ETH breaks through the $3600 mark

According to Foresight News, the Indian law enforcement agency has released an investigation into a large-scale cryptocurrency fraud case and frozen assets worth 428 million rupees (approximately 4.8 million US dollars) of Chirag Tomar, his relatives, and related entities involved in the fraud. This enforcement action is carried out in accordance with the Prevention of Money Laundering Act (PMLA), including the seizure of 18 immovable properties and multiple bank accounts located in Delhi. Chirag Tomar is the main planner of a cryptocurrency phishing scam that lasted from mid-2021 to the end of 2023, mainly targeting users of the exchange Coinbase. They lured users to log in by imitating the fake website or search engine optimization (SEO) techniques of the cryptocurrency trading platform Coinbase, thereby stealing approximately $20 million worth of cryptocurrency.

OKX-ETH/USDT is currently trading at $3650.99, with a 5-minute increase of 0.11%. Please be aware of market fluctuations.

OKX-ETH/USDT is currently trading at $3603.86, with a 5-minute increase of 0.58%. Please be aware of market fluctuations.

According to Foresight News, the Pendle team has launched Boros, a financing rate trading platform on Arbitrarum. Users can speculate and hedge financing rates through this platform. It now supports trading Binance BTCUDT and ETHUSDT financing rates, and plans to expand to more assets (such as SOLUSDT, BNBUSDT), platforms (such as Hyperliquid, Bybit), maturities, and future yield products. Boros uses units of income (YU) for trading, with each YU representing the return of one unit of collateral asset until maturity, similar to Pendle's YT. This release of Boros will be limited to a limited amount: the initial limit for open interest contracts (OI) in each market is $10 million, and leverage will be limited to 1.2 times.

According to a report by Golden Finance, according to StrategicETHReserve data, the total ETH holdings of 64 Ethereum reserve strategy companies with holdings of over 100 ETH have exceeded 3 million ETH, currently reaching about 3.04 million ETH, worth approximately $10.87 billion, accounting for about 2.52% of the total ETH supply. Data shows that currently, there are 9 institutions with ETH holdings exceeding 100000, with the top three being Bitmine (833100 ETH), SharpLink Gaming (521900 ETH), and The Ether Machine (345400 ETH).