Important information last night and this morning (August 10-August 11)

SharpLink is suspected of using all the previously raised $200 million to buy ETH

According to on-chain analyst Yu Jin's monitoring, 10 hours ago, a new wallet withdrew 52,809 ETH (worth $220 million) from Coinbase Prime and then distributed it to 8 wallets for Ethereum staking. Among these, one address is a known address of SharpLink (SBET). SharpLink just sold stocks to raise $200 million last Friday, so it is very likely that it used these funds to buy ETH over the weekend. If the speculation is correct, SharpLink (SBET)'s current latest ETH holdings have reached 621,000 coins, worth $2.65 billion, with an average purchase price of approximately $3,226.

1inch team's investment fund sold part of ETH and 1INCH, achieving a profit of $8.36 million

According to on-chain analyst Yu Jin's monitoring, the 1inch team's investment fund has started selling previously purchased ETH and 1INCH on the chain. So far, it has sold 5,000 ETH at an average price of $4,215, exchanging them for 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28, exchanging them for 1.8 million USDC. The portion of ETH and 1INCH sold today has brought it a profit of $8.36 million. The ETH was purchased in February, when it spent 28.85 million USDC to buy 11,198 ETH at a price of $2,577; the 1INCH was purchased in July, when it spent 15.65 million USDC to buy 61.76 million 1INCH at a price of $0.253.

A certain whale/institution增持 over $200 million in ETH again, currently holding over $900 million in ETH

According to Onchain Lens monitoring, a certain whale/institution has 增持 49,533 ETH from Galaxy Digital and FalconX, worth $210.68 million. Currently, this whale holds a total of 221,166 ETH, worth $940.73 million, distributed across 6 different wallets. Earlier news stated that a certain giant whale/institution has accumulated over 170,000 ETH in nearly 4 days, equivalent to $670 million.

An Ethereum developer suspected of helping others "abuse" Ethereum was "detained" in Turkey

According to BeInCrypto reports, an Ethereum developer named "Fede's Intern" was detained in Izmir, Turkey, on suspicion of helping others "abuse" Ethereum. In a post on X, the developer stated that the authorities accused him of assisting in this activity. "Fede's Intern" denied any wrongdoing, emphasizing that he and his team "are just infrastructure builders" and are willing to cooperate with the authorities. During the "detention", he intermittently released updates, saying 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 on a private jet within a few hours. Upon arriving 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 Janet Yellen stated that she is leading the search for a successor to Federal Reserve Chair Jerome Powell.

TRM Labs: Ransomware group Embargo has transferred $34 million in cryptocurrency since April

According to Cointelegraph reports, blockchain intelligence firm TRM Labs stated that a ransomware group named Embargo has transferred over $34 million in ransom-related cryptocurrency since April. Embargo currently has approximately $18.8 million in cryptocurrency stored in unrelated wallets, and experts believe this strategy may be to delay detection or take advantage of better money laundering conditions in the future. Embargo operates using a ransomware-as-a-service (RaaS) model, mainly targeting industries with high downtime costs, including healthcare, commercial services, and manufacturing, and tends to attack victims in the United States, possibly because they have stronger payment capabilities. TRM's investigation indicates that Embargo may be a rebranded version of the notorious BlackCat (ALPHV) group, which went silent earlier this year due to a suspected exit scam. The two groups have technical overlaps, both using the Rust programming language, operating similar data leak websites, and showing on-chain connections through shared wallet infrastructure. Although not as overtly aggressive as LockBit or Cl0p, Embargo employs a double extortion strategy: encrypting systems and threatening victims with the release of sensitive data if they do not pay. In some cases, the group publicly names victims or leaks data on its website to increase pressure.

Crypto executive: At least one Bitcoin user is kidnapped every week, and attack frequency rises during bull markets

According to Cointelegraph reports, SatoshiLabs founder Alena Vranova warned that wrench attacks, physical attacks, and kidnappings targeting Bitcoin and cryptocurrency holders are increasing. "Every week, at least one Bitcoin holder around the world is kidnapped, tortured, extorted, and sometimes suffers even worse consequences." She warned that even small cryptocurrency investors may become targets of violent criminals. "It may seem like a problem only for Bitcoin OG investors, but that's not the case. We've seen people kidnapped for $6,000 worth of cryptocurrency and murdered for $50,000 worth of cryptocurrency." "Currently, the personal information of over 80 million Bitcoin holders and cryptocurrency users has been leaked online; 2.2 million of these include home addresses." She added that these attacks are related to Bitcoin prices, and their frequency increases during bull markets.

