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More →High-yield ETFs offer huge dividends, but with hidden risks
Crypto News Flash reports that high-yield ETFs with annualized distribution rates exceeding 60% often appear highly attractive, but in the rapidly growing options income ETF market, such rates may differ significantly from investors' expectations for traditional dividend yields. The Ultra Option Income Strategy ETF (ULTY) announced a weekly distribution of $0.3016 per share, representing an annualized distribution rate of 60.50%. Yieldmax's latest announcement indicates that distribution rates and SEC yields are calculated differently, which may lead investors to misunderstand fund performance. Yieldmax warns that distributions may include return of capital (ROC), which does not mean the fund has suffered a corresponding investment loss. Investors should pay attention to the composition of distributions and their impact on the fund's net asset value.
Iran tries to oust diplomat who engaged with Trump envoy, will oil prices rebound?
Iranian lawmakers want to remove Foreign Minister Abbas Araghchi over his contacts with Trump's envoy in New York. The move comes as Iran's oil exports drop to zero. The United States says contacts between the two countries are conducted through intermediaries. Iranian parliament member Amir Hossein Sabeti has submitted an impeachment motion, saying Araghchi met with the envoy without the permission of the Supreme Leader. Iran's state broadcaster said the two met at the United Nations on September 22, and the envoy requested the meeting. Iran's foreign minister's office said the contact was conducted only through Qatari intermediaries. Iran's oil loadings fell to zero in September for the first time since 1979.
Over the past 4 hours, the share of active buy trades in SOL contracts was 47.71%.
Bjie.com data: For the SOLUSDT perpetual contract, the taker buy volume share over the most recent 4 complete hours was 47.71%, while the taker sell share was 52.29%, with taker selling dominant. Compared with the same-caliber snapshot 24 hours earlier, it rose by 1.9573 percentage points.
Adam Iza, who called himself 'The Godfather,' sentenced to 6 years in prison in $37 million Meta fraud case
According to Coin World news, Adam Iza, who calls himself "The Godfather," has been sentenced to 6 years in prison for a $37 million Meta fraud case. The 26-year-old Iza was sentenced to 78 months in prison on charges including defrauding Meta, tax evasion, and using Los Angeles sheriff's deputies to intimidate rivals. The judge also ordered him to pay $23.4 million in restitution. Iza pleaded guilty in January 2025 to rights-related conspiracy, wire fraud, and tax evasion. This sentence will run concurrently with the 15-year prison term he received in August 2024 for his involvement in a Bitcoin robbery case. Prosecutors said that Iza gained access to Meta business management accounts and sold that access to advertising companies, causing Meta to charge clients for ads they had not purchased and to issue refunds. He earned at least $36.4 million from this, resulting in an estimated $13.3 million in tax losses for the IRS.
Over the past 4 hours, active buy trades accounted for 50.61% of ETH futures trading volume.
Bjie.com data: The taker buy volume ratio of the ETHUSDT perpetual contract over the most recent 4 complete hours was 50.61%, while the taker sell ratio was 49.39%, with taker buying dominating. Compared with the same-caliber snapshot 24 hours earlier, this rose by 1.3859 percentage points.
CFTC announces plan to regulate crypto exchanges.
CoinWorld news: After the Clarity Act failed to pass, the CFTC (U.S. Commodity Futures Trading Commission) released a plan to regulate crypto exchanges, requiring the public to provide comments within 60 days. The plan aims to provide federal licenses for crypto exchanges to prevent fraud similar to FTX. CFTC officials said these rules will enable U.S. exchanges to offer leveraged products that are currently unavailable, promoting user growth and industry development. This move could make crypto assets once again a mass-investable asset class.
VIX1D one-day volatility index reported at 8.98 points.
CoinWorld US stock data: The VIX1D one-day volatility index closed at 8.98 points.
Capital Group's CGGR has increased its stake in Strategy, with holdings valued at $366 million.
CoinWorld data: Capital Group's Growth ETF (CGGR) increased its holdings by 535,304 shares of Strategy stock, worth approximately $89 million, and currently holds a total of 2.19 million shares of Strategy stock, with a total position value of $366 million.
Google faces a class action lawsuit in the UK over Play Store's 30% commission, which is accused of driving up prices, and could face £1.2 billion in damages.
Google is facing a class action lawsuit in the UK, accused of driving up prices through its 30% cut on the Play Store and potentially facing £1.2 billion in damages. Google is accused of charging excessive fees to Android app developers over more than a decade, driving up the prices of goods and services on the Play Store, affecting around 20 million UK consumers. Lawyers representing consumers said on Tuesday at the opening of a class action trial at London's Competition Appeal Tribunal that Google's practice of charging a 30% fee on digital purchases violates competition law. Consumers affected since 2015 could ultimately receive a total of about £1.2 billion (about $1.6 billion) in compensation. In documents submitted to the court, lawyers said: "Freed from competitive constraints, Google used its market power to charge unfair prices, harming users and earning exceptionally generous returns over nearly 20 years." Google has consistently denied any anti-competitive behavior.
Binance Bitcoin outflows hit a three-year high, with 40,000 BTC withdrawn.
Cointime data: According to U.Today, Binance's Bitcoin outflows have reached a three-year high, with nearly 14,300 BTC withdrawn in a single day, marking the largest daily net outflow in the exchange's history. Outflows over the past 24 hours exceeded last week's 13,800 BTC. Despite market price fluctuations, whale investors' confidence in Bitcoin's potential has strengthened, leading to a continued increase in outflows. Last week, Binance recorded a net outflow of 23,100 BTC, worth approximately $1.4 billion, the highest weekly outflow since June 2023. Since September 20, Binance's Bitcoin reserves have dropped from 704,800 BTC to 663,100 BTC, with about 40,000 BTC (worth approximately $3.3 billion) withdrawn within two weeks.