Compiled by: Luan Peng, ChainCatcher
Important Information:
- Trump says he will not run again if he fails in the 2024 election
- Harris pledges to include crypto business in her "opportunity economy" vision while protecting consumers
- Ultra-high-net-worth accounts in South Korea's virtual asset investment account for 47% of the market total
- Zhao Changpeng is expected to return to Dubai to reunite with his family after his release from prison
- South Korea's virtual asset reporting center receives over 3000 reports in a year, with 15% involving false advertising
- Argentina dismantles cryptocurrency mining equipment smuggling ring
- US SEC approves options for the listing of the BlackRock Bitcoin ETF on Nasdaq
"What important events have happened in the past 24 hours"
Trump says he will not run again if he fails in the 2024 election
According to Jinshi's report, former President Trump, the Republican presidential candidate, stated that if he fails in the presidential election in November this year, he does not believe he will run again in 2028.
Trump, born in 1946, is now 78 years old and will be 82 years old by the time of the 2028 US presidential election. Before the current US President Biden announced his withdrawal from the 2024 US presidential election, Trump often attacked the 81-year-old Biden on the issue of age.
US Vice President Harris made her first comments on the crypto industry at a recent Wall Street fundraising event and included artificial intelligence and crypto technology in her "opportunity economy" vision.
Harris said, "To build an opportunity economy, I will bring together labor, small businesses, founders, innovators, and big companies. We will work together to invest in America's competitiveness, invest in America's future. We will encourage innovative technologies such as artificial intelligence and digital assets, while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules."
Organizers described this Manhattan fundraising event as Harris's last chance to speak in person in New York before the November election, and a source said the event was "the hottest ticket in town" at the moment. Tickets for the event started at $500 and later rose to $1 million. Celebrities such as Anne Hathaway, Whoopi Goldberg, and Billy Porter attended the event.
It was reported by Reuters last Sunday that Harris plans to "roll out a new set of economic policies this week aimed at helping Americans build wealth and providing economic incentives for businesses to help achieve this goal," but details are also scarce.
The number of ultra-high-net-worth accounts in South Korea's virtual assets, with investments exceeding 1 billion Korean won (about $749,000), has reached over 3400, with an average investment amount of 9.45 billion Korean won (about $7.08 million) per account.
According to data obtained by South Korean Democratic Party member An Dae-je from the Financial Supervisory Service, among the 7.7 million virtual asset accounts opened by the two major virtual asset exchanges, Upbit and Bithumb, accounts with assets exceeding 100 million Korean won account for only 1%, but their investment scale accounts for 70% of the total amount.
Among these high-value accounts with investments exceeding 1 billion Korean won, the average investment amount is 9.45 billion Korean won. These high-value investors account for only 0.04% of all accounts but hold 47% of the total investment in the virtual asset market, indicating that the cryptocurrency market is more concentrated than the stock market.
Among these high-value accounts with investments exceeding 1 billion Korean won, investors in their 40s account for the largest proportion, and investors in their 50s have the largest average holding size, averaging 14.8 billion Korean won.
According to Hong Kong media Aastocks, Zhao Changpeng, the founder and former CEO of Binance, is expected to be released on September 29 after serving his sentence and is expected to return to Dubai to reunite with his family. Zhao Changpeng was sentenced to four months in prison by a US federal court for money laundering in April this year and was imprisoned in California at the end of May. In addition, the US Securities and Exchange Commission (SEC) recently filed a lawsuit against Binance again, reiterating that the exchange violated federal securities laws.
According to data obtained by South Korean Democratic Party member Lee In-young from the Financial Supervisory Service, the Virtual Asset Investment Fraud Reporting Center (now the Virtual Asset Unfair Trading Reporting Center) established and operated since June last year has received a total of 3036 reports as of July this year. In 2023, a total of 1532 reports were received, of which 44% were other reports unrelated to or difficult to classify with virtual assets. The next most common reports were false advertising (15%), online fraud (14.6%), investment guidance groups (11.9%), and romance scams (11%).
Of the 1532 reports received in 2023, only 36 were actually related to unfair trading, accounting for only 2.3%.
