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Thunder Speed's Reboot Countersues Former CEO Chen Lei, Who Was Involved in Embezzling Millions of Yuan from the Company for Cryptocurrency Speculation凸(⊙▂⊙ )

2 hours ago

On January 15th, Xunlei (Nasdaq: XNET) restarted a lawsuit against former CEO Chen Lei and his core team, alleging they infringed the company’s interests and seeking up to 200 million yuan (≈$27.8M) in damages. The case has been accepted and filed by a relevant court in Shenzhen, Guangdong, China. This follows Xunlei’s September 2020 announcement accusing Chen of embezzling millions of yuan in company funds for cryptocurrency speculation, and arranging relatives to fabricate contracts to siphon additional funds. Chen left China with his lover in April 2020. Chen was appointed Xunlei Group CEO in June 2017. One month later, Xunlei rebranded its Money Cat product to Wanke Cloud, launched the Wanke Coin cryptocurrency, and shifted from a cash subsidy model to rewarding users with crypto for shared resources. Some 4 million Money Cat users became Wanke Cloud miners, driving Wanke Coin’s price to surge from 0.01 yuan to over 10 yuan on trading platforms. In 2017, daily revenue from Wanke Cloud sales hit hundreds of millions of yuan, marking one of Xunlei’s key historical highlights.
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A Whale Liquidated a $15.25M ETH Long Position, Profiting $90K

On January 15, monitoring from crypto analytics platform HyperInsight (via its Telegram channel @HyperInsight) revealed that a whale closed a $15.25 million ETH long position at 18:03, netting a $90,000 profit. The account also holds a small unrealized gain. The address primarily trades major cryptocurrencies using a high-leverage, full-position strategy, frequently switching between long and short positions on the same day.

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Binance Alpha FUN Point Airdrop Threshold is 245 Points

Binance Alpha will list the Sport.Fun (FUN) token on January 15. Trading on Alpha kicks off tonight at 22:00. Users holding at least 245 Alpha Points can claim 300 FUN tokens via the Alpha event page—first come, first served. If the event is still ongoing, the points threshold will automatically drop by 5 points every five minutes.

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American Bank: Interest-Bearing Stablecoin Could Disrupt $6 Trillion in Bank Deposits

January 15th — Brian Moynihan, CEO of Bank of America, warned that if the U.S. Congress fails to restrict interest-bearing stablecoins, as much as $60 trillion in deposits could shift out of U.S. banks—equivalent to roughly 30% to 35% of total U.S. commercial bank deposits. Moynihan noted stablecoins are structured similarly to money market mutual funds, with reserves held in short-term instruments like U.S. Treasuries, instead of being deployed for bank loans as in traditional banking. This model keeps funds outside the traditional banking system, shrinking the deposit base banks depend on to fund household and business lending. This is also the most contentious provision of the CLARITY Act (Crypto Market Structure Act). The legislation bars digital asset service providers from paying interest or returns to users solely for holding stablecoins. Notably, the bill distinguishes between activity-based rewards—allowing those tied to staking, liquidity provision, or collateral—while

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Whale with 0xfb5 Address Prefix Continuously Reduces BTC Long Position, Realizing Profit of Over $360,000

On January 15th, HyperInsight monitoring (via its Telegram channel @HyperInsight) shows that an address labeled the "XPL/HYPE Band Whale" (0xfb51...) unwound multiple BTC long positions consecutively over roughly 10 minutes. It has so far cut its long position by ~105.8 BTC (valued at ~$10.27 million total), realizing a cumulative closed profit of ~$366,000. Post-unwinding, its remaining BTC long position is worth ~$12.454 million, with an average entry price of $93,500. The address is known for swing trading, boasting a 78% historical win rate on long trades. It has previously logged notable swing profits on tokens like XPL and HYPE.

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Binance Alpha has listed Owlto Finance (OWL)

On January 15, Binance Alpha officially listed Owlto Finance (OWL).

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Successfully predicted Maduro's ouster address predicts once again that Khamenei will step down before January 31.

On January 15, blockchain analytics firm LookOnChain reported that two of the three wallets which previously predicted Venezuelan President Maduro’s resignation and profited from it have been inactive for 11 straight days. The remaining wallet, SBet365, placed a new bet two days ago, forecasting Iranian Supreme Leader Khamenei will step down by January 31.

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