24/7 News

Svmuu News: According to a post by “On-Chain Detective” ZachXBT on his personal channel, Polish social engineering attacker Wojtek Kulisz (online alias “Merry”) was reportedly raided and investigated by Polish law enforcement recently, along with three other individuals who were taken into custody. Although official press releases did not disclose his name or photograph, several pieces of designer clothing and jewelry displayed on his public Instagram account, “wojtekk,” closely match the items seized during the police operation. The case is being led by Poland’s Central Bureau for Combating Cybercrime (CBZC), with assistance from agencies such as the FBI and HSI.

Svmuu News Bitcoin As the price continues to weaken ahead of the expiration of $10 billion in options—trading well below the much-discussed “Max Pain” price of $72,000—doubts about the validity of this theory are once again intensifying.The “Max Pain Theory” posits that option sellers may manipulate the market to push the underlying asset’s price toward the Max Pain level, causing option buyers to incur maximum losses at expiration and thereby maximizing the sellers’ profits.This theory previously garnered market attention when Bitcoin approached the relevant price range ahead of certain monthly and quarterly option expiries. However, Bitcoin has recently fallen from approximately $67,000 to below $60,000—a trend that has not converged toward $72,000 but has instead diverged from the theory’s predictions.Jasper De Maere, an over-the-counter trader at Wintermute, noted that despite the massive scale of this options expiration, the market has not exhibited any significant price anchoring recently.
However, the market remains vigilant regarding the volatility risks associated with this options expiration. Deribit previously stated that the June quarterly options expiration is one of the larger liquidity events of the year, and the expiration or rollover of a large number of contracts to subsequent cycles could lead to increased short-term market volatility. (CoinDesk)

1. Analyst: Micron’s earnings boost overall market sentiment in the tech sector;
2. SBI Group acquires Bitbank for $289 million;
3. Countdown to SK Hynix’s U.S. IPO: $30 billion fundraising may trigger a valuation reassessment;
4. The top three companies on the Hurun Global Unicorn List are all investing in large language models;
5. Jefferies: Samsung is likely to follow SK Hynix’s lead and list in the U.S. via ADRs;
6. The “October 11 insider whale” has incurred floating losses of over $18.55 million on BTC long positions, with the liquidation price currently reported at $16,964;
7. A newly created wallet withdrew 17,675 ETH, worth $28.58 million, from Binance;
8. Stock markets in Japan and South Korea closed higher across the board, with the Japanese market hitting a new closing high;
9. Micron Technology (MU.O) surged 18% in U.S. pre-market trading, with several major banks raising their price targets;
10. Reaching a historic high, Bitcoin long-term holding addresses now hold 79% of the circulating supply.

Svmuu News: U.S. Secretary of State Rubio said on the 25th in Manama, the capital of Bahrain, that the United States hopes to reach an agreement with Iran, but will not do so at any cost. Rubio made these remarks while attending a ministerial meeting between the Gulf Cooperation Council (GCC) and the United States. He said the U.S. seeks to engage in constructive dialogue with Iran and reach a final agreement, but will not do so at any cost. He also stated that no country has the right to impose tolls in the Strait of Hormuz. Rubio has been visiting the United Arab Emirates, Kuwait, and Bahrain since the 23rd. All three countries host U.S. military bases. (Xinhua News Agency)

Svmuu News: According to MSX data, IBM (IBM.N) rose 4.5% in premarket trading on the U.S. stock market. This follows the company’s launch of the world’s first sub-1-nanometer chip technology. Compared to its 2-nanometer process chips, the new chip design offers up to a 50% increase in performance and a 70% improvement in energy efficiency.

Svmuu News: Daniela Hathorn, Senior Market Analyst at Capital.com, said: ““As earnings reports from Micron once again confirmed that the AI investment cycle remains robust, U.S. stocks have recouped some of their losses. This has boosted market sentiment across the entire semiconductor sector—where high-growth stocks had previously underperformed—suggesting that investors remain willing to overlook short-term volatility as long as earnings prospects continue to support high valuations.” (Jin Shi)

Svmuu News: CoinEx issued a statement regarding the transactions involving Alireza Derakhshan and Zedcex/Zanjani mentioned in a recent report by The Wall Street Journal. Based on the information currently available, all relevant transactions took place before the U.S. Department of the Treasury imposed sanctions on the aforementioned entities. CoinEx does not provide services to any sanctioned entities or individuals, nor has it ever facilitated any transactions for such entities while knowing they were subject to sanctions. CoinEx has never established any commercial partnerships with entities affiliated with the Iranian government or domestic Iranian exchanges, nor has it ever provided funding channels or any form of active assistance to Iranian government agencies, entities affiliated with the Revolutionary Guards, or other sanctioned entities.
As early as 2021, CoinEx was blacklisted by the Iranian government, and its official domain was blocked within Iran. This fact alone demonstrates that CoinEx is not a platform officially recognized, supported, or partnered with by the Iranian government, nor does it have any practical basis for serving as an official funding channel for Iran. CoinEx has never established any offices or operational entities in Iran. While some individuals have spontaneously promoted CoinEx through the platform, this is not an action organized by CoinEx. CoinEx strongly opposes narratives that conflate the actions of ordinary users with state-level sanctions evasion, and rejects the inference that on-chain fund flows directly equate to the platform’s knowledge of, support for, or participation in illegal activities.
Regarding the Bybit hacking incident mentioned in the report, CoinEx assisted Bybit in blocking accounts and freezing assets immediately after the incident occurred. Furthermore, CoinEx will conduct an internal review of the relevant transactions mentioned in the report.
Following the imposition of sanctions on Iranian domestic exchanges such as Nobitex, CoinEx immediately initiated a comprehensive review of its exposure to risks related to Iran and began the process of withdrawing from the market, implementing the following measures:
Refusing to accept user registrations from Iran, strengthening user identification for Iranian users, and continuing to conduct compliance-based account closures for identified Iranian user accounts;
Implementing comprehensive geofencing and access restrictions for the Iranian region; accounts and assets of identified sanctioned entities or individuals will be restricted or frozen;
Strengthening the KYT system to enhance monitoring and review capabilities regarding transactions involving sanctioned regions, high-risk addresses, and anomalous on-chain paths, and freezing relevant transactions;
Continuing to identify and address accounts that abuse the platform for illegal activities, particularly those using CoinEx as a conduit for funds.
CoinEx places a high priority on compliance, anti-money laundering, and sanctions risks within the digital asset industry and believes it has a responsibility to provide clear and objective responses to its users and partners.