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zest Hits New High of 0.180326 USDT, Up 3.91% in 24H

【zest soared to 0.182104 USDT, a new high with a 24-hour increase of 3.91%. It currently trades at 0.180326 USDT on HTX.】zest Hits New High of 0.180326 USDT, Up 3.91% in 24H

zest soared to 0.182104 USDT, a new high with a 24-hour increase of 3.91%. It currently trades at 0.180326 USDT on HTX.

On May 26, according to HTX market data, as Bitcoin fell below $77,000 this morning, Ethereum experienced further declines. The ETH/BTC exchange rate has been continuously decreasing since reaching a temporary high on August 24 of last year, setting a new low in this bear market, currently reported at 0.02713.

[ETH/BTC Exchange Rate Continues to Decline, Currently at 0.02713]On May 26, according to HTX market data, as Bitcoin fell below $77,000 this morning, Ethereum experienced further declines. The ETH/BTC exchange rate has been continuously decreasing since reaching a temporary high on August 24 of last year, setting a new low in this bear market, currently reported at 0.02713.

ETH/BTC Exchange Rate Continues to Decline, Currently at 0.02713

HTX data monitoring shows that ETH has broken through 2100 USDT, currently reported at 2100.11 USDT, with a 24H decline of 0.45%.

【ETH breaks through 2100 USDT】HTX data monitoring shows that ETH has broken through 2100 USDT, currently reported at 2100.11 USDT, with a 24H decline of 0.45%.

ETH breaks through 2100 USDT

The European Cybercrime Centre and Latvia's anti-terrorism unit recently raided an office in Latvia, dismantling a SIM card fraud operation. Police seized 1,200 SIM box devices and 40,000 active SIM cards, capable of connecting to 80 countries simultaneously. The gang operated two websites, Gogetsms and Apisim, providing on-demand rental of overseas phone numbers to criminals for activities such as phishing, bank fraud, investment scams, extortion, and human trafficking. This network has caused at least 3,200 fraud cases in Austria and Latvia, with losses amounting to $5.8 million. Police also confiscated four luxury cars, froze $470,000 in bank account funds, and seized $290,000 in cryptocurrency. The operation was run by just seven individuals, yet they created 49 million fake accounts through their services.

[Latvian Police Bust SIM Card Fraud Operation, Seize $290,000 in Cryptocurrency]The European Cybercrime Centre and Latvia's anti-terrorism unit recently raided an office in Latvia, dismantling a SIM card fraud operation. Police seized 1,200 SIM box devices and 40,000 active SIM cards, capable of connecting to 80 countries simultaneously. The gang operated two websites, Gogetsms and Apisim, providing on-demand rental of overseas phone numbers to criminals for activities such as phishing, bank fraud, investment scams, extortion, and human trafficking. This network has caused at least 3,200 fraud cases in Austria and Latvia, with losses amounting to $5.8 million. Police also confiscated four luxury cars, froze $470,000 in bank account funds, and seized $290,000 in cryptocurrency. The operation was run by just seven individuals, yet they created 49 million fake accounts through their services.

Latvian Police Bust SIM Card Fraud Operation, Seize $290,000 in Cryptocurrency

On May 26, according to official news, the International Holding Company (IHC), headquartered in Abu Dhabi, announced that it has completed a transaction valued at $30 million (110 million dirhams) using a UAE dirham-backed stablecoin. This marks the first major institutional application of the stablecoin since it received regulatory approval. The transaction utilized the DDSC stablecoin and was executed on the institutional-level Layer-2 blockchain ADI Chain, developed by the ADI Foundation. Officials stated that this multimillion-dollar transaction demonstrates the operational readiness of the digital currency ecosystem and its capability to handle institutional-level transaction volumes. DDSC was created in collaboration with IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. The approval of DDSC by the Central Bank of the UAE earlier this year is part of a broader regulatory push, following the licensing of several dirham-pegged tokens. The CEO of IHC stated in a statement, 'This transaction indicates that the digital infrastructure in the UAE is active, resilient, and ready to support real institutional financial activities.'

