Federal prosecutors in Washington D.C. have charged 13 men in connection with a widespread conspiracy involving the theft of Crypto Assets, with a total value of over $265 million being stolen. One of the defendants, Singaporean Malone Lam, is accused of lavishly spending these assets after stealing them from victims, including purchasing luxury cars, nightclubs, real estate, and watches.

Gate News bot news, according to Gate market data, the BTC_USDT price has broken through 104000 USDT, currently at 104001.4 USDT. The 24-hour increase is 0.25%.

On May 16, Jin10 reported that Tianfeng Securities' research report stated that with continuous policy dividends, securities firms are expected to ride the wave. It is recommended to follow leading securities firms with a high proportion of brokerage + margin financing business and good investment strategies and risk control in their proprietary business. At the same time, it is suggested to pay attention to internet securities firms with greater flexibility.

Japan's first quarter GDP annualized quarterly rate preliminary value recorded at -0.7%, indicating the economy has contracted for the first time, with a decline in exports and an increase in imports dragging down net trade. Consumption remains below pre-pandemic levels. This may trigger political debates over tax cuts or cash subsidies.

According to a report by Jinse Finance and monitoring data from Farside Investors, yesterday ARKB had a net outflow of $132 million, and GBTC had a net outflow of $39.1 million.

Yingxi Group plans to acquire $800 million worth of Crypto Assets and is negotiating with holders of cryptocurrencies such as Bitcoin and Trump-themed Meme coins, but has not yet reached a final agreement. The company will raise funds through a stock issuance, with the counterpart holding 8000 BTC. Yingxi Group aims to promote its Blockchain strategy by incorporating Crypto Assets into a long-term holding plan, even though its core business remains garment manufacturing and logistics services.

BlackRock's $3 billion tokenized treasury bond fund BUIDL collaborates with the Euler protocol on Avalanche to expand DeFi applications on-chain through the sToken framework. Users can collateralize sBUIDL on Euler to borrow USDC or AUSD, earning AVAX rewards and fund returns. BUIDL is the largest treasury bond fund in the world, holding $3 billion in short-term treasury bonds.

① To be determined: Hang Seng Index Company announces the results of the Hang Seng Index series review. ② 13:30: France's ILO unemployment rate for the first quarter. ③ 17:00: Eurozone adjusted trade balance for March. ④ 20:30: U.S. total housing starts for April (annualized). ⑤ 20:30: U.S. total building permits for April. ⑥ 20:30: U.S. import price index month-on-month for April. ⑦ 22:00: U.S. May one-year inflation rate expectation preliminary value. ⑧ 22:00: U.S. May University of Michigan consumer confidence index preliminary value. ⑨ Next day 01:00: U.S. total oil rigs as of the week ending May 16.

Ethereum co-founder Anthony Di Iorio stated at the Consensus 2025 conference that Ethereum is not competing with Bitcoin, but rather providing an alternative. He believes that Ethereum has the potential to surpass Bitcoin in market capitalization due to its use cases and the value it creates.

Golden Ten Data on May 16, recently, in the context of the continued decline in gold prices, gold ETF trading has been active again, and the capital data shows that it may be mainly sold. In the stock market, as the Shanghai Composite Index rose above 3,300 points, there have been obvious signs of "withdrawal" of funds recently. In the first three trading days of this week, the total net outflow of A-share ETFs exceeded 15 billion yuan, and the mainstream broad-based index ETFs were dominated by net outflows, and ETFs with large short-term gains were also "profit-taking". Fund insiders believe that short-term allocation can capture structural opportunities, focusing on the Internet technology sector and the overseas sector with outstanding competitive advantages.

According to Gate.io News bot, TheBlock reports that BlackRock's nearly $3 billion sBUIDL tokenization government bond fund has completed its first direct DeFi integration with the Euler protocol on the Avalanche network. This integration is based on the sToken framework developed by Securitize and implemented by Re7 Labs. Through this integration, sBUIDL Token gains on-chain collateral and lending functionalities. Users can borrow USDC or AUSD and earn AVAX rewards while using sBUIDL as collateral, and simultaneously receive the basic yield from the BUIDL fund.

