usdt

USDC

steth

doge

wbeth

wbtc

link

USDE

HYPE

avax

usds

hbar

shib

WLFI

aave

JITOSOL

pepe

COAI

near

ASTER

USD1

pyusd

ondo

RETH

USDtb

algo

atom

xaut

PENGU

BFUSD

RENDER

PUMP

LBTC

paxg

TRUMP

bonk

nexo

cake

fdusd

MORPHO

METH

msol

RLUSD

index_fgi

恐惧和贪婪指数

MAG7

SoSoScholar

SoSoScholar2025 - Submission Timeline & Suggested Themes

SoSoScholar2025 - 提交时间表 & 建议主题

SoSoValue 研究竞赛 S3 启动，奖金池为 10 万美元

SOSO

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block" data-node-type="blockContainer" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>The wait is over. SoDEX is coming.</strong>

AI-powered investment research platform SoSoValue has announced the testnet launch of its incubated high-performance trading chain SoDEX. Starting from 9:00 PM (HKT) on June 16, global users can apply for whitelist access through the official website. 

SoDEX supports on-chain order book trading for both spot and derivatives markets. It is built on ValueChain, a proprietary Layer 1 blockchain developed in-house by SoSoValue. ValueChain is tailored for financial-grade applications, featuring high throughput, multi-chain compatibility, and modular scalability. It consists of two core components: an EVM-compatible System Chain, and high-performance Application Chains —together enabling a secure, efficient, scalable and robust trading infrastructure for SoDEX.<br>
<strong>Why SoDEX?</strong>
Seamless – One-stop research and trading, directly integrated with SoSoValue
Order book-based – Familiar CEX-style UX with real-time, intuitive execution
Secure – Self-custodial, regulation-aware, and institution-ready
Open – Fully onchain, borderless, transparent — no intermediaries
SoDEX supports spot, RWA, perpetuals, and more — all with unified liquidity and instant settlement.<br>
<strong>Why Join the Testnet?</strong>
Whitelisted users will gain early access to SoDEX and become eligible to share in 1,000,000 $SOSO in testnet rewards. Additional rewards will be distributed through our PnL leaderboard, trading competition, and bug bounty program.
<br><strong>How to Apply</strong> <br>1. Visit: https://sosovalue.com/shares/FmKqPx <br>2. Join our Telegram Group <br>3. Fill out the whitelist form (pinned in the group)  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block" data-node-type="blockContainer" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚀 SoSoValue launches SoDEX Testnet,  High-Performance Trading Chain Whitelist Opens!

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block" data-node-type="blockContainer" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>等待结束了。SoDEX 即将到来。</strong>人工智能投资研究平台 SoSoValue 宣布其孵化的高性能交易链 SoDEX 测试网上线。自 6 月 16 日晚上 9 点（香港时间）起，全球用户可通过官网申请白名单访问权限。

SoDEX 支持现货和衍生品市场的链上订单簿交易。它基于 SoSoValue 自主研发的 Layer 1 区块链 ValueChain 构建。ValueChain 专为金融级应用量身定制，具有高吞吐量、多链兼容性和模块化可扩展性等特点。它由两大核心组件组成：兼容 EVM 的系统链和高性能应用链，共同为 SoDEX 构建安全、高效、可扩展且稳健的交易基础设施。<br><strong>为什么选择 SoDEX？</strong>无缝衔接——一站式研究和交易，直接与 SoSoValue 集成
基于订单簿——熟悉的 CEX 风格用户体验，实时、直观的执行
安全——自主托管、监管感知、机构就绪
开放——完全链上、无边界、透明——无需中介
SoDEX 支持现货、风险加权资产 (RWA)、永续合约等——所有合约均具有统一的流动性和即时结算。<br><strong>为什么要加入测试网？</strong>白名单用户将获得 SoDEX 的早期访问权限，并有资格分享 1,000,000 美元的测试网奖励。额外奖励将通过我们的盈亏排行榜、交易竞赛和漏洞赏金计划发放。<br><strong>如何申请</strong><br>1. 访问：https://sosovalue.com/shares/FmKqPx<br>2. 加入我们的电报群<br>3.填写白名单表格（固定在群里）</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block" data-node-type="blockContainer" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚀 SoSoValue 上线 SoDEX 测试网，高性能交易链白名单开放！

SoDEX 测试网白名单现已上线 — 申请加入

The Dangers of a Centralized Black Box in Crypto Trading

加密货币交易中中心化黑盒的危险

Conflict Between HyperLiquid and Binance – Explained

HyperLiquid 和 Binance 之间的冲突——解释

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block" data-node-type="blockContainer" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The crypto market took a sharp dive recently as both institutions and retail investors rushed to sell. Binance confirmed that its core matching engines and APIs stayed up — but admitted that&nbsp;<strong>some modules briefly glitched</strong>, leading to a few assets (like USDE, BNSOL, and WBETH)&nbsp;<strong>depegging</strong>&nbsp;😬</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block" data-node-type="blockContainer" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance has already compensated affected users within 24 hours — about&nbsp;<strong>$283 million</strong>, mostly for liquidation losses tied to the depegging. They’re also covering issues from internal transfers and Earn redemptions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block" data-node-type="blockContainer" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">As for those crazy low spot prices that popped up on some pairs? Binance says it was&nbsp;<strong>old limit orders hitting thin liquidity + UI precision issues</strong>, not a full-on system failure. Still… not exactly reassuring.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block" data-node-type="blockContainer" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">👉 It’s a reminder: even the biggest CEXes aren’t bulletproof.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block" data-node-type="blockContainer" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Technical hiccups can trigger huge chain reactions</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block" data-node-type="blockContainer" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Market structure + UI quirks can make things worse fast</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block" data-node-type="blockContainer" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">And when things break, you’re relying on the exchange’s goodwill to make you whole</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block" data-node-type="blockContainer" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block" data-node-type="blockContainer" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🤔 What do you think?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block" data-node-type="blockContainer" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Is this just “part of the game,” or a red flag?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block" data-node-type="blockContainer" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Would you trust CEX risk management in a real black swan event?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block" data-node-type="blockContainer" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Do you keep collateral on CEXes, or prefer self-custody?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block" data-node-type="blockContainer" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Drop your thoughts below 👇</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block" data-node-type="blockContainer" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

💥 Another reminder of how fragile CEXes can be

最近，由于机构和散户投资者纷纷抛售，加密货币市场出现大幅下跌。Binance 证实其核心匹配引擎和 API 保持运行，但也承认<strong>一些模块短暂出现故障</strong>，导致一些资产（如 USDE、BNSOL 和 WBETH）<strong>脱锚</strong>😬

Binance 已经 24 小时内补偿了受影响的用户——大约 **2.83 亿**美元，主要用于与脱锚相关的清算损失。他们还涵盖了内部转账和 Earn 赎回的问题。

至于在某些交易对上出现的那些疯狂的低现货价格？Binance 表示，这是<strong>旧的限价单触及稀薄的流动性 + UI 精度问题</strong>，而不是全面的系统故障。但... 仍然不能完全让人放心。

