Wang Chun: Zcash's recent rise is driven by narrative, listing, and short selling

According to documents from Yonhap News Agency and the US Department of Justice, Judge Rudolph Contreras of the US Federal Court in Washington, D.C. ordered the confiscation of a wallet asset related to North Korea's overseas IT worker fund laundering activities. The address received approximately 158123 USDC and 54574 USDT, totaling approximately 212700 USD. The ruling is part of a US Department of Justice case seeking to confiscate over $7.74 million in North Korean related cryptocurrency assets, and the court only approved the confiscation of the aforementioned wallet related assets. The US Department of Justice stated that North Korean IT workers obtained remote work overseas through false identities and used stablecoins, cross chain transfers, and token exchanges to launder their income.

UBS, in collaboration with PostFinance, Sygnum, Raiffeisen, Zurich State Bank, BCV, SIX, TWINT, and Swiss Stablecoin AG, has launched sandbox testing for the Swiss stablecoin CHFD, which will continue until the end of 2026.

Kraken deleted a promotional post after backlash, while a media group named in the token's distribution publicly distanced itself from the project.

French artificial intelligence company Mistral AI has completed a 3 billion euro Series D financing, with a post investment valuation of 21 billion euros, led by Samsung Electronics, Scaleup Europe Fund, and PSG Equity, Advent、 Funds and accounts managed by BlackRock, as well as investments from the Grand Duchy of Luxembourg.

According to a report by Jin10, the European Central Bank is expected to raise key interest rates for the second time on Thursday, but Lagarde stated that interest rates are not a predetermined path and investors should not assume that subsequent rate hikes are inevitable. The Eurozone's annual inflation rate rose to 3.3% in August, exceeding the European Central Bank's target of 2%. Policy makers are concerned that war may lead to high energy prices, and as the weather turns colder at the end of the year, household heating costs will significantly increase. Lagarde is unlikely to rule out the possibility of follow-up actions, and some economists believe that the possibility of a third interest rate hike in December is increasing.