According to OKX market data, BTC has fallen below 77,000 USDT and is currently trading at 76,981.1 USDT, a 24-hour drop of 1.11%.

Odaily Planet Daily reports that the U.S. Attorney's Office for the Southern District of New York has filed a civil forfeiture lawsuit. The complaint alleges that the funds originated from Iranian sales of crude oil and petroleum products to circumvent sanctions and were used to support the Iranian government, military, and Islamic Revolutionary Guard Corps. The complaint claims that Iran laundered over $1.5 billion in oil sales proceeds through cryptocurrency participants in Asian countries and elsewhere. Blessed Trust and Hexa Whale are accused of handling funds through related trading accounts and transferring them to the Iranian government, agents, or related entities; both companies also provided cryptocurrency-fiat currency deposit and withdrawal services to clients and allegedly used the U.S. financial system to receive and transfer tens of millions of dollars. Deputy Attorney General Sean S. Buckley of the U.S. Department of Justice stated that the funds could have been used to support military operations and terrorist activities against the United States and its allies. The complaint also alleges that Tether will destroy the cryptocurrency tokens in the addresses in question, issue equivalent replacement tokens, and transfer them to wallets controlled by the U.S. government.

In the past hour, total liquidations across the network reached $10.11 million, with $9.78 million from long positions, with $330,718.11 from short positions. BTC liquidation $4.25 million, ETH liquidation $1.52 million.

According to Odaily Planet Daily, Johann Kerbrat, head of Robinhood's crypto division, stated in a post on the X platform that all Robinhood stock tokens are backed 1:1 by securely held real-world stock, with real-world shares of the corresponding company being purchased simultaneously during token minting. These stock tokens offer economic benefits equivalent to dividends and company action returns, with the returns reinvested in the holdings. Kerbrat noted that physical redemption and voting rights are not yet available, but Robinhood is working on enabling eligible stock token holders to redeem shares and vote 1:1. These tokens are composable, allowing developers to build new products based on them. Furthermore, he emphasized that the stock tokens are not available to US users and are restricted in other jurisdictions such as Canada, the UK, and Switzerland.

Odaily Planet Daily reports that Monad co-founder Keone Hon posted on X that 0x published an interesting and crucial article this morning, exploring a new phenomenon that initially appeared in PropAMM (Proprietary AMM) and is now spreading to Uniswap v4 Hooks. In short, malicious market makers switch back and forth between "extremely narrow quotes" and "extremely wide quotes." They use extremely narrow quotes to attract aggregators to select the trading venue; however, once the user's trade is actually routed, the quote immediately becomes extremely wide. Slippage settings (i.e., limit price protection) can protect some users—causing the trade to fail directly—but many users set their slippage tolerance too high, and these users suffer extremely brutal "exploitation"—the article points out that some hooks maliciously switch back and forth between 0% and 18% fees. A few months ago, Solana also published a very insightful article analyzing a similar phenomenon occurring on the Solana aggregator, although its fee cap was around 1%, not 18%. A few days later, they quietly removed the article. The vision of an open system is to eliminate intermediaries and hidden fees. "Aggregator spoofing" constitutes a huge hidden tax burden, and this problem can only be truly solved through fully-on-chain order routing. Conversely, on-chain routing requires ample computing power and flexible account access mechanisms, necessitating both a high-performance and efficient EVM and a well-designed on-chain routing protocol. Earlier this morning, 0x published an article stating that the number of malicious Uniswap v4 Hooks has increased significantly recently. Some Hooks offer attractive prices during the price inquiry phase but change the execution price during actual settlement, thereby stealing funds from users through aggregators, wallets, and trading applications.