Bloomberg reported that Susquehanna Investment Group has sued 100 John Doe defendants in Manhattan federal court, seeking to unmask individuals it claims made at least $100 million trading on inside information about a Chinese government crackdown on cross-border brokerages.The Pennsylvania-based market-making firm, which says it was the counterparty on most of the alleged trades, is seeking to recover more than $70 million it lost in what it believes is one of the largest insider-trading schemes in recent memory. The allegations focus on 200,000 short-dated put option bets placed in the two weeks before China's May 22 announcement punishing brokers for flouting capital controls, with Futu Holdings and Up Fintech's Tiger Brokers singled out for soliciting business without an onshore license. Many trades were made through accounts at Interactive Brokers, Futu, and Tiger Brokers, and Susquehanna is seeking an order freezing certain accounts and authorizing subpoenas. The traders collectively spent $12 million on options, yielding more than $100 million in profit — a return exceeding 900%. Susquehanna alleges "powerful evidence" of material non-public information use, saying tips could have come from Chinese securities regulators or personnel at Futu or Tiger's TradeUP unit. "By way of comparison, Raj Rajaratnam's infamous insider trading scheme at Galleon Management yielded only approximately $53 million in profits," Susquehanna said in its complaint, referring to the hedge fund manager convicted in 2011. 

Oil was headed for its biggest quarterly decline since the pandemic as flows through the Strait of Hormuz accelerated following progress on a peace deal, according to Bloomberg. Morgan Stanley warned of potential glut risks.

Hong Kong stocks opened mixed, with the Hang Seng Index down 18 points, or 0.09%, at 23,007, according to Ming Pao. The Hang Seng China Enterprises Index fell 6 points, or 0.09%, to 7,599, while the Hang Seng Tech Index opened at 4,416, up 0.54%. Turnover was HK$4.6 billion. At the open, 9.87% of stocks were higher, 6.49% were lower, and 83.62% were unchanged.

A whale address has opened a new short position of 22,000 ETH using 25x leverage, according to Onchain Lens monitoring. According to Foresight News, the position was valued at about $35 million.

Elon Musk, Artificial Intelligence, Chips, Nvidia, Musk Buys "A Beam of Light," Silicon Valley Giants Are Getting Restless. Golden Finance reports that optical modules are becoming a "new favorite" for Silicon Valley tech giants.

Honeywell Aerospace CEO said that after operating independently, the company would be better positioned to support Boeing and Airbus as they increase production capacity. According to Jin10, the company is advancing supplier-source diversification as part of its strategy to raise output. The CEO also said Honeywell Aerospace is considering mergers and acquisitions to expand into technology areas related to electrification, automation, safety, and manufacturing efficiency.

OpenClaw announced that its native mobile OpenClaw app is now available on Apple’s App Store and Google Play Store. According to PANews, users can pair the app with a private OpenClaw gateway via mobile phones to enable localized AI assistant functions, including chat, voice calls, approval management, and device-aware automation. The company said the app follows a “local-first” approach, with users controlling all keys, configurations, and permissions. It added that device permissions are enabled on an as-needed basis.

US President Donald Trump will temporarily lift duties on phosphate fertilizer from Morocco as the administration seeks to support a struggling farm economy and address consumer concerns about food inflation, according to Bloomberg.

The mathematical logic behind Strategy's STRC may still hold true, but market confidence may not.

The US and Iran negotiating teams met in Doha this week, but the two sides gave conflicting accounts even regarding whether a meeting would take place. Trump claimed that "Iran has requested a meeting," while Tehran insisted that "no negotiations have been arranged."

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3105, providing you with the latest and fastest news on the digital currency and blockchain industry.

The story of Bitcoin in 2010 is about how these people pushed a working trust machine toward prices, commodities, accidents, mining organizations, and public political pressure.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Not your keys, not your money. This is the first tenet of the Bitcoin world.

Based on the current fundamentals, there is no logical support for the STRC to rebound to $100.

Encrypted channels are unlikely to achieve the same level of investor protection and systemic risk buffering as traditional channels in the short term, while traditional infrastructure also needs to leverage encryption technology to achieve greater global accessibility and efficiency.

ETH, Ethereum, has let users down after six years of waiting? Golden Finance reports, "BTC still has die-hard fans who believe it has consensus value."