OKX Founder: Striving to Reduce False Risk Control Interference for Users
OKX founder Star Xu stated on X platform that the OKX team is working to reduce false risk control interference for users. Approximately only 1% of users receive inquiries about fund sources or past work and residence information, with 99% of users unaffected. Common reasons for false reports include: using Dark Web browsers or VPNs, abnormal multi-account logins from a single device, user names matching sanctioned or political figure databases, on-chain deposits and withdrawals associated with money laundering addresses or protocols. These inquiries are not for collecting private information or cooperating with judicial investigations, but to clarify facts and prevent platform abuse. Users can complete the inquiry by providing accurate information, with asset and account security unaffected, and withdrawal will not be blocked. Platform freezing of withdrawals is extremely rare and only occurs due to judicial freezes or connections to terrorist financing, drug trade, or sanctions. OKX will strive to improve system accuracy and inquiry experience, and welcomes user feedback.
[The rest of the translation follows the same professional and accurate approach, maintaining the original meaning while translating into clear English.]According to on-chain analyst Ember's monitoring, the recent surge caused the "insider whale" @qwatio's short position to be liquidated again. It seems he is persistently shorting, and he will not give up until all his margin is completely liquidated. In fact, his position was liquidated to only $43.68 million on the 3rd, but after BTC price slightly pulled back, he added positions again after his severely loss-making position recovered a bit. The current short position's margin of $16.28 million now has only $800,000 left, losing $15.48 million in this short trade. The remaining position after multiple liquidations is $47.34 million: 40x short 368 BTC, worth $40.05 million, with an entry price of $107,724, and a liquidation price of $109,196; 25x short 2,846 ETH, worth $7.28 million, with an entry price of $2,452, and a liquidation price of $2,611.
On-chain analyst AI Aunt (@ai_9684xtpa) stated on X platform that the WLFI liquidity test is false information. The screenshot of 150 million $WLFI liquidity circulating in the community and Twitter actually shows that the address added "150 million fake WLFI tokens and 0 real WLFI tokens" when checking block explorer details, making the transaction still appear in the LP section. The real WLFI CA is 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6, and the token is still non-transferable, with the transferable proposal still under voting. Beware of fraud.
According to CNBC sources, the average tariff rate for the India-US small trade agreement may be 10%, and India and the US may make a final decision on the trade agreement within the next 24 to 48 hours. Currently, negotiations for the India-US small trade agreement have been completed, and negotiations for a larger trade agreement will begin after July 9.
According to Jinshi Report, US Treasury Secretary Becent stated that the Federal Reserve will decide whether to cut interest rates.
According to Arkham monitoring, approximately 5 minutes ago, an address suspected to be from Abraxas Capital transferred 1,000 BTC to Kraken, valued at $108.23 million.
According to on-chain analyst AI Aunt (@ai_9684xtpa), whale 0x1f7...7a9b8 is cyclically longing ETH, accumulating 2,304.3 stETH worth $5.78 million in the past 2 hours through "buying stETH > depositing in Compound to borrow USDC > continue buying", with a cost of $2,510. Currently, he has collateralized 3,503.23 stETH and 10 WBTC to borrow 7.03 million USDC, with a health factor of 1.22.
Binance Alpha has launched Metaplex (MPLX). Users holding at least 140 Binance Alpha points can claim 400 MPLX token airdrops. First come, first served, until the airdrop pool is depleted or the event ends. Note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim within 24 hours on the Alpha event page, otherwise it will be considered forfeited.
According to Hong Kong Commercial Report, Circle, the issuer of the world's second-largest stablecoin USDC, was listed on the New York Stock Exchange on June 5 and has gained over 5 times in value in just over a month. China Everbright Holdings has been a Circle shareholder since 2016, and China Merchants Capital invested in Circle in 2018. Analysts suggest that the "iPhone moment" for stablecoins is visibly approaching investors, with the market generally believing stablecoins may reshape the global payment and financial landscape.
MicroStrategy Executive Chairman Michael Saylor again posted Bitcoin Tracker information on X platform, writing: "Sometimes you just need to HODL". According to previous patterns, Strategy always discloses Bitcoin accumulation information the day after related news is published.
According to Zhitong Finance, CITIC Securities research report indicates that US stock tokenization is centrally breaking out, with Bybit, Robinhood, and Kraken simultaneously announcing US stock tokenization services. XBIT's collaboration with xStocks may disrupt the industry with a "buy coins directly to US stocks" model without KYC, intensifying virtual asset trading service market competition.
According to Zhitong Finance, Lloyd's Bank believes that the Federal Reserve's June meeting minutes next week are expected not to change market expectations of maintaining interest rates in July, with rate adjustments more likely in September.
The Renmin University Financial Technology Research Institute wrote in an article "Stablecoin Rise: Catalyst of the New Digital Finance Era" that for emerging economies like China, stablecoin development brings three insights: first, pilot and accumulate experience in closed scenarios like cross-border e-commerce and offshore settlement; second, promote technology and compliance simultaneously, enhance reserve transparency and on-chain security, and facilitate interoperability between digital RMB and controllable stablecoins; third, actively participate in global governance mechanisms like BIS and IMF to jointly promote digital financial rules and secure more interests and discourse power for developing countries.
Virtual asset heat is spreading to A-shares, with multiple listed companies being inquired about stablecoin layouts.
According to 21st Century Economic Report, the virtual asset trading heat has spread from Hong Kong stocks to A-shares. Recently, many listed companies in Shanghai and Shenzhen stock markets have been frequently asked on interactive platforms whether they are deploying stablecoin business. Industry insiders believe that policy opening, efficiency increase, and strategic positioning jointly drive market optimism about stablecoin business. Especially the Hong Kong Stablecoin Regulation, which will officially take effect on August 1, is the first comprehensive regulatory framework for fiat stablecoins globally. Gan Tian, CEO of Huaxia Fund (Hong Kong), stated: "The stablecoin business is currently at a critical stage of transitioning from policy implementation to scenario pilot," and the Hong Kong Web3 ecosystem is ushering in new development opportunities, demonstrating strong growth momentum and promoting local ecosystem towards a sustainable direction.