👉 这是一个提醒：即使是最大的 CEX 也不是万无一失的。

*   技术故障会引发巨大的连锁反应

*   市场结构 + UI 怪癖会使情况迅速恶化

*   当出现问题时，您需要依靠交易所的善意来弥补您的损失

🤔 你怎么看？

*   这只是“游戏的一部分”，还是一个危险信号？

*   在真正的黑天鹅事件中，您会信任 CEX 的风险管理吗？

*   您是否将抵押品保留在 CEX 上，还是更喜欢自我托管？

在下面留下您的想法 👇

💥 再次提醒我们中心化交易所是多么脆弱

再次崩盘，190 亿美元清算，我们加密货币投资者难道就无法克服吗？

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="e8bbe35f-6851-4bb7-987c-451ac335b0d0"><div class="bn-block" data-node-type="blockContainer" data-id="e8bbe35f-6851-4bb7-987c-451ac335b0d0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">After searching for relevant news and research on SoSoValue, the data points to a specific, dramatic market event on October 10-11, 2025, which triggered massive liquidations and exposed operational issues at Binance. This has led to a loss of user trust, prompting a withdrawal of assets.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f1d4728f-9a37-4737-a65e-b9093770a2fe"><div class="bn-block" data-node-type="blockContainer" data-id="f1d4728f-9a37-4737-a65e-b9093770a2fe"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>The Immediate Trigger: The October 10-11 Market Crash</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9e7e5f01-eec3-49b6-9f1c-d844d05b86b8"><div class="bn-block" data-node-type="blockContainer" data-id="9e7e5f01-eec3-49b6-9f1c-d844d05b86b8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The core reason for the outflows is a sharp and sudden downturn in the cryptocurrency market. According to the latest news and insights provided by SoSoValue, this event resulted in billions of dollars in liquidations across the market.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c45f1522-eece-45fa-8a25-5540bb287448"><div class="bn-block" data-node-type="blockContainer" data-id="c45f1522-eece-45fa-8a25-5540bb287448"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Massive Liquidations:</strong> Data indicates that the entire network liquidated 698 million in a 24-hour period, with a significant portion occurring on Binance. The largest single liquidation order was an ETHUSDT position worth nearly 12 million on Binance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8b542995-c4c0-4c03-9d86-d51bebc2a702"><div class="bn-block" data-node-type="blockContainer" data-id="8b542995-c4c0-4c03-9d86-d51bebc2a702"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Binance's "Mark Price" Mechanism:</strong> Binance co-founder He Yi responded to community backlash by explaining that Binance Futures uses a "mark price" for liquidations—a weighted average from multiple platforms designed to avoid extreme prices on a single exchange. However, during the crash, this mechanism, combined with other factors, failed to protect a large number of users.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a253e528-eb70-449c-a295-8b51527c207d"><div class="bn-block" data-node-type="blockContainer" data-id="a253e528-eb70-449c-a295-8b51527c207d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>The Crisis of Confidence: Operational Missteps and Allegations</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="63b7de9f-c407-4a3c-b74d-6ba10825f71f"><div class="bn-block" data-node-type="blockContainer" data-id="63b7de9f-c407-4a3c-b74d-6ba10825f71f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The market crash acted as a catalyst, but the subsequent loss of confidence stems from Binance's handling of the situation and other controversies.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="29ecb97c-98b8-4142-b6c0-0332bf612214"><div class="bn-block" data-node-type="blockContainer" data-id="29ecb97c-98b8-4142-b6c0-0332bf612214"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>K-Line Data Modification Controversy:</strong> A significant point of contention was the allegation that Binance modified its K-line (candlestick) chart data after the crash. He Yi attributed this to a "team member's misoperation," stating there was no malicious intent. However, the mere act of altering historical price data severely damaged perceptions of the platform's transparency and fairness. As one user quoted in the data stated, it sent a clear message: "I can change the numbers here at will."</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2998aede-6da9-4a97-83a5-7dd162b8f128"><div class="bn-block" data-node-type="blockContainer" data-id="2998aede-6da9-4a97-83a5-7dd162b8f128"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Questions Over Liquidation Figures:</strong> The community raised questions about the official liquidation figures reported by Binance. Comparisons were made with smaller platforms like HyperLiquid, which reported substantial liquidation volumes. The discrepancy led to speculation that Binance's reported numbers might not fully reflect the scale of the losses on its platform, further eroding trust.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="068fbdfc-4369-46d8-8582-2bc34c2e2451"><div class="bn-block" data-node-type="blockContainer" data-id="068fbdfc-4369-46d8-8582-2bc34c2e2451"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Allegations of Unfair Practices:</strong> The data also includes news of Binance denying allegations from Limitless co-founder CJ Hetherington regarding its token listing process and claims of insider token dumping. While Binance refuted these as "false and defamatory," such public disputes contribute to an atmosphere of uncertainty and suspicion around the exchange's operations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d903015a-9ab6-45f9-b15b-97ed705bf7ae"><div class="bn-block" data-node-type="blockContainer" data-id="d903015a-9ab6-45f9-b15b-97ed705bf7ae"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Binance's Response: The "Together Initiative"</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="785f543f-30ad-4813-86b0-89a2f104aacd"><div class="bn-block" data-node-type="blockContainer" data-id="785f543f-30ad-4813-86b0-89a2f104aacd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In an attempt to rebuild trust, Binance launched a $400 million "Together Initiative." This plan includes:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ab73ad4a-3664-43ed-8935-4ba640416ba0"><div class="bn-block" data-node-type="blockContainer" data-id="ab73ad4a-3664-43ed-8935-4ba640416ba0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>$300 million in user compensation</strong> via token vouchers for eligible users who suffered significant losses.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dd5908c3-2d56-4980-94f0-2281c69e9a9f"><div class="bn-block" data-node-type="blockContainer" data-id="dd5908c3-2d56-4980-94f0-2281c69e9a9f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>$100 million in low-interest loans</strong> for affected institutional users.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="34d6f302-ca3b-4999-8a0a-ae452f8ab823"><div class="bn-block" data-node-type="blockContainer" data-id="34d6f302-ca3b-4999-8a0a-ae452f8ab823"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">While this is a significant gesture, the provided data shows mixed reactions. Some users viewed it as a positive step, while others saw it as insufficient or an admission of guilt, with one user quoted as saying, "If they can give so much money, they must have fleeced a lot of retail investors."</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="165f36e1-df34-4b73-99cb-5709f660537d"><div class="bn-block" data-node-type="blockContainer" data-id="165f36e1-df34-4b73-99cb-5709f660537d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Quantifying the Outflow</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="80588d38-70f7-431b-9a76-971f786110ab"><div class="bn-block" data-node-type="blockContainer" data-id="80588d38-70f7-431b-9a76-971f786110ab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The scale of the reaction is clear. After searching for relevant news and research on SoSoValue, one report explicitly states: "CEX has seen massive asset outflows over the past week, with Binance seeing $21.75 billion in outflows over the past seven days." This figure directly quantifies the significant capital flight from the platform.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="71abb14b-11e2-49f9-8841-1fcb4f464312"><div class="bn-block" data-node-type="blockContainer" data-id="71abb14b-11e2-49f9-8841-1fcb4f464312"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Conclusion</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fb4dc05d-ac87-4fdf-9287-3b3792709ab7"><div class="bn-block" data-node-type="blockContainer" data-id="fb4dc05d-ac87-4fdf-9287-3b3792709ab7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In summary, Jolene, the significant asset outflows from Binance are not due to a single factor but a combination:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fda48679-3369-4b71-85c1-9f042b54128f"><div class="bn-block" data-node-type="blockContainer" data-id="fda48679-3369-4b71-85c1-9f042b54128f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A <strong>sharp market crash</strong> that caused widespread liquidations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e29e86b7-463a-4cac-a191-5cfbf43b36e6"><div class="bn-block" data-node-type="blockContainer" data-id="e29e86b7-463a-4cac-a191-5cfbf43b36e6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A <strong>crisis of confidence</strong> triggered by operational controversies, most notably the K-line modification incident.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cff9b5ea-da6a-4318-9301-b3c09fe317ab"><div class="bn-block" data-node-type="blockContainer" data-id="cff9b5ea-da6a-4318-9301-b3c09fe317ab"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Lingering <strong>questions about transparency</strong> and fair play.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f3d83fb3-e6e0-423f-b18b-6a09c3c72438"><div class="bn-block" data-node-type="blockContainer" data-id="f3d83fb3-e6e0-423f-b18b-6a09c3c72438"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Users are withdrawing assets due to a perceived increase in risk and a breach of trust. While Binance has taken steps to compensate users, the outflows indicate that restoring confidence will be a challenge. The situation highlights the critical importance of operational integrity and transparency for centralized exchanges.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4715049f-8a63-461c-a11d-a4684d3b50ed"><div class="bn-block" data-node-type="blockContainer" data-id="4715049f-8a63-461c-a11d-a4684d3b50ed"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Daily Roast

Why are we seeing significant asset outflows from CEX platforms like Binance?

