Important news from last night and this morning (August 10 - August 11)

SharpLink is suspected of having invested the 200 million USD it previously raised entirely in ETH.

According to on-chain analyst Yu Jin’s monitoring, 10 hours ago, a new wallet withdrew 52,809 ETH (200 million USD) from Coinbase Prime and then distributed it to 8 wallets for Ethereum staking, one of which is a known address of SharpLink (SBET). SharpLink only sold stocks last Friday to raise 200 million USD, so it is likely that they converted these funds into ETH over the weekend. If the speculation is correct, SharpLink (SBET) currently holds a total of 621,000 ETH, worth 2.65 billion USD. The average purchase price is approximately 3,226 USD.

The 1inch team sold part of their ETH and 1INCH from the investment fund, realizing a profit of 8.36 million USD.

According to on-chain analyst Yu Jin’s monitoring, the 1inch team investment fund has started to sell the ETH and 1INCH it previously purchased on-chain. Currently, it has sold 5,000 ETH at an average price of $4,215, converting it into 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28, converting it into 1.8 million USDC. This portion of ETH and 1INCH sold today has realized a profit of 8.36 million dollars. The ETH was purchased in February for 28.85 million USDC at a price of $2,577 for 11,198 ETH; while the 1INCH was purchased in July for 15.65 million USDC at a price of $0.253 for 61.76 million 1INCH.

A certain whale/institution has once again increased its holdings of over $200 million in ETH, currently holding more than $900 million in ETH.

According to Onchain Lens monitoring, a certain whale/institution has increased its holdings by 49,533 ETH from Galaxy Digital and FalconX, worth $210.68 million. Currently, the whale holds a total of 221,166 ETH, valued at $940.73 million, distributed across 6 different wallets. Previously, it was reported that a certain giant whale/institution had accumulated over 170,000 ETH in the past 4 days, approximately $670 million.

A certain Ethereum developer is suspected of aiding others in the “abuse” of Ethereum and has been “detained” in Turkey.

According to BeInCrypto, an Ethereum developer named “Fede’s Intern” has been detained in Izmir, Turkey, on suspicion of helping others to “abuse” Ethereum. This developer stated in a post on X that authorities accused him of assisting in this activity. “Fede’s Intern” denies any wrongdoing and emphasizes that he and his team are “just infrastructure builders” and are willing to cooperate with authorities. During his “detention,” he intermittently provided updates, stating that he had been moved to a private room and was provided with food. He also claimed that arrangements were being made for him to leave Turkey for Europe by private jet within a few hours. Upon arrival in Europe, he will continue to fight the charges with his legal team.

U.S. Treasury Secretary: Leading the search for Powell’s successor

According to CCTV News, on August 10 local time, U.S. Treasury Secretary Bessenet stated that he is leading the search for a successor to Federal Reserve Chairman Powell.

TRM Labs: The ransomware group Embargo has transferred $34 million in cryptocurrency since April.

According to Cointelegraph, blockchain intelligence company TRM Labs states that a ransomware group named Embargo has transferred over $34 million in ransom-related cryptocurrencies since April. Embargo currently has about $18.8 million in cryptocurrencies stored in non-affiliated wallets, and experts believe this strategy may be aimed at delaying detection or taking advantage of better money laundering conditions in the future. Embargo operates under a ransomware-as-a-service (RaaS) model, primarily targeting industries with high downtime costs, including healthcare, commercial services, and manufacturing, and tends to attack victims within the United States, possibly due to their stronger payment capabilities. TRM’s investigation suggests that Embargo may be a renamed version of the notorious BlackCat (ALPHV) group, which disappeared earlier this year due to a suspected exit scam. The two organizations share technical overlaps, both using the Rust programming language, operating similar data leak sites, and showing on-chain connections through shared wallet infrastructure. While Embargo is not as overtly aggressive as LockBit or Cl0p, it employs a double extortion strategy: encrypting systems and threatening victims with the release of sensitive data if they do not pay. In some cases, the group publicly names victims or leaks data on its website to increase pressure.

Crypto Executive: At least one Bitcoin user is kidnapped every week, and the frequency of attacks will rise during bull markets.

According to Cointelegraph, Alena Vranova, founder of SatoshiLabs, warned that incidents of wrench attacks, personal assaults, and kidnappings targeting Bitcoin and cryptocurrency holders are on the rise. “Every week, at least one Bitcoin holder in the world is kidnapped, tortured, extorted, and sometimes faces even more serious consequences.” She warned that even small cryptocurrency investors could become targets of violent criminals. “It seems like only Bitcoin OG investors encounter these problems, but that is not the case. We have seen individuals kidnapped for cryptocurrency worth $6,000 and even someone murdered for cryptocurrency worth $50,000.” “Currently, the personal information of over 80 million Bitcoin holders and cryptocurrency users has been leaked online; among them, 2.2 million include home addresses.” She added that these attacks are related to Bitcoin prices and that the frequency of attacks increases during bull markets.

The Russian hacker group GreedyBear has recently stolen over 1 million dollars in cryptocurrency by forging MetaMask wallets and other methods.

