Interview

Meet the Hong Kong Lawmaker Who Invited Coinbase to Town

Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.

Coindesk·2023/07/24 05:41

Flash

03:50
Data: An Ethereum ICO whale deposited 2,500 ETH to a CEX in the past 14 hours
ChainCatcher reports that according to on-chain analyst Ai Yi (@Ai 9684xtpa), a related address of the "2015 ICO 76,000 ETH whale" has deposited 2,500 ETH to a CEX in the past 14 hours, approximately $4.59 million, with a cost as low as $0.31. This associated address still holds 13,500 ETH, which may be sold off in the near future.
03:48
Hyperliquid: Deploying HIP-3, MVP Version Now Live on Testnet
According to a report by Jinse Finance, Hyperliquid announced on the X platform that the protocol will support the deployment of HIP-3, with the MVP version already launched on the testnet. This proposal involves features related to the perpetual market, including: 1. Deploying a new high-performance on-chain order book on HyperCore; 2. Deploying gas fees paid every 31 hours through a Dutch auction; 3. Deployers can set a fee share of up to 50%. Hyperliquid also stated that perpetual market deployers must maintain a stake of 1 million HYPE. If malicious market operations occur, validators have the right to conduct stake-weighted voting in the deployer's 7-day redemption queue, significantly slashing the deployer's stake, Additionally, the related deployment will be combined with HyperCore's multi-signature to support protocolized market deployment and operation. Technical details will soon be released in the API documentation and Python SDK.
03:44
Analyst: Suspected AIOT Whale Address Accumulates Small Positions Again and Adjusts LP, AIOT Contract Shows Negative Funding Rate for the First Time
ChainCatcher reports that according to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected AIOT whale address has once again made small-scale purchases and adjusted LP. 14 hours ago, this address spent 11.27 BNB to buy 6,734 AIOT (6,734 USD) and withdrew the previously injected bilateral liquidity, raising the range of the single-sided limit sell orders. - A single-sided limit sell order of 930,000 tokens was placed in the range of [1.1906, 1.2097] USD;- A single-sided limit sell order of 1,050,000 tokens was placed in the range of [1.2897, 1.3096] USD;- A single-sided limit sell order of 835,000 tokens was placed in the range of [1.3901, 1.4099] USD. This means the starting price for single-sided liquidity sales has been raised to 1.1906 USD, which is 3.2 times the current price. However, a certain exchange's AIOT contract has shown a negative funding rate for the first time, with an increase in short leverage positions, reminding users to be aware of the risks.