Vida, founder of BWENEWS, recently reviewed his trading process during the BROCCOLI714 abnormal price surge, stating that he detected the extreme price anomaly in BROCCOLI714 immediately by using pre-set alerts for short-term price increases in altcoins and monitoring spot and futures price spreads. He pointed out that after checking Binance's spot order book, he found that with a market capitalization of only about $40 million, spot buy orders once exceeded $20 million, which clearly did not conform to normal market manipulation logic and was more likely to be due to account theft or abnormal market-making program behavior. The trader stated that after confirming that the spot price was continuously driven up by abnormal funds and the futures price was suppressed by the circuit breaker mechanism, he first closed his original arbitrage position based on funding rates, locking in about $300,000 in profit; subsequently, after the Binance futures circuit breaker was lifted, he added to his long position at about $0.046, and continued to monitor the order book changes, anticipating that the abnormal buy orders might be withdrawn by risk control at any time. After the initial cancellation of spot buy orders, the trader chose to liquidate all spot and long positions, cashing out approximately $1.5 million. The trader further stated that after confirming the complete withdrawal of the abnormal buy orders, a short position was established on the contract side, and closed after a significant price drop, completing the second phase of the trade. The trader summarized that the key to this operation was the automated early warning mechanism, rapid identification of abnormal order book behavior, and the anticipation and patient execution of the scenario that "abnormal price manipulation inevitably leads to a pullback." Previous news: A market maker's Binance account was suspected of being hacked, resulting in an abnormal price surge in BROCCOLI714-USDT spot trading.

NEO's two founders, Erik Zhang and Da Hongfei, have accused each other of monopolizing financial power and lacking transparency. Zhang stated that he will return to the Neo mainnet for full management to defend the core rights of NEO/GAS holders. Simultaneously, Zhang disclosed the current NEO governance structure and the status of its accounts. Zhang stated that the vast majority of the Neo Foundation's NEO and GAS assets are currently publicly distributed across 21 initial node addresses and one multi-signature wallet. Previously, during Da Hongfei's request for Zhang to withdraw from foundation management, approximately 8 million NEO/GAS tokens were transferred to multiple multi-signature addresses designated by Da Hongfei at Zhang's request. Apart from the aforementioned transparent NEO/GAS, all auxiliary assets held by the Neo Foundation (including but not limited to BTC, ETH, and other ecosystem project tokens) are currently under Da Hongfei's actual personal control. Zhang Zhengwen stated that this part of the assets has been in a "black box" state for many years, and Da Hongfei has so far failed to provide any verifiable financial statements, asset lists, or audit certificates.

Binance announced that it is aware of the recent discussions surrounding the price fluctuations of BROCCOLI714 and has immediately launched an internal investigation. According to the current system review, the platform's risk control and circuit breaker mechanisms are functioning normally. Furthermore, based on the current internal data review, no clear signs of a hacker attack have been found, and the platform has not received any feedback regarding stolen accounts through customer service or major client communication channels. Binance is currently conducting a comprehensive review of order and transaction data related to this incident, and the investigation is ongoing.

FASB explores classifying stablecoins as cash equivalents by 2026, examining cryptocurrency transfer accounting. source: https://coincu.com/news/fasb-stablecoins-cash-equivalents-2026/

null source: https://x.com/CoinMarketCap/status/2006584944227692867

null source: https://x.com/wublockchain/status/2006577331167744113

According to ChainCatcher, data from SoSoValue indicates that Solana spot ETFs have seen a total net inflow of $2.29 million. The Bitwise SOL ETF BSOL recorded the highest single-day net inflow of $2.29 million, with a historical total net inflow reaching $625 million. As of the time of reporting, the total net asset value of Solana spot ETFs stands at $951 million, with Solana's net asset ratio at 1.36%. The historical cumulative net inflow has reached $766 million.

According to Odaily, the world's largest gold ETF, SPDR Gold Trust, has reduced its holdings by 1.43 tons, bringing the current total to 1,070.56 tons. Meanwhile, the largest silver ETF, iShares Silver Trust, saw a decrease of 11.28 tons in its holdings, resulting in a current total of 16,444.14 tons.

According to an official announcement, Upbit will list Tether Gold (XAUT), supporting trading pairs of Korean Won, BTC, and USDT.

null source: https://x.com/cointelegraph/status/2006576360777449493

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