Bitcoin fell below $30,000 again. The Federal Open Market Committee (FOMC) interest rate decision of the Federal Reserve in July was released on Wednesday. The market bet that the probability of resuming the 25 basis point rate hike reached 99%, which means that short-term funds will temporarily return to the US dollar to buy, thereby suppressing the Bitcoin market. China seized the encrypted wallet of Zhao Jun, the founder of Multichain, earlier this month, but found on Sunday that the wallet's assets of more than 100 million US dollars had been transferred to other addresses.
According to Wu Blockchain’s tweet, Zhao Jun, the founder of decentralized trading platform Multichain, has transferred crypto assets worth more than $100 million to a new address. The EOA address controlled by him transferred funds again on Sunday. Initially withdrawing 299.3 FTM transaction fees from Huobi, he then transferred 64 million USDT, 13,000 WETH, 11.9 million DAI, and 52 BTC to the new 0x632085aa7924df37f64950c58b9fe5d9fdba80ef address.
The amount of Ethereum involved was about $24 million, and the transferred Bitcoin was worth $1.5 million. On July 14, Multichain released a report stating that Zhao Jun's sister transferred the remaining user assets in the pool on July 9, 2023 after discovering the anomaly. The last fund transfer is believed to have been made by Zhao Jun's sister, who had access to the founder's encrypted account.
Multichain’s MULTI token experienced a sharp drop in the early hours of Monday morning, hitting $1.59 at one point before rebounding to $1.89, a drop of 6.90%.
A New York judge made a summary judgment last week, finding that Ripple is not a security. Lawyers from the SEC submitted new documents last Friday, firmly opposing the judicial decision, emphasizing that Ripple clearly violated securities laws, and are considering appealing the case again. This means that the regulatory scope of Ripple, Ethereum, etc. has once again fallen into new controversy, which is worth the market's continued tracking.