SharpLink is suspected of using the previously raised $200 million entirely to purchase ETH.
According to on-chain analyst Yu Jin's monitoring, 10 hours ago, a new wallet withdrew 52,809 ETH ($22 million) from Coinbase Prime, then distributed it to 8 wallets for Ethereum staking, one of which is a known address of SharpLink (SBET). SharpLink raised $200 million by selling stocks last Friday, so it is likely that they purchased these funds as ETH over the weekend. If the speculation is correct, SharpLink (SBET) currently holds approximately 621,000 ETH, valued at $2.65 billion, with an average purchase price of about $3,226.
The 1inch team investment fund sold part of its ETH and 1INCH, realizing a profit of $8.36 million.
According to on-chain analyst Yu Jin's monitoring, the 1inch team investment fund has begun selling ETH and 1INCH that had been previously purchased. They have already sold 5,000 ETH at an average price of $4,215 for approximately $21.07 million; and sold 6.45 million 1INCH at an average price of $0.28 for approximately $1.8 million USDC. The portion of ETH and 1INCH sold today has realized a profit of $8.36 million. ETH was purchased in February for $28.85 million USDC at a price of $2,577 for 11,198 ETH; 1INCH was purchased in July for $15.65 million USDC at a price of $0.253 for 61.76 million 1INCH.
A whale/institution has again increased its holdings of ETH by over $200 million, currently holding over $900 million in ETH.
According to Onchain Lens monitoring, a whale/institution has increased its holdings by 49,533 ETH, worth $210.68 million, from Galaxy Digital and FalconX. Currently, this whale holds a total of 221,166 ETH, valued at $940.73 million, distributed across six different wallets. Previously, this whale/institution accumulated over 170,000 ETH in the past four days, amounting to approximately $670 million.
An Ethereum developer is suspected of being 'detained' in Turkey for allegedly helping others 'misuse' Ethereum.
According to BeInCrypto, an Ethereum developer named 'Fede's Intern' has been detained in Izmir, Turkey, for allegedly helping others 'misuse' Ethereum. This developer stated in a post on X that authorities accused him of assisting in this activity. 'Fede's Intern' denies any wrongdoing and emphasizes that he and his team are 'just infrastructure builders' and are willing to cooperate with authorities. During the 'detention,' he intermittently posted updates, stating that he had been moved to a private room and provided with food. He also claimed that arrangements were being made for him to leave Turkey for Europe via private jet within hours. Upon arrival in Europe, he will continue to defend against the charges with his legal team.
U.S. Treasury Secretary: Leading the search for Powell's successor.
According to CCTV News, on August 10 local time, U.S. Treasury Secretary Bentsen stated that he is leading the search for a successor to Federal Reserve Chairman Powell.
TRM Labs: The ransomware organization Embargo has transferred $34 million in cryptocurrency since April.
According to Cointelegraph, blockchain intelligence firm TRM Labs stated that a ransomware organization named Embargo has transferred over $34 million in ransom-related cryptocurrency since April. Embargo currently holds about $18.8 million in cryptocurrency in unassociated wallets, and experts believe this strategy may be to delay detection or take advantage of better money laundering conditions in the future. Embargo operates on a Ransomware-as-a-Service (RaaS) model, primarily targeting industries with high downtime costs, including healthcare, business services, and manufacturing, and tends to attack victims within the U.S., possibly due to their stronger payment capabilities. TRM's investigation indicates that Embargo may be a renamed version of the notorious BlackCat (ALPHV) organization, which disappeared earlier this year due to suspected exit scams. The two organizations have technical overlaps, both using the Rust programming language, operating similar data leak sites, and showing on-chain connections through shared wallet infrastructure. Although Embargo is not as openly aggressive as LockBit or Cl0p, it employs a dual extortion strategy: encrypting systems and threatening victims to leak sensitive data if they do not pay. In some cases, the organization publicly names or leaks data on its website to increase pressure.
Crypto executives: At least one Bitcoin user is kidnapped every week, and the frequency of attacks will rise during bull markets.
According to Cointelegraph, SatoshiLabs founder Alena Vranova warns that the number of wrench attacks, personal attacks, and kidnappings against Bitcoin and cryptocurrency holders is increasing. 'Every week, at least one Bitcoin holder in the world is kidnapped, tortured, extorted, and sometimes faces more serious consequences.' She warned that even small cryptocurrency investors could become targets of violent criminals. 'It seems that only Bitcoin OG investors face these issues, but that's not true. We've seen people kidnapped for cryptocurrencies worth $6,000 and others murdered for cryptocurrencies worth $50,000.' 'Currently, over 80 million Bitcoin holders and cryptocurrency users have their personal information leaked online; among them, 2.2 million contain home addresses.' She added that these attacks are related to Bitcoin prices and that the frequency of attacks rises during bull markets.
The Russian hacker group GreedyBear has recently stolen over $1 million in cryptocurrency by faking MetaMask wallets and other methods.
