Odaily reports that the head of the Iranian Parliament's National Security Committee stated that Iran has prepared a mechanism to manage traffic in the Strait of Hormuz along designated routes, with details to be released soon. Only commercial vessels and parties cooperating with Iran will benefit from this process. Necessary fees will be charged to cover the professional services provided under this mechanism. The passage will remain closed to operators of the "Freedom Project." (Jin Shi)

According to Farside data, US Bitcoin spot ETFs saw a net outflow of $995.5 million and Ethereum spot ETFs saw a net outflow of $255.2 million this week.

In the past hour, total liquidations across the network reached $34.93 million, with $34.17 million from long positions, with $755,294.49 from short positions. BTC liquidation $18.07 million, ETH liquidation $3.37 million.

According to Odaily Planet Daily, the Criminal Investigation Bureau of the Ministry of Public Security published an article on its official WeChat account titled "Beware of Online Fraud Targeting Minors," which exposed a new type of online fraud chain characterized by "game-based user acquisition + impersonation of public security, procuratorate, and court officials + virtual currency money laundering." Criminals use advertisements on games and social media platforms to lure minors into adding them as friends, then use intimidation and other means to steal funds from parents' accounts. The stolen funds are then split and withdrawn through black market platforms and used to purchase virtual currencies. These virtual currencies are not restricted by geographical location and can silently flow back to overseas fraud dens, achieving "physical isolation" of cross-border funds. The Criminal Investigation Bureau of the Ministry of Public Security reminds the public that public security, procuratorate, and court officials will never conduct cases online, will never intimidate or deduct funds, and will never ask for passwords or verification codes.

According to Bloomberg analyst James Seyffart, the 2x leveraged Cerebras Systems ETF (ticker symbol: CBRG) has officially launched trading, while its underlying asset, CBRS, only began trading the previous afternoon, a mere few hours later, setting a record for extremely fast product launches. This "fast-following" ETF issuance model is accelerating, and similar rapid issuance paths may emerge for leveraged ETFs focusing on unlisted or highly sought-after assets such as SpaceX, Anthropic, and OpenAI, reflecting a significant increase in the speed of productization in the ETF market regarding new asset exposures.