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05:31
HyperLiquid team: The short-selling address discovered by the community belongs to a former employee who has left the company
Foresight News reported that a HyperLiquid team member posted on Discord, stating, "Regarding recent community inquiries about the short-selling address starting with 0x7ae4: this address belongs to a former employee who was dismissed in the first quarter of 2024. This individual is no longer associated with Hyperliquid Labs, and their actions do not represent the standards and values of our team."
05:21
5 wallets deposited 8.84 million LIGHT, worth approximately $8.2 million, into Bitget
Foresight News reported, according to monitoring by Lookonchain, 5 wallets deposited 8.84 million LIGHT, worth approximately $8.2 million, into Bitget within the past 7 hours. LIGHT surged from $1.35 to $4.75 over the past 3 days, then crashed to below $1 in less than 2 hours. In the past 24 hours, the liquidation amount for LIGHT reached $16.17 million, second only to BTC and ETH.
05:15
The UNIfication fee switch proposal for Uniswap has reached the 40 million vote threshold for approval and will take effect this week.
Foresight News reported that Uniswap's fee switch proposal, UNIfication, has reached the 40 million vote approval threshold and will take effect this week. As of Monday, the proposal had received nearly 69 million votes in favor, with voting set to end on December 25. After the proposal passes, there will be a two-day timelock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering the burning of UNI tokens. The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider returns. These changes are expected to significantly improve the supply and demand dynamics of the UNI token and enhance its long-term holding value.
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