为什么我们看到像 Binance 这样的 CEX 平台出现大量的资产外流？

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block" data-node-type="blockContainer" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Disruption through blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block" data-node-type="blockContainer" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Future of Financial Services

金融服务的未来

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c60b8d8-07cb-4de2-bb09-a42a2dd581f5"><div class="bn-block" data-node-type="blockContainer" data-id="4c60b8d8-07cb-4de2-bb09-a42a2dd581f5"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📊 New Whales’ Nervy Nirvana: Peaks and Pullbacks</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="24690bdf-77d9-40f3-be35-75a3bfd8e9b9"><div class="bn-block" data-node-type="blockContainer" data-id="24690bdf-77d9-40f3-be35-75a3bfd8e9b9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">On <strong>October 15, 2025</strong>, as Bitcoin consolidates around <strong>$116,000</strong> post-$19B liquidation carnage, <strong>CryptoQuant’s unrealized profit ratios</strong> for whales tell a split story.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="83b09549-83d6-466a-9ad5-ed2b98ce15eb"><div class="bn-block" data-node-type="blockContainer" data-id="83b09549-83d6-466a-9ad5-ed2b98ce15eb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>New whales</strong> (&lt;155 days holding, ≥1K BTC) surged to <strong>+1.0 ratios</strong> through late 2025 — mirroring <strong>2021’s euphoric crest</strong> — after scooping ETFs at <strong>$90K–$110K</strong> and riding BTC to $126K.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2a951675-321d-47cc-af60-6a304e3f3552"><div class="bn-block" data-node-type="blockContainer" data-id="2a951675-321d-47cc-af60-6a304e3f3552"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🟢 Ratios climbed steadily through April–September amid <strong>$2.2B weekly ETF inflows</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e33dd6f1-c7c8-423c-a018-4024f16086c5"><div class="bn-block" data-node-type="blockContainer" data-id="e33dd6f1-c7c8-423c-a018-4024f16086c5"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🔴 Post-October 10, the ratio dipped <strong>−0.5</strong>, echoing 2018’s capitulation as <strong>125x longs were flushed</strong>, shedding 30% of new whale stacks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b5126078-0e78-4dc3-a2d9-5a009221be79"><div class="bn-block" data-node-type="blockContainer" data-id="b5126078-0e78-4dc3-a2d9-5a009221be79"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Volatility’s volatility spiked (IV → 45%), and <strong>put demand jumped 20%</strong> as new whales hedged. SOPR at <strong>1.02</strong> signals light profit-taking, not panic.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="42826886-917d-4d69-b2b4-681f6e78b57d"><div class="bn-block" data-node-type="blockContainer" data-id="42826886-917d-4d69-b2b4-681f6e78b57d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">✅ <em>Positive:</em> $117K flipped from resistance to accumulation zone, buffered by <strong>97% of supply in profit</strong>.<br>⚠️ <em>Risk:</em> Overleveraged newcomers (40% of liquidations) could still drag ratios toward −1.0 if <strong>Trump–Xi talks stall</strong>, risking a $100K retest.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a719d87a-9f22-4ea7-997b-37c67e63912d"><div class="bn-block" data-node-type="blockContainer" data-id="a719d87a-9f22-4ea7-997b-37c67e63912d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Evaluation:</strong> This is a classic <em>euphoria-meets-risk</em> signal — new whales grease the uptrend, but their greed can also grease the grave.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c8cc4a90-3247-48ef-a9f6-8c13416bd272"><div class="bn-block" data-node-type="blockContainer" data-id="c8cc4a90-3247-48ef-a9f6-8c13416bd272"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🏔️ Old Whales’ Steady Summit: Fortress of Fortunes</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7890df3d-2edc-4062-a22b-4ae6dbee0acd"><div class="bn-block" data-node-type="blockContainer" data-id="7890df3d-2edc-4062-a22b-4ae6dbee0acd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Veteran whales</strong> (&gt;155 days, ~70% of supply) bask in deep green. Their unrealized profit ratios soared past <strong>+15</strong> during this bull leg — dwarfing 2021’s +10 — as early accumulators from $20K 2022 lows ride 500%+ paper gains.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bde3a3cf-d4df-4783-9300-7fb5f2a6db87"><div class="bn-block" data-node-type="blockContainer" data-id="bde3a3cf-d4df-4783-9300-7fb5f2a6db87"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Ratios plateaued at <strong>+12–15</strong> through 2024–2025, with only a mild post-crash dip.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a1703622-d258-4c7e-b5a6-2fed816feda3"><div class="bn-block" data-node-type="blockContainer" data-id="a1703622-d258-4c7e-b5a6-2fed816feda3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">LTHs offloaded &lt;2% during rallies, per UTXO bands.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3db17543-739e-46b8-8844-9b4c122015eb"><div class="bn-block" data-node-type="blockContainer" data-id="3db17543-739e-46b8-8844-9b4c122015eb"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">MVRV at <strong>2.5</strong> vs. historic tops at 3.5 signals <strong>further runway</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d67ed2be-86ee-4469-a24a-b1f2f20d6166"><div class="bn-block" data-node-type="blockContainer" data-id="d67ed2be-86ee-4469-a24a-b1f2f20d6166"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">October’s wipeout barely dented their stance — these “old guards” <strong>absorbed 20% of $19B liquidations</strong> via bids at $106K.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0ad1b0b9-8d7d-4d14-a146-1170cd22911f"><div class="bn-block" data-node-type="blockContainer" data-id="0ad1b0b9-8d7d-4d14-a146-1170cd22911f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">✅ <em>Positive:</em> Echoes Fink’s “reserve asset” thesis — old whales act as system stabilizers.<br>⚠️ <em>Risk:</em> Sustained vol and creeping funding (+0.01%) could eventually push even LTHs to trim, reminiscent of <strong>2017’s ratio reversals</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d28c1788-9848-4788-911b-fc64009af992"><div class="bn-block" data-node-type="blockContainer" data-id="d28c1788-9848-4788-911b-fc64009af992"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Verdict:</strong> A bastion of bullishness — their discipline props the parade, but prudence is key as ratios near historical peaks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e1e8e345-aedb-44e2-8a65-cab5caedd070"><div class="bn-block" data-node-type="blockContainer" data-id="e1e8e345-aedb-44e2-8a65-cab5caedd070"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🧹 Leverage Legacy: $19B Purge’s Purity Play</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b4c605ca-02f5-4f8d-8a5a-19086a0290f5"><div class="bn-block" data-node-type="blockContainer" data-id="b4c605ca-02f5-4f8d-8a5a-19086a0290f5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The <strong>October 10–11 wipeout</strong> purged leverage to <strong>2023 lows</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8383bcf-8f31-4ff9-a7f7-2249d96c06c8"><div class="bn-block" data-node-type="blockContainer" data-id="f8383bcf-8f31-4ff9-a7f7-2249d96c06c8"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Funding flipped <strong>negative (−0.02%)</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c3b76cd0-a3ae-4f9b-b177-72890d370da0"><div class="bn-block" data-node-type="blockContainer" data-id="c3b76cd0-a3ae-4f9b-b177-72890d370da0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Open interest collapsed 25%.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fc240e3c-d827-4244-99de-2a15cadcc932"><div class="bn-block" data-node-type="blockContainer" data-id="fc240e3c-d827-4244-99de-2a15cadcc932"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Orderbooks thinned as market makers reduced exposure.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4bb523cd-d3ec-42a0-b1ce-3e45bbdf7705"><div class="bn-block" data-node-type="blockContainer" data-id="4bb523cd-d3ec-42a0-b1ce-3e45bbdf7705"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Yet, <strong>spot &amp; ETF flows held firm</strong> — $3.17B inflows defied the drawdown, per CoinShares. Retail RSI plunged to <strong>30 (oversold)</strong>, while whale SOPR stayed steady at <strong>1.01</strong>, signaling resilience.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f5b4df8b-812c-433f-bf63-3329655e4b36"><div class="bn-block" data-node-type="blockContainer" data-id="f5b4df8b-812c-433f-bf63-3329655e4b36"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance’s <strong>$400M bailout</strong> and Powell’s <strong>QT pivot</strong> inject fresh liquidity. Still, <strong>shallow books invite whipsaws</strong> — a 10% probe below $117K could trigger another <strong>$5B in liquidations</strong> if vols persist.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="378001f8-0e8d-437c-b33d-c878e4b5af27"><div class="bn-block" data-node-type="blockContainer" data-id="378001f8-0e8d-437c-b33d-c878e4b5af27"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Evaluation:</strong> The market has been “reset” rather than wrecked. The deleveraging purge cleaned froth but left a cautious sentiment shell.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bda1c79e-b086-4a6a-bb61-79a801636f78"><div class="bn-block" data-node-type="blockContainer" data-id="bda1c79e-b086-4a6a-bb61-79a801636f78"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📝 Verdict: Reset’s Resilient Reckoning</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9267cbe-b8a7-4c47-8d28-086d014b9ba9"><div class="bn-block" data-node-type="blockContainer" data-id="f9267cbe-b8a7-4c47-8d28-086d014b9ba9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🐋 <strong>New whales are nervous, old whales are rock-solid.</strong> Unrealized profit ratios show:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2c16d61-62fa-440c-b47e-37869e6524be"><div class="bn-block" data-node-type="blockContainer" data-id="d2c16d61-62fa-440c-b47e-37869e6524be"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">✳️ <em>Short-term froth flushed.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a760755b-0e30-4d76-8a3d-14d0331677f7"><div class="bn-block" data-node-type="blockContainer" data-id="a760755b-0e30-4d76-8a3d-14d0331677f7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧠 <em>Long-term conviction intact.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="88c29793-6bab-4290-8730-c9bf34efe4ca"><div class="bn-block" data-node-type="blockContainer" data-id="88c29793-6bab-4290-8730-c9bf34efe4ca"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧭 <em>Sentiment defensive, not broken.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="03885d75-b289-49c5-993a-ac784e813dd2"><div class="bn-block" data-node-type="blockContainer" data-id="03885d75-b289-49c5-993a-ac784e813dd2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">With <strong>97% of supply in profit</strong>, ETF inflows humming, and leverage cleared, <strong>$130K BTC is within reach</strong> — <em>if</em> volatility fades and Trump–Xi thaw trade tensions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0eb91d28-8538-41b6-9d54-3c9ac4cebc5d"><div class="bn-block" data-node-type="blockContainer" data-id="0eb91d28-8538-41b6-9d54-3c9ac4cebc5d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">But in this <strong>deleveraged dawn</strong>, the bias is defensive:<br>👉 <em>Spot HODL, hedge the heat, respect the levels.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca28c5db-73a7-4aad-bfe9-336d3b4ff64a"><div class="bn-block" data-node-type="blockContainer" data-id="ca28c5db-73a7-4aad-bfe9-336d3b4ff64a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>The uptrend lives — but it lives with asterisks.</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a51990e7-4be3-4114-bfa4-333244dddc87"><div class="bn-block" data-node-type="blockContainer" data-id="a51990e7-4be3-4114-bfa4-333244dddc87"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">#BitcoinWhales #OnChainAnalysis #CryptoQuant #LeverageReset #BTC2025 #WhaleActivity #MarketStructure #ETFflows #Glassnode #CryptoMarkets</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="baa6cbe9-3281-417b-afc1-2594b50fea14"><div class="bn-block" data-node-type="blockContainer" data-id="baa6cbe9-3281-417b-afc1-2594b50fea14"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_10-38-19.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/87c955e0-37d6-4c96-aa8d-2edbc261b873.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/87c955e0-37d6-4c96-aa8d-2edbc261b873.jpg" alt="photo_2025-10-15_10-38-19.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5d138817-6cc9-406c-8f03-ca795b185d93"><div class="bn-block" data-node-type="blockContainer" data-id="5d138817-6cc9-406c-8f03-ca795b185d93"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_10-38-21.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/d5fe05df-083d-4b83-aa84-d9f7eceb67d4.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/d5fe05df-083d-4b83-aa84-d9f7eceb67d4.jpg" alt="photo_2025-10-15_10-38-21.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="db30cd0e-bddc-46ed-b03a-0bf9fc0561eb"><div class="bn-block" data-node-type="blockContainer" data-id="db30cd0e-bddc-46ed-b03a-0bf9fc0561eb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Regards,</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="003b202a-07c0-495c-a228-86a611ef1347"><div class="bn-block" data-node-type="blockContainer" data-id="003b202a-07c0-495c-a228-86a611ef1347"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">FVM Research</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3cd00b61-348f-47e1-a689-20fae1e52232"><div class="bn-block" data-node-type="blockContainer" data-id="3cd00b61-348f-47e1-a689-20fae1e52232"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">꧁𓊈𒆜𝓕𝓥𝓜𒆜𓊉꧂</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f132ff12-ad59-48df-974c-43d9f493fd29"><div class="bn-block" data-node-type="blockContainer" data-id="f132ff12-ad59-48df-974c-43d9f493fd29"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲╰┈➤ Forever_More 🔔</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8dbfc79-c5d0-4e30-85a7-d66f4a68b920"><div class="bn-block" data-node-type="blockContainer" data-id="f8dbfc79-c5d0-4e30-85a7-d66f4a68b920"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🐋 Whale Profits in the Wake: Reset or Rally Signal?「 ✦ FVM Research ✦ 」𓆰♕𓆪

