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- 00:48Addresses associated with Andrew Kang currently hold a total short position of $67.79 million.According to a report by Jinse Finance, on-chain analyst @ai_9684xtpa monitored that although BTC is falling, the short positions associated with Andrew Kang are currently at an unrealized loss. Last night, he made some moves and increased his short positions in both BTC and ETH. 1. Closed HYPE long position, with a loss of $123,000 2. Reduced part of ENA long position, with a profit of $1.615 million 3. Increased BTC short position to 362.49 BTC, approximately $39.97 million 4. Increased ETH short position to 6,995.72 ETH, approximately $27.81 million As of now, he holds a total of $67.79 million in short positions and $2.92 million in long positions, with a total unrealized loss of $605,000 in the account.
- 00:28Solana Company allows early investors to unlock PIPE financing round shares ahead of schedule, a certain exchange's stock price plunges 60%Jinse Finance reported that digital asset treasury company Solana Company (HSDT) announced on Monday the early unlocking of $500 million PIPE financing round shares, which were sold in September at a price of $6.881 per share, allowing early investors to sell their shares ahead of schedule. The company described this move as a "rip off the band-aid" strategy aimed at building a long-term shareholder base. Following the announcement, HSDT's stock price has dropped to around $6.50, plunging nearly 60% over three consecutive trading days, with a 17% drop on Monday alone. PIPE financing (Private Investment in Public Equity) has become the preferred method for emerging digital asset treasury companies to quickly raise funds for purchasing cryptocurrencies. However, as several companies have seen their stock prices crash after the unlocking period, the sustainability of this model in the crypto market is being questioned.
- 00:25Weekly registered users on Sun Wukong platform exceed 8,000, with total transaction volume surpassing 2.3 billions USDTChainCatcher reported that the decentralized perpetual contract trading platform SunPerp held a community AMA themed "Golden Cudgel Plan: The Future Vision of SunPerp Perpetual Contract Trading Platform," officially announcing its next stage development blueprint. The team stated that SunPerp will continue to focus on the Chinese-speaking market, creating a decentralized perpetual product that is affordable, easy to use, and encourages trading, enabling more ordinary users to easily participate in on-chain trading. Meanwhile, the platform's latest performance report is strong: the platform's total TVL has surpassed 69 million USDT (up 91% week-on-week), with over 8,000 new registered users in a week (up 50% week-on-week), and cumulative trading volume has reached over 2.3 billion USDT. This series of growth data demonstrates SunPerp's strong momentum and user trust in the Chinese perpetual contract trading market. The team stated that in the future, the "Golden Cudgel Plan" will remain at the core, continuously advancing in three major directions: trading depth, product experience, and community co-construction, to build a truly "free, fair, and efficient" on-chain perpetual trading platform for global Chinese-speaking users.