Peng Jing, the founding partner of Chongqing Jingsheng Law Firm, has reportedly been detained by authorities in connection with a bribery and money laundering case involving 30.8 million USDT, equivalent to approximately 210 million yuan. According to NS3.AI, the case has sparked discussions within Chongqing's political and business circles, linking it to investigations concerning Chongqing Mayor Hu Henghua and official Luo Lin. Sources indicate that authorities have seized one cold wallet and traced funds from six additional wallets following the investigation of Hu Henghua.

According to a reporter from The Washington Examiner, a senior official stated that the White House is in active dialogue with congressional lawmakers regarding today's deadline for requesting a 30-day reauthorization of the war with Iran. (Jin Shi)

A new report from the non-profit research firm Anti-Corruption Data Collective (ACDC) suggests that the prediction market platform Polymarket may be involved in a wider range of insider trading issues than the previous "Green Berets betting on the Venezuelan attack." The study analyzed 435,000 markets settled between January 2021 and mid-March 2026, totaling $54.4 billion in trading volume. It found an unusually high success rate for low-probability bets in government decision-making markets related to military and defense. Data shows that the average success rate of such "niche bets" in political markets is approximately 14%, while some cases in military-related contracts have success rates exceeding 50%. The research argues that these markets are difficult to predict using only publicly available information and are more susceptible to information asymmetry, including insider trading or expert information advantages. The report also points out that Polymarket's profits are highly concentrated. Research from London Business School and Yale University shows that approximately 3% of traders contribute the majority of price discovery on the platform; blockchain analytics firm Solidus Labs found that less than 1% of wallets capture about half of the profits. Taking the June 2025 US airstrikes against Iran as an example, hours before the attack, 19 low-probability bets totaling $164,000 were concentrated on the "YES" contract that ultimately paid out. Eight wallets collectively profited approximately $1.8 million, with a single wallet profiting nearly $500,000. Although the Pentagon deliberately concealed its operations using decoy bombers and long-range stealth aircraft, a few traders still accurately predicted the outcome. The ACDC recommends that Polymarket strengthen identity verification, implement conditional payouts for suspicious bets, limit markets where a few people determine the outcome, and reduce overly granular contract designs. The report further calls for a broader discussion on whether the public should bet on such events. (CoinDesk)

According to NS3.AI, a recent analysis by ACDC of over 435,000 settled Polymarket contracts, totaling $54.4 billion in cumulative volume, revealed that low-probability bets in military and defense markets have been winning at unusually high rates. Typically, longshot bets in political markets succeed about 14% of the time, but military-linked contracts have exceeded 50% in some instances. A case study from June 2025 highlighted U.S. strikes on Iran, where 19 longshot bets placed before the June 21 strike resulted in approximately $1.8 million in profits across eight wallets.

AllUnity, a joint venture supported by DWS, Flow Traders, and Galaxy Digital, has announced the expansion of its euro stablecoin, EURAU, to the Solana blockchain network. According to Odaily, this move aims to enhance the efficiency of euro transactions on the blockchain and support compliant financial applications. EURAU was initially launched on Ethereum in July of last year, backed by 100% reserves and issued under the EU's electronic money regulatory framework. With its integration into Solana, AllUnity seeks to leverage the network's high performance to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete euro transactions on the blockchain within seconds. This mechanism can be widely applied in scenarios such as cross-border payments, transaction settlements, lending, and corporate fund management. For instance, payment companies can make real-time payments to overseas contractors without the delays associated with traditional bank transfers.

The 2026 Google Cloud Stablecoin Forum in Hong Kong has concluded, centering on AI-driven payments, Web3 infrastructure, and the agent economy. According to PANews, industry leaders gathered to discuss new paradigms in stablecoins and the agent-to-agent (A2A) economy. The event highlighted the integration of artificial intelligence in financial transactions and the development of Web3 technologies, aiming to enhance the efficiency and security of digital payments. Participants explored the potential of stablecoins in transforming economic interactions and fostering innovation in the digital economy.

AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro stablecoin EURAU, compliant with the EU's MiCA regulatory framework, to the Solana blockchain network. This expansion aims to improve the efficiency of on-chain Euro transfers and support compliant financial applications. EURAU, first launched on Ethereum last July, is 100% backed by reserves and issued under the EU's electronic money regulatory framework. With this integration into Solana, AllUnity hopes to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds. This mechanism can be widely applied to scenarios such as cross-border payments, transaction settlement, lending, and corporate fund management. For example, payment companies can make payments to overseas contractors in real time, without waiting for traditional bank transfers to take several days. (CoinDesk)

THORWallet has partnered with Unblock to expand access to non-custodial Mastercard services globally. This collaboration aims to enhance the integration of stablecoin-powered finance into everyday payment infrastructure, reflecting the growing interest of traditional payment networks and fintech companies in crypto settlement and wallet infrastructure. According to BeInCrypto, this move is part of a broader trend where stablecoins, crypto cards, and self-custody finance are becoming integral to payment systems worldwide.

On April 30, a prominent cryptocurrency investor known as 'Set 10 Big Goals First' disclosed on social media that they have closed a leveraged Bitcoin position. According to BlockBeats On-chain Detection, the investor had utilized a 4x leverage on their Bitcoin trade. The closure of this position resulted in a loss of $6.51 million.

Bitcoin faces significant resistance around $80,000, while the derivatives market continues to signal risk aversion. Analysts point out that short-term holders' cost base is concentrated around $80,000; a break above this level could trigger profit-taking, limiting further upside potential. Meanwhile, the upcoming release of US March PCE inflation data, coupled with rising international oil prices and increasing US Treasury yields, continues to suppress risk assets. WTI crude oil briefly rose to $110, and restrictions on passage through the Strait of Hormuz also keep the energy market vulnerable. The Federal Reserve kept interest rates unchanged, but four officials dissented—the most since 1992—further exacerbating market uncertainty. Bitwise researcher Luke Deans stated that altcoins have a 180-day correlation and beta percentile close to 97% and 99% with Bitcoin, respectively, meaning most tokens will continue to behave as "highly leveraged versions of Bitcoin." Derivatives data shows that total open interest (OI) in the futures market fell by over 2% to $119 billion in the past 24 hours, while trading volume increased by 26% to $208 billion, indicating a large number of positions were liquidated, funds withdrew from the market, and risk aversion intensified. During the same period, exchanges liquidated over $500 million in leveraged positions, most of which were long positions, reflecting a concentrated blow to long positions amid market weakness. Furthermore, BTC and ETH futures OI fell by 2% and 1.7% respectively, and the 24-hour cumulative volume difference (CVD) for most major cryptocurrencies turned negative, indicating stronger selling pressure and the risk of further market decline. Deribit data shows that protective put option prices for BTC and ETH continue to be higher than call option prices, while a large number of open positions in Bitcoin call options with a strike price of $80,000 form a positive Gamma structure, meaning that market makers may continue to sell hedges near this price level, further suppressing upside potential. (CoinDesk)

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