BTC $62,994.46 -0.00%
ETH $1,878.96 -0.15%
BNB $607.64 -0.34%
XRP $0.9995 -0.14%
SOL $75.26 -0.19%
TRX $0.3315 +0.17%
DOGE $0.0699 -0.14%
ADA $0.1762 -1.58%
BCH $204.29 -0.13%
LINK $9.34 -1.36%
HYPE $57.23 +1.53%
AAVE $85.90 -0.70%
SUI $0.6778 -0.80%
XLM $0.1570 -0.62%
ZEC $485.64 -0.98%
BTC $62,994.46 -0.00%
ETH $1,878.96 -0.15%
BNB $607.64 -0.34%
XRP $0.9995 -0.14%
SOL $75.26 -0.19%
TRX $0.3315 +0.17%
DOGE $0.0699 -0.14%
ADA $0.1762 -1.58%
BCH $204.29 -0.13%
LINK $9.34 -1.36%
HYPE $57.23 +1.53%
AAVE $85.90 -0.70%
SUI $0.6778 -0.80%
XLM $0.1570 -0.62%
ZEC $485.64 -0.98%

thousands

All
Article
Flash

Vietnam's "Fun Coffee" is involved in a virtual currency scam explosion in Hong Kong, with thousands deceived and over 1 billion Hong Kong dollars involved

According to a report by Hong Kong 01, "Fun Coffee," which claims to be rooted in Vietnam, just entered Hong Kong at the end of 2025 and was warned by the Hong Kong Securities and Futures Commission in July 2026 for being a suspicious investment product. The company appears to be investing in the coffee business, but in reality, it is a virtual currency investment scam with annual interest rates as high as 222%, ultimately "collapsing" at the end of July.The victim group has over 370 people, with each person defrauded of hundreds of thousands of dollars. Multiple investment groups combined have a total of 4,000 people involved, with funds exceeding 1 billion Hong Kong dollars. A middle-aged woman in her 50s claims that she unknowingly became a shareholder and director of one of Fun Coffee's Hong Kong registered companies, and she has over a hundred "downlines." After being contacted by reporters, she has gone to the police to report the case. The police have received 115 reports, which have been handed over to the Commercial Crime Bureau's fraud investigation team for follow-up.The report states that Fun Coffee held a marathon event in Hong Kong at the end of last year, inviting artist Yuen Siu Cheung to host and distributing anti-fraud leaflets for promotion in various districts. The company's headquarters in Kowloon Bay and its storefront in Mong Kok are now empty, with notices of unpaid rent posted. The Securities and Futures Commission issued a warning on July 13, and the Vietnamese Ministry of Public Security also warned in May that it is suspected to be a Ponzi scheme.

Electric Soul has deployed over tens of thousands of shared charging devices globally, covering core markets in Europe, America, and Southeast Asia

Global technology company Electric Soul (EST) has disclosed the latest progress in its global deployment. As of June 2026, the company has deployed tens of thousands of standardized commercial shared charging devices in multiple countries across Europe, America, and Southeast Asia, covering high-traffic scenarios such as business districts, transportation hubs, and dining clusters, while maintaining stable operations.As the scale of devices reaches tens of thousands, Electric Soul is transitioning from regional market expansion to a phase of global-scale operations. The project enhances replication efficiency between different countries and cities through unified hardware standards, cloud-based SaaS operation and maintenance backend, localized payment adaptations, and city agency cooperation models, providing support for the continuous expansion of the global shared charging network.Electric Soul stated that leveraging the large-scale implementation experience in the European, American, and Southeast Asian markets, the next step will be to expand into incremental markets such as the Middle East, South Asia, and Latin America, continuously promoting the vision of "global reach, boundaryless charging," and further exploring new models of global energy infrastructure in RWA and DePIN scenarios.

ZachXBT exposes social media account collaborations promoting cryptocurrency scam projects, with the scale of involvement reaching hundreds of thousands of dollars

On-chain detective ZachXBT disclosed today that a collaborative network consisting of at least 10 accounts is generating traffic on social platform X by creating panic-inducing content related to wars and ultimately directing it to cryptocurrency scam projects.This network acquires accounts with an existing follower base, frequently posts sensational "apocalyptic" content, and amplifies dissemination by having multiple secondary accounts retweet each other, quickly gaining millions of views and significant interactions. Investigations show that these accounts also utilize AI to generate fake personas, such as fabricating an "Asian version of Mario Nawfal" to enhance credibility. After gaining traffic, the relevant accounts promote fake airdrop events or cryptocurrency project scams, including a concentrated promotion of a pump-and-dump project named ORAMAMA on February 22, 2026, which is then no longer mentioned.On-chain data indicates that this operation has brought six-figure profits to the team behind it. Meanwhile, many genuine large accounts inadvertently engage in interactions through comments and retweets, further amplifying the content dissemination effect. ZachXBT warns that this combination model of "traffic farms + AI content + cryptocurrency scams" has become highly mature and is easily replicable. If similar mechanisms are exploited by higher-level organizations, their potential impact will far exceed the realm of financial fraud and may even evolve into a tool for public opinion manipulation.ZachXBT calls for platforms to strengthen regulation, implementing bans and legal accountability for such manipulative behaviors. He also advises users to carefully verify account histories and information sources before engaging in interactions to combat the increasingly rampant phenomenon of false content and "interaction bait."

Polygon executives: Stablecoins will enter the "era of hundreds of thousands of issuers," and banks will be forced to restructure their capital models

Polygon's global head of payments and RWA, Aishwary Gupta, believes that global stablecoins are entering a "super cycle," with the number of stablecoin issuers potentially exceeding 100,000 in the next five years.Gupta pointed out that Japan is participating in government bond and policy stimulus pilots through stablecoins like JPYC, proving that stablecoins can become tools of national economic sovereignty rather than undermining central bank power. He stated that stablecoins, like fiat currencies, are influenced by monetary policy and will essentially enhance the global demand for a country's currency, similar to how stablecoins drive the usage of the dollar.Gupta also warned that stablecoin yields are attracting low-interest deposits (CASA) from the banking system to on-chain, weakening banks' ability to create credit and maintain low-cost capital. To respond to this competition, he expects banks to issue "deposit tokens" on a large scale to keep funds on their balance sheets while allowing customers to use their assets on-chain.He believes that as the number of stablecoins rapidly expands, future payment systems will rely on a unified settlement layer, allowing users to pay with any token while merchants receive payments in another token, with the underlying conversion happening seamlessly in the background.
app_icon
ChainCatcher Building the Web3 world with innovations.