BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

The U.S. Department of Justice (DOJ) announced Tuesday that it has seized cloud computing accounts belonging to a subsidiary of Cambodia-based Huiwang. The DOJ labeled Huiwang as “one of the world’s most prolific criminal marketplaces,” accusing it of facilitating the laundering of billions of dollars in proceeds from crypto investment fraud and cyber scams. The agency said the accounts provided technical support for Huiwang’s operations, enabling criminals to transfer, move and hide funds, and convert funds into the banking system undetected. Assistant Attorney General A. Tysen Duva of the DOJ’s Criminal Division noted that the seizure targets a technical backbone that allowed billions in fraudulent proceeds to be moved and hidden, with a large portion of the funds coming from scam hubs in Southeast Asia. Court documents show the accounts helped operate Huiwang Guarantee, a Telegram-based marketplace where sellers trade stolen bank card and identity data, malware proceeds, and money laundering services for romance scams and investment fraud. The platform also offers escrow services to help criminals, including money launderers, conduct cryptocurrency transactions.

Qualcomm announced it has reached an agreement to acquire Modular, aiming to strengthen its software foundation for generative AI and agentic AI in data center and edge environments. The transaction is expected to close in the second half of 2026, pending customary closing conditions and relevant regulatory approvals. Qualcomm stated that Modular offers an open, AI-native software stack that enables AI to run efficiently across diverse hardware architectures. Its unified platform supports CPU, GPU, NPU, and custom ASIC architectures, eliminating the need to rewrite models for each type of accelerator. For developers and enterprises, this means they can build once and deploy across various environments while reducing total cost of ownership. Qualcomm noted that as AI scales, efficiency rather than capability is emerging as the limiting factor. Performance per watt impacts inference costs, and these costs determine whether AI can scale. This acquisition will further enable Qualcomm to deliver a chip-agnostic compute layer across devices, edge, and data centers, boosting performance per watt, increasing hardware flexibility, and expanding its open developer ecosystem.

Unitree Technology announced that the official starting price of its bipedal humanoid robot Unitree R1 has been reduced from 39,900 yuan to 29,900 yuan, with spot sales opening immediately. Weighing 25 kg, the robot is equipped with 26 high-precision joints, supports multimodal large model interaction via voice and image, and has development and customization capabilities.

，美国财长贝森特对美联储主席沃什消除了前瞻指引表示赞扬，同时他认为没有人应该做点阵图预测。在经济方面，他预计实际工资增长将恢复到四月之前的节奏，并且预计今年剩余时间经济将加速增长，同时不会推高通胀。他强调，美元的主导地位至关重要。他认为在乌克兰局势结束后，俄罗斯将希望恢复美元体系，而新的委内瑞拉正在重新回归该体系。在利率被下调期间，美元仍可以保持强势，并且美国乐于采取正确措施，以保持美元强势。关于伊朗问题，贝森特表示，美国财政部将监督伊朗的资金分配，这些资金最初将通过卡塔尔发放，其中很大一部分将用于购买由财政部监管的美国食品和药品，同时伊朗收到的任何资金都应归伊朗人所有。(金十)

According to HTX market data, Bitcoin has broken through $63,000, with a 0.96% gain over the past 24 hours.

Asset management firm 21Shares has released its mid-year crypto market report, revisiting its 2026 industry forecast and setting a base-case target of $100,000 for Bitcoin by year-end. Bitcoin previously hit an all-time high of around $126,000 in October 2025, and is currently trading at roughly $62,300, approximately 50% below that peak. 21Shares noted that Bitcoin’s post-halving price trajectory “still looks familiar”, with the current pullback aligning closely with historical post-halving patterns, though the decline is far smaller than the over 80% pullbacks seen in prior cycles. The report points out that Bitcoin remains above the $54,000 aggregate investor cost basis, with no signs of the capitulation sell-offs observed in previous bear cycles, signaling a more mature market and stickier capital flows. The report also shows that as of May 2026, global crypto ETP assets under management (AUM) stood at around $140 billion, down roughly 15% year-to-date; ETPs hold approximately 1.25 million BTC, about 8% below their prior peak. 21Shares attributes the decline primarily to price movements rather than widespread liquidations. While U.S. spot Bitcoin ETFs recorded net outflows of around $3 billion, underlying BTC allocations remain near cycle highs. Additionally, the report states that prediction market trading volume reached $57.5 billion by the end of May, already exceeding half of the firm’s full-year forecast. Full-year volume is on track to hit $100 billion, and could challenge $200 billion in the second half, driven by events including the FIFA World Cup and U.S. midterm congressional elections. Total value locked (TVL) in decentralized finance (DeFi) remains around $140 billion, below 21Shares’ earlier forecast of $300 billion. Public on-chain tokenized assets amount to $31 billion, including $15 billion in tokenized U.S. Treasuries.