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Coinbase assists Brooklyn District Attorney in combating impersonation scam, involving approximately $16 million

Coinbase officially stated it is cooperating with the Brooklyn District Attorney's Office in New York to assist in investigating a long-term impersonation scam targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service. Using social engineering tactics, he tricked users into believing their accounts had been compromised and instructed them to transfer funds to a "secure wallet," subsequently moving and stealing the funds. The case involves approximately 100 victims, with the total amount involved nearing $16 million. Over $600,000 has been recovered so far.Coinbase stated that this type of scam does not stem from platform security vulnerabilities but is a social engineering attack exploiting user trust and a sense of urgency. Common methods include identity forgery, impersonating customer service, and creating panic over account risks. The company stated it has cooperated with law enforcement agencies to complete various investigative tasks, including identifying suspects, assisting with victim notifications, providing data support for legal requests, and conducting on-chain fund tracing. It emphasized that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminded users that the platform will never ask them to transfer funds to a "secure wallet" or request 2FA codes, seed phrases, or password reset links. It recommends that users only contact customer service through official in-app channels. The company will continue to strengthen its anti-fraud mechanisms, user education, and cooperation with law enforcement agencies to address increasingly sophisticated crypto asset fraud activities.

CAP (Cap) Has Been Listed on Bybit Spot Exchange, Launching a $3 Million CAP Trading Competition

According to the official announcement, Bybit Spot has launched Cap (CAP/USDT) on its spot market on June 26 at 12:00 PM UTC, and deposits are now open. Meanwhile, CAP has been added to Bybit’s Token Splash trading competition, where eligible users can participate in sharing a prize pool of up to 30 million CAP tokens. Cap is a decentralized credit protocol built on the Ethereum blockchain, designed to safeguard lenders’ principal through on-chain financial guarantees.

Analysis: OpenAI IPO Delay Rumors Impact Market Sentiment, US Stock Futures Fall, Tech and Chip Sectors Lead Declines

US stock futures fell across the board on Friday, with the tech sector leading the decline, as market concerns over rising AI infrastructure costs and a slowdown in fundraising pace intensified. Nasdaq 100 futures fell 1.2%, S&P 500 futures dropped 0.5%, and Dow Jones futures lost 67 points (-0.1%). Chip stocks broadly weakened following reports that OpenAI is considering postponing its IPO until next year, citing increased volatility in AI-related stocks, unstable market sentiment, and even the impact of SpaceX’s weak post-IPO performance.JPMorgan's trading desk noted that this news has reinforced market concerns about the sustainability of AI infrastructure investments and could affect the pace of future capital market fundraising. Vital Knowledge analyst Adam Crisafulli also stated that the IPO delay could slow down the overall expansion rate of AI infrastructure spending.In the chip sector, Philadelphia Semiconductor-related stocks came under pressure, with ON Semiconductor falling over 13% after acquiring Synaptics. Micron Technology and SanDisk both declined by more than 5%. The XLK ETF tracking the tech sector fell 1.6%, extending the previous session's losses. (CNBC)

A whale sold 464 BTC to buy 17,750 ETH

According to Lookonchain monitoring, 2 hours ago, a whale sold 464 BTC to buy 17,750 ETH, worth $27.56 million.

Analyst: Base Network Outage Due to Invalid Block Highlights Centralization Risk of Single Sequencer Model

Odaily Odaily News Blockchain analyst Vadim noted that Base experienced a network outage today due to a consensus bug triggered by a single invalid block. All block generation after height 47806542 ceased, halting the network for nearly two hours. Since Base utilizes a single sequencer architecture, when that node encountered an error, the entire network stopped running, with no backup block producer or other validator nodes available to bypass the fault and maintain on-chain activity. During the outage, users were unable to conduct transactions, perform liquidations, or process withdrawals.Furthermore, the network recovery process was not automated; node operators within the ecosystem had to manually restart for block synchronization to gradually resume. This is not the first such incident for Base. In August of last year, the network also experienced a freeze lasting approximately 33 minutes due to a sequencer switching failure. The single sequencer model exposes the centralization risks in some current L2 networks: while offering higher speed, the entire chain can come to a halt due to a single point of failure when the core component malfunctions.

BlackRock ETF Address Deposits 2,700 BTC and 41,996 ETH to Coinbase

According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 2,700 BTC (approximately $161 million) and 41,996 ETH (approximately $65.16 million) into Coinbase, totaling approximately $226 million.

Base has postponed the Beryl mainnet upgrade to June 26 at 18:00 UTC.

Base has postponed the Beryl mainnet upgrade to June 26 at 18:00 UTC to ensure full activation of the B20 Activation Registry. Developers must wait until the registry goes live before deploying B20 tokens, with an estimated maximum wait time of approximately one hour. Base stated that the previous ~2-hour mainnet block interruption was unrelated to this upgrade. Additionally, Beryl will reduce the withdrawal waiting period from Base to Ethereum from 7 days to 5 days and integrate Reth V2.

F2Pool co-founder Wang Chun has bought approximately 65,700 ETH and 966 WBTC since the beginning of this month, valued at around $171 million

According to on-chain analyst Yujian monitoring, F2Pool co-founder Wang Chun (@satofishi, 0xF42...b51) withdrew 9,937 ETH (worth $15.5 million) and 147.5 WBTC (worth $8.7 million) from Binance in the past 6 hours today, and subsequently deposited them into Spark. Since BTC fell below $60,000 and ETH fell below $1,700 at the beginning of this month, Wang Chun has successively purchased approximately 65,700 ETH, valued at $111 million, as well as 966 WBTC, valued at $60.29 million, at an average BTC price of about $62,400 and ETH price of about $1,660. Currently, all of his WBTC and about half of his ETH have been deposited into Spark, while the other half of ETH has been deposited into Ethereum staking.

