1. BTC Shocking Theft Case Exposed: 120,000 Bitcoins Worth $14.5 Billion On-chain Messages Reveal the Truth

In April 2020, a private Bitcoin mining pool called LuBian suddenly emerged, briefly becoming the sixth largest Bitcoin pool. However, by the end of 2020, the LuBian pool quietly disappeared, and the reasons remain unclear to this day. On August 3, 2025, Arkham published an article revealing that the LuBian pool was hacked in 2020, resulting in the theft of over 120,000 BTC (currently valued at $14.5 billion). This also explains the mystery of why this BTC mining pool suddenly appeared and then vanished four years ago. Click to read.

2. Pantera Partner: A Decade of Refinement, Ethereum Becomes the Foundation Layer of On-Chain Capital Markets

Before Ethereum, Vitalik Buterin was an early Bitcoin enthusiast who worked at Bitcoin Magazine. There, he noticed the demand for script functionality in Bitcoin application development. He embraced this vision and built Ethereum with a universal scripting language, sharing his blueprint for running computations on a decentralized, permissionless network. At the time, this idea was ambitious and sparked some skepticism, as this young man had no experience in large tech companies yet aspired to create something entirely new. Click to read.

3. Grayscale: The Underlying Logic of Ethereum Leading the Crypto Market in July

On July 18, 2025, President Trump signed the GENIUS Act into law, which provides a comprehensive regulatory framework for stablecoins in the United States. To some extent, the enactment of this legislation can be seen as the "end of the initial phase" for the cryptocurrency asset class: public chain technology is transitioning from the experimental stage to the core of a regulated financial system. The debate over whether blockchain can bring benefits to mainstream users has concluded, and regulators have shifted their focus to ensuring industry development while establishing appropriate consumer protection and financial stability mechanisms. Click to read.

4. "Stablecoin + RWA" Fund: Innovation or Scheme?

Recently, the concepts of "stablecoins" and "RWA" (Real World Asset tokenization) have become quite popular. When they collide, a batch of carefully disguised "funding schemes" is quietly emerging. These "funding schemes" often operate under the banners of "blockchain empowering the real economy" and "stable high returns," attracting investors, including novices, who are eager for wealth appreciation. However, can these projects really make one rich? This article will analyze the operational models, background of emergence, core risks of such "funding schemes" in depth, based on the views of lawyer Liu Lei during a recent interview with "Jiemian News," and provide practical guidelines for investors to avoid pitfalls. Click to read.

5. Augusta of the Crypto World: Why RWA Tokens Choose the "Elite Mode"?

In the 20th century, the Augusta National Golf Club was criticized for its obvious elitism. As the host of the Masters Tournament, the club has only 300 members, and the membership process is extremely strict, even not allowing potential members to apply directly. Membership must be obtained through invitation. Another way is to have someone nominate you and then patiently wait. Click to read