A man who described himself as an "ordinary programmer and entrepreneur" destroyed and donated about $7 million of Ethereum as a protest and personal statement against what he described as a long-term experience of being watched and manipulated by a "brain control organization". Now, crypto Twitter users are trying to access his remaining funds. The user, who identified himself as Hu Lezhi, sent around 2,553 ETH (worth around $7 million) through multiple transactions over the past week.
Eugene F. Fama, a Nobel laureate in economics who has been hailed as the "father of modern finance", predicted on the Capitalisn't podcast that bitcoin would go to zero within 10 years. He argued that a blockchain-based financial system requires too much computing power to be sustainable. He said cryptocurrencies violate the basic rules of a medium of exchange and their value is highly volatile. He also questioned bitcoin's positioning as "digital gold", arguing that it would be worthless withou...
On January 16th, Coingecko data showed that SOL has regained its position as the fifth largest cryptocurrency by market capitalization, surpassing BNB. The current market capitalization of SOL is about 104.60 billion US dollars, and the market capitalization of BNB is about 104.30 billion US dollars.
US President-elect Donald Trump has announced the latest nominations for three positions in the new administration, among which former Fox News contributor Tammy Bruce will serve as the State Department spokesperson. Since winning the US presidential election in November 2024, Trump has announced his cabinet nominations one after another, and the list of key positions has been released. Next, this long list only needs to be confirmed by the Senate. The US Constitution stipulates that the preside...
On December 26, local time on the evening of December 25, Yemen's Houthi rebels issued a statement saying that they carried out two drone attacks on Israeli targets. The first attack targeted a "sensitive key facility" in the Jaffa area south of Tel Aviv, and the drone successfully hit the target; the second attack targeted the industrial area in Ashkelon, which was also "successful".
On December 23rd, US President-elect Trump announced the nomination of Sriram Krishnan as the next senior policy advisor on artificial intelligence in the White House Office of Science and Technology Policy. Trump said in a statement that Sriram Krishnan will work closely with David Sachs to focus on ensuring continued US leadership in artificial intelligence. Previously, in November, Sriram Krishnan, a general partner at a16z, announced that he would step down at the end of the year.
A French user who identified himself as Théo, a former US banker who bets on multiple accounts, has bet more than $30 million on the Polymarket platform to support Mr. Trump's 2024 election, saying the move was "apolitical" and purely for profit. If Mr. Trump wins, he will earn more than $80 million; if Harris wins, he will lose most of his money. The investment is almost all of his current assets.
Praxis, a project that claims to be the world's first "cyber nation," announced on Tuesday that it has received $525 million in funding to build a tech frontier city to support the development of crypto, artificial intelligence, energy and biotechnology. According to the announcement, the fundraising participants include Arch Lending, GEM Digital, Manifold Trading, etc. New angel investors include Dan Romero (CEO of Farcaster), Tom Schmidt (General Partner of Dragonfly), Rob Hadick (General Part...
On September 1st, the DOGS official posted on the Telegram channel that for users who have not yet applied for tokens, two new application options will be added to the app tomorrow: Faster withdrawals require a small fee in the form of DOGS. Withdrawals are slower, but there are no fees. Users can choose the most suitable way to receive DOGS, which will accelerate the process with less blockchain load.
The GOAT Network, which claims to be the "first Bitcoin Layer 2 with shared network ownership," has released its economic model. According to the team: "The briefing outlines the GOAT Network's economic model, revealing how its BTC Layer 2 addresses challenges in terms of security and limited BTC revenue, and leverages a decentralized sorter framework with shared rewards to generate sustainable BTC gains in BTC numeraire for BTC holders." GOAT Network said: "GOAT Network uses decentralized sorte...
On July 30th, Bill Zanker, the founder of The Learning Annex and a self-proclaimed long-time friend of former US President Donald Trump, revealed in an interview that Trump has been interested in cryptocurrencies for the past two years. Zanker explained that he first proposed the idea of issuing an NFT to Trump two years ago, but Trump was hesitant at first. It was not until December 2022 that Zanker proposed the idea again that Trump agreed. This inspires...
Nigerian police have confirmed the arrest of self-proclaimed cryptocurrency billionaire Linus Williams, also known as Blord. Williams faces charges related to cyber fraud, terrorist financing and breaches of the Central Bank of Nigeria (CBN) Act. A police spokesperson said some of Williams' charges involved fraudulent activities using cryptocurrencies. Specifically, he ran a trading platform that used naira to buy stablecoins USDT and bitcoin, which violated the country's laws.
Market News: Self-proclaimed Bitcoin creator Craig Wright has been handed over to UK prosecutors on suspicion of perjury. Previously, the British High Court has approved the issuance of a global freezing order (WFO) against Craig Wright, freezing the amount of 1.548 million pounds (about 1.98 million US dollars).
Sun Yuchen posted on the X platform claiming that "low-end version of Musk" intends to consider acquiring Weibo. He said that Weibo's current market value is indeed not high, 2 billion US dollars, and it earns 300 million US dollars a year. The price-to-earnings ratio is only 6 times, and the moat is OK. The traffic is very large. In the future, this can also incubate other businesses. At the same time, he asked the community how to acquire and prosper and build together.
American rapper CurtisJamesJacksonIII (stage name "50Cent") claims that his X (formerly Twitter) account and website were hacked, causing hackers to promote a cryptocurrency gouge and sell tokens, defrauding victims of $300 million. Hackers created a new crypto token "GUNIT", using 50Cent's large following (about 12.90 million fans) to attract more investors and drive up the price, then depleted its value, the token price plummeted to $0.00016. June...