「Whale Friend」 Further Increases Ethereum Long Position by 25x, Liquidation Price at $2,818.30

On November 21st, the co-founder of Alliance DAO, QwQiao, restated his view in a post, "The next bear market (whenever it may arrive) will be more severe than what most people here anticipate. Currently, there is a large number of 'dumb money' that knows nothing about buying crypto spot and ETFs. Such a situation has never had a good outcome." The market may need another 50% deep correction to "shake out" the positions held by these people before the market can re-establish a solid foundation and continue its super cycle. Placeholder partner Chris Burniske also expressed a similar view, stating, "The era of DAT selling has only just begun. Just as it rose all the way, it will now fall all the way."

On November 21st, according to EmberCN's monitoring, the "CZ Whale's Counter Trade" whale, which has a long position with a value of $2.61 billion, is currently facing an unrealized loss of $31.84 million. The liquidation prices for the long position are as follows: ETH at $2,528 and XRP at $1.55. "After closing his short position on ASTER a few days ago, he made a decision to go long on ETH and XRP, opening a position worth nearly $3 billion. The recent price drop has led to significant losses."

On November 21st, according to the monitoring of OnchainLens, in the past 6 hours, the U.S. government has transferred some seized funds from old addresses to new wallets. These transfers include: - FTX–Alameda: 15,131,604 TRX, with a value of $4.2 million; 545,095 FTT, worth $348,940; 744,213 KNC, valued at $206,850; and 273 FET, which is worth $84. - Bitfinex Hacker: 1,066 WETH, with a value of $3.01 million.

On November 21st, Cathie Wood and Ark Invest once more purchased 380,244 shares of Bitmine (BMNR) today. Previously, BlockBeats reported that this Wednesday, Ark Invest bought $17.7 million worth of Circle stock, $16.9 million worth of Bullish stock, and $7.6 million worth of Bitmine stock through its three ETFs. They enhanced their holdings of Coinbase, Circle, and Bullish on Tuesday. And on Monday, they increased their Bullish holdings by approximately $10.18 million.

On November 21st, Faraday Future announced that QLGN, a Nasdaq-listed company which was strategically invested by FFAI, has been renamed AIxCrypto (AIXC) and disclosed its new three major business areas. Among them, AIXC will engage in Stock Tokenization RWA business. The first project is the stock tokenization of FFAI. The company intends to purchase the first batch of FFAI stocks worth $5 million through an independent third party to assist Faraday Future in obtaining Web3 financing at a lower cost compared to Web2.

On November 21st, the Investigative Committee of the Argentine Congress released its final report, alleging that President Mile provided "key cooperation" during the event of the LIBRA token collapse and recommended that Congress assess whether this constitutes malfeasance. Mile had previously promoted the LIBRA token on his personal social media accounts. Subsequently, 8 wallets associated with the LIBRA team cashed out $107 million, resulting in losses for 114,410 investor wallets. The investigation revealed that he had also promoted a cryptocurrency called the KIP Protocol. After its launch in December 2024, there was a situation where its liquidity pool was drained. The committee believes that this shows the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV) to facilitate these projects. Currently, Mile and American entrepreneur Hayden Davis, along with other founders, are facing judicial investigations in Argentina and a class-act