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Xinhua News focuses on "March 15th": Beware of speculation in the Metaverse investment, as criminals use the guise of "future currency" to create fake trading platforms

1 days ago

On March 16th, Xinhua News Agency released an article entitled "Focus on '3·15' | AI Face-swapping and Hype of Metaverse Investment." It was pointed out that under the guise of "future currency" and "high returns," some criminals have forged trading platforms, exaggerated revenue data, leading people to mistakenly think that investing in cryptocurrency is a sure thing. Once they have collected enough funds, they manipulate the market, causing the value of the "currency" to drop sharply and even shutting down the trading platform. Some criminals, under the banners of the Metaverse and blockchain, hype up game development related to the Metaverse, virtual reality and other concepts, claiming "earn money while playing games," packaging high-tech investment projects, publicly promoting false high returns, attracting public funds and showing the characteristics of illegal fundraising and illegal activities.
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A whale bought an additional 500,000 AUCTION tokens last week at an average price of $18.57, currently holding a unrealized profit of approximately $6.2 million.

On March 17th, as per the monitoring of OnchainDataNerd, a whale address beginning with 0x02a amassed 500,000 AUCTION tokens during the previous week at an average price of $18.57. Currently, it is indicating an unrealized gain of approximately $6.2 million.

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US Stock Market's Three Major Indexes Rebound, Intel's Gain Widens to 5%

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Robinhood Launches Prediction Market Service Prediction Markets Hub

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U.S. February Retail Sales Growth Below Expectations, Uncertainty Leads to Low Consumer Confidence

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