According to Decrypt, Koi Security, based in the U.S. and Israel, reported that the Russian hacker group GreedyBear has stolen over $1 million in cryptocurrency in the past five weeks using 150 'weaponized Firefox extensions,' nearly 500 malicious executable files, and 'dozens' of phishing websites. Koi's Chief Technology Officer Idan Dardikman stated that the Firefox attack activity is 'by far' the most profitable attack medium for them, with most of the $1 million revenue coming from this. This specific strategy involves creating fake versions of widely downloaded crypto wallets (such as MetaMask, Exodus, Rabby Wallet, and TronLink). The hackers used Extension Hollowing to bypass market security measures, initially uploading non-malicious versions of the extensions and then updating the applications with malicious code. The organization also posted fake reviews of the extensions to create a false sense of trust and reliability. Once downloaded, the malicious extensions steal wallet credentials, which are then used to steal cryptocurrency. Another major attack method employed by this organization involves nearly 500 malicious Windows executable files, which were added to Russian sites distributing pirated or repackaged software. Such executable files include credential stealers, ransomware, and trojans.
LayerZero Foundation has proposed to acquire Stargate cross-chain bridge and its token STG for $110 million.
According to The Block, LayerZero Foundation has proposed to acquire Stargate cross-chain bridge and its STG token for $110 million. According to the proposal terms, the STG token will be discontinued, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG to 0.08634 ZRO, equivalent to $0.1675 per STG and $1.94 per ZRO. Stargate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved. The proposal states: 'This proposal aims to accelerate the development of Stargate and LayerZero, providing resources for Stargate to implement an active roadmap and expand its privileges beyond bridging, while deeply connecting a strong revenue-generating protocol with the LayerZero ecosystem, allowing end consumers to engage more deeply with LayerZero.'
Data: Tokens like APT, ARB, and AVAX will undergo significant unlocks, with APT unlocking worth approximately $52.1 million.
Token Unlocks data shows that tokens like APT, ARB, AVAX will undergo significant unlocks next week, including: Aptos (APT) will unlock approximately 11.31 million tokens at 8 AM Beijing time on August 12, accounting for 2.20% of the current circulation, worth about $52.1 million; Arbitrum (ARB) will unlock approximately 9.265 million tokens at 9 PM Beijing time on August 16, accounting for 2.04% of the current circulation, worth about $41.9 million; Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on August 15, accounting for 0.51% of the current circulation, worth about $39.2 million; Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on August 15, accounting for 1.21% of the current circulation, worth about $17.5 million; Solayer (LAYER) will unlock approximately 27.02 million tokens at 10 PM Beijing time on August 11, accounting for 9.51% of the current circulation, worth about $17 million; Starknet (STRK) will unlock approximately 12.7 million tokens at 8 AM Beijing time on August 15, accounting for 5.98% of the current circulation, worth about $16.8 million; io.net (IO) will unlock approximately 13.29 million tokens at 8 PM Beijing time on August 11, accounting for 6.51% of the current circulation, worth about $8.3 million; peaq (PEAQ) will unlock approximately 84.84 million tokens at 8 AM Beijing time on August 12, accounting for 7.03% of the current circulation, worth about $5.6 million; BounceBit (BB) will unlock approximately 42.9 million tokens at 8 AM Beijing time on August 11, accounting for 6.36% of the current circulation, worth about $5.4 million.
Huajian Medical has launched its 'Global Enhanced Ethereum (ETH) Treasury' strategy.
Huajian Medical (01931.HK) announced that the group has officially launched its strategy for a 'Global Enhanced Ethereum (ETH) Treasury' following a board resolution.
Michael Saylor has released Bitcoin Tracker information again, with Strategy possibly disclosing increased holdings next week.
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has again released Bitcoin Tracker information on the X platform, possibly disclosing increased holdings next week. He stated: 'If you don't stop buying Bitcoin, you won't stop making money.'
Whale AguilaTrades started shorting ETH with 25x leverage 20 minutes ago.
According to on-chain analyst Yu Jin's monitoring, whale AguilaTrades has begun shorting ETH. He started shorting ETH with 25x leverage 20 minutes ago, currently executing short orders with TWAP (Time-Weighted Average Price). The order shows he will complete a short sale of 10,000 ETH ($42 million) in 3 hours.
The White House cryptocurrency supervisor is dissatisfied that major U.S. banks still prohibit wealth management platforms from accessing Bitcoin ETFs.
David Sacks, Director of AI and Cryptocurrency at the White House, expressed dissatisfaction on the X platform that several major U.S. banks still prohibit wealth management platforms from accessing Bitcoin ETFs, stating: 'Why do leading banks in the U.S. still prohibit or restrict access to Bitcoin ETFs on their wealth management platforms? Is this the last trace of 'de-banking'?'
Analyst: The price target for ETH is now $20,000, and it may reach a new high within 1-2 weeks.
According to Cointelegraph, market sentiment has improved again as ETH breaks the $4,000 mark for the first time since the end of 2024. Analyst Merlijn states that the price increase channel for ETH has opened, and the current highest target price may be set at $20,000. Additionally, trader BitBull points out that due to massive short squeezes and institutional buying, it may be easier for ETH to reach new all-time highs. If the weekly closing price is above the $4,100 range, a new all-time high may occur within 1-2 weeks.
