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Quick Take Huione Group, the alleged operators of the “largest illicit online marketplace,” has launched crypto tools, including a wallet, native blockchain and stablecoin, as well as a Telegram-like messaging app. Elliptic suggests the move is part of a strategy to avoid asset seizures.
Quick Take Sony’s blockchain subsidiary launched the mainnet of its Ethereum Layer 2, Soneium, on Tuesday, targeting content creators and their communities, but faced a memecoin-related backlash. Analysts at K33 previously favored selling bitcoin at the Jan. 20 inauguration as heightened expectations from Trump’s pro-crypto campaign promises met the reality of Washington’s often slow-paced political machine. However, selling the news has become less attractive as the inauguration approaches. Bitwise CIO Ma
Quick Take TON Foundation has appointed Manuel Stotz as its new president. Replacing Steve Yun, Stotz’s mandate will involve fostering additional growth in the U.S. for the blockchain closely tied to Telegram.
Quick Take “We haven’t said Ethereum is a security,” SEC Chair Gary Gensler said on Tuesday on Yahoo Finance. The classification of whether ethereum is a security or not has been hazy over the past few years.
Quick Take The crypto derivatives giant Deribit attracted buyers for a potential acquisition, though the firm has yet to enter a sale, reports Bloomberg.
- 22:18Turkey bans PancakeSwap over unauthorized cryptocurrency activitiesAccording to a report by Jinse Finance, the Turkish Capital Markets Board (SPK) has announced a ban on the decentralized exchange PancakeSwap, citing its unauthorized provision of crypto asset services to Turkish residents. This action was carried out in accordance with relevant provisions of the Capital Markets Law. The ban is part of a broader crackdown on unlicensed platforms, involving more than 60 crypto and forex websites in total.
- 21:53SIM swap attacks rampant, causing nearly $50 million in crypto asset lossesAccording to FBI statistics, there were over a thousand SIM swap attacks in 2023, resulting in nearly $50 million in losses. Scammers impersonate the phone owner to trick mobile carriers into swapping SIM cards, intercepting SMS verification codes to steal funds from crypto wallets. Notable cases include Iterative Capital co-founder Brandon Buchanan, who lost $450,000 worth of Bitcoin to such a scam. Experts recommend using app-based authenticators instead of SMS for two-factor authentication. High-risk users should set up a dedicated phone number for two-factor authentication and use different email addresses to register for various services. Institutions can adopt multi-signature wallets and blockchain risk control tools (such as Crystal Intelligence) to monitor transactions in real time and intercept anomalies, reducing the risk of asset theft.
- 21:13If Bitcoin Falls Below $106,000 (UTC+8), Total Long Liquidations on Major CEXs Will Reach $958 MillionBlockBeats News, July 4 — According to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity on major CEXs will reach $958 million. Conversely, if Bitcoin breaks above $110,000, the cumulative short liquidation intensity on major CEXs will reach $685 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart shows the extent to which the underlying asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price hits that level, there will be a more intense reaction due to a wave of liquidity.