“Real Housewives of Potomac” star Dr. Wendy Osefo and her husband, Eddie Osefo, are being accused of possessing 40 credit and/or debit cards and using aliases to conceal their identities. The Baltimore Banner reported Thursday that prosecutors are seeking additional financial records of the couple, as they believe they will “show a pattern of excessive spending” and support “a motive” in their criminal fraud case stemming from a reported home burglary. In newly filed court documents, prosecutors alleged that the Osefos have “approximately 40 credit and/or debit cards, some of which are believed to be in company names.” Prosecutors also alleged that the two have used the names “Pam Oliver” and “Eddie Hennessy” in a “deliberate attempt to mask their identity.” Additionally, prosecutors alleged that Wendy falsely denied using PayPal, Venmo and Cash App to pay for jewelry. “The State anticipates seeing purchases as well as returns on the financial records. Additionally, the State expects such documentation to show a pattern of excessive spending, supporting motive in this case,” prosecutors wrote. “The State avers that insurance fraud is a financial crime, and in that, the amount of debt owed by the Osefos jointly, individually and by the businesses that they own is highly relevant to their motive.” However, defense attorneys for the Osefos believe prosecutors are on a “fishing expedition,” and they want the subpoenas quashed. Eddie’s attorney, Joseph Murtha, added that he feels the requests for bank records are overly broad and strangely timed. Murtha argued that prosecutors are “looking for something they haven’t figured out after 18 months of investigating,” claiming that authorities haven’t spoken to the Osefos, both 41, “from the time of the break-in until they were charged criminally.” The judge overseeing the case said he would address the dispute at a status hearing on Dec. 2. Neither Murtha nor Wendy’s attorney, Jeremy Eldridge, immediately responded to Page Six’s requests for comment. The Bravolebrities were arrested last month for allegedly staging an April 2024 burglary at their Finksburg, Md., home in order to claim losses. Wendy a college professor and political commentator was indicted on 16 charges: seven felony counts of insurance fraud, eight misdemeanor counts of conspiracy to commit insurance fraud and one misdemeanor count of making a false statement to a police officer. Eddie a lawyer and entrepreneur was indicted on 18 charges: nine felony counts of insurance fraud, eight misdemeanor counts of conspiracy to commit insurance fraud and one misdemeanor count of making a false statement to a police officer. Shortly after their arrests made headlines, their rep told Page Six in part that “the Osefos, alongside their legal team, look forward to their day in court.” Then, at BravoCon 2025, which took place this past weekend in Las Vegas, Wendy called the legal run-in an “unfortunate situation.” She told the crowd at the “RHOP” cast panel, “Right now, I can’t say too much. But I will say, when the time is right, I will share my story with everyone.” The mother of three made sure to stress, “For now, they’re just allegations.”.
https://pagesix.com/2025/11/20/celebrity-news/rhop-stars-wendy-eddie-osefo-accused-of-having-40-credit-cards-using-aliases/
Tag Archives: approximately
AVAX Faces Key Support with Breakout Targets Ranging to $302
Key Insights: AVAX drops 90% from its ATH, testing the final accumulation zone between $15-$11. Avalanche’s TVL growth surged 3, 200%, positioning it among the top DeFi platforms for future expansion. Breakout targets for AVAX range from $43 to $302, contingent on sustained support and market recovery. Avalanche (VAX) has recently reached a crucial support zone after a significant decline from its all-time high (ATH) in 2021. According to market analysts, the cryptocurrency is now testing the final accumulation zone. This comes after a 90% drop from its ATH, and many believe this could present an important opportunity for long-term investors. Price Movement and Current Support Zone AVAX has been under pressure since its peak in 2021, when the cryptocurrency reached new heights. As of the time of writing price stands at approximately $14. 47, with a 24-hour trading volume exceeding $408 million. The support zone between $15 and $11 has drawn attention due to a mix of technical indicators, including a four-year mega support level, the 0. 786 Fibonacci retracement level, and a wedge floor. The belief is that these levels could serve as a solid foundation for price stabilization. AVAX is expected to maintain support at these levels before any further upward movement. However, the key to further recovery lies in whether the price can hold this support and break through the targeted resistance levels. TVL Growth and Avalanche’s Market Position Avalanche has been showing signs of improvement on the decentralized finance (DeFi) front. The Total Value Locked (TVL) in the Avalanche network has more than doubled since July 2024. Notably, the Real World Asset (RWA) TVL has risen by an impressive 3, 200%, pointing to a growing interest in the platform. This growth places Avalanche among the top 3 entities in a market that is projected to reach $18 trillion by 2023. Despite this positive development, the price of AVAX has been under pressure in the short term. The network’s fundamentals continue to strengthen. As the DeFi sector expands, more investors are paying attention to Avalanche’s growing presence in the market. Breakout Targets for AVAX Looking ahead, analysts are forecasting potential breakout levels for AVAX. If the price can maintain its support and eventually break resistance, targets are set at $43, $85, $145, and even $302. These levels indicate the long-term potential of AVAX, provided it can gain traction in the market. The path to these higher price points will depend on the broader market conditions and Avalanche’s continued growth in the DeFi sector. If AVAX can sustain its current support and avoid further declines, it may find itself in a position to capitalize on the next phase of market recovery.
