News

On December 18, a newly created wallet address minted 12.1 million USDC on Arbitrum, then deposited 5.1 million USDC into Hyperliquid, and purchased 113,000 HYPE (approximately 3 million USD) as well as 0.5 BTC (about 43,000 USD). This wallet is continuing to buy around 2 million USD worth of HYPE over the next 50 minutes using a TWAP strategy, with approximately 7 million USDC still remaining on the Arbitrum network.

Ethereum co-founder Vitalik Buterin stated that an important but long underestimated form of "trustlessness" is to enable as many people as possible to truly understand how the entire protocol operates from start to finish. If only a few people have a complete understanding, the system still inherently carries the risk of centralized trust. Vitalik pointed out that Ethereum still has room for improvement in this regard and in the future needs to enhance overall comprehensibility by simplifying protocol design and reducing system complexity. This will not only help expand the group of people who can participate in and audit the protocol but also enhance the transparency, security, and long-term resilience of the Ethereum ecosystem.

BlockBeats News, December 18th, according to MLM Monitor, a newly created wallet address minted $12.1 million USDC on Arbitrum, then deposited $5.1 million into Hyperliquid, and purchased 113,000 HYPE tokens (approximately $3 million) and 0.5 BTC (approximately $43,000). Currently, the wallet is executing a TWAP strategy to continue buying approximately $2 million worth of HYPE in the next 50 minutes, while still holding around $7 million USDC on the Arbitrum network.