NEAR Protocol Retreats 3% Amid Liquidation Cascade
2025-07-29 16:47
NEAR consolidates within constrained parameters before accelerated institutional selling precipitates breach of critical technical thresholds.
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NEAR consolidates within constrained parameters before accelerated institutional selling precipitates breach of critical technical thresholds.
BlockBeats News: On July 30th, according to a police report from You County, Hunan Province, China, in the early morning of July 24th, the Criminal Investigation Brigade of You County Public Security Bureau, under the command of the bureau's party committee, successfully destroyed a "USDT" fraud den in its jurisdiction. Three suspects, Tang, Zhang, and Xu, were arrested on the scene, and more than 30 mobile phones, more than 10 computers, and more than 30 overseas mobile phone cards were seized. After investigation, the suspect Mr. Tang, Mr. Zhang and Mr. Xu have used several overseas phone cards to register their social tool accounts such as "Probing International", telegraph, WHATSAPP, Twitter, etc. since April 2025, and through the use of the pictures and photos of Mr. suspect Mr. Zhang, they have created specific people such as single, rich and beautiful women, living alone overseas, and currency circle players, luring overseas men over 26 years old to add them as friends, chatting with each other in accordance with the prepared script, cultivating feelings through love first, and establishing a certain emotional foundation. Then ask the other party to purchase cryptocurrency (USDT) into the Trust wallet, and later attract users to click on the website link by introducing their own better mining mechanism, airdrop rewards and other policies. After the victim clicks on the link, the fraud gang can implant a Trojan virus and transfer the cryptocurrency (USDT) in the Trust wallet of the deceived user at will.
According to BlockBeats, on July 30th, according to the 13F report submitted to the SEC, Dongfang Port, led by Dan Bin, once again increased its holdings in the US stock market. As of the end of the second quarter, Oriental Harbor Investment Fund held a total of 13 US stock targets with a market value of $1.126 billion, equivalent to over RMB 8 billion. Significantly increased from $868 million at the end of the first quarter. Data shows that cryptocurrency company Coinbase was newly included in the portfolio of Oriental Harbor Holdings in the second quarter, with a market value of approximately $54.7 million. (Zhitong Finance)
According to BlockBeats, on July 30th, several KOLs, including CryptobraveHQ, recently stated that Kaito's business manager, Wen Yue, is suspected of accepting bribes. Among them, Crypto Fearless stated that Wen Yue charged excessive listing fees to certain projects, and in the name of the overall fee package, collected approximately $200000 in suspected bribes to ensure that project parties were prioritized on Kaito. A veteran driver in the cryptocurrency industry, @ SEFATUBA3, stated that "Wen Yue requires a bridge toll of $30000, which can be given to whitelist or tokens. In response to the above allegations, Wen Moon (@ 0xWenMoon) stated that she has never received any bribes. Anyone who has paid over $150000 is for more professional analysis related additional services (such as Kaito Pro platform) or to speed up scheduling (such as project teams needing to go online to the leaderboard faster to support a certain activity). All payments will be made directly to Kaito, not to me or any other individual
According to Foresight News, Yoni Assia, CEO of Nasdaq listed trader eToro, stated in a recent interview that the company is exploring whether to launch its own blockchain and is currently evaluating some potential collaborations, including Layer 1 and Layer 2, but may also launch eToro's sidechains. Yoni Assia refused to disclose specific details, only stating that if eToro decides to transfer some of its business to the cryptocurrency track, then sidechains will be reasonable.
According to BlockBeats, on July 30th, from 2020 to 2021, the defendants Wan Mouyuan, Chen Mouwen, and Huang Mouyuan engaged in illegal buying and selling of foreign exchange outside of designated trading venues for profit. Among them, the defendant Wan Mouyuan was responsible for contacting customers who needed US dollars, and contacted Huang Mouyuan through Chen Mouwen to transfer the corresponding RMB or USDT (virtual currency Tether) purchased in RMB to the RMB receiving account or USDT receiving address provided by Huang Mouyuan. Huang Moyuan used two Hong Kong company accounts under his control to transfer US dollars online to the receiving company account provided by Chen Mowen, and sent the US dollar transfer receipt (remittance voucher) to Chen Mowen. After the transaction is settled or the customer receives US dollars, they will transfer the RMB purchased in US dollars to the bank account provided by Wanmou Garden, or pay RMB through payment settlement with Wanmou Garden, and finally complete the transaction. According to the investigation conducted by the accounting firm, between November 2020 and March 30, 2021, Wan Mouyuan and Chen Mouwen engaged in illegal foreign exchange trading activities outside the designated trading venues, collecting a total of 230.04 million RMB from customers for purchasing US dollars. The case was initially accepted by the People's Court of Muchuan County, Leshan City, Sichuan Province. The court believed that the case involved the determination of the nature of buying and selling foreign exchange through virtual currency as a medium. Due to differences in the understanding of the legality of virtual currency in different regions, there are differences in the determination of the nature of this behavior in practice; Meanwhile, one of the defendants in the case is a Hong Kong resident who has repeatedly used virtual currency as a payment method to transfer between different currencies for profit. Considering that the situation of this case belongs to a new type within the jurisdiction and has high social attention, we hereby request the Intermediate People's Court of Leshan City, Sichuan Province to elevate its jurisdiction. After trial, the Intermediate People's Court of Leshan City, Sichuan Province, made a judgment on August 28, 2024 (2023) Chuan 11 Xing Chu No. 24: the act of buying and selling foreign exchange outside the trading venues designated by the state, or using virtual currency as a trading medium to convert the value of RMB and USD, disguised buying and selling foreign exchange, and disrupting the order of the financial market, constitutes the crime of illegal business operation. The defendant Wan Mouyuan committed the crime of illegal operation and was sentenced to six years in prison and fined RMB 740000. Wan Mouyuan is also involved in other crimes and has been sentenced to 13 years and 6 months in prison with a fine of RMB 1.14 million. The defendants Huang and Chen committed the crime of illegal business operations and were sentenced to five years and six months in prison and two years and six months in prison, respectively, and fined RMB 710000 and RMB 250000. After the first instance verdict, the defendant complied with the verdict and withdrew from prosecution, and the procuratorate did not object. The verdict has taken legal effect. (Red Star News)