Crypto Guides, Knowledge & Insights

UniSat: Ordiscan Indexer Error; UniSat Fully Compliant with Latest BRC-20 Standard

UniSat posted on the X platform, stating that they checked addresses on four different indexers. The data from UniSat, OKX, and Ordinalscan indexers were consistent. However, the data from Ordiscan indexer did not match the former, and some errors were identified, such as an inability to accurately handle decimals.　　UniSat mentioned that its indexer is fully compatible with the latest BRC-20 standard. Since March, UniSats indexer has demonstrated robustness and reliability through multiple comparisons. Although the whitelist module is not yet activated, making forks practically impossible, UniSat committed to providing the source code and documentation promptly to assist known indexers in implementing the modular proposal.　　UniSat pledged to ensure that its indexer is compatible with the standard, operates at high speed, and is developer-friendly as long as it supports the BRC-20 standard.　　

2023-11-28Deep Dive

Hong Kong VAEXC Limited Submits Application for Virtual Asset Trading Platform License to SFC

The Securities and Futures Commission of Hong Kong has updated the list of applicants for virtual asset trading platforms. According to the latest information, Hong Kong VAEXC Limited submitted its application for a virtual asset trading platform license on November 25.　　As of now, a total of eight companies have formally submitted applications for virtual asset trading platform licenses to the Securities and Futures Commission of Hong Kong. Additionally, the application from AMMBR (HK) LIMITED has been withdrawn.　　

2023-11-28Deep Dive

Scam Service Provider "Inferno Drainer" Announces Closure

Scam service provider “Inferno Drainer” and its team announced on November 26th in their Telegram group that they would permanently shut down.　　Inferno Drainer offered users phishing tools and extracted a 20% commission from funds stolen from users. According to the analysis by the Web3 anti-scam platform Scam Sniffer, Inferno Drainer has embezzled nearly $70 million from victims exceeding 100,000 since February. However, the Inferno Drainer team claims the amount stolen exceeds $80 million.　　Blockchain security company CertiK stated that Inferno Drainer was one of the most destructive phishing toolkits in the community. Despite its closure, numerous other service providers remain active, including competitors like Pink Drainer and Angel Drainer. The latter released an update on November 25th to assist users in siphoning funds from victims wallets on more blockchains.　　

2023-11-27Deep Dive

Atomicals Market: Will Soon Release Investigation Report and Compensation Plan

Atomicals Market on X Platform has announced that the team is currently investigating the recent user losses involving $ATOM. They plan to release a detailed incident report and compensation plan shortly.　　Earlier reports on November 24th revealed that Erik (@BRC20Coins), the founder of Atomicals Market, would no longer hold a managerial position. In response to losses incurred in the two “0-dollar purchase” incidents, all 33,000 $ATOM would be fully compensated by the new team within a week of the transition.　　Yesterday, Atomicals Market posted on X Platform, advising all users who had placed orders on Atomicals Market to ensure the safety of their assets by promptly transferring them to new addresses.　　

2023-11-27Deep Dive

Blast: Top 10 ETH Holders Deposit Over $119 Million ETH, Accounting for 26% of Total Deposits

According to Spot On Chain monitoring, a total of 219,373 ETH (including stETH) has been deposited into the Blast network as of now, equivalent to approximately $455 million. These ETH deposits will be locked until February 24, 2024.　　The top 10 ETH holders have collectively deposited 57,202 ETH (about $119 million), representing 26% of the total ETH deposits on the Blast network.　　Notably, machibigbrother.eth has accumulated deposits of 3,000 ETH (approximately $6.25 million), along with $120,000 in USDC and USDT in the Blast network.　　“Boby1337” has accumulated deposits of 2,243 ETH (about $4.63 million) and $3.501 million in USDC in Blast.　　

