belong

According to Lookonchain monitoring, 4 hours ago, 3 newly created wallets are suspected to belong to a certain whale, withdrawing 4,303 ETH from Kraken, worth 8.67 million dollars.

The Wall Street Journal published an article pointing out that although the GENIUS Act and the CLARITY Act are promoting the compliance of stablecoins, the essence of stablecoins still belongs to "private currency," which may pose structural risks to the financial system.The article notes that stablecoins aim to combine the stability of the US dollar with the efficiency of blockchain payments, but because they operate on fragmented, privatized infrastructure, they do not possess the unity of the traditional US dollar system. Although USDT and USDC are pegged to the dollar, their prices may still deviate from 1 dollar.In addition, there is an incentive for stablecoin issuers to enhance returns by allocating high-risk, low-liquidity assets. If the value of these related assets declines, it could trigger de-pegging and concentrated redemption risks. The article cites Chainalysis data stating that stablecoins account for 84% of illegal activities in cryptocurrency, mainly involving sanctions evasion and money laundering, while real economic payment scenarios account for less than 1%.The Wall Street Journal believes that stablecoins are replaying the path of private currency experiments from the "Free Banking Era" in 19th century America, and in the future, they may need to accept stricter regulation like banks and integrate more deeply into the central bank system.

According to Cointelegraph, the Commodity Futures Trading Commission (CFTC) submitted an amicus brief to the U.S. Court of Appeals for the Sixth Circuit in support of Kalshi's appeal in its lawsuit against Ohio, arguing that prediction markets should be under the jurisdiction of the CFTC.The CFTC pointed out that Ohio's previous request for Kalshi to cease offering sports event contracts constitutes "jurisdictional overreach." The CFTC stated that if state governments can restrict sports event contracts traded on designated contract markets (DCM), their long-term regulatory authority over event contracts, swaps, and binary options markets could be affected. The outcome of this case will also impact prediction market platforms such as Kalshi and Polymarket.

On May 5, the Hong Kong High Court approved the application of the Department of Justice to issue an injunction against 42 individuals and companies, including Chen Zhi, the founder of the Prince Group, who are suspected of operating a scam park in Cambodia, freezing a total of HKD 8.938 billion in assets. The frozen assets include deposits in bank and securities accounts, stocks, and properties. Among them, Chen Zhi's personal assets in Hong Kong exceed HKD 6.36 billion. Zhou Yun, who assists in managing his assets, has total assets exceeding HKD 2 billion, and her personal accounts hold the equivalent of HKD 15.92 million in Hong Kong dollars, euros, and Bitcoin. In addition, related personnel from the Prince Group, Hu Xiaowei and Li Tian, have approximately HKD 400 million and HKD 172 million in assets frozen, respectively. The court will reconvene on August 3 to decide whether to extend the injunction.

According to on-chain analyst Ai Yi (@ai 9684xtpa), two new addresses suspected to belong to the same person have accumulated 985.92 PAXG, worth 5.014 million USD; the accumulation times of the two addresses are close, and both have made small transfers of ETH to another new address.

According to on-chain analyst Ai Yi's monitoring, two addresses have now accumulated long positions of over 95,000 ETH, with a total value of 190 million USD, ranking first and second in Hyperliquid ETH long positions. The margin for both addresses was bridged from the Tron network to Arbitrum, and their trading methods and timing are similar, suggesting they may belong to the same whale or entity.Address 0xa5B...01D41 (0xa5B...01D41) is the largest long position in Hyperliquid ETH, having opened a long position of 60,000 ETH yesterday, valued at 120 million USD, with an opening average price of 2059.8 USD, currently facing an unrealized loss of 3.12 million USD.Address 0x6C8...D84F6 (0x6C8...D84F6) has deposited 21.798 million USDC as margin to Hyperliquid in the past 3 hours, and then opened a 20x long position of 35,164.2 ETH, valued at 70.5 million USD, with an opening average price of 2044.11 USD, currently facing an unrealized loss of 1.245 million USD.

According to on-chain analysts, two addresses have withdrawn funds from the Tron network to go long on Ethereum, accumulating over 95,000 ETH, with a total value of approximately $190 million, becoming the first and second largest holders of ETH long positions on the Hyperliquid platform.Address 0xa5B...01D41 holds a long position of 60,000 ETH (approximately $120 million), with an opening price of $2,059.8, currently facing an unrealized loss of $3.12 million; address 0x6C8...D84F6 deposited 21,798,000 USDC as margin to Hyperliquid in the past 3 hours, subsequently opening a long position of 35,164.2 ETH with 20x leverage (approximately $70.5 million), with an opening price of $2,044.11, currently facing an unrealized loss of $1.245 million. Both addresses' margins were transferred from Tron to Arbitrum via a cross-chain bridge, with similar operational methods and timing, suspected to belong to the same entity.