🐋 巨鲸获利后的影响：重置还是反弹信号？「✦ FVM Research ✦ 」𓆰♕𓆪

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="cd9f06bd-76f6-43cb-92a3-d49548e9de92"><div class="bn-block" data-node-type="blockContainer" data-id="cd9f06bd-76f6-43cb-92a3-d49548e9de92"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Bộ Tư pháp Mỹ (DOJ) đã thu giữ 15 tỷ USD Bitcoin liên quan đến một đường dây lừa đảo crypto quy mô lớn có trụ sở tại Campuchia, được xem là vụ tịch thu tài sản lớn nhất trong lịch sử của DOJ.  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5514d1ba-e3c1-4ef9-ada3-9b9642975d08"><div class="bn-block" data-node-type="blockContainer" data-id="5514d1ba-e3c1-4ef9-ada3-9b9642975d08"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Kẻ chủ mưu bị cáo buộc là Trần Chí (Chen Zhi) – Chủ tịch Tập đoàn Prince Holding Group, bị cho là đã điều hành một trong những vụ lừa đảo đầu tư lớn nhất lịch sử, sử dụng lao động cưỡng bức để điều hành các “trại scam” trên khắp Campuchia.  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="078f6952-d3f5-4f33-a52c-8b0a00418998"><div class="bn-block" data-node-type="blockContainer" data-id="078f6952-d3f5-4f33-a52c-8b0a00418998"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Tập đoàn Prince, hoạt động tại hơn 30 quốc gia, đã ép buộc hàng trăm người làm việc trong các khu phức hợp lừa đảo, nhắm vào nạn nhân trên toàn thế giới qua mạng xã hội và ứng dụng nhắn tin, dụ họ đầu tư vào các dự án crypto giả, sau đó chiếm đoạt toàn bộ tiền.  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cd11c64b-99aa-4bce-8ccd-c74f7f3d98b1"><div class="bn-block" data-node-type="blockContainer" data-id="cd11c64b-99aa-4bce-8ccd-c74f7f3d98b1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Hình thức lừa đảo “Pig Butchering” (tạm dịch: “vỗ béo rồi làm thịt con heo”) là chiêu dụ nạn nhân thông qua xây dựng niềm tin và mối quan hệ ảo, khiến họ tin rằng đang đầu tư sinh lời, trước khi bị chiếm đoạt toàn bộ tài sản.  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9d3bbeb2-ef21-4e86-b458-02b4cbed4524"><div class="bn-block" data-node-type="blockContainer" data-id="9d3bbeb2-ef21-4e86-b458-02b4cbed4524"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Trần Chí cùng các cộng sự bị cáo buộc hối lộ quan chức và lợi dụng ảnh hưởng chính trị để bảo vệ hoạt động phi pháp của mình. Hiện nghi phạm vẫn đang bỏ trốn, và giới chức Mỹ đang tiếp tục điều tra.                                         Nguồn: </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91510ee3-ac8c-4586-9169-7d77ab15b7ef"><div class="bn-block" data-node-type="blockContainer" data-id="91510ee3-ac8c-4586-9169-7d77ab15b7ef"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ThuanCapital">@ThuanCapital</a></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="80b0c4ea-44ec-462f-bed0-ec939d83dd67"><div class="bn-block" data-node-type="blockContainer" data-id="80b0c4ea-44ec-462f-bed0-ec939d83dd67"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

BỘ TƯ PHÁP MỸ THU GIỮ 15 TỶ USD BITCOIN TỪ ĐƯỜNG DÂY LỪA ĐẢO “PIG BUTCHERING” TOÀN CẦU

美国司法部从全球“杀猪盘”诈骗团伙手中查获 150 亿美元 Bitcoin

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="52f09837-4eef-43de-99f2-45c826a98fe2"><div class="bn-block" data-node-type="blockContainer" data-id="52f09837-4eef-43de-99f2-45c826a98fe2"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🧭 Strategic Pivot: Sovereignty in the Digital Era</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a2ff091b-3414-4971-80ef-e2a4c411c03a"><div class="bn-block" data-node-type="blockContainer" data-id="a2ff091b-3414-4971-80ef-e2a4c411c03a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">On <strong>October 15, 2025</strong>, Bhutan — the Himalayan kingdom famed for Gross National Happiness — pivots from serene monasteries to cutting-edge digital governance. Transitioning its <strong>National Digital Identity (NDI)</strong> system from <strong>Polygon</strong> to <strong>Ethereum</strong>, the nation is making a bold bet: anchoring the digital identities of 800,000 citizens on the world’s most secure blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="09e05c4b-6b7d-4fa6-9c78-6e59c141edcf"><div class="bn-block" data-node-type="blockContainer" data-id="09e05c4b-6b7d-4fa6-9c78-6e59c141edcf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">This isn’t just a tech upgrade — it’s a recalibration of <strong>sovereignty</strong>, <strong>security</strong>, and <strong>strategic alignment</strong> in a multipolar digital world.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2dbe47c-d1bc-4c19-8e57-0a11727abf73"><div class="bn-block" data-node-type="blockContainer" data-id="e2dbe47c-d1bc-4c19-8e57-0a11727abf73"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🛠 The Upgrade: Polygon Efficiency → Ethereum’s Fortress</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d0294f2a-6628-4b6f-85fb-0d4f24f2f36a"><div class="bn-block" data-node-type="blockContainer" data-id="d0294f2a-6628-4b6f-85fb-0d4f24f2f36a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan’s NDI launched in 2024 on Polygon after an initial Hyperledger pilot. It leveraged <strong>zk-proof scalability</strong> and negligible fees to onboard users cheaply. But GovTech Secretary Jigme Tenzing frames the Ethereum migration as “further strengthening,” targeting <strong>full rollout by Q1 2026</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9c6b9ae8-e8c9-4db7-96b5-63ec6264d50e"><div class="bn-block" data-node-type="blockContainer" data-id="9c6b9ae8-e8c9-4db7-96b5-63ec6264d50e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Why switch?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4e1f7a99-bb3e-4b4b-9707-3d8a5e31781c"><div class="bn-block" data-node-type="blockContainer" data-id="4e1f7a99-bb3e-4b4b-9707-3d8a5e31781c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧱 <strong>Decentralization</strong>: Ethereum’s validator network and Dencun upgrades offer state-grade security and quantum resistance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="84965f99-074d-4e14-a85a-10de97d990bf"><div class="bn-block" data-node-type="blockContainer" data-id="84965f99-074d-4e14-a85a-10de97d990bf"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🌍 <strong>Interoperability</strong>: With 60%+ of DeFi TVL on Ethereum, Bhutan plugs into global Web3 rails — enabling remittances, e-governance, and cross-border services.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="429db6f1-7fbb-4d9f-9ae9-b00148db0a17"><div class="bn-block" data-node-type="blockContainer" data-id="429db6f1-7fbb-4d9f-9ae9-b00148db0a17"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🔐 <strong>Transparency</strong>: Ethereum’s immutable audit trails align with Bhutan’s governance ethos.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ecefeaba-d5cc-495a-bd9b-f51de15ca2db"><div class="bn-block" data-node-type="blockContainer" data-id="ecefeaba-d5cc-495a-bd9b-f51de15ca2db"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Trade-off:</strong> Polygon’s pennies-per-transaction gave way to Ethereum’s higher fees, but Bhutan is betting security &gt; cost as adoption scales. A <strong>15-month migration window</strong> introduces execution risks, especially in rural zones where connectivity lags at 70%.