mintyq

@mintyq

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For the first time, the Pakistani government has set up a special assistant to the Prime Minister for crypto and blockchain affairs, with Bilal Bin Saqib, an adviser to the Minister of Finance and Executive Director of the Cryptographic Commission. He also serves as a consultant to World Liberty Financial, an encryption project supported by the Trump family. Bilal graduated from the London School of Politics and Economics and was awarded the MBE Medal by the King of England. In April this year, Zhao Changpeng, former CEO of Binance, also joined the Pakistan Encryption Commission as a consultant.

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Cardone Capital, a real estate investment company, launched 10X Miami River Bitcoin Fund, a dual-asset fund containing 346 multi-family residential commercial real estate and values on the banks of Miami, Florida. Bitcoin worth $15 million. The fund will convert part of its monthly cash flow into bitcoin. Grant Cardone, founder and CEO of Cardone Capital, said that the company's long-term goal is to accumulate $1 billion in real estate assets and $200 million in Bitcoin reserves in hybrid funds.

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Fifth, whitelist + third-party compliance supervision and custody, using regulatory endorsement to handle funds, or become a "model student" in industry compliance, but it is difficult to escape public opinion controversy; Sixth, whitelist + DeFi fund long-term compensation mechanism, which transforms victims into beneficiaries, but there is uncertainty in implementation; Seventh, maintain the status quo permanently Freeze, realize the "deflation" of SUI assets; Eighth, the time difference arbitrage strategy, delay the problem and attract funds at a low level in the market, choose the opportunity to solve and pay. These plans have their own advantages and disadvantages, and the final solution needs to be disclosed by the Sui Foundation.

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The slow fog team released an analysis of the Cetus theft incident. The attacker used the overflow of the checked_shlw function to detect defects, borrowed haSUI through lightning loans, manipulated the price and exchanged huge liquidity at the cost of only one token, making a profit of about $230 million, including SUI, vSUI, USDC and other assets. The attacker linked some funds (USDC, SOL, etc.) to the EVM address through Sui Bridge and so on. And deposited $10 million in Suilend's assets, and $162 million of stolen funds have been frozen by the SUI Foundation. Cetus has fixed the vulnerability, and Slow Fog recommends that developers strictly verify the boundary conditions of mathematical functions.

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U.S. President Trump used the presidential badge podium at the private dinner of the Meme coin TRUMP holder, or was suspected of violating Article 713 of Volume 18 of the United States Code. The law prohibits the use of the president's badge in a way that implies government endorsement, and violaters may be sentenced to 6 months in prison or a fine. Legal experts pointed out that the U.S. president's badge can only be used on official occasions. Previously, Obama, Biden and other successive presidents have not used the logo in private business activities. The White House has not yet replied to the media's question about the legality of the use of badges.

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Sui Ecological DEX Project Cetus issued an on-chain white hat agreement proposal to the attacker, willing to provide 2,324 ETH (about 6 million US dollars) as a reward, provided that the stolen funds are returned, and the rest will no longer be held accountable. The team said that it has cooperated with law enforcement agencies and anti-cybercrime organizations to track funds and propose potential emergency mechanisms in GitHub to restrict attacker transactions. Cetus suffered attack losses of more than $22 million yesterday, of which about $162 million have been frozen.

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SOON released the latest economic model of its token SOON, with a total of 1 billion tokens. The specific distribution is: community incentive 51% (including NFT airdrop, copy incentive, early participants, user tasks, etc.), ecological construction 25%, airflow liquidity support 8%, foundation 6%, team and co-builders 10%. The token is initially on the Solana and BNB Chain chains. At the same time, Soon's live copy product Simpfor fun V2 is officially launched, which supports one-click copying of smart money address transactions on Hyperliquid, including James Wynn addresses.

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According to the United Morning Post, the latest survey report of the crypto exchange Independent Reserve shows that Singaporeans's awareness of cryptocurrencies has risen to 94%, a record high, but the actual holding rate has dropped from 40% last year to 29%. According to the survey, Bitcoin is still the most popular crypto asset. 68% of cryptocurrency investors hold Bitcoin, and 86% believe that it has monetary attributes or investment value. In terms of investment methods, 61% of investors tend to hold cryptocurrencies directly rather than invest through exchange-traded funds (ETFs). The survey was conducted in February this year and covered 1,500 respondents.

