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BTC $67,361.75 +2.81%
ETH $2,013.97 +4.98%
BNB $629.66 +3.01%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $458.91 +0.48%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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Data: Santiment: The number of addresses holding at least 100 BTC is about to surpass 20,000, and Bitcoin is experiencing "strong hands and weak hands turnover."

The cryptocurrency market research firm Santiment posted on social media that Bitcoin is about to reach a milestone— the number of addresses holding at least 100 BTC is about to surpass 20,000.A wallet holding 100 or more Bitcoins currently has a minimum value of $6.78 million, and these wallets are clearly primarily held by ultra-high-net-worth individuals, funds, long-term holders, or institutions. When this number continues to rise during or after a price decline (as seen recently), it can be viewed as a bullish signal. However, the total supply held by key stakeholders has not shown significant growth, which is also a reason for the continued pressure on prices.If the number of 100+ BTC addresses is increasing, it means that more large holders are diversifying their holdings rather than a few controlling everything. In this sense, it indicates a reduction in concentration at the top. But it also suggests that wealth is concentrating among strong hands compared to small retail wallets. Therefore, this is not a signal of decentralization at the most micro level, but it does indicate that more independent entities are joining the ranks of "whales."Historically, the growth in the number of whale addresses often occurs during accumulation phases, which subsequently supports price recovery. The increase in wallet numbers needs to match the growth in total supply, while retail investors gradually sell their tokens to large wallets. History shows that retail traders eventually panic sell or take profits too early, allowing this phase to materialize.

GoPlus: Polymarket Hacked, Flaws in Off-Chain and On-Chain Transaction Result Synchronization Mechanism

According to disclosures from the GoPlus Chinese community, the prediction market platform Polymarket was hacked due to a design flaw in the synchronization mechanism between off-chain and on-chain trading results in its order system.The attacker manipulated the nonce, causing on-chain matched trades to be canceled or invalidated before execution, while off-chain records remained valid, leading to API false reports that affected trading behaviors of bots like Negrisk, resulting in user losses. The analysis of the attack process is as follows:The attacker submitted/matched large reverse trades with the market-making bot on the Polymarket off-chain orderbook.The attacker constructed transactions with forged/repeated nonces or utilized on-chain nonce competition, causing the on-chain transactions to inevitably revert.The Polymarket API returned "transaction successful" to the bot before on-chain confirmation, leading the bot to believe that the position had been hedged, while the actual on-chain state had not changed.The attacker then executed real on-chain trades to take advantage of the direction exposed by the bot, thus profiting "risk-free."Since the revert occurred at the chain level, Polymarket fees would not explode, making the attack cost controllable and executable continuously.GoPlus recommends that users pause automated trading tools, verify on-chain trading statuses, enhance wallet security, and closely monitor official announcements from Polymarket.

Consensys founder: Remains optimistic about the long-term development of the crypto space, ETH has stronger functional demand compared to BTC

According to Crowdfund Insider, Joseph Lubin, founder and CEO of Consensys and co-founder of Ethereum, recently shared his views on the current state and future trajectory of the cryptocurrency market during an interview in Hong Kong. Lubin expressed a cautiously optimistic outlook. He emphasized that the digital asset economy is continuously evolving, driven by functional utility rather than pure speculative forces.When discussing Bitcoin, Lubin believes it should not be viewed as a traditional safe-haven asset at this stage. He described the broader crypto landscape as still resembling a "startup ecosystem," suggesting that positioning Bitcoin as a secure store of value amidst current developmental challenges may be premature. In contrast, he highlighted that Ethereum's native cryptocurrency, ETH, has a stronger functional demand.Lubin believes that the practicality of ETH in driving decentralized applications, smart contracts, and broader ecosystem activities gives it an advantage in real-world adoption compared to Bitcoin's main narrative. He emphasized Ethereum's enduring importance in the evolving financial infrastructure.He pointed out that institutional participation is deepening, with major banks, trading platforms, and financial networks increasingly building on Ethereum-based technologies and layer two scaling solutions. He stated that this momentum at the institutional level indicates that even amid market fluctuations, Ethereum is transitioning towards becoming the next-generation financial foundation.Overall, Lubin's remarks reflect confidence in Ethereum's long-term potential under short-term market pressures. He portrayed the ecosystem as resilient and innovative, with tools like Ethereum and MetaMask poised to drive meaningful progress in the digital economy.
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