Coinbase, Meta, and SpaceX Participate in U.S. Department of Justice Anti-Fraud Operation, Freeze Over $3.8 Million in Cryptocurrency Assets
June 4 – The U.S. Department of Justice (DOJ) announced the completion of a multinational anti-fraud operation codenamed “Disruption Week,” during which it partnered with tech and security firms including Apple, Coinbase, Google, Meta, Microsoft, SpaceX, and TRM Labs to freeze over $3.8 million worth of cryptocurrency assets tied to fraudulent activities.
Coinbase alone contributed to freezing more than $3 million in assets linked to the scams. The full operation resulted in the closure of over 1.4 million accounts, the deactivation of thousands of Starlink devices, and the arrest of 63 suspects – with Thai police adding seven additional scam-related arrests to the total tally.
Authorities also dismantled multiple fraud servers and hosting infrastructure based in Southeast Asia, where the criminal network operated primarily across the border regions of Cambodia, Laos, Myanmar, and Thailand.
The announcement comes against a backdrop of surging crypto fraud losses in the U.S.: FBI dat
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「Top 1 on the Network Liquidation Leaderboard」 Flipped by Short Sellers, BTC's Biggest Bear Whale Liquidated for $29.3 Million
June 4: According to Hyperinsight Monitor, today’s largest network-wide liquidation traces back to two whales: one previously liquidated on a BTC long position, another that was liquidated on a ZEC long. These events sparked a sharp market downturn, hitting long orders hard first. By noon, BTC’s rebound triggered liquidations for a major address that tried to “catch the falling knife” during the dip. After this whale got heavily liquidated, the market pulled back slightly again.
4 hours ago, Hyperliquid’s “BTC Largest Short” suffered two consecutive liquidations during the BTC rebound — total liquidations hit 454 BTC, worth roughly $29.3 million, setting a new single-network largest liquidation record today. Margin losses also caused a partial liquidation of the whale’s HYPE long position.
Per reports, this whale continuously added to its position and shifted to shorting during the earlier market downturn, causing its liquidation price to once fall below its average entry price. As o
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Global Central Banks Resume Net Gold Purchases in April, Chinese Central Bank Increases Holdings for 18th Consecutive Month
June 4 – The World Gold Council’s latest report signals a turnaround in global central bank gold moves: After heavy net selling in March, April brought a return to buying, with central banks adding a net 17 tons of gold that month. Even so, total purchases in April remained lower than the same period last year.
Poland led all nations with 14 tons in April, bringing its year-to-date total to 45 tons and boosting its gold reserves to 595 tons. The People’s Bank of China (PBOC) added 8 tons in April – its largest single-month jump since December 2024 – lifting China’s gold reserves to 2,322 tons and marking 18 straight months of gold purchases. The Czech National Bank extended its gold buying streak to 38 months, adding 2 tons in April.
On the selling front: The Central Bank of Russia continued unloading gold, net selling 6 tons in April. Year-to-date sales hit 22 tons, the fourth consecutive month of net selling. Uzbekistan trimmed its gold holdings by 1 ton in April, though it sti
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Upbit will suspend Injective (INJ) deposit and withdrawal services to support network upgrade
June 4 — South Korean cryptocurrency exchange Upbit announced that due to a network upgrade for Injective (INJ), deposits and withdrawals of INJ will be suspended starting at 19:00 Beijing time (20:00 Korean time) today, and will remain suspended until the network is confirmed stable.
The suspension only affects INJ deposit and withdrawal functions; spot trading of INJ will continue as normal, Upbit clarified. The exchange warned users that conducting on-chain transfers during this suspension may cause delayed deposits or withdrawals, and in extreme cases, could lead to irreversible loss of funds.
Upbit added that it will work closely with the Injective project team to safeguard user assets, and will issue a separate notice once deposit and withdrawal services are set to resume.
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U.S. Treasury Secretary Urges Congress to Pass the CLARITY Act This Summer to Confirm Advancement of Strategic Bitcoin Reserve Building
June 4 — U.S. Treasury Secretary Scott Bessent is calling on Senate lawmakers to pass the CLARITY Act by this summer, a step designed to strengthen the regulatory framework for digital assets.
Bessent also confirmed the U.S. government is moving forward with a strategic Bitcoin reserve initiative "in a prudent and expeditious manner," noting the reserve will be made up primarily of Bitcoin seized by federal authorities.
The statement signals the U.S. is ramping up efforts to advance cryptocurrency regulatory legislation while actively pushing ahead with plans to establish a national strategic Bitcoin reserve.
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Bitget now supports 15 stock tokens, including NVIDIA and Micron, as collateral for futures trading
On June 4th, Bitget announced a key upgrade to its US Stock 2.0 product—focused on boosting capital efficiency—by adding 15 US stock tokens as eligible collateral for unified account and U-based contract cross-margin trading.
Supported assets in this update include: rAAPL, rAMZN, rMETA, rMU, rTSLA, rGOOGL, rNVDA, rINTC, rMSFT, rASML, rAVGO, rTSM, rSNDK, and other core tech stocks, plus index tokens rQQQ and rSPY.
Following the rollout, users can hold spot positions in these US stock tokens and use them directly as collateral for contract trades, enabling more flexible capital management and cross-market risk hedging. For complete details, please refer to Bitget’s official announcement.
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