After Multicoin Co-Founder Kyle's Departure Announcement, the Cryptocurrency Community Sounds the Talent Drain Alarm
On February 5th, Multicoin Capital co-founder Kyle Samani announced he’s stepping down from the firm, while continuing to serve as Chairman of Forward Industries — the largest SOL treasury company. Crypto industry practitioners and key opinion leaders (KOLs) quickly weighed in on the news.
Prominent Solana supporter and crypto KOL @SweeperSolana noted: “Kyle’s long been SOL’s biggest advocate. His departure caught many off guard, and it’s sparked curiosity about whether this signals a new wave of talent movement in the space.” Other community voices added: “Multicoin’s investment focus on the Solana ecosystem won’t shift with one person’s exit — Kyle himself still holds an ultra-bullish view on Solana.”
Crypto KOL @sjdedic commented: “Kyle Samani is one of the smartest — and possibly most accomplished — investors in crypto. His departure, driven by lost confidence in the industry, underscores how draining and fragmented this field has been for so long. Now’s the moment to truly t
10 minutes ago
「Long-Term BTC Short」 Whale Adjusts Order, $59,138 「Buy the Dip」 BTC Amount Halved to 100 Coins
On February 5, HyperInsight tracking shows the "BTC Long-Term Short" whale (address 0x5d2f4) has adjusted its BTC limit orders. Current order book data indicates the whale will buy 100 BTC if BTC drops to $64,967, and an additional 100 BTC if it falls to $59,138.
Previously, the whale entered a 20x leveraged short position of 499.91 BTC at a BTC price of $111,499.3. Its current short position has been reduced to 68.33 BTC, while still holding a floating profit of $2.734 million. Additionally, the whale has earned $10.0048 million via funding rate settlements.
10 minutes ago
The U.S. House of Representatives Initiates Investigation into $500 Million Transaction Involving a Member of the UAE Royal Family
On Feb. 5, The Block reported that U.S. Rep. Ro Khanna—a senior House Democrat—has launched an investigation into World Liberty Financial (WLFI), a crypto project linked to Donald Trump.
Earlier reports noted the project received a $500 million investment from an entity tied to a member of a UAE royal family.
Khanna has sent a letter to WLFI co-founder Zach Witkoff requesting detailed information and related documents. The letter cites a Wall Street Journal (WSJ) report that Aryam Investment 1—controlled by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security advisor and brother to the country’s president—holds a 49% stake in WLFI.
10 minutes ago
On-chain HYPE Long vs Short Leaderboard once aligned at the $24 starting line, now showing a difference of over $25 million in P&L
On February 5, **HyperInsight monitoring data** shows the largest bull and bear whales in on-chain HYPE holdings both entered positions around the $24 price level, starting from the same baseline. Amid subsequent market volatility, their P&L directions diverged sharply:
- The **largest bull whale** (tied to "Hyperliquid early contributor Loracle") holds ~$50.3M in positions, with an average entry price of $24.37 and ~$15.3M in unrealized gains (+149%).
- The **largest bear whale** (address 0x40e) holds ~$36M in positions, with an average entry price of $24.86, ~$10.2M in unrealized losses (-142%), and a liquidation price of $48.8.
The gap between their unrealized P&L exceeds $25 million.
### Notes on U.S. English adaptation:
1. Uses **concise, active phrasing** (avoids passive voice)
2. Employs crypto-native terms: *bull whale* (long whale), *bear whale* (short whale), *P&L* (profit/loss), *unrealized gains/losses*, *liquidation price*
3. Simplifies number formatting: ~
10 minutes ago
Vitalik: New EVM Chains Should Be Innovative and Faithful to Ethereum, Avoid Blindly Copying
On February 5, Ethereum co-founder Vitalik Buterin noted in a post that many new EVM-compatible chains either copy existing architecture or connect to Ethereum via an optimistic bridge with a one-week delay. This approach is like blindly copying Compound’s governance model—comfortable in the short run, but it stifles innovation long-term, pushing the ecosystem into a dead end. If a new chain has no optimistic bridge to Ethereum (i.e., a standalone L1 alternative), the situation is even worse. What the ecosystem actually needs are projects that bring new features: privacy protection, app-specific efficiency, or ultra-low latency, for example.
An “Ethereum connection” needs to align with real functionality. Take prediction markets: apps can issue and settle markets on L1, manage user accounts, but execute transactions on a rollup or L2-like system—with L1 validating signatures and market state. Architectures that deeply integrate with L1 should be prioritized over just formal bridges
10 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
