ChainCatcher news, the Vietnamese police have arrested a gang suspected of orchestrating the cryptocurrency scam "Matrix Chain," which has defrauded investors of nearly 400 million dollars.The alleged pyramid scheme fraud group established a multi-level system across three regions in Vietnam, misleading investors into believing that they could download the Matrix Chain software for a symbolic fee of just 1 USDT. The funds were ultimately embezzled by the gang, which has over 185,000 registered accounts, with 394.2 million USDT deposited and transferred through cryptocurrency wallets. Four men and one woman (born between 1980 and 1991) have been detained, and the police are searching their residences and workplaces.

ChainCatcher news, according to The Block, the TON Foundation has hired former Visa cryptocurrency executive Nikola Plecas as its Vice President of Payments, responsible for overseeing its global payment strategy, including managing partnerships for TON and Telegram-based applications as well as the foundation's compliance strategy.Plecas previously held several executive positions focused on cryptocurrency at the large payment company Visa, including Head of Cryptocurrency Business for Europe and Senior Director managing the commercialization of Visa Crypto's new products.

ChainCatcher message, Upbit announced that due to the Zilliqa (ZIL) network upgrade, the deposit and withdrawal services for Zilliqa will be suspended from June 2, 2025, at 11:00 (KST) until the stability of the network upgrade is confirmed. During the suspension, the deposit and withdrawal processes will be temporarily halted, but trading will not be affected. The recovery time will be announced separately.

ChainCatcher news, according to HyperInsight monitoring, whale James Wynn has increased his 40x Bitcoin long position again in the last 30 minutes, with the current position size rising to 600 million USD:Opening price: 109,669 USDLiquidation price: 107,200 USDUnrealized loss: 5.32 million USDPreviously reported, 2 hours ago James Wynn sold 240 billion PEPE to obtain 3.32 million USD to increase margin.

ChainCatcher news, according to on-chain data, whale James Wynn has increased his Bitcoin long position again within the last 20 minutes, and the current position size has risen to 522.47 million USD:Opening price: 109,782.3 USDLiquidation price: 107,420 USDUnrealized loss: 3.67 million USD

ChainCatcher news, according to EmberCN monitoring, a certain whale or institution has recently spent $23 million using 4 addresses to increase their holdings of 8,846.5 ETH at an average price of $2,600.This whale or institution currently holds a total of 133,600 ETH, worth approximately $357.83 million, and the funds used for the recent ETH purchase were borrowed through collateralizing ETH on Aave, indicating that they are using leverage to increase their holdings.

ChainCatcher news, according to Bloomberg, payment processing company Worldpay will allow customers in the U.S. and Europe to make payments using Circle Internet Financial's USDC stablecoin. Worldpay was acquired by Global Payments Inc. earlier this year and processed nearly $2.5 trillion in payments last year.

ChainCatcher news, according to FinanceFeeds, Digital Asset has appointed Jonathan Isaac as Chief Marketing Officer, responsible for enhancing the global visibility of the Canton Network blockchain platform.Isaac previously served as CMO of CoinMarketCap, successfully leading the global rebranding of the cryptocurrency information platform, and has held the position of marketing director at Gemini. He has over 20 years of experience in brand transformation and product marketing, having worked for global brands such as Sony and Coca-Cola.

ChainCatcher news, according to Lookonchain (@lookonchain) monitoring, trader James Wynn continues to increase his Bitcoin long position, currently holding 5,676 BTC (worth approximately $622.6 million), with a liquidation price of $108,010. A mere 1.53% drop in Bitcoin price will trigger liquidation.

ChainCatcher news, according to CoinTelegraph, analysts say that during the recent market pressure that caused Bitcoin's price to drop below $109,000, long-term holders have been accumulating Bitcoin.CryptoQuant analyst Amr Taha pointed out on May 26 that over-leveraged short-term traders were liquidated, while long-term holders quietly profited during the market reset. As short-term traders faced margin calls and forced sell-offs, long-term holders increased their accumulation, resulting in the realized market value of long-term holders soaring to over $28 billion, a level not seen since April.

ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, trader James Wynn has reduced his BTC long position to 365 million USD, with a reduction of 2406 BTC resulting in a loss of 5.257 million USD.Long position: 3375.11576 BTC, approximately 365 million USD;Opening price: 110084.9 USD;Liquidation price: 105960 USD;Current profit and loss: -6.38 million USD.

ChainCatcher news, according to on-chain analyst @ ai _ 9684xtpa, James Wynn urgently closed positions after the BTC price fell to a dangerous level, selling 1,445.5 BTC and 157 million kPEPE, resulting in a loss of approximately 4.43 million USD, thereby reducing the liquidation price from 107,610 USD to 107,390 USD. Currently, his remaining long position is 5,782 BTC, with an opening price of 110,084.9 USD, showing an unrealized loss of 20.38 million USD.

ChainCatcher message, according to @ai_9684xtpa monitoring, the whale James Wynn urgently closed positions, liquidating 1,445.5 BTC and 156,891,749 kPEPE, with a loss of 4.43 million dollars, bringing the liquidation price down to 107,390 dollars.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, whale James Wynn has currently opened a long position worth $175 million in BTC and a long position worth $19.71 million in PEPE on Hyperliquid.Long 1,594 BTC with 40x leverage, position value $175 million. Opening price $109,813, liquidation price $105,734.Long 14 trillion PEPE with 10x leverage, position value $19.71 million. Opening price $0.0000141, liquidation price $0.0000093.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the whale James Wynn has currently opened a position of 175 million USD in BTC long and 19.71 million USD in PEPE long on Hyperliquid.40x leverage long 1,594 BTC, position value 175 million USD. Opening price 109,813 USD, liquidation price 105,734 USD.10x leverage long 14 trillion PEPE, position value 19.71 million USD. Opening price 0.0000141 USD, liquidation price 0.0000093 USD.

ChainCatcher news, Musk confirmed that his platform X will launch the "X Money" service, covering payment and banking functions, and further expanding towards the direction of a "super app." Musk stated that the service will start with a very limited Beta testing phase, emphasizing the need for extreme caution when it comes to user savings.

ChainCatcher news, according to CoinDesk, 10x Research is bullish on the put options for Strategy (MSTR), as the stock price of this Nasdaq-listed Bitcoin holding company has diverged from the rising Bitcoin price.In a report sent to clients, 10x Research recommended a put spread strategy for MSTR, which involves buying a put option with a strike price of $370 while selling a put option with a strike price of $300, both expiring on June 27."This trade reflects the growing disconnect between Bitcoin's strong performance and the weakening momentum and volatility of MicroStrategy," explained Markus Thielen, founder of 10x Research, when discussing the put spread strategy. "Despite Bitcoin reaching an all-time high, MSTR's stock price remains well below its peak, indicating that investor enthusiasm is waning."

ChainCatcher news, according to the official announcement, Binance will open trading bot services for the KMNO/USDC and NEIRO/USDC trading pairs.

ChainCatcher news, CryptoQuant analyst Axel Adler Jr stated that the unrealized profit rate for short-term holders who have held their coins for 1-3 months is 27%. Over the past 4 years, when this metric exceeds 40%, this group of holders tends to start selling, creating downward pressure on prices.At the current daily growth rate of approximately 0.818 percentage points, this metric is expected to reach the critical value of 40% in 16 days (June 11), at which point the Bitcoin price is expected to reach around $162,000.Axel Adler Jr noted that this prediction is based on linear extrapolation and does not account for potential "black swan" events or sudden factors.

ChainCatcher news, according to foreign media reports, OpenAI has established a legal entity in South Korea, seeking to further promote the adoption of its artificial intelligence technology.The ChatGPT manufacturer stated in a press release on Monday that it plans to open an office in Seoul in the coming months and is hiring employees to support collaboration with businesses and policymakers. OpenAI's data shows that South Korea has the highest number of paid ChatGPT users outside the United States. This will be OpenAI's third office in Asia, following Japan and Singapore.The San Francisco-based company stated that it currently has nearly 40 employees in Japan and another 20 employees in Singapore.