OKX Web3 Consensus Night "will open in Hong Kong on February 18th and registration is now open

BlockBeats News: On February 6th, Negentropy, co-founder of Glassnode, analyzed that in the recent market adjustment, the total market value index (Total 3) of altcoins except ETH successfully held key support levels, and multiple altcoins showed signs of final selling. With the proportion of Bitcoin market value reaching a four-year high, the Total 3 index maintaining its trend indicates that off exchange funds are continuously accumulating, which may indicate that the altcoin market is about to embark on a new round of upward trend.

According to Onchain Lens monitoring, a newly created multi signature wallet has withdrawn 399 million ALT tokens worth approximately $19.82 million from Binance. The day before, the wallet had withdrawn 1000 ALT and destroyed them. At present, the wallet may belong to AltLayer and is awaiting official confirmation.

According to official sources, the OKX Web3 wallet will be launched to support the Berachain mainnet. Users can select the Berachain network from the wallet support network and perform operations such as asset queries, transfers, and on chain dapp interactions. It is reported that Berachain is a high-performance EVM compatible blockchain built on liquidity proof consensus. Liquidity proof is a novel consensus mechanism aimed at coordinating network incentives and establishing strong synergies between Berachain validators and project ecosystems. https://www.okx.com/zh-hans-sg/help/okx-wallet-to-support-berachain-network

According to Cointelegraph, the US Commodity Futures Trading Commission (CFTC) announced that a federal court has ordered a fine and compensation of over $130 million against the Brazilian founder of the illegal cryptocurrency investment platform EmpiresX. On February 4th, Judge Cecilia Altonaga of the Southern District Court of Florida imposed permanent injunctions, economic penalties, and other legal actions on EmpiresX founders Emerson Pires, Flavio Goncalves, and their partner Joshua Nicholas. The case was initially filed on June 30, 2022, and due to the defendant's failure to respond to the charges by the deadline, a default judgment was ultimately made. According to court documents, Empires Consulting operated a fraudulent investment program called EmpiresX, which falsely promised high returns to investors. Pires and Goncalves are accused of obtaining at least $40 million from victims through false cryptocurrency advertisements. The founder did not invest these funds as promised, but instead abused them to purchase Bitcoin and Ethereum, while restricting withdrawals and displaying false profits from non-existent investments. The founder of EmpireX used these funds for personal expenses, including purchasing luxury goods and traveling. Despite this, investigators still recovered approximately $22.8 million in digital currency from them.

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