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ZEC $358.13 -10.59%

suspended

Changqiao Securities: From June 12, all new positions and additional trading of stocks and other varieties will be suspended in mainland China

Changqiao Securities issued a notice to implement the relevant industry supervision requirements during the two-year concentrated rectification period set by the China Securities Regulatory Commission, promoting the standardized development of cross-border securities business in mainland China. The following adjustments will be made to the services for existing investors' accounts in mainland China:Trading services in mainland China: New positions and additional purchases for all varieties, including stocks, are suspended; only sell and close positions operations are supported.Fund transfer services in mainland China: Fund transfers in are suspended, while transfers out remain normal, fully ensuring the safety of your funds.The above arrangements will take effect from June 12, 2026, Beijing time. This adjustment will not affect the services provided to existing investors outside mainland China, nor will it affect the safety of existing assets for all clients. Clients can normally check their accounts, holdings, and sell existing positions.On May 22, the China Securities Regulatory Commission announced that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited violated Chinese securities, fund, and futures laws and regulations, disrupted market order, and must be resolutely cracked down on. According to relevant regulations, the CSRC intends to decide to confiscate all illegal gains of Tiger, Futu, and Changqiao's relevant entities both domestically and abroad, and impose severe penalties according to the law.

Multiple CFTC officials who questioned the regulation of the prediction market have been suspended and forced to resign

According to Cointelegraph, an investigative report released by The New York Times on Sunday revealed that several senior officials from the CFTC, who had raised regulatory concerns about Polymarket, Crypto.com, and Gemini affiliates, were subsequently suspended, subjected to internal investigations, and forced to resign. The three companies mentioned have been accused of having business ties to the Trump family.The report stated that then-CFTC acting chair Caroline Pham and her senior advisors intervened to assist the aforementioned companies in obtaining the necessary approvals. By the end of 2025, five officials who questioned or enforced cryptocurrency regulatory laws were placed on administrative leave and internal investigation, without being informed of the specific reasons. After leaving, Pham joined the cryptocurrency company MoonPay, which has a partnership with Polymarket, while her senior advisor Brigitte Weyls became the legal counsel for Gemini Titan—whose application was approved with her involvement.On the enforcement front, the CFTC has withdrawn at least five cryptocurrency investigations, with the number of enforcement actions plummeting from over 80 during the Biden administration to just two during Trump's term. In response, a White House spokesperson denied any conflict of interest, stating that "President Trump only acts in the best interest of the American public."

Verus: The network has been suspended, and if the attacker returns the funds, a bounty for the vulnerability will be offered

Verus posted on the X platform confirming that the Verus-Ethereum cross-chain bridge has been attacked, with ETH, USDC, and tBTC stolen from the Ethereum chain contracts. Currently, other bridged assets have not been affected. The Verus network has now suspended operations, and most block-producing nodes have proactively gone offline after experiencing the impact of the attack. The development team is working hard to investigate the scope of the incident, the attack path, and subsequent handling plans, and will announce progress after confirming more information.Verus stated that it is willing to cooperate with relevant law enforcement agencies to pursue legal responsibility; however, if the attacker returns the full amount of funds, the project team is willing to offer a bug bounty and will not pursue further accountability. Verus also reminds anyone claiming to be a member of the Verus team or community in public channels, private messages, or other channels and offering "compensation" or "reimbursement plans" to be scammers. The official emphasizes not to interact with anyone claiming to have compensation projects or offering reimbursement, and to report relevant accounts to Discord or the X platform in a timely manner.Previously, the Verus Ethereum cross-chain bridge was attacked, resulting in a loss of approximately $11.58 million.
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