SharpLink Seemingly Bought All Previously Raised $200 Million in ETH
According to on-chain analyst Yu Jin's monitoring, 10 hours ago, a new wallet withdrew 52,809 ETH ($220 million) from Coinbase Prime and then distributed it to 8 wallets for Ethereum staking, among which one address is a known address of SharpLink (SBET). SharpLink sold stocks and raised $200 million last Friday, so it is very likely that they bought ETH with these funds over the weekend. If the speculation is correct, SharpLink (SBET)'s latest ETH holdings have reached 621,000, valued at $2.65 billion, with an average purchase price of approximately $3,226.
1inch Team Investment Fund Sells Part of ETH and 1INCH, Realizing $8.36 Million Profit
According to on-chain analyst Yu Jin's monitoring, the 1inch team investment fund started selling previously purchased ETH and 1INCH on-chain. They have sold 5,000 ETH at an average price of $4,215, converting to 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28, converting to 1.8 million USDC. The ETH and 1INCH sold today have realized a profit of $8.36 million. The ETH was bought in February at $2,577 per ETH, spending 28.85 million USDC for 11,198 ETH; the 1INCH was bought in July at $0.253 per token, spending 15.65 million USDC for 61.76 million 1INCH.
According to Onchain Lens monitoring, a whale/institution has again increased ETH holdings by 49,533 ETH from Galaxy Digital and FalconX, valued at $210.68 million. Currently, this whale holds 221,166 ETH, valued at $940.73 million, distributed across 6 different wallets. Previously, this whale/institution accumulated over 170,000 ETH in the past 4 days, approximately $670 million.
An Ethereum Developer Allegedly Detained in Turkey for Suspected "Abuse" of Ethereum
According to BeInCrypto, an Ethereum developer named "Fede's Intern" was detained in Izmir, Turkey, for allegedly helping others "abuse" Ethereum. In a post on X, the developer stated that authorities accused him of assisting in this activity. "Fede's Intern" denied any wrongdoing and emphasized that he and his team are "just infrastructure builders" and are willing to cooperate with authorities. During the "detention", he intermittently posted updates, saying he was moved to a private room and provided food. He also claimed that arrangements were being made for him to leave Turkey for Europe on a private plane within hours. Upon arriving in Europe, he will continue to contest the allegations with his legal team.
Treasury Secretary: Leading the Search for Powell's Successor
According to CCTV News, on August 10 local time, US Treasury Secretary Becent stated that he is leading the search for a successor to Federal Reserve Chairman Powell.
TRM Labs: Ransomware Group Embargo Transferred $34 Million in Crypto Since April
According to Cointelegraph, blockchain intelligence company TRM Labs stated that a ransomware organization called Embargo has transferred over $34 million in ransom-related cryptocurrency since April. Embargo currently has about $18.8 million in cryptocurrency stored in non-associated wallets, which experts believe may be a strategy to delay detection or utilize 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 United States, possibly due to their stronger payment capabilities. TRM's investigation suggests that Embargo might be a renamed version of the notorious BlackCat (ALPHV) organization, which disappeared earlier this year amid a suspected exit scam. The two organizations 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 to leak sensitive data if the victim does not pay. In some cases, the organization publicly names or leaks data on their website to increase pressure.
According to Cointelegraph, SatoshiLabs founder Alena Vranova warned that mugging, physical attacks, and kidnappings targeting Bitcoin and cryptocurrency holders are increasingly common. "Every week, at least one Bitcoin holder worldwide is kidnapped, tortured, extorted, and sometimes faces even more severe consequences." She warned that even small cryptocurrency investors could become targets of violent criminals. "Problems that seem to only happen to Bitcoin OG investors are not the case. We've seen people kidnapped for $6,000 in cryptocurrency and murdered for $50,000 in cryptocurrency." She added that over 80 million Bitcoin and cryptocurrency users' identities are leaked online, with 2.2 million including home addresses. She noted that these attacks are correlated with Bitcoin prices and increase in frequency during bull markets.
