After hitting a low of $54,280 at the beginning of the week, Bitcoin has been fluctuating between $56,000 and $59,000.
Big news suddenly came out from China: 194,000 bitcoins were cleared out?
The Chinese government confiscated 194,775 bitcoins from the operators of the Ponzi scheme PlusToken in November 2020. The tokens were seized and returned to the state treasury, but it is not clear whether China still holds these bitcoins or whether they have been sold. Cryptocurrency media revealed that part of the funds were sold by the well-known Beijing Zhifan Technology Co., Ltd.
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Wu Blockchain pointed out in an article on Tuesday that on November 26, 2020, the final judgment document of the PlusToken pyramid scheme case that shocked the global cryptocurrency industry was released. A man with only junior high school education in Changsha, Hunan, raised 310,000 bitcoins, 9.17 million ethers, more than 51 million EOS, etc. Its model is a very simple Ponzi scheme and pyramid scheme, raising money and betting on interest, and developing upstream and downstream in a one-stop manner.
Most of the market's attention is focused on the 190,000 Bitcoins, 830,000 Ethereums, and 27.24 million EOS seized by police.
Justin Sun, the founder of Tron and head of Huobi (HTX) Exchange, is a well-known figure in the cryptocurrency circle. He often posts controversial topics on social platforms to attract community attention.
Just yesterday (12), Justin Sun made a bold statement on the social platform X, calling himself a "low-profile version of Musk" and intending to acquire Weibo, a Chinese social media platform similar to Twitter:
It has to be said that as a cryptocurrency celebrity, Justin Sun is indeed very good at catching hot spots, creating topics, and triggering community discussions. For example:
This Tuesday, the novel "Biography of Sun Ge" serialized by Weibo celebrity "Xicheng Aunt" became a hit. The article describes the life journey of Justin Sun from birth to studying at Peking University and then to becoming rich. Sun Yuchen not only responded to it and said that he liked reading it very much, but also rewarded the author with 50,000 yuan.
Earlier this month, when the German government’s frequent sales of Bitcoin caused the market to fall, Justin Sun tweeted that he was ready to purchase all of the German government’s Bitcoin through over-the-counter (OTC) transactions to minimize the impact on the market (but he did not take action).
In mid-last month, after Singapore's legendary national football team goalkeeper Hassan Sunny became popular in China for his performance in a World Cup qualifier, Justin Sun quickly jumped on the Sunny craze. He first announced a strategic brand partnership with Sunny, and then transformed himself into a food influencer and personally filmed a video to promote the snack bar run by Sunny in Singapore.
However, it is worth noting that Sun Yuchen is good at grasping the hot topics of social topics and the pulse of encryption, but every export plan may not be carried out to the end. The acquisition of Weibo may not come true in the end.
