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Analysis: Many whales participating in PUMP contract transactions on Hyperliquid are engaged in low-leverage trading or primarily focused on arbitrage.

7 hours ago

On July 10th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), after Hyperliquid launched the PUMP contract, the majority of whales mainly adopted the strategy of "hundreds of millions in collateral + 1x leverage." In fact, there was a high probability that they were aiming for the public sale arbitrage on the 12th or seeking quick profits. Currently, three whales have cumulatively deposited 11 million USDC in collateral, but have only opened a short position of 2.394 million US dollars. Due to the absence of a reference price, the current HYPE is in a vulnerable state of manipulation. If, like this morning at 11:30, it drops to $0.015, then even with 1x leverage and insufficient collateral, it would be liquidated. Among them, the address 0xAc7...D53ce is the most aggressive. It has 4 million USDC in collateral and opened a 2x short position, holding $1.074 million. The opening price is $0.00504 and the liquidation price is $0.02138.
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Coinbase Teams Up with Perplexity AI to Provide Real-Time Crypto Data, Aiming to Empower Intelligent Trading Decisions

On July 10th, according to official information, Coinbase announced a partnership with the artificial intelligence search platform Perplexity AI. The purpose of this partnership is to provide traders with real-time and reliable cryptocurrency market data in order to enhance the efficiency of trading decision-making. The first phase of functionality has become available: Perplexity has integrated Coinbase market data (including the COIN50 index) and incorporated it into the market analysis feature of its new browser, Comet. Users can now track price fluctuations in real time and gain a more in-depth understanding of the underlying logic. The second phase is about to commence: Coinbase data will be integrated into Perplexity's AI conversation interface, enabling users to easily monitor market dynamics, filter trading opportunities, and analyze token performance.

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Cardano Foundation: Holds Over $650 Million in Crypto Assets, Bitcoin Accounts for 15%

On July 10th, according to CoinDesk, the Cardano Foundation issued a report indicating that with the surge in cryptocurrency prices, the value of its held crypto assets has gone up from $478.24 million to $659.1 million. Currently, Bitcoin makes up approximately 15% of its crypto holdings, while the share of ADA in its held assets has decreased from 83% to 77%. The Cardano Foundation stated that its main source of income at present is staking rewards. By 2024, the foundation will hold 5.992 billion ADA and has received a total of 17.1 million ADA through staking, with a return rate of 2.7%.

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K Wave Media has reached a $500 million convertible bond agreement with Anson Funds, intending to use 80% to purchase BTC.

On July 10th. According to GlobeNewswire, K Wave Media Inc. (traded on NASDAQ: KWM) announced today that it has reached a convertible bond agreement with Anson Funds. As per the agreement, Anson will offer up to $500 million in financing support. KWM has committed to using at least 80% of the net proceeds to purchase Bitcoin (BTC). The first tranche of financing will be issued and sold to Anson Investments Master Fund, LP and Anson East Master Fund LP through a securities purchase agreement, amounting to $15 million in senior secured convertible bonds and warrants.

4 minutes ago

Suspected Staking Service Provider Arthapala's address once again received 6440 ETH transferred to a CEX, totaling approximately $17.98 million.

On July 10th, as per on-chain analyst Ai Yi (@ai_9684xtpa), the address of the suspected staking and validation service provider Arthapala has deposited an additional 6440 ETH into a trading platform within the past 6 hours. This amount is valued at $17.98 million.

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Cumberland's Associated Address Withdraws 25,000 ETH from Binance, Worth About $69.56 Million

On July 10th, based on the monitoring of LookOnChain, a wallet address connected to Cumberland has just made a withdrawal of 25,000 ETH from Binance (approximately $69.56 million).

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GameSquare Invests $5 Million to Acquire 1818.84 ETH

On July 10th, according to Chainwire, GameSquare Holdings, Inc. (NASDAQ: GAME) announced today that it has successfully completed a purchase of $5 million worth of Ethereum (ETH). In total, it acquired approximately 1818.84 ETH at an average price of $2749 per ETH. Yesterday's report indicated that the board of GameSquare has approved the establishment of an Ethereum treasury in phases, with a total amount of up to $100 million.

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