Gate.io Launches INIT Perpetual Contract Pre-trading

On July 6th, the crypto detective @dethective put forward that the crypto KOL Sahil (@villainmonkey) had once launched a token named SLUT and invited KOLs like James Wynn to promote the coin. The chat records indicate that James Wynn's wallet address received 22 million SLUT tokens. Nevertheless, the token issuance failed and the project was subsequently given up. @dethective summed up by suggesting that traders should keep the following in mind when encountering new popular tokens: ? There are a lot of transactions taking place in the background; ? Scammers try to deceive other scammers; ? If neither party is deceiving the other, they will deceive you. 「If you are trading these meme coins, you are basically trying to be the last one standing in a chain where you are attempting to quickly take out the money. Your chance of winning is almost zero.」

On July 6th, Musk responded to the community on the X platform regarding the reason why he "fell out of love" with Trump. He stated, "The deficit of the (U.S. Treasury) will increase from the already astonishing $2 trillion during the Biden administration to $2.5 trillion. This will result in national bankruptcy."

On July 6th, as per Bloomberg, the Global Investigations Operations Center (GIOC) of the Transportation Security Administration (TSA) managed to seize $225 million in cryptocurrency last month. This came after a large-scale investigation that involved the Federal Bureau of Investigation (FBI) and the U.S. Attorney's Office. Over the past decade, the team of the TSA's Global Investigations Operations Center has retrieved digital assets worth $400 million from criminals. The majority of the recovered funds (amounting to approximately $400 million) "are all being held in a cold wallet." In addition to seizing these cryptocurrencies, the GIOC also conducted a week-long free training course in more than 60 countries/regions to educate local law enforcement officials on how to identify and prevent cryptocurrency-based fraud and crime.

On July 6th, as per Ashes Monitor, the investment fund of the 1inch team spent 1,757,000 USDC to purchase 9,652,000 1INCH tokens 5 hours ago at a price of $0.18. Since February, they have altogether spent 4,010,000 USDC to acquire 19,850,000 1INCH tokens with an average price of $0.2. The address spent $5.5 million from July to September of last year to buy 22,450,000 1INCH tokens at an average price of $0.245. Then, at the end of last year, they sold 15,698,000 tokens at an average price of $0.533, making a profit of $4.52 million.

On July 6th, Musk tweeted and said, "([Tweet investigation]) If you desire, you can have a new party with a 2:1 majority! When our country is ruined by waste and corruption, we are actually living under a one-party system rather than a democratic one. Today, the American Party is established to restore your freedom."

On July 6th, the Monetary Authority of Singapore (MAS) made an announcement. It stated that nine financial institutions, such as UBS and Citibank, were collectively imposed a fine of 27.5 million Singapore dollars (approximately 21.5 million US dollars), thus concluding the largest-ever money laundering case investigation in the country. This case involved 10 members of the "Fujian Gang", and the seized assets encompassed cash, luxury homes, luxury goods, and cryptocurrency. The former UBS Singapore branch under UBS was fined 5.8 million Singapore dollars due to anti-money laundering control loopholes and became the institution with the highest fine. (CoinDesk)