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With the transfer of 127,271 BTC, the United States has become the world's largest sovereign holder of bitcoin.
Which new-generation projects are attempting to break away from the old path of "speculative games"?
On October 14, the U.S. Department of Justice announced criminal charges against Chen Zhi, founder of Cambodia's Prince Group, and successfully seized 127,271 BTC under his control, with a market value of approximately $15 billion. This event marks not only the largest judicial seizure of virtual assets in history, but also a public demonstration of state power directly exercising control over on-chain assets.
What drives the market is not only cold economic data, but also greed, fear, and the unpredictable nature of human behavior.
Overview of key market events on October 15th.
The U.S. Department of Justice has seized 127,271 BTC controlled by Chen Zhi, the founder of Cambodia's Prince Group, with a market value of approximately $15 billion, making it the largest judicial seizure of Bitcoin in the world. The case involves fraud, money laundering, and hacking, demonstrating the state's judicial control over on-chain assets. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
- 03:24The address that was shorting ETH with 25x leverage reduced its position by 3,615.9 ETH one hour ago, incurring a loss of $69,000.According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the address "25x leveraged short ETH" reduced its position by 3,615.9 ETH one hour ago, incurring a loss of $69,000. Currently, the address's ETH short position has dropped to $87.06 million (22,271.47 ETH), with an unrealized profit of $390,000. The entry price is $3,926.95, and the liquidation price is $3,964.83, only $55 away from the mark price.
- 03:22Web3 gaming project SavannaSurvival reaches a new funding round valuation of $50 millionChainCatcher news, according to official sources, SavannaSurvival, the first interactive Web3 survival adventure game developed based on Kaia chain and launched on the LINE DApp Portal, has recently completed a new round of financing. The project valuation in this round reached 50 million US dollars, with Voxto (VXT) as the lead investor. SavannaSurvival, with its unique "survival + creation" gameplay, brings players an immersive decentralized gaming experience and has rapidly risen within the Web3 Mini DApp ecosystem, attracting significant attention from institutions and players alike. It is reported that the previous round of financing for SavannaSurvival was jointly participated in by several well-known institutions such as ICC Venture, Waterdrip Capital, and CGV. The funds were mainly used for product iteration, ecosystem expansion, and global market promotion. With the completion of the new round of financing, Savanna will further accelerate its global expansion and continue to improve its Web3 gaming ecosystem.
- 03:22Bitcoin mining company TeraWulf announces issuance of $3.2 billion senior secured notes to expand data center operationsChainCatcher news, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary WULF Compute LLC has completed the pricing of a $3.2 billion 7.75% senior secured note issuance at par value. The notes will be offered to qualified institutional investors through a private placement. Subject to market and other conditions, the issuance is expected to close on October 23, 2025. The notes will be fully and unconditionally guaranteed by WULF Compute’s subsidiaries La Lupa Data LLC, Akela Data Holdings LLC, and Akela Data LLC. WULF Compute plans to use the net proceeds from this issuance to fund part of the data center expansion project at its Lake Mariner campus in Barker, New York.