a16z: Over 13 million standalone Meme coins have been issued this year, highlighting the regulatory void in the crypto space

On October 23rd, as per Forbes, a meme coin named MELANIA, which claimed to be "official" and was promoted by former US First Lady Melania Trump, was launched in January of this year, approximately during the time of President Donald Trump's inauguration. In April, a group of cryptocurrency traders filed a lawsuit, stating that a developer consortium behind multiple meme coins, including M3M3, LIBRA, ENRON, and TRUST, had carried out a suspected "pump and dump" fraud scheme. They manipulated the coin's issuance for personal gain, resulting in investors losing money. On Tuesday, the plaintiffs updated the lawsuit, alleging that MELANIA was also involved in this fraud scheme. The lawsuit does not accuse Melania herself of being involved in the fraud; rather, it claims that she inadvertently endorsed the project and played a "figurehead role." The plaintiffs emphasized that if the First Lady's team became aware of any criminal involvement in the project, they would immediately withdraw an

On October 23rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "100% Win Rate Mysterious Whale" liquidated to take profit an hour ago and ultimately made a profit of $835,000. In the past half month, 8 out of 8 leveraged trades achieved a 100% win rate. This morning, the whale briefly increased its BTC short position to 1,018.75 coins (approximately $110 million) and then gradually closed the position starting at 7 o'clock.

On October 23rd, as reported by Ashes Monitor, a "buy high, sell low" whale began to offload the ETH that was purchased at an average price of $4036 two days ago. It sold 3200 ETH (approximately $12.2 million) at an average price of $3815. The whale bought 7221 ETH two days ago at a FOMO price and has not yet fully unloaded its position.

On October 23rd, according to Bloomberg, citing individuals with knowledge of the matter, the prediction market platform Polymarket is in preliminary discussions with investors and is planning to raise funds with a valuation ranging from $12 billion to $15 billion, which is more than ten times its valuation four months ago. Polymarket's valuation has been increasing rapidly. In June of this year, Peter Thiel's Founders Fund led a $200 million funding round for the startup, and at that time, its valuation was $1 billion. Earlier this month, Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, stated that it would invest up to $2 billion in Polymarket, with a valuation of around $8 billion (excluding the funds already raised). This transaction has made Polymarket CEO Shayne Coplan the youngest self-made billionaire.

October 23rd. Based on Bloomberg's sources, the prediction market platform Kalshi is receiving a financing offer from a venture capital firm, and the valuation of the company is over $10 billion. This investment craze occurred shortly after Kalshi announced a $3 billion funding round with a $5 billion valuation. Sources show that investors are extremely interested in this rapidly expanding startup. Discussions have valued the company in the range of $10 billion to $12 billion or even higher. Due to the sensitive nature of the information, these sources have asked to remain anonymous.

On October 23rd, as monitored by Onchain Lens, the long position of "Big Brother Whale" Huang Licheng's ETH (with a 25x leverage) was fully liquidated, resulting in a loss of $1.57 million. Subsequently, he opened a new 25x leverage long position for ETH. As of now, his total loss amounts to $13.76 million.