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BlockBeats news, on May 5, Poland's leading crypto exchange Zondacrypto is facing a serious fraud investigation. Its former CEO disappeared in 2022, taking with him the private keys to a cold wallet containing 4,500 Bitcoin (currently valued at over $340 million). The current CEO has admitted that the wallet cannot be accessed and was recently reported to have fled to Israel. Prosecutors estimate potential customer losses of around $97 million. On-chain data shows the Bitcoin balance in the platform's hot wallets has plunged 99.7% since mid-2024, and users widely report difficulties withdrawing funds. Polish Prime Minister Tusk estimates as many as 30,000 users may be affected. Tusk publicly accused the platform of being funded by Russian-linked capital, and of financing opposition legislators to block Poland's crypto regulation legislation. He called it the "Polish version of a Ponzi scheme" and criticized the president for twice vetoing the local adaptation of the EU MiCA framework, making Poland a "paradise for scammers". The platform's board stated they failed to obtain "verifiable information" from the missing CEO and have collectively resigned. The founder has been missing since 2022, and the previously mentioned "suspect kidnapping accusation" case is still under investigation. This incident is expected to prompt Poland and the EU to strengthen regulatory scrutiny on crypto trading platforms.

(1) State Street Global Advisors strategists stated that as long as market consensus and the Federal Reserve's forward guidance point to future policy easing, gold prices could rise. (2) They believe that money market and forex traders may be looking to achieve a tangible peace agreement in order to reprice aggressive Federal Reserve rate cuts and push the US dollar lower. Even if the Federal Reserve remains on hold, as long as its guidance suggests that rate cuts are imminent, gold can still perform well. (3) However, they add that if the outlook for monetary policy continues to shift towards tightening, it may pose a headwind for gold (at least temporarily). In addition, if oil prices stabilize at $100 per barrel and this becomes the new normal, it might also restrain gold’s momentum toward $5,000 per ounce.

Golden Ten Data reported on May 5 that as of 10:30 (UTC+8) on May 5, 2026 (Tuesday), the prices of gold bars from major banks and brands have mostly risen with a few declines. The prices of gold bars from Chow Tai Fook, Lao Feng Xiang, and Tse Sui Luen have fallen, with Tse Sui Luen experiencing the largest drop, down 25 yuan per gram compared to yesterday.