On the evening of October 7th, the cryptocurrency market surged, with most major coins showing gains.
Bitcoin Poised for Significant Growth
According to OKX data, Bitcoin (BTC) rose approximately 0.3% in the past 24 hours, trading around $124,900. Other notable movements include Ethereum (ETH) climbing over 3% to $4,742 and BNB surging more than 7% to $1,320.
Meanwhile, some coins experienced slight corrections, such as XRP dipping 0.3% to $2.90 and Solana (SOL) falling over 1% to $231.
As reported by CoinDesk, the $124,000 level serves as a critical support zone for Bitcoin. Breaking above $125,000 could propel prices toward $127,000–$128,500 in the short term. Conversely, losing the $122,000–$124,000 support range may trigger a minor correction before recovery.
Inflows from ETF funds and positive market sentiment are sustaining the upward trend, with the potential for Bitcoin to establish a new peak above $130,000 in the near future.
Bitcoin currently trades around $124,900. Source: OKX
Shark Bình Under Scrutiny
On October 7th, the Hanoi Police Department’s Investigation Agency summoned Mr. Nguyễn Hoà Bình, Chairman of NextTech Group (Shark Bình), for questioning regarding allegations filed against him.
Observations revealed that on the afternoon of October 7th, multiple police officers were seen entering the building at 18 Tam Trinh, where Shark Bình’s company is headquartered.
The company’s office, located on the third floor of the building, was bustling with police officers performing their duties. Numerous company employees were also present to cooperate with authorities.
A building security guard mentioned that police had been at Shark Bình’s office since the previous night, October 6th, with their operations extending into the following day.
During a press conference held by the Ministry of Public Security on the afternoon of October 6th, Colonel Nguyễn Đức Long, Deputy Director of Hanoi Police, confirmed that the department had received reports related to the AntEx cryptocurrency project.
Colonel Long stated that upon detecting social media and press reports about individuals losing money due to the AntEx project, as well as mutual accusations between Shark Bình and the AntEx development team, Hanoi Police directed specialized units to investigate and take strict legal action.
After reviewing reports and complaints, Hanoi Police confirmed receiving one case related to AntEx investments.
The complaint was filed by Mr. L.N.H. from Ninh Bình, who reported a loss of $2,000 (approximately 47 million VND).
Hanoi Police assured that all complaints would be processed in accordance with regulations, emphasizing that “there are no exceptions or restricted areas” in their investigations.
During a livestream on September 26th titled “Cryptocurrency Assets – Opportunities and Risks,” Shark Bình shared insights that quickly garnered public attention.
Subsequently, the AntEx Blockchain project resurfaced in discussions. AntEx had raised millions of dollars but later collapsed, resulting in significant losses for investors.
Shark Bình claimed to be a victim of the project’s failure, stating he was “ruthlessly drained.”
Notably, the project involved the NextTech/Next100 fund, founded by Shark Bình, as an investor.
Launched in September 2021, AntEx (AntEx token) was promoted as a “Made in Vietnam” Blockchain ecosystem, aiming to develop a decentralized exchange, digital wallet, and various fintech applications. However, shortly after its launch, AntEx’s value plummeted, erasing nearly all investor capital and causing substantial losses.
Crypto Addiction and Debt Drive Employee to Embezzle Billions from Can Tho Company
After embezzling over 2.6 billion VND, a sales executive at ADC Co., Ltd. in Can Tho City abruptly resigned and fled.
Police Presence Reported at Building Housing Shark Binh’s Company Headquarters
Late in the evening on October 6th, numerous Hanoi police officers arrived at a building on Tam Trinh Street, home to a company owned by Mr. Nguyen Hoa Binh (Shark Binh). The task force remained on site until 3 a.m. the following morning.
Over 500 Sales Staff in Mr. Pips Case Face Imminent Prosecution?
Approximately 550 sales employees within Mr. Pips’ network, who received salaries and commissions, are suspected of complicity and may face prosecution in the near future.
AntEx Digital Currency Project Funded by Shark Bình: Police Investigate for Strict Enforcement
Amidst the controversy surrounding the AntEx digital currency and Shark Bình, the Hanoi Police have launched an investigation to address the issue with a firm stance of “no exceptions, no forbidden zones.”
Deputy Minister Nguyen Duc Chi: Ministry of Finance Has Not Received Any Proposals from Businesses Regarding the Pilot Implementation of Cryptocurrency Transactions
According to Deputy Minister Nguyen Duc Chi, as of now, the Ministry of Finance has not received any proposals from businesses regarding the pilot implementation of cryptocurrency transactions. However, the Ministry is aware that several companies have already begun preparations for such initiatives.
