ChainCatcher news, according to RootData, the project OX.FUN (OX), ranked 11 in the "Web3 Popular Projects Ranking," has seen a 24-hour increase of over 37%, currently priced at $0.005618.According to RootData, OX.FUN is a platform for trading cryptocurrency derivatives. Using the platform token OX as collateral, it employs a dual-token model mechanism that allows trading users to earn token rewards regardless of profit or loss, providing a gamified trading experience. The project was founded by Kyle Davies and Su Zhu, co-founders of Three Arrows Capital.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention by analyzing 4.3 million real user behavior data points, improving the accuracy of user investment decisions. The ranking is calculated in real-time based on weighted factors such as the frequency of searches by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, Su Zhu posted on platform X that he has bought some Bittensor (TAO) at the price of $469. Although he doesn't quite understand the project, he really likes its trend.Market data shows that TAO is currently quoted at 467 USDT.

ChainCatcher news, Su Zhu posted that if the Ethereum spot ETF is really approved, then ETH will rise 80% from $3,000, reaching $5,400, and Bitcoin will rise to $80,000 (with an ETH/BTC exchange rate of 0.0675), which would also be a new high for ETH prices.Previous news, Su Zhu stated on X: "Compared to the ETF itself, today's price movement more clearly shows the amount of off-market funds waiting, ready to buy at any catalyst that appears. Even if the ETF is rejected, although it will take longer, the price will eventually rise. This is the study of predetermined certainty."

ChainCatcher message, Su Zhu stated on X: "Compared to the ETF itself, today's price movement more clearly shows the amount of off-market funds waiting on the sidelines, ready to buy at any catalyst. Even if the ETF is rejected, although it will take longer, the price will eventually rise. This is the study of predetermined certainty."

ChainCatcher news, Su Zhu posted on platform X stating that venture capitalists (VCs) will go from mocking Meme coins to arrogantly insulting them, and finally realize that the era of high FDV / low float is over within two months.Among the tokens that have performed poorly in the past month, 95% of them will never return to their original prices.

ChainCatcher news, Su Zhu posted on platform X stating that he believes multiple CEXs will list FRIEND this week.

ChainCatcher message, Su Zhu stated on platform X that Ethena has created an interesting dynamic. Normally, if people choose to hold spot positions and short contracts for funding rate arbitrage, when the rate returns to neutral, they might start to cover their contracts and go long again. However, due to the presence of Ethena, some positions are now staked and have turned into USD (referring to some spot and futures shorts that have been collateralized to mint USDe in a combined form). This could mean that ETH may experience a deeper pullback and a quicker rebound.Note: Ethena Labs is the development team behind the stablecoin USDe. The characteristic of USDe is that its collateral assets are composed of an equal amount of spot ETH and short positions in futures ETH.

ChainCatcher message, Zhu Su tweeted that FTX is selling linear unlocked Solana tokens at a significant discount, while cryptocurrency traders are paying large sums to go long, presenting a polarized situation. He stated that if SBF were present, he would seriously address this issue.

ChainCatcher news, Su Zhu, co-founder of Three Arrows Capital, stated that the perpetual contract trading platform OX.FUN will launch updates next month, including:Multi-collateral (accepting Ethereum, stablecoins, and OX);OX fee staking vault: all trading fees belong to OX holders;Copy trading, including former Three Arrows Capital co-founders Kyle Davies and Su Zhu;OX token upgrade.

ChainCatcher news, according to CNBC senior reporter Clement Tan, Three Arrows Capital co-founder Su Zhu faced a lengthy inquiry in a Singapore court regarding the collapse of the cryptocurrency fund for the first time, providing liquidators with the opportunity to gather information to help creditors recover billions of dollars.