Argentina dismantles cryptocurrency mining equipment smuggling ring
Argentine tax officials and naval security personnel carried out a joint operation to dismantle a large-scale Bitcoin mining equipment smuggling ring. In this "major operation," the Argentine Naval Prefecture (PNA) and the Federal Public Revenue Administration (AFIP) conducted multiple raids and seized hundreds of high-end mobile phones, graphics cards, and mining components.
Officials revealed that the ring used "cryptocurrency investments" for money laundering and engaged in smuggling in cities such as Mar del Plata and Bahía Blanca. During the operation, over 30 million pesos (about $3,100) and $19,000 in cash were seized, and four suspects have been arrested and face charges related to smuggling and money laundering.
US SEC approves options for the listing of the BlackRock Bitcoin ETF on Nasdaq
According to Decrypt, the U.S. Securities and Exchange Commission (SEC) has approved a rule change allowing options for the listing and trading of BlackRock's spot Bitcoin ETF (iShares Bitcoin Trust, IBIT) on the Nasdaq International Securities Exchange. This decision marks another step in expanding the range of Bitcoin-related derivative products, providing investors with additional tools to manage the risk exposure of the world's largest cryptocurrency.
Since the approval of several Bitcoin-related ETFs in the United States, BlackRock has been seeking approval for such listings since at least March of this year. The SEC's approval came after several amendments submitted to Nasdaq ISE aimed at addressing concerns about manipulation and excessive risk-taking in the emerging crypto options market.
The IBIT options will be physically settled and use the American exercise style, providing hedging services for investors seeking to manage Bitcoin-related risks. Despite the approval, the SEC's action still reflects ongoing concerns about the potential risks of cryptocurrency derivatives. Comments submitted during the review process emphasized concerns about market volatility and the broader integration of cryptocurrencies with traditional financial markets. Some urged the SEC to delay approval until the Bitcoin market stabilizes further. Nevertheless, the U.S. Securities and Exchange Commission found that the exchange's monitoring mechanisms, including real-time monitoring and cross-market surveillance sharing agreements with the Chicago Mercantile Exchange, are sufficient to prevent manipulation.
CryptoQuant Co-founder: Bitcoin Hashrate Dominance Shifting from China to U.S. Mining Firms
CryptoQuant co-founder Ki Young Ju pointed out that Bitcoin hashrate dominance is shifting to U.S. mining companies.
According to Ki Young Ju, Chinese mining pools currently operate 55% of the network hashrate, while U.S. mining pools manage 40% of the hashrate. He further explained that U.S. mining pools primarily serve institutional miners in the U.S., while Chinese mining pools support relatively smaller Asian miners.
Howard, TON's Asia Development Relations Manager, stated in a post on X that despite recent activity in the mini-game sector, there are still several areas within the TON ecosystem that are waiting to be developed. Howard believes that credit card cashback, gift card businesses, tokenization of real-world assets (RWAs), yield products, Launchpool-like projects, and offline QR code payment solutions have enormous potential and are expected to develop into billion-dollar projects on the Telegram mini-program and TON blockchain.
He stated that compared to EVM ecosystems like Ethereum, TON is more suitable for young developers and Web2 game studios because it has a large user base and real growth potential.
According to The Block, Bernstein analysis pointed out that despite U.S. Vice President Kamala Harris expressing support for the crypto industry at a recent fundraising event, the market is still confused by the uncertainty of her policy. In contrast, the crypto market sentiment after Trump's victory may be stronger, as he has explicitly promised to make the U.S. the "crypto capital" and supports DeFi, asset tokenization, and Bitcoin mining. However, regardless of the election results, the expected inflow of funds into Bitcoin and Ethereum ETFs and the Federal Reserve's loose monetary policy are expected to continue to drive the market higher.
According to HODL15Capital citing SEC filing information, BlackRock's Bitcoin ETF IBIT has amended its custody agreement with Coinbase, requiring withdrawals to be completed within 12 hours.
These adjustments reflect BlackRock's efforts to address recent allegations, improve operational frameworks, and enhance liquidity.
