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Thunder Speed's Reboot Countersues Former CEO Chen Lei, Who Was Involved in Embezzling Millions of Yuan from the Company for Cryptocurrency Speculation凸(⊙▂⊙ )

2 hours ago

On January 15th, Xunlei (Nasdaq: XNET) restarted a lawsuit against former CEO Chen Lei and his core team, alleging they infringed the company’s interests and seeking up to 200 million yuan (≈$27.8M) in damages. The case has been accepted and filed by a relevant court in Shenzhen, Guangdong, China. This follows Xunlei’s September 2020 announcement accusing Chen of embezzling millions of yuan in company funds for cryptocurrency speculation, and arranging relatives to fabricate contracts to siphon additional funds. Chen left China with his lover in April 2020. Chen was appointed Xunlei Group CEO in June 2017. One month later, Xunlei rebranded its Money Cat product to Wanke Cloud, launched the Wanke Coin cryptocurrency, and shifted from a cash subsidy model to rewarding users with crypto for shared resources. Some 4 million Money Cat users became Wanke Cloud miners, driving Wanke Coin’s price to surge from 0.01 yuan to over 10 yuan on trading platforms. In 2017, daily revenue from Wanke Cloud sales hit hundreds of millions of yuan, marking one of Xunlei’s key historical highlights.
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Bitcoin Breaks $97,000, 24-hour Gain 2.2%

On January 15, Bitcoin topped $97,000, per HTX market data, posting a 2.2% gain over the past 24 hours.

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"I'm Freaking Out" Momentary Surge of Over 40%, Market Cap Reaches $20 Million

On January 15, data from GMGN shows that "I Stepped on the Mac" posted a short-term surge of over 40%—fueled by an initial $95,000 investment from the BNB Chain Foundation. The token peaked at a market capitalization of $20 million and currently holds a market cap of $17.5 million. BlockBeats reminds users that Meme coins often lack practical use cases, exhibit extreme price volatility, and require cautious investing. (Note: The original link GMGN is retained as provided.)

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Due to yesterday's Starknet valuation controversy, two whales have taken a short position on STRK and partially exited with gains today

On January 15th, per monitoring from HyperInsight (https://t.me/HyperInsight), controversy flared in the crypto community after a tweet from Solana’s official account. The post noted Starknet’s public chain had just 8 daily active users (DAUs) and 10 daily transactions—yet held a $1 billion market capitalization. Against this backdrop, two whales took action: one identified as the “Shanzhai Air Force Leader” and another address starting with 0x023 opened STRK short positions with roughly 5x leverage. In the past few hours, both have closed a portion of their shorts to lock in profits. Their average entry price was ~$0.0897, with an overall return of ~15%.

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BNB Chain Foundation Buys Into "Binance Life" and "I Just Got Rekt"

On Jan 15, on-chain analyst Ai Auntie (@ai_9684xtpa) reported the BNB Chain Foundation resumed purchasing ecosystem tokens after a four-day pause. It bought $100k worth of "Binance Life"—marking its second such acquisition, following an initial $95k purchase of the token "I F***ing Made It."

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Argentinian cryptocurrency exchange Lemon launches Bitcoin-backed Visa credit card

On Jan. 15, Cointelegraph reported that Argentine crypto exchange Lemon has launched a Bitcoin-backed Visa credit card. The card lets users lock up Bitcoin as collateral to secure a peso credit line—no need to sell their crypto holdings.

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「James Wynn」 Liquidates PEPE and ETH Long Positions, Ultimately Profits $20,000 on Exit

January 15 – Per HyperInsight monitoring, trader James Wynn (0x507), once on the brink of “bankruptcy,” liquidated all his PEPE and ETH long positions on Hyperliquid today and withdrew most of his funds from the platform—roughly $41,000. The PEPE long position yielded ~$110,000 in profits, while the ETH long position posted a $160,000 loss. The address initially opened PEPE long positions with ~$20,000, and account funds once peaked at $900,000. However, on January 8, his positions faced 12 consecutive liquidations, with the account size halved multiple times. He exited all positions amid today’s market rally, locking in a final profit of ~$20,000. Notably, on January 1 of this year, James Wynn publicly predicted PEPE’s market cap would exceed $69 billion by 2026, vowing to deactivate his social media accounts if it fails to materialize. PEPE’s current market cap stands at ~$25.4 billion.

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