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BNC4 price breaks through the $33 mark, 8 times the value of its underlying stock BNC.

1 hours ago

According to GMGN data, fueled by speculative sentiment, the price of BNC4, a crypto-equity token on the BSC blockchain, has reached $33 — 7.93 times the price of its underlying stock BNC, which traded at $4.16 in after-hours sessions. 4Stock is a "stock-themed meme" concept launched by Four.meme: it first rolls out underlying assets linked to real-world stocks, then allows the community to issue meme tokens using these assets as a liquidity pool. BNC4 is the first 4Stock, pegged to its corresponding stock asset at a 1:1 ratio.

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A British man recovers 61 Bitcoin from a collapsed cryptocurrency exchange 12 years later.

A British man using the alias "Chris" has successfully recovered 61 BTC from Intersango, a UK cryptocurrency exchange formerly known as Britcoin that ceased operations in 2014, after 12 years of legal pursuit. In 2011, following a friend’s recommendation, Chris purchased 61 BTC at prices ranging from £0.16 to £16 and stored them on the Intersango platform. After the platform shut down in 2014, his assets were frozen for 12 years. Later, at his wife’s suggestion, he contacted CEL Solicitors, a law firm specializing in crypto asset recovery. The firm negotiated via U.S. court procedures, spent 4 months submitting the required documents, and ultimately helped Chris retrieve the BTC, which is currently valued at approximately £3.3 million (around $4.4 million). Chris stated that his family “were left stunned” when they learned he had recovered the BTC worth £3.3 million. He now checks the relevant app about 20 times a day to monitor his assets, noting that the experience has made him far more cautious about entrusting crypto assets to exchanges for custody.

7 minutes ago

Whale xm39 adds nearly $20 million in crude oil positions, with long positions amounting to $35.8 million.

Per monitoring by TradingBeats (formerly Hyperinsight), xm39 added around 214,800 WTI crude oil long positions yesterday, with a nominal trading volume of approximately $19.75 million, lifting its total holdings from roughly 171,300 to 386,200 — a 125% increase. As of press time, xm39’s crude oil long positions stand at about $35.885 million, with an average entry price of $91.93, generating an unrealized profit of roughly $383,000 that has not been realized. Beyond crude oil, xm39 holds 844,800 "Yes" contracts for the Polymarket prediction event "The U.S. will invade Iran before 2027". Its average entry cost corresponds to an implied probability of 18.53%, while the current implied probability is 14.5%; the position is valued at around $122,500, with an unrealized loss of approximately $34,100. According to Brown University’s estimates, as of September 7, U.S. consumers have spent an extra $100 billion on gasoline and diesel due to the Iran conflict. Against this backdrop, xm39’s crude oil long positions have expanded their unrealized profits, while its position on the specific event of a U.S. invasion of Iran remains in unrealized loss. Previous news: "Revealed: Smart money xm39 with 95% win rate: From crypto whale to 'U.S.-Iran war trader', earning $3 million monthly"

7 minutes ago

Crypto KOL: Successfully minted BNC4 at post-close price via Four.meme, netting $230,000 in arbitrage profits.

Crypto KOL 0xShawn (@ShawnThread) announced in a post that he successfully minted BNC4 via the Four.meme platform at the post-market price of US stocks, netting an arbitrage profit of $230,000. Per Four.meme’s 4Stock mechanism and official documentation, Shawn’s arbitrage workflow is as follows: Shawn transferred USDC to Four.meme’s designated minting address and submitted an application. The platform processed the request, used the funds to purchase actual BNC stock (CEA Industries), then minted BNC4 tokens for him at a 1:1 ratio corresponding to the actual purchase amount. Upon receiving the BNC4 tokens, Shawn immediately sold them on the BNB Chain. At the time, on-chain trading of BNC4 saw it priced at 7-8 times the underlying stock’s value (the underlying stock traded at just over $4 post-market, while BNC4 once surged to over $30), enabling the arbitrage.

7 minutes ago

F2Pool co-founder Wang Chun: Blacklisted the entire ZEC company six years ago, and liquidated all his ZEC holdings last week.

F2Pool co-founder Wang Chun has shared a retrospective post recounting that six years ago, a Zcash team member contacted him, but their communication collapsed after the individual repeatedly confused US Eastern Standard Time and US Eastern Daylight Time. Wang subsequently blocked the entire company the employee belonged to. Six years later, Wang says this remains one of the "best decisions" he has made. He also cited a prior BlockFi incident: the crypto firm was meant to send users $701.4 but instead transferred 701.4 BTC. Wang joked, "Someone who can’t even distinguish between US Eastern Standard Time and Daylight Time probably mixes up BTC and USD too." Additionally, Wang noted he was pleased to have liquidated all his ZEC holdings last week and fully switched to DOGE. Note: In April 2020, Wang publicly criticized the Zcash team, stating that if the group could not even understand how daylight saving time works, it could not claim to comprehend zkSNARKs. He further argued the project employed too many staff who lack mastery of basic principles, a flaw he warned could eventually cause the project to fail.

7 minutes ago

4Stock's market cap briefly surges past $60 million, extending its streak of new all-time highs.

According to data from GMGN, 4Stock’s market cap briefly topped $60 million, hitting a new all-time high, and is now trading at $52.31 million. Its trading volume reached $47.2 million in the three hours after launch. 4Stock is a "stock meme" narrative launched by Four.meme: the project first introduces underlying 4Stock assets pegged to traditional stocks, then allows the community to issue meme tokens using these assets as a liquidity pool. BNC4 is the first 4Stock token, with a 1:1 peg to its corresponding stock asset.

7 minutes ago

A Hyperliquid trader has accumulated $25.1 million in total profits, with $13.27 million earned in the past 30 days.

According to monitoring by OnchainLens, a Hyperliquid trader has generated a cumulative profit of $25.1 million, with $13.27 million of that earned over the past 30 days. The trader currently holds approximately 177,600 HYPE long positions valued at around $14.97 million, with an entry price of $56.03 and current price of $84.30, resulting in an unrealized profit of roughly $5.02 million.

7 minutes ago

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