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Odaily Planet Daily News: The British cryptocurrency fintech company Ziglu, which collapsed earlier this year, faces a funding shortfall of £2 million ($2.7 million), leaving thousands of depositors facing the grim prospect of losing their investments. Reportedly, due to growing concerns over the company’s financial management, Ziglu was placed under special administration last week, after having suspended withdrawal services in May.Ziglu attracted around 20,000 customers with the promise of high-yield returns, especially through its “Boost” product, which offered yields as high as 6%. Launched during the low-interest-rate period of 2021, Boost became popular for its attractive returns. However, the product lacked safeguards or segregation measures, allowing the company to use customer funds for daily operations and lending activities. After the UK Financial Conduct Authority (FCA) intervened in May, withdrawals were frozen, and depositors’ funds have been locked for several weeks. (Cointelegraph)

Odaily Planet Daily – According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring shows that the "insider whale" has increased their FARTCOIN short position to $18.58 million. Currently, all three positions are shorts, with a total unrealized profit of $547,000:BTC 40x short: holding 1,273.58 BTC, valued at $150 million, entry price $117,828.8ETH 25x short: holding 33,742.74 ETH, valued at $99.74 million, entry price $2,966.63FARTCOIN 25x short: holding 15 million FARTCOIN, valued at $18.56 million, entry price $1.2543