📰 BlockBeats Latest News Summary

1. A whale associated with BIT is long on 120,000 ETH, currently facing a paper loss of over $84 million.

2. ZEC bounced back, briefly breaking the $400 mark, up over 48% from yesterday's low.

3. After Futu's Tiger Brokers, the unnamed Huasheng Securities will also wind down its operations in mainland China.

4. In the second trial of a virtual currency theft case in Wuhan, China, the stolen amount was evaluated based on the victim's actual payment cost, with the main perpetrator sentenced to ten years and six months.

5. The bottom-fishing whale '7 Siblings' has once again splashed out $18.03 million to acquire 11,759 ETH.

6. F2Pool co-founder Wang Chun's associated wallet withdrew 17,560 ETH from Binance in the past 16 hours.

7. Ethereum's market cap has been surpassed by USDT, dropping to the 3rd position in the crypto market cap rankings.

8. The crypto market is experiencing a widespread crash; funding rates indicate that the market remains bearish, with ETH showing a more intense bearish sentiment compared to BTC.

9. Joseph Lubin, co-founder of Ethereum, had an associated wallet that transferred out 80,001 ETH after being inactive for over 3 years.

10. A whale faced liquidation of 10,117 ETH, bringing the cumulative liquidation since last night to 31,915 ETH.

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