According to Decrypt, US and Israel-based Koi Security reported that the Russian hacker group GreedyBear used 150 "weaponized Firefox extensions", nearly 500 malicious executable files, and "dozens" of phishing sites to steal over $1 million in cryptocurrency in the past five weeks. Koi's CTO Idan Dardikman stated that the Firefox attack campaign is "by far" their most profitable attack vector, with most of the $1 million earnings coming from this method. The strategy involves creating fake versions of widely downloaded crypto wallets like MetaMask, Exodus, Rabby Wallet, and TronLink. Hackers use Extension Hollowing to bypass market security measures, initially uploading non-malicious versions of extensions, then updating the applications with malicious code. The organization also posts fake reviews to create an illusion of trust and reliability. Once downloaded, the malicious extensions steal wallet credentials for cryptocurrency theft. Another major attack method involves nearly 500 malicious Windows executable files added to Russian websites distributing pirated or repackaged software. These executable files include credential stealers, ransomware, and trojans.
According to The Block, LayerZero Foundation proposes to acquire the Stargate cross-chain bridge and its STG Token for $110 million. According to the proposal terms, STG Token will be discontinued, 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 resources for Stargate 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 engage more deeply with LayerZero."
Token Unlocks data shows that APT, ARB, AVAX and other tokens will face large unlocks next week, including: Aptos (APT) will unlock approximately 11.31 million tokens at 8 AM Beijing time on August 12, representing 2.20% of current circulation, valued at around $52.1 million; Arbitrum (ARB) will unlock about 92.65 million tokens at 9 PM Beijing time on August 16, representing 2.04% of current circulation, valued at around $41.9 million; Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on August 15, representing 0.51% of current circulation, valued at around $39.2 million; Sei (SEI) will unlock about 55.56 million tokens at 8 PM Beijing time on August 15, representing 1.21% of current circulation, valued at around $17.5 million; Solayer (LAYER) will unlock approximately 27.02 million tokens at 10 PM Beijing time on August 11, representing 9.51% of current circulation, valued at around $17 million; Starknet (STRK) will unlock about 127 million tokens at 8 AM Beijing time on August 15, representing 5.98% of current circulation, valued at around $16.8 million; io.net (IO) will unlock approximately 13.29 million tokens at 8 PM Beijing time on August 11, representing 6.51% of current circulation, valued at around $8.3 million; peaq (PEAQ) will unlock about 84.84 million tokens at 8 AM Beijing time on August 12, representing 7.03% of current circulation, valued at around $5.6 million; BounceBit (BB) will unlock approximately 42.9 million tokens at 8 AM Beijing time on August 11, representing 6.36% of current circulation, valued at around $5.4 million.
Huajian Medical Launches "Global Enhanced Ethereum (ETH) Vault" Strategy
Huajian Medical (01931.HK) announced that the group's latest strategic upgrade and enhancement measure - as approved by the board of directors - is the formal launch of the "Global Enhanced Ethereum (ETH) Vault Strategy with Downside Protection Mechanism" (Ethereum (ETH) Vault Strategy).
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), again posted Bitcoin Tracker information on X platform, potentially disclosing additional purchases next week, stating: "If you don't stop buying Bitcoin, you won't stop making money."
Whale AguilaTrades Starts Shorting ETH with 25x Leverage 20 Minutes Ago
According to on-chain analyst Yu Jin's monitoring, whale AguilaTrades has started shorting ETH, initiating a 25x leveraged short on ETH 20 minutes ago, currently executing the short sale using a TWAP (Time-Weighted Average Price) order, with the order indicating he will complete a short of 10,000 ETH ($42 million) in 3 hours.
David Sacks, White House AI and Cryptocurrency Chief, expressed dissatisfaction on X platform about multiple US banks still blocking or limiting Bitcoin ETF access on their wealth management platforms, writing: "Why do top US banks still prohibit or restrict access to Bitcoin ETFs on their wealth management platforms? Is this the last trace of 'de-banking'?"
Analyst: ETH Price Target Now $20,000, May Reach New High in 1-2 Weeks
According to Cointelegraph, after ETH broke through $4,000 for the first time since late 2024, market sentiment has again risen. Analyst Merlijn stated that ETH's price upward channel has been opened, with the current highest target price potentially set at $20,000. Additionally, trader BitBull noted that driven by massive short squeezes and institutional buying, ETH reaching a new historical high is more likely, with a potential new historical high appearing in 1-2 weeks if the weekly closing price is above the $4,100 range.
