Supreme Court: Will Research and Formulate Adjudication Rules for Virtual Currency Cases, and Promote Judicial Protection of AI and Data Rights
May 27 — During a press conference hosted by the State Council Information Office with the theme “Advancing the Rule of Law,” Liu Guixiang, a full-time member of the Supreme People’s Court’s Judicial Committee at the vice ministerial level, announced that China’s people’s courts will conduct in-depth reviews of emerging cases involving virtual currency and cross-border finance. The courts will also promptly issue judicial interpretations for civil compensation related to insider trading and market manipulation, steps aimed at safeguarding the stable functioning of the country’s capital markets and protecting the legitimate rights and interests of small and medium-sized investors. Additionally, the Supreme People’s Court noted it will develop standardized documents for cases involving new digital economy formats, with a focus on researching and formalizing rules for AI-related cases, as well as establishing judicial protections for areas like data ownership, data transactions, and AI-ge
14 minutes ago
Today's Top On-Chain Liquidation: A certain whale's BTC long position was liquidated again, with a total of $30.46 million in settlements over the past three days.
May 27 – According to monitoring by Hyperinsight (via Telegram: https://t.me/HyperInsight), on the morning of this date, the contrarian address known as the "1300 BTC Whale" on Hyperliquid saw its long positions liquidated once again. This follows two consecutive forced closures, totaling 96.39 BTC in liquidations, valued at approximately $7.3 million.
For three straight days, this whale has been the largest liquidation address on Hyperliquid, with total liquidation losses reaching $30.46 million, broken down as follows:
- May 25 at 18:00: The address’s BTC short positions were liquidated sequentially, with 169.5 BTC forcibly closed (worth ~$13.15 million); the remaining $220,000 was used to open a new long position.
- May 26 at 8:00: As BTC price dipped to around $76,650 (hitting the address’s liquidation threshold), its BTC long positions were liquidated again, and leftover funds were allocated to a new long position.
- May 27 at 2:00: With BTC dropping below $76,000 once more, the
14 minutes ago
Tom Lee: Crypto Market 'Super Cycle' Is Coming, ETH Will Benefit from Wall Street Tokenization and AI Agent Wave
May 27: Bitmine Chairman Tom Lee maintains his bullish stance that the cryptocurrency market is entering a new "super cycle," identifying Ethereum as the key asset set to benefit most from this trend. Lee cites two core catalysts driving this cycle: Wall Street-led asset tokenization and the rapid expansion of AI Agents.
Lee notes that Ethereum’s recent significant pullback offers an attractive buying opportunity. Staking activity in the Ethereum ecosystem continues to grow, with over 39.2 million ETH currently staked—accounting for roughly 32% of the blockchain’s total supply.
Separately, BlockBeats reported yesterday that Bitmine added 111,942 ETH to its holdings last week. The firm now holds a 4.47% stake in Ethereum’s total supply, which stands at approximately 1.207 billion ETH.
14 minutes ago
Double Warning: Fed Should Raise Rates, Inflation Fight at Risk
May 27 – Citadel Securities is calling on the Federal Reserve to adjust its policy stance immediately, warning that inaction could leave the central bank “behind the curve” amid resurgent inflation and a persistently overheated U.S. economy. The firm argues inflation, not the labor market, poses the greater current risk to America’s economic outlook.
Citadel Securities’ analysis highlights that U.S. April CPI surged 3.8% year-over-year – the sharpest inflation jump since 2023 – driven partly by oil price increases tied to the U.S.-Iran conflict. Adding to economic momentum: the ongoing AI investment boom and loose financial conditions, which are further stimulating growth, the firm says. Its internal model finds current interest rates are nearing the neutral rate, a level that fails to align with the market’s expectation of strong economic expansion.
Bill Dudley, the former president of the Federal Reserve Bank of New York, is also sounding the alarm over the Fed’s eroding reputation
14 minutes ago
Bankless Founder's ETH Decumulation Journey: The Monetary Thesis Fully Priced In, Bullish on the Network But No Longer Overweight in Asset
May 27: Bankless co-founder David Hoffman published a detailed post explaining why he liquidated his entire Ethereum spot holdings, emphasizing the decision was not made on impulse. Hoffman stated the big-picture narrative of "ETH as money" hasn’t collapsed—it’s just fully priced in and reached its inevitable end state. The Ethereum network is valued correctly for its current achievements, and the asset itself is unlikely to get a fresh reprice from the market, either up or down. He remains extremely bullish on the Ethereum network, believing its ecosystem will thrive massively—though only a tiny fraction of that success will keep showing up in ETH’s price.
Hoffman’s core logic is this: Ethereum is a "giver, not a taker." It provides the most secure block space, global asset tokenization services, and a massive DeFi infrastructure all at near-cost to L2s and the broader ecosystem, with no markups on any services—effectively making it the world’s most successful open-source nonprofit.
14 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
