Citadel plans to intervene in Susquehanna insider trading lawsuit.
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Russia's Sberbank Sees $46 Billion in Crypto Trading, Plans Ethereum and USDT-Backed Loans
Deputy Chairman Anatoly Popov told state media that trading could hit 4 trillion rubles in its first year, as the bank prepares to broaden crypto-backed lending once regulators sign off.
Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
Lingnan Holdings: Plans to acquire 85% stake in Guangdian City Services; stock resumes trading.
Mars Finance reported on July 7th that Lingnan Holdings announced its plan to acquire 85% of Guangdian Chengfu's shares from Shuke Group through a combination of share issuance and cash payment, and to raise supporting funds. The company's stock has been suspended from trading since June 24, 2026, and will resume trading on July 8th upon application. This transaction is subject to auditing and valuation, and requires approval from the board of directors, shareholders' meeting, state-owned assets supervision and administration departments, and the China Securities Regulatory Commission, and therefore involves uncertainties. (Company Announcement)
Russia's largest bank, Sberbank, plans to launch compliant crypto wallets and custody services this year.
PANews reported on July 6th that, according to CoinDesk, Russia's largest bank, Sberbank, plans to launch a cryptocurrency wallet and digital custody vault by December, provided the "Digital Currency and Digital Rights Law" officially takes effect in September. The service will be integrated into the "Sberbank Online" and "SberInvestments" apps, providing customers with access to authorized crypto assets within the banking system. The new law will establish a licensing framework for crypto trading, custody, fiat currency exchange, and cross-border settlement, with a trading limit of approximately 300,000 rubles (about $3,800) per year for non-accredited investors. Other large banks, including VTB and T-Bank, are also preparing related digital custody services.
Ex-White House Teleprompter Operator Fined for Prediction Market Insider Trading
Gabriel Perez used his access to Trump's speeches before delivery to bet on "presidential mention market" contracts, profiting more than $107,500 before the CFTC caught up with him.
ZachXBT: LAB has plummeted 85% in 24 hours; trading this token is not recommended.
According to ChainCatcher, on-chain investigator ZachXBT stated that the LAB token has plummeted from $14 to less than $2 in the past 24 hours, a drop of approximately 85%, resulting in a significant reduction in its fully diluted valuation (FDV) from approximately $14 billion. ZachXBT expressed disappointment that Binance, Bitget, and Gate failed to take proactive measures to prevent price manipulation, stating that if centralized exchanges truly valued user interests, they should at least return the profits of accounts suspected of market manipulation to users. He further pointed out that LAB investors were originally scheduled to begin unlocking their tokens later this month, but the vesting arrangements have been repeatedly altered. Insiders have long controlled almost the entire circulating supply and have been using market makers to conduct extreme price manipulation on centralized exchanges; therefore, he "does not recommend trading LAB under any circumstances."