News

Jinse Finance reported that Paxos Labs co-founder Bhau posted on the X platform, seemingly acknowledging the failure of the USDH bid and thanking the community for its support. He stated that when the USDH proposal was initially put forward, the goal was to directly participate and understand the Hyperliquid community's demand for an ecosystem stablecoin. Over the past week, his understanding of what truly matters has deepened. Although the proposal is now locked, this is only the beginning of ongoing dialogue. Paxos will continue to be a contributor to the ecosystem, with the goal not only to win governance votes but also to grow the ecosystem. Paxos' official X account posted that the validator voting for the USDH proposal may have ended, and restaking will be open until this Sunday. According to the latest USDH bidding data, Native Markets currently holds 70.31% of the staked share, while Paxos Labs ranks second with 16.79% of the staked share.

According to ChainCatcher, monitored by HyperInsight, the 40x short whale wallet address starting with 0xa523 has added another 135.11 BTC short positions. The current position is worth approximately $100.6 million, with an unrealized loss of about $2.585 million. This whale is using 40x leverage, with an average entry price of around $112,300. The current liquidation price is about $115,200, which is only 1.4% higher than the current price, significantly increasing the risk of liquidation. This address has lost $43.4 million in the past month, surpassing Aguila Trades, insider trader qwatio, and JamesWynn, becoming the biggest loser on Hyperliquid.