1. QCP Capital: Crypto market rebounds, but Ethereum still performs poorly
QCP Capital's latest report pointed out that the deputy governor of the Bank of Japan downplayed the possibility of another interest rate hike in the near future, driving the crypto market to rebound, but Ethereum still performed poorly. Jump Trading continued to sell ETH, and currently has 21,394 $wstETH (about 63.6M USD) remaining, and Plus Token Ponzi 2's ETH wallet also saw transfers. Optimistic about BTC, seeing a large number of call options bought for December and March expiration, major funds are also rolling long-term bullish positions in September.
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2. The number of initial jobless claims in the United States for the week ending August 3 was 233,000
Although most people believe that US economic data has been manipulated, these data can still affect the trend of risky assets. Bitcoin and Ethereum rebounded by more than 5% today. The impact of the yen rate hike has temporarily come to an end, but the market is still in a state of panic and the panic index is still high. From the options data, the IV of major maturities remains at a high level of more than 60%, and there is no room for a significant decline in the short term. Currently, the BTC 7D RV is as high as 100%, far exceeding the IV level. There is a clustering effect in volatility, and large fluctuations will bring long-term aftershocks. IV has strong support.
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3. Bitrace discloses a new fraud method of using QR code to transfer money for theft
Bitrace disclosed a new type of fraud method that used a QR code transfer test to steal money. After scanning the code, a third-party website appeared with "Official Certification of EURET" in the upper right corner, supporting USDT remittances. When the user entered the specified amount of money to be returned according to the scammer's requirements on this interface, clicking "Next" would jump to the wallet signing interface. Once the confirmation was clicked again, the smart contract would be interacted with, and the wallet's authorization would be stolen. The scammer transferred all the victim's assets through authorization.
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4. Hong Kong Customs smashed a criminal group that used virtual currency to launder money
Between 2020 and 2022, the group collected large amounts of overseas funds through multiple shell companies and laundered the black money through virtual currency transactions. These funds involved overseas criminal activities and were mainly transferred through more than 30 accounts in 7 banks, with the largest single transfer amount reaching HK$23 million. Subsequently, the criminal group split and transferred the funds to 180 third-party accounts, and recruited a local man with a monthly remuneration of 70,000 yuan to process 300 million yuan of black money through virtual currency. Customs froze approximately HK$2.2 million in assets in the relevant accounts and seized evidence such as mobile phones, computers, bank cards and documents.
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5. Brazilian police destroy drug gang's 500 million reais cryptocurrency money laundering network
Police in Sao Paulo, Brazil, have successfully dismantled a cryptocurrency money laundering scheme run by the drug gang First Capital Command (PCC). The gang conducted transactions of approximately 500 million reais (about 89 million U.S. dollars) through a company that acted as a cryptocurrency exchange. During the raid, police seized checks worth 55 million reais (about 8.9 million U.S. dollars) at the company's headquarters and executed 20 arrest warrants and 60 search warrants against PCC members. Brazilian courts have frozen more than 8 billion reais (about 1.427 billion U.S. dollars) in assets of those involved in the case.
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