banking Committee is scheduled to hold a full committee hearing on the cryptocurrency market structure next week. The hearing will be conducted on Wednesday morning at 10:00 AM (US Eastern Time). The confirmed participants currently comprise: Brad Garlinghouse, the CEO of Ripple; Kristin Smith, the CEO of the Blockchain Association; Jonathan Levin, the CEO of Chainalysis; and Dan Robinson, the General Partner at Paradigm.
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Analysis: Ripple's Application for a Federal Reserve Master Account Is More Significant Than Applying for a Central Bank License
On July 3rd, based on the comments of cryptocurrency reporter Eleanor Terrett on "Ripple's Application for National Bank Charter with the Office of the Comptroller of the Currency (OCC)", "In addition to this application, Ripple also applied for a Federal Reserve master account through its acquisition of the trust company Standard Custody last year. In terms of access, this is more significant than obtaining an OCC license. Hierarchically, a master account is at the diamond level, a bank charter is at the platinum level, a trust company is at the gold level, and a money transmitter license is at the silver level."
"Historically, the Federal Reserve has been reluctant to allow cryptocurrency companies direct access to the payment system. Although critics argue that this could reduce risk. Currently, the Federal Reserve is defending this position in the Custodia Bank lawsuit, which involves the authorization of depository institutions to obtain master account access. A judgment is expec
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Trader AguilaTrades opened a 20x long position on BTC, with a unrealized profit of $2.36 million.
On July 3rd, according to the monitoring of EmberCN, trader AguilaTrades. After suffering a recent loss of 34.18 million US dollars, it went long on Bitcoin with 20 times leverage yesterday. Currently, it is holding an unrealized profit of 2.36 million US dollars.
The current position is as follows: With a long position of 20 times and 2240 BTC, which is worth 243 million US dollars. The entry price is 107,886 US dollars and the liquidation price is 105,861 US dollars.
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A certain whale averaged $40.13 and increased its holdings by 215,850 HYPE tokens.
On July 3rd, as monitored by OnchainLens, a whale transferred 8,768,000 USDC into HyperLiquid and acquired 215,850 HYPE at an average price of $40.13, with a total worth of $8.66 million.
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CITIC Securities: Significant Division in Fed FOMC Monetary Policy Stance, with Four Members Holding a Dovish View
July 3rd. According to a recent report from CITIC Securities, based on the recent statements made by Federal Reserve officials, there exists a notable division within the monetary policy stance of the current 12 voting members of the Federal Reserve. Among the Federal Reserve voters, there are 4 members belonging to the dovish camp, such as Federal Reserve Governor Waller, Vice Chair Bowman, Federal Reserve Governor Quarles, and Chicago Fed President Evans; there are 6 voters, including the Fed Chair, who hold a neutral stance and advocate for policy patience, while two voters adopt a hawkish position. In the current Fed decision-making process, the inclination of the Fed Chair remains highly significant, and the key factor determining whether the Fed will transition to a dovish stance in the future still lies in the change in economic data. (FX168)
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