Search results for "SOCIAL"
09:26

Analyst: Bitcoin is almost fully priced in the Fed will cut interest rates, and indicators show that short-term bullish momentum has returned

According to BlockBeats news, on December 10th, CryptoQuant analyst Axel posted on social media that Bitcoin has regained its bullish structure after a pullback to $80,000. The move comes against the backdrop of the market almost fully pricing in a third consecutive rate cut by the Fed, which will improve financial conditions and open a window for further asset gains without Powell releasing hawkish surprise signals. Since the peak pullback to the $80,000 range in October, the price has shown a steady upward trend over the past 14 days. The key signal is: the 200-day moving average (DMA) slope (blue histogram) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has stood above the 50-day and 200-day moving averages, and the trend is confirmed. The 52-week high (orange line) forms a key resistance level – once breached, it will be a follow-up
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BTC-1.32%
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07:09

Santiment: After today's Bitcoin rally, the voice of "FOMO" on social media has exploded

According to BlockBeats news, on December 10th, crypto market analysis agency Santiment published an article stating that Bitcoin rebounded today and once returned to the $94,600 mark, which reignited the enthusiasm of traders, causing them to follow the trend and buy in anticipation of further price increases due to fear of shorting. According to data scraped from social media such as X, Reddit, Telegram, and others, calls for "bullishness" and "breakout above" have seen explosive growth. Santiment Sentiment Indicator Analysis: · A high blue histogram represents a general call for "bearish" or "below the market" and usually reflects retail panic (FUD) – when prices tend to rise due to retail selling. A high red histogram represents a general call for "bullish" or "breakout above" in the market, usually reflecting retail investors' fear of shorting (FOMO) -
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BTC-1.32%
06:13

PENGU (Pudgy Penguins) is up 9.70% in 24 hours

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, PENGU (Pudgy Penguins) is now trading at $0.01, up 9.70% in 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour trading volume of $316 million. The current market capitalization is about $785 million, an increase of $69 million from yesterday. PENGU is the social currency of the Pudgy Penguins ecosystem, symbolizing community, culture, and positive values. PENGU allows the expanding Pudgy Penguin fan base and hundreds of millions of non-crypto people who reach and share Pudgy Penguin to The Huddle community. As a global cultural phenomenon, Pudgy Pengu
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PENGU-5.11%
05:49

Andrew Tate questioned why MicroStrategy's increase in Bitcoin has no price impact, sparking a big discussion about market structure and OTC liquidity

Andrew Tate recently posted on social platforms, questioning MicroStrategy's purchase of about 10,000 Bitcoins but failing to drive the price up, a statement that quickly sparked heated discussions in the Bitcoin community. Despite the staggering size of this nearly $1 billion purchase, the Bitcoin price remained in the $88,000 to $92,000 range before and after the announcement, with little market reaction. The discussion focused on a key question: Why didn't such a huge buying order drive spot prices? Industry insiders pointed out that the core reason is that micro strategies usually do not execute buy orders through the open market, but rely on over-the-counter (OTC) to complete large orders. OTC platforms privately match buyers and sellers to complete huge transactions off-chain, avoiding impact on the order book and leaving no traces on the price chart.
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BTC-1.32%
05:24

U.S. House of Representatives has proposed an amendment seeking to include a blanket ban on CBDCs in the National Defense Bill

U.S. Rep. Keith Self (R-Texas) introduced amendments to the National Defense Authorization Act (NDAA) on Tuesday, which aims to prohibit the Federal Reserve from testing, developing, or issuing central bank digital currencies (CBDCs). Whether the amendment can be submitted to a full vote will be decided by the House Rules Committee, which has become a focal point of recent U.S. crypto regulation and digital currency policy. Self said House Republican leaders had previously promised to include anti-CBDC provisions in the NDAA, but were ultimately completely missing from the 3,086-page text of the bill released on Sunday. "My amendment will amend the bill," he wrote on social media, criticizing the leadership for "failing on promises."
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02:29

Trump: I worked the longest hours among presidents, and my achievements are the most outstanding.

BlockBeats news, on December 10, Trump posted on Truth Social: “No president has ever worked as hard as I have! I have worked the longest hours, and my achievements are the most outstanding. I ended eight wars, saving millions of lives; I created the greatest economy in our nation’s history; I brought businesses back to America on an unprecedented scale; I rebuilt our military; I implemented the largest tax cuts and deregulation in history; I closed the open and extremely dangerous southern border, something previous administrations failed to do; I gave America a certain ‘aura’ that made other countries respect us more than ever before.” “In addition, I specifically underwent a long, thorough, and tedious physical examination, personally checked and supervised by top doctors. All the doctors gave me perfect scores—some even said they had never seen such a..."
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06:54

Trump plans to issue an executive order to prevent states from enacting AI regulatory laws, sparking controversy over safety and governance.