[UAE Giant IHC Completes First Institutional-Level Dirham Stablecoin Transaction Worth $30 Million]On May 26, according to official news, the International Holding Company (IHC), headquartered in Abu Dhabi, announced that it has completed a transaction valued at $30 million (110 million dirhams) using a UAE dirham-backed stablecoin. This marks the first major institutional application of the stablecoin since it received regulatory approval. The transaction utilized the DDSC stablecoin and was executed on the institutional-level Layer-2 blockchain ADI Chain, developed by the ADI Foundation. Officials stated that this multimillion-dollar transaction demonstrates the operational readiness of the digital currency ecosystem and its capability to handle institutional-level transaction volumes. DDSC was created in collaboration with IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. The approval of DDSC by the Central Bank of the UAE earlier this year is part of a broader regulatory push, following the licensing of several dirham-pegged tokens. The CEO of IHC stated in a statement, 'This transaction indicates that the digital infrastructure in the UAE is active, resilient, and ready to support real institutional financial activities.'

UAE Giant IHC Completes First Institutional-Level Dirham Stablecoin Transaction Worth $30 Million

On May 26, ECB Executive Board Member Isabel Schnabel stated that a rate hike in June is inevitable; we can no longer ignore the surge in inflation. The latest data indicates that there are upward risks to inflation and downward risks to economic growth. The inflation shock is gradually spreading to other parts of the consumer basket, with increasingly evident signs.

[ECB Executive Schnabel: Rate Hike in June Inevitable]On May 26, ECB Executive Board Member Isabel Schnabel stated that a rate hike in June is inevitable; we can no longer ignore the surge in inflation. The latest data indicates that there are upward risks to inflation and downward risks to economic growth. The inflation shock is gradually spreading to other parts of the consumer basket, with increasingly evident signs.

ECB Executive Schnabel: Rate Hike in June Inevitable

According to Onchain Lens monitoring, Whale Evaded (@ICanPlug) opened a short position of 525.34 BTC with 40x leverage one hour ago, valued at approximately $40.26 million. Additionally, two days ago, they opened a long position of 53,500 ZEC with 5x leverage, valued at around $33.3 million, which is currently facing a floating loss of over $1.48 million.

[Whale Opens $40.26 Million BTC Short Position While Holding $33.3 Million ZEC Long Position]According to Onchain Lens monitoring, Whale Evaded (@ICanPlug) opened a short position of 525.34 BTC with 40x leverage one hour ago, valued at approximately $40.26 million. Additionally, two days ago, they opened a long position of 53,500 ZEC with 5x leverage, valued at around $33.3 million, which is currently facing a floating loss of over $1.48 million.

Whale Opens $40.26 Million BTC Short Position While Holding $33.3 Million ZEC Long Position

On May 26, DeFi yield protocol Pendle Finance announced that it will concentrate co-incentives on the Limit Orders (LO) mechanism to enhance the platform's liquidity depth and trading execution efficiency. Pendle stated that since the full LO incentive system was launched about two months ago, the proportion of limit orders in the platform's total swap trading volume has increased from 44% to 71%, with monthly LO trading volume nearly doubling, making it the core driving force of Pendle's trading activity. Data shows that Pendle currently allocates about 6,500 PENDLE incentives weekly to limit orders, supporting approximately $400 million in nominal order book depth. The platform claims that on an annualized basis, every $1 in incentives can generate about $800 in liquidity, achieving a capital efficiency of approximately 800 times. Pendle also announced new co-incentive rules: if project parties provide incentives in PENDLE, they will receive an additional $0.22 in PENDLE for every $1 invested; if incentives are provided in other tokens, they will receive $0.15 in PENDLE for every $1. If overall demand exceeds the weekly incentive cap of 9,000 PENDLE, rewards will be distributed proportionally. Pendle stated that LOs have proven to be the most effective tool for improving market quality and liquidity depth, and future co-incentive resources will prioritize the limit order ecosystem.

[Pendle Shifts Co-Incentives to Limit Orders, Reports 71% Trading Volume Contribution from LOs]On May 26, DeFi yield protocol Pendle Finance announced that it will concentrate co-incentives on the Limit Orders (LO) mechanism to enhance the platform's liquidity depth and trading execution efficiency. Pendle stated that since the full LO incentive system was launched about two months ago, the proportion of limit orders in the platform's total swap trading volume has increased from 44% to 71%, with monthly LO trading volume nearly doubling, making it the core driving force of Pendle's trading activity. Data shows that Pendle currently allocates about 6,500 PENDLE incentives weekly to limit orders, supporting approximately $400 million in nominal order book depth. The platform claims that on an annualized basis, every $1 in incentives can generate about $800 in liquidity, achieving a capital efficiency of approximately 800 times. Pendle also announced new co-incentive rules: if project parties provide incentives in PENDLE, they will receive an additional $0.22 in PENDLE for every $1 invested; if incentives are provided in other tokens, they will receive $0.15 in PENDLE for every $1. If overall demand exceeds the weekly incentive cap of 9,000 PENDLE, rewards will be distributed proportionally. Pendle stated that LOs have proven to be the most effective tool for improving market quality and liquidity depth, and future co-incentive resources will prioritize the limit order ecosystem.

