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Quanxun Technology Intends to Acquire 100% Equity of Punk Code Technology - Signs Memorandum of Understanding

2 hours ago

September 17th. According to an announcement made by the Hong Kong Stock Exchange, the Hong Kong-listed company Qianxun Technology has disclosed that it has signed a non-legally binding Memorandum of Understanding for a potential acquisition transaction. It is planned to acquire 100% equity of the Web 3 FinTech company Punk Codes for no more than 25 million Hong Kong dollars. The founding team of the latter mainly originates from Tencent and was involved in establishing Tencent's Hong Kong virtual bank, Fusion Bank, in 2020 and has been exploring blockchain finance, digital assets, and other scenarios.
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A whale sold their 1-month LINK position, realizing a profit of $140,000.

On September 17th, according to Chainalysis, a significant holder sold 276,000 LINK (valued at $6.3 million) on the blockchain. This was a LINK that he had purchased a month earlier. By doing so, he realized a profit of $140,000. A month ago, on 8/17, he acquired 276,000 LINK by spending 1,401 ETH (worth $6.17 million) at an average price of $22.3 per LINK.

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Plasma Partners with Rain Cards to Launch Cryptocurrency Payment Card, Allowing Spending of Plasma USD? at 150 Million Merchants Worldwide

September 17th. Plasma entered into a partnership with Rain Cards to issue encrypted payment cards on the Plasma Network. This enables Plasma USD? to be utilized at more than 150 million merchants worldwide.

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Bitcoin briefly drops below $116,000

On September 17th, based on HTX market data, Bitcoin briefly fell below $116,000 and is currently trading at $116,021.

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US Crypto Stocks Experience Larger Drop than Rise at Opening, Forward Industries Opens with Nearly 10% Decline

On September 17th, based on market data, the US stock crypto sector opened with mostly lower trends: Coinbase (COIN) decreased by 0.35%; Circle (CRCL) increased by 0.44%; MicroStrategy (MSTR) decreased by 0.30%; Bitmine (BMNR) decreased by 1.53%; SharpLink Gaming (SBET) decreased by 0.35%; Forward Industries (FORD) announced a $4 billion ATM plan today and opened down by 9.35%; The new SOL treasury stock Helius (HSDT) opened down by 5.98%.

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A whale sold 11,360 ETH in just under 4 hours, and a total of 20,360 ETH over the past 3 days.

On September 17th, as monitored by Onchain Lens, within the past 4 hours, a whale disposed of 11,360 ETH at a price of 50.75 million USDC. In general, over the past 3 days, this whale has sold 20,360 ETH at a price of $4,508, amounting to a total of 91.79 million USDC.

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Nasdaq-listed Company Reliance Global Completes First ETH Purchase

On September 17th, the Nasdaq-listed company Reliance Global announced the accomplishment of its initial purchase of ETH. The specific purchase amount has not been made public yet. According to the company's previously announced treasury strategy for cryptocurrencies, it is anticipated to purchase other cryptocurrencies in the future, such as Bitcoin, Solana, etc.

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