ETH breaks through the $4600 mark

[Crypto Card Issuer Rain Completes $58 Million Series B Funding Round, Led by Sapphire Ventures] BlockBeats News, August 28: Crypto card issuer Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. According to an insider, the annual spending volume supported by Rain's credit cards has exceeded $1 billion. Rain has launched Visa-supported bank cards, enabling stablecoins to be easily spent at all locations that accept Visa. The company was founded in 2021 by CEO Farooq Malik and CTO Charles Yoo-Naut. Rain allows new banks and fintech companies (such as Nuvei) to offer stablecoin payment services. Previously, on March 24, Rain announced it had completed a $24.5 million funding round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka.

[Solana Policy Institute Grants $500,000 to Support Tornado Cash Developers' Legal Defense] The Solana Policy Institute has announced a $500,000 grant to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. The two were convicted in the United States and the Netherlands, respectively, for developing this decentralized privacy service. Notably, there have already been several large donations to support Storm's legal matters, but the Solana Policy Institute's grant has drawn particular attention because the organization is not part of the Ethereum ecosystem to which Tornado Cash belongs.

[Binance: Assisted in Freezing $47 Million Related to Pig-Butchering Scams in the Asia-Pacific Region Last Year] Binance disclosed that in June 2024, following a multi-stakeholder investigation supported by Binance, Chainalysis, and other industry partners, law enforcement in the Asia-Pacific region froze nearly $50 million in illicit funds. In the case, the Chainalysis investigative team utilized blockchain analysis technology to trace the flow of funds linked to another active scam network in Southeast Asia. They tracked transactions from dozens of victims between November 2022 and July 2023, identifying a series of consolidation wallets controlled by the scammers. The criminals funneled the funds into a main wallet, which were then distributed through intermediary addresses to five final wallets, collectively holding nearly $47 million in USDT. To prolong the scam, the fraudsters would even return small amounts of funds. After receiving intelligence, Asia-Pacific law enforcement instructed the stablecoin issuer to freeze the funds in June. Investigators acted swiftly to prevent the illicit proceeds from being cashed out.

OKX - PUMP is currently priced at $0.003233, with a 10% increase over 24 hours. 24-hour transaction volume of 500 million US dollars, up 44.28%, for reference only

Data from the past 12 hours shows that the main force sold large orders with a turnover of $213 million, far exceeding the $127 million for buying large orders, with a net outflow of up to $86.07 million. Especially at the prices of $112799 and $113200, there have been consecutive large sell orders exceeding $30 million, indicating that the main funds are accelerating their exit. On a technical level, the 2-hour K-line closed with a cross star and the KDJ indicator entered the overbought zone, coupled with EMA24 breaking below EMA52, increasing the risk of short-term decline. Suggest paying attention to the support level of $112800. Open membership immediately, stay ahead of the main trends, and gain insight into market opportunities! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.