Hyperliquid trader qwatio had his account liquidated six times in three days, losing about 10 million US dollars

U.S. Federal Housing Finance Agency (FHFA) Director Bill Pulte has ordered Fannie Mae and Freddie Mac to consider ways cryptocurrencies may be used in mortgage risk assessments, a Wednesday order from the FHFA reveals. FHFA To Consider Crypto As Mortgage Asset, Bill Pulte Says According to a June 25 X post from Pulte, the two government-sponsored enterprises will prepare a proposal considering “cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments” without first being converted to U.S. dollars. After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. SO ORDERED pic.twitter.com/Tg9ReJQXC3 — Pulte (@pulte) June 25, 2025 However, only cryptocurrencies stored on a U.S.-regulated centralized exchange would be considered by the government agency. “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage,” Pulte said. “Today is a historic day in the cryptocurrency industry and the mortgage industry, whereby Fannie Mae and Freddie Mac are now positioned to involve Cryptocurrencies in Mortgages,” he added. “Thank you President Trump for making the USA the crypto capital of the world!” Crypto Advocates Celebrate Mainstream Adoption Win Following the news, several key players across the digital asset industry celebrated the FHFA’s latest move. Strategy founder Michael Saylor took to social media to praise Pulte’s decision, calling it a “defining moment for institutional BTC adoption and collateral recognition.” “A truly historic day,” Saylor said. “The U.S. mortgage industry leads—and the global banking system will follow.” Blockchain real estate company Propy also hailed the FHFA’s crypto consideration, labeling it a “huge step forward for crypto adoption in real estate.” “Regulators are moving,” a Wednesday afternoon X post from Propy’s official account reads. “Markets are watching.” With over 55 million Americans owning digital assets, it may only be a matter of time before crypto begins to play a mainstream role in unlocking access to homeownership.

South Korean authorities have dismantled a criminal syndicate that collected hundreds of billions of won (approximately $3.2 million) in commissions through fraudulent foreign exchange operations utilizing Neteller Pay, an overseas electronic payment platform similar to Cash App but without global restrictions. According to South Korean news agency Yonhap , the Busan Western District Prosecutors’ Office’s 3rd Criminal Division announced on June 26th that it had indicted two money exchange companies and three operators without detention for violating the Foreign Exchange Transactions Act and the Electronic Financial Transactions Act. South Korean prosecutors seize $3.2M in crypto in illegal FX probe South Korean prosecutors have raided a group accused of earning billions of won in fees through unregistered foreign exchange operations, seizing 4.4 billion won ($3.2 million) worth of cryptocurrencies,… — CoinNess Global (@CoinnessGL) June 26, 2025 Prosecutors indicated they are continuing their investigation into five additional individuals involved in operating other money exchange businesses. South Korean Authorities Seize Hidden Ethereum Stash Worth $3.2M From Fraud Ring The prosecution alleges that the indicted money changers and operators illegally facilitated currency exchanges over a six-year period from 2019 to 2024, collecting funds from ordinary citizens and processing them through Neteller Pay. How scammers use Neteller Pay to collect fraud proceeds/ Source: Busan Police Authorities confirmed that the three unregistered money changers processed a total of 943.4 billion won using fraudulent currency exchange schemes, collecting approximately 25.7 billion won ($18.92 million) in commissions. The cumulative transaction volume from these illegal operations reached around $694.5 million. During the fraud investigation, prosecutors tracked accounts and virtual assets, seizing approximately 12.4 billion won in assets held under false names by the money changer operators and their associated corporations. Additionally, investigators discovered that suspects had concealed approximately 4.4 billion won worth of Ethereum in personal virtual asset wallets to evade detection by authorities. Are Overseas Payment Platforms Becoming Korea’s New Fraud Frontier? Neteller Pay is commonly utilized on overseas gambling platforms prohibited in Korea and for FX margin trading , where individuals profit from foreign exchange rate fluctuations. The service operates in over 200 countries and supports cryptocurrency deposits and withdrawals across more than 30 digital currencies, making it an attractive option for online merchants, gambling platforms, and cryptocurrency traders. 📢 #AlchemyPay Expands Crypto Purchasing with European Local Payment Channels! This update integrated several local European payment channels, such as Bancontact in Belgium, iDeal in the Netherlands, and global payment channels like Skrill and Neteller. https://t.co/8O9Gq3eLGs pic.twitter.com/IYi47mQmjf — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 20, 2023 This case contributes to the escalating pattern of crypto-related fraud in South Korea. In May, South Korean police arrested 28 individuals suspected of orchestrating a cryptocurrency investment fraud scheme that defrauded approximately 50 victims of a combined $1.3 million. The group allegedly convinced victims to purchase cryptocurrency tokens purportedly scheduled for listing on major exchanges, promising significant returns on investments that ultimately proved to be worthless. Three months prior, prominent South Korean crypto figure Park “Jonbur Kim,” known as the “Coin King,” was arrested on fraud charges shortly after being released on bail for a separate cryptocurrency scam. 🚨 South Korean crypto figure "Jonbur Kim" Park, the ‘Coin King,’ faces re-arrest over a $47M Artube Coin scam as authorities intensify their crackdown on crypto scams. #Crypto #CryptoFraud #SouthKorea https://t.co/4kT9TWz8wc — Cryptonews.com (@cryptonews) February 21, 2025 Park and his associate allegedly orchestrated the fraudulent issuance and listing of Artube coin, manipulating its price and misleading investors through false disclosures, resulting in 68 billion won ($47 million) in financial losses. Is South Korea’s $130 Billion Crypto Market Under Siege from Fraud Rings? Despite these ongoing scams, South Korea continues to experience growing cryptocurrency adoption, leading the East Asian region in cryptocurrency value received at approximately $130 billion, according to a 2024 Chainalysis report . The report indicates that centralized exchanges represent the most popular service category in East Asia, accounting for 64.7% of cryptocurrency value received. Source: Chainalysis As a leading technology nation, South Korea provides accessible digital asset trading through mobile applications and desktop platforms. 🇰🇷 Eight commercial South Korean banks have joined to establish a won-linked stablecoin that comprises two initial models – trust-based and deposit-linked. #SouthKorea #WonStablecoin https://t.co/d35Oerv1SP — Cryptonews.com (@cryptonews) June 25, 2025 The report shows that public interest in cryptocurrency intensified, particularly after Bitcoin exceeded $70,000 in January 2024.

PANews reported on June 26 that according to Eleanor Terrett, citing court documents, Analisa Torres, a judge at the U.S. District Court for the Southern District of New York, ruled