According to Decrypt, Koi Security, headquartered in the US and Israel, reported that the Russian hacker group GreedyBear has stolen over $1 million worth of cryptocurrency in the past five weeks using 150 “weaponized Firefox extensions,” nearly 500 malicious executables, and “dozens of” phishing sites. Koi’s Chief Technology Officer Idan Dardikman stated that the Firefox attack activity is “so far” their most profitable attack medium, with most of the $1 million earnings coming from this. This particular strategy involves creating fake versions of widely downloaded cryptocurrency wallets (such as MetaMask, Exodus, Rabby Wallet, and TronLink). The hackers use Extension Hollowing to bypass market security measures, initially uploading a non-malicious version of the extension and then updating the application with malicious code. The group also posts fake reviews of the extensions to create an illusion of trust and reliability. Once downloaded, the malicious extensions steal wallet credentials, which are then used to steal cryptocurrency. Another major attack method of the group involves nearly 500 malicious Windows executables, which are added to Russian websites distributing pirated or repackaged software. Such executables include credential stealers, ransomware, and trojans.

The LayerZero Foundation proposed to acquire the StarGate cross-chain bridge and its token STG for $110 million.

According to The Block, the LayerZero Foundation has proposed to acquire the StarGate cross-chain bridge and its STG token for $110 million. Under the terms of the proposal, the STG token will be deprecated, and STG holders can exchange their tokens for LayerZero’s native token ZRO at a rate of 1 STG for 0.08634 ZRO, which values each STG at $0.1675 and each ZRO at $1.94. StarGate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved. The proposal states: “This proposal aims to accelerate the development of StarGate and LayerZero, providing StarGate with the resources to implement an aggressive roadmap, expanding its privileges beyond bridging, while deeply connecting a strong revenue-generating protocol with the LayerZero ecosystem, allowing end consumers to engage more deeply with LayerZero.”

Data: APT, ARB, AVAX and other tokens will experience large unlocks, with APT unlocking approximately $52.1 million.

Token Unlocks data shows that tokens such as APT, ARB, and AVAX will see large unlocks next week, including: Aptos (APT) will unlock approximately 11.31 million tokens on August 12 at 8:00 AM Beijing time, accounting for 2.20% of the current circulation, valued at about $52.1 million; Arbitrum (ARB) will unlock approximately 92.65 million tokens on August 16 at 9:00 PM Beijing time, accounting for 2.04% of the current circulation, valued at about $41.9 million; Avalanche (AVAX) will unlock approximately 1.67 million tokens on August 15 at 8:00 AM Beijing time, accounting for 0.51% of the current circulation, valued at about $39.2 million; Sei (SEI) will unlock approximately 55.56 million tokens on August 15 at 8:00 PM Beijing time, accounting for 1.21% of the current circulation, valued at about $17.5 million; Solayer (LAYER) will unlock approximately 27.02 million tokens on August 11 at 10:00 PM Beijing time, accounting for 9.51% of the current circulation, valued at about $17 million; Starknet (STRK) will unlock approximately 12.7 million tokens on August 15 at 8:00 AM Beijing time, accounting for 5.98% of the current circulation, valued at about $16.8 million; io.net (IO) will unlock approximately 13.29 million tokens on August 11 at 8:00 PM Beijing time, accounting for 6.51% of the current circulation, valued at about $8.3 million; peaq (PEAQ) will unlock approximately 84.84 million tokens on August 12 at 8:00 AM Beijing time, accounting for 7.03% of the current circulation, valued at about $5.6 million; BounceBit (BB) will unlock approximately 42.90 million tokens on August 11 at 8:00 AM Beijing time, accounting for 6.36% of the current circulation, valued at about $5.4 million.

Huajian Medical launches the “Global Enhanced Ethereum (ETH) Vault” strategy.

Hua Jian Medical ( announced that the group’s latest strategic upgrade and elevation measures have been officially launched by the board’s resolution, with the group formally starting the “Global Enhanced Ethereum ) ETH ( Treasury with Downside Protection Mechanism” strategy ) Ethereum ( ETH ) Treasury strategy (.

Michael Saylor has once again released Bitcoin Tracker information, and Strategy may disclose its increased holdings data next week.

Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor has once again released Bitcoin Tracker information on the X platform, and may disclose additional purchase data next week. He stated: “If you don’t stop buying Bitcoin, you won’t stop making money.”

The giant whale AguilaTrades started shorting ETH with 25x leverage 20 minutes ago.

According to on-chain analyst Yu Jin’s monitoring, the whale AguilaTrades has started to short ETH. He began shorting ETH 20 minutes ago with 25x leverage and is currently executing a sell order using TWAP ) time-weighted average price (. The order indicates that he will complete the short of 10,000 ETH for 42 million USD ( in 3 hours.

The White House’s cryptocurrency chief is dissatisfied that major U.S. banks still prohibit wealth management platforms from accessing Bitcoin ETFs.

David Sacks, the White House AI and cryptocurrency director, expressed dissatisfaction on the X platform about several U.S. banks still prohibiting wealth management platforms from accessing Bitcoin ETFs. He wrote, “Why are the leading banks in the U.S. still prohibiting or restricting access to Bitcoin ETFs on their wealth management platforms? Is this the last trace of ‘de-banking’?”

Analyst: ETH price target is now $20,000, or may reach a new high within 1-2 weeks.

According to Cointelegraph, market sentiment has risen again after ETH broke the $4,000 mark for the first time since the end of 2024. Analyst Merlijn stated that the upward channel for ETH’s price has been opened, and the current highest target price may be set at $20,000. Additionally, trader BitBull pointed out that driven by massive short squeezes and institutional buying, it may be easier for the ETH price to reach new historical highs. If the weekly closing price is above the $4,100 range, new historical highs may appear within 1-2 weeks.