BTC $84,096.38 -2.76%
ETH $2,687.34 -2.53%
BNB $772.29 -2.48%
XRP $1.51 -7.74%
SOL $114.94 -3.57%
TRX $0.3430 -0.28%
DOGE $0.0946 -7.92%
ADA $0.2409 -6.96%
BCH $340.52 -1.54%
LINK $12.42 -5.01%
HYPE $92.79 -4.68%
AAVE $140.24 -7.76%
SUI $0.9638 -6.86%
XLM $0.2033 -8.48%
ZEC $1,524.06 -5.39%
AAPL $336.30 -1.25%
AMZN $248.09 -3.12%
GOOGL $338.94 -3.95%
MSFT $498.08 -0.50%
META $735.37 -0.68%
NVDA $224.23 -2.11%
TSLA $377.83 -0.42%
SNDK $1,776.62 -5.94%
INTC $120.74 -2.95%
SPCX $148.38 -3.87%
MU $1,056.82 -3.78%
AMD $606.90 -2.83%
BTC $84,096.38 -2.76%
ETH $2,687.34 -2.53%
BNB $772.29 -2.48%
XRP $1.51 -7.74%
SOL $114.94 -3.57%
TRX $0.3430 -0.28%
DOGE $0.0946 -7.92%
ADA $0.2409 -6.96%
BCH $340.52 -1.54%
LINK $12.42 -5.01%
HYPE $92.79 -4.68%
AAVE $140.24 -7.76%
SUI $0.9638 -6.86%
XLM $0.2033 -8.48%
ZEC $1,524.06 -5.39%
AAPL $336.30 -1.25%
AMZN $248.09 -3.12%
GOOGL $338.94 -3.95%
MSFT $498.08 -0.50%
META $735.37 -0.68%
NVDA $224.23 -2.11%
TSLA $377.83 -0.42%
SNDK $1,776.62 -5.94%
INTC $120.74 -2.95%
SPCX $148.38 -3.87%
MU $1,056.82 -3.78%
AMD $606.90 -2.83%

secret

All
Article
Flash

first_img U.S. Treasury Secretary Janet Yellen strongly urged the Senate to pass the Clarity Act

U.S. Treasury Secretary Scott Bessent posted on the X platform, strongly urging the Senate to advance the legislative process of the cryptocurrency Clarity Act after the August recess. He stated that the bill would prevent "bad actors" from exploiting important digital asset technologies and called on all parties to stay at the negotiating table, agree to procedural motions, and continue the legislative process.Bessent warned that failing to pass the bill would send a troubling signal to allies and adversaries, indicating that the U.S. is unwilling to lead the future of digital assets and is willing to forgo national security tools to combat the abuse of digital assets. In July of this year, Bessent stated that if one wants to stand on the side of "American exceptionalism," the Clarity Act must be passed, citing remarks from Satoshi Nakamoto.The Clarity Act was passed by the House last year and aims to establish a regulatory framework that clearly delineates the regulatory classification of digital assets as securities, commodities, or stablecoins. The bill has stalled this year due to disagreements between banking lobbyists and cryptocurrency companies over stablecoin revenue issues. A new draft in July prohibits government officials from promoting cryptocurrencies or profiting from them, but some Democrats still believe the bill is inadequate and demand amendments. President Trump also urged lawmakers to push the bill through.

first_img Secret Network increased the supply by approximately 1.079 billion SCRT, diluting the supply by about 75%

According to CryptoSlate, after the approval of proposal 365, the privacy public chain Secret Network based on Cosmos upgraded to v1.26.0 on August 21, minting approximately 1.079 billion SCRT in a one-time issuance to maintain network operations before SCRT Labs stops support on September 1. After the upgrade, the total supply increased to approximately 1.443 billion, with the absolute balance of original holders remaining unchanged, but their total proportion decreasing to about one-quarter, resulting in a dilution of approximately 75%.The distribution of the new issuance includes: 299 million for the foundation and core development program each, 178 million for the ecological fund, 72 million for advisors, research and development, and validators each, 43 million for builders and relayers, and 44 million for remedial purposes. The v1.26 economic model allows approximately 308.4 million SCRT to be circulated on the first day and sets a continuous inflation rate of 5%. The community previously rejected SCRT Labs' proposal 360 regarding the migration to Arbitrum snapshots.SCRT Labs has indicated that regardless of the voting results, it will end development and related support for this Cosmos-based L1 on September 1. The chain itself has no plans to halt, and subsequent development, infrastructure, and validator participation will need to be undertaken by the community. This new issuance aims to provide resources and incentives for continued operations.

Research: Over 150 Polymarket wallets suspected of utilizing U.S. military secrets for trading, with total profits of approximately 8 million dollars

The latest research from the Anti-Corruption Data Collective (ACDC) shows that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average win rate of 97.2%. However, the research institution emphasizes that blockchain data itself cannot prove the actual identities of the controllers of these wallets, nor can it confirm the sources of their information, and therefore insider trading cannot be established based on this.ACDC analyzed settled markets on Polymarket, focusing on "low probability high stakes" behaviors, which are trades that cumulatively bet at least $2,500 within one hour, with corresponding outcome probabilities not exceeding 35%. The study identified 556 wallets with abnormal trading patterns, of which 152 were involved in military and defense markets. These wallets were referred to by researchers as "Orcas," characterized by their sudden appearance, betting on low probability events, and achieving abnormally high success rates before profiting and exiting.The research found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, and some abnormal trades quickly attracted large traders and automated trading bots to follow. For example, before a U.S. attack on Iranian nuclear facilities in June 2025, an abnormal bet on U.S. military action appeared, after which an automated trading bot subsequently bet $200,000, and another large trader bet $100,000. Researchers also found similar abnormal bets and follow-on trading behavior before the U.S.-Israeli attack on Tehran.David Szakonyi, co-founder of ACDC, stated that the abnormal trading activities on Polymarket are more public than many traders realize, and large traders and bots are already tracking and replicating suspected informed trades, so foreign intelligence agencies may also be monitoring these public on-chain trading activities. The issue of insider trading in prediction markets has recently received ongoing attention from regulatory agencies. In April, the Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, allegedly profiting over $404,000. This case is not directly related to the 152 wallets identified. Additionally, in May, the CFTC also charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 "annual search" rankings, profiting approximately $1.2 million with near-perfect accuracy. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming important reasons for regulatory agencies to strengthen oversight.
app_icon
ChainCatcher Building the Web3 world with innovations.