https://bitcoinethereumnews.com/tech/avax-faces-key-support-with-breakout-targets-ranging-to-302/
Crisis in the Chilean left: even with Boric’s support, Jara would be overwhelmed by a united right in the runoff, according to all polls
A few hours before the first round of the Chilean presidential elections, the candidate of the ruling bloc, Jeannette Jara, is emerging as the favorite to obtain the highest number of votes next Sunday, November 16. However, the latest projections warn that, despite this initial advantage, she would be destined to lose to any right-wing rival in a potential runoff.
Jara, former Minister of Labor under Gabriel Boric’s government and a member of the Communist Party of Chile, received the endorsement of the governing left-wing coalition after winning her bloc’s primaries with more than 60% of the valid votes. Her campaign has emphasized the continuity of the progressive project underway since 2022, although she also inherits the weaknesses of Boric’s administration: citizen insecurity, irregular immigration, and unfulfilled promises appear as growing burdens.
The right-wing opposition arrives divided to this electoral event, with three contenders competing to advance to the runoff: José Antonio Kast (Republican Party), Johannes Kaiser (radical libertarian), and Evelyn Matthei (traditional right). Polls show that any of these three could be Jara’s opponent in the runoff, but all indicate that in that second round Jara would lose to each of them.
A recent survey by the CEP consultancy, released at the end of October, shows Jara leading with approximately 25% of the vote in the first round, followed by Kast with 23% and Matthei with 12%. However, the same poll indicates that if she faces either of them, the official candidate is at a disadvantage.
Additionally, the media highlights that the introduction of compulsory voting has raised participation to more than 13 million voters, doubling previous electoral figures and transforming the electorate’s profile.
The division of the right’s three strong candidacies is not necessarily a weakness: on the contrary, analysts estimate that in the event of a runoff, the bloc would unite to prevent the left from remaining in power. This scenario turns the first round into little more than an informal “primary” for the right, according to Chilean media.
For the left, this is a moment of maximum urgency: Jara must consolidate her leadership on Sunday and, at the same time, prepare her artillery for a runoff that places her in full defense of power. Her challenge is twofold: convincing centrist and moderate voters that her project, tied to the Communist Party and the continuity of Boric, offers institutional security, order, and protection for Chilean families — precisely when those values are under pressure.
No less relevant is the issue of public safety. The right has built its discourse around restoring order, curbing crime, and addressing irregular migration — issues that the governing left has failed to tame, in the view of a large segment of the electorate. In this arena, the right’s campaign appeals precisely to the restoration of legitimate authority, the protection of the family unit, and the defense of social traditions.
The situation is therefore high-risk for the ruling bloc: a victory in the first round does not guarantee the final triumph, and Jara’s initial advantage becomes a burden if she fails to demonstrate solidity, breadth, and the ability to summon support beyond the progressive base.
The right sees this margin as its historic moment to retake La Moneda. The backing of the 15.7 million registered voters and compulsory voting give the opposition a golden opportunity. From a conservative perspective, this scenario involves much more than an election: the model of social coexistence, the role of the state, the protection of the family, public order, and institutional continuity are at stake.
For the left to lead Chile without having restored control and public trust puts at risk the social fabric and democratic authority. The fragmentation of the right until now has generated uncertainty, but its ability to come together for the runoff represents a factor of stability for those who defend traditional values.
Ultimately, the progressive bloc led by Jara and the left faces a trial by fire. If they do not react with speed, coherence, and the ability to rally support, the union of the three right-wing forces could strip them of power.
