Elliptic Warns of Industrial-Scale Pig Butchering Scams Laundering Through Crypto

[Data: Whale that moved 200,000 ETH accumulated at an average price of only $21.9, achieving approximately 178x returns] BlockBeats News, September 26, according to statistics from EmberCN, the whale address that awakened tonight after more than eight years of dormancy and transferred 200,000 ETH had an average accumulation price of only $21.9 between 2016 and 2017, achieving 178x returns over more than eight years. Previously reported, the ETH held by this whale originally came primarily from Bitfinex. It currently holds a total of 736,316 ETH across 8 wallets, valued at $2.89 billion.

**[Economists Raise U.S. Economic Growth Forecasts]** According to a report by Jinse Finance citing Bloomberg analyst *Walter Bloomberg*, the latest Bloomberg survey indicates that the U.S. GDP growth rate for Q3 2025 is expected to rise from 1.1% to 1.6%, with the full-year economic growth forecast also revised upward to 1.7%. Inflation expectations remain at 2.8%. Revised data shows that the U.S. economic growth rate for Q2 2025 stands at 3.8%, marking the highest level since 2023. However, economists warn that tariff policies and other policy risks could dampen economic growth momentum. Additionally, the survey still predicts that the Federal Reserve's interest rate will decrease from the current 4.25% to 3.25% by the end of 2026.

[Bloomberg: Bitcoin Treasury Strategy Faces Crisis, Exposing Vulnerabilities Similar to Early Market Cycles] According to a report by Jinse Finance, Bloomberg has published an article pointing out that with Wall Street's backing, Bitcoin was supposed to enter a new era, embedding Bitcoin into corporate balance sheets through treasury strategies, embracing Bitcoin while committing to its stability and growth. However, this strategy is now facing a crisis, exposing vulnerabilities similar to those seen in early market cycles. Data shows that the institutional Bitcoin purchase volume under the treasury strategy has seen a significant decline over the past three months, dropping from 64,000 BTC in July to 12,600 BTC in August, and 15,500 BTC so far in September, a decrease of up to 76%. Meanwhile, the declining prices of BTC and ETH have also triggered market sell-offs, which could potentially impact the stock prices of related companies.

[This Week's Market Highlights: Rate Cuts, Shutdown, and Crypto Sell-Off] Federal Reserve Chair Powell emphasized risk management following the rate cut, U.S. government shutdown risks intensified, Trump shifted his stance on Ukraine and raised tariff issues again. Alibaba received increased investment from 'Cathie Wood,' while the crypto asset market experienced a sell-off. This week saw significant market volatility with hotspots emerging across multiple sectors.

At the opening of the US stock market, the Dow Jones Industrial Average rose 201 points, the Nasdaq rose 12 points, and the S&P 500 index rose 0.2%.