Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

On May 25, Onchain Lens monitoring shows a whale offloaded 151,570 HYPE over the past 24 hours at an average price of $61.63, cashing out roughly $9.34 million. The same whale also sold 130 BTC at $77,047 per token, generating approximately $10 million in proceeds. Currently, this whale has a remaining pending sell order for 170,000 HYPE (valued at about $10.66 million), with the order priced between $63.45 and $70.55. They additionally hold 30,000 HYPE in a staked state.

May 25: Alternative Data reports today’s cryptocurrency Fear & Greed Index came in at 30, up from yesterday’s 25, as market sentiment shifts from "Extreme Fear" to "Fear." Note: The Fear & Greed Index ranges from 0 to 100, weighted by six key metrics: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Survey (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

May 25 — XRPL developer Wietse Wind has issued the latest security warning to the XRP community, noting that scams targeting XUMM Wallet users have been surging recently. Scammers are currently pushing fake desktop wallet applications and running phony airdrop campaigns to trick users into connecting their wallets or downloading malicious software to siphon off their funds. Wind’s key reminder to users: Never connect your wallet to untrustworthy websites, and steer clear of downloading any unofficial applications — this is crucial to protecting your assets from being lost.

On May 25th, Hyperinsight monitoring (via their Telegram channel at https://t.me/HyperInsight) shows Ethereum (ETH) bounced back from near $2,000 over the weekend. Six hours ago, a whale on Hyperliquid placed two large sell orders to short 5,614.9 ETH across the $2,115–$2,149 price range, with an estimated total position size of roughly $12.05 million. If these orders are fully executed, their volume-weighted average price (VWAP) entry will be approximately $2,147.58. The whale’s wallet address is: 0xf517639a8872e756ac98d3c65507d2ebc25cc032.

May 25: Hong Kong Financial Secretary Paul Chan released his "Secretary's Blog", stating that leveraging blockchain and artificial intelligence (AI) is an inevitable trend for the future of financial development. However, this tech also brings practical governance challenges—such as criminals and terrorists attempting to exploit regulatory arbitrage for money laundering and fundraising activities. Hong Kong has taken the lead over Europe in the principles, practices, and experience related to the development and regulation of digital assets. There is ample room for cooperation and mutual learning between the two regions, which will not only promote the healthy growth of the industry but also contribute to global governance efforts.

May 25th — per data from Coinglass — as Bitcoin posted a minor gain while remaining in a consolidation phase, current funding rates on major centralized (CEX) and decentralized (DEX) crypto exchanges indicate significant bearish market sentiment, as outlined in the attached image. BlockBeats Note: The funding rate is a fee established by cryptocurrency exchanges to maintain parity between perpetual contract prices and the underlying asset’s value. This is a fund transfer mechanism between long and short traders; exchanges do not retain these fees. Instead, the funding rate adjusts the cost or profit for traders holding perpetual contracts to keep the contract price closely aligned with the underlying asset’s market price. A funding rate of 0.01% serves as the baseline: a rate above 0.01% generally signals bullish market sentiment, while a rate below 0.005% typically points to bearish sentiment.