Former Tether Chief Investment Officer Plans to Sell Stake in Tether

According to monitoring by Onchain Lens, a hacker is dispersing and converting 6.017 million DAI into ETH in batches. Each of the hacker's swaps is routed through the same intermediate wallet, which then deposits 10 ETH into TornadoCash each time.

According to Hyperinsight’s monitoring, a whale address starting with 0xebe currently holds a 10x leveraged short position on SK Hynix (SKHX) worth approximately $17.502 million, accounting for around 53.8% of its total position. This morning, South Korean stocks opened with a sharp pullback, and the short position’s unrealized profit expanded to roughly $2.887 million, delivering a 137% return. It has now become the address with the largest unrealized profit on SKHX on the Hyperliquid platform. From last night to the present, this address has opened a total of 1,242 short orders on SKHX, adding short positions gradually from $1,621 to $1,471. Cumulative trading volume reaches 3,455.04 contracts, worth about $5.2251 million, with a net increase of around 3,449 short positions. Currently, the address only has one SKHX take-profit order placed at $1,435.40, for 300 contracts, with a notional value of approximately $430,600, covering less than 10% of its position. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable the send messages permission) to automatically sync on-chain information.

Prominent trader Killa (@KillaXBT) stated that Bitcoin can target $65,600 if it holds its closing level from last week (around $59,000). Additionally, regarding Strategy’s historic sale of 3,588 BTC, Killa explained that the firm did not conduct the sale on the open market but via institutional trades, which helped avoid a major impact on Bitcoin’s price. This partially accounts for Bitcoin’s overnight trend of falling first then rising. Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.

Overnight to early this morning, Bitcoin initially dipped then rallied amid negative news of Strategy’s historic sell-off of 3,588 BTC, leading major cryptocurrencies to rebound. According to HTX market data, as of press time, Bitcoin is trading at $64,007.31, up 0.81% in 24 hours; Ethereum stands at $1,797, with a 24-hour gain of 0.51%. Additionally, per HyperInsight monitoring, trader "Maji" added positions throughout the market rebound, with his Ethereum long positions now totaling $17.08 million and a liquidation price of $1,765.32. However, amid the strong market rally, Maji’s profits over the past week have exceeded $400,000.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 22,567 ETH between November 2025 and July 2026 has allegedly sold 7,347 ETH at a loss of $4.041 million. The address built its ETH position at an average price of $2,338, with a total investment of $52.77 million. Since April this year, it has deposited 8,947 ETH into FalconX in batches, with the most recent deposit made 7 hours ago. If the whale sells all its remaining ETH, its total losses will amount to $4.196 million.

Web3 gaming guild YGG co-founder Gabby Dizon took to Twitter to announce that YGG’s Web3 game publishing arm YGG Play will shut down on August 1, affecting 35 jobs. The company has pledged to provide an additional 8 weeks of pay. Moving forward, YGG will operate with a small core team and partner with gaming communities, selling data to AI labs via gameplay interactions and data training.