Gate.io News bot message, the U.S. Department of Justice has brought RICO conspiracy charges against 12 defendants, involving theft of Crypto Assets, Money Laundering, and burglary, with a total amount of 263 million dollars. Investigations show that criminal gangs hack into Crypto Assets databases and conduct phone scams posing as bank or exchange staff. They convert the proceeds from the scams into cash or luxury goods through Money Laundering networks. The main suspect Malone Lam defrauded over 4,100 coins in the case, continuing criminal activities through accomplices even after being arrested. Source: Wu says

According to Gate.io News bot, Decrypt reported that the U.S. Department of Justice's legal proceedings against Tornado Cash co-founder Roman Storm are still ongoing. The Department of Justice maintains charges against Storm for conspiracy to commit Money Laundering, evading sanctions, and transmitting criminal proceeds, but has dropped some charges related to unlicensed fund transfers. In the previous lawsuit, Storm defended its development of Tornado Cash on the grounds of the First Amendment, but the court ruled that using code to implement Money Laundering is not protected by freedom of speech.

Golden Finance reported that the yield on the US 10-year Treasury bond fell 10 basis points to 4.44%.

According to ChainCatcher news and a report by CoinDesk, the decentralized trading platform infrastructure company 0x announced the acquisition of its competitor Flood. This acquisition marks 0x's first acquisition since its establishment in 2017. A spokesperson for 0x declined to disclose the specific amount of the acquisition of Flood due to contractual obligations.

On May 15, local time, JPMorgan Chase CEO Jamie Dimon said that a recession is still possible as the impact of tariffs continues to impact the global economy. Dimon said in an interview on the same day that he hopes to avoid this, but he will not rule it out at the moment. If a recession does occur, there is no telling how severe it will be or how long it will last. According to the report, the Trump administration's tariff policy has shaken the market for more than a month. Dimon said some clients are holding off on investing due to excessive market volatility.

Golden Finance reports that Spot gold stands at $3230 per ounce, rising 1.63% for the day.

Federal Reserve official Barr stated that the U.S. economy is solid, but warned that tariffs could lead to an economic slowdown and rising inflation. He emphasized the importance of small businesses in the Supply Chain, pointing out that trade policies increase uncertainty. Small businesses face a lack of credit opportunities, and the disruption in their Supply Chain is particularly severe, potentially disrupting the overall economy.

On May 16, the US dollar index fell by 0.16%, closing at 100.878. The euro and the pound were flat or rose slightly against the dollar, while the yen, Swiss franc, Canadian dollar, and Swedish krona all fell against the dollar.

Bitcoin's price shows a golden cross signal with the 50-day moving average crossing above the 100-day moving average, suggesting that the short-term trend outweighs the long-term trend, potentially leading to a major bull run. Technical indicators show support for a pump, but on-chain data indicates that market participants are cautious, and the price may pullback to the $98,000 support level.

Golden Finance reported that Federal Reserve's Barr did not comment on the interest rate outlook in prepared remarks. Barr stated that the foundation of the U.S. economy is solid, and inflation is expected to decline to 2%, but uncertainty in trade policy is affecting the outlook. Trade shocks could have particularly severe impacts on small businesses and trigger price rises in cases where the supply chain is affected or businesses shut down.

Golden Finance reports that Federal Reserve's Barr: The foundation of the U.S. economy is solid, and the inflation rate is expected to drop to 2%, but the uncertainty of trade policy has affected the outlook. Trade shocks could have particularly severe impacts on small businesses and trigger price rises in the event of supply chain disruptions or business closures.

According to the Gate News bot, the Gate market shows that the BTC_USDT price has fallen below 103000 USDT, currently priced at 102995.5 USDT. The 24-hour fall is 0.37%.

Gate.io News bot message, encryption journalist Eleanor Terrett reports that the GENIUS Act amendment draft sets new regulations for stablecoin issuance. The draft stipulates that stablecoin issuers cannot claim their products are insured by the FDIC or backed by the credit of the U.S. government, and it also prohibits the use of names that contain terms like "United States" or "USG." The draft also establishes additional provisions for large technology companies such as Meta, Amazon, Google, and Microsoft, requiring these institutions to meet specific standards for financial risk control, data privacy protection, and fair business practices when issuing stablecoins. Source: Wu Shuo

Jin10 data, May 16 news: As of the closing at 2:30, the Shanghai gold market maker contract rose by 1.22%, reporting 754 yuan/gram, the Shanghai silver market maker contract rose by 1.02%, reporting 8134 yuan/k, and the SC crude oil market maker contract fell by 3.53%, reporting 462 yuan/barrel.

