链捕手ChainCatcher

ChainCatcher message: BSC ecosystem project TUT coin price saw unusual movement today. According to Gate market data, its spot price surged over 200% in the past 24 hours, currently at $0.11. In the past hour, after the token accelerated upward, it quickly pulled back; the token is now down more than 44% over the past hour.
It is worth noting that the token has continued to surge recently, with a weekly gain of over 10 times. Against this backdrop, trading of the TUT futures contract has been active; amid today’s large swings, TUT has become the highest contract liquidation volume token in the past hour. As of the time of publication, TUT’s 1-hour liquidation totals $34.02 million, with long liquidations of $32.78 million. On CEX, multiple short positions larger than $1 million were liquidated.

ChainCatcher report: Bitcoin miner MARA has completed two loans. After pledging 18,750 BTC, it obtained $600 million in new debt to expand its power generation and AI infrastructure business. At the time the pledged assets were sold, the valuation was approximately $1.2 billion. The combined principal of the two loans totals $750 million, of which Coinbase Credit provides $450 million, including refinancing of the original $150 million credit facility and an additional $300 million; Two Prime Lending provides the remaining $300 million. Both loans have been fully drawn.
The Coinbase loan interest rate is the midpoint of the Federal Reserve’s target interest rate range plus 3.875 percentage points, with a term until August 4, 2028; the Two Prime loan fixed interest rate is 7.65%, with a term until August 3, 2028. If the principal remains unchanged, the interest expense for the two loans combined is approximately $56.7 million per year. MARA said that the loan proceeds will be used for general corporate purposes, including paying part of the cash consideration to acquire Long Ridge Energy & Power LLC. The transaction’s enterprise value is approximately $1.5 billion. Long Ridge owns a 505 MW gas-fired power plant and more than 1,600 acres of industrial land. MARA plans to use it for power generation, bitcoin mining, and potential AI and high-performance computing park development.

ChainCatcher message: Santiment Intelligence posted that Bitcoin has just gone through a week of a surge in on-chain transaction volume. The number of new wallets added reached 2.27 million, the highest level in the past year, while the number of active wallets also hit 751,000, the highest record in 10 months. The biggest catalyst was the chaos triggered by the Coldcard wallet incident.
A security crisis forces users to move funds, create new wallets, rotate custodial settings, and reassess their risk exposure, which naturally drives a significant rise in both wallet creation and activity. Polarizing events tend to produce the strongest on-chain reactions in both Bitcoin and altcoins. Fear spreads quickly, followed by greed; both of these emotions prompt more people to trade, adjust positions, and closely watch market dynamics, reigniting demand after a market slowdown.

ChainCatcher message, according to a report by Livecoins: the Superior Court of Justice (STJ) in Brazil rejected suspect Luccas’s request for release, and upheld his detention in the state of São Paulo. The case involves large-scale fraud against the tech company C&M Software. The suspect is accused of illegally accessing the company’s liquidation system and stealing approximately 813 million reais (about US$160 million).
The criminals dispersed the funds across nearly 300 fake bank accounts to increase the difficulty of tracing, and then converted the reais into BTC and USDT through multiple blockchains, attempting to conceal the source of the illegal funds, constituting money laundering. The main attack occurred in June 2025. The criminal organization had a clear division of labor (including transfer operators and cryptocurrency fund managers), and it bribed employees inside the company to help break the server password. The trial judge ordered the arrest of the suspect and about 20 other people involved. The arrest warrants were executed at the end of October.

ChainCatcher message: The U.S. Federal Prosecutor’s Office for the District of Connecticut said that three men from St. Louis—Sedric Louis, John Davis, and Martel Williams—have been charged with conspiring to rob and interfere with commercial activity. Prosecutors allege that the men planned to break into a residence and force victims to transfer cryptocurrency allegedly tied to a theft involving hundreds of millions of dollars’ worth of Bitcoin. Each of the three faces up to 20 years in prison.
Prosecutors allege that the three traveled to Connecticut between August 21 and 24, 2024, rented a car, and prepared items such as air guns and walkie-talkies. They monitored their targets and the targets’ parents for two consecutive days, but then abandoned the plan because they feared their movements would be recorded by home cameras. Subsequently, another group of people from Florida carried out the same scheme and were arrested on August 25—six people in connection with a Lamborghini Urus carjacking case. After Louis and Davis were arrested on June 25, they have remained in custody. On July 30, they pleaded guilty and denied the charges in the U.S. District Court in Bridgeport; Williams, after making the same plea on July 17, was released on bail. Prosecutors said that the abducted targets were the parents of people involved in the multi-hundred-million-dollar Bitcoin theft, and that the indictment does not constitute evidence of guilt.

ChianCatcher message: an encrypted KOL on katexbt posted on X stating that HyperEVM is a huge failure. Out of 18 HyperEVM projects, 13 are completely a waste of time.

Specifically: 2 were terminated by timerug (felix, hyperbeat), 7 are dead (hyperdrive, hypurr, liminal, hyperstablex, looped, laminar, sentiment), 3 have achieved nothing after the TGE (hyperlend, hyperswap, kittenswap), 1 is still pending but will be timerug (valantis), 1 is still reasonably fine for early participation (harmonix), 1 may still be decent (unit / tradexyz), and only 3 are doing okay (Markets / Kinetiq, ProjX, and Nest).

ChainCatcher message: On the X platform, CLR posted a leak stating that pump.fun is using an incentive program to lure users from the FOMO platform to its app. According to the protocol documents it disclosed, pump.fun intends to offer eligible users a one-time $20,000 signing bonus and pay a monthly fixed remuneration of $30,000. The agreement requires users to: transfer the funds and trading positions from the FOMO platform to pump.fun; use a new wallet that had not previously been used by other platforms as an exclusive wallet; link the X (formerly Twitter) account to the pump.fun wallet; publicly declare on the X homepage that this wallet is the only public wallet; and permanently delete and close the FOMO platform account.

ChainCatcher news: Solana perpetual contract protocol FlashTrade founder Anas announced the closure of the project and is seeking to sell the existing tech stack to compensate FAF holders.
He attributes the shutdown to major disagreements within the team, market contraction, and long-term lack of profitability, and says, “What hurts me personally the most is the Foundation’s indifference toward us.” He claims the Solana Foundation only fully supports one team because it believes this will help Solana succeed. Anas also emphasized that he is not blaming the Foundation for the project’s failure and that he has been too emotional about it.