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[A Whale Purchases Binance Life Large Account Stop Loss, Losing $2.5 Million] GMGN data shows that a whale purchased Binance Life large account stop loss for $4.3 million, resulting in a loss of $2.5 million. Currently, the whale's overall position has an unrealized loss of $3.8 million, with an unrealized profit of $225,100 per month. Meme coin prices are highly volatile, and investors should participate cautiously.
[Beefy Suspends All Balancer V2-Related Products in Response to Exploit Incident] Yield aggregation platform Beefy has announced the suspension of all its products related to Balancer V2 in response to a recent exploit incident. The team is closely monitoring the situation and has stated that they will fully cooperate in assessing the losses while ensuring that Beefy users can actively participate in the subsequent asset recovery efforts.
[Swell Reminder: Do Not Deposit swETH or rswETH into Balancer V2] The staking platform Swell has reminded the community on Platform X not to deposit swETH or rswETH into Balancer V2. If assets are already stored in Balancer V2, they must be withdrawn immediately. Previously, Balancer suffered an attack, with losses exceeding $100 million.
[Animoca Brands Reverse Merger Expected to Be Completed by 2026, Plans to Establish New York Office] The reverse merger between Animoca Brands and Currenc Group Inc. is expected to be completed by 2026, marking Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 due to violations of listing rules. The transaction requires approval from regulatory authorities in both the United States and Australia, and is contingent on Animoca providing audited financial statements for the past several years. Executive Chairman Yat Siu stated that Animoca has achieved profitability but has not yet disclosed this year's financial results. The two parties have signed a letter of intent and agreed to a three-month exclusivity period to finalize the definitive agreement. Currenc plans to divest certain business units during the merger process. Additionally, Animoca plans to establish an office in New York, with Yat Siu noting that former U.S. President Trump’s support for the cryptocurrency industry was a key factor in this decision.
[Animoca Brands Submits Listing Application in the U.S., Valuation Estimated at $1 Billion] Hong Kong Web3 investment company Animoca Brands has submitted a listing application in the U.S., planning to go public on Nasdaq through a reverse merger with Singapore company Currenc Group (CURR), with an estimated valuation of $1 billion. Documents show that Animoca's 2024 revenue reached $165 million, a year-on-year increase of 116%, primarily derived from digital asset advisory and portfolio management businesses.