—
**Trending:**
*Total Rejection! Only 9 Out of 60 Countries Attend the CELAC-EU Summit in Santa Marta: Historic Isolation of Gustavo Petro Due to Trump Sanctions and Massive Boycott by European and Hispanic Leaders*
After years of ideological experiments, controversial reforms, and policies that have eroded authority and the family structure, the left now shows more weakness than strength. The election is no longer just about names: it is about who guarantees order, security, institutional respect, and the defense of traditional Chilean society.
—
**About The Author**
*Rafa Gómez-Santos Martín*
Rafael Santos is a Portuguese writer and political analyst dedicated to educating Hispanics on traditional values and the importance of protecting children and families. With years of experience in media and public discourse, he has been a strong advocate for cultural preservation and moral principles in an ever-changing world.
Passionate about culture, sports, and current affairs, Rafael brings insightful analysis to political and social debates, striving to empower the Hispanic community with knowledge and a deeper understanding of the issues that shape their lives.
See author’s posts.
https://gatewayhispanic.com/2025/11/crisis-chilean-left-even-borics-support-jara-would/
XRP Price Prediction 2025: Will It Hit $4 While MoonBull Leads Top Cryptos to Buy This Week
Curious about where the digital asset XRP might be headed next and why a fresh contender is turning heads? While XRP trades around $2.45 today with a 24‑hour trading volume of nearly $6.14 billion, buzz around a newer token is picking up fast.
**MoonBull Presale Sparks Excitement**
MoonBull, currently in its live presale with a $0.00008388 entry price at Stage 6, has already raised over $600K and is generating massive excitement among early investors. Its unique governance system allows holders to vote on key project decisions, making every OBU holder an active part of the journey.
This article explores the XRP price prediction for 2025, weighing bulls and bears, and contrasts it with why MoonBull leads among the top cryptos to buy this week.
—
### MoonBull’s Standout Features Lead Among the Top Cryptos to Buy This Week
MoonBull is making waves in the crypto world with its presale now live, sparking serious interest among early investors. At Stage 6, the current price is $0.00008388, meaning a $200 investment at this stage grants approximately 2,384,358 tokens with projected listing earnings of $14,687.65—making this opportunity hard to ignore.
Focused on accessibility, transparency, and long-term growth, MoonBull is positioned as a top crypto to buy this week. Its governance system, starting at Stage 12, gives every OBU holder a direct voice in decisions, with one vote per token and no lock-ups or thresholds. Voting power is tied to wallet balances, enabling the community to steer campaign initiatives, supply burns, features, and incentive reserves. All decisions are transparently shared to align strategy with holders and maintain trust while propelling the project forward.
Built on the Ethereum blockchain using the ERC‑20 standard, MoonBull benefits from deep compatibility with wallets, decentralized exchanges (DEXs), and DeFi platforms. Additionally, leveraging Ethereum’s mature validator network, audit infrastructure, and secure environment supports functions such as reflections, sell taxes, burns, and staking. This integration within Ethereum’s ecosystem ensures broad accessibility and scalability as the crypto world evolves.
—
### XRP Current Price and Recent Market Dynamics
XRP’s current price hovers near $2.45, up approximately 8.99% over the past week. Analysts reference various live price feeds: one chart reports $2.54 with a 24-hour trading volume of around $6.29 billion, while another lists $2.52 with roughly $184 million in 24-hour volume.
In recent months, XRP has repeatedly tested resistance near $3.00, while support levels range between $2.70 and $2.90. The token has demonstrated solid upside potential but also signs of fatigue, as whales and institutional investors closely monitor developments.
—
### XRP Price Forecast: Balancing Bullish Momentum and Downside Risks
XRP’s price outlook is currently shaped by conflicting forces:
– **Bullish Drivers:** The macro environment is improving, with risk‑on sentiment returning amid expectations of potential Federal Reserve rate cuts. Higher futures open interest and growing institutional engagement are providing support for XRP’s live price.
– **Bearish Concerns:** Some technical analysts warn of a potential 50% drop to around $1.25 if key support levels fail. Others suggest that a break below $2.69 could trigger a decline to $2.20. Market sentiment is also heavily influenced by regulatory clarity regarding XRP’s status and ETF flows. If major players pull back, momentum may weaken.
