Ethereum Drops Below $4300

LUMIA has surged 100% recently. 6 wallets opened 3x longs on a total of 11.7M $LUMIA ($1.9M) on @Aster_DEX, with a combined unrealized profit of ~$949K. The highest return exceeds 160%.

According to Lookonchain monitoring, six wallets hold a 3x leveraged long position on LUMIA, with a total position of 11.7 million tokens valued at approximately $1.9 million. Their combined unrealized profit currently totals around $949,000, with a maximum return exceeding 160%.

LUMIA has surged 100% recently. 6 wallets opened 3x longs on a total of 11.7M $LUMIA ($1.9M) on @Aster_DEX, with a combined unrealized profit of ~$949K. The highest return exceeds 160%.

Coldcard announced it is investigating a phishing link incident involving its official X account. The related post has been deleted, and the company is reminding users not to access or interact with the link. The account has used offline two-factor authentication (2FA) since 2017 and strictly restricts access permissions. Coldcard has contacted the X platform and is reviewing all account access records; verified updates will be released via its official account later.

Crypto analyst Darkfost posted on X that Bitcoin has entered a phase of sharply intensifying selling pressure. Notably, this refers to potential selling pressure, not actual realized selling activity. The “Seller Exhaustion Indicator” combines profitable supply and volatility (returns) to distinguish between market risk and stable phases, serving as a valuable metric for short-term market analysis. As the recent rally pushed Bitcoin’s price above $85,000, the indicator signals the market is entering a stage where selling pressure could escalate. The indicator’s shift has been quite sudden, especially evident among short-term holders. Since volatility tends to weaken over time, excessive focus on specific numerical values is unwarranted, though the overall trend is clear. Currently, the indicator has hit a critical level matching the one that signaled a local top in this cycle. Moving forward, it remains to be seen whether market demand can improve to limit potential pullbacks; if volatility contracts accordingly, that would also help the indicator return to normal.

According to Butler’s monitoring, Papertrade was exploited by an address to earn around $1.28 million in profits just roughly 8 hours after its launch. The same trader has accumulated over $13 million in historical profits on Hyperliquid, with a trading volume of $14 billion. Since Papertrade prices its trades based on Hyperliquid’s real-time ETH price, the attacker repeatedly opened large long and short positions on Papertrade while trading ETH on Hyperliquid, briefly pushing prices up or down before closing positions for gains. Data shows the trader executed a total of 305 trades, 296 of which were profitable, giving a win rate of approximately 97%. The average holding time was just 98 seconds, with cumulative trading profits peaking at $1.73 million. However, the attacker later opened 30 short positions on Papertrade at $2507.35, with a notional value of around $297 million, and sold roughly 6,600 ETH on Hyperliquid to drive the price down to $2504.4, but this attempt to close the positions failed. Afterward, ETH’s price rose to $2509.95, triggering full liquidation of the 30 short positions, resulting in a loss of roughly $450,000. The attacker ultimately netted approximately $1.28 million in profits. The Papertrade team may have curbed the attack by blocking the attacker’s position closures, but this is only speculation and has not been confirmed. Analysts noted that if the platform continues to directly use Hyperliquid’s BBO (Best Bid Offer) as its pricing basis, underlying manipulation risks will remain. They recommend adopting Hyperliquid’s official oracle price, which aggregates quotes from multiple trading platforms, to reduce risks from manipulation of a single order book.