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="23b18871-ba73-497a-93d6-d7e53de1aedc"><div class="bn-block" data-node-type="blockContainer" data-id="23b18871-ba73-497a-93d6-d7e53de1aedc"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">₿ The Crypto Crown: Bitcoin Reserves as Strategic Buffer</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91c7f349-5d85-4dad-81c0-21d4d216fdb4"><div class="bn-block" data-node-type="blockContainer" data-id="91c7f349-5d85-4dad-81c0-21d4d216fdb4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Since 2019, state-owned <strong>Druk Holding</strong> has mined Bitcoin using surplus hydropower, quietly amassing <strong>6,371 BTC</strong> — placing Bhutan <strong>6th globally</strong> (behind US, China, UK, Ukraine, UAE). Valued around <strong>$400M</strong>, this reserve cushions tourism dips (85% of pre-COVID recovery) and funds green initiatives — a unique fusion of <strong>“crypto for karma.”</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="692894da-0314-463c-bd24-5a5cb31c5f11"><div class="bn-block" data-node-type="blockContainer" data-id="692894da-0314-463c-bd24-5a5cb31c5f11"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Ethereum-based NDI could, in theory, <strong>tokenize Bhutan’s BTC reserves</strong>, allowing citizens fractional ownership — embedding wealth distribution into national identity. Strategically, Bhutan positions itself as a <strong>“Web3 Switzerland of the East”</strong>, attracting talent and capital flows.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c4910f9-8918-4699-978f-5ce8d71f9f5c"><div class="bn-block" data-node-type="blockContainer" data-id="4c4910f9-8918-4699-978f-5ce8d71f9f5c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">⚠️ Risks remain:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="439a1b00-7a9c-4143-9398-624797c2df23"><div class="bn-block" data-node-type="blockContainer" data-id="439a1b00-7a9c-4143-9398-624797c2df23"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A US ETF clampdown could cut BTC valuations by 30%, stressing Bhutan’s $2.5B GDP.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="84608911-59c2-49f7-b146-ecb394edbf97"><div class="bn-block" data-node-type="blockContainer" data-id="84608911-59c2-49f7-b146-ecb394edbf97"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Energy use, though 95% renewable, invites <strong>greenwashing scrutiny</strong> without transparent audits.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="79f0fc22-e8f4-41cc-b3c4-8601a34ff910"><div class="bn-block" data-node-type="blockContainer" data-id="79f0fc22-e8f4-41cc-b3c4-8601a34ff910"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Sovereign exposure to volatile crypto assets demands fiscal discipline.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9bae4e27-f115-419e-a228-892491b4035a"><div class="bn-block" data-node-type="blockContainer" data-id="9bae4e27-f115-419e-a228-892491b4035a"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🌐 Horizon of Harmony: Global Implications</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca8cf8aa-cd86-4944-9353-7b0bec3cf948"><div class="bn-block" data-node-type="blockContainer" data-id="ca8cf8aa-cd86-4944-9353-7b0bec3cf948"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan’s Ethereum embrace exemplifies <strong>measured innovation</strong>. SSI reduces identity theft — a $50B global scourge — while Bitcoin reserves diversify national assets. GovTech projects <strong>90% NDI adoption by 2027</strong> if APIs mature. Estonia and India are already studying Bhutan’s blueprint for zk-rollup–based ID frameworks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d20519d2-01a9-430e-8a0e-e04c37a69eae"><div class="bn-block" data-node-type="blockContainer" data-id="d20519d2-01a9-430e-8a0e-e04c37a69eae"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Yet, <strong>depth demands caution</strong>:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="90633711-dc50-4787-8a95-f7fb9301628a"><div class="bn-block" data-node-type="blockContainer" data-id="90633711-dc50-4787-8a95-f7fb9301628a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Top 10 Ethereum validators control 35% stake — a potential chokepoint.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f3ef07ca-b002-4aff-a834-b9eb4874ca63"><div class="bn-block" data-node-type="blockContainer" data-id="f3ef07ca-b002-4aff-a834-b9eb4874ca63"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Oracle dependencies in NDI could mirror existing centralization risks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="65ee905e-d7d1-4815-80e3-a8ab2a8f6b83"><div class="bn-block" data-node-type="blockContainer" data-id="65ee905e-d7d1-4815-80e3-a8ab2a8f6b83"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Citizen education and open-source audits will be key to avoid digital inequality.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a8e3a1b9-e04c-43f4-9cfb-ec23eade8d6d"><div class="bn-block" data-node-type="blockContainer" data-id="a8e3a1b9-e04c-43f4-9cfb-ec23eade8d6d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📝 Verdict: Revolution with Reins</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="019c3f9d-68ab-4d70-977b-b16fbed49430"><div class="bn-block" data-node-type="blockContainer" data-id="019c3f9d-68ab-4d70-977b-b16fbed49430"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan isn’t chasing hype; it’s <strong>architecting sovereignty</strong> through blockchain. If successful, this pivot could redefine digital governance models — blending <strong>resilience</strong>, <strong>inclusivity</strong>, and <strong>strategic neutrality</strong> in a world where data is power.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="906c9ae3-8e7b-44af-bde3-bb52aa2eeee5"><div class="bn-block" data-node-type="blockContainer" data-id="906c9ae3-8e7b-44af-bde3-bb52aa2eeee5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">#BhutanBlockchain #EthereumID #DigitalIdentity #CryptoSovereignty #BitcoinTreasury #Web3Governance #SSI #BlockchainStrategy #Ethereum #DeFi #MacroCrypto #Analysis #DeepDive</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e7d64229-2ea5-44a8-a47e-243be25f07da"><div class="bn-block" data-node-type="blockContainer" data-id="e7d64229-2ea5-44a8-a47e-243be25f07da"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_09-52-39.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/a4d0eb7f-abe6-4fe8-9a50-cf666ff963e5.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/a4d0eb7f-abe6-4fe8-9a50-cf666ff963e5.jpg" alt="photo_2025-10-15_09-52-39.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6d2e3b86-3e6c-47d0-9aa3-770b6b210ca2"><div class="bn-block" data-node-type="blockContainer" data-id="6d2e3b86-3e6c-47d0-9aa3-770b6b210ca2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Regards,</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6addd7d2-8e56-4b03-aa28-93a68a8b17f1"><div class="bn-block" data-node-type="blockContainer" data-id="6addd7d2-8e56-4b03-aa28-93a68a8b17f1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">FVM Research</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="27bc506b-5617-4212-a566-7dd20e0aed62"><div class="bn-block" data-node-type="blockContainer" data-id="27bc506b-5617-4212-a566-7dd20e0aed62"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">꧁𓊈𒆜𝓕𝓥𝓜𒆜𓊉꧂</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c6b750c5-a000-4798-bd6a-3cbaf7074e3a"><div class="bn-block" data-node-type="blockContainer" data-id="c6b750c5-a000-4798-bd6a-3cbaf7074e3a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲╰┈➤ Forever_More 🔔</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="20cd25e4-791a-482f-ac9b-0ae4388f5562"><div class="bn-block" data-node-type="blockContainer" data-id="20cd25e4-791a-482f-ac9b-0ae4388f5562"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🇧🇹 Bhutan’s Bold Blockchain Shift「 ✦ FVM Research ✦ 」𓆰♕𓆪