2023-11-27Deep Dive

Hong Kong Police: HOUNAX Crypto Investment Scam Involves HKD 110 Million, 131 Reports Filed

Hong Kong Police recently discovered scammers posing as investment experts, enticing citizens to invest through a virtual asset trading platform with promises of high returns. The company involved in the scam is identified as HOUNAX. The police have received 131 reports so far, with a total amount involved exceeding HKD 110 million. Each case ranges from HKD 12,000 to HKD 4 million in losses.　　Detective Superintendent Chan Wai-ki of the Commercial Crime Bureau stated that HOUNAX has been in operation since the beginning of the year. The HOUNAX website is in traditional Chinese, and the login page is pre-set with the +852 area code, indicating that the target victims are likely from Hong Kong. The website is still operational, and the platforms mobile application can still be downloaded by the public.　　Most victims reported their cases this month, and the Securities and Futures Commission (SFC) added HOUNAX to the list of unlicensed companies and suspicious websites on November 1. It categorizes HOUNAX as a suspicious virtual asset trading platform and notes that it falsely claims to be in cooperation with a financial institution. (Source: RTHK Website)　　Prior to this development, the official website of the Securities and Futures Commission in Hong Kong indicated

2023-11-27Deep Dive

ChainArgos: Tether Blacklists 8 Tron Wallets Once Again

ChainArgos Report: Tether Blacklists 8 Tron Wallet Addresses Again　　According to ChainArgos monitoring, Tether has once again blacklisted 8 wallet addresses on the Tron blockchain. These wallets appear to be involved in fund transfers primarily between various Asian exchanges and Kraken. There is a possibility (though not confirmed) of interactions with currency service providers, such as Al Mutahadun and Dubai For Exchange, both of which are subject to Israeli sanctions.　　The total amount of USDT received by these wallets is approximately $70 million. Apart from USDT, there seems to be no involvement in the transfer of other tokens. The specific wallet addresses are as follows:　　TAzDmeBWuKiX1HztaxCMfTiwNRZdwNtYhb　　TAnEHuXTnJSm1dJDckTxN9B3PoszcwfrGz　　TY7qUGNPvqy91RoXgQujFPHJ8ocWVCHuaz　　TLzLmTkpzG5zxr8MMDxutZ4aimEwUXwksb　　TBYzzKUK4NU9u7NDN1r9b7546JGtPXzUSX　　TRoAQif6KQAj9ewtAahTqzpUkjpaukFXCr　　TPpv5jxsTso76q5n1jg1qrCNmccbRUVGKP　　TQsx6EpJ2B39thMzsEzpJ2Txq9Rq2wBJNc　　

2023-11-27Deep Dive

Outlook: Potential Bitcoin Surge Beyond $40,000 as USDT Whales Increase Buying Power

Santiment data shows that the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have accumulated $1.67 billion in USDT over the past six months, representing a purchasing power growth of 9.7%. If the purchasing power of these large USDT holders continues to increase, there is a possibility that the price of Bitcoin could soon surpass $40,000.　　

2023-11-27Deep Dive

CryptoQuant: Binance's BTC Reserves Drop by 5,000, Coinbase Sees a Surge of 12,000 BTC.

According to on-chain data tracked by CryptoQuant, Bitcoin is flowing from Binance to Coinbase. In the last 24 hours, Coinbases reserves have increased by around 12,000 BTC, while Binances reserves have decreased by 5,000 BTC.　　Web 3 analyst Bradley Park from CryptoQuant reported to CoinDesk that the decrease in Bitcoin reserves on Binance seems to be a result of outflows from retail funds.　　Greta Yuan, Head of Research at digital asset platform VDX, stated that the market is still nervous about the recent legal implications for Binance. In the short term, it is expected that more users will move funds to compliant or licensed exchanges.　　Crypto service provider Matrixport mentioned, “With this plea agreement, expectations for a spot Bitcoin ETF might increase to 100%, as the entire industry will be forced to comply with the rules that traditional financial companies must adhere to.”　　

2023-11-24Deep Dive

GBTC Negative Premium Rate Narrows to 9.78%

Coinglass data indicates that the GBTC (Grayscale Bitcoin Trust) premium has narrowed to 9.78%, marking the first time it has fallen below 10% since July 2021.　　GBTC, or Grayscale Bitcoin Trust, is an investment tool offered by Grayscale. The trust fund allows investors to indirectly invest in Bitcoin by purchasing its shares. Grayscale holds Bitcoin and enables investors to indirectly hold the value of Bitcoin by issuing GBTC shares.　　This structure allows investors who do not wish to directly buy and hold Bitcoin to participate in Bitcoin investment. As GBTC currently does not support redemptions, the premium rate of GBTC can reflect market sentiment towards BTC.　　

2023-11-24Deep Dive

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