Jin10 Data reported on May 16 that air raid sirens sounded in multiple locations including Tel Aviv and Jerusalem on the evening of the 15th local time. The Israel Defense Forces subsequently stated that a missile was detected being launched from Yemen towards Israel.

The Chairman of the Federal Reserve, Jerome Powell, stated that the Federal Reserve is adjusting its policy-making framework in response to the inflation and interest rate changes following the COVID-19 pandemic. The current framework may no longer be suitable due to the changes in real interest rates caused by the pandemic. The review process will consider the impact of economic changes on policy, but it is unlikely to alter the current method of setting interest rates.

According to Gate.io News bot, there is a latest development in the SEC vs Ripple Labs lawsuit. Judge Analisa Torres has rejected the requests for a dispositive ruling submitted by both parties. Judge Torres pointed out that the request made by both parties under the name of "settlement approval" essentially attempts to revoke certain injunctions and penalty provisions in the final judgment. The court ruled that the request should be governed by Federal Civil Procedure Rule 60, rather than Rule 62.1. Since the request failed to meet the relevant requirements of Rule 60, the court ultimately made a dismissal decision.

Jin10 data reported on May 16, local time on the 15th, that the Libyan National Unity Government stated that the violent clashes between opposing factions lasting for two days resulted in at least 6 deaths, and the security situation in the capital, Tripoli, has stabilized. The Ministry of Interior of the Libyan National Unity Government issued a statement on social media saying that the security situation in Tripoli is stable and controllable, and the security departments are efficiently fulfilling their responsibilities to maintain social order. Police stations across the city operate 24 hours a day to handle reports and complaints, and the Ministry of Interior calls on public officials and residents to resume normal life.

The stablecoin wcgUSD under Cygnus has officially integrated the DeFi interest rate derivative protocol Pendle. Users can deposit wcgUSD through the Keep YT model to simultaneously earn basic yields, Pendle rewards, and Cygnus points. This collaboration aims to enhance capital efficiency, optimize liquidity allocation, and plans for deeper integration in the future. The current integration plan has been launched on the Base chain, and users can directly participate in the Pendle trading market.

Iran's Foreign Minister Zarif stated that the United States has contradictory positions in the negotiations regarding Iran's nuclear issues, which may be related to a lack of centralized decision-making structure or specific negotiation style. Iran insists on fundamental principles, emphasizing the rights of the people in the negotiations, particularly highlighting that uranium enrichment facilities will continue to exist and cannot be deprived.

Gate News bot message, according to Gate market display, the ETH_USDT price has broken through 2600 USDT, with the current price at 2602.2 USDT. The 24-hour rise is 1.72%.

According to the Gate News bot, the latest market data from Gate shows that NXPC has pumped 1294.10% in the last 24 hours, currently priced at 2.7882 USDT.

Jin10 reported on May 16 that on May 15 local time, Russian President Putin issued a presidential decree relieving Oleg Salyukov from his position as the Commander-in-Chief of the Russian Ground Forces and appointing him as the Deputy Secretary of the Security Council of the Russian Federation.

Gate News bot news, according to the latest market data from Gate, NXPC has pumped 1287.80% in the last 24 hours, currently priced at 2.7756 USDT.

Gate News bot news, according to Gate market data, BTC_USDT price has broken through 104000 USDT, current price is 104089.2 USDT. 24-hour increase of 1.02%.

Jin10 reported on May 16 that an advisor to the Ukrainian president stated that the Ukrainian negotiation delegation should arrive in Istanbul, Turkey, on the evening of May 15 local time. According to sources, the Russia-Ukraine Istanbul negotiations will begin today (May 16).

Jin10 data reported on May 16, local time on the 15th, Ukrainian President Zelensky concluded his visit to Turkey and headed to Albania. Zelensky had previously stated that he would travel to Albania on the 16th with Turkish President Erdogan to attend the European Political Community Summit. According to Reuters, flight tracking data shows that Zelensky's flight has departed from Ankara, Turkey. The Ukrainian News Agency reported that the presidential plane is expected to arrive in the capital of Albania at 21:25 local time.

