Federal Reserve Governor Cook Faces New Mortgage Fraud Allegations Today
August 29th: On this day, Mark Pullen, who is the Director of the Federal Housing Finance Agency, once more submitted another criminal charge regarding the third property of Federal Reserve Board Governor Cook in Massachusetts to the Department of Justice. The charge asserts that Cook obtained a mortgage of $361,000 for an apartment in Massachusetts and claimed it as a second home. Eight months later, Cook claimed to have received rental income ranging from $15,000 to $50,000 and classified it as an investment property.
Cook may be engaged in Reverse Occupancy Fraud. In this type of fraud, a borrower purchases a property as an investment but initially falsely represents it as a primary or secondary residence in order to obtain a lower mortgage rate or more favorable loan terms. Subsequently, the borrower may change the property's use by declaring rental income to conform to the definition of an investment property.
BlockBeats had previously reported that a judge in charge of the case
13 minutes ago
Yesterday, the US Bitcoin Spot ETF saw a net inflow of $1.789 billion, while the Ethereum Spot ETF saw a net inflow of $39.1 million.
On August 29th, as monitored by Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $178.9 million, and BlackRock IBIT received a net inflow of $63.7 million.
Yesterday, the net inflow of the US Ethereum spot ETF was $39.1 million, marking the 6th consecutive day of net inflow. Among them, BlackRock ETHA witnessed a net inflow of $67.6 million, while Fidelity FETH saw a net outflow of $33.5 million.
13 minutes ago
Matrixport appeared at Bitcoin Asia2025 to discuss how Asian institutions are leading the way in seizing new opportunities in Bitcoin.
On August 29th, Matrixport was extended an invitation to attend the Bitcoin Asia Summit and took part in a panel discussion entitled "Asian Institutions Leading the Commencement of a New Bitcoin Era."
During the event, Matrixport's COO, Cynthia Wu, pointed out that the digital asset investment is undergoing a substantial transformation. An increasing number of investors and corporate treasuries are regarding Bitcoin as a long-term asset allocation. They are continuously accumulating rather than engaging in short-term speculation. ETFs and stock tokens have made it more accessible for the general public to invest in digital assets, significantly reducing the learning curve. In just two years, the combined market value of these two has exceeded $260 billion and is approaching the current market capitalization of stablecoins. It can be anticipated that with the proliferation of stablecoins, the market capitalization of Bitcoin still has the potential to grow tenfold in the coming years.
13 minutes ago
XPL on Hyperliquid Continues to Surge, Breaking $1.1 Mark with a 36% Premium Over Binance
On August 29th, on Hyperliquid (accessible via https://app.hyperliquid.xyz/join/NTOD), XPL continued to experience a surge and broke through $1.1. The current annualized funding rate stands at an extremely high 254%, with a 36% positive premium compared to $0.808 on Binance.
Early yesterday morning, Hyperliquid implemented a new mark price calculation method for pre-market perpetual contracts. The mark price of the contract will utilize the standard mark price formula and be combined with the price of external pre-market perpetual contracts (if available).
13 minutes ago
The 219th Ethereum All Core Developers' Meeting Fusaka Development Net Devnet3 is expected to be finalized today
August 29th, Tim Beiko provided a summary of the 219th Ethereum All Core Developers Meeting (ACDE). The key points of this meeting are as follows:
The Fusaka development network Devnet 3 is anticipated to be completed by today. The consensus layer team is actively working on resolving synchronization issues. Provided that everything proceeds smoothly, Devnet 5 will be launched.
There are arrangements to deprecate Holesky a few weeks after Fusaka becomes active. A public post will be issued to explain the timetable and migration guide.
The Gas Limit target is to reach 60 million prior to the Fusaka upgrade.
Glamsterdam Update (in future meetings, the discussion on the PFI matter requested by clients will take precedence) and other matters.
13 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
