The giant whale raids ETH! Epic 140 million short order showdown#crypto#binance#okex

➤ Binance Exchange | Permanent 20% off on handling fees: https://www.binance.com/zh-CN/join?ref=M26PWRVQ ➤ OKX Exchange | Permanent 20% off on handling fees: https://www.okx.com/join/38991983 Okay, dear old men in the currency circle, let’s talk about some hardcore today! In this circle, there are really big dramas performed every minute, which is much more exciting than watching the drama! Let’s talk about the United States first. The Senate made a big job and passed the “Genius Act”! The name of this bill sounds quite intimidating, "Genius Act"? What is the core? If the stablecoin issuer or custodial bank goes bankrupt, you who hold the stablecoin have priority claims for the assets behind it (such as US Treasury bonds)! It sounds pretty, right? But Georgetown University's law professor fired directly, saying that this was essentially "using the money of ordinary bank depositors to subsidize stablecoin holders"! Why? Think about it, if the bank goes bankrupt and liquidate, there are only so many assets. If users of stablecoin take it first, will the ordinary depositors ranked behind lose a lot? This bill will still pass the House of Representatives. If it becomes, banks can issue compliant stablecoins, which is a turning point to correct the stablecoins, but will the interests of traditional banks and depositors be sacrificed? This wave of operations is really a bit of a "robbery of the poor and helping the rich", and subsequent fights are definitely indispensable! Let’s look at Ethereum again, there are quite a lot of troubles! The detective Lookonchain on the chain revealed a lot of news. Several giant whale bosses are really good at art and brave, and they play with super high leverage shorting ETH! An address, just smashed 3.74 million USDC, 15 times leverage short ETH, and the position is worth $54.3 million! Another is even more ruthless, with 3.25 million USDC, 25 times short leverage, and a position of 48 million US dollars! There is also an address, 15 times the leverage is empty for more than 41 million dollars! Together, the short orders of these three big guys are worth more than US$140 million! What a good guy, this scene is really awesome! Who has ETH been provoking whom recently? Let these big guys concentrate their firepower so much and bearish? The market sentiment became tense instantly, and everyone was staring at the ETH price to see if it was the Air Force smashing through the floor or if the multiple troops fought back! However, not all the big guys are bearish. Listed companies have begun to stock up quietly! BTC Digital, which is listed on Nasdaq, directly announced that it has established a "strategic reserve" of US$1 million! Pay attention to this word, "strategic reserve", it sounds very stylish, and people say that it needs to continue to expand! This is very obvious. If you are optimistic about the long-term value of ETH, you can stock up on the bottom of the box first. On the other hand, Japanese listed company Remixpoint is not idle either. It just increased its holdings by 116.72 BTC, and now the total holdings have reached 1168.28 BTC! Listed companies buy and buy with real money. This signal is worth pondering. Do you think that big cakes and ether are almost down, and it’s time to buy at the bottom? There is another thing that is quite dramatic! The hacker who hacked GMX before actually found out with conscience? Or is it forced to be under pressure? The latest news is that he has returned a total of stolen assets worth US$40.5 million! Including 10,000 ETH and 10.5 million FRAX! Although he still kept 1,700 ETH (about 5.12 million US dollars) in his hands, this return strength is also considered a clear stream in the hacking world? Is it considered "there is also a way to steal"? GMX has recovered a lot of losses, and the community can probably breathe a sigh of relief. In terms of supervision, Coinbase has been in dispute with local governments again! This time, I am suing the governor of Oregon! Why? Coinbase said the Oregon government suddenly changed its face in April and sued them without warning, saying that 31 token transactions on the platform are securities transactions! The key is that this attitude was not the case before! Coinbase feels that this policy change is too outrageous and has not been publicly discussed and rule-making at all, which directly affects hundreds of thousands of users in the state. Therefore, the prosecution is not for the lawsuit itself, but for the state government to disclose the records and basis behind this major policy turn! This operation is tough! Just turn over the table and see what is sold in the regulatory layer! The trend of traditional capital squeezing into the crypto mining circle is also very obvious. Sports announced on the signing day of the US listed company that it has submitted a draft confidential registration statement for the merger with One Blockchain, a Bitcoin mining company. The mining company's revenue last year was US$26.8 million, making a net profit of 5.7 million, and its strength was OK. After the merger, the new company will focus on crypto mining, AI and high-performance computing hosting. Listed companies are very determined to transform into the All-in mining circle. It seems that they are really optimistic about this cake. Finally, the US Digital Assets Director said that the next week will be a key node in the development of US cryptocurrencies! Combined with the previous "Genius Act" that was about to pass the House of Representatives, there were also lawsuits between Coinbase and the state government, and there may be other regulatory actions... This week, the situation may indeed change! Is it a blessing or a disaster? We have to fasten our seat belts and keep an eye on them! Anyway, there is never a shortage of stories in the currency circle. Whale is gambling with high leverage, listed companies buy at the bottom and stock up on goods, regulatory policies are being pulled back and forth, and hackers stage a drama of "repaying money"... The screenwriter dares not write this script like this! As for our little slap, watch more and move less, keep your keenness, and while watching the show, you must also protect your pockets! The bigger the wind and waves, the more stable you need! The meeting ends!