Singapore police collaborate with exchanges such as Coinbase to launch anti fraud operation, avoiding losses exceeding $4.2 million
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According to Bitcoin.com, the Singapore police, in collaboration with Coinbase and six other cryptocurrency exchanges, launched a six week anti fraud operation, identifying 145 potential victims and avoiding losses exceeding $4.2 million.
According to Securities Times, on August 27th, Yu Jia, the head of technology industry research at UBS Securities China, stated at the UBS Securities A-share seminar that the tight supply of DRAM will continue until at least the second quarter of 2028, and NAND will remain scarce until at least the fourth quarter of next year. It is expected that DRAM prices will rise by 40% or more year-on-year next year, and NAND prices will rise by more than 30%.
[Joao Wedson: Bitcoin on-chain spending remains profit-driven, SOPR has yet to issue a bullish signal]
Analyst Joao Wedson stated that Bitcoin on-chain spending is currently still dominated by profits, and this cycle has not yet seen large-scale loss transfers similar to those in 2022. The SOPR trend signal has not generated a bullish signal yet, and Joao Wedson prefers to remain patient before confirming the start of a bull market.
According to analyst Alicharts, Bitcoin has broken through the downward resistance trend line and is approaching a high of $83000. The URPD data of Bitcoin shows significant resistance in the range of $83307 to $84569, with nearly 975000 BTC being bought here, which can easily trigger profit taking. If there is a pullback, the potential support level for Bitcoin is between $76996 and $78258 (843000 BTC) and $63111 (925000 BTC).
The RWA platform Realio Network was attacked on August 25th, with attackers hijacking the signature stack and stealing a total of 127.9 million RIOs worth approximately $6.2 million from 5 chains. Currently, approximately $317000 has been cashed out. Realio has temporarily suspended platform access and user fund transfers. The team is developing a recovery plan and working with law enforcement agencies.