President Trump recently confirmed that he will sign an executive order seeking to replace state-level or planned AI regulatory laws with more relaxed federal policies. Trump stated on Truth Social that the United States must maintain “unified rules,” otherwise its leading position in the global AI race could be undermined. He said that if all 50 states set their own regulations, “artificial intelligence will be strangled in its infancy.” This plan has quickly raised concerns among safety organizations, scholars, and bipartisan state legislators. In recent months, as AI technology penetrates everyday life—including healthcare, law enforcement, recruitment, content generation, and communications—states have gradually introduced laws to limit deepfakes and curb algorithmic discrimination. In the absence of comprehensive federal legislation, state-level regulation is seen as an important way to fill the gaps in AI safety.
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01:54

22-year-old American man admits involvement in $263 million Bitcoin fraud case, laundered over $3.5 million

The U.S. Department of Justice has announced that a key figure in a social engineering scam involving $263 million worth of Bitcoin has pleaded guilty. Evan Tangeman, a 22-year-old California resident, admitted in district court to participating in money laundering in violation of the Racketeer Influenced and Corrupt Organizations Act (RICO), involving more than $3.5 million. He is the ninth defendant to plead guilty in the case. The scam operated from October 2023 to May 2025, carried out by gang members distributed across various U.S. states and overseas. The group included hackers, organizers, target identifiers, telephone salespeople, and thieves who stole hardware wallets. Together, they stole approximately 4,100 Bitcoins, which were worth about $263 million at the time and are currently valued at around $371 million. The hackers breached websites to obtain cryptocurrency-related databases, target identifiers singled out high-value victims, and telephone salespeople induced victims to cooperate over the phone, making the entire scam operation highly sophisticated.
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BTC-1.32%
08:00

Farcaster shifts to a "wallet-first" strategy, focusing on trading features to restart its growth curve

Farcaster is undergoing a major transformation of its core strategy, abandoning its long-held “social-first” approach in favor of in-app wallet and trading features as its primary growth engines. Co-founder Dan Romero stated in a recent announcement that for the past four and a half years, the team had been trying to drive growth through social interaction and a third-party client ecosystem, but had never managed to find a sustainable expansion model similar to Twitter (now known as X), resulting in a clear disconnect between the product and the market. Romero noted that the wallet feature launched earlier this year has become Farcaster’s strongest source of user growth to date, as well as the product with the fastest increase in user engagement. He emphasized that the wallet’s trading tools demonstrate the clearest and most stable product-market fit the platform has seen in five years, and therefore will become the core focus for future development. “We are now focused on building a truly outstanding wallet. Every new wallet user is a new protocol user.”
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06:51

Star responds to debt dispute with Li Feng: debt issues will be handled by law

Star responded on social media to the allegations that Moore Threads co-founder Li Feng borrowed 1,500 BTC and failed to return it, stating that the debt issue will be handled according to the law and encouraging attention to positive developments in the future. At the same time, Star disclosed the historical background of the agreement and Li Feng's breach of contract.
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BTC-1.32%
08:17

XRP social sentiment drops to a two-month low, price approaches yearly bottom: Market panic and potential rebound coexist

According to the latest data from Santiment, social sentiment among XRP investors has dropped to its lowest point since October. Meanwhile, the price of XRP remains under pressure, recently falling to $1.92 and approaching this year's lows. While sentiment for Bitcoin is gradually returning to neutral, negative sentiment toward XRP is rapidly accumulating, making it a focal point in the market. Over the past two months, the price of XRP has dropped more than 30%, a year-over-year decrease of about 9%. Against the backdrop of a strong start to Q4 2025, XRP's trend has shifted from optimism to a deep correction. Previous sentiment peaks occurred on September 13, November 8, and November 30, during which XRP's price repeatedly touched the $2.45–$3.20 range and briefly entered the "greed zone." However, in the most recent downturn, social sentiment has shifted to intense panic, with the latest readings even lower than the panic level seen on November 21.
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XRP-3.09%
BTC-1.32%
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08:14