While network upgrades are positive, ecosystem adoption must scale and integrate for sustained growth. Overall, the outlook remains nuanced. XRP has room to climb if positive catalysts align but faces clear risks of correction. Analysts are closely watching the $2.70-$3.00 zone like “cats eyeing a laser pointer.”
—
### XRP Price Prediction for 2025: Targets, Scenarios, and Method
When projecting XRP’s price for 2025, consider three primary scenarios:
– **Bearish Scenario:** If XRP fails to regain $3.00 and broader market weakness sets in, a drop toward approximately $2.20 or even $1.25 is plausible.
– **Base (Neutral) Scenario:** Many forecasts suggest XRP could trade between $2.23 and $2.58 in 2025, with some estimates placing the average near $2.59.
– **Bullish Scenario:** If adoption accelerates, regulations become clearer, and ETF flows materialize, XRP could challenge $4.00 or higher by year-end.
Overall, a reasonable target for XRP in 2025 might fall within the $2.50-$4.00 range, depending on the strength of catalysts. If conditions align optimally, the $3.50-$4.00 zone is achievable, while potential setbacks could keep it between $1.25 and $2.20.
For traders, this means preparing for either a friendly “penguin bounce” or a “peanut-butter slide.”
—
### Why Blockchain Developers and Financial Analysts Should Keep an Eye on XRP
From a developer’s perspective, XRP offers more than price speculation; it provides a payments‑focused ledger with potential for network partnerships.
For financial analysts, its market cap, liquidity, and exchange listings make it a “reasonably large‑cap alt” for modeling. Key variables to monitor include:
– Network integrations
– Institutional money flows
– Regulatory outcomes
– Macro‑economic conditions
The sweet spot occurs when technical patterns, investor sentiment, and network fundamentals align. Large wallet (whale) movements could amplify price action significantly.
For financial students, this offers a live case study in how crypto asset valuation blends technology, law, and investor psychology.
—
### Conclusion
In short, XRP has potential to climb but it’s far from guaranteed. If adoption, regulation, and macro conditions break right, the token could head toward $3.50-$4.00 in 2025. However, if key support levels collapse, downside risks to $1.25-$2.20 exist.
The message for watchers is to stay alert and understand both the “penguin‑glide” and the “peanut‑drop” scenarios.
Meanwhile, MoonBull leads among the top cryptos to buy this week and represents a contrasting tale of early‑stage hype. While XRP might offer a measured ride, MoonBull is capturing speculative momentum, offering a broader view of the evolving crypto landscape.
—
### For More Information
– **Website:** Visit the Official [MOBU Website](#)
– **Telegram:** Join the [MOBU Telegram Channel](#)
– **Twitter:** [Follow MOBU on Twitter](#)
—
### FAQs about Top Cryptos To Buy This Week
**Q: Which is the best crypto to buy now for growth potential?**
A: For speculative upside early in a presale, the OBU crypto presale of MoonBull is attracting interest thanks to its governance system, low entry price, and potential listing gains.
**Q: Which top meme‑oriented crypto offers the highest early‑stage gains?**
A: The OBU crypto presale setup shows high potential ROI for early participants, given the significant price gap between the presale and the possible listing price.
**Q: How can investors secure the next breakout crypto early?**
A: By participating in the MoonBull presale while the stages remain open and prices are low, investors can enter before the listing and broader market awareness.
**Q: Which crypto presale provides the best early‑stage governance exposure?**
A: MoonBull’s governance structure gives every OBU holder voting rights, making it a presale where investors become project architects, not just spectators.
**Q: What’s the risk vs reward of entering a crypto presale now?**
A: Presales like MoonBull’s offer high reward potential but also high risk. Project execution, market conditions, and listing success all matter. Investors should assess carefully and not rely solely on hype.
—
*Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on this information.*
https://blockonomi.com/xrp-price-prediction-2025-will-it-hit-4-while-moonbull-leads-top-cryptos-to-buy-this-week/
Bitcoin Price Prediction 2025: BTC Slides Below $100K as Traders Watch for a Reclaim and EV2 Presale Sees Rising Demand as Hype Grows
Bitcoin Trades Below $100,000 as Traders Watch the $101,000 Reclaim Level
EV2 Launches Token Presale with New Features and PvX Gameplay
Bitcoin continues to face pressure, slipping below the $100,000 mark amid shifting pricing expectations in the short term. As sellers dominate and volatility increases, attention is focused on reclaiming key levels to trigger the next directional trend. Meanwhile, the EV2 token presale is gaining momentum, attracting investors eager for early exposure to blockchain gaming.
