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Genesis creditor $243 million theft suspect arrested, $18.58 million in crypto assets seized

On-chain detective ZachXBT posted: “UK threat actor Danny / Meech, also known as Danish Zulfiqar (Khan), appears to have been arrested by law enforcement, and his crypto assets have also been seized.
Currently, $18.58 million is being held at the following address:
0xb37d617716e46511E56FE07b885fBdD70119f768
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SAPIEN (Sapien) up 5.64% in 24 hours

According to Gate News Bot, on December 5th, as per CoinMarketCap data, at the time of writing, SAPIEN (Sapien) is trading at $0.18, up 5.64% in 24 hours, reaching a high of $0.20 and a low of $0.11. The current market capitalization is approximately $45.9 million, an increase of $2.45 million compared to yesterday.
Sapien is a decentralized data foundry that transforms collective human knowledge into enterprise-grade AI training data. The platform has 93,000 global contributors across more than 5 countries and has completed 475 tasks. Sapien focuses on providing solutions for professional AI, including 3D/4D data annotation and expert-led data collection to meet the needs of cutting-edge AI systems. Its marketplace offers high-quality, domain-specific data
SAPIEN13.51%
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CryptoOnchain: BitMine currently holds approximately 3% of the total Ethereum supply. Any additional buying pressure could trigger a sharp surge in the price of ETH.

Ethereum supply squeeze may be coming, with institutions like BitMine accumulating around 3.7 million ETH, record outflows from exchanges, and declining liquidity. Changes in market supply and demand could lead to a sharp price increase.
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ETH-1.17%
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The World Academy of Engineering and Technology for Developing Countries in Kuala Lumpur and the AB Charity Foundation Sign a Memorandum of Understanding

AETDEW, AB Charity Foundation, and AB DAO signed a memorandum of understanding in Kuala Lumpur on November 22, aiming to jointly promote the development of engineering technology, smart grids, and renewable energy systems to address the energy challenges faced by developing countries.
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TAIKO (Taiko) up 19.92% in 24 hours

Gate News Bot message, December 5th: According to CoinMarketCap data, as of press time, TAIKO (Taiko) is trading at $0.24, up 19.92% in 24 hours, with a high of $0.24 and a low of $0.18. The current market cap is approximately $46.1 million, an increase of $7.66 million compared to yesterday. TAIKO ranks 469th in cryptocurrency market capitalization.
Recent important news about TAIKO:
1️⃣ **Activation of pre-confirmation feature to improve transaction speed**
Taiko recently activated the pre-confirmation feature to accelerate transaction speeds on its Layer 2 network. This technical upgrade is expected to significantly enhance user experience, improve the network's utility and competitiveness, and attract more developers and users.
2️⃣ **Completed $15 million financing**
TAIKO19.94%
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Stablecoin protocol USPD suffers "CPIMP" attack, with losses of approximately $1 million

PANews, December 5—According to PeckShieldAlert, the stablecoin project USPD has suffered a major security breach, resulting in a loss of approximately $1 million. USPD's official team confirmed that the protocol was exploited, with the attacker minting tokens without authorization and draining liquidity. The team has urgently warned users to immediately revoke all token approvals for the USPD contract.
The USPD protocol has confirmed it was hit by a "CPIMP" attack. During the deployment phase, the attacker front-ran the initialization of the proxy via Multicall3, seized admin privileges, and disguised themselves as an audited implementation contract. The team stated that the issue was not a contract logic bug; the attacker concealed their access for several months before upgrading the proxy, minting about 98M USPD, and transferring around 232
STETH-1.13%
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Matrixport: Ethereum May Reenact May Market Trends, Light Positions May Drive Rapid Price Increase

Matrixport's latest report shows that the current crypto market is in a "position vacuum" state, with ETH and BTC positions falling to low levels. Analysts point out that the light position pattern may drive prices upward, and ETH futures open interest has increased significantly, but the market response remains conservative. The future performance of Ethereum needs to be observed.
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ETH-1.17%
BTC-0.88%
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Major cryptocurrencies collectively pull back, Bitcoin returns to the key $91,000 support level

Bitcoin continued to trade sideways near $92,000 on Friday, failing once again overnight to break through $93,000, which further solidified the recent consolidation range. The current market structure is still dominated by bears suppressing prices in the mid-$93,000 range and bulls providing support around $91,000, but neither side has enough momentum to establish a clear trend.
Looking at the past month, Bitcoin remains in a downward structure since the early November high, and the recent rebound has even formed a lower high, suggesting that the corrective trend remains unbroken. The weak momentum and rapid pullback after rebounds indicate that liquidity above $93,200 is still thin. If $91,000 is breached, key support lies in the $90,000–$90,500 range; to the upside, a breakout above $93,200 is needed to reverse the short-term downtrend.
BTC-0.88%
ETH-1.17%
SOL-3.42%
XRP-4.17%
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ZachXBT: Danny/Meech was reportedly arrested by law enforcement in Dubai, and their address is suspected to have been frozen.