FTT (FTX Token) up 10.97% in 24 hours

According to Gate News Bot on December 5, based on CoinMarketCap data, as of press time, FTT (FTX Token) is currently trading at $0.62, up 10.97% in the past 24 hours, with a high of $0.62 and a low of $0.52. The 24-hour trading volume reached $5.09 million. The current market cap is approximately $204 million, an increase of $20.1 million compared to yesterday. Recent important news about FTT: 1️⃣ **Sam Bankman-Fried returns to social media, FTT price surges** After two years of silence, FTX founder Sam Bankman-Fried posted on X (formerly Twitter) for the first time, drawing market attention. This move directly pushed the price of FTT token up by 30%, reflecting invest
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FTT-2.51%
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07:39

LUNA (Terra) up 10.99% in 24 hours

According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, LUNA (Terra) is currently priced at $0.08, up 10.99% in 24 hours, reaching a high of $0.08 and a low of $0.07. The current market capitalization is approximately $573,000, an increase of $56,800 compared to yesterday. Recent important news about LUNA: 1️⃣ **Industry insiders review and warn about LUNA's historical events** Sandeep Nailwal, co-founder of Polygon and CEO of the Polygon Foundation, recently shared his views on social media, mentioning the significant impact of LUNA in the history of the cryptocurrency market. He expressed hope that other projects in the current market will not repeat LUNA's mistakes, especially those involving Wall Street and retail investors.
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LUNA43.77%
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04:08

Delphi Digital: Multiple factors have led to the market experiencing its first positive net liquidity environment since early 2022

BlockBeats News, on December 4, crypto market research firm Delphi Digital posted on social media stating that the Federal Reserve’s interest rate path for next year is the clearest it has been in years. In December 2025, another 25 basis point rate cut is expected, bringing the federal funds rate down to about 3.5%-3.75%. The forward curve predicts at least three more rate cuts in 2026. If the path remains unchanged, the year-end rate will drop to the low range of around 3%. But rate cuts are only part of the story. Quantitative tightening (QT) ended on December 1. The Treasury General Account (TGA) is planned to gradually decrease rather than be replenished. The overnight reverse repurchase (RRP) has been completely depleted. These factors together have created the first positive net liquidity environment since early 2022. The Secured Overnight Financing Rate (SOFR) and the federal funds rate have already fallen to
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01:54

Yilihua: ETH is still significantly undervalued at present

Liquid Capital founder Yili Hua stated on social media that ETH has surpassed $3,200, emphasizing strong confidence in the future market trend. He believes that the current market still underestimates ETH and encourages investors to be greedy when others are fearful and to continue buying on dips.
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ETH0.6%
01:29

ETH(Ethereum)24-hour increase of 6.45%

Gate News Bot message, December 4th: According to CoinMarketCap data, as of press time, ETH(Ethereum) is trading at $3,206.25, up 6.45% in the past 24 hours, reaching a high of $3,238.56 and a low of $2,720.44. The 24-hour trading volume is $31.16 billion. The current market capitalization is approximately $386.98 billion, an increase of $23.458 billion compared to yesterday. Ethereum is a leading platform for innovative applications and blockchain networks. It provides infrastructure for decentralized applications(DApps) and smart contracts, enabling developers to build a wide range of applications, including finance, gaming, and social networking. Ethereum aims to create a more open and unbiased financial system, allowing billions of people to freely access funds, and serves as a central hub for blockchain innovation.
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ETH0.6%
03:23

PENGU (Pudgy Penguins) is up 26.27% in the past 24 hours, with a current market cap of $764 million.

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, PENGU (Pudgy Penguins) is trading at $0.01, up 26.27% in the past 24 hours, with a high of $0.012. Its current market capitalization is approximately $764 million, an increase of $159 million from yesterday. Pudgy Penguins is an Ethereum-based NFT project consisting of 8,888 uniquely generated penguin NFTs. The project has grown into one of the most influential communities in the cryptocurrency space, from large companies using penguin imagery, to appearances in ETF commercials, to having millions of followers and over 100 billion views on social media. Pengu has become a cultural symbol. The PENGU token allows the ever-expanding Pudgy Penguin fan base, as well as hundreds of millions of people who see and share Pudgy Penguins in their daily lives, to join The Huddle community. PENGU symbolizes community, memes, and positive vibes.
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PENGU-5.11%
03:10

Republican backed by Trump narrowly wins in Tennessee, casting doubts on midterm election prospects

