FlashPANews
Jupiter Lend: Withdrawal Services Have Returned to Normal
Solana ecosystem lending protocol Jupiter Lend announced that the liquidity crunch on Jupiter Lend has now concluded. With liquidity replenished, USDC withdrawal functionality has been fully restored, and the previously spiked capital utilization rate has since declined. Earlier, due to overall market conditions, the protocol experienced tight liquidity that impacted partial withdrawal operations.
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View allThe address that previously shorted ETH with 25x leverage has closed its position, securing a $692,000 profit over five days
Per on-chain analyst Ai Yi's monitoring, the address that publicly opened a 25x leveraged ETH short position on October 27 has fully closed its position, realizing a $692,000 profit over five days. Address 0xaea…c2416 previously held a position of 9,700 ETH (valued at approximately $22.46 million) with an entry price of $2,311.92. The address liquidated its entire position during ETH's rebound following a pullback yesterday, at an average closing price of $2,239.5, with unrealized profit peaking at $1.337 million at one point during the period. The total cumulative profit of the account has now increased to $7.57 million.
Vitalik Publishes Article Advocating for "Digital Minimalism", Sharing Experiments on Social Media, Mobile Phone and Web Usage
Ethereum co-founder Vitalik Buterin published a blog post titled *Digital minimalism*, proposing that beyond physical minimalism, modern people have a greater need for "digital minimalism". Digital minimalism refers to the intentional selection of how to use digital technologies, rather than having one's attention drained by default algorithms and interfaces. Vitalik shared three personal experiments. The first falls under the social media category: he no longer uses the official X interface directly, and instead adopts multi-client aggregation tools such as Firefly. The core benefit is avoiding "algorithmic recommendations", reducing repeated pushes of toxic content (such as extremist rhetoric and financial nihilism), leading to a markedly improved state of mind. The second relates to mobile data: he has kept Airplane Mode enabled by default (using only Wi-Fi) for 100 consecutive days, enhancing location privacy and psychological space.
China factory activity contracts in October as economic recovery falters
China factory activity contracts in October as economic recovery falters
Supreme People's Procuratorate discloses 1.2 million USDT fraud case: Virtual currency transactions do not fall under the regulatory scope of the crime of contract fraud
A virtual currency-related fraud case involving 1.2 million USDT was recently concluded in Xuzhou, Jiangsu, with procuratorial authorities issuing clear legal definitions for the characterization of the case. <p>In this case, individuals including Wang set up a scam under the pretext of purchasing USDT, defrauding the victim Xiao of virtual currency worth 1.2 million yuan. Initially, public security organs transferred the case for review and prosecution on suspicion of the crime of snatching. After review, the procuratorial authorities determined that the actors' act of using a fake transaction as bait to essentially defraud others of their virtual currency satisfies the constituent elements of the crime of fraud, and accordingly initiated a public prosecution to the court on the charge of fraud.</p><p>During the trial, the defense counsel submitted a defense opinion that the case should be characterized as the crime of contract fraud, as there are clear differences in the sentencing ranges of the two types of offenses. The public prosecutor explicitly pointed out that the legislative purpose of establishing the crime of contract fraud in the Criminal Law is to maintain the normal socialist market economic order, which requires the content of the involved contract to possess legitimate market economic attributes.</p><p>Since virtual currency-related transactions are illegal financial activities explicitly prohibited by the state and are not protected by law, fraud acts related to such transactions do not fall under the regulatory scope of the crime of contract fraud, and criminal responsibility shall be pursued in accordance with the law on the charge of fraud. This ruling provides a clear reference standard for the subsequent legal application of domestic virtual currency-related fraud cases.</p>
