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16:17
Genko Shipping & Trading Co. accused its peer Diana Shipping Company of issuing an "unfounded" stock price target, claiming its true intention is to depress Genko Shipping & Trading's stock price.
This move has drawn market attention to the competitive dynamics within the industry. According to Genke, Diana Shipping’s actions may be intended to create market panic, thereby generating improper trading opportunities for itself or related parties. Currently, neither company has made further comment on the matter. The market is closely watching the development of the situation and its potential impact on share prices.
16:14
An exchange Discloses On-Chain Forensic Assistance to UK Police in Solving Kidnapping Robbery Case, Leading to Convictions of 5 Individuals
BlockBeats News, May 19th, an exchange released a case study stating that its global intelligence team assisted UK law enforcement in investigating a cryptocurrency-related kidnapping and robbery case, tracked the fund flow through on-chain analysis, and ultimately led to the conviction of 5 suspects. The report revealed that the case took place in the Shoreditch area of London, where a victim was kidnapped and forced to access multiple financial accounts, including an exchange account, as the criminals attempted to transfer the victim's cryptocurrency assets. Upon detecting the suspicious activity and a "potential extortion transaction," an exchange's risk management system immediately raised an and ed UK authorities. During the subsequent investigation, an exchange collaborated with law enforcement to trace the on-chain fund flow and conduct address clustering analysis, helping to identify the suspects and providing technical evidence support during the trial at the Royal Court of St. Albans. The case resulted in 4 convictions for kidnapping and robbery charges and 1 conviction for money laundering. An exchange stated that this case exemplifies the traceability of blockchain transactions and highlights the value of on-chain transparency in anti-crime efforts and law enforcement cooperation.
16:12
DeFi TVL has dropped by more than 50% from its October peak of $170 billion last year.
According to Odaily, Cointelegraph posted on X that, according to DefiLlama data, the total value locked (TVL) in DeFi has fallen by more than 50% compared to the peak of $170 billion reached in October last year.
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