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LINK may be the biggest beneficiary of the institutionalization of cryptocurrency and the explosive growth of stablecoins, tokenization, and RWA (Real World Assets).
Over $126M was liquidated in one hour, with long positions taking a $125M hit during sudden market volatility.Market Shock Sparks $126M in Crypto LiquidationsLong Traders Take a Heavy HitVolatility Remains a Risk in Crypto Trading
XRP jumps above $3, putting nearly 94% of its circulating supply in profit—a bullish signal for investors.XRP Price Breaks Above $394% of Circulating Supply in ProfitWhat This Means for XRP’s Future
Larry Fink, CEO of BlackRock, is now interim co-chair of the World Economic Forum, signaling stronger ties between finance and global policy.Larry Fink Takes Leadership Role at World Economic ForumWhat This Means for Global Finance and CryptoA Strategic Move at a Pivotal Time
- 13:44New Scam Service Vanilla Drainer Steals Over $5 Million in Three WeeksAccording to ChainCatcher, citing a report from Cointelegraph, blockchain investigation firm Darkbit has discovered that a new scam service called Vanilla Drainer has stolen at least $5.27 million in cryptocurrency within three weeks. The organization assists fraudsters in stealing funds by providing phishing software and takes a 15%-20% commission from the proceeds. Vanilla has been active since October 2024, and its advertisements claim it can bypass the security detection platform Blockaid. In the largest single theft on August 5, the victim lost $3.09 million in stablecoins, with the operator profiting $463,000. The stolen funds are typically converted into ETH or the non-freezable stablecoin DAI, and ultimately consolidated into a specific fee wallet, which currently holds tokens worth $2.23 million. Vanilla evades tracking by creating new contracts for each malicious website and frequently changing domain names.
- 13:44U.S. stocks open lower, Dow Jones down 0.19%, Pinduoduo falls 1.08% at the openAccording to ChainCatcher, citing Jinshi News, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 0.19%, the S&P 500 Index dropped by 0.15%, and the Nasdaq Composite Index declined by 0.14%. Pinduoduo (PDD.O) opened down 1.08%. Previously, the company’s Q2 revenue exceeded expectations, and its pre-market share price had surged over 10%. Most popular Chinese concept stocks rose, with NIO Inc. (NIO.N) up 5.46% and Alibaba (BABA.N) up 1.94%.
- 13:34Prediction market Kalshi appoints crypto KOL John Wang as Head of Crypto BusinessAccording to ChainCatcher, Bloomberg reports that prediction market platform Kalshi has recently appointed John Wang, a founder-turned-KOL in the crypto space, as Head of Crypto to deepen its presence in digital assets. Before joining Kalshi, Wang served as an advisor to crypto startups and wrote about cryptocurrency and finance on the social media platform X. Wang stated that he dropped out of the University of Pennsylvania to found Armor Labs, which was later acquired by another company. Wang also commented, “Today, all major fintech companies view crypto strategy as a core part of their corporate mission. As for Kalshi’s crypto initiatives, we have several different projects in the pipeline. One of my main initial tasks is to build more trading markets that resonate with crypto culture and keep pace with market trends, directly engaging crypto Twitter users.”