Early Bitcoin Player Falls Victim to False "Jingxiang" and "Xu Jiayin" Scammers, Losing 700,000 RMB
Early Bitcoin player "Bao'an Kongkong" stated in a post on X that he has fallen victim to false "Jingxiang" and "Xu Jiayin" scammers, losing 100,000 USDT (approximately 700,000 RMB).
He stated that the scammers added him through business cards and then used low prices to sell USDT as bait, deceiving him of 100,000 USDT in assets. After discovering that the other party had not undergone real-name authentication and had a false identity, he realized he had been scammed.
As of now, the victim has started contacting Binance, Tron, OKLink, and friends, and has reported the incident to the police.
According to ChainCatcher, several individuals have fallen victim to similar scams, resulting in the loss of personal assets. Please be cautious and discerning.
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Exploring the Solana Ecosystem, 15 Potential Positives Not to Be Missed on Breakpoint
From September 20th to September 21st, the fourth Breakpoint will be held in Singapore. As the largest and most influential ecological conference in the Solana ecosystem (especially considering that last year's Breakpoint fermentation time almost coincided with SOL's explosive cycle), Breakpoint carries the expectations of the entire Solana ecosystem for value judgment, future direction, and the exchange of information on wealth codes.
In the following article, KOLfabiano.sol, focusing on the Solana ecosystem, summarized the promotion plans and potential promotion content of major ecological projects during the Breakpoint period. For investors interested in deep involvement in the Solana ecosystem, this inventory may be seen as an "upgrade preview" for the second half of the year.
For the Solana ecosystem, Breakpoint has always been a gold mine for obtaining alpha information and early insight clues.
After last year's speech, Nosana achieved a 400-fold increase.
I have reviewed the list of Solana ecosystem projects intending to promote during the Breakpoint period, and these projects may see an increase after releasing positive news.
On September 19th, Trump bought a burger for supporters at the Bitcoin-themed bar PubKey in New York City and paid with Bitcoin. Trump used the Strike payment app to pay $998.7 in Bitcoin, which is built on the Lightning Network. The bar received Bitcoin using the Zaprite app.
PubKey is a well-known Bitcoin bar in Manhattan, known for its Bitcoin payments and has become a gathering place for enthusiasts in the field. "Fortune" conducted an exclusive interview with PubKey owner Thomas Pacchia, providing an in-depth look at the story behind Trump's purchase with Bitcoin. The following is the detailed content.
Is MicroStrategy's Model a Scam?
Fun Fact: During the 2000 Internet crisis, Michael Saylor's MicroStrategy was one of the companies with the most severe market value shrinkage and losses, and his personal wealth also suffered a huge setback in that burst of the bubble.
Now, MicroStrategy's main business is an online AI and data analysis product, and the official website interface still remains at the level of a traditional B2B internet enterprise. Apart from holding a large amount of BTC, from my personal perspective, there is hardly any product or technology that can support MicroStrategy's current market value of over 20 billion USD…
Solana's New Phone "Seeker" Debuts, Can It Break Even with Airdrops This Time?
On September 19th, Solana Labs' subsidiary Solana Mobile officially announced the new web3 smartphone "Seeker," the second-generation web3 smartphone device developed by the company following the first-generation web3 smartphone "Saga." Earlier this year, Seeker began pre-sales under the codename "Chapter 2," and according to official announcements, pre-sales have exceeded 140,000 units.
Previously, the main reason Chapter 2 was able to complete a large number of pre-orders without disclosing specific device information was that the Solana blockchain projects' airdrops for the first-generation web3 smartphone "Saga" far exceeded the purchase cost. Therefore, people have similar expectations for the second-generation phone.
It is reported that the early bird price for Seeker at $450 will end on September 21st. With the specific details of the Seeker phone being announced, what are the highlights of its device functionality compared to the first-generation phone Saga? From the perspective of airdrops, can one expect to break even by purchasing now?
This article briefly introduces the specific details of the Seeker phone and provides statistics on the value of airdrops received by previous Solana phone pre-order customers, hoping to provide reference for readers' purchasing decisions.
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