A man in Hebei Province, China, illegally raised funds using the concept of the "Metaverse" and was sentenced to five years and four months in prison

A former @BNBCHAIN employee deployed the new token $ASTEROID, then used 4 newly created wallets to buy 796.7M $ASTEROID (79.67% of the total supply) for $10K. The employee later sold 718.8M $ASTEROID for 1,103 $BNB ($638K), making a profit of $628K. Wallets: 0xDF99Efc99671195F08f6b14E29Bbe96699289481 0xa0b9AD5aE7Db2Ba7D01808C732BCF12f1A5241dB 0x5EB3876F53BB94d00D5B773091A3B1B89eC445ad 0x75680E9bB52986A2013aD9A9c9e82351cfe05ef7

According to Lookonchain monitoring, a former BNB Chain employee deployed the new token ASTEROID, then used four newly created wallets to buy 796.7 million ASTEROID tokens for $10,000 — accounting for 79.67% of the token’s total supply. The employee has since sold 718.8 million ASTEROID tokens, receiving 1,103 BNB (worth approximately $638,000) and netting a profit of $628,000. Earlier reports indicated BNB Chain officials stated a former employee had issued the meme token ASTEROID without authorization via the original official test wallet, and legal action has been initiated.

According to The Washington Post, multiple officials said that Alexus Grynkewich, commander of U.S. European Command, privately warned the Pentagon this week that he lacks sufficient naval forces to continue protecting Israel from ballistic missile attacks, highlighting the resource strain on U.S. military forces from the ongoing Iran-related conflict. The commander stated that if he cannot secure an additional naval destroyer, he will be forced to choose between defending the U.S. homeland and defending Israel. A U.S. defense official noted that Grynkewich’s warning aligns with prior notifications from senior U.S. military leaders when they flag risks requiring national-level consideration. The official added that such scenarios often arise when combatant commands compete for limited resources and weaponry.

It looks like a mysterious trader is going long $FARTCOIN. Trader 0x9a96 opened a 2x long on 16.73M $FARTCOIN ($2.16M) and also placed a limit order to buy 18.04M $FARTCOIN ($531K).

According to a BBC report, Snapchat announced it will stop recommending fully AI-generated videos in its Spotlight feed, shifting priority to content created by real humans. This move is similar to recent measures taken by platforms including YouTube, LinkedIn, and Substack, and aims to address the proliferation of low-quality, repetitive AI-generated content.

Hu Xiaowei, a core figure of the "Prince Group" (also known by the alias "Hu Shi", previously rumored online to be the "mastermind behind Chen Zhi"), left Japan on July 29 and was deported to the United States. FBI agents have contacted him, and subsequent related investigations will be conducted in the U.S. While in Japan, Hu Xiaowei used a Cypriot passport and operated under the alias "Hu Shi". In June this year, he was arrested by Japanese police on suspicion of violating Japan's Immigration Control and Refugee Recognition Act. On July 24, Japanese prosecutors filed a summary lawsuit against him, imposing a fine of approximately 100,000 RMB. Hu Xiaowei played a pivotal role in Chen Zhi's criminal group: he introduced Chen Zhi to the cyber gray industry and was Chen Zhi's "big brother". Hu Xiaowei is also known as Hu Yanming, Hu Shi (alias), and Chen Xiaoer. According to authoritative sources, Chen Xiaoer (sanctioned by the U.S.), Hu Yanming (subject to a restriction order issued by the Hong Kong Department of Justice), and Hu Xiaowei, the mastermind of the 2010 "Knight Attack Team" illegal computer system intrusion case cracked by Chongqing cyber police, are the same person. According to confessions from core members of the "Knight Attack Team" back then, Hu Xiaowei was one of only two leaders of the group, while Chen Zhi was a member and not on the list of 19 core arrest targets at the time. (Red Star News)