**Bitcoin Faces Trend Pressure as Traders Monitor Key Technical Levels**
Crypto analyst Michaël van de Poppe recently noted that a market reversal could occur if Bitcoin’s price moves above the previous support zone around $101,000. He highlighted that Bitcoin remains weak below this level, with many traders believing the four-year cycle has topped, which has contributed to selling pressure.
At the time of writing, BTC was trading at approximately $97,000 following another 6% drop on the day. Trading volumes increased as sellers took profits. Chart analysis shows a sequence of lower lows and lower highs, indicating a short-term downward structure. The break below $100,000 has turned that level into resistance, intensifying pressure on buyers trying to regain ground.
Bitcoin has dropped below $95,000 and stabilized, but a trend reversal would require reclaiming the crucial $101,000 resistance level.
**BTC Technical Forecast: Bearish Momentum Prevails**
Technical indicators suggest a bearish outlook for Bitcoin. The 9-day Exponential Moving Average (EMA) sits near $100,176, well above the current price point. The MACD remains negative, with widening red bars that indicate selling momentum is still dominant. The Relative Strength Index (RSI) is nearing 31, entering oversold territory where short-term price bounces become more probable.
Support levels hold near $97,000 and $95,000, with deeper support around $92,500 if selling persists. Resistance remains strong at $100,500 and $102,500, with a potential push toward $105,000 if Bitcoin can successfully reclaim the $101,000 level.
**TradingView 4-Hour Chart Highlights**
Recent price action shows a decline accompanied by a bearish MACD crossover with a falling histogram, while the RSI trends downward toward oversold levels—signaling continued bearish energy.
**Price Prediction Outlook: Market Awaits Trend Confirmation**
With implied volatility elevated, traders are closely watching the $95,000 to $97,000 zone for signs of stabilization. A bounce from this area could spur a move toward $99,500, followed by a test of the $100,000 to $100,500 resistance zone. Closing above $102,500 might validate a short-term structure change.
Conversely, if support at $95,000 fails to hold, further declines toward $92,500 or, in case of heavier selling, around $89,000 could materialize. Analysts widely regard reclaiming $101,000 as key to initiating a broader recovery.
—
**EV2 Token Presale Opens Amid Growing Interest in PvX Looter-Shooter Gameplay**
While attention remains on Bitcoin, Funtico has launched the public presale for EV2, the token powering its upcoming open-world PvX (Player versus X) looter shooter, Earth Version 2. The presale offers 40% of the total token supply, granting early access to players and supporters. It is also available via the Ethereum network.
Earth Version 2 features large-scale battles, cinematic environments, and five customizable combat suits. Players can explore multiple worlds, collect modular loot, and compete across PvE, PvP, and PvEvP modes. A notable mode called Fracture challenges 25 players to collect color-coded cubes before entering a final survival phase.
The EV2 token is built on the Avalanche network and is priced at $0.01 during the presale, with approximately 1.15 billion tokens in existence. Participants can acquire tokens using an Avalanche-enabled wallet and redeem them after the presale concludes.
This project aims to bridge traditional gaming and decentralized finance by offering an in-game marketplace featuring rare, collectible digital assets that are monetized and upgradeable. According to EV2’s documentation, the roadmap includes marketplace integration and scheduled tournaments designed to sustain player engagement. Presale buyers will also receive exclusive bundles and in-game digital items.
—
**Further Observations**
Bitcoin’s downward trend is likely to continue until the $101,000 level is reclaimed. However, given the oversold conditions, a short-term rebound is possible. Meanwhile, the EV2 token presale continues to gain traction, reflecting growing enthusiasm in blockchain-based gaming.
—
**EV2 Presale Links:**
[Presale Website]
[Telegram]
[X]
—
*Disclaimer:* This is a sponsored article for informational purposes only. It does not reflect the views of Crypto Daily and is not intended as legal, tax, investment, or financial advice.
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-prediction-2025-btc-slides-below-100k-as-traders-watch-for-a-reclaim-and-ev2-presale-sees-rising-demand-as-hype-grows/
Watch the November 2025 PlayStation State of Play here
Today marks the date of the latest PlayStation State of Play, but this one will be a bit different from what has come before. This edition is titled **State of Play Japan**, with a sole focus on games developed in Japan and other studios across Asia.