ChainCatcher news, according to official sources, the Monetary Authority of Singapore (MAS) has issued a nine-year ban against Mr. Zhu Su and Mr. Kyle Livingston Davies. Both individuals will be prohibited from engaging in any regulated activities and from managing, serving as directors, or becoming major shareholders of any capital markets services company.The Monetary Authority of Singapore accused Three Arrows Capital of providing false information and failing to notify it of the changes in directorship and shareholding of Mr. Zhu and Mr. Davies, as well as exceeding the asset management limits allowed for registered fund management companies. Furthermore, the Monetary Authority of Singapore found that Three Arrows Capital violated certain SFA and SFR regulations between August 2020 and September 2020.Loo Siew Yee, Assistant Director of the Monetary Authority of Singapore, stated: "The senior management of fund management companies must implement sound risk management measures to protect the interests of investors. The Monetary Authority of Singapore takes seriously the blatant disregard for regulatory requirements and the misconduct of Mr. Zhu Su and Mr. Davies. The Monetary Authority of Singapore will take action to remove senior management personnel involved in such misconduct."

ChainCatcher news, according to Bloomberg, the Dubai Virtual Assets Regulatory Authority (VARA) stated that it imposed a fine of 10 million dirhams (approximately 2.7 million USD) on OPNX in May, but it has not been paid to date. Subsequently, the regulatory agency announced that Su Zhu and Kyle Davies, along with two co-founders of OPNX, were personally fined 200,000 dirhams (approximately 54,451 USD) for failing to comply with marketing, advertising, and promotional rules.VARA stated that it has decided to take appropriate action against OPNX, which may include further fines, penalties, and/or any necessary actions. VARA indicated that it discovered in February that OPNX was soliciting users and collecting personal data. OPNX CEO Leslie Lamb stated in May that OPNX is cooperating with VARA's investigation and does not believe it has violated any regulations.

ChainCatcher news, according to CoinDesk, Sotheby's will hold the second auction of Three Arrows Capital NFT collectibles on June 15, featuring 37 works by artists such as Dmitri Cherniak, Tyler Hobbs, and Jeff Davis.Highlights of this batch of NFTs include Cherniak's Ringers #879, a groundbreaking generative art piece, which is referred to as "the goose" due to its resemblance to birds. In August 2021, Three Arrows Capital co-founders Su Zhu and Kyle Davies purchased this collectible for approximately 1,800 ETH—worth about $5.8 million at the time. (source link)

ChainCatcher news, according to Bloomberg, the Dubai Virtual Assets Regulatory Authority issued a written reprimand on April 18 to Su Zhu and Kyle Davies, as well as two other co-founders of OPNX and its CEO. This was due to their operation and promotion of the new digital asset trading platform OPNX without the necessary local licenses.The regulatory authority stated: OPNX has been marketing on social media platforms but has not established the necessary restriction rules for Dubai/UAE residents. VARA indicated that it will continue to investigate OPNX's activities to assess any further corrective measures that may be needed. (Bloomberg)

ChaiinCatcher news, Open Exchange (OPNX) CEO Leslie Lamb revealed in an interview with 0x137 that OPNX hopes to become the largest cryptocurrency exchange in the future, attracting users through debt claim and retaining them through diversified trading in Crypto.Su Zhu and Kyle Davies made significant contributions in the early ideas and vision, but are currently not involved in the daily operations of OPNX.Leslie Lamb also stated that in terms of claims, OPNX is not only a debt trading channel but also a pricing channel. Even users who cannot use the platform due to regulatory restrictions can leverage OPNX's debt pricing to assist their OTC debt trading. OPNX's asset proof is provided by a third-party auditing firm, and there is no internal market-making team; individual market makers are invited, which is why the initial trading volume is very low. (Source link)

ChainCatcher news, the official Twitter account of the crypto trading platform Open Exchange (OPNX), founded by Three Arrows Capital founders Su Zhu and others, has reportedly been frozen.Previous report, on April 4, Su Zhu and others announced the official launch of the crypto claims and trading platform Open Exchange (OPNX). OPNX currently supports cryptocurrency spot and derivatives trading services. In addition, OPNX stated that it will soon support user claims for Celsius and FTX assets. (Source link)