ZEC Sees Largest Short Position on Hyperliquid in Over a Month, with Floating Losses Narrowed to $6.5 Million
On November 13th, according to the monitoring of
HyperInsight, the largest short position of ZEC on Hyperliquid has been held for more than a month. The unrealized loss has shrunk from a peak of more than $20 million to $6.5 million. The opening price is $336 and the current ZEC price is $453, making the position worth up to $25 million. The address initiated the short position of ZEC on October 11th and continuously added to the position during the price increase to lower the average entry price, and there has been no closure of the position so far.
This whale also opened a 15x leveraged short position of ETH worth $27 million, and it is currently showing an unrealized profit of $5.5 million with an opening price of $4,094.
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Detailed Explanation of SEC Chairman's Cryptocurrency Asset Classification: NFTs, Utility Tokens, and Digital Tools Are Not Securities
On November 13th, the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, elaborated today on his cryptographic "Token Classification Framework" plan to clearly differentiate which cryptocurrencies are regarded as securities. In the SEC's press release, Paul Atkins mentioned his current viewpoints on various types of crypto assets. It can be summarized as that Atkins only emphasizes that tokenized products are securities. Non-fungible tokens (NFTs), network tokens (ETH, SOL), and "functioning" "digital tools" (such as identity verification) are not considered securities. His views are detailed as follows:
"Digital Commodities" or "Network Tokens" are not securities. Their value is fundamentally related to the programmatic operation of a "fully functional" and "decentralized" cryptographic system and arises from it, rather than from the expected profits of others' key managerial efforts.
"Digital Collectibles" are not securities. These assets are intended for c
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Strategy mNAV Falls Below 1, Market Cap Drops Below $47 Million Worth of Held Bitcoin
On November 13th, for Strategy (MSTR), its mNAV (Corporate Value-to-Bitcoin Holdings Value Ratio) has dropped below 1 and is now at 0.993.
Based on market data, Strategy witnessed a 2.16% intraday decline today. It has a market capitalization of $65 billion. Currently, it holds 641,692 bitcoins, which are worth $65.047 billion. The average buy-in price per bitcoin is $74,085.
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"Pal" ETH and UNI Longs Liquidated Multiple Times, Total Account Losses Increase to $14.21M
On November 13th, according to the monitoring of HyperInsight, during the recent downturn, the long positions of "Buddy" Huang Lizheng in ETH and UNI were liquidated multiple times. He lost $446,000 today, increasing the total account loss to $14.21 million. The current positions are as follows:
A 25x long ETH position worth $2.2 million, with an entry price of $3,482.52 and a liquidation price of $3,361;
A 10x long UNI position worth $230,000, with an entry price of $9.57 and a liquidation price of $7.3.
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The probability of a government shutdown ending in the United States within the next 15 days has surged to 98%.
On November 13th, based on Polymarket data, the likelihood of "the end of the US government shutdown from November 12th to 15th" on the platform has risen to 98%, while the probability of it ending after November 16th is 2%.
The US House of Representatives is scheduled to vote on the bill to end the government shutdown at around 8 a.m. the following day (Beijing time).
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