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Joined December 2017
Chinese prosecutors are moving to confiscate assets tied to one of the country's largest alleged frauds - a case involving $5.7 billion and over 102,000 investors. At the center: 61,800+ Bitcoin seized in the UK. 🧵
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The timeline is messy: • 2014: Qian allegedly sold unlicensed wealth products promising guaranteed returns • 2017: fled to the UK, where authorities seized BTC, cash, and assets • 2026: Tianjin court accepted the confiscation application, opening a 6-month window for victims.
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But a UK High Court ruling went the other way - Chinese victims can't use English law to claim the 61,000 BTC, boosting the UK government's odds of keeping most of the £3.8B. Read: ambcrypto.com/china-made-a-m… Who should end up with the seized Bitcoin - UK, China, or the victims?
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#Solana is entering a crucial phase, with a major network upgrade arriving just as SOL attempts to recover from last week's correction. The Alpenglow upgrade reportedly cuts network finality times from 12.8 seconds to just 150 milliseconds, marking a significant improvement.
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Meanwhile, Solana ETFs recorded $585K in daily inflows, while larger spot orders suggest growing interest among big traders. But there's a catch. Despite SOL defending the $95–$100 demand zone, other market indicators are flashing signs of overheating.
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#BNB Chain completed its 37th quarterly burn, removing 1.646 million BNB from circulation on October 21. The remaining supply is now 131.51 million - over two-thirds of the way to the 100 million target. 🧵
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Exchange data backs the supply story. BNB has logged 11 straight days of negative Spot netflows, pulling tokens off exchanges and reducing what's available to sell. The 90-day Spot Taker CVD also shows buy dominance - aggressive buyers are still in control.
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Technically, BNB defended $708.48 after rejecting near $800, now at $739.55. Weekly RSI at 55.45 sits above its signal, and MFI at 74.39 shows strong inflows, though it's nearing overbought. Full breakdown here: ambcrypto.com/bnb-chain-comp… Does BNB reclaim $800? 👇
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#Bitcoin ETFs just pulled in $663M in a single day - the largest inflow in two months, and all of it went to BlackRock's IBIT. That reverses October's cumulative outflows. BTC is holding near $82,500. 🧵
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Separately, Switzerland just widened access. On October 20, FINMA approved a fund holding actual Bitcoin for public shareholders — previously limited to qualified or institutional investors. Ticker BBIT is expected to list on the SIX Swiss Exchange next month.
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Technically, BTC is testing $84,300 resistance after repeated defenses of $79,800. A break opens $87,400; a rejection sends it back toward $82,560 or $79,800. One strong week doesn't confirm a trend shift, though. Full breakdown here: ambcrypto.com/bitcoin-etfs-a…
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