BlockBeats news, on December 3, Republicans avoided an upset loss in the U.S. House election held Tuesday in Tennessee, bringing relief to Trump and his congressional allies. According to predictions by the Associated Press, NBC News, and election analysis website Decision Desk HQ, Trump-endorsed Republican candidate Matt Van Epps is expected to win. Trump praised the Republican victory in a social media post, and Epps also declared victory. However, even with the win, in a district where Trump won by a landslide just a year ago, voters are gradually distancing themselves from the Republican Party. This is the latest data point indicating that Republicans face a challenging outlook in next year’s midterm elections. In a series of elections this year, Democrats have outperformed their vote advantage for the 2024 presidential election. Just a few weeks ago, the party achieved victories in New York City, New Jersey, and Virginia.
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02:35

The U.S. Department of Justice seizes domain names of Myanmar crypto scam rings as Southeast Asia cross-border crackdown escalates

This week, the U.S. Department of Justice (DOJ) seized the domain tickmilleas.com, which is linked to a large-scale cryptocurrency scam operation in Myanmar. This move demonstrates that the U.S. and international regulators are intensifying their crackdown on cross-border scam networks in Southeast Asia. The website, operated by the Tai Chang Group (also known as Casino Kosai) based in Kyauk Khet, posed as a legitimate trading platform, luring victims to deposit cryptocurrency and displaying fake returns. The DOJ noted that although the domain was only registered in November 2025, the FBI has confirmed that several victims have already been defrauded through the site in the past month, losing their investments. The scam group typically targets victims via social media, dating apps, and instant messaging platforms, establishing virtual intimate relationships before inducing them to make crypto investments through fraudulent platforms.
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01:47

Kalshi becomes the official prediction market partner of CNN, accelerating the entry of prediction data into mainstream media.

The prediction market platform Kalshi announced today that it has officially become CNN's official prediction market partner, with its real-time event probability data fully integrated into CNN's programming and news reporting processes. According to Kalshi's statement, CNN's newsroom, data team, and production team will be able to directly access Kalshi's real-time predictive data on future cultural, political, and social events, providing more forward-looking reference indicators for program content. Under the leadership of CNN's chief data analyst Harry Enten, Kalshi's data will appear in multiple programs as an important basis for supplementary analysis. In addition, CNN will introduce a new real-time prediction market data ticker provided by Kalshi, allowing viewers to sync the latest changes in the prediction market while watching the programs.
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13:18

Bubblemaps: Discovered 26 addresses that withdrew $96 million worth of PIPPEN Token from CEX within two months.

Golden Finance reports that Bubblemaps posted on the X platform that the PIPPIN project started in 2024, but due to a big dump in price, the community has almost forgotten about the project. However, in the past two weeks, the price of PIPPIN Token has risen by about 10, and the market capitalization increased from 20 million dollars to 220 million dollars. During this period, the team provided no updates and there has been no project progress, with their social media remaining inactive for six months. Tracking on-chain data reveals that 26 Addresses have withdrawn PIPPEN Tokens worth 96 million dollars from CEX within two months, with most withdrawals occurring on October 24 and November 23. The timing, amounts, and funding patterns indicate that these wallets are operating in coordination, and further investigation will be conducted.
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PIPPIN12.77%
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08:14

Japan has launched the "Government Efficiency Department" (DOGE) initiative, reforming tax incentives and subsidies.

The Japanese government recently launched the "Government Efficiency Department" (DOGE) initiative, aimed at reforming long-standing special tax measures and subsidies. Finance Minister Katayama pointed out that temporary tax reductions could lead to an annual revenue shortfall of about 15 trillion yen, thus there is an urgent need for objective indicators to assess tax expenditures. The Cabinet Secretariat has established an "Office for Special Tax Measures and Subsidy Review," with about 30 staff members responsible for reviewing various tax incentives, particularly the actual effects of corporate tax incentives. Katayama emphasized that public participation is crucial, and the government will collect public opinions before the end of the year to enhance the transparency of the reforms and social recognition.
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02:53

CYBER (Cyber) rose 10.95% in the last 24 hours.

