「ETH Whale with 75% Win Rate in Four Battles」 on the Verge of Liquidation, Ethereum Short Position Faces Over $9 Million in Unrealized Losses

On August 31st, according to HTX market data, the crypto market experienced a notable rebound. Bitcoin rose above $109,000 and Ethereum rose above $4,450. The total cryptocurrency market capitalization rose to $3.877 trillion, with a 24-hour increase of 1%. The Greed Index went from 39 to 48, changing market sentiment from fear to neutrality. Some altcoins took the lead in the rebound, including: DOLO with a 24-hour increase of 36.2% and now trading at $0.293; AXS with a 24-hour increase of 15.98% and now trading at $2.62; JOE with a 24-hour increase of 15% and now trading at $0.176; DASH with a 24-hour increase of 9.3% and now trading at $24.8; CFX with a 24-hour increase of 8.8% and now trading at $0.2; 1000Simon's Cat with a 24-hour increase of 6.2% and now trading at $0.008.

On August 31st, based on LookOnChain's monitoring, a whale address (0x8A1d) has just withdrawn 433,176 IP from Bybit, with a value of $3.7 million.

On August 31st, as per the monitoring of OnchainLens, a newly established wallet received 230,420 SOL from FalconX, which was worth $46.36 million, and then staked the assets.

August 31. As per the monitoring of EmberCN, Longling Capital once more enhanced its holdings by 7,000 ETH. During the past 5 days, it transferred 20 million USDT to Binance and withdrew 7,000 ETH from Binance 10 minutes ago, with a value of 30.67 million US dollars.

On August 31st, as reported by Decrypt, Dutch and U.S. law enforcement agencies have confiscated the online platform for trading fake IDs, VerifTools. This marketplace sold counterfeit documents for as little as $9 in cryptocurrency, generating a revenue of $6.4 million, making it one of the largest suppliers of fraudulent identity documents in the world. VerifTools required users to upload a passport photo and enter false data, which the website operators then used to create fake ID documents. These documents were almost indistinguishable from real ones, employing advanced techniques like holograms and UV ink. Users ultimately paid for the forged IDs using cryptocurrency. The operation seized 23 servers, two domain names used by the VerifTools marketplace, and a promotional blog.

Whale 0x8A1d just withdrew 433,176 $IP($3.7M) from #Bybit.