Big Candle Capital experienced a daily drawdown of approximately $24.495 million, regaining $20.675 million in profits.
On August 15th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the data from the Binance platform indicates that the crypto venture capital firm Big Candle Capital witnessed a single-day asset drawdown of approximately $24.495 million yesterday. Prior to this, on the Binance platform, Big Candle Capital had a 30-day profit of $114 million.
Based on her analysis, this might be due to holding positions during yesterday's significant market decline or partially reducing positions. The profit and loss curve for the past 7 days shows that on August 13th, the profit reached a peak of $20.675 million, but yesterday the profit quickly turned into a negative value (-$3.82 million).
13 minutes ago
BtcTurk's Suspicious Withdrawals Reach Around $54 Million
On August 15th, as monitored by CertiK Alert, the suspicious withdrawals from the Turkish cryptocurrency exchange BtcTurk have surged to approximately $54 million.
Yesterday, BtcTurk issued a statement indicating that abnormal hot wallet operations were detected. As a preventive measure, the platform has temporarily halted cryptocurrency deposits and withdrawals until the investigation is completed. The official announcement mentioned that the majority of assets are stored in secure cold wallets, the company's finances are in good condition, and user assets are not impacted. The functions of Turkish Lira deposits, withdrawals, and trading are operating normally. The platform has notified the regulatory authorities and implemented all security measures.
13 minutes ago
ALT5 Sigma Appoints Former GSR Executive as Chief Financial Officer
On August 15th, ALT5 Sigma (ALTS), a US-listed company that obtained a $1.5 billion financing to initiate the WLFI Treasury, declared the appointment of Jonathan Hugh as the Chief Financial Officer. Jonathan holds more than 25 years of senior financial and business leadership experience in digital assets, technology, energy, and commodity trading. He has previously held the position of CFO at global market maker GSR International and institutional custody company Zodia Custody.
13 minutes ago
Analysis: Strategy Set to Be Included in S&P 500 in September, Bitcoin's Leap to Blue-Chip Asset Status Is Underway
On August 15th, the asset management company Strive released a market commentary on Strategy. It was stated that Strategy, as the world's largest Bitcoin treasury company, is one step away from being included in the S&P 500 Index. If this milestone is achieved, it will fundamentally establish Bitcoin's position in the US financial landscape. The market value of Strategy exceeds $100 billion, already surpassing the market capitalization threshold of the S&P 500. However, the inclusion criteria for the S&P 500 are not only based on market capitalization but also require the company to be registered in the US, listed on a major exchange, and to have been profitable in the past quarter and year. The latter profitability requirement has always been a barrier for Strategy.
Recently, Strategy released its second-quarter financial report, and its profitability over the past 12 months has overcome the final hurdle, making it possible to be included in the S&P 500 as early as September. However
13 minutes ago
Market Pullback Affects Meme Coins, CLIPPY, SPARK, TROLL Drop Over 30% from Monthly Highs
On August 15th, according to GMGN data, affected by today's overall downturn in the cryptocurrency market, recently popular meme coins have generally shifted from gains to losses. Among them:
The market capitalization of TROLL has fallen from last week's peak of $240 million to $165 million, a drop of more than 31%, and it is currently priced at $0.164;
The market capitalization of SPARK has halved from a high of $66 million to $30 million, and it is currently priced at $0.03;
The market capitalization of CLIPPY has shrunk by 43% from a peak of $30 million to $17 million, and it is currently trading at $0.017.
BlockBeats reminds users that meme coins often lack practical use cases and experience significant price volatility, and investment should be approached with caution.
13 minutes ago
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