🇧🇹 不丹大胆的区块链转变「 ✦ FVM Research ✦ 」𓆰♕𓆪

🚩 Fear’s False Flag「 ✦ FVM Research ✦ 」𓆰♕𓆪

🚩 恐惧的假旗「 ✦ FVM 研究 ✦ 」𓆰♕𓆪

I haven’t seen much attention on this yet. i personally believe they will add these to the official bitcoin treasury for the usa. when it’s all said and done, there are going to be trillions of us dollars invested into bitcoin once a certain group comes in - possibly they will use some of these coins as part of that investment.

but what do you think? is it possible that this is trump’s way of showing joe biden who the president is ❤️❤️❤️❤️

the seizure itself was not an outrageous event, but i think people need to realize if you hold any cryptocurrency- then you have accepted financial risk against your government deciding weather or not deemed worthy or legal enough for their citizens to use provided through hurricanes , bitcoin seized off individuals wallets etc…something like 87% was recovered out of 1 billion by irs agents so if those bitcoins were monitored due from outside wallet addresses using tracking software (obviously makes sense- irs agents don’t have a time machine or ability watch every transaction), then anyone storing crypto should definitely assume we are all being watched because they can easily look up names , birthdays, address , ssn / fincen with enough knowledge and no one would notice at all…


The US sec seizes 127k Bitcoin. but why....

美国证券交易委员会查获了 12.7 万 Bitcoin。但是为什么......

