News

a cryptocurrency class action lawsuit accusing Mark Cuban and the Dallas Mavericks of deceiving investors by promoting the now-bankrupt cryptocurrency lending platform Voyager Digital has been dismissed. The lawsuit claimed that Cuban made multiple false statements about the company before Voyager filed for bankruptcy protection (Chapter 11) in 2022. At the time of Voyager's bankruptcy filing, the value of crypto assets on its platform was approximately $1.3 billion. Voyager's collapse was part of a broader market downturn triggered by the Terra blockchain crash, which wiped out about $40 billion in market value and ultimately led to its founder Do Kwon being sentenced to 15 years in prison earlier this month.

According to Odaily, digital asset market research institution Delphi Digital posted on X, stating that the price of gold has risen by 120% since the beginning of 2024, marking one of the strongest historical increases. This surge occurred without the backdrop of an economic recession, quantitative easing, or financial crisis. Central banks purchased over 600 tons of gold in 2025, and the purchase volume is expected to reach 840 tons in 2026. Since gold has historically led bitcoin by about three months at liquidity turning points, this trend is significant for the cryptocurrency market. Currently, gold has completed its repricing for the easing cycle, while bitcoin sentiment is still influenced by previous cycle simulations and recent pullbacks. The performance of precious metal assets is sending signals of policy easing and fiscal dominance. When precious metals outperform stocks, the market is pricing in currency devaluation rather than a collapse in growth. Volatility in the precious metals market could be a signal for the subsequent trends of other risk assets.

On-chain analyst AiYi detected a suspected exchange account theft. Due to risk control mechanisms, the hacker was unable to withdraw funds directly and attempted to transfer assets through wash trading, choosing the illiquid meme token BROCCOLI714 as the target to aggressively pump the spot price. Vida, founder of Formula News, noticed the abnormal price movement and, after the contract circuit breaker ended, accurately opened and closed long positions multiple times, intercepting the hacker's operations and profiting approximately $1 million. Subsequently, suspected exchange risk control intervened, preventing the hacker from placing further orders. The hacker attempted to operate with SOL but failed, eventually canceling orders and giving up.