Cere Network co-founder Fred Jin and his family are accused of implementing a "pump and dump" scheme, illegally embezzling $100 million from investors. The complaint states that Jin secretly sold over $41 million worth of tokens after the token launch and collaborated with convicted market makers to conceal the fraud. Cere is facing its second lawsuit this month, and the token price has dropped by 99.9%.

Gate News bot message, according to the official Gate announcement on January 6, 2026 Gate announces the adjustment of lending functions for certain tokens. Starting from 16:00(UTC+8) on January 6, 2026, the platform will disable the new lending functions for 15 tokens including 1CAT, BARSIK, BEER, CATS, FRED, IDV, MONG, MONKY, OCT, SLIM, SMILE, STARHEROES, STARL, ASI, IRIS in unified account spot leverage, collateral lending, and isolated margin. For users holding loans on the above tokens that have not been repaid, Gate requires repayment before 16:00(UTC+8) on January 7, 2026. Unsettled loans will be automatically settled by the system at that time. This adjustment does not affect the normal use of spot trading functions.

Bitcoin supporter and Stanford PhD in Mathematics Fred Krueger posted on X: “BlackRock vs. Vanguard—everyone says BlackRock is the biggest, and that’s true. However, in the areas that matter most to most Americans, Vanguard is actually larger: - #1 in US retirement savings (IRA + 401(k)) - #1 in index mutual funds (Boglehead core funds) - #1 in direct-to-consumer investing (everyday investors investing directly) - #1 in passive long-term investing (the default choice for middle-class savers) Vanguard allowing and accepting Bitcoin investment is hugely significant.”