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Arkham: 45,000 BTC Found Untouched by German Government, Potentially Still Controlled by Movie2K Operator

5 hours ago

On September 6th, Arkham announced via social media that the organization has located 5 billion dollars' worth of Bitcoin that the German government failed to confiscate. Previously, in early 2024, the German police seized 49,858 bitcoins from the operator of the video piracy website Movie2K. In July 2024, these bitcoins were sold at an average price of $57,900, resulting in a profit of $2.89 billion. However, Arkham's research uncovered another Bitcoin cluster associated with Movie2K's early operations. This cluster consists of approximately 45,000 bitcoins (worth $4.99 billion) and has not been moved since 2019. These bitcoins are stored in more than 100 Bitcoin wallets and are likely still under the control of the Movie2K operator. The scale of this batch is almost equivalent to the seized bitcoins. The German government's statement did not mention this additional batch of bitcoins and did not incorporate them into the initial "emergency sale" plan.
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Mizuho Bank: The Fed Has Been Realistically "Face-Slapped," Easing Cycle Set to Begin

September 6th. Mizuho Bank declared that the U.S. August non-farm payroll report further verified the weakening tendency in the labor market. The growth in employment, working hours, and income has regressed to the levels during the pandemic period. Regardless of inflation, it is almost certain that the Federal Reserve will cut interest rates at the September meeting. A 25-basis-point rate cut is almost a certainty. However, if August inflation is weaker than expected, a 50-basis-point cut is more likely. The Fed's previous inflation forecasts have been "slapped in the face" by reality, while its 2026 unemployment rate forecast is at risk of not being achieved. They were overly pessimistic about inflation before and overly optimistic about the labor market. It is expected that the Fed will initiate a round of sustained easing cycle, aiming to lower interest rates to its perceived "neutral level" by March 2026, which is around 3%. The new Fed chair is likely to further increase stimulus

18 minutes ago

This week, the US Bitcoin spot ETF saw a net inflow of $250 million.

On September 6th, according to data from Farside Investors, the net inflow of the U.S. Bitcoin spot ETF this week was $250 million. It includes: BlackRock IBIT: +$4.343 billion Fidelity FBTC: +$25.1 million Bitwise BITB: -$76.9 million ARK ARKB: -$81.5 million BTCO: +$2.2 million Franklin EZBC: -$3.2 million VanEck HODL: -$13.2 million Grayscale GBTC: -$69.7 million Grayscale BTCM: +$33.2 million

18 minutes ago

Do Kwon's Appeal for the Return of $19.4 Million SGD Mansion Deposit Rejected by Singapore Court

On September 6th, according to the report in The Straits Times, Do Kwon, the co-founder of the now-defunct blockchain company Terraform Labs, had his request to recover about 50% of the purchase price of a penthouse on Orchard Road rejected by the High Court of Singapore. Five months prior to the collapse of his cryptocurrency TerraUSD and Luna in 2022, Do Kwon had his eyes set on the $38.8 million Sculptura Ardmore apartment. High Court documents reviewed by The Straits Times show that he had selected a 7,600 square feet (approximately 706 square meters) duplex four-bedroom penthouse on the 19th floor of the apartment, which was one of only three penthouses in the development. Do Kwon had paid around $19.4 million (about 50% of the total purchase price) through an option fee and subsequent payments. However, the deal fell through, and the property was subsequently resold to another party for $34.5 million. It is reported that Sculptura Ardmore was launched by develope

18 minutes ago

SharpLink Gaming plans to stake part of its ETH on the Linea mainnet

On September 6th, as per Cointelegraph, SharpLink Gaming (SBET) intends to pledge a certain amount of its $3.6 billion Ethereum Treasury funds on the Linea network subsequent to the mainnet's launch on September 10th.

18 minutes ago

Binance: Users with an Alpha score of at least 224 can participate in the STAR exclusive TGE event

On September 6th, Binance officially announced on social media that users whose Alpha score is greater than or equal to 224 can participate in this Starpower (STAR) exclusive TGE event through the Alpha event page. Participating in this event will consume 15 points.

18 minutes ago

Hong Kong SAR Government Prepares for Third Sovereign Green Bond Issuance

On September 6th, according to Bloomberg, it is reported that the Hong Kong Special Administrative Region Government has appointed banks to make preparations for a potential digital bond issuance. If this issuance goes ahead, it will be the third digital bond issuance by the Hong Kong government. In 2023, the SAR government successfully issued an HK$800 million tokenized green bond under the Government Green Bond Program, which was among the first government-issued tokenized green bonds in the world. Subsequently, in 2024, it issued the world's first multi-currency digital green bonds, raising approximately HK$6 billion.

18 minutes ago

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