News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.

This article analyzes the results of the Monad airdrop allocation and the community's reactions, pointing out that a large number of early testnet interaction users experienced a "reverse farming" situation, while most of the airdrop shares were distributed to broadly active on-chain users and specific community members. This has led to concerns about transparency and dissatisfaction within the community. The article concludes by suggesting that "reverse farmed" airdrop hunters shift their focus to exchange activities for future airdrop opportunities.

The grand vision of unified development across the entire financial sector on Hyperliquid has never been so clear.


The US and UK have jointly taken action against one of the largest investment fraud networks in history, seizing a record amount of funds.


On the surface, it is a DEX, but in reality, 40% of the initial supply will be used to fund public goods.

You can say it doesn't understand mining, but never say it doesn't understand gaming.

Where does the next opportunity lie?

- 07:34ZachXBT: Over 75% of Garden Finance's total transaction volume from April to July came from stolen fundsJinse Finance reported that ZachXBT posted on the X platform, saying, "I'm tired of on-chain technologies that mainly profit from illegal activities, where their teams charge fees but take no responsibility. If they can't establish mechanisms to prevent illegal activities, they should at least refund the fees. For example: From April to July 2025, over 75% of Garden Finance's total transaction volume came from stolen funds, and they profited hundreds of thousands of dollars from these fund flows (I stopped monitoring the flow of funds after July)."
- 07:33Analysis: The US government may have orchestrated the theft of LuBian mining pool; if true, it would make the US government the largest financial hacker in historyAccording to ChainCatcher, on-chain detective ZachXBT analyzed that documents released by the U.S. government show that wallet addresses listed among the $14 billion (127,000 BTC) seized had previously been named in the Milky Sad report about two years ago, which stated that their private keys were vulnerable. Now, the U.S. government claims to have custody of these wallet addresses. In response, Arkham analyst Emmett Gallic stated after research, "At present, it seems increasingly likely that the U.S. government was behind the theft from the LuBian mining pool. If true, the U.S. government would be the largest financial hacker in history." Although there is still no conclusive evidence to confirm this, Emmett Gallic believes that the future movements of the "LuBian hacker" addresses tagged on Arkham will be sufficient as a basis for judgment. Previous reports stated that LuBian, once among the world's top ten mining pools, suffered a major security incident in December 2020, with a total of 127,426 BTC stolen, making it the largest bitcoin theft in history. The 127,000 BTC seized by the U.S. government yesterday originated from these funds.
- 07:33The United States indicts Chen Zhi, the leader of Asia's largest transnational criminal organization, for involvement in multi-billion dollar cryptocurrency fraud.ChainCatcher news, according to official documents, the United States District Court for the Eastern District of New York formally indicted Chen Zhi (also known as "Vincent"), founder and chairman of the Cambodian conglomerate Prince Holding Group, on October 8, 2025. The indictment accuses Chen Zhi of developing Prince Group, which ostensibly operates in real estate and financial services, into one of Asia's largest transnational criminal organizations since 2015. By establishing at least 10 forced labor scam compounds in Cambodia, the group carried out cryptocurrency investment scams such as "pig-butchering," resulting in billions of dollars in losses for victims worldwide. Prosecutors allege that Chen Zhi and his associates bribed foreign officials, used violence to protect their criminal activities, and laundered criminal proceeds through professional money laundering networks as well as Prince Group's online gambling and cryptocurrency mining businesses. As of 2020, Chen Zhi personally held approximately 127,271 bitcoins, and the U.S. government will seek to confiscate these assets. Chen Zhi is charged with conspiracy to commit wire fraud and conspiracy to commit money laundering. The case is currently being presided over by Judge Rachel P. Kovner.