ChainCatcher reports that, according to Gate market data, the dollar has strengthened against all major currencies due to rising oil prices prompting swap traders to reduce their bets on the Fed cutting interest rates this year. The market currently expects about 59 basis points of rate cuts from the Federal Reserve, down from 61 basis points last Friday. Gareth Berry, a strategist at Sydney's Macquarie Group, said this could be an early signal that the market believes sustained oil price increases will lead to higher inflation pressures in the US, thereby reducing the Fed's willingness to cut rates. Deteriorating risk sentiment has also contributed to the dollar's rise, with S&P 500 futures down 1.5%.

ChainCatcher reports that, according to Decrypt, two former Theta Labs executives, Jerry Kowal and Andrea Berry, filed a whistleblower lawsuit in California, accusing the company's CEO Mitch Liu and Theta Labs of fraud, token market manipulation, and retaliation against whistleblowing employees. The lawsuit states that Liu used Theta Labs as a personal trading tool, artificially inflating the THETA token price through misleading partnerships (including exaggerating the relationship with Google), undisclosed internal token sales, and NFT market manipulation. The plaintiffs describe a long-term self-trading pattern, claiming Liu implemented a "planned pump-and-dump scheme" that harmed investors and employees. As of press time, Liu and Thet