Gate.io Blog Daily News | OnlyFans Holds ETHs worth $11.434 Million; Oman Invested $800 Million in Crypto Mining Business; 9 Project Tokens Will Be Unlocked This Week

Daily News | OnlyFans Holds ETHs worth $11.434 Million; Oman Invested $800 Million in Crypto Mining Business; 9 Project Tokens Will Be Unlocked This Week

28 August 11:51

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![](https://gimg2.gateimg.com/image/article/16932008740828.jpg)
## Crypto Daily Digest: The Oman government has announced an investment of $800 million in crypto mining; Hong Kong may launch a digital Hong Kong dollar wallet as soon as possible and increase anti-money laundering actions
Oman accelerates into the crypto track.

According to Decrypt, the Oman government has announced nearly $800 million in new investment in cryptocurrency mining this month. This includes a $300 million deal with Phoenix Group in Abu Dhabi on August 23 to develop a 150-megawatt cryptomine with GreenDataCity, Oman's first licensed cryptomine, which will begin operations next year. The new investment also includes a $370 million mine operated by Exahertz International, which was reported on August 22, and plans to launch an additional 15,000 mining machines by October.

The Minister of Transport, Communications and Information Technology of Oman, Said Hamoudal Maawali, stated that these investments mark an "important milestone" in Oman's efforts to "help accelerate growth" in the digital economy.

Hong Kong is also increasing efforts to improve the development environment for Web3.

According to Ming Pao, the CEO of Hong Kong Cyberport, Ren Jingxin, stated that since the government issued a virtual asset policy declaration at the end of October last year, more than 100 companies have entered the Cyberport, and more than 180 Web3 companies have built the entire ecosystem. The number of companies is continuously growing at a healthy growth rate.

Most of the companies' businesses are mainly focused on application areas, including financial services, life entertainment, and other fields. There are also more than 20 companies engaged in Web3-related technologies, such as data analysis and more than 10 blockchain infrastructure companies. Ren Jingxin also stated that although most of the newly established companies in Cyberport come from overseas, many are Chinese. He said that although Hong Kong's digitization process is less advanced than other countries or regions, he hopes that Hong Kong can take a step from the previously slow process, such as launching a digital Hong Kong dollar wallet.

Meanwhile, the Hong Kong police launched an anti-money laundering operation this month, arresting 458 individuals suspected of money laundering and related crimes, including 314 cases involving HK$470 million.

During the operation, the police successfully intercepted over HK$16 million in criminal proceeds. The police said that a money laundering group lured local and foreign individuals to sell bank accounts for HK$300 to HK$1,500, to launder the proceeds of various scams. From October to June this year, the group was suspected of using cash withdrawals and buying and selling cryptocurrency to launder criminal proceeds of up to HK$110 million. In addition, some members of the money laundering group invited some arrested individuals to surrender their ID cards, take selfies on their phones, and then privately help them open virtual bank accounts.

The financial report of the online sub_script_ion platform OnlyFans shows that some funds have been invested to purchase ETH. The purchase cost was $19.889 million, and as of November 30, 2022, an impairment loss of $8.455 million had been incurred, with a book value of $11.434 million.

Regarding this, Ember, an analyst on the chain, analyzed that as of November 30, 2022, the ETH price was approximately $1,270, which means that the number of ETHs held by Onlyfans should be around 9,000. Based on 9,000 ETHs, the purchase cost is $19.889 million, which means the average purchase price is $2,210. At the current ETH price of $1,650, the current value is $14.85 million, floating a loss of $5 million (approximately 25% loss).

In terms of data change, according to Glassnode data, the current balance of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> on the trading platform is 2,256,045, setting a new low in nearly five years. The outflow from the USDC trading platform (7-day moving average) was $16.16 million, dropping to a one-month low.

In addition, TokenUnlocks data shows that tokens for 9 projects this week will be unlocked once with <a href="/price/dydx-dydx" target="_blank" class="blog_inner_link">dYdX</a>, <a href="/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a>, and <a href="/price/hedera-hbar" target="_blank" class="blog_inner_link">Hedera</a> experiencing significant unlocks.

