Range Completes $8.3 Million Series A Funding Round, with Participation from TX Ventures

Researchers from the Chinese People's Public Security University have developed an AI framework that detects illegal cryptocurrency transactions with an overall accuracy of nearly 90%. The study was published in the Chinese peer-reviewed journal *Intelligence Magazine*. Corresponding author Dr. Sun Jingchao, who specializes in criminal investigation and cybersecurity, noted that the research "provides an accurate, scalable, and interpretable solution for detecting illegal cryptocurrency transactions" and offers an innovative technical path for regulators to crack down on illegal crypto activities and economic crimes. The AI framework leverages memory modules and large language models, specifically targeting the anonymity and cross-border traits of cryptocurrencies to track illegal transactions such as money laundering. The research comes as China continues to intensify its efforts against crypto-related financial crimes. In March this year, the Supreme People's Procuratorate disclosed that procuratorial organs prosecuted 3,259 people for money laundering involving virtual currencies and underground banks in 2025. As cryptocurrency trading volumes surge, its anonymous and cross-border nature creates channels for illegal fund flows; this police-developed AI detection tool marks an upgrade in regulatory technical means from passive tracking to active intelligent identification.

Galaxy Research Head Alex Thorn said that attack incidents surrounding the Coldcard wallet continue to evolve, with more small-scale attackers and copycats now targeting the remaining Coldcard mnemonic phrases. Thorn noted that by assisting, the identity of a depositor affected in the attack was confirmed; the relevant funds were transferred out before they could be frozen on the Duel platform, and the involved funds are not part of the three main attack waves previously identified by Galaxy Research. Earlier reports stated that the Bitcoin hardware wallet Coldcard was hacked, with stolen funds now totaling 1,367.05 BTC, worth approximately $88.6 million, involving 4,585 addresses. Galaxy Research Head Alex Thorn added that the attacks are still ongoing, and users who have not yet moved their funds should immediately transfer their assets out of addresses generated by Coldcard.

According to HTX market data, Bitcoin has fallen below $63,000, with a 0.12% decline in the past 24 hours.

The U.S. ETF industry is experiencing unprecedented growth, with a total of 1,001 ETFs listed in the country over the past two months. The number of ETFs launched in this two-month period exceeds the total number of ETFs launched across the entire first half of 2024. Among all ETFs launched this year, 54% include derivative components, while over 33% are categorized as leveraged or inverse funds. Additionally, so far this year, numerous fund issuers have submitted registration applications for more than 1,000 leveraged ETFs, indicating that more such products will be launched in the future.

The spokesperson for Iran's Islamic Revolutionary Guard Corps (IRGC) introduced Operation "Victory-2", stating that the U.S. Amazon data processing center located in Bahrain was listed as a strike target because it undertakes intelligence support, cloud computing, and services related to the U.S. military command system. The spokesperson did not specify the exact time of the strike, but noted that this operation is one of Iran's responses to U.S. attacks. (CCTV News)

The recent hacking incident targeting Coldcard wallets continues to escalate, with a sharp rise in small-value Bitcoin transfers hitting their highest level since the FTX collapse, reigniting market discussions about Bitcoin self-custody security. CryptoQuant Research Head Julio Moreno revealed data showing that the number of on-chain Bitcoin transfers under 1 BTC has risen to its highest level since November 2022, with roughly 39,600 BTC transferred in a single day—just 300 BTC short of the November 16, 2022, record of 39,900 BTC set days after FTX filed for bankruptcy. Users are proactively taking action to mitigate risks. Previous reports noted that the Coldcard Bitcoin hardware wallet was targeted in the attack; stolen funds have now reached 1,367.05 BTC, worth approximately $88.6 million, across 4,585 addresses. Galaxy Research Head Alex Thorn stated that the attack is still ongoing, urging users who have not yet moved their funds to immediately transfer assets out of addresses generated by Coldcard.