News

Multicoin Capital co-founder Tushar Jain stated that since February, Multicoin has significantly increased its position in ZEC and believes that demand for assets with privacy, censorship resistance, and anti-seizure properties is rising rapidly. ZEC is the purest asset in the public market that fulfills this logic.

Glonghui, May 6th | According to Reuters and other media reports, a court document submitted on May 4th shows that the U.S. Securities and Exchange Commission has reached a settlement with Tesla CEO Musk regarding the lawsuit over alleged violations during the acquisition of Twitter. As part of the settlement agreement, the revocable trust under Musk's name—used to purchase Twitter shares at the time—will pay a civil penalty of $1.5 million (approximately RMB 10.25 million) to the SEC. The U.S. Securities and Exchange Commission filed the lawsuit against Musk in early 2025, accusing him of failing to disclose his increased holdings within 10 calendar days, as required, before acquiring shares of the social media platform Twitter in 2022. This allowed Musk to continue buying Twitter shares at a low price, thereby harming the interests of other investors. The SEC believes Musk's actions artificially suppressed the stock price, causing him to pay at least $150 million less during the Twitter acquisition process. Ultimately, Musk completed the $44 billion acquisition of Twitter in October 2022 and renamed it X the following year.

BlockBeats News, May 6th, according to Hyperinsight monitoring, during the holiday, the market continued to rise. If one opened a leveraged long position on BTC at 10 times the day before Labor Day, today, they may achieve a floating return rate of up to 63%. On-chain whale with address starting with 0x66f took a long position with 10x leverage the day before the holiday (April 30th), buying 750 BTC worth $60.8 million, hitting this round of gains. Post-holiday, the market strengthened again. The current floating profit has exceeded $3.8 million, making it the largest BTC long position address on the Hyperliquid platform. Address: 0x66f463866512fc337c89bad2032acbe38ee38836