On-chain detective ZachXBT stated that UK attacker Danny was reportedly arrested in Dubai, and his address 0xb37d… holding over $18.58 million in assets has been frozen. He is suspected of involvement in multiple theft and fraud incidents, with the total amount involved exceeding $300 million.
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Over $4 Billion in Crypto Options Expire Today: BTC, ETH, XRP, and SOL Rebound from Lows but Short-Term Volatility Intensifies

The cryptocurrency market is experiencing a major event today—over $4 billion in options are set to expire, involving major assets such as Bitcoin, Ethereum, Ripple (XRP), and Solana (SOL). Traders generally expect another round of significant short-term volatility in the market, and before next week’s Federal Reserve FOMC interest rate decision, the total crypto market cap may fall below $3 trillion again.
In the past 24 hours, there have been $270 million in liquidations in the crypto market. Coupled with rising US Treasury yields, Japanese bonds, and gold prices, Bitcoin and major assets have come under downward pressure. Although BTC, ETH, XRP, and SOL saw a brief rebound during today’s session, the overall technical structure remains weak.
BTC-0.88%
ETH-1.17%
XRP-4.17%
SOL-3.42%
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Last edited on 2025-12-05 06:03:14
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The attacker involved in a case worth hundreds of millions of dollars is suspected to have been arrested by law enforcement, and assets worth $18.58 million have been seized.

Danny / Meech (Danish Zulfiqar) is suspected to have been arrested by law enforcement, and his crypto assets valued at $18.58 million have been seized. He was involved in several major thefts and information leak incidents, resulting in losses exceeding $300 million. The related funds have been consolidated into a specific address.
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Bitcoin hovers around $92,000, "limited downside remaining"—Bitwise CIO believes the six-month correction period is nearing its end

After several consecutive months of decline, the pessimistic sentiment in the Bitcoin market may be approaching a turning point. Bitwise Chief Investment Officer Matt Hougan stated in a recent discussion with investors that Bitcoin is currently at the bottom range of a six-month adjustment period, with "limited downside left," and that the current selling pressure may be nearing its end.
As of Thursday, the price of Bitcoin hovered around $92,000, down more than 25% from the highs above $120,000 reached in October. Despite the deep pullback, Bitwise still maintains its prediction that Bitcoin will break above $200,000 by the end of the year, though it acknowledges that its previous market expectations were "right in direction, but wrong in timing."
BTC-0.88%
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Viewpoint: Bitcoin is unlikely to regain the momentum it had when it hit new highs in January.

Odaily Planet Daily reports that 21Shares co-founder Ophelia Snyder stated that the current market downturn is almost unrelated to "any cryptocurrency-specific factors," but it is unlikely that Bitcoin will rise again at the beginning of next year. Snyder said that the current drivers of low volatility are unlikely to dissipate completely in the short term, and whether the market at the beginning of next year can repeat the performance seen this year will heavily depend on broader market sentiment. She explained that January usually sees "new inflows" into Bitcoin ETFs as investors rebalance and adjust their portfolios at the start of the year. After climbing to the current high of $125,100 on October 5, Bitcoin entered a downtrend, following a $19 billion crypto market liquidation event on October 10. According to CoinMarketCap data,
BTC-0.88%
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Rerdogduvip:
Watching Closely 🔍

SOL (Solana) down 3.83% in 24 hours

According to Gate News Bot, on December 5th, CoinMarketCap data shows that as of press time, SOL (Solana) is currently priced at $138.12, down 3.83% in the past 24 hours, with a high of $146.72 and a low of $123.31. The 24-hour trading volume reached $4.069 billion. The current market capitalization is approximately $77.331 billion, a decrease of $3.078 billion from yesterday.
Solana is a high-performance blockchain platform that provides developers with a fast, secure, and scalable infrastructure. It supports a wide range of user experiences, making it accessible to both professional users and new consumers. Solana boasts fast transaction processing speeds and a per-transaction fee of less than $0.0025, with thousands of independent nodes validating transactions to ensure data security and censorship resistance. The network adopts a proof-of-stake mechanism, resulting in minimal environmental impact per transaction.
SOL-3.42%
DRIFT2.87%
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Analyst: The market is waiting for key US economic data ahead of next week's Federal Reserve FOMC meeting, with a focus on the delayed release of the September PCE report.

金色财经报道,Cryptoquant分析师Axel Adler Jr发布市场分析表示,黄金价格维持在每盎司 4218 美元左右,市场正等待下周美联储联邦公开市场委员会(FOMC)会议前的关键美国经济数据。焦点集中在延迟发布的 9 月个人消费支出(PCE)报告 —— 这是美联储青睐的通胀指标。该报告定于今日发布,可能会为未来货币宽松政策的时点与节奏提供线索。
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