AiCoin Daily (July 25th)

On July 26th, according to Onchain Lens monitoring, a newly established address once again received 13696.8 ETH worth $49.97 million from Galaxy. At present, the wallet holds 100972 ETH worth 375.74 million US dollars.

OKX-BTC/USDT is currently trading at $117496, with a 5-minute decline of 0.03%. Please pay attention to market fluctuations.

BlockBeats News: On July 26th, according to on chain data analyst Yu Jin's monitoring, SharpLink (SBET) address, the "ETH version micro strategy", received 145 million USDC from Circle address 30 minutes ago, which may be used for new minting to continue reserving ETH. SharpLink did not buy any more ETH this week and currently holds 360900 ETH (approximately $1.34 billion).

On July 26th, according to Onchain Lens monitoring, a whale address withdrew 13.4 million ENAs worth $7.26 million from Binance one hour ago and then transferred them to another wallet.

The US Department of Justice is considering filing a lawsuit against Dragonfly, accusing it of investing in the Tornado Cash team in 2020. Haseeb Qureshi, Managing Partner of Dragonfly Capital, tweeted that Dragonfly invested in PepperSec, Inc., the developer of Tornado Cash, in August 2020. The reason why it made this investment is because it firmly believes in the importance of open source privacy protection technology. Prior to investment, external legal advice has been obtained confirming that the construction of Tornado Cash complies with legal regulations and adheres to FinCEN's guidelines released in 2019. Dragonfly does not operate or control Tornado Cash, nor has it contacted any malicious users. It always encourages portfolio companies to comply with the law and insists that Tornado Cash itself has a legitimate right to exist. It would be unprecedented to bring charges against a venture capital firm for alleged misconduct by a portfolio company, especially in the current situation. In 2023, Dragonfly received a subpoena from the US Department of Justice and fully cooperated with the government's investigation into Tornado Cash. The Ministry of Justice has made it clear that Dragonfly itself is not the subject of its investigation. Like all investments, Dragonfly provides advice and support to PepperSec, as well as to all portfolio companies. Dragonfly believes that the government's statement in court is mainly aimed at weakening Tornado Cash's defense - making it more difficult for the defense to summon Tom to testify in court. Dragonfly does not believe that the Department of Justice would actually make such absurd and unfounded accusations. But if they really do that, Dragonfly plans to fully defend himself. Previously, it was reported that the US Department of Justice may file Tornado Cash related charges against Dragonfly employees.