At 0:00 (UTC) on August 28th, SingularityNET will unlock 9.82 million AGIX (worth approximately $1.76 million), accounting for approximately 0.8% of the circulation volume;

At 12:00 pm (UTC) on August 28th, Galxe will unlock 586000 GALs (worth approximately $668,000), accounting for approximately 1.26% of the circulation volume;

At 3:00 pm (UTC) on August 29th, dYdX will unlock 6.52 million DYDXs (worth approximately $14.41 million), accounting for approximately 3.76% of the circulation volume;

At 4:00 am (UTC) on August 30th, Optimism will unlock 24.16 million OPs (worth approximately $35.03 million), accounting for approximately 3.37% of the circulation volume;

At 10:20 pm (UTC) on August 30th, Euler will unlock 156000 EULs (worth approximately $377,000), accounting for approximately 0.84% of the circulation volume;

At 0:00 (UTC)  on August 31st, Nym will unlock 25 million NYMs (worth approximately $3.46 million), accounting for approximately 4.73% of the circulation volume;

At 0:00 (UTC)  on August 31st, <a href="/price/1inch-1inch" target="_blank" class="blog_inner_link">1inch</a> will unlock 64000 1INCH (worth approximately $15,000), accounting for approximately 0.01% of the circulation volume;

At 0:00 (UTC) on September 1st, Hedera will unlock 1.15 billion HBARs (worth approximately $67.23 million), accounting for approximately 3.48% of the circulation volume;

At 7:00 am (UTC) on September 1st, Acala will unlock 27.43 million ACAs (worth approximately $1.24 million), accounting for approximately 3.43% of the circulation.
## Today’s Main Token Trends
### BTC
![](https://gimg2.gateimg.com/image/article/1693194552BTC 0828.png)
The 4-hour chart shows a narrow consolidation and oscillation. Short-term trading volume remains weak, and the downward target is expected to reach $24,226 USD. For a bullish strategy, we still need to wait for a breakthrough above $26,975 USD and a pullback to the purple trend line to re-enter a bullish trend.
### SEI
![](https://gimg2.gateimg.com/image/article/1693194563SEI 0828.png)
Last week, a high-level short position strategy was established at $0.1535 USD, with an expectation for a decline to $0.1290 USD. This week, the price found support just above $0.1290 USD. If it breaks below, the next levels to watch are $0.1202 USD and $0.1060 USD. These support levels are suitable for building positions and could lead to a rebound.
### DOGE
![](https://gimg2.gateimg.com/image/article/1693194577DOGE 0828.png)
The overall daily trend has been in a prolonged downtrend for 835 days. A significant pattern might develop before the end of the year. The base price is holding steady at $0.05099 USD. If an independent trend emerges, the sequential resistance levels to watch are $0.10799 USD, $0.15879 USD, $0.43360 USD, and a historical new high.
## Macro: Powell hinted at the possibility of further interest rate hikes, focusing on this Friday's non-farm data
Last Friday night, Powell's speech in Jackson Hole did not release a unanimous signal. At first, he acknowledged progress in reducing inflation, and the US dollar index plummeted in the short term. Then, he hinted that there might be another rate hike, which was not ruled out as a hawkish signal. The US dollar index erased the decline and ended up 0.08% higher at 104.16.

Let's take a look at the opinions of some investment analysts on Wall Street:

“Powell appears to have little intention of raising interest rates but will wait for the inflation rate to stumble towards the 2% inflation target set by the Federal Reserve before cutting the benchmark interest rate. In my opinion, Powell's statement is somewhat lenient.” Louis Navellier, Chief Investment Officer of Navellier & Associates, said.

“In the coming months and for some time next year, the Federal Reserve is likely to raise interest rates one to three more times, and then remain silent for a period of time. The Federal Reserve will only begin to lower interest rates when broader macroeconomic conditions weaken and lead to a shallow recession.” Vanguard Senior Economist Andrew Patterson said.

“Powell's admission that the current policy is restrictive and may become more effective over time has brought some hope to liberals. But he also threatened to hit hard again if the US economy and job market were too hot. Given that more data will be released in the last week of August and early September, this statement will make traders nervous and uneasy. We will focus on data performance for a period of time.” David Russell, Global Director of Market Strategy at TradeStation, said.

The most important thing this week is the August US unemployment rate and non-farm employment data, which will be released at 12:30 pm (UTC) on Friday. We will focus on it then.

<div class="blog-details-info">
<div>Author:**Byron B.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

BTC/USDT -0.54%

ETH/USDT -4.17%

GT/USDT -0.81%

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Daily News | OnlyFans Holds ETHs worth $11.434 Million; Oman Invested $800 Million in Crypto Mining Business; 9 Project Tokens Will Be Unlocked This Week

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