The November 2025 PlayStation State of Play Japan will take place today, November 11, at 2 p.m. PT / 5 p.m. ET. Fans can watch the event live on the official PlayStation YouTube channel.
We know a couple of key details about this special PlayStation event. First, it will run for approximately 40 minutes. Second, the showcase will primarily highlight games from Japan and other Asian studios. This means publishers like Square Enix, Capcom, and Sony Interactive Entertainment are expected to feature prominently.
Don’t miss out on the latest updates and announcements focused on Asian-developed titles—tune in to the PlayStation State of Play Japan today!
https://www.shacknews.com/article/146776/watch-playstation-state-of-play-japan
Teen charged in fatal stabbing of 15-year-old at wild LI house party at home of 70-year-old grandma
A Long Island teen has been charged with murder in the stabbing death of a 15-year-old during an out-of-control house party, Suffolk County police reported. The incident occurred at a West Babylon home packed with as many as 100 rowdy teenagers.
The accused, whose name has not been released due to his status as a minor, allegedly stabbed and killed Liam Delemo during a scuffle on November 3. The party took place at the residence of a 70-year-old grandmother.
According to a police press release, “Between 90 and 100 teenagers were at a party outside the home at 813 Carlton Road on November 3 at approximately 10:25 p.m. when a fight broke out and Liam Delemo was stabbed.”
Liam Delemo, 15, of West Babylon, was transported to Good Samaritan Hospital Medical Center in West Islip, where he was pronounced dead.
The homeowner, Bonnie Miranda, was arrested following the party. She faces charges of endangering the welfare of a child and violating the county’s Social Host Law for allowing her grandchild to host the large underage gathering.
Neighbors described the party as having gotten out of hand, with dozens of teens fleeing over fences and through yards following the fatal altercation, News 12 Long Island reported.
The accused teenager is scheduled to be arraigned on Monday on a second-degree murder charge.
Authorities are urging anyone with information about the deadly incident to contact the Suffolk County Homicide Squad at 631-852-6392.
https://nypost.com/2025/11/10/us-news/teen-charged-in-fatal-stabbing-of-15-year-old-at-wild-li-house-party-at-home-of-70-year-old-grandma/
ETH2 Beacon Deposit Contract Now Controls 60% Of All Ethereum: Arkham
**Arkham Intelligence Reveals Ethereum’s Largest ETH Holders: Staking Contract Leads the Pack**
New on-chain research from Arkham Intelligence this week reveals that the wallet address holding the most ETH today is neither an individual, nor an exchange, nor an ETF issuer—but the staking contract that secures the Ethereum network.
According to Arkham, the ETH2 Beacon Deposit Contract currently holds more than 72.4 million ETH, worth around $252 billion at current market prices. This staggering amount represents approximately 60% of Ethereum’s total supply, underscoring the critical role of staking in the network’s security and operation.
### Largest Individual ETH Holders
In terms of individual ownership, the research confirms that the largest known individual holder of ETH is Rain Lohmus, the founder of the Estonian bank LHV. Lohmus purchased 250,000 ETH in the 2014 presale for roughly $75,000. Today, those coins would be worth approximately $871 million. However, he no longer has access to them as he lost the private keys years ago.
The second largest identifiable individual holder is Ethereum co-founder Vitalik Buterin, who currently holds around 240,000 ETH. This amount is valued at about $840 million.
### Institutional Holders and Exchanges
Beyond individuals, centralized exchanges and institutional entities collectively control some of the largest ETH pools:
– **Binance** holds approximately 4.09 million ETH.
– **BlackRock**, the asset manager, owns around 3.94 million ETH, primarily associated with its iShares Ethereum Trust ETF.
– **Coinbase** follows closely, with around 3.5 million ETH spread across multiple addresses, including cold wallets and staking reserves for its cbETH staking token.
– **Bitfinex** also appears among the top institutional holders.
### Government Seized Funds and Stolen ETH
Arkham’s research also highlights government holdings. For example, the United States government controls about 60,000 ETH, mainly consisting of seized criminal funds. These include funds from the Potapenko/Turogin case and seizures related to the Bitfinex hacker incident.
