Eight people arrested in the JPEX case have been released on bail, and KOL Lin Zuo has left the Hong Kong Police Station

Odaily News Hong Kong police previously arrested 8 people involved in the JPEX case and were released on bail pending investigation on the evening of September 19, but they must report to the police in mid-October. At about 9 p.m., Yumei, the girlfriend of one of the arrested KOL Lin Zuo, appeared at the Central District Police Station holding a briefcase. At nearly 10 p.m., Yumei left the front door of the police station and did not answer reporters questions. Some media captured Lin Zuo leaving at the back door of the police station at the same time. (Ming Pao) Previously, Hong Kong police arrested JPEX promotion internet celebrity Lin Zuo on September 18, which may be related to the crisis of the crypto exchange JPEX. The police searched Lin Zuo’s office in the Entertainment District in Central. The case is now being handed over to the Commercial Crime Bureau for follow-up. After JPEX was named by the Hong Kong Securities Regulatory Commission, new withdrawal restrictions were added. Investors could only withdraw a maximum of 1,000 USDT, and the handling fee was once as high as 999 USDT. After JPEX launched the measures, Lin Zuo once said that he had suffered heavy losses and said he would help follow up on the incident.
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Kalshi Plans to List Perpetual Securities Futures Anchored to U.S. Stocks and ETF Spot
Odaily News: Kalshi has submitted a proposed rule change to the U.S. Securities and Exchange Commission, proposing to add Chapter 14 to its rulebook in order to list perpetual securities futures products with no fixed expiration date. These contracts anchor their prices near the spot price of the underlying U.S. stock or ETF through periodic funding rates between long and short parties, and are planned to be cleared by its clearing platform Kalshi Klear.The underlying assets must meet conditions including deliverable supply exceeding 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past 6 months, with most contract units being 100 shares.
Trump's latest financial disclosure shows his accounts purchased Strategy stock twice in July, with the largest single purchase at $100,000
According to a periodic transaction report recently released by the U.S. Office of Government Ethics (OGE), accounts held in U.S. President Trump's name purchased Strategy (MSTR) stock twice, on July 24 and July 27, with transaction amounts of $1,001 to $15,000 and $50,001 to $100,000, respectively. In addition, the accounts sold MSTR worth $1,001 to $15,000 on July 8. Reports note that MSTR's stock price has risen approximately 83% since July 24.The White House previously stated that the relevant stock and bond assets are traded through a discretionary account managed by a third-party institution and are not directly operated by Trump himself; since Trump is the beneficiary of the accounts, the relevant transactions are still disclosed in his name. (Bitcoin Treasuries)
Hyperliquid LIT's largest short is still "holding firm" on its short position, with unrealized losses exceeding $10 million
Odaily News: According to Hyperbot data, as LIT broke through $5.3 to set a new all-time high, the largest LIT short position on Hyperliquid — a 3x leveraged LIT short that has been "holding firm" — has seen its unrealized losses further widen. The position still holds 2.528 million LIT, with unrealized losses reaching $10.118 million.In addition, the whale also holds short positions in AVAX, ETH, SOL, and HYPE, with the overall position value amounting to approximately $14.634 million, and a return on investment of approximately negative 139.6%.
BTC falls below 86,000 USDT, down 0.33% in 24H
According to OKX market data, BTC has fallen below 86,000 USDT and is currently trading at 85,960.3 USDT, down 0.33% in 24H.
A whale heavily invested in $4.5 million worth of Robinhood Meme and DeFi leaders has liquidated PONS, incurring a loss of approximately $200,000
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a certain whale sold 5.338 million PONS at an average price of $0.6779, worth $3.67 million, driving the PONS price down 4% from $0.6968 to $0.6688. PONS was previously the largest on-chain asset of this address, with an entry price of approximately $0.7154. This sale resulted in a loss of about $200,000.
Former Hack VC partner Hsin-Ju found dead in California at age 37
Odaily News: Crypto industry figure Jordy posted on X platform that former Hack VC partner Hsin-Ju Chuang has been found dead, and expressed condolences. According to a screenshot of a report shared by Jordy, 37-year-old Hsin-Ju Chuang resided in North Las Vegas and was found dead last month near a remote exit off Interstate 15 in the Mojave Desert. Investigators have not yet determined the cause of death.Hsin-Ju previously claimed that she was required to continue working during a medical emergency and was threatened with being blacklisted from the industry if she left before an event was completed. She rejected Hack VC's settlement offer and had planned to publicly release evidence related to her tenure on August 26. Hack VC stated that it has noticed the relevant content, is concerned about Hsin-Ju's health condition, but said that its understanding of the events differs significantly from what Hsin-Ju published, and that it would not publicly discuss details out of privacy considerations.
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Trump: I believe we will reach a deal with Iran after the U.S. midterm elections
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Kalshi requests CFTC to allow margin trading on its platform
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