Chinese entrepreneur forced to hand over crypto password, loses over 680,000 USD in Hong Kong
$SOL $ADA $NEAR A 25-year-old entrepreneur from mainland China is reported to have been detained and assaulted at a hotel in Hong Kong, forced to hand over his crypto wallet password, resulting in property damage worth over 6 million Hong Kong dollars (approximately 680,000 USD), according to reports from TVB News. According to information from the police, the victim had arranged to meet several people at the hotel in Hung Hom to discuss a silver trading deal. However, during the meeting, he was attacked and restrained by four men from mainland China.
Chen Zhi is on the run with $1.8 billion in Bitcoin
$BTC Chen Zhi, Chairman of Prince Group in Cambodia, has become the central figure in one of the largest cryptocurrency fraud scandals in history. This week, U.S. authorities imposed sanctions on him for his role in orchestrating large-scale fraud activities known as 'pig butchering' across Southeast Asia, where forced labor camps are believed to have been used to defraud victims worldwide. Data from Arkham confirms the scale of his digital assets: addresses related to Chen hold nearly 15,957 Bitcoin, worth approximately $1.77 billion at current prices.
MYX Finance (MYX) plummets 33%, but TVL reaches a record 27.6 million USD – What is really happening?
$MYX MYX Finance (MYX) has just experienced a strong wave of capital outflow in the past 24 hours, with a total value decrease of about 33% — a noteworthy development after this asset had previously increased by more than 395% last month. However, amid the downtrend, some positive signals have emerged — suggesting that upward momentum may be forming again and opening up opportunities for a new recovery phase of MYX. Core growth remains strong
Bitcoin reaches ATH above 125,000 USD as balances on exchanges drop to a low
$BTC The amount of Bitcoin held on centralized exchanges has dropped to its lowest level in six years, amid prices reaching a new all-time high (ATH). On Sunday morning, Bitcoin hit a new all-time high, surpassing 125,700 USD. The previous peak recorded was 124,500 USD on August 14. After that, the price fell by 13.5% on September 1, but has recovered strongly in the past week as 'Uptober' begins.
5 key reasons why Chainlink may be about to break out strongly
$LINK As the cryptocurrency market is booming and the possibility of Alt Season (finally) approaching, investors' attention is focused on Chainlink (LINK). In the context of increasingly robust blockchain networks, Chainlink plays a central role, connecting major ecosystems. In the past few months, LINK has quietly prepared for a breakout, and there are five main reasons indicating that LINK's price may be ready to surge.
Trader turns 68,700 USD into 9.4 million USD thanks to memecoin “4” on BNB Chain
$4 $BNB An anonymous trader has just created one of the most surprising profit stories of the year, turning 68,700 USD into about 9.4 million USD by betting on a token originating from a hack on social media. According to Lookonchain, a blockchain analytics company, this investor purchased 63.07 million tokens “4” on Binance Smart Chain on October 1 for 68 BNB. Within just two days, the value of the investment increased over 135 times, yielding unrealized profits of about 9.3 million USD. This is a clear testament to the allure and risks of memecoins.
$BTC Bitcoin (BTC) wrapped up September with a 5.35% increase, despite the correction in the last days of the month. On-chain data from Lookonchain shows that whenever September ends in the green, the market often witnesses a 'Pumptober' – a strong breakout phase in October. Right in the first trading session of the new month, Bitcoin has continued to rise. The question arises: will history repeat itself once again, opening the door for a booming growth cycle?
A Chinese woman was sentenced and $6.7 billion in Bitcoin was seized in the UK
$BTC A Chinese national has just been sentenced following an international fraud investigation, leading to what is believed to be the largest seizure of cryptocurrency in the world. The Metropolitan Police (UK) stated that they have recovered 61,000 Bitcoin, worth over £5 billion (approximately $6.7 billion at current prices). Zhimin Qian, also known as Yadi Zhang, pleaded guilty on Monday at Southwark Crown Court to possession and laundering of illicit cryptocurrency.
The probability of a U.S. government shutdown skyrockets, directly threatening crypto ETFs
$XRP $SOL $ADA The likelihood of the U.S. government shutting down has increased to its highest level in many years. According to data from the prediction market Kalshi, there is up to a 73% chance that Congress will not pass the budget bill before the deadline of 10/1. This escalation reflects the prolonged deadlock in Congress along with President Donald Trump's decision to cancel budget negotiations with the Democrats, making the chances of compromise even slimmer.
Expert predicts Bitcoin will experience strong corrections before reaching new highs
$BTC The road to new highs for Bitcoin (BTC) will not be smooth, as significant corrections over 20% will continue to occur, even in the fourth quarter of this year, according to analysis by expert Jordi Visser. Although the fourth quarter is usually a positive period for the cryptocurrency market, this analyst still warns that strong volatility is unavoidable. Visser believes that Bitcoin is currently part of the "AI wave," and compares this cryptocurrency to Nvidia – the high-performance chip manufacturer that has become the most valuable publicly traded company in the world and the first company to reach a market capitalization of $4 trillion. He emphasizes:
U.S. Faces Risk of Government Shutdown, Crypto Market in Turmoil Ahead of 10/1 Deadline
$BTC $ETH $BNB The probability of the U.S. government shutting down has reached a record high on Polymarket, with a 79% chance that lawmakers will not be able to pass a budget package before the October deadline. Bipartisan negotiations are at an impasse, while President Donald Trump has canceled several important meetings, leaving both sides unwilling to compromise. This deadlock is increasing the risk of prolonged disruptions in the operations of many government agencies.