High-profile hacker wallets remain significant holders as well. Notably, the wallet controlled by the Gatecoin exploiter still holds more than 156,000 ETH stolen back in 2016.
### Wrapped Ether (WETH) and Layer-2 Bridges
On the infrastructure side, the Wrapped Ether (WETH) contract holds over 2.2 million ETH. This supply represents WETH minted to make ETH compatible with the ERC-20 token standard.
Native Layer-2 bridges also account for substantial locked ETH balances:
– Arbitrum’s native bridge has approximately 833,000 ETH deposited.
– Base’s bridge holds around 723,000 ETH.
### Summary
Overall, the latest on-chain data from Arkham Intelligence identifies staking contracts, exchanges, ETF issuers, bridges, and custody platforms as the largest known entities holding Ether today. These insights provide a clearer picture of Ethereum’s distribution landscape and the key players supporting its ecosystem.
https://bitcoinethereumnews.com/ethereum/eth2-beacon-deposit-contract-now-controls-60-of-all-ethereum-arkham/
BYD Expands China Megafactory and Brazil Plant, Potentially Surpassing Tesla in EV Output
**BYD’s Strategy: Outbuilding Rivals Like Tesla Through Massive Factory Expansions**
Construction of BYD’s Zhengzhou megafactory began in 2021, with full production ramping up in 2023 at an impressive rate of one car per minute. Satellite imagery shows that the site has more than doubled in size since mid-2023, now spanning approximately 22.5 square kilometers — significantly larger than Tesla’s largest U.S. factory in Austin, Texas, which covers just 3.53 square kilometers.
Discover how BYD’s Zhengzhou megafactory is revolutionizing electric vehicle (EV) production, outpacing Tesla through innovative expansions and a growing global reach. Explore the latest developments and what they mean for the EV industry today.
—
### What Is BYD’s Zhengzhou Megafactory and How Does It Compare to Tesla’s Facilities?
BYD’s Zhengzhou megafactory is a massive EV production site located in China. Construction started in late 2021, and the facility reached full production capacity in 2023. In 2024 alone, the factory has already produced 540,000 vehicles, operating at an astounding rate of one car every minute.
According to satellite imagery, the facility has more than doubled its size since mid-2023, now covering about 22.5 square kilometers. This dwarfs Tesla’s largest factory in Austin, Texas, which spans only 3.53 square kilometers. This size difference underscores BYD’s aggressive push to lead the global EV market through scale and innovation.
—
### Why Is BYD Expanding Its Battery Production at the Zhengzhou Site?
Recently, BYD secured conditional environmental approvals to expand battery production at the Zhengzhou megafactory. Through its subsidiary, Zhengzhou Fudi Battery Co., BYD is investing around $16 million to enhance its mold production line and build a new battery protection plate facility.
This new battery production line is projected to manufacture nearly 4.7 million units annually. These expansions support BYD’s ambitious goal to scale vehicle output to 1.8 million units per year — a figure that surpasses Tesla’s total projected 2024 production across all its factories, according to local media reports.
These initiatives highlight BYD’s commitment to vertical integration in EV components, boosting efficiency and maintaining cost competitiveness amid a slowing automotive sales environment. Industry experts believe these expansions could cement BYD’s leadership in battery technology, a critical factor for EV reliability and market share gains.
—
### Frequently Asked Questions
**What Makes BYD’s Zhengzhou Megafactory Larger Than Tesla’s Austin Plant?**
The Zhengzhou facility covers approximately 22.5 square kilometers, compared to Tesla’s 3.53 square kilometers in Austin. This vast area allows BYD to operate integrated production lines, testing circuits, and room for future expansions. Once fully ramped up, the factory is capable of producing over 1.8 million vehicles annually.
**How Will BYD’s New Brazil Factory Impact Global EV Production?**
BYD’s Camacari megafactory in Brazil, which opened in October 2024, has an initial annual capacity of 150,000 units, expandable to 600,000 units at full potential. Situated on a former Ford site and built for $980 million, the factory leverages Brazil’s abundant clean energy resources to produce EVs locally. This move fosters technological growth, job creation, and strengthens BYD’s presence in emerging markets.
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### Key Takeaways
– **BYD’s Outbuilding Approach:** BYD aims to surpass Tesla in EV production volume this year, with 540,000 units already produced in 2024 by expanding facilities like Zhengzhou.