Russian hacker group GreedyBear has stolen over $1 million in cryptocurrency recently by forging MetaMask wallets and other means

According to Decrypt reports, U.S. and Israel-based Koi Security reported that Russian hacker group GreedyBear has stolen over $1 million worth of cryptocurrency in the past five weeks using 150 "weaponized Firefox extensions," nearly 500 malicious executable files, and "dozens" of phishing websites. Koi Chief Technology Officer Idan Dardikman stated that the Firefox attack campaign is "by far" its most profitable attack vector, with most of the $1 million in gains coming from it. This specific strategy involves creating fake versions of widely downloaded crypto wallets (such as MetaMask, Exodus, Rabby Wallet, and TronLink). Hackers use Extension Hollowing to bypass market security measures, initially uploading non-malicious versions of the extensions and then updating the applications with malicious code. The group also posts fake reviews of the extensions to create an illusion of trustworthiness and reliability. Once downloaded, the malicious extensions steal wallet credentials, which are then used to steal cryptocurrency. Another major attack method of the group involves nearly 500 malicious Windows executable files, which are added to Russian websites that distribute pirated or repackaged software. Such executable files include credential stealers, ransomware, and Trojans.

LayerZero Foundation proposes to acquire Stargate cross-chain bridge and its token STG for $110 million

According to The Block reports, the LayerZero Foundation has proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a ratio 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, provide Stargate with resources to enable it to implement an aggressive roadmap, expand its privileges beyond bridging, and deeply connect a powerful revenue-generating protocol with the LayerZero ecosystem, allowing end consumers to have deeper access to LayerZero."

Data: Tokens such as APT, ARB, and AVAX will see large unlocks, with APT unlocks worth approximately $52.1 million

Token Unlocks data shows that tokens such as APT, ARB, and AVAX will see large unlocks next week. Among them:

- Aptos (APT) will unlock approximately 11.31 million tokens at 8:00 AM Beijing time on August 12, accounting for 2.20% of the current circulation, worth about $52.1 million;

- Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 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 8:00 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 8:00 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 10:00 PM Beijing time on August 11, accounting for 9.51% of the current circulation, worth about $17 million;

- Starknet (STRK) will unlock approximately 127 million tokens at 8:00 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 8:00 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 8:00 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 8:00 AM Beijing time on August 11, accounting for 6.36% of the current circulation, worth about $5.4 million.

Huijian Medical launches "Global Enhanced Ethereum (ETH) Vault" strategy

Huijian Medical (01931.HK) issued an announcement stating that the group's latest strategic upgrade and elevation initiative - approved by the board of directors, the group has officially launched the "Global Enhanced Ethereum (ETH) Vault with Downside Protection Mechanism" strategy (Ethereum (ETH) Vault Strategy).

Michael Saylor releases Bitcoin Tracker information again, Strategy may disclose 增持 data next week

Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor released Bitcoin Tracker information again on the X platform and may disclose 增持 data next week. He said: "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 started shorting ETH. He began shorting ETH with 25x leverage 20 minutes ago and is currently executing the short sale using a TWAP (Time-Weighted Average Price) order, which shows that he will complete the short sale of 10,000 ETH ($42 million) in 3 hours.

White House crypto chief不满 that top U.S. banks still ban wealth management platforms from accessing Bitcoin ETFs

White House AI and Cryptocurrency Director David Sacks posted on the X platform expressing dissatisfaction that many U.S. banks still ban wealth management platforms from accessing Bitcoin ETFs. He wrote: "Why do top U.S. banks still ban or restrict access to Bitcoin ETFs on their wealth management platforms? Is this the last vestige of 'debanking'?"

Analyst: ETH price target is now $20,000, may hit a new high in 1-2 weeks

According to Cointelegraph reports, market sentiment has picked up again after ETH broke through the $4,000 mark for the first time since the end of 2024. Analyst Merlijn stated that ETH's upward channel has opened, and the current highest target price may be set at $20,000. In addition, trader BitBull pointed out that driven by large-scale short squeezes and institutional buying, it may be easier for ETH prices to hit a new all-time high. If the weekly closing price is above the $4,100 range, a new all-time high may appear within 1-2 weeks.

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