Foresight_News

Foresight News: Message. The China Payment and Clearing Association has issued a warning to help prevent cross-border gambling fraud involving virtual currency top-ups. The aim is to help the general public enhance their awareness of anti-fraud and anti-gambling and improve their ability to recognize and avoid scams. The China Payment and Clearing Association reminds that “ten bets, ten losses” in cross-border gambling is more hidden and risky when gambling is conducted using virtual currencies. Participating in gambling and providing fund settlement for gambling activities are illegal and non-compliant. Do not take part in virtual currency gambling transactions, and keep a firm bottom line for safeguarding your funds.

Foresight News reported that, according to Lookonchain monitoring, after lying dormant for 5 months, the Step Finance hacker sold all 261,933 SOL (about $21.4 million), bridged the funds to Ethereum, and bought 12,128 ETH. The hacker then deposited these ETH into Tornado Cash for laundering.

Foresight News message, according to GMGN market data, on the BSC network the Meme coin CZ (The Final Form Bull) market cap briefly surpassed $50 million, setting a new all-time high, with a 50% surge over the past hour.

Foresight News. According to a report by Bitcoin.com, on Friday, Brazil’s Federal Police launched an operation codenamed “Exchange,” targeting a criminal organization said to be linked to Brazil’s designated global terrorist entity (SDGT) known as the “First Capital Command” (PCC). The organization uses cryptocurrencies and cash to launder money, transferring illegal funds from Florida to Brazil. The operation involved 50 police officers who carried out 13 search and seizure warrants and 11 temporary arrest warrants at multiple locations in the state of São Paulo. Authorities estimate that, through this money-laundering scheme, criminals would mix peer-to-peer transactions, large bank transactions, and cash transactions to launder nearly $2 billion. However, as the investigation is still ongoing, it has not yet been determined whether exchanges were involved.

Foresight News: In a post, Michael Saylor said that strong consensus is Bitcoin’s immune system. Fees are priced for block space; nodes set the policies; miners construct the blocks; and holders allocate capital. Protocol changes must achieve overwhelming consensus, so bad ideas fail before they become disruptive bad protocol changes.

According to Foresight News, citing a report by Vietnam’s (Youth Newspaper), Vietnam’s Ministry of Public Security recently held a press conference to brief the public on its investigation into the ONUS cryptocurrency case. The representative of the Investigative Security Department of the Ministry of Public Security (A09) said that in investigating a case in which the ONUS cryptocurrency exchange was suspected of embezzling property, the police have seized more than 350 kilograms of gold and silver, frozen transactions involving eight properties worth 200 billion VND, and suspended more than 300 bank accounts used by the defendants to conduct transactions with investors. On March 23 this year, the police filed criminal lawsuits against eight defendants, accusing them of using computer networks and telecommunications networks to carry out crimes such as embezzlement and money laundering.

According to Foresight News, the South African Revenue Service (SARS) recently issued (a draft guideline on taxation of crypto assets) seeking public comments on how South African tax residents should report and handle gains related to crypto assets. The feedback deadline is August 31.
This guideline focuses on the provisions in tax law most closely related to cryptocurrency assets, and does not cover all applicable chapters. Some provisions do not explicitly mention cryptocurrency assets, but they also apply to related transaction activities. The guideline states that South Africa’s income tax system is residence-based; unless specific exceptions apply, South African tax residents are taxed on their worldwide income, including income and capital gains from cryptocurrency assets listed on foreign exchanges. Non-residents may also have tax obligations if their income source is South Africa or if the assets they dispose of fall under the relevant provisions.

Foresight News message: Sui announced that the peak TPS (transactions per second) of its public mainnet has exceeded 6 million.

Foresight News reports, citing an EToday report: in the first half of this year, South Korea’s five largest crypto exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) saw only 49 net newly listed coins (new listings minus delistings), down about 74% from 191 in the same period last year. Of the newly listed coins, there were 117 in total, down 44% from 210 in the same period last year; the number of delisted coins surged from 19 to 68, an increase of 258%.
Performance varied across exchanges. In the first half of the year, Upbit listed 45 new coin types, higher than 34 in the same period last year; the number of delistings also rose from 6 to 12, reflecting a strategy of “expanding listings while clearing existing inventory in parallel.” Bithumb saw new listings fall from 79 to 40, while delistings increased from 8 to 21. Coinone and Korbit both recorded net decreases: Coinone’s new listings dropped from 64 to 11, while delistings rose from 4 to 21; Korbit’s new listings fell from 24 to 6, while delistings increased from 1 to 14. Gopax, in contrast, bucked the trend: new listings rose from 9 to 15 and there were no delistings.

Foresight News message: Binance Wallet announced that it has added a "Tennis" category to its prediction market, and trading is now open for the Wimbledon Tennis Championships.

