BTC breaks through the $95000 mark

Odaily Planet Daily News The US Treasury Department is imposing sanctions on a Philippine company accused of providing Internet infrastructure to a series of virtual currency investment frauds. In a statement released on Thursday, US Treasury officials said they were taking action against Funnull Technology Inc., accusing the company of buying Internet protocol addresses in bulk from other service providers and reselling them to cyber criminals.

According to Foresight News, according to Ai Yi's monitoring, the "giant whale" who made a profit of $1.237 million by buying low and selling high ETH since May cleared 2559 ETH 11 hours ago, losing about $105000 again. At present, the whale's ETH band earnings have narrowed to about 1.132 million US dollars this month.

According to Newsis, key figures involved in a cryptocurrency investment fraud case involving over 325.6 billion Korean won (236.67 million US dollars) in South Korea have been arrested after hiding overseas for more than two years. The suspect believed to be the mastermind of the operation was arrested after a long-term investigation by the police. The gang is accused of defrauding 15304 people between December 2021 and March 2023 by falsely promising to sell and issue 28 different cryptocurrencies for high returns.

According to The Block, a trader lost over $500000 due to abnormal VWAP mechanism of Chainlink oracle. The incident originated from the MEV robot Jared FromSubway on Ethereum conducting a large transaction of $210000 in Curve's deUSD/USDT pool, causing the deUSD price to briefly soar to $1.03 in the low liquidity market. The price fluctuation is transmitted to the Avalanche network through the Chainlink oracle, triggering the liquidation of users' positions on the Euler lending platform. ChainLink God, a supporter of ChainLink, explained that the oracle adopts a market wide VWAP pricing mechanism, and deUSD has been marked as a "high-risk asset". Chaos Labs founder Omer Goldberg pointed out that there are design flaws in using VWAP in pools with insufficient liquidity, and suggested implementing price caps or outlier resistant algorithms for stablecoins. Data shows that out of a total supply of $185 million in deUSD, $42.7 million is circulating on the Avalanche chain.

According to Finance Feeds, Chris Larsen, co-founder of Ripple, clarified that the "Change Bitcoin Code" campaign initiated by the environmental organization Greenpeace in 2023 (aimed at promoting Bitcoin's transition to PoS mechanism) was solely funded by him personally and has nothing to do with the company. Larsen stated that its original intention was to explore the possibility of Bitcoin promoting carbon capture technology, but acknowledged that the movement did not meet expectations. Despite Ripple's recent gift of the "Satoshi Nakamoto Skull" sculpture (originally a symbol of environmental criticism) to the Bitcoin community as a gesture of reconciliation, CEO Brad Garlinghouse referred to it as an "olive branch," but the community's response has been divided. VanEck's head of digital assets, Matthew Sigel, has demanded a formal apology from Ripple for funding the inverse Bitcoin movement, while Ripple CTO David Schwartz has refuted doubts about XRP centralization.