Pendle Shifts Co-Incentives to Limit Orders, Reports 71% Trading Volume Contribution from LOs

On May 26, the South Korean government announced that it will monitor the risks associated with overseas private debt investments totaling approximately $37 billion made by Korean investors, following a series of risk events in the global private debt sector. In a joint statement released on Tuesday, South Korea's financial regulatory authorities and the Ministry of Finance stated that the government will 'continuously pay attention to the risk exposure of Korean investors while considering market conditions' and will 'maintain a close cooperation system among relevant departments to respond to changes in the situation.' According to the statement, as of the end of February, the overall risk exposure of the South Korean financial sector to overseas private debt investments was 30.5 trillion won (approximately $20.2 billion), with pension fund-related investments amounting to about 25.4 trillion won (approximately $16.8 billion). Reports have indicated that the Financial Supervisory Service of South Korea began reviewing the overseas private credit risk exposure across all industries under its regulatory scope last month. The South Korean government stated: 'Considering the scale of overseas private debt investments relative to total assets, the overall investment risk in the financial sector remains at a controllable level.'

[South Korea to Monitor $37 Billion Overseas Private Debt Investment Risks]On May 26, the South Korean government announced that it will monitor the risks associated with overseas private debt investments totaling approximately $37 billion made by Korean investors, following a series of risk events in the global private debt sector. In a joint statement released on Tuesday, South Korea's financial regulatory authorities and the Ministry of Finance stated that the government will 'continuously pay attention to the risk exposure of Korean investors while considering market conditions' and will 'maintain a close cooperation system among relevant departments to respond to changes in the situation.' According to the statement, as of the end of February, the overall risk exposure of the South Korean financial sector to overseas private debt investments was 30.5 trillion won (approximately $20.2 billion), with pension fund-related investments amounting to about 25.4 trillion won (approximately $16.8 billion). Reports have indicated that the Financial Supervisory Service of South Korea began reviewing the overseas private credit risk exposure across all industries under its regulatory scope last month. The South Korean government stated: 'Considering the scale of overseas private debt investments relative to total assets, the overall investment risk in the financial sector remains at a controllable level.'

South Korea to Monitor $37 Billion Overseas Private Debt Investment Risks

According to TheBlockCrypto, the Markets in Crypto-Assets Directive, known as MiCA, was on the docket for a vote on February 28 that would send it from the European Parliament into negotiations between that body and the Council of the European Union and the European Commission — putting future alterations into question.
However, Stefan Berger, chairman of the Economics Committee and rapporteur in charge of that vote, has postponed it, Berger's office told The Block today. 
A source close to negotiations over the directive told The Block that the primary point of contention was late-stage changes that some interpreted as bans on proof-of-work networks, primarily out of concerns over their energy usage. After a leak generated negative press as well as overwhelming Twitter response, the right and center-right members withdrew support for the latest amendments.

Detail

【European Parliament delays vote on crypto assets bill over proof-of-work debate】According to TheBlockCrypto, the Markets in Crypto-Assets Directive, known as MiCA, was on the docket for a vote on February 28 that would send it from the European Parliament into negotiations between that body and the Council of the European Union and the European Commission — putting future alterations into question.
However, Stefan Berger, chairman of the Economics Committee and rapporteur in charge of that vote, has postponed it, Berger's office told The Block today. 
A source close to negotiations over the directive told The Block that the primary point of contention was late-stage changes that some interpreted as bans on proof-of-work networks, primarily out of concerns over their energy usage. After a leak generated negative press as well as overwhelming Twitter response, the right and center-right members withdrew support for the latest amendments.

European Parliament delays vote on crypto assets bill over proof-of-work debate

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Article

Shanghai and Shenzhen Markets Total Trading Volume Reaches 32,057.3 Billion Yuan, SMIC Leads in Trading Volume

European Parliament delays vote on crypto assets bill over proof-of-work debate

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