CZ: The founder of the prediction market predict.fun, invested and incubated by YZi Labs, previously worked at Binance

On December 4th, per the Coinbob Popular Address Monitor: Over the past hour, a whale wallet tagged "pension-usdt.eth" boosted its BTC short position with 3x leverage, totaling roughly $60 million in notional value (position size: $93.2 million; average entry price: $92,700). The position is currently floating at a $460,000 loss (1.4%) and ranks as the top BTC short position on Hyperliquid. Earlier today at 00:00, the address partially closed a $60 million BTC short position at break-even before adding to the short again this morning. Recently, the wallet has focused on swing trades with low leverage and large order sizes: it held positions for an average of ~8 hours this week, and has generated $6.6 million in monthly profits.

Dec. 4 — Onchain Lens data indicates a newly created wallet’s 20x-leveraged short position on BTC has been fully liquidated, resulting in a $3.2 million loss.

On December 4, The Block reported that CryptoQuant said in a Wednesday report Strategy recognizes a non-zero chance Bitcoin could face a deep or prolonged pullback. Setting a 24-month USD buffer signals the firm expects Bitcoin may trade sideways or decline over a longer period, and market acceptance of stock financing could drop going forward. CryptoQuant noted the “dual reserve model” — holding both USD and Bitcoin simultaneously — reduces the risk of forced Bitcoin sales during a market downturn. But this marks a strategic shift for Strategy, differing from its approach from 2020 through November 2025, when it consistently bought Bitcoin via stock and convertible bond issuances. “This shift impacts the Bitcoin market significantly,” CryptoQuant stated. “On one hand, Strategy’s reduced marginal Bitcoin buying pressure will weaken the strong demand channel seen in prior bull cycles. On the other, the USD reserve and newly disclosed hedging/selling capabilities sharply lower the

On December 4, Arkham announced via official channels that Arkham Swap is now live. All Arkham users can now seamlessly swap any token directly on the Arkham platform, with support for Ethereum, Base, BNB Chain, Polygon, and Optimism.

On December 4, The Wall Street Journal reported that OpenAI founder Sam Altman has repeatedly expressed interest in building a data center in space. Sources say Altman has explored an acquisition or partnership deal with a rocket company—a move that would put him in competition with Elon Musk’s SpaceX. OpenAI has reportedly been in negotiations over potential transactions in recent months, but recent discussions between OpenAI and the rocket company have become less active.

**December 4** Daniel Wang, founder of Liquid Capital (formerly LD Capital), posted on social media: “ETH has broken above $3200. I’ve been consistently buying the dip this whole time and remain bullish on the market’s next trend. It seems only Liquid Capital is a multi-force player in the space—going back to the same mockery we faced in the last cycle for buying the dip.” “For investors, though: no blind confidence—stick firmly to your own logic. When others are fearful, be greedy. Ethereum’s upgrade and DeFi’s ongoing growth are still wildly underestimated. The core of trend investing? Believe in the trend, buy the dip.”