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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 02:03Data: Hyperliquid platform whales currently hold $5.263 billions in positions, with a long-short ratio of 0.84.ChainCatcher news, according to Coinglass data, the current whale positions on the Hyperliquid platform amount to $5.263 billions, with long positions at $2.402 billions, accounting for 45.63% of the total, and short positions at $2.862 billions, accounting for 54.37%. The profit and loss for long positions is -$73.6123 millions, while the profit and loss for short positions is $165 millions. Among them, the whale address 0x5b5d..60 is currently holding a 10x full-position short on ETH at the price of $3,527.7, with an unrealized profit and loss of $6.6114 millions.
- 01:52ABI senior official: Italian banks support the digital euro project but hope for phased investmentForesight News: According to Reuters, Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), stated at a press conference held in Florence that Italian banks support the European Central Bank's digital euro project because it embodies the concept of "digital sovereignty." However, they hope that the investments required for the implementation of this project can be carried out in phases, as the costs are very high. At the end of last month, the ECB's Governing Council decided to advance to the next phase of the digital euro project, stating that if timely approval is obtained from legislators, a pilot project for its digital currency could be launched in 2027, with an official rollout in 2029. However, according to the Financial Times, the plan has faced opposition from the German Banking Industry Committee (the largest banking lobby group in Germany) and conservative European Parliament member Fernando Navarrete. In a report released last week, Fernando Navarrete stated that the digital euro should not be used for payments between financial intermediaries, payment service providers, and other market participants (i.e., wholesale payments), as central bank money settlement systems already exist and the euro system is further exploring the use of different technologies to handle these payments.
- 01:35BTC OG whale holds 40,000 ETH long positions, currently facing over $2 million in unrealized losses, with a liquidation price of $2,533.69.ChainCatcher News, the address holding 40,000 ETH (approximately $135 million) has an unrealized loss of $2.05 million, with an entry price of $3,445.58 and a liquidation price of $2,533.69. Address: 0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae. Previously, a high-profile BTC OG whale who switched to ETH transferred a large amount of funds from address (0x2eA) to an intermediary address (0x4f9) on October 10, and the latter injected funds multiple times into the trading address (0xb31). Shortly before the black swan event, the two related addresses (0x2eA) precisely opened a short position on ETH, and (0xb31) opened a short position on BTC, both subsequently making profits.