The largest long whale in the HYPE lifted an average price of $38 for five months, with a $51 million position that may soon be liquidated.
March 12 — Per HyperInsight Monitoring, HYPE’s price continued climbing this morning, breaking above $37.
The largest HYPE long position holder—a whale suspected of having insider information on HYPE’s listing—is again approaching its liquidation threshold. Its current holdings total $51.5 million, with an average entry price of $38.67. Unrealized losses have narrowed to $2 million (-19%), while its liquidation price stands at $27.55. Funding rate settlement losses to date total $1.65 million.
With the position nearing breakeven, the address withdrew ~$4.5 million in deposited margin this morning. This move passively lifted its liquidation price from a lower level to $27.5. For long positions, withdrawing margin either signals an active push to raise the liquidation threshold or confidence that HYPE won’t drop below $28.
The whale has held the position for nearly five months: On Oct. 23 last year—on the eve of HYPE’s Robinhood listing—it ramped up its long position significant
9 minutes ago
Current mainstream CEX, DEX funding rate displays a market-wide bearish bias.
On March 12th, Coinglass data shows Bitcoin’s volatility has narrowed over the past two days.
Currently, funding rates across major centralized (CEX) and decentralized (DEX) exchanges reflect overall bearish market sentiment—Bitcoin, Ethereum, and other top tokens all have negative rates (see attached chart).
**BlockBeats Note**:
Funding rates are fees set by crypto exchanges to keep contract prices aligned with underlying asset prices, typically for perpetual contracts. They facilitate fund exchanges between long and short traders; the trading platform does not collect this fee. The mechanism adjusts the cost or profit of traders holding contracts to ensure contract prices stay close to underlying asset values.
A 0.01% funding rate is the baseline:
- Rates above 0.01% signal general bullish sentiment.
- Rates below 0.005% indicate overall bearishness.
9 minutes ago
GitHub Data Leak Reveals Massive Exodus of Crypto Developers Post-2022, AI Emerges as Developers' New Destination
March 12 — Data from GitHub, the world’s largest code-hosting platform, shows the blockchain ecosystem is facing a broad developer exodus, while artificial intelligence (AI) projects are driving the platform’s growth.
Since early 2025, weekly crypto-related code commits to repositories have plummeted by ~75% (from ~850,000 to 210,000), and active developers have dropped 56% to ~4,600, per analysis firm Artemis. Repositories—where devs track code, build tools, and launch new projects—are a clear barometer of software innovation trends.
This contraction contrasts sharply with the broader software ecosystem’s growth. GitHub’s 2025 Octoverse report notes the platform added ~36 million developers last year, pushing total global users past 180 million, with overall code submissions up ~25% year-over-year (YoY). Most of that growth flowed into AI: GitHub now hosts over 4.3 million AI-related repositories.
Over the past year, repositories importing large language model (LLM) developme
9 minutes ago
Tencent Bulk Imports ClawHub Entire Skill Set to Build Own Platform, Responds to "Forking" Accusations with "It's Mirroring, Not Forking," Drawing Ire from OpenClaw Founder
On March 12, a user spotted that Tencent had launched a platform called SkillHub, which bulk-imported all skill packages from OpenClaw’s official skill market ClawHub—accompanied by screenshots showing extensive data sync records. The post quickly gained traction.
OpenClaw founder Peter Steinberger immediately hit back, noting he’d previously received emails complaining his rate limit was “too slow for crawling.” He criticized Tencent for draining his server resources without any support, adding ClawHub’s server costs are now approaching five figures. He directly tagged Tencent’s Mixed Reality team’s official account: “Can you help chip in instead of pushing my server costs to five digits?”
Tencent’s AI official account later responded publicly, framing SkillHub as a “localized skill platform built on the OpenClaw ecosystem” designed to offer Chinese users better usability and speed. Tencent emphasized it always credits ClawHub as the source and shared first-week metrics: 180GB o
9 minutes ago
Binance Wallet Extension now supports Swap功能
On March 12, official sources confirmed that the Binance Wallet Extension has launched a conversion feature supporting the EVM and Solana networks. Key updates include: instant on-chain multi-token swaps, fast price checks with improved quotes, and automatic earning of Alpha Points plus commission rewards for trades when logged into the non-custodial wallet.
9 minutes ago
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