News

According to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) has monitored that the well-known whale Whale Evaded (@ICanPlug) has increased their 25x leveraged ETH long position to 18,100 ETH (approximately $38.5 million). At the same time, they continue to hold 10x leveraged long positions in ZEC and HYPE, with current unrealized profits exceeding $7.6 million.

Foresight News reported that billionaire entrepreneur and former NBA Dallas Mavericks owner Mark Cuban stated on the Front Office Sports podcast that he has sold most of his Bitcoin holdings, as he believes Bitcoin has failed to effectively hedge against risks caused by a weaker US dollar and geopolitical turmoil, especially during the recent Iran conflict. “When the Iran war triggered this chaos, Bitcoin was always regarded as the best alternative to fiat currency devaluation, and I always thought it was superior to gold. However, while gold prices soared, Bitcoin dropped. And every time the US dollar depreciates, Bitcoin should have risen, but it hasn’t.”

The memory price crisis has started to impact major smartphone manufacturers, with many brands either raising the prices of new products or reducing their configurations. Additionally, the outbreak of war in Iran has pushed energy prices to soar, further dimming economic growth prospects. These dual negative factors are suppressing consumers' willingness to purchase smartphones, and by the end of this quarter, market consumption weakness has become particularly evident.