$22.1 Million in APE, FTM, SAND, LINK, FTX Acquired by Largest ETH Investors: Report

u.todayPubblicato 2022-03-23Pubblicato ultima volta 2022-03-24

Introduzione

several large whales on Ethereum blockchain have purchased slightly over $22 million worth of digital currencies: APE, SAND, LINK, FTX and FTM.

Contents

Whales add trending tokens to their wallets

$1.2 billion SHIB owned by largest ETH wallets
As per a few recent tweets posted on the Twitter page of WhaleStats, in the past 17 hours, several large whales on Ethereum blockchain have purchased slightly over $22 million worth of digital currencies: APE, SAND, LINK, FTX and FTM.
Whales add trending tokens to their wallets
WhaleStats platform, which provides data on the top 100 largest whales on various platforms, has tweeted that some of the largest investors on the Ethereum blockchain have recently acquired a total $22.1 million in various altcoins—ApeCoin (APE), FTX Token (FTX), Fantom (FTM), Sandbox (SAND) and Chainlink (LINK).

FTT, LINK and FTM have been frequent targets for whales recently, along with meme token Shiba Inu, but APE and SAND have joined that list recently.
Whales have grabbed 2,100,000 SAND, 485,000 LINK, 195,029 APE, 3,383,731 FTM and 195,029 APE.
APE, FTX and FTM are on the list of the top 10 purchased digital currencies over the past 24 hours, along with MATIC, WBTC, MKR and dollar-pegged stablecoins USDT and USDC.

Over the past 24 hours, APE has been the most-traded ERC-20 token for the hundred largest Ethereum whales.
FTT remains the coin with the largest U.S. dollar value for these investors, holding the second spot on the list of the top 10 crypto holdings after Ethereum.
As reported by U.Today, over the weekend, whales acquired 600,000 ApeCoins, worth approximately $8.2 million at the time of purchase. Beyond that, Time Magazine intends to begin accepting APE as payment from its subscribers.
$1.2 billion SHIB owned by largest ETH wallets
WhaleStats website shows that the aforementioned top 100 ETH whales still hold a massive amount of Shiba Inu meme coins—a staggering $1,255,643,849 worth of SHIB. This constitutes 53,591,286,769,099 SHIB and 14.14% of their portfolios.
The amount of FTT owned by the whales is slightly bigger, $1,678,414, 524 in FTX token, which is 18.9% of their comprised portfolio.

Letture associate

Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

"World Models" has become a widely used yet confusing term in AI. To address this, a team led by Fei-Fei Li and World Labs proposed a functional taxonomy based on the Partially Observable Markov Decision Process framework. This taxonomy categorizes systems called "world models" into three distinct projections: Renderers, Simulators, and Planners. Renderers, like OpenAI's Sora and other video generation models, focus on producing photorealistic visual outputs for human perception. They prioritize visual fidelity over physical accuracy. Simulators, such as NVIDIA Omniverse, aim to compute precise future environmental states for computational tasks like engineering analysis or digital twins. Planners, like Vision-Language-Action models, take in observations and goals to output executable actions for robots or agents. The article clarifies that most current "world models," including Sora, are primarily Renderers. They generate convincing visuals but lack the core ability to simulate state transitions based on actions, a key requirement for a true world model in classic reinforcement learning definitions. This conceptual confusion has practical implications, leading to potential misalignment in technology selection, investment, and public understanding of AI capabilities. Clear categorization is crucial. It helps enterprises avoid costly mistakes (e.g., using a renderer for robot training), allows investors to accurately assess markets, and enables researchers to build comparable benchmarks. While future systems may integrate these functions, recognizing current boundaries is essential for honest assessment and progress.

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Fei-Fei Li's Team Clarifies the Concept of 'World Models', Sora Merely a Renderer

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Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

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Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

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