Abraxas Capital’s whale arbitrage strategy achieved an annualized return on gold of 25.9%, with a 10.2% return already recorded from funding rates.

According to Hyperinsight’s monitoring, Abraxas Capital—a major whale that has long employed hedged short positions on gold-related assets to arbitrage funding rates—currently holds a 5x-leveraged short position with an initial margin of approximately USD 3.51 million. The position has been open for 144 days and maintained at roughly the same size throughout. Cumulative funding rate settlements during this period have totaled USD 359,000—about 10.2% of the initial margin. Excluding minor position adjustments, its annualized return is approximately 25.9%.

A major whale opened short positions in BTC and SPCX worth a total of $73.76 million.

According to Onchain Lens monitoring, a whale has established a short position with a total value of approximately $73.76 million, including a 40x leveraged short position on 1,002.5 BTC and a 10x leveraged short position on 89,695.7 SPCX. The liquidation price for the BTC position is $62,071.8.

BLUAI is about to be listed on Bitget PoolX, lock ETH to unlock 14 million BLUAI

Bitget PoolX is about to launch the Bluwhale AI (BLUAI) project. Users can lock ETH to share 14,000,000 BLUAI, with a personal lock-up limit of 1,500 ETH. The lock-up channel will be open from 18:00 on June 26 to 18:00 on July 7 (UTC+8).In addition, users with positive net ETH deposits during the event period will receive a 5% ETH wealth management booster coupon after the event ends. First-time PoolX participants who meet the net deposit requirements will receive a 15% ETH booster coupon. The net deposit calculation period is from 17:00 on June 26 to 17:00 on July 6 (UTC+8). For more details, please refer to the official Bitget platform.

After a month of inactivity, a whale withdrew 1.6 million TRUMP from Binance, increasing its holdings to 17 million TRUMP

According to Onchain Lens monitoring, after a month of inactivity, a whale withdrew 1.6 million TRUMP, worth $2.7 million, from Binance. The whale currently holds 17 million TRUMP, worth $2.88 million.

Lenovo: DRAM and NAND Price Increases Will Become the New Normal, Continuing Beyond 2030

: Citrini analyst jukan posted on X platform, stating that Lenovo considers memory price increases the "new normal." DRAM and NAND flash memory prices have entered a structural upward cycle. Even if major suppliers continue to expand production, prices are unlikely to return to early 2025 levels. Higher costs are being passed through the entire industry. In the future, various electronic devices, including PCs and smartphones, are expected to face continued price pressure, with higher prices becoming the "new normal" after 2030.

After holding ETH for 8 years, a whale sells half their position, offloading 17,598 ETH for a profit of $12.65 million

Odaily报道 According to monitoring by on-chain analyst Yujin, a whale who held ETH for 8 years sold 17,598 ETH on-chain in the past hour, exchanging it for 27.245 million USDS at a sale price of $1,548. The whale initially received 37,602 ETH in February 2018, which was worth $31.16 million at an ETH price of $829. Eight years later, selling approximately half of their ETH holdings netted them a profit of $12.65 million.

CAP (Cap) to Be Listed on Bybit Spot Platform

Odaily BlockBeats News, according to official announcements, Bybit Spot will list CAP (CAP/USDT) on the spot market on June 26 at 1PM UTC.- Deposit opening: June 26 at 4AM UTC- Trading opening: June 26 at 12:00PM UTC- Withdrawal opening: June 27 at 10:00AM UTCCap is a decentralized credit protocol built on the Ethereum blockchain, designed to protect lenders' principal security through on-chain financial guarantees.

AI sector pullback: biggest loser lost over $8.5 million; whale once held $90 million long position

According to Hyperinsight’s monitoring, large-cap tech stocks weakened due to Apple’s sharp decline, while persistently high U.S. PCE inflation and further cooling of market expectations for rate cuts prompted investors to take profits from overvalued AI-related stocks; AI industry chain stocks broadly declined overnight and into this morning.

ETH’s three major whale groups all fall into losses for the first time since 2019

according to monitoring by CryptoQuant analyst Darkfost, ETH whales have fallen into losses for the first time since 2019. Even during the 2022 bear market, the largest whales holding over 100,000 ETH managed to remain profitable. Currently, the unrealized profit ratios for all three whale groups are negative: -0.26 for the range of 1,000 to 10,000 ETH, -0.21 for 10,000 to 100,000 ETH, and -0.05 for addresses holding over 100,000 ETH. This situation has persisted for several weeks.Darkfost noted that, historically, when the ETH market tests the conviction of whales, it often simultaneously forms a bottoming zone. Ethereum has demonstrated considerable resilience so far.

Yesterday, Ethereum spot ETFs saw a net outflow of $81.55 million.

According to Trader T (@thepfund), yesterday’s Ethereum spot ETF saw a net outflow of $81.55 million.

Yesterday, Bitcoin spot ETFs saw a net outflow of $695.79 million.

According to Trader T (@thepfund), yesterday’s Bitcoin spot ETF saw a net outflow of $695.79 million.

Oxium Announces Shutdown on August 1; Users Urged to Cancel Orders, Close Positions, and Withdraw Assets Promptly

According to an official announcement, Oxium stated that due to prolonged adverse market conditions resulting in insufficient platform revenue, it can no longer sustain operations; the team has therefore decided to gradually wind down the project. The official statement emphasized that users’ deposited assets remain secure and under users’ sole control, and this announcement aims to remind users to arrange orderly withdrawals in advance.