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Vitalik Lambasts SBF: FTX Completely Deviating from the Ideals Ethereum Represents

2 hours ago

On November 18th, as reported by Decrypt, Vitalik took the main stage at the Ethereum Devcon Argentina conference on Monday and was highly critical of former FTX CEO SBF. Vitalik pointed out that FTX has completely strayed from the ethos represented by Ethereum: he believes that Ethereum is decentralized, "cannot be evil," and is a community. In contrast, FTX relies on a centralized structure, requiring users to "trust the platform not to be evil."
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Hong Hao: Bitcoin May Fall to the $70,000 Range to Find Strong Support

On November 18th, according to Bloomberg Businessweek's annual data, two-time China's most influential economist Hong Hao posted on Xiaohongshu, indicating that Bitcoin, which has fallen to $92,000, may only find significant support after dropping to the $70,000 range.

6 minutes ago

JUST DAO announces that USDJ has ceased operations, and the original stablecoin system has been upgraded to the TRX Fixed Rate Model.

On November 18th, JUST DAO issued an Announcement on the Suspension of Operations and Transition of USDJ, stating that USDJ has successfully ceased operations, and the original stablecoin system has been updated to a fixed exchange rate model with TRX. In the future, the exchange rate of USDJ will be 1 USDJ = 1.5532 TRX.

6 minutes ago

On-Chain Whale Activity Overview: The 'Buddy' Faces Liquidation Again but Holds Strong on Long Position, $2.63 Billion Whale in DeFi Lending Nearing Margin Call

On November 18th, as monitored by Hyperinsight (https://t.me/HyperInsight), the following is a summary of the on-chain whale activities in the past 24 hours: Whale "Buddy" Huang Lizheng's 25x leveraged long position in ETH has been liquidated multiple times. He has now accumulated losses exceeding 19.35 million US dollars. Currently, he is holding 368.88 long ETH, worth 1.11 million US dollars, with a liquidation price of 2963.3. In the past 24 hours, a whale spent 31.16 million USDT to purchase 10,275 ETH at an average price of 3032. Since November 12th, the whale has spent 41.89 million USDT to purchase 13,612 ETH at an average price of 3077. A whale that accumulated 263 million US dollars worth of WBTC and ETH through a flash loan three months ago is on the verge of liquidation. The whale started liquidating and reducing positions today to lower the liquidation price. It sold 1,316.8 ETH 4 hours ago for 4.017 million USDT to repay the loan. It still has a debt of up to 146 millio

6 minutes ago

Ride-Hailing Giant Grab Partners with StraitsX to Explore Building a Web3 Wallet and Stablecoin-Based Settlement Layer

On November 18th, the Southeast Asian ride-hailing giant Grab signed a Memorandum of Understanding with Singapore-based stablecoin payment infrastructure provider StraitsX. The two parties jointly plan to explore the construction of a Web3 wallet and a stablecoin-based settlement layer in Asia. The partnership intends to integrate Web3 wallet functionality into the Grab app. This will enable users to hold and use stablecoins like XSGD and XUSD for transactions. At the same time, it will also allow GrabPay merchants to accept stablecoin payments from both local and international customers.

6 minutes ago

Multiple Institutions Reduce Holdings in Nvidia: SoftBank Fully Exits, Realizing $5.8 Billion, Bridgewater Reduces Position by 65.3%

On November 18th, several institutions have recently decreased their holdings of NVIDIA stock. These include: Japanese financial giant SoftBank announced that it had sold its NVIDIA shares in October, realizing a cash-out of $5.83 billion. In its latest financial report, SoftBank stated that it will invest an additional $22.5 billion in OpenAI through Vision Fund 2 in December. The holdings report of the world's largest hedge fund, Bridgewater, shows that as of the end of the third quarter of this year, Bridgewater held 2.51 million shares of NVIDIA, a 65.3% decrease from 7.23 million shares at the end of the second quarter. Earlier in the second quarter of this year, Bridgewater increased its holdings in NVIDIA by as much as 154.37%. This reduction in holdings indicates Bridgewater's cautious outlook on NVIDIA's future performance. Billionaire Peter Thiel has completely liquidated his holdings of NVIDIA. Filings show that Peter Thiel sold approximately 537,742 shares of NVIDIA between

6 minutes ago

A Whale with a $263 Million Position Faces Liquidation, with Unrealized Losses of $65.49 Million

On November 18th, according to EmberCN's monitoring, a whale that accumulated worth $2.63 billion of WBTC and ETH through a flash loan three months ago is on the verge of liquidation. Today, the whale has begun to sell off assets to lower the liquidation price. Four hours ago, they sold 1,316.8 ETH and exchanged it for 4.017 million USDT to repay the loan. Currently, they still have a borrowing of up to $146 million USDT on Aave, with a health factor of only 1.05. If BTC and ETH drop by another 5%, their position will face liquidation. The whale's cost basis for WBTC is $116,762 and for ETH is $4,415, resulting in an unrealized loss of up to $65.49 million.

6 minutes ago