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The latest allocation follows Ark’s 2.5 million-share buy across three ETFs on Bullish’s first day of trading, a stake then valued at more than $170 million.
Strategist: The expectation of Fed interest rate cuts has decreased and profit taking is driving Bitcoin to continue its adjustment Bitcoin has rebounded slightly, but overall it remains at a low level, dropping to a two and a half week low the night before. LMAX Group strategist Joel Kruger stated in a report that Bitcoin has been in a "correction mode" since hitting a historic high last week. He pointed out that this was mainly affected by higher than expected wholesale inflation data in the United States, which weakened market expectations for the Federal Reserve to cut interest rates. Kruger also mentioned that some of the selling may be related to profit taking in short-term accounts, as well as recent statements from the US Treasury Secretary that strategic Bitcoin reserves will not be expanded through new purchases.
The July security incident of WOO X was initiated by a North Korean hacker group WOO X has released a security incident analysis for July, confirming that it suffered a social engineering attack launched by the North Korean hacker group UNC4899 (Lazarus Group) on July 24th, resulting in the theft of $14 million from 9 user accounts. Attackers induce developers to run malicious programs, gain access to the development environment, and modify databases through disguised open source collaboration requests. The incident was discovered two hours after its occurrence, and all affected users have received full compensation.
OKX-ETH/USDT is currently trading at $4199.30, with a 5-minute increase of 0.01%. Please be aware of market fluctuations.
Swiss Syz Capital plans to restart Bitcoin Alpha fund Swiss Syz Capital announced that it will restart the Bitcoin Alpha fund, planning to raise $200 million in the form of Bitcoin. Currently, it has raised about 1800 Bitcoin, with a target of 2000. It is expected to launch on October 1, 2025. This fund is aimed at Bitcoin investors who wish to adopt a market neutral strategy.
According to a report by Golden Finance, Andreessen Horowitz (a16z), a venture capital firm, has stated that modern encryption technologies such as zero knowledge proofs can protect user privacy and enable law enforcement agencies to effectively combat criminals. In a report released on Tuesday, Aiden Slaven, policy partner of a16z Crypto, and regulatory legal advisor David Sverdlov stated that zero knowledge proofs can verify the authenticity of data without disclosing any detailed private information. They believe that this technology has the "greatest potential" by showcasing the source of funds without the need to disclose private information. This report was released just two weeks after Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, was found guilty. Tornado Cash allows users to hide the source and destination of cryptocurrencies, while Roman Storm was found guilty of conspiring to operate unlicensed remittance services and other charges. In the Tornado Cash case, law enforcement and prosecutors argued that the cryptocurrency mixing service assisted criminal activities by providing means to conceal illegal gains. Slaven and Sverdlov stated in their report, "If users can provide such proof when exchanging cryptocurrency for fiat currency, cash exchange points can obtain reasonable assurance that the cryptocurrency is not derived from criminal proceeds, while users can also retain the privacy of their on chain transactions