According to Lookonchain monitoring, prior to the price increase of HYPE, a short-selling trader was closing out their position while simultaneously selling HYPE. They unsecured 443,180 HYPE (US$27 million), sold 231,899 HYPE (US$14.15 million), and are still selling the remaining 211,281 HYPE (US$13 million). They still hold a short position of 141,500 HYPE (US$8.67 million), with a paper loss exceeding US$2.5 million.
According to Onchain Lens monitoring, whale Evaded (@ICanPlug) has closed out its long positions in ZEC and BTC, incurring a loss of $4.83 million. It subsequently opened a new short position of 940 BTC with 30x leverage, worth $71 million. Its cumulative losses have now exceeded $3.69 million.
🇮🇹 JUST IN: €34B Banca Sella becomes the first Italian bank able to offer crypto-related services.
Erik Reppel, Coinbase's Head of Engineering and founder of the x402 protocol, announced on the X platform that he has left Coinbase to start a new company. Erik will continue to be involved in the x402 protocol as a member of the foundation's technical steering committee and will serve as an advisor to Coinbase on agency business. Yuga Kohler will succeed him as Coinbase's Head of Engineering.
🚨 INTERESTING: If Tesla and SpaceX merge, Musk becomes the 5th largest corporate Bitcoin holder on Earth
According to Onchain Lens monitoring, the whale "pension-usdt.eth" has completely closed its short BTC position, making a profit of $3.56 million. It has opened a new short position of 50,000 ETH (worth $89 million), which has already generated a floating profit of over $4.5 million, bringing its total profit to over $39.6 million.
⚡️ INSIGHT: Stablecoins need confidential rails for corporate adoption.
Hathor Network says the next phase of stablecoin growth will require privacy-preserving infrastructure with selective disclosure for compliance.
Hathor Network says the next phase of stablecoin growth will require privacy-preserving infrastructure with selective disclosure for compliance.
According to TenArmorAlert monitoring, Ambient Finance on Ethereum suffered an attack, resulting in a loss of approximately $110,600.
Michael Saylor's 'Strategy' currently has a $14,000,000,000 unrealized loss on its Bitcoin investment.
Tom Lee's 'Bitmine' currently has a $10,500,000,000 unrealized loss on its $ETH investment.
Tom Lee's 'Bitmine' currently has a $10,500,000,000 unrealized loss on its $ETH investment.