BlockBeats news, on May 16, the United States hopes to discuss agricultural and economic security issues in EU trade negotiations. (Jin10)

Jin10 Data, May 16 - On the 15th local time, Bassem Naeem, a senior official of the Palestinian Islamic Resistance Movement (Hamas), stated to the media that Hamas is in direct talks with the United States to reach a protocol to end the Gaza conflict. Naeem called for the exchange of detainees, the withdrawal of Israeli troops from Gaza, the allowance of aid supplies into Gaza, and the reconstruction of Gaza without forced migration. Naeem also stated that if a permanent ceasefire is achieved, Hamas could hand over control of the Gaza Strip.

Gate.io News bot message, The Wall Street Journal reported that Federal Reserve Chairman Jerome Powell made an important announcement at the Thomas Laubach research conference. Powell announced that the Federal Reserve is reviewing its Interest Rate-setting framework, with results planned to be announced to the public in August or September of this year. This review stems from significant changes in inflation and Intrerest Rate since 2020. Powell pointed out in the meeting that the average inflation target strategy adopted in 2020 failed to address the post-pandemic surge in inflation. The Federal Reserve (FED) aims to adjust its framework to address future supply shocks while maintaining the 2% inflation target.

The US-listed company Addentax Group Corp (NASDAQ: ATXG) plans to acquire 8000 Bitcoins and other crypto assets, such as the TRUMP Token, for $800 million. This initiative aims to support its long-term investment strategy in crypto assets, strengthen its balance sheet, and attract new shareholders with experience and expertise.

According to the Gate.io News bot and a report by CoinDesk, the DEX aggregation protocol 0x announced the acquisition of its competitor Flood. This marks 0x's first acquisition since its establishment in 2017. Through this acquisition, 0x will integrate the technologies of both parties to provide more competitive trading prices on the Ethereum and Solana blockchains. Notably, the acquired company Flood completed a $5.2 million seed round financing in February 2024.

Jin10 data reported on May 16 that on May 15 local time, JPMorgan Chase CEO Jamie Dimon stated that as the impact of tariffs continues to hit the global economy, a recession remains a possibility. During an interview that day, Dimon expressed hope to avoid such a scenario but did not rule out the possibility. If a recession does occur, it is uncertain how severe it would be or how long it would last. Reports indicate that the tariff policies of the Trump administration have caused market fluctuations for more than a month. Dimon noted that due to excessive market volatility, some clients are delaying their investments.

According to ChainCatcher news, the proposal for the temperature check of PEPE as a supported asset on the Aave platform has passed with a support rate of 76.76% in the AAVE community governance. The proposal suggests introducing PEPE as collateral in the isolated market of Aave V3, aiming to expand the user base, promote the growth of the GHO stablecoin, and enhance protocol liquidation revenue. Subsequently, risk parameters will be set by risk service providers and will enter the ARFC and AIP processes.

BlockBeats news, on May 16, the Spot gold rise has expanded, standing at 3220 USD/ounce, up 1.32% for the day. (Jin10)

On May 16, Jin10 reported that U.S. President Donald Trump reiterated his desire to "take over" the Gaza Strip on May 15 local time. During a business roundtable meeting held in Qatar, Trump stated that the U.S. would "turn the Gaza Strip into a free zone" and argued that there is "nothing left to save" on this Palestinian territory.

According to BlockBeats news on May 15th, as reported by Chainwire, the DeFi strategy platform XSY.fi has completed a $5 million Pre-Series A funding round, led by Protagonist and Borderless Capital, with participation from strategic investors such as Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, and Sonic Boom Ventures. It announced today the launch of the digital synthetic dollar Unity on the Avalanche chain.

① Pending Hang Seng Index Company announces the results of the Hang Seng Index series review ② 13:30 France Q1 ILO unemployment rate ③ 17:00 Eurozone March seasonally adjusted trade balance ④ 20:30 US April new residential construction annualized ⑤ 20:30 US April building permits total ⑥ 20:30 US April import price index month-on-month ⑦ 22:00 US May one-year inflation rate expectation preliminary value ⑧ 22:00 US May University of Michigan consumer confidence index preliminary value ⑨ Next day 01:00 US total oil drilling rigs as of May 16