Odaily Planet Daily reports that the Federal Court of Australia has ordered Binance Australia's derivatives division, Oztures Trading Pty Ltd, to pay a fine of A$10 million (approximately US$6.9 million). Between July 2022 and April 2023, the entity misclassified over 85% of its local clients as wholesale investors, resulting in 524 retail clients being exposed to high-risk crypto derivatives without statutory consumer protections, causing trading losses of approximately A$8.66 million (approximately US$5.9 million) and fee losses of A$3.9 million (approximately US$2.7 million). Joe Longo, Chairman of the Australian Securities and Investments Commission (ASIC), stated that Binance failed to establish a basic compliance review mechanism and incorrectly approved hundreds of wholesale investor applications. According to the statement of facts submitted to the court, Binance admitted to deficiencies in its client onboarding process, allowing applicants to repeatedly take eligibility tests until they passed, and insufficient review of application materials by senior compliance personnel. Binance admitted to six violations, including failing to provide product disclosure statements to retail clients, failing to conduct target market assessments, and failing to maintain a compliant internal dispute resolution system. This fine is separate from the approximately A$13.1 million (approximately US$9 million) in customer compensation previously overseen by ASIC. The entity's Australian financial services license was cancelled in April 2023.

In the past hour, total liquidations across the network reached $57.96 million, with $55.95 million from long positions, with $2.01 million from short positions. BTC liquidation $20.22 million, ETH liquidation $22.77 million.

According to Forbes, Trust Wallet recently officially released the Trust Wallet Agent Kit (TWAK), enabling its AI Agent to perform on-chain operations across Ethereum-compatible chains and 25 mainstream public chains, including Solana, Bitcoin, TON, and Tron, within user-defined rules. These operations cover token swaps, DCA (Distributed Direct Investment Assist), limit orders, and portfolio management. TWAK offers two modes: one is to equip the AI with an independent wallet, running fully automatically according to preset strategies; the other is to connect to the user's existing wallet, where the AI provides transaction suggestions, and the user confirms each transaction. In an interview with Forbes, Trust Wallet's new CEO, Felix Fan, stated, "The agent economy will arrive sooner than anyone expects." He emphasized that TWAK's goal is to "abstract complexity and provide users with a results-oriented, intuitive experience—users simply express their intentions, and AI handles the execution details." In the future, Trust Wallet plans to deeply integrate AI functionality into the wallet itself, launching personalized alerts, automated strategies, and trading suggestions. It will also launch an agent strategy marketplace, allowing developers to publish reusable trading bots for users to discover and deploy directly within the app. Felix stated that Trust Wallet's long-term goal is to become the default execution layer for AI agents interacting with the crypto world. He also pointed out that those with higher risk tolerance will be the first to participate, and Trust Wallet will simultaneously strengthen risk education.

Odaily Planet Daily reports that GLM-5.1 is now available to all GLM Coding Plan users (Lite/Pro/Max). (Zhipu)

According to Odaily Planet Daily, as monitored by on-chain analyst Yu Jin, 10 minutes ago, a long-time Bitcoin whale (bc1qlf...g6ym) transferred 500 BTC to Binance for sale, worth $33.28 million. This whale accumulated 5,000 BTC in November 2013 at a price of $332 and began selling them in November 2024. Currently, it has transferred a total of 4,000 BTC to Binance, with an average price of approximately $91,258, realizing a profit of $363 million. The address currently still holds 1,000 BTC, worth $66.62 million.