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Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
US indexes were muted Monday as investors wait to hear from Chair Powell and President Trump
South Korea’s government requested local exchanges to stop crypto lending services that have been in place since last month. The Financial Services Commission and Financial Supervisory Service issued a press release on Tuesday. They said they sent an official letter asking local crypto exchanges to suspend new lending services until regulators finalize guidelines. Although Crypto Lending … <a href="https://beincrypto.com/korea-stops-local-exchanges-from-crypto-lending-services/">Continued</a>
- 01:26Machi Big Brother Jeffrey Huang’s YZY Long Position Has an Unrealized Loss of $376,000According to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that Machi Big Brother Jeff Huang’s YZY long positions are currently showing an unrealized loss of $376,000. This morning, he increased his position again to lower his average entry price ($1.0892). His current holdings have grown to 1.36 million YZY, worth approximately $1.1 million. At present, all five of Machi’s long positions are in a floating loss, totaling $9.17 million.
- 01:01Identity of the First YZY Buyer Revealed, Previously Profited Over $100 Million from TRUMPOn August 22, according to on-chain analysis by Bubblemaps, the first buyer of YZY was Naseem—a trader who invested $1.1 million in TRUMP earlier this year and ultimately made over $100 million in profit. YZY was deployed on-chain on August 17, with the first actual transaction taking place on August 21, when an address starting with AwY1V purchased $250,000 worth of YZY. Bubblemaps discovered a strong connection on-chain between the AwY1V address and wallets previously associated with Naseem, including addresses that had previously snapped up Libra and Trump tokens. Based on this evidence, there is reason to believe that the AwY1V address belongs to Naseem. So far, Naseem has cashed out $800,000 from the initial purchase, still holds $600,000 worth of YZY, and may have used other addresses for trading.
- 00:57Europol’s Bounty on Russian Crypto Ransomware Gang Turns Out to Be a ScamAccording to Jinse Finance, a supposed $50,000 bounty offered by Europol for tracking down the administrators of the Russian ransomware group Qilin is actually just a Telegram scam. This fake bounty announcement deceived several cybersecurity news outlets, leading them to mistakenly believe that Europol would reward anyone who could provide information on Qilin’s two administrators, Haise and XORacle. The two are reportedly responsible for “coordinating affiliates and overseeing extortion activities,” and Europol was said to be seeking intelligence that could “directly lead to the identification or location of these administrators.” However, Europol confirmed to Security Week that this so-called bounty is in fact a “scam,” and the agency has never issued such a reward.