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According to ZachXBT, hackers suspected of stealing Coinbase user data exchanged about $42.5 million BTC into ETH through Thorchain and left messages on the chain to provoke. The transaction hash is 0x18c909a8438d. 94e88a434521ee9fc143c8777452fbecb09b034b8fd049d6477f. Previously, hackers obtained nearly 97,000 user information by bribing customer service. Coinbase refused to pay a ransom of $20 million and offered a reward to trace their identity.

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According to Bloomberg, crypto investment company Theta Capital Management announced that it would raise more than $175 million in financing for a fund. The fund is called Theta Blockchain Ventures IV, which will focus on investing in venture investors in the field of encryption and indirectly supporting early blockchain start-ups. Specific investment details have not been disclosed.

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Wu said that it was learned that Apex Group, a financial service provider, announced the acquisition of a majority stake in Tokeny, an enterprise-level tokenization solution provider, and plans to achieve a 100% control within three years, after the two sides had established a strategic cooperative relationship in December 2023. Apex said that this move aims to promote the wide application of tokenization in the field of institutional finance and integrate Tokeny's technology and teams into its digital infrastructure to improve the efficiency of asset management and distribution.

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According to Bloomberg, Genesis Global Capital, a crypto lending agency, sued its parent company Digital Currency Group (DCG) to recover more than $1 billion in the year before filing for bankruptcy. Move. Genesis filed a lawsuit in the Southern District Bankruptcy Court in New York on Monday, saying that insiders, including DCG, DCG founder Barry Silbert and his affiliates, transferred funds to each other during the company's insolventness. The company hopes to recognize these transfers as "preferred payments" under the bankruptcy law, so as to revoke and recover the relevant amount. These cryptocurrency payments are worth more than $582 million, while the total amount of preferred transfers exceeds $1.2 billion (current data).

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Bybit said that today, when a user used Apple ID to log in to the Bybit platform, his withdrawal was restricted due to abnormal KYC authentication. In this regard, the Bybit team attaches great importance to it. After verification, it is confirmed that this is a special situation for individual users, not a systemic risk. It has been verified that the KYC information of the account has not been tampered with, and the funds in the account are always in a safe state. At present, the platform has properly handled the account according to the user's request.

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Guoxing Aerospace successfully launched 12 satellites at the Jiuquan Satellite Launch Center via the Long March II D rocket, forming the "Space Calculation Constellation 021" mission. This task is the first launch of the "Star Calculation Plan", and it is also the first constellation of the "Three-body Calculation Constellation" project of Zhijiang Laboratory. It is worth mentioning that one of the satellites is named BAYC #7573, symbolizing the extension of Web3 into space.

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The Pechersk District Court of Kiev, Ukraine, ruled that the virtual assets seized in a major fraud and illegal gambling investigation were transferred to the National Asset Recovery and Management Agency (ARMA). The assets involved in the case come from a digital wallet registered in the crypto exchange Binance, which is owned by a Ukrainian national (ОСОБА_6), and is suspected of shushing money through unlicensed platforms such as rollbit com. The total amount of seized assets exceeds 500 million hryvnia, far exceeding the regulatory threshold. The court also ordered Nest Services Limited, a registered entity registered in Seychelles, to cooperate with the asset transfer.

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New Zealand police arrested a Wellington man on suspicion of participating in an international cryptocurrency fraud case worth up to $265 million. The case was investigated by the U.S. FBI, which said that criminal gangs defrauded cryptocurrencies by manipulating seven victims from March to August 2024 and laundered money through multiple platforms. The funds were used to buy $9 million luxury cars, luxury goods and luxury rentals in Los Angeles and other places. In the past three days, New Zealand and California have carried out multiple searches, and 13 people have been charged, including the only New Zealand suspect in this case. The man faces charges from the U.S. Department of Justice, including extortion (RICO), telecommunications fraud and money laundering conspiracy.

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AlAbraaj, a Bahraini catering listed company, announced that it would cooperate with 10X Capital to include Bitcoin in its strategic reserve, becoming the first listed company in the Middle East to implement this strategy. The company has purchased 5 BTC, plans to continue to increase its holdings, and intends to develop Bitcoin financial products that comply with Sharia law, with the goal of creating a "MicroStrategy in the Middle East".

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