News

The Central Bank of Brazil stated on Monday that the liquidation of Master Bank Group’s institutions did not cause systemic impacts. Depositors compensated by the FGC fund mainly redirected their funds to larger and more systemically important financial institutions.The central bank noted that the Master crisis did not have a significant impact on the interest rates of FGC-guaranteed instruments, but the realized level of household credit risk has increased.Default probability estimates indicate that the upward trend in default rates for most credit products is expected to continue.

BlockBeats News, May 25th, according to Hyperinsight Monitoring, in the past 1 hour, a certain BTC whale short position on Hyperliquid was liquidated twice in a row, with a total of 169.5 BTC being liquidated, worth approximately $13.15 million, marking the largest liquidation on the network today. After the liquidation, the whale used the remaining $220,000 in the account to go long, leveraging 40 times to hold 130.6 BTC, with a position value of approximately $10.1 million, an average price of $77,561, and a liquidation price of $76,681. Address: 0x2fc3195efbf91ad90854bc3c02fe739895c23460 -The HyperInsight Bot is now online. Add @HyperInsightBot to the community and set it as an administrator (requires permission to send messages enabled) to automatically synchronize on-chain information.

BlockBeats reported on May 25 that a lawsuit filed in New York on May 1 is seeking a court ruling to claim ownership of 39,069 long-dormant Bitcoin wallets, raising major legal questions regarding lost crypto assets and property law. The plaintiff, Noah Doe, and two Wyoming limited liability companies (ABC Company and XYZ Company) claim that the Bitcoins associated with these addresses are “abandoned” property found in accordance with the law, and have reported them to the New York Police Department under New York's lost property law. The lawsuit includes wallets of early Bitcoin miners and even addresses of Bitcoin creator Satoshi Nakamoto. However, the legal basis of the lawsuit is questionable. Even if the court rules in favor of the plaintiffs, enforcement is technically impossible, because the Bitcoin network does not have a mechanism for “redistributing funds without a private key.” Analysts at research institution Castle Labs noted that the only exception would be if the coins were transferred to a regulated custodian or trading platform, in which case the court could force the intermediary to act. The lawsuit lists a total of 39,069 Bitcoin addresses, but the founder of on-chain analytics platform Timechain Index estimates these addresses hold about 3.7 million Bitcoins (worth approximately $285 billion), far more than plaintiffs claim. Analysts also noted that the plaintiffs sent legal notices to address formats unrelated to the actual balances, a structurally flawed attempt. Data shows there are currently 3.5 million Bitcoins that have been dormant for 10 years and 6.6 million that have been dormant for more than 5 years.