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Web3 Venture Capital Sees Soaring Total Value Locked, But Transaction Volume Plummets, Signaling Investors Shifting from Broad Coverage to More In-Depth, Strategic Bets.
Share link:In this post: Seoul police caught a $13M crypto conman after he tossed a cigarette and tried to flee. He’d been on the run since 2020, wanted on 10 charges including fraud and assault. Other scammers like James Zhong and “Razzlekhan” also slipped up due to dumb mistakes.
Share link:In this post: The Dow jumped 846 points to close at a record 45,631.74 after Powell signaled rate cuts may start next month. The S&P 500 and Nasdaq gained over 1.5%, driven by strong tech stock rallies. Gold, silver, and other metals rose as the U.S. dollar dropped sharply following Powell’s comments.
Share link:In this post: Apple filed a lawsuit claiming that Oppo hired Chen Shi, a former Apple Watch engineer, and encouraged him to take confidential health-sensing data to build a competing wearable. Before leaving Apple in June, Shi allegedly downloaded 63 internal documents. Apple says this case fits a broader pattern, referencing past incidents involving trade secrets going to China.
Share link:In this post: A 12-year-old USPTO document has sparked claims that the U.S. government owns the “XRP” patent. While real, the document was initiated by OpenCoin, the now Ripple. Ripple Labs currently has 67 trademark applications and 18 approved patents.
Seven major asset managers, including Grayscale and Franklin Templeton, updated their filings for spot XRP ETFs on August 22, shortly after the Ripple–SEC case concluded.
Currently at a $600 Billion market cap, ranked as the 25th largest tech company in the world
- 02:17Futu Q3 Financial Report: Virtual asset holdings increased by 90% quarter-on-quarter, trading volume up 161%According to ChainCatcher, Futu Holdings announced its financial report for the third quarter ended September 30, 2025. The company’s total revenue reached HKD 6.403 billions (approximately USD 823 millions), representing a year-on-year increase of 86.3%. Under Non-GAAP, the revenue is expected to be about HKD 3.312 billions (approximately USD 426 millions), a year-on-year increase of 136.9%. In terms of virtual assets, there was a surge in demand on the Futu platform, with trading volume increasing by 161% quarter-on-quarter, the number of traders rising by 87%, and asset scale growing by 90%.
- 02:17Data: Machi increased ETH long positions to 3,775, with an unrealized profit of approximately $130,000According to ChainCatcher, citing Ember, the address "Maji" deposited another $235,000 early this morning, increasing their ETH long position to 3,775 ETH, with a notional position of approximately $11.7 million; the entry price was $3,067, the liquidation price is $2,984, and the current unrealized profit is about $130,000.
- 02:11USDai will raise the USDai limit by 250 millions USD at 1:00 AM on November 20.Jinse Finance reported that the stablecoin project USDai announced on X platform that it will increase the USDai quota by $250 million at 1:00 AM on November 20 (GMT+8). The minting of the new USDai will take place on the Ethereum mainnet, and all newly minted USDai and sUSDai will be distributed on the Base network. This move is part of USDai's expansion to the Base network.