"I FOMOed In" Market Cap Skyrockets to Over $10 Million in a Short Period, 24-Hour Gain of 91.2%
On January 8, per GMGN data, the Chinese meme coin "Wotamao" saw its market cap surge past $10 million shortly after listing on Binance Alpha, hitting a peak of $5.5 million. Its 24-hour price gain stands at +91.2%, with a 24-hour trading volume of $6.4 million.
### Notes on U.S. language habits adjustment:
1. **Date format**: Used *"On January 8"* (common in casual/quick news, omitting "th" for brevity).
2. **Terminology**: Replaced *"market value"* with *"market cap"* (standard jargon for crypto tokens in U.S. contexts); *"Meme token"* → *"meme coin"* (more widely used by U.S. crypto audiences).
3. **Tone**: Swapped passive *"was listed"* for active *"shortly after listing"*; *"reaching a peak"* → *"hitting a peak"* (more conversational for quick updates).
4. **Clarity**: Used *"price gain"* instead of *"price change"* (more precise for positive growth).
No Chinese characters included, aligning with your request.
9 minutes ago
Whale Trader "pension-usdt.eth" Continues to Reduce ETH Short Position, Still Holding $150,000 Unrealized Gain
Jan 8 — According to monitoring by HyperInsight (via
its Telegram channel), as Ethereum dropped below $3,100, the whale address "pension-usdt.eth" has begun reducing its $64 million Ethereum short position. It currently holds a short position of 8,377.77 ETH with 3x leverage (roughly $26.14 million) and an unrealized profit of $150,000.
9 minutes ago
Vitalik: Ethereum should be as reliable as the "world's heartbeat"; increasing bandwidth is more secure than reducing latency
On January 8, Ethereum co-founder Vitalik Buterin shared a post on Ethereum scalability, arguing increasing bandwidth is more secure than cutting latency. He noted that combining PeerDAS and zero-knowledge proofs (ZKPs) could enable thousands of times more scalability while preserving decentralization. However, latency is constrained by factors like the speed of light, node geography, censorship resistance, and economic practicality.
Vitalik stressed Ethereum should be as reliable as the "world’s heartbeat"—not just a high-speed game server. Apps needing faster speeds should leverage off-chain components, a key reason layer-two (L2) networks will keep playing a critical role even as Ethereum scales up significantly.
9 minutes ago
Chinese Ministry of Commerce Responds to Review of Meta's Acquisition of Manu: Enterprises Engaging in Outbound Investment Must Comply with Chinese Laws and Regulations
Xinhua News Agency reported on Jan. 8 that China’s Ministry of Commerce held a routine press briefing that day.
Ministry spokesperson Hua Chunying responded to questions about Meta’s acquisition of AI platform Manus. She stated the Chinese government has long supported enterprises in pursuing international operations and mutually beneficial technical cooperation in compliance with laws and regulations.
Notably, enterprises engaged in outbound investment, technology exports, data exports, cross-border mergers and acquisitions must adhere to Chinese laws and complete required statutory procedures. The Ministry of Commerce, in coordination with relevant departments, will evaluate and investigate whether this acquisition aligns with relevant rules on export control, technology import/export, outbound investment, and other areas.
9 minutes ago
Shanghai No. 2 Intermediate People's Court, China: Merely holding and trading cryptocurrency as an individual is generally not deemed as the crime of illegal business operation
**Virtual Currency Crime Legal Uniformity Seminar Held**
On January 8, a criminal trial seminar focused on *Legal Uniformity in Virtual Currency-Related Crimes* took place. Key organizers included:
- Co-host: China Criminal Law Research Association
- Guiding body: Shanghai High People’s Court
- Joint organizers: Shanghai Second Intermediate People’s Court & Renmin University of China Law School
### Key Discussion Takeaways
1. **Money Laundering: Subjective Awareness**
To avoid unjust attribution, courts must comprehensively assess a defendant’s subjective awareness in virtual currency-related money laundering cases.
2. **Money Laundering: Behavior & Completion**
- Core of the crime: Disguising or concealing criminal proceeds and their sources/nature.
- A crime is completed when an act meets the legal elements (disguising/concealing proceeds or benefits).
- Strict enforcement is required to safeguard national financial security.
3. **Illegal Virt
9 minutes ago
Ethereum Drops Below $3100, 24-hour Loss Extends to 4.82%
On January 8th, Ethereum dipped below $3,100, with its 24-hour drop widening to 4.82%, according to HTX market data.
9 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