According to Foresight News, DeFi researcher Ignas commented on the “Simplified Version of the Ethereum” roadmap previously released by Vitalik Buterin, saying, “If the Ethereum Foundation can deliver on time, then ETH would be bullish. This roadmap is very compelling, as it addresses many of the key demands raised by the community in response to earlier discussions. These include reclaiming execution authority from L2 back to L1, privacy protection, quantum resistance, and second-level finality. However, the tokenomics issue has not yet been addressed.”
It also points out that the most anticipated parts of the roadmap will be implemented after 2028, with the final goal set for 2029. If the Ethereum Foundation (EF) delivers the progress later than scheduled, and a bear market continues, it could be bearish for the price of ETH. This is because competing projects such as Tempo and Canton are forming competition for Ethereum in real-world asset (RWA) and institutional adoption areas.

Foresight News message, according to Bitget market data, the NFT project Moonbirds token BIRB briefly broke through 0.09 USDT and is currently trading at 0.087 USDT, up 21.3% over the past 24 hours.

Foresight News: According to Onchain Lens monitoring, Gate has burned 2.57 million GT tokens, worth approximately $17.43 million. This is Gate’s third GT burn this year. Cumulatively, 7.29 million GT tokens have been burned this year, worth approximately $58.56 million. The previous two burns were: 2.56 million GT tokens burned 70 days ago (worth $18.83 million) and 2.16 million GT tokens burned 178 days ago (worth $22.30 million).

Foresight News message. Financial trader and Factor LLC CEO Peter L. Brandt wrote that he is considering selling part of his bitcoin and using the proceeds to buy gold. He believes the gold price will rise significantly and be higher than the bitcoin price.

Foresight News reports that, according to on-chain analytics platform Glassnode, the Entry Price Heatmap reflects the specific price levels at which traders open their positions. Currently, the chart shows that large long positions opened between $72,000 and $76,000, as well as short positions opened at around $60,000, are both already underwater. The unrealized losses of these two types of positions have made the market highly vulnerable regardless of which direction it moves.

Foresight News reports that the Fabric Foundation has published a statement saying that the ROBO governance framework has officially launched. The team has set up a dedicated governance space on the Snapshot platform and established a Foundation Security Committee to oversee and manage the initiative, kicking off community co-built governance.
ROBO holders can cast votes for free on Snapshot. Voting power is determined by the amount of tokens held. All proposals, votes, and decisions are publicly recorded. Proposals must go through processes such as an initial evaluation, community discussion, a five-day Snapshot voting period, board review, and the final publication of the decision. The board is also responsible for mitigating risks such as bribery and Sybil (woman/fake account) attacks. The founding members of the Foundation Security Committee include Jerry Huang, Founder of Silicon Valley Center of Robotics; Shivani Phull, Board Director of HashPoint Advisory; and Clara Cheng, Business Lead at Thrive Horizon Ltd. The first proposal is an initial evaluation of Phase 1 of the ROBO governance framework. The community can view it in the official Snapshot space and participate in the voting.

Foresight News message, according to Onchain Lens monitoring: a certain wstETH whale withdrew 4,942 ETH (worth approximately $8.83 million) from Binance and immediately staked it via Lido, receiving 3,990 wstETH. Within the past 24 hours, the whale also withdrew 211.5 WBTC (worth approximately $13.25 million) from Binance; currently, the total value of assets withdrawn has reached $22.08 million.

Foresight News reports that, according to Onchain Lens monitoring, the whale addresses starting with 0x211 encountered four partial liquidations within the past 24 hours due to short BTC positions. A total of 97.99 BTC (worth $6.18 million) was liquidated, with cumulative realized losses of $298,750. Despite the liquidations, the trader still holds a 40x short position with 67.98 BTC (worth $4.26 million), currently with an unrealized loss of $179,220.

According to a report from Foresight News, security firm Coinspect Security stated that by analyzing crypto wallet seeds generated using insecure code since 2018, it found that thousands of seeds had actually been used. Last month alone, it identified $3.14 million in funds suspected to have been stolen within related wallets, and the $2 million from a certain affected address has already been transferred.
Coinspect Security indicates that some funds have been funneled into a single address and exhibit money-laundering patterns. A certain affected address transferred out $2 million a few hours after the alert was issued. It is currently unclear whether this was a theft. In addition, Coinspect Security has specifically issued a warning to the Chinese community, saying that users who believe many assets are still at risk may be located in China.

Foresight News reports that, according to CoinDesk, a white-hat hacker at the security firm Hexens discovered that the Aptos blockchain previously had a vulnerability, which has since been fixed. If exploited maliciously, the vulnerability could pose systemic risk to up to $70 billion in digital assets, including stablecoins and cross-chain bridges.
In late February, Hexens researchers reported a serious vulnerability in the Move Virtual Machine (the execution environment for on-chain smart contracts) to the Aptos development team. They said it was an "expired cache" vulnerability that would lead to a type confusion issue—meaning the software could be tricked into mistaking one on-chain resource for another. The researchers simulated the attack in a real network environment and achieved a success rate of over 90%. They used a well-configured set of servers (costing only $3,000) to simulate about one-third of the validator network, and the attack required no internal access or special privileges. After the vulnerability was discovered, the Aptos team patched it immediately, with no funds lost.