Gate News Bot news, on December 2nd, according to CoinMarketCap data, CYBER (Cyber) is currently priced at $0.88, rising 10.95% in the last 24 hours, with a peak of $0.94 and a low of $0.76. The current market capitalization is approximately $50.3 million, an increase of $4.97 million compared to yesterday. CYBER is a Layer 2 solution based on Ethereum, focusing on Web3 social. The Cyber network aims to bring social primitives to the blockchain, creating new connections, creations, and experiences for artificial intelligence and users to engage with cryptocurrency. The CYBER token is used to own, govern, and protect the Cyber network. Cyber also provides an AI suite that offers cryptocurrency intelligence to developers, agents, and users, helping to transform crypto data into trustworthy insights. CYB
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CYBER0.69%
00:21

Vanguard will allow trading of Bitcoin and certain encryption asset ETFs and mutual funds starting tomorrow.

BlockBeats news, on December 2, Bloomberg ETF analyst Eric Balchunas posted on social media that global asset management giant Vanguard will allow trading of ETFs and mutual funds (MFs) that track Bitcoin and some other encryption assets on its platform starting tomorrow. He stated that these ETFs have been tested during multiple periods of Fluctuation, and their trading performance meets design expectations.
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BTC-1.32%
00:18

The ASTER team has initiated the 4th phase buyback ahead of schedule, with the start date adjusted to December 2.

Odaily News The ASTER team posted on social media that, in light of the current market fluctuation, they will advance the start of the Phase 4 buyback by 8 days, with the new start date being December 2 (originally scheduled for December 10). The team stated that the execution wallet address and related operational details will be disclosed after the buyback is completed on the first day, while the other buyback parameters remain unchanged.
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ASTER1.23%
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22:04

CryptoQuant CEO: Selling BTC when mNAV is below 1 is not a wise move.

Golden Finance reports that Ki Young Ju, founder and CEO of CryptoQuant, stated on social media that selling BTC when the mNAV (the ratio of the company's value to the value of its held Bitcoin) is below 1 is not a wise move. While this action may benefit MSTR shareholders in the short term, it will ultimately harm BTC, thereby also damaging MSTR's interests and creating a death spiral. Previously, the CEO of Strategy stated, "I will only sell Bitcoin when the mNAV falls below 1 and financing is not possible."
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BTC-1.32%
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08:30

Vitalik: Memes are reshaping English, and the English internet has begun to form its own "idiomatic system".

Odaily News Ethereum founder Vitalik Buterin stated that memes and emojis are driving the English language towards a more "pictographic" evolution. English social media has even begun to form highly abstract expressions similar to Chinese idioms. He used the meme "leopard eats human face" as an example, saying that these types of memes no longer require text and can represent complex contexts with just an image, becoming emerging "deep meaning symbols" in the English system.
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ETH0.6%
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10:22

A major system failure at CME has led to a suspension of global futures trading, with Bitcoin and Ethereum futures being taken offline simultaneously.

The Chicago Mercantile Exchange Group (CME Group) was forced to suspend all trading on its Globex platform due to a failure in the data center cooling system, affecting global stock, commodity, and Crypto Assets markets. CME noted in a statement that the issue stemmed from an abnormality in the cooling system of the CyrusOne data center, and the technical team is working hard to restore the system and will provide updates on pre-market trading as soon as feasible. The impact of this interruption is vast. CyrusOne operates over 55 data centers in the United States, Europe, and Japan, and the failure has led to a halt of all futures and options contracts at CME, including major currency pairs, crude oil, palm oil, and Crypto Assets related products. Multiple traders have described this event as a "nightmare" and have called on social media for CME to compensate for the losses incurred due to the trading freeze during the interruption.
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BTC-1.32%
ETH0.6%
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06:58

Korea Financial Services Commission Chairman: Strictly crack down on Money Laundering of Crypto Assets, travel rule supervision scope expanded to below 1 million won.

PANews reported on November 28th that, according to Yonhap News Agency, on the 28th local time, the Chairman of the Financial Services Commission of South Korea, Lee Ik-yeon, stated at the "19th AML Day" commemorative ceremony held at the Financial Intelligence Analysis Institute that the regulatory scope of the "travel rule" known as the "real-name system for Crypto Assets" will be expanded to transactions below 1 million won (approximately 680 USD). He emphasized that there will be a strict crackdown on Money Laundering activities conducted through virtual asset transactions and prohibited virtual asset transactions with overseas exchanges that have a high risk of Money Laundering. In addition, a strict review mechanism will be established to comprehensively review the criminal records, financial status, and social credit of major shareholders of virtual asset operators.
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06:32

Infinex Founder: The Relaunch of ICO Aims to Abolish the "Low Liquidity, High FDV" eyewash System

According to BlockBeats news, on November 28, kain.mega, the founder of Infinex, stated on social media that it should be made clear that the intention behind Infinex's restart of the ICO is not to guarantee profits for everyone, but to eliminate the eyewash system of "low Circulating Supply and high Fully Diluted Valuation"—in that model, no one can profit except for three venture capital institutions.
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05:16

BANANA (Banana Gun) has pumped 11.02% in the last 24 hours, with a current market capitalization of approximately $34.8 million.

Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, BANANA (Banana Gun) is currently priced at 8.68 USD, having risen 11.02% in the last 24 hours, reaching a high of 9.48 USD and a low of 6.98 USD, with a 24-hour volume of 40.4 million USD. The current market capitalization is approximately 34.8 million USD, an increase of 3.45 million USD compared to yesterday. Recent important news about BANANA: 1️⃣ **The hype in the meme coin market is rising** The cryptocurrency market has recently shown a lively trend, with the meme coin sector receiving widespread attention from investors. As one of the emerging meme coins, BANANA's unique "banana gun" concept has sparked heated discussions on social media, driving a short-term rise in price.
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BANANA-3.26%
00:47

Alliance DAO Co-founder: It's hard to convince myself to hold L1 Token for the long term, as there is no "moat".

BlockBeats news, on November 28, Alliance DAO co-founder QwQiao posted on social media stating, "The reason I find it difficult to convince myself to hold L1 public chain tokens long-term is not because their price-to-earnings (P/E) ratios are high, but because they lack a moat. Without a moat, they will become commoditized and fail to capture meaningful value. Nowadays, users can easily transfer across chains. Apart from a few complex smart contracts, most application developers can quickly migrate from one chain to another. Moreover, launching a new chain is easier than ever. The switching costs for Blockchain are far less than that of infrastructures like AWS. The only way I see chains strengthening their moats is by verticalizing and controlling the Application Layer. My observation is that Solana, Base, and...
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SOL-2.8%
HYPE2.01%
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11:54

MicroBit Capital announces a donation of $100,000 to support the fire rescue efforts in Tai Po, Hong Kong.

Hong Kong Xiaofei Asset Management Co., Ltd. urgently donated $100,000 to support the community affected by the Tai Po fire, reflecting corporate social responsibility. The donation will be distributed to affected families and rescue personnel through the Hong Kong Youth Student Power Fund, while also innovatively launching channels for donations in both traditional and virtual assets.
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08:19

BANANAS31 (Banana For Scale) has pumped 47.41% in the last 24 hours.

Gate News Bot news, on November 27, according to CoinMarketCap data, as of the time of writing, BANANAS31 (Banana For Scale) is currently priced at 0.01 USD, up 47.41% in the last 24 hours, with a high of 0.01 USD and a low of 0.00 USD. The current market capitalization is approximately 54.1 million USD, an increase of 1.74 million USD compared to yesterday. Important news about BANANAS31 recently: 1️⃣ **Meme coin market heat rises** Recently, the meme coin market has shown an active trend, and BANANAS31, as one of the emerging meme coins, has attracted the attention of investors. Its unique "banana scale" concept has sparked discussions on social media, driving a rise in price in the short term. 2️⃣ **Community Participation Increase** BANANAS31 project
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BANANAS31-9.48%
05:54

A "Killing Foreign Plate" scam gang in Changsha defrauded 340,000 yuan using Virtual Money, 11 people were convicted.

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.
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13:59

Vitalik: It is expected that the Ethereum Gas limit will continue to rise next year.

BlockBeats reported that on November 26, Ethereum founder Vitalik Buterin stated on social media that "the Ethereum Gas limit is expected to continue to rise next year, but the growth targets are clearer, and the rate of increase will be reduced. For example, one possible future scenario is to increase the Gas limit by 5 times while raising the Gas cost for operations with relatively lower processing efficiency by 5 times."
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ETH0.6%
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09:45

Polymarket embroiled in a racial discrimination controversy, official silence incites public outrage

Tuesday was supposed to be a day of celebration for the prediction market platform Polymarket - the company was officially granted permission to operate in the United States. However, this milestone moment was completely overshadowed by racist remarks posted on its social media account, causing a huge uproar. The controversy originated from a message posted by the account @PolymarketTrade under Polymarket, which used derogatory terms such as "Jeets" to refer to South Asian and Nigerian users, claiming it would revoke their platform badges. It is reported that "Jeets" is an insulting term for people of Indian descent and other South Asian communities. Although the post has been deleted, it has sparked a strong backlash on the social media platform X.
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