A whale has bought back all 8000 ETH that they were shorting to close their position, resulting in a loss of $208,000.

On April 25th, the Office of the United States Trade Representative stated on Friday that it is maintaining "continuous contact" with Japan and other countries regarding alternative reciprocal trade arrangements that have the potential to eliminate or reduce the current 10% tariff level imposed on the majority of countries. A spokesperson for the Office of the United States Trade Representative indicated in an email statement that these negotiations are both substantive and technical. However, it is ultimately President Donald Trump who will make the decision as to whether to pursue alternative arrangements with any particular country. (FXStreet)

On April 25th, based on LookOnChain's monitoring, a trader has achieved profits exceeding $1 million by trading Meme coins in the past 7 days. The trader has traded a total of 88 tokens, with a winning rate of 71.59% and an average holding time of less than 1 hour.

Alert: On April 25th, as per the monitoring of Onchain Lens, pump.fun has just transferred 117,913 SOL to Kraken, which is approximately equivalent to $18.26 million.

On April 25th, as per official channels, ZKsync put out a statement saying that on April 13th, a hacker fraudulently minted 1.1 billion ZK tokens, which amounted to $5 million. The hacker did this from the Merkle distribution contract that was meant for ZKsync's airdrop in June 2024 by using a stolen admin account. The Matter Labs team verified the extent of the incident on April 15th and started an investigation with the ZKsync Association and Foundation. The incident was confined to three particular airdrop contracts, and all the tokens had already been minted, making it impossible to further exploit through the admin key. On April 23rd, after the ZKsync Security Council proposed a "Safe Harbor" solution, the hacker returned all the funds. The funds are currently being held in custody by the Security Council, and the specific course of action will be decided through community governance.

On April 25th, Glassnode put out a post saying that as the Bitcoin price makes a comeback, the market leverage ratio is on the rise. This increases the likelihood of intensified volatility through liquidation and stop-loss. Despite the increase in open interest positions, the average funding rate has dropped to -0.023%, suggesting a market bias towards short positions. Bitcoin traders seem to be shorting this round of the upward trend. If the bullish momentum continues, it may trigger a short squeeze situation. The 7-day moving average of the long funding rate premium has decreased and is continuing to trend downwards. This indicates a reduced market demand for Bitcoin long exposure, further strengthening the current view that perpetual contract positions are mainly short.

Meet a smart trader who made over $1M in profit from trading memecoins in the past 7 days! He traded 88 tokens with a win rate of 71.59%. His average holding time was under 1 hour, and @gmgnai labeled him a paper hands trader.