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Share link:In this post: An Indian high court has denied the bail petition of a suspect involved in a crypto investment fraud of about $240 million. The court denied him bail because of the severity of the crime and its impact on society. Indian police reveal the modus operandi of the fraudulent group.
Share link:In this post: TRM Labs has revealed that the Embargo ransomware group has moved $34 million in illicit funds since April 2024. The blockchain intelligence firm said the group attacks industries in the critical sector in the United States. The United Kingdom has moved to initiate laws against ransomware payments in the public sector.
Share link:In this post: Indian authorities have warned that the youth demographic of its population is being used to move illegal funds out of the country. Criminal elements are offering innocent youths incentives to use their accounts to move fraudulent funds. Police have arrested about 60 young men as they continue to investigate the growing issue.
Share link:In this post: XRPL EVM launched with big promises but has just $100k in TVL and $3.2k in daily volume. Ripple’s RLUSD stablecoin has a tiny slice of the $271B stablecoin market. Ripple made political and regulatory progress, but its flagship products still haven’t gained real adoption.
Share link:In this post: A California lawsuit seeks to force Microsoft to keep supporting Windows 10 for free until less than 10% of such systems are in circulation. Around 700 million PCs still run Windows 10, including 240 million that cannot upgrade to Windows 11 due to hardware limits. The plaintiff claims that Microsoft’s decision is intended to increase hardware sales and adoption of its AI tools, such as Copilot.
Weekly token unlock wave to add $653 million in new supply, including big moves for Fasttoken, Aptos, Solana, and Dogecoin.
Quick Take Ark Invest, led by Cathie Wood, acquired an additional $19.2 million in Block Inc. stock through three of its ETFs. Block Inc.’s stock closed down 0.49% at $73.03 on Monday, its lowest closing price since July 18.
- 16:53The combined holdings of Ethereum treasury companies and ETFs surpass 10 million ETH, valued at approximately $46.22 billionAccording to a report by Jinse Finance, the latest data from Strategicethreserve shows that the total holdings of Ethereum treasury companies and ETFs have surpassed 10 million ETH, currently reaching 10.01 million ETH, valued at approximately $46.22 billion. Of this, Ethereum treasury companies hold 3.57 million ETH ($16.49 billion), while Ethereum ETFs hold 6.44 million ETH ($29.73 billion).
- 16:21Spot gold falls below $3,330 per ounce, down 0.77% on the dayAccording to Jinse Finance, spot gold has fallen below $3,330 per ounce for the first time since August 1, down 0.77% on the day.
- 16:19US mortgage rates fall to their lowest level since October last yearAccording to a report by Jinse Finance, U.S. mortgage rates have declined for the fourth consecutive week, reaching their lowest point since October of last year. Freddie Mac stated in a release that the average rate for a 30-year fixed mortgage is now 6.58%, down from 6.63% last week. A rate cut by the Federal Reserve does not guarantee a significant reduction in borrowing costs for homebuyers. These indicators often follow the movement of the 10-year U.S. Treasury yield, which is influenced by traders’ reactions to various economic reports. Zillow Home Loans senior economist Karla Wu noted, “Any further signs of tariffs filtering into prices could limit the Fed’s flexibility. The recent drop in mortgage rates may attract some buyers, but many remain on the sidelines as affordability continues to be a serious barrier. This year, the number of sellers returning to the market has outpaced buyers, but the reality they face is that homes for sale are slow to come to market, and the number of qualified buyers is also decreasing.”