– **Innovative Features:** The Zhengzhou site includes a 15,300-square-meter racing circuit equipped with a 70-meter wading pool for rigorous testing of vehicles such as the Yangwang U8 SUV, enhancing durability standards.
– **Global Expansion:** The launch of BYD’s Brazil factory exemplifies the company’s strategy to localize production, boosting sovereignty, and adopting new technology in emerging markets.
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### BYD Gears Up for More Expansion in Zhengzhou
Planning documents reveal ambitious projects at the Zhengzhou megafactory, including enhancements to battery production lines managed by Zhengzhou Fudi Battery Co. These efforts have received government approval and aim to increase production efficiency to support the factory’s target of 1.8 million vehicles annually.
Chinese media reports emphasize that these expansions position BYD ahead of its competitors, even in a market facing slowdowns.
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### BYD Opens Mega Factory in Brazil
In mid-October 2024, BYD inaugurated its largest overseas facility in Camacari, Bahia, Brazil, investing $980 million to repurpose a former Ford site. Attended by Brazilian President Luiz Inácio Lula da Silva, the plant started operations with semi-assembled units and targets full production by late 2026.
The factory’s initial capacity is 150,000 units per year, with plans to scale up to 600,000 units. President Lula highlighted the project as a symbol of recovery and pride for the people of Camacari and Bahia:
> “This factory represents the recovery of the dignity of the people of Camacari and the people of Bahia. This is sovereignty and dignity.”
BYD CEO Wang Chuanfu praised Brazil’s clean energy advantages and open society for embracing technological innovation. Brazilian officials also noted the factory’s focus on battery safety and environmental sustainability, with potential future solar projects adding to its clean energy footprint.
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### Conclusion
BYD’s Zhengzhou megafactory exemplifies the company’s strategy to dominate the EV market through unmatched scale and cutting-edge innovation, outpacing competitors like Tesla in both size and output capacity. With ongoing expansions in battery production and the launch of international facilities such as the Camacari plant in Brazil, BYD is well-positioned for sustained growth in the global electric vehicle sector.
As the EV industry continues to evolve, stakeholders should closely monitor BYD’s developments for potential shifts in market dynamics and emerging opportunities in sustainable mobility.
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*Stay tuned for more updates on BYD’s global EV production strategy and industry impact.*
https://bitcoinethereumnews.com/tech/byd-expands-china-megafactory-and-brazil-plant-potentially-surpassing-tesla-in-ev-output/
Lakers’ Austin Reaves won’t play vs. Hawks due to groin injury
LeBron James is currently dealing with sciatica and has yet to suit up this season. Meanwhile, Luka Doncic has already missed four games due to finger and lower-body injuries. Adding to the Lakers’ woes, Austin Reaves is being ruled out for the third consecutive contest because of a right groin strain, according to NBA correspondent Marc Stein.
Despite these setbacks, the Los Angeles Lakers (7-2) are surging through adversity and climbing toward the top of the Western Conference standings. While it’s still early in the season for fans to get overly excited, there was a time when these key absences would have severely impacted the team’s performance.
Lakers head coach JJ Redick has done an excellent job laying down a solid foundation that his players can rely on when challenges arise. Even though a skilled scorer and impactful playmaker like Austin Reaves will be out of action against the Atlanta Hawks (4-4) on Saturday, there is reason to believe the Lakers can still thrive.
The Hawks have their own injury concerns, as All-Star point guard Trae Young is recovering from a sprained MCL. Redick can also depend on Doncic to step up on offense if necessary. However, a healthy Austin Reaves remains integral to the Lakers’ championship hopes.
Reaves, 27, is currently averaging 31.1 points on 48.9% shooting, along with 9.3 assists, 5.1 rebounds, and 1.4 steals per game. Beyond these impressive numbers, he has embraced his increased workload during LeBron James’ absence. If Reaves can maintain this outstanding form throughout the season, the undrafted native of Newark, Arkansas, is poised to sign a significant contract next summer—with a $14.8 million player option at the end of this season.
While Reaves is undoubtedly eager to return to the court, he will trust teammates like Luka Doncic, Deandre Ayton, Rui Hachimura, and the rest of the squad to secure a win in Atlanta.
Tip-off against the Hawks is scheduled for Saturday at approximately 8 p.m. ET.
https://clutchpoints.com/nba/los-angeles-lakers/lakers-news-austin-reaves-wont-play-vs-hawks-groin-injury