Big ETH short! Whale @EmberCN is tracking a trader whoβs profited by betting against Ethereum. They just added another 20k ETH to their short (~$7.5M profit), now holding 40k ETH ($140M total) with 15x leverage. Short initiated 7/28 @ $3843.
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Visa & Mastercard aren't worried about stablecoins yet. Reuters reports execs say current stablecoin use is small vs. their $15T+ in transactions. They see potential in countries with unstable currencies.
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SharpLink Gaming is stacking ETH like MicroStrategy! π They now hold 464k ETH ($1.62B), and just added 14.9k ETH (~$53M) via Galaxy Digital after converting $1.08B USDC. Average buy price: $3,029. Current profit: $214M! π @EmberCN
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New ETH address 0xdfβ¦e2EF3 amassed 79.46K ETH (~$299M) in 3 days, currently down $22.06M. Just received 16.5K ETH (~$58.5M) from Galaxy Digital, lowering cost basis to $3,763.53. Data: @ai_9684xtpa
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DeFi groups (DEF, a16z Crypto, Uniswap Labs, Solana Policy Institute) back the β2025 Responsible Financial Innovation Act,β seeking clear DeFi regulation. Key goals: differentiate developers from centralized entities & prioritize federal law to foster innovation. (TheBlock)
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Ethereum celebrates 10 years as the US advances crypto market reforms. Hong Kong tightens stablecoin KYC. Bitcoin spot ETFs see 20 days of inflows. Trump-linked group proposes crypto guidelines. #crypto #ethereum #bitcoin #regulation
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China is increasing its legal focus on virtual currency crimes. The Supreme Peopleβs Procuratorate announced 6 research topics for 2025, largely centered on handling seized crypto assets, regulation, legal risks & evidence review. A clear signal of heightened scrutiny! #crypto #China #regulation
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Japanese firm Metaplanet plans to raise Β₯55.5B ($360M) via preferred stock to buy more Bitcoin. Amendment effective Sept 1, 2025, with issuance plan dependent on market conditions. #Bitcoin #Japan #Metaplanet
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CurveDAO member proposes pausing expansion to new L2s due to low revenue ($1.5k/day across 25 chains vs $2.3B TVL on Ethereum mainnet). Proposal suggests focusing dev resources on Ethereum & scrvUSD adoption. π§΅ #DeFi #CurveDAO
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Circle (USDC issuer) profits squeezed after Coinbase's Q2 report, says Mizuho. Binance partnership & $332.5M Coinbase payment key factors. Mizuho rates Circle βunderperformβ due to rate cuts & circulation risks. #USDC #crypto
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