1. Binance Labs announces an upcoming name change, and CZ will participate in projects as an individual.
Binance Labs stated that it will soon change its name but will continue to focus on fundamentals, aiming to create a long-term impact. This year, it has invested in 46 projects, 14 of which are from the BNB chain-focused MVB program or chain-agnostic lab incubation programs, and 32 from direct investments. With CZ returning and spending most of his time investing in the industry, he is eager to connect with existing and new founders and get personally involved in projects. Binance Labs' key focus areas for 2025 are crypto/blockchain, artificial intelligence, and biotechnology. Binance Labs is expanding its investment scope from primary market trading to any type of trading, including secondary market liquidity, over-the-counter trading, etc.
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2. Wu said team: Large potential TGE projects in Q1 2025.
The Wu said team has compiled a list of major cryptocurrency projects that may conduct their TGE in Q1, including Pump fun, Linea, Monad, Berachain, Story Protocol, Babylon, Backpack, Particle Network, Lombard, Elixir, Doodles, and Azuki.
3. ZachXBT: The Blockchain Bandit attacker consolidated 51,000 ETH into a multi-signature address, approximately $172.2 million.
According to on-chain detective ZachXBT, the Blockchain Bandit attacker has become active again after years of dormancy, consolidating 51,000 ETH (approximately $172.2 million) into a multi-signature address (0xC45C36017b0B7708f493534Ca4f0930964C1D542).
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4. CleanSpark purchased 3,158 bitcoins this morning, bringing their total holdings close to 10,000.
The Bitcoin mining company CleanSpark Cold Wallet spent $293.39 million today between 0:21 and 3:00 UTC+8 to withdraw 3,158 bitcoins from Coinbase Prime Deposit, and currently holds approximately 9,907 bitcoins in total.
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5. Tether withdrew 7,628.9 BTC purchased this quarter from Bitfinex.
USDT issuer Tether withdrew 7,628.9 BTC (approximately $705 million) from Bitfinex. This should be the BTC that Tether purchased this quarter: Tether announced in May 2023 that it would regularly use 15% of its company profits to buy Bitcoin to enhance reserves. Tether currently holds a total of 82,983 BTC (approximately $7.68 billion), making it the 6th largest BTC wallet address. Its average purchase price is about $36,222, currently yielding a floating profit of up to $4.72 billion.
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6. Montenegro's Prime Minister: Procedures to extradite Do Kwon to the United States have been completed.
Montenegro's Prime Minister Milojko Spajic stated on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon, handing him over to the United States. Montenegro described the extradition as a manifestation of respect for the rule of law. Do Kwon is facing dual prosecutions in New York and Seoul for the $40 billion loss caused by the 2022 TerraUSD stablecoin collapse, and was previously arrested in Montenegro for using a forged passport.
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