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1Dogecoin May Face Breakout or Pullback After Volume Spike, Market Cap Rises to $31.7B2World Liberty Financial (WLFI) Undertakes Token Burn as Possible Measure to Curb Post-Launch Price Decline3Yunfeng Financial, Linked to Jack Ma, Acquires 10,000 ETH and May Bolster Institutional Support for Ethereum in Hong Kong
ABTC harvests profits immediately after listing, Trump family wins big again
Bitpush·2025/09/04 00:34
Flash
- 01:53Crypto influencer Gainzy's token market cap plummets 99% due to an "accidental click"According to ChainCatcher, as reported by Protos, crypto influencer Gainzy claimed that he accidentally clicked the "sell" button while fiddling with his phone, causing the market cap of his own Pump Fun token to plummet by 99%. This action caused the market cap of gnzystrm to drop instantly from $4.6 million to $12,000, before rebounding to $2.2 million. Nevertheless, Gainzy personally profited $168,000 during this process. After the incident, Gainzy posted on X saying that it was an accidental click due to a slip of his hand. He subsequently contacted Pump Fun CEO Alon Cohen, hoping to fix this "rug pull" incident, and emphasized that he was not hacked. Although Gainzy claimed it was an accident, some observers and crypto security firm Arkham expressed doubts. In an emergency livestream, Gainzy stated that he was working with the Pump Fun team to resolve the issue and would provide updates as more information became available. He also mentioned that he would not publicly announce a buyback plan to avoid being front-run.
- 01:46A dormant address containing 479 BTC was activated after 12.8 years.Jinse Finance reported that, according to on-chain data tracking service Whale Alert, at around 9:38 AM (GMT+8), a dormant address containing 479 BTC (worth $53,683,598) was just activated after 12.8 years.
- 01:37The Korean Financial Services Commission will refer "large whales" who manipulated coin prices with tens of billions of won to the prosecution.Jinse Finance reported that on the 3rd, the Korean Financial Services Commission stated at a regular meeting that it has referred individuals suspected of manipulating the virtual asset market and engaging in unfair trading practices to the prosecution, and has decided to impose fines on those suspected of unfair trading. According to the financial authorities, a "large whale" investor used hundreds of billions of Korean won to drive up the prices of multiple cryptocurrencies, illegally profiting tens of billions of Korean won, and is suspected of market manipulation, thus being referred to the prosecution. The suspect first concentrated on submitting manipulative buy orders, and after the inflow of funds formed buying momentum, immediately sold off all held tokens, even transferring tokens previously purchased on overseas virtual asset exchanges to domestic exchanges for sale. In addition, cases of unfair trading involving the use of social media to falsely release positive information and profit from it have also been referred to the prosecution. This is the first time that the financial authorities have investigated and handled unfair virtual asset trading cases through social media. For intelligent unfair trading cases that exploit price linkage between exchanges, the authorities have imposed fines. This is the first fine issued since the implementation of the Virtual Asset User Protection Act.