According to monitoring by The Data Nerd, in the past 24 hours, four addresses (0xb22...3DDa, 0x7B4...D4A4, 0xbfB...6E0a, and 0x7E7...1565) that may belong to the same whale or institution transferred all their LINK holdings to a multi-signature wallet, with a total value of approximately $12.54 million.

According to on-chain analyst Ai Yi's monitoring, three addresses suspected to belong to the same whale or entity redeemed assets from Lido and Eigenlayer in the past 4 hours and exchanged them for ETH, subsequently transferring 7,653 ETH, worth 21.62 million USD, to the same Binance deposit address.These ETH were purchased at an average price of 2,476 USD between May 2023 and July 2025. If sold, it would yield a profit of 2.668 million USD, but the profit has retraced nearly 69% compared to the peak value of ETH.

According to Onchain Lens monitoring, a newly created wallet received 14,959 ETH from BitGo, worth 48.42 million dollars. The wallet likely belongs to Bitmine.

According to on-chain analyst Yu Jin's monitoring, an institution, likely Polychain Capital, accumulated 4.114 million PENDLE (worth $12.26 million) at an average price of $2.98 from March to September. All of these PENDLE were transferred to FalconX eight hours ago, but the current PENDLE price has dropped to $2.19. This means these PENDLE have incurred a loss of $3.25 million.

According to on-chain analyst @ai_9684xtpa's monitoring, the addresses 0x263...c57BF and 0x6B7...b36db, which may belong to the same entity/whale, accumulated 417,000 LINK at an average price of $22.71 between December 2024 and February 2025. After holding the tokens for 10 months, they transferred 376,000 LINK to Binance through an intermediary address, which would result in a loss of $3.99 million if sold.

Binance Alpha will launch Belong (LONG). Trading will start on November 6, 2025, at 18:00. After the trading starts, users holding at least 225 Alpha points can claim an airdrop of 175 LONG tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will consume 15 Binance Alpha points.

Binance Alpha announced that it will launch the airdrop event for Belong (LONG) and UnifAI Network (UAI) on November 6.

ChainCatcher news, the high-performance L1 ValueChain incubated by SoSoValue has officially launched its mainnet, and its high-performance trading sub-chain SoDEX will simultaneously open whitelist applications to global users. The platform token $SOSO will also be fully upgraded to a mainnet native Gas and governance token. According to official information, SoDEX currently achieves a performance of 100,000 TPS. The architecture of this high-performance trading chain has two distinctive features:SoDEX achieves a truly decentralized matching architecture through the distributed deployment of a matching engine across different validating nodes. This makes SoDEX one of the very few trading systems in the industry that can truly put the matching logic entirely on-chain, consistent with the Hyperliquid technical path, but achieving higher scalability and modular design at the architectural level.SoDEX supports Spot and Perps through two independent high-performance trading sub-chains, using an EVM sub-chain as the account system, and structures multiple high-performance sub-chains on the consensus layer of ValueChain, thereby supporting various assets such as crypto-native assets and RWA. It provides users with a trading experience for spot and perpetual contracts comparable to centralized exchanges; each transaction can be queried in real-time on the block explorer, achieving a trading experience on-chain that combines security, high performance, and transparency.The Mirror Protocol infrastructure system reuses the SoSoValue Indexes Protocol, adopting a solution that combines third-party custody and Bridge to enhance the security of multi-asset cross-chain transactions.According to on-chain data, the SoDEX testnet has attracted over 400,000 sign-ups, with 40,000 users qualifying for the testnet whitelist, and an average daily on-chain order volume of 3.9 million. Currently, over 80,000 users have signed up for the mainnet early bird whitelist. The official announcement states that SoDEX has opened Closed Alpha whitelist applications and will distribute airdrop rewards to users who participate in Closed Alpha trading activities and earn points in early 2026. Users can apply for the whitelist at the official website sodex.com. The SoSoValue crypto research platform has over ten million registered users globally, with a vision to enable the general public to participate in crypto investments simply and equally, enjoying the long-term growth dividends of the crypto industry.

According to ChainCatcher news, as reported by Bitcoin News, today 15,965 bitcoins related to sanctioned wallets were transferred, still controlled by the leader of the criminal group Prince Group, Chen Zhi, marking the first on-chain transfer after three years.It is worth noting that this portion of bitcoins does not belong to the 127,000 BTC that the United States announced last week it had seized from its operations.

ChainCatcher message, according to Onchain Lens monitoring, two newly created wallets (0x3c7...9acD and 0x591...1df0) received 45,814 ETH from FalconX, worth $178 million, or belonging to Bitmine.