Now in crypto, social media’s attention increases in the Federal Reserve can signal a warpto market, the Aave token stumbles on rumors of various token allocations from the World Liberty Financial. Meanwhile, Thai police have arrested a South Korea man who has been accused of assisting a call center gang launder of over $ 50 million in crypto in gold.
Fed Rate Chatter Raising may be a red flag for Crypto: Santiment
The Advancement of Social Media Chatter around high expectations The decision of interest of the US Federal Reserve September’s interest can be a warning sign for the crypto, says sentiment platform Santiment.
It came after the Crypto market rally on Friday and The sentiment on the market is back in greed Following Fed Chair Jerome Powell’s Dovish remarks at the annual Jackson Hole Economic Symposium. He announced that was the first Cutting rate of 2025 may arrive in September.
“History, as a massive spike in discussion around a single bullish narrative may indicate that euphoria is getting very high and can signal a local top,” Santiment Says In a report last Saturday. The firm said social media mentions keywords tied to Fed and Interest rates leaps to their highest levels at 11 months.
“While optimization about a cutting rate is fuel in the market, social data suggests caution is warranted,” Santiment said.
AAVE token falls to World Liberty Financial Allocation Rumors
Decentralized Finance (DEFI) Protocol Aave’s Token (Ghost) fell over 8% On Saturday, after rumors began to spread on social media that the protocol would receive a different allocation of token from the Defi Platform World Liberty Financial (WLFI).
Rumors started after blockchain reporter Colin Wu Says That spokesman from WLFI told him that the news of the deal was “fake,” sending the token price to the AAVE’s fall of more than $ 30 before the price had rebuilt the current levels.
A proposal was submitted to the WLFI Community Forum in October 2024 that outlines a deal that will see Aavedao, which manages the AAVE protocol, receives 7% of WLFI circulating -switching supply and 20% of WLFI platform revenues.
Decentralized finance has become a deeper focus as institutional involvement in the sector increases. Total amount locked (TVL) within defi protocols is more than $ 168 billion at the time of this writing, according to Delete.
The Korean man arrested more than $ 50m crypto-to-gold laundering scheme
Thai authorities have been arrested a Accused by the South Korea man of helping a call center gang launder cryptocurrencies in gold worth more than $ 50 million.
The Technology Crime Suppression Division (TCSD) said Han, 33, was arrested at the Suvarnabhumi Airport of Bangkok on Saturday under a warrant released in February, according to a report from the country. He faces charges of fraud, computer crimes, money laundering, and participation in a criminal syndicate.
The case comes from a large -scale call center scam that began in early 2024. Preliminary payouts created a false sense of security, but as the deposits increased, backwards were blocked by claiming that investors failed to meet the requirements.
Dose -two complaints later arrived at TCSD, which motivated an investigation that led to the arrest of ten suspects, along with five alleged launderers and five account holders in MULE.
