News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Alibaba Qwen Deep Research has added one-click webpage and podcast generation features. In testing, Qwen and Gemini were tied for best accuracy; Qwen led in research depth and webpage output, while Gemini excelled in multimedia quality. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still being iteratively improved.
The Base ecosystem prediction platform Limitless saw its token LMTS surge by 110%, with a market capitalization reaching $429 millions; MERL spot price increased by 40%, with a futures price spread of 48%; Machi suffered losses in contract trading; Giggle Academy clarified that it has not issued any tokens; Binance hired a Trump ally for lobbying; a mysterious whale increased BTC long positions; the probability of a Federal Reserve rate cut in October rose to 98.3%. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.
Chen Zhi, a 28-year-old from Fujian, founded Prince Group, the largest real estate conglomerate in Cambodia. He was later indicted by the U.S. Department of Justice for alleged transnational online fraud and money laundering, with $15 billion worth of bitcoin seized. His fraudulent empire involved large-scale online gambling and "pig-butchering" scams, and maintained operations by bribing public officials in multiple countries. Although he enjoyed a reputation as a philanthropist and entrepreneur in Cambodia, the true nature of his business empire has now been exposed.
![[Bitpush Weekend Review] Trump nominates SEC crypto task force chief legal advisor Michael Selig as CFTC Chairman; Trump says at a private gathering that cryptocurrency could help solve the $35 trillion US debt problem; Bloomberg: Since the introduction of regulatory bills in the US, the proportion of stablecoins used for payments has surged by 70%](https://img.bgstatic.com/multiLang/image/social/6f7dc601c3d5c684dffeb2a0f54b0e661761530402644.png)
Quick Take Summary is AI generated, newsroom reviewed. Wallets tied to FalconX and Wintermute recently bought 21k SOL (~$3.9 M) and 71.5k SOL (~$12.5 M) in one transaction. SOL currently trades near ~$190, matching transaction USD conversions of ~$3.9 M for 21k SOL (≈ $185 each). 71.5k SOL equals roughly 0.015% of Solana’s ~470 million circulating supply. Hong Kong’s SFC approved the first spot SOL ETF under ChinaAMC for listing on October 27, 2025.References X Post Reference
- 03:14Jia Yueting: BlackRock increases holdings of FFAI stock, first batch of C10 crypto treasury allocation completedAccording to ChainCatcher, Faraday Future founder Jia Yueting posted on X that BlackRock has increased its holdings of FFAI stock to 6.8 million shares, representing a 26% increase in BlackRock's FFAI holdings. In terms of the crypto flywheel business, QLGN has now partnered with BitGo and completed the initial batch of C10 crypto treasury allocations, with trading volume rising to approximately $300 million. In addition, Jia Yueting announced the establishment of Faraday Finance, which will seek licenses to expand FX auto financing and leasing business.
- 03:06RootData: CHEEL to unlock tokens worth approximately $2.15 million in one weekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Cheelee (CHEEL) will unlock approximately 2.67 million tokens, worth about $2.15 million, at 8:00 a.m. (UTC+8) on November 3.
- 03:01Whale with a 100% win rate has unrealized profits exceeding $17 million, holding positions valued at $338 millionJinse Finance reported that, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale with a 100% win rate is currently holding long positions worth $338 million, with unrealized profits exceeding $17 million. The whale's current holdings include: a bitcoin long position of 1,482.9 BTC, valued at $165 million, with an entry price of $110,680.1; and an ethereum long position of 40,043.81 ETH, valued at $168 million, with an entry price of $3,929.76.