BREAKING: The U.S. Government just transferred 667.6 $BTC worth $74.7 million to a new wallet
      <div>
        <img src="https://static.sosovalue.com/sosovalue/2025/10/15/b94eae45-73fa-44a4-b16b-5e21f6a2f2a2.jpg" alt="">
      </div>
    

BREAKING: The U.S. Government just transferred 667.6 $BTC worth $74.7 million to a new wallet

突发：美国政府刚刚将价值 7470 万美元的 667.6 $BTC 转移到一个新钱包

The crypto market experienced broad declines in the past 24 hours, influenced by multiple factors including a $400 million support initiative from binance announced yesterday to boost investor confidence. the industry-wide turmoil arises from a series of events that have heightened uncertainty in the market. among these was a significant liquidation incident on october 11, which led to marked fluctuations across various cryptocurrencies including bitcoin, ethereum and many other altcoins.

additionally, reports surfaced about alterations made to binance's historical data around this period intended for user compensation purposes (such as listing failed events to ensure they don't happen again).

further revelations included blockfi's selling of significant amounts ($14-$12 million) worth of sol due an underfunded loan arrangement with ftx trading ltd. these sales triggered reactions among investors who perceived them as dumping behavior rather than responsible risk management strategies.

on-chain analyst adam cochran reported withdrawals totaling approximately $450 superimposed upon negative news narratives surrounding digital asset exchanges like bybit experiencing their second consecutive day without outflows after two back-to-back volumes spiking sessions creating flooding conditions causing major liquidations along numerous large caps preceding late last night before redemption opportunities provided through low-utilized space also disrupted sellers off ledger shelves created panic buyers further aggravating general stores where short term traders often engage while disassociating deeper pocket players' holding positions grasping effectively high yields realized when averaging.
   other metrics exhibiting divergence observed movements not only characterized described patterns but also exhibited favorably higher influxes seen partial volume rebounds across most sectors maintaining value capitalizing increased retail positivity despite ongoing fears over liquidity depth issues plaguing numerous segments consolidating overall downward pressure saw performance decline indices nearing -5%.    for more detail see:   cryptocurrency prices dropped today as markets continued reacting following unease caused closely related incidents impacting trading activities leading respective exchanges scrutizining all financial arrangements ensuring integrity users funds are safeguarded delivering clarity results obtained assets rightfully claimed respectively held secured throughout processes verifying informations requested thus preventing frauds enabling opportunities towards regenerate losses gradually established rebuilding trust.


LAUNCHCOIN

Crypto Market Faces Broad Declines Amid Post-Liquidation Volatility

加密货币市场在清算后的波动中面临广泛下跌

BỘ TƯ PHÁP MỸ THU GIỮ 15 TỶ USD BITCOIN TỪ ĐƯỜNG DÂY LỪA ĐẢO “PIG BUTCHERING” TOÀN CẦU

 🔹 Bộ Tư pháp Mỹ (DOJ) đã thu giữ 15 tỷ USD Bitcoin liên quan đến một đường dây lừa đảo crypto quy mô lớn có trụ sở tại Campuchia, được xem là vụ tịch thu tài sản lớn nhất trong lịch sử của DOJ. 
🔹 Kẻ chủ mưu bị cáo buộc là Trần Chí (Chen Zhi) – Chủ tịch Tập đoàn Prince Holding Group, bị cho là đã điều hành một trong những vụ lừa đảo đầu tư lớn nhất lịch sử, sử dụng lao động cưỡng bức để điều hành các “trại scam” trên khắp Campuchia. 
🔹 Tập đoàn Prince, hoạt động tại hơn 30 quốc gia, đã ép buộc hàng trăm người làm việc trong các khu phức hợp lừa đảo, nhắm vào nạn nhân trên toàn thế giới qua mạng xã hội và ứng dụng nhắn tin, dụ họ đầu tư vào các dự án crypto giả, sau đó chiếm đoạt toàn bộ tiền. 
🔹 Hình thức lừa đảo “Pig Butchering” (tạm dịch: “vỗ béo rồi làm thịt con heo”) là chiêu dụ nạn nhân thông qua xây dựng niềm tin và mối quan hệ ảo, khiến họ tin rằng đang đầu tư sinh lời, trước khi bị chiếm đoạt toàn bộ tài sản. 
🔹 Trần Chí cùng các cộng sự bị cáo buộc hối lộ quan chức và lợi dụng ảnh hưởng chính trị để bảo vệ hoạt động phi pháp của mình. Hiện nghi phạm vẫn đang bỏ trốn, và giới chức Mỹ đang tiếp tục điều tra.

Tịch thu BTC

没收 BTC

BREAKING NEWS: A CHINESE DEGEN TRADER WHO LOST $2MILLION DOLLARS ON BINANCE WAS COMPENSATED WITH 0.26$

突发新闻：一位在 Binance 上损失 200.00 万美元的中国 DEGEN 交易员获得了 0.26 美元的赔偿

NFTs are more than just pixelated images sold for millions. They are unique digital assets transforming how we define digital ownership.

But should you jump in headfirst or stay cautious? Here are 3 truths you need to know before investing:

1️⃣  Verified Authenticity
Every NFT is recorded on the blockchain. No fakes, no copies — you’re the one true owner.

2️⃣  Utility Beyond Art
From concerts and gaming to virtual real estate — NFTs can offer exclusive access and even passive income.

3️⃣  Beware the Hype  
Like any new tech, the market is volatile. Some projects skyrocket, others vanish overnight.

This isn’t just a trend. It’s a movement.But like all investments, it requires strategy and understanding.

What do you think — will NFTs shape the future or fade away as just another trend? Drop your thoughts below 👇

👉 Enjoyed this post? Follow me for more insights on crypto, NFTs, and Web3 every week! 🔔
Let’s grow together! 🚀
      <div>
        <img src="https://static.sosovalue.com/sosovalue/2025/10/15/c59954f1-b25d-4e79-9f9e-0e7c23e54d4d.jpg" alt="">
      </div>
    

“NFTs: Digital Revolution or Overhyped Bubble?”

“NFT：数字革命还是过度炒作的泡沫？”

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block" data-node-type="blockContainer" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Transparency and efficiency.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block" data-node-type="blockContainer" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Role of Blockchain in Supply Chain

区块链在供应链中的作用

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="05299f3d-de80-49d4-b2c7-efa097e66507"><div class="bn-block" data-node-type="blockContainer" data-id="05299f3d-de80-49d4-b2c7-efa097e66507"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bitcoin is trading around $111,500, reflecting a 10% weekly drop and sparking concerns about a deeper pullback! Analysts are closely watching the $100,000 level as a potential target if Bitcoin fails to hold current support, with sentiment reaching multi-year lows. Key support levels to watch include $107,300, with a deeper zone of interest between $103,900 and $100,800. Despite negative sentiment and recent liquidation events erasing nearly $19 billion in open interest, some analysts suggest the market structure remains intact, viewing liquidations as cleansing phases followed by recovery. Key resistance remains around $116,000, while a break below $110,000-$111,000 could lead to a move towards $107,000! The market currently lacks a clear trend, with high volatility expected to continue.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8ff29cc9-0c48-460a-94ba-94328057a5ae"><div class="bn-block" data-node-type="blockContainer" data-id="8ff29cc9-0c48-460a-94ba-94328057a5ae"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

$100K BTC? Bitcoin Chart Signals Possible Pullback Amid Volatility

10 万美元 BTC？Bitcoin 图表显示波动性中可能出现回调

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block" data-node-type="blockContainer" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Japan is preparing to <strong>prohibit insider trading in cryptocurrency markets</strong>, according to a recent report by <em>Nikkei</em>. The move marks another major step in aligning Japan’s crypto regulations with traditional financial market standards.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block" data-node-type="blockContainer" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📰 Key Details</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block" data-node-type="blockContainer" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Japan’s regulators are drafting a new framework that will <strong>explicitly ban insider trading involving crypto assets</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block" data-node-type="blockContainer" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Currently, Japan’s <strong>Financial Instruments and Exchange Act (FIEA)</strong> does <strong>not</strong> cover insider trading for crypto, leaving a legal gap.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block" data-node-type="blockContainer" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Under the new rules, the <strong>Securities and Exchange Surveillance Commission (SESC)</strong> — Japan’s main market watchdog — will be empowered to <strong>investigate suspicious crypto transactions</strong> and <strong>impose penalties or criminal charges</strong> for violations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block" data-node-type="blockContainer" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The legislation will clarify:</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block" data-node-type="blockContainer" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">What constitutes “insider information” in crypto projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block" data-node-type="blockContainer" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Who qualifies as an “insider”</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block" data-node-type="blockContainer" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">When information must be publicly disclosed</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block" data-node-type="blockContainer" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The <strong>Financial Services Agency (FSA)</strong> is reportedly forming a working group to finalize the legal framework and aims to <strong>introduce the bill to parliament by 2026</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block" data-node-type="blockContainer" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>(Sources: Nikkei, Cointelegraph, Decrypt, Reuters)</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block" data-node-type="blockContainer" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🎯 Why This Matters</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block" data-node-type="blockContainer" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Boosting Market Confidence</strong><br>The measure is expected to enhance trust in Japan’s crypto markets by reducing manipulation, information asymmetry, and unfair trading advantages.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block" data-node-type="blockContainer" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Strengthening Oversight</strong><br>Giving the SESC clear authority will help Japan monitor crypto transactions more effectively, even though decentralized systems make enforcement complex.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block" data-node-type="blockContainer" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Regulatory Alignment</strong><br>Japan has long aimed to integrate crypto within its financial regulatory system. Earlier in 2025, Nikkei also reported that the government plans to <strong>grant crypto assets legal status as financial products</strong>, paving the way for broader investor protection measures.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block" data-node-type="blockContainer" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block-content" data-content-type="numberedListItem" data-index="4"><p class="bn-inline-content"><strong>Challenges Ahead</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block" data-node-type="blockContainer" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Determining who counts as an “insider” in decentralized projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block" data-node-type="blockContainer" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Defining what qualifies as “non-public” or “market-moving” information</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block" data-node-type="blockContainer" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Regulating cross-border transactions in globally traded digital assets</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block" data-node-type="blockContainer" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🇯🇵 Japan Moves to Ban Insider Trading in Crypto Markets (Nikkei)

