Hackers use the prediction market comment section to commit fraud, resulting in losses exceeding $500,000. They post scam links by purchasing "Yes" and "No" comments, disguising themselves as a Cloudflare window for verification, ultimately downloading and executing malicious scripts to steal data and funds.

Editor | Wu Talks Blockchain
The content of this article comes from two discussions at the Finternet 2025 Asia Digital Finance Summit. The first part discusses "The Evolution of Digital Asset Regulation from Hong Kong to the Middle East," hosted by Rocky Tung, Director and Head of Policy Research of the Hong Kong Financial Development Council. The guests include Elizabeth Wong, Director of Intermediaries and Head of Fintech of the Securities and Futures Commission of Hong Kong, and Wai Lum Kwok, Senior Executive Director of the Financial Services Regulatory Authority of the Abu Dhabi Global Market. The second part discusses "Breakthroughs, Innovations, and Safeguards in Hong Kong," hosted by Gary Tiu, Executive Director and Head of Regulatory Affairs of OSL Group, with Eric Yip, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, as a guest.
Finternet

Author ｜ Lawyer Shao Shiwei
In cases of operating a casino, particularly those involving internet platforms (such as gaming apps, virtual currency exchanges, blockchain gaming platforms, etc.) accused of gambling, it is common to see the situation where the platform is identified as involved in gambling, leading to employees being investigated.

But will employees necessarily be found guilty? Of course not.

Whether criminal liability will be pursued still returns to a core issue - the employee's job responsibilities and level of involvement.

However, in judicial practice, case handlers often do not understand the internal job division of Internet companies.

For example: UI/UX designers, testing engineers, operations and maintenance personnel, API integration personnel, SDK developers, front-end and back-end development engineers, the responsibilities of these positions vary greatly.

However, in specific cases, the case handlers may uniformly view platform employees as "providing technical support for gambling websites."

In the next 7 days, there will be multiple large unlocks of encryption assets, including single large unlocks (over 5 million dollars) such as APT and LINEA, while linear large unlocks (over 1 million dollars in a single day) include SOL and TRUMP, with a total unlock value exceeding 476 million dollars.

Stream xUSD is a stablecoin that claims to use a delta-neutral strategy, but due to a lack of transparency and risk management of off-chain trading strategies, it is now insolvent, resulting in significant losses for users. This has triggered a crisis of confidence in the DeFi lending market, and experts are calling for increased risk awareness and transparency to prevent similar incidents from happening again.

Author: Chilla
Compiled by: Block unicorn
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Introduction
There is a principle of mental accounting in behavioral economics. People's attitudes towards money can vary depending on where it is stored. One hundred dollars in a checking account feels freely disposable, while one hundred dollars in a retirement account feels untouchable. Although money itself is interchangeable, its storage location can affect your perception of it.
Frax founder Sam Kazemian refers to this as the "Net Worth Theory." People tend to put their spare change where most of their wealth already exists.

deUSD has experienced a big dump of 95% within two days, now trading at around 0.05 USD, making it one of the fastest dying stablecoins. Due to collateral losses and panic selling from Stream Finance, the supporting assets of deUSD have nearly evaporated, leading to a suspension of redemptions. The project will cease operations, and Nansen believes that the concentration risk of assets is significant.

The stablecoin project Elixir has completed about 80% of deUSD holder redemptions in the past 48 hours, with Stream holding about 90% of the deUSD supply. Elixir will launch the USDC redemption page and has closed the minting and redemption functions, planning to terminate the deUSD project.