Bitcoin at a crossroads: 60,000 USD or 140,000 USD?
$BTC Bitcoin (BTC) is currently fluctuating around the threshold of 109,444 USD, down more than 12.75% from the record high of over 124,500 USD. This adjustment has divided the market into two opposing viewpoints: one side believes that this is just a familiar setback in the upward trend, while the other warns of signs indicating the beginning of a new bear cycle. So, which scenario is more credible? The model from 2021 suggests the risk of Bitcoin dropping to 60,000 USD
$WLD Worldcoin (WLD) has wiped out nearly 60% of the profits gained in September amid a general pessimistic market sentiment. This volatility occurred after WLD doubled thanks to an announcement from a financial company backed by Tom Lee from Fundstrat. Although the price has risen from $1 to over $2.20, WLD has currently decreased by 60% to $1.20 at the time of writing. In fact, this adjustment has broken important support levels as well as previous highs, and the price movement has shifted to a distinct downtrend.
Is it time to buy the dip in SOL as RSI shows signs of being oversold?
$SOL Over the past week, the price of Solana (SOL) has dropped nearly 20%, leading many investors to question the next trend. However, analysts view this as a golden opportunity to accumulate, as the RSI indicator has reached a rarely seen oversold level. History shows that whenever it falls into this situation, SOL often tends to rebound strongly — it even increased from 155 USD to 250 USD in just a few trading sessions. Will this explosive scenario repeat itself, bringing SOL back on the path to conquer new heights?
Whale sells 9 million USD HYPE to buy Aster, DEX token backed by CZ
$ASTER $HYPE A whale investor purchased 2 million HYPE tokens 9 months ago for 17.4 million USD, with each token valued at an average of 8.68 USD. This investment peaked at 107 million USD but has now decreased to 89 million USD. In the past two hours, this investor sold 201,900 HYPE tokens worth approximately 8.93 million USD and transferred the proceeds to Aster. Nevertheless, the investor still holds about 1.8 million HYPE tokens valued at around 80 million USD.
This is the reason XRP's price is set to increase by 225%
$XRP The price of XRP has seen a sharp decline in recent days, erasing recent gains, which is clearly reflected in its weekly performance. Although the price is facing difficulties, a prediction has attracted significant attention from traders. In a recent analysis shared on platform X, an expert suggested that XRP could record a price increase of up to 225%, sparking lively discussions within the community.
NEAR's price skyrockets – But will the sell-off divert its bullish trend?
$NEAR NEAR Protocol (NEAR) has recorded remarkable growth in the market, thanks to a large amount of liquidity primarily coming from on-chain users. The current market sentiment indicates the potential for another price increase; however, the spot trading segment has not yet aligned with this trend and continues to witness price declines. Growth in on-chain trading volume On-chain trading activity has reached a peak in the last 24 hours. According to data from DeFiLlama, the total value locked (TVL) of the NEAR Protocol has simultaneously increased along with trading volume on DEX.
Can Chainlink collaborate with Awwal Bank to push LINK price to 125 dollars?
$LINK On September 17, Chainlink (LINK) announced that Awwal Bank would adopt their services to develop new generation on-chain applications in Saudi Arabia. This bank is one of the largest financial institutions in Saudi Arabia, with total assets exceeding 100 billion USD. Just a month ago, the network launched the “Data Streams” feature to provide real-time pricing with high throughput for traditional financial products across 37 different blockchains. This series of partnerships and developments has contributed to reinforcing the positive sentiment of investors.
Trump sues New York Times for 15 billion USD, accusing them of damaging his reputation and the TRUMP memecoin project
$TRUMP President Donald Trump has filed a lawsuit against the New York Times for damages of up to 15 billion USD, accusing the newspaper and several reporters of deliberately defaming his reputation as well as harming the TRUMP memecoin project. In a statement posted on Truth Social, Trump accused the New York Times of having a "long history of lies and slander" to support the Democratic Party. He cited the newspaper's open support for Vice President Kamala Harris in the most recent election as clear evidence of bias.
Here’s why Bitcoin could reach 120,000 dollars today
$BTC Bitcoin has traded in a narrow range of 2.3% since last Friday, as investors await the interest rate decision from the Federal Reserve today (17/9). Although the immediate impact of a rate cut on Bitcoin remains unclear, three independent factors are supporting BTC's price increase. A significant decrease in the amount of BTC held on exchanges has become a crucial factor in short-term price formation. According to estimates from Glassnode, in just September, 44,000 BTC were withdrawn, reversing the high deposit trend from July. The reduction in the number of available coins has tightened liquidity, which may limit selling pressure in the near term close to the current price of 116,000 USD.