BTC $80,913.12 -2.96%
ETH $2,359.06 -5.78%
BNB $719.94 -2.98%
XRP $1.31 -4.77%
SOL $102.16 -4.50%
TRX $0.3318 -0.45%
DOGE $0.0801 -4.76%
ADA $0.2216 -5.59%
BCH $263.45 -5.30%
LINK $12.07 -6.45%
HYPE $79.13 -3.03%
AAVE $149.13 -7.12%
SUI $0.9793 -6.96%
XLM $0.1795 -5.13%
ZEC $1,087.82 -12.22%
AAPL $345.89 +0.88%
AMZN $249.72 -4.07%
GOOGL $345.01 -3.75%
MSFT $531.20 -2.96%
META $730.30 -4.11%
NVDA $217.87 -4.38%
TSLA $362.17 -3.40%
SNDK $1,339.78 -7.37%
INTC $94.60 -6.54%
SPCX $148.47 -5.49%
MU $875.30 -6.97%
AMD $553.94 -7.32%
BTC $80,913.12 -2.96%
ETH $2,359.06 -5.78%
BNB $719.94 -2.98%
XRP $1.31 -4.77%
SOL $102.16 -4.50%
TRX $0.3318 -0.45%
DOGE $0.0801 -4.76%
ADA $0.2216 -5.59%
BCH $263.45 -5.30%
LINK $12.07 -6.45%
HYPE $79.13 -3.03%
AAVE $149.13 -7.12%
SUI $0.9793 -6.96%
XLM $0.1795 -5.13%
ZEC $1,087.82 -12.22%
AAPL $345.89 +0.88%
AMZN $249.72 -4.07%
GOOGL $345.01 -3.75%
MSFT $531.20 -2.96%
META $730.30 -4.11%
NVDA $217.87 -4.38%
TSLA $362.17 -3.40%
SNDK $1,339.78 -7.37%
INTC $94.60 -6.54%
SPCX $148.47 -5.49%
MU $875.30 -6.97%
AMD $553.94 -7.32%

fun

All
Article
Flash

first_img Sahil Arora issued the Mayweather celebrity coin at Fomo, stating that it will replicate the Pump.fun model

According to Decrypt, the controversial promoter Sahil Arora, who launched a series of celebrity meme coins in 2024, is back at it again. His latest issuance, the Floyd Money Mayweather token, has been launched on the Solana trading platform Fomo, and Mayweather's social media account once promoted it. The token's market cap peaked at $1 million, but then plummeted 96% within three hours on Wednesday. According to information from various social media accounts, before Mayweather's account deleted the promotional post, the deployer's wallet had only cashed out about $5,000 in profit, and the token subsequently surged to a market cap peak of $1 million.Arora told Decrypt that the entire scheme was carefully planned, and the narrative of Mayweather missing out on profits actually drove up the token price. Fomo integrates social media elements, allowing users to see who is buying and selling, making it easy to create viral spread. Arora claims to have made seven figures in profit on the Mayweather token through other wallets, but on-chain analysis firm Bubblemaps believes this is unrealistic: the largest associated wallet cluster made about $105,000 in profit, and the top 100 traders collectively made only $306,000 in profit.Arora stated that he will replicate all his operations from 2024 on Pump.fun on Fomo, but with better strategies to allow participants to profit as well. He claims to have close relationships with all collaborating celebrities, making it very easy to persuade them to participate.

Qian Zhiming's 40 billion illegal fundraising case update: the prosecution has applied to confiscate over 61,800 bitcoins and other assets, and the court has accepted the case

According to a report by The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fundraising and more than 60,000 bitcoins, has seen new developments in domestic judicial procedures. The Tianjin Second Intermediate People's Court announced that it has accepted the Tianjin People's Procuratorate Second Branch's application to confiscate the illegal gains of the suspect Qian Zhimin as of September 28.According to the property confiscation list published by the Tianjin Second Intermediate Court, in addition to bitcoins, the involved virtual currencies also include 72,745.79502 bitcoins cash, 72,745.78555 bitcoins gold, 72,745.7845 bitcoins Satoshi Vision, 3,605,989.9995 ripples, and 70,081,208.62553222 dogecoins (which have been converted and deposited into an interest-bearing account by British judicial authorities). Additionally, the confiscated assets also include cash in US dollars, euros, and British pounds, jewelry, as well as bank balances and investment portfolios.The Tianjin People's Procuratorate Second Branch believes that Qian Zhimin is suspected of fundraising fraud, and after fleeing, he has been wanted for a year without appearing in court. There is evidence proving that over 61,800 bitcoins and other assets seized in the UK belong to illegal gains and their proceeds, and should be recovered along with the transformed and converted properties and proceeds, except for those legally returned to the harmed fundraising participants, which should be confiscated.

first_img Binance VIP Head: Traditional hedge funds are actively exploring arbitrage opportunities on cryptocurrency platforms

Catherine Chen, the head of VIP and institutional business at Binance, stated in an interview with The Block during Token2049 that traditional hedge funds, which previously took a wait-and-see approach, are now showing a stronger interest due to the emergence of arbitrage opportunities related to traditional financial instruments such as cash stocks and perpetual contracts on crypto platforms.She pointed out that the improvement in market depth, combined with 24/7 trading and weekend price discovery mechanisms, makes these opportunities more realistic. She also mentioned that when the same tools are offered on second- and third-tier platforms or in DeFi venues, liquidity often falls short of hedge funds' needs. However, she emphasized that this process is still in its early stages and does not expect a surge in capital inflows overnight, with the next 12 to 18 months being worth close attention.Similar changes are happening on the other side of the market. Chen indicated that their crypto-native clients are incorporating more tools linked to traditional financial products to build hybrid investment portfolios. The data she cited showed that the scale of Binance's cash stock assets has increased from about $800 million to $900 million to $1.4 billion, while the trading volume of traditional financial perpetual contracts has risen from about $20 billion to $30 billion per month when launched at the beginning of this year to about $400 billion every 30 days. She believes that tokenization and cross-asset trading are still in their early stages, and regulatory clarity will determine the ultimate integration of traditional and crypto trading more than the product offerings of a single platform.
app_icon
ChainCatcher Building the Web3 world with innovations.