🇯🇵 日本将禁止加密货币市场内幕交易（日经新闻）

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block" data-node-type="blockContainer" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Humanity Protocol (H)’s 100%+ surge on October 13 was really impressive, but I don’t think it was just short-term FOMO. Looking closely at the chart and volume in the previous days, I suspect Market Makers (MMs) quietly accumulated early, as buy volume increased noticeably even before the breakout.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block" data-node-type="blockContainer" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">What stood out during the strong surge was the lack of significant selling pressure. This usually happens when most tokens have already been accumulated and the floating supply in the market is limited. At this stage, MMs just need a small push to ignite the price, naturally triggering retail FOMO.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block" data-node-type="blockContainer" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">I remain cautiously positive on Humanity: the project has solid fundamentals, altcoin capital is returning, and market sentiment is warming up. However, I stay alert—after strong pumps like this, a short “shakeout” often comes to clear weaker positions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block" data-node-type="blockContainer" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If MMs are indeed accumulating, I think this is just the prelude. The main wave could still be ahead, but anyone joining should stay calm, split positions, and avoid chasing the top. Big waves are reserved for those patient enough to wait for MMs to make their move.</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block" data-node-type="blockContainer" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" alt="BlockNote image"></div></div></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block" data-node-type="blockContainer" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Humanity– Signs of “accumulation” ahead of a big wave

人性——大浪潮前的“积累”迹象

Undoubtedly Ethereum is the second most accepted Crypto and worths more after Bitcoin and the recent All Time High is a sign that Ethereum is going to possibly go above $6,000 Dollars anytime soon.

In the light of this BitMine chair Tom Lee says Ethereum going to $12,000 wouldn’t be a “blow off top,” it will just be price discovery at a new level.
      <div>
        <img src="https://static.sosovalue.com/sosovalue/2025/10/15/67faac1e-007e-49e4-b284-9a78e5a492e4.jpg" alt=""><img src="https://static.sosovalue.com/sosovalue/2025/10/15/5716fbba-ac0f-42e5-8cce-fb6ef780018d.png" alt="">
      </div>
    

BitMine Chair Tom Lee Says Ethereum Going To $12,000

BitMine 董事长 Tom Lee 表示以太坊价格将达到 12,000 美元

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="17b64b07-72d8-4e62-b403-9c27bacb955a"><div class="bn-block" data-node-type="blockContainer" data-id="17b64b07-72d8-4e62-b403-9c27bacb955a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Elon Musk said, “Bitcoin is based on energy, you can issue fake fiat currency, and every government in history has done so, but it’s impossible to fake energy.” This perfectly captures why Bitcoin stands apart, it’s powered by real energy, not empty promises.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ba183ee1-f493-44b4-bcaa-9a600d9c3917"><div class="bn-block" data-node-type="blockContainer" data-id="ba183ee1-f493-44b4-bcaa-9a600d9c3917"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="20eb7526-148d-4f77-8d58-d9a41ff8528e"><div class="bn-block" data-node-type="blockContainer" data-id="20eb7526-148d-4f77-8d58-d9a41ff8528e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Not financial advice! You can fake money, but you can’t fake energy and that’s what makes<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/coins/bitcoin/top/">$BTC</a>unstoppable! 🫶</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1517246d-e841-44de-908d-4bbeb9abcec0"><div class="bn-block" data-node-type="blockContainer" data-id="1517246d-e841-44de-908d-4bbeb9abcec0"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/5944b01b-b36e-410d-b72e-aebff84cdd5f.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/5944b01b-b36e-410d-b72e-aebff84cdd5f.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="88a34f8e-af39-45ee-9a90-5dca4a77a9d3"><div class="bn-block" data-node-type="blockContainer" data-id="88a34f8e-af39-45ee-9a90-5dca4a77a9d3"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Elon Musk on Bitcoin’s True Value! 📰

Elon Musk 说，“Bitcoin 是基于能源的，你可以发行虚假的法定货币，历史上每个政府都这样做过，但伪造能源是不可能的。” 这完美地说明了为什么 Bitcoin 与众不同，它是由真正的能源驱动的，而不是空洞的承诺。

不是财务建议！你可以伪造货币，但你不能伪造能源，这就是使<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/community/coins/bitcoin/top/">$BTC</a>势不可挡的原因！🫶

伊隆·马斯克谈比特币的真正价值！📰

1.02M $BTC held by public companies. That's 4.87% of the total supply GONE. The institutional wall of money isn't coming—it's already here, permanently reducing supply. If 172 firms hold $117B, what happens when 1,000 firms start buying? Price discovery is imminent. 🚀
      <div>
        <img src="https://static.sosovalue.com/sosovalue/2025/10/15/93ce4a48-a6b3-48af-ab48-1267f27e9827.jpg" alt="">
      </div>
    

Public companies holding Bitcoin increased nearly 40% in Q3 2025, with 172 firms now holding 1.02M $BTC worth $117B. 🐂

在 2025 年第三季度，持有 Bitcoin 的上市公司增加了近 40%，目前有 172 家公司持有价值 1170 亿美元的 102 万枚 $BTC。🐂

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b0d0fc1d-ed41-4849-b93a-d0b9d4e0609f"><div class="bn-block" data-node-type="blockContainer" data-id="b0d0fc1d-ed41-4849-b93a-d0b9d4e0609f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d882e791-5290-4643-8af2-9c5d53008168"><div class="bn-block" data-node-type="blockContainer" data-id="d882e791-5290-4643-8af2-9c5d53008168"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">- Sau vụ quét thanh khoản Future vừa rồi thì sàn Binance đã bắt đầu hành động cho Community và bồi thường thiệt hại</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="9c0288f8-8ddd-423d-85ca-62c7b2919204"><div class="bn-block" data-node-type="blockContainer" data-id="9c0288f8-8ddd-423d-85ca-62c7b2919204"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/685e1dc3-3a36-4e3d-8e1e-8b6552fe5d74.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/685e1dc3-3a36-4e3d-8e1e-8b6552fe5d74.png" alt="BlockNote image"></div></div></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ea99baa2-de0a-450c-b575-e3eb8e3a5225"><div class="bn-block" data-node-type="blockContainer" data-id="ea99baa2-de0a-450c-b575-e3eb8e3a5225"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

WHALES CHÁY 2M ĐƯỢC ĐỀN BÙ 0.26$

鲸鱼损失 200.00 万美元获赔 0.26 美元

TokenBar®🍻

我的主页

通知