SOL falls below the $200 mark
--
Binance SOL/USDT is currently trading at $199.03, with a 5-minute decline of 0.71%. Please pay attention to market fluctuations.
Loading...
Binance SOL/USDT is currently trading at $199.03, with a 5-minute decline of 0.71%. Please pay attention to market fluctuations.
BlockBeats News, August 25, Arkham announced on social media that addresses associated with the United Arab Emirates have now been tagged on the Arkham platform. The UAE's Bitcoin holdings, valued at $740 million, have been marked on the Arkham platform. These holdings originate from Citadel's Bitcoin mining operations—a publicly listed mining company controlled by the UAE Royal Group through International Holding Company (IHC). Arkham stated that the UAE is the fourth-largest government entity holding Bitcoin on the platform, with total BTC holdings valued at approximately $740 million. Unlike the U.S. and the U.K., where Bitcoin holdings often result from police asset seizures, the UAE's Bitcoin is generated through mining operations in collaboration with Citadel. To date, Citadel has mined approximately 9,300 BTC and still holds at least 6,300 BTC. Citadel is 85% owned by 2pointzero, which is fully owned by IHC. Around 61% of IHC's shares are held by the UAE Royal Group, which is controlled by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family. In collaboration with Phoenix Group (a publicly listed UAE mining company) and the government-owned IHC, Citadel constructed an 80,000-square-meter Bitcoin mining facility on Al Reem Island, Abu Dhabi, within six months in 2022. Satellite time-lapse imagery of the mining facility's construction aligns with the timeline of on-chain mining activities. On-chain transactions between Phoenix Group and Citadel also match the officially disclosed amounts. Phoenix Group has likewise been tagged on the Arkham platform, with BTC holdings valued at $3.2 million.
[Main password: Huang Licheng's position has a floating profit of 2.05 million US dollars, and the main player has traded 500 million US dollars betting on this direction] The main large order can be combined with the position difference indicator to judge the main force to open and close the position. Open PRO members can follow the main trading operations in time
[UBS Warns of Increased U.S. Treasury Risk Premium Due to Fed Politicization] Paul Donovan, Chief Economist at UBS Global Wealth Management, stated that the increasing politicization of the Federal Reserve could lead to higher risk premiums in the U.S. bond market due to inflation uncertainty. This trend would drive up real borrowing costs, increase the U.S. government's debt repayment pressure, thereby reducing fiscal stimulus capacity and dampening corporate investment. Furthermore, this situation could weaken the U.S. dollar's status as a reserve currency, though it would not completely undermine its dominance. Last Friday, Federal Reserve Chair Jerome Powell left room for a rate cut in September during the Jackson Hole meeting but did not outline a clear mid-term policy framework or strongly defend the Fed's independence. Meanwhile, U.S. President Donald Trump has recently continued to pressure the Federal Reserve to take action on rate cuts.
The US stock market opened lower, with the Dow Jones Industrial Average falling 84 points, the Nasdaq falling 32 points, and the S&P 500 index falling 0.15%.
[Fraud Service Vanilla Drainer Steals Over $5 Million in Crypto Assets Within Three Weeks] Blockchain investigation firm Darkbit disclosed that the fraud service Vanilla Drainer has stolen at least $5.27 million in cryptocurrency in just three weeks. The service assists fraudsters in stealing funds by providing phishing software and takes a 15%-20% commission from the proceeds. Vanilla Drainer has been active since October 2024, with advertisements claiming it can bypass the security detection platform Blockaid. On August 5, the platform carried out its largest single theft, causing victims to lose $3.09 million in stablecoins, while the fraud operators profited $463,000. The stolen funds are typically converted into ETH or non-freezable DAI and eventually flow into a fee wallet currently holding tokens valued at $2.23 million. To evade tracking, Vanilla Drainer frequently changes domain names and generates new contracts for each malicious website.