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Monochrome Exchange launched the MCR IEO, raising over 5.5 million USDT

According to monitoring by Lookonchain, Monochrome Exchange, an Australian digital asset management company founded by Jeff Yew, former co-founder and CEO of Binance Australia, has launched the MCR token IEO, raising over 5.5 million USDT to date.The total supply of MCR is 210 million tokens, of which 5%, or 10.5 million tokens, are allocated for this public IEO. The IEO tokens will be locked for 1 month after the TGE, followed by a 3-month linear release. MCR holders can enjoy discounts on spot and derivatives trading fees, priority subscription rights for Digital IPOs and token issuances, and can earn rewards through staking, enhance Launchpad quota weight, and participate in node programs, while also engaging in platform governance through Monochrome DAO.20% of the platform's net profit will be used for open market repurchases of MCR and destruction each quarter, while 25% of the Digital IPO fee income will be included in the quarterly repurchase and destruction fund, aiming to continuously reduce the circulating supply of MCR through platform business growth.On September 13, 2021, Monochrome announced the completion of a $1.8 million Series A financing round, co-led by Litecoin founder Charlie Lee, Blockstream Chief Strategy Officer Samson Mow, former Binance Chief Financial Officer Wei Zhou, and founders of Blueshyft and DeFi protocol Synthetix, Kain Warwick, with a post-investment valuation of approximately $15 million.On August 18, 2022, Monochrome Asset Management obtained the country's first financial services license (AFSL), which will be used to issue cryptocurrency-related exchange-traded funds (ETFs).

Zhao Changpeng: There is no ability to influence the price of the cryptocurrency market; posting and the timing of positive news are purely coincidental

Binance founder Zhao Changpeng stated during the podcast "When Shift Happens" that he remains bullish on Bitcoin but denies having the ability to influence the price of the entire crypto market. Previously, on August 19, when Bitcoin was around the $60,000 range, Zhao Changpeng posted that if one wants their future self to thank today's decisions in two years, immediate action is needed. This post was interpreted by the market as a hint to buy Bitcoin, and in the following days, the crypto market rose by about 20%.Zhao Changpeng responded that he does not have the ability to drive the entire market price. He stated that he has always been bullish on the crypto industry, and almost all of his posts have a bullish tendency, posting 5 to 10 times a day, so it is not surprising that one of his posts coincidentally appeared before positive news.Zhao Changpeng mentioned that about 5 hours after the post was published, Trump gave a relatively positive speech about the crypto industry, mentioning the push for Hyperliquid to enter the U.S. market, but he did not know the content of the speech in advance. He emphasized that if he had any information that could affect the market, he would not post about it. Therefore, the post and the subsequent market rise were merely a coincidence in timing.Regarding the Bitcoin cycle, Zhao Changpeng stated that the crypto market has roughly followed a four-year cycle to date. At that time, some speculated that Bitcoin might bottom out in October, but he believes there is no need to wait until October to express a bullish view.

Zhao Changpeng: Does not oppose Hyperliquid, welcomes more DEX to participate in competition

Binance founder Changpeng Zhao stated during his appearance on the podcast "When Shift Happens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but when calculated based on individual wealth allocation, the penetration rate of cryptocurrency assets may be less than 1%, indicating that the industry is still in its early stages.Changpeng Zhao mentioned that some members of the Hyperliquid community are trying to establish their own community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very good for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry.Changpeng Zhao also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often further optimize based on the groundwork laid by the pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire cryptocurrency industry.

Caixin: Poker expert Hu Zheweng has suffered three consecutive losses in the cryptocurrency market and has filed a lawsuit against Jump Trading and Chinese professor Zhang Yongfeng

According to Caixin, poker master and seasoned cryptocurrency investor Hu Zheweng made significant bets during the three waves of cryptocurrency frenzy involving ICOs, algorithmic stablecoins, and AI tokens, but faced consecutive failures. Hu Zheweng claimed to have invested in the blockchain project Stratis, achieving a return of "over 1000 times."According to disclosed information, Hu Zheweng invested approximately 80 million USD in algorithmic stablecoin TerraUSD (UST) and its sister token LUNA from May 2021 to May 2022, with the peak market value of his holdings exceeding 800 million USD, but the price of LUNA subsequently nearly dropped to zero.In addition, Hu Zheweng has filed a lawsuit in Chicago, USA against the globally renowned quantitative trading firm Jump Trading and its related companies and executives in the cryptocurrency business, seeking at least 500 million USD in damages. After experiencing Stox and Terra, Hu Zheweng has not left the cryptocurrency market; last January, he bet on a new project by a Chinese computer professor Zhang Yongfeng. Zhang Yongfeng entered the Computer Science Department of Tsinghua University in 2007 and is currently a tenured associate professor in the Computer Science Department at Rutgers University in the USA. He has been sued by Hu Zheweng on multiple charges including "securities fraud." It is reported that the tokens issued by the organization founded by Zhang Yongfeng, in which Hu Zheweng invested millions of dollars, have fallen over 99.6% from their peak in 2025.

first_img Bitget suspected of being hacked, approximately 183 million USD in assets flowed out from the exchange wallet

According to Decrypt, on-chain data shows that approximately $183 million in crypto assets flowed from a wallet marked as Bitget to a newly created address. Bubblemaps and Arkham analysts flagged this unusual activity on September 24, stating that Bitget may have been hacked. The funds were transferred from the exchange's hot and cold wallet reserves within about an hour, involving tokens such as ETH, USDT, USDC, AVAX, BNB, and XAUT.The first anomaly came from the hot wallet. A new address starting with 0xe410 utilized $19.67 million in USDT within 6 minutes, exchanging it for 7,111 ETH through UniswapX and 1inch Fusion, with the transaction price about 5% higher than the market price. On-chain researcher DCF GOD pointed out that subsequently, more wallets marked as Bitget transferred ETH, AVAX, BNB, USDC, USDT, and XAUT to the same address. The outflow of funds stopped about 6 minutes after the first suspicious transaction and remained silent for at least 20 minutes thereafter.Some users reported that withdrawals were blocked, and Bitget has not issued a public statement nor responded immediately to Decrypt's request for comment. On-chain analysts stated that the marked Bitget wallets still hold approximately $500 million in assets. Bitget had launched a $300 million protection fund in 2023 to cover losses from hacks, thefts, and other incidents.
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