Genius Group Limited (NYSE American: GNS) announced that it has further increased the amount of BTC purchases in its BTC treasury by an additional $1.8 million, to 172 BTC, with a total value of $15.8 million, at an average net price of $92,006 per BTC. The company announced its 'BTC-first' strategy on November 12, pledging to hold 90% or more of its current and future reserves in BTC, with an initial target of $120 million in BTC. Within the following three weeks, it has purchased BTC worth $15.8 million. (Globenewswire)

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According to PANews news on August 12, 0xScope, the Web3 knowledge graph protocol, tweeted that it has noticed many abnormal behaviors on the nd4.eth chain recently, which has aroused widespread concern and various rumors in the market. At first 0xScope thought it might be a mistake in its operation, but then slowly discovered that nd4.eth was probably going through some very difficult things, which led to changes in its worldview and ideas. 0xScope and its partners are concerned about the situation with nd4.eth. Web3 essentially represents equality and mutual assistance. Therefore, 0xScope's research team found possible ways to obtain important clues about the real person behind the users of nd4.eth. However, some clues may require the help of industry-leading institutions, because it may be necessary to start with the recharge address and KYC information of nd4.eth. The information includes: First, the recharge address of nd4.eth involves two exchanges that require KYC. (The exchange can forward everyone's concerns to nd4.eth through internal data). The second is the recharge address of nd4.eth-related addresses (it can almost be said that it is not him, but the people around him), and the withdrawal records of these addresses. If the agency can find nd4.eth, 0xScope strongly recommends it, whether he suffered losses because of Luna, gained a deeper philosophical insight, or something else. Hope told him that tough times make strong people. There are always more beautiful things waiting for us in the world. According to previous news, nd4.eth has recently transferred multiple ENS domain names, NFT, ETH, GMX, GNS, etc. to black hole addresses for destruction.

$8 Million Worth of Cryptocurrency and Blue Chip NFTs Mysteriously Burned An anonymous crypto user known as nd4.eth has burned approximately $8 million worth of cryptocurrency and high-value NFTs, leaving the crypto and NFT communities puzzled. This includes the destruction of $3.3 million worth of GMX and GNS tokens, as well as expensive NFTs from projects like Bored Ape Yacht Club and CryptoPunks. The motive behind these actions remains a mystery, sparking intense speculation and curiosity within the crypto community.

Odaily Planet Daily News According to the monitoring of the chain analyst Ember, about an hour ago, nd4.eth transferred 36,188 GMX and 311,003 GNS into the black hole for destruction. Up to now, the cumulative value of tokens and NFTs destroyed by this address has exceeded 8.2 million US dollars.

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The Ethereum whale burned 2,500 ETH and shocked the ETH community. What's going on? A mysterious whale with the Ethereum address "nd4.eth" sent $4.5 million worth of Ether (2,500 ETH) to a "burn" address, taking the tokens out of circulation forever. This intriguing incident has sparked debate - who is this mysterious whale? The incident came to light on Aug. 6, when blockchain analyst "degeneratewisdom" tweeted the question: "Can anyone here explain this transaction to me? Looks like nd4.eth sent 2500 ETH to a defunct address .doesn't look like a rookie mistake either." The tweet shone the spotlight on a massive 2,500 ETH transfer by nd4.eth to an inactive address, sparking criticism within the crypto community about this deliberate and seemingly well-thought-out move. speculation about the underlying intent behind it. The concept of "burning" tokens is to send tokens to an address, making the tokens permanently unusable, thereby reducing the overall supply of a particular cryptocurrency. However, the reasons behind nd4.eth's decision to wipe out such a large amount of ETH remain elusive. To dig deeper into the incident, analysts from on-chain analytics firm Lookonchain revealed more details about the people behind nd4.eth. “The person who transferred 2,500 $ETH ($4.58 million) to a dead address on July 26 was a whale with 34,287 $GMX ($1.84 million) and 311,003 $GNS ($1.43 million). He spent July 29 5,330 $DAI bought $GMX and $GNS and moved 34.9 $GMX ($1,989) and 600 $GNX ($2,733) to dead addresses,” Lookonchain wrote on Monday. While the crypto community is still speculating about the reason for the "$4.5 million burn," there is no doubt that the "nd4.eth" address, for whatever reason, has contributed to the growth of the Ethereum ecosystem. His actions also furthered the narrative of Ethereum as a "super currency." Wildcat Protocol creator Laurence Day jokingly praised the man, saying, “If you woke up this morning without thanking nd4.eth for its contribution to the ultrasonic money narrative, I want you to think hard Describe what you want to achieve here." Indeed, token burning is deflationary, usually to reduce the token’s circulating supply, helping stimulate demand and increasing its market value. (Data source: Scott Matherson, Newton Gitonga)

Odaily Planet Daily News According to official news, contributors to the chain derivatives agreement Gains Network and community representatives have worked out a plan for the GNS token economics. The main points include: - 100% of Dev fund income is redirected to GNS pledge (Dev fund currently charges about 16% of platform fees); - Replace the current governance fund with the new 6/11 multisig; - Deprecation of GNS NFT; - NFT bot revenue will be redirected to GNS pledge and oracle according to the ratio of 80%/20%; - Supply increased by 4.36 million GNS tokens, or 14% (dev: 1 million GNS, NFT: 3.36 million GNS); - GNS revenue acquisition share increased from 33% to over 60%; - Average existing GNS stakers earn 60% more for the same income; In order to compensate for the cost adjustment of the Dev Fund, Gains Network will mint 1 million GNS tokens for compensation. According to the current GNS price, this is equivalent to 1 to 1.5 years of Dev Fund income. Minted GNS tokens cannot be sold for at least one year and are eligible to be staked for protocol benefits. It is reported that the plan is expected to go live on September 1 or later.

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