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Dunamu, parent company of Upbit, responded to its Nasdaq listing plans: It confirmed it has held discussions with the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), and plans to establish an IPO committee.

49 minutes ago

South Korean crypto exchange Upbit operator Dunamu has responded to U.S. listing rumors, confirming it has held discussions with the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), but noting that a U.S. listing has not been finalized, nor has the company converted its financial statements to U.S. Generally Accepted Accounting Principles (GAAP). Dunamu added that it is currently working with Naver Financial to complete a share swap by December 31, with respective valuations of 15 trillion won and 5 trillion won. The swap ratio is roughly 2.54 Naver Financial shares per Dunamu share. Upon completion of the transaction, the two parties plan to set up an IPO committee within a year to pursue the listing. Market observers point to Nasdaq as a potential listing venue, primarily because Naver is already listed on a South Korean exchange; if Dunamu were to list again in South Korea as its subsidiary, it could face regulatory restrictions on "duplicate listings of parent and subsidiary entities." If Dunamu ultimately opts for a U.S. listing, it may do so via American Depositary Receipts (ADRs). The firm’s South Korean legal entity and Upbit operations will remain intact, and user services such as won-denominated deposits and withdrawals are not expected to be directly impacted.

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Whale Tracking: The whale that had planned to short nearly $100 million worth of BTC has placed an additional buy order worth over $84 million.

According to monitoring by TradingBeats (formerly Hyperinsight), the whale with the address starting with 0xf517 — which placed nearly $100 million in BTC sell orders yesterday — added three new non-"only position reduction" buy orders in roughly 11 seconds early this morning: $75,888 for 329.4 BTC (~$25 million), $73,555 for 339.9 BTC (~$25 million), and $72,222 for 346.2 BTC (~$25 million). Combined, the three orders plan to buy 1,015.5 BTC for ~$75 million, with a weighted average order price of ~$73,857.5. At BTC’s current price of $80,674, the three buy orders are waiting for pullbacks of approximately 5.9%, 8.8%, and 10.5% respectively. Adding the prior $9.908 million buy order placed at $74,088, the whale now has four total buy orders, targeting 1,149.2 BTC for a nominal ~$84.908 million. The whale currently holds a 42.1 BTC long position with 40x full leverage, valued at ~$3.394 million, an average entry price of $77,330.3, and ~$141,000 in unrealized profit. Its long position has dropped ~55.3% since yesterday, but its preset buy orders below have expanded by over $75 million. The sell wall above remains unwithdrawn. As of press time, the whale has 183 non-"only position reduction" sell orders in the $81,272–$108,888 range, planning to sell 945.2 BTC for a nominal ~$91.296 million, with a weighted average price of ~$96,592.8; it also has an "only position reduction" sell order at $88,888 covering its current long position.

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Binance's SAFU Fund has posted an unrealized profit of $221 million, with a return rate of 21.5%.

According to monitoring by ai_9684xtpa, Binance’s SAFU fund has an unrealized profit of $221 million. Between February 2 and 12, Binance accumulated 15,000 BTC, with an average cost of approximately $66,666.66 based on a total investment of $1 billion. At the current BTC price of $81,000, the fund’s estimated return rate stands at 21.5%.

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Bitget Launches Stock Contracts for Deere (DE) and Nikkei 225 Index (JP225)

According to an official announcement, Bitget has launched two stock perpetual contracts—DE (Deere & Company) and JP225 (Nikkei 225 Index)—to meet users’ diverse investment needs. Both contracts are settled in USDT, offer up to 20x leverage, and support 24/7 trading. As of now, Bitget supports a total of 282 stock contract underlyings.

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Whale "Set 10 Big Goals First" Likely Stopped Out of BTC Short Position, Incurring $9.86 Million in Unrealized Loss

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that BTC has broken through the stop-loss price of $80,500 from her "10 Major Targets" strategy. If her positions remain unchanged, she is now facing an unrealized loss of $9.86 million. Earlier, she disclosed holding short positions of 1,830.724 BTC (worth approximately $148 million) with an average entry price of $76,397.56, and short positions of 12,756.739 ETH (worth approximately $32.05 million) with an average entry price of $2,371.57.

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SKHX smart money took profits and exited, while a 20.9 million USD buy order is planned to accumulate at lower levels.

According to monitoring by TradingBeats (formerly Hyperinsight), SKHX’s former largest long holder, the smart money address 0xc8b, closed out 26,600 long positions yesterday afternoon. The total execution value of the liquidation was approximately $32.188 million, with an average price of around $1,210.9, generating a profit of roughly $1.952 million. SKHX is currently trading at about $1,154.5. As of this morning, SKHX’s open interest (OI) has decreased by roughly $63.39 million, a 16.4% drop. The scale of this whale’s position exit accounts for approximately half of the total OI decline over the same period. That said, the address has now placed 100 non-reduce-only buy orders in the $1,030–$1,060 range, planning to repurchase 20,000 SKHX contracts with a notional value of around $20.9 million and a weighted average order price of roughly $1,045. This entry range is 8.2% to 10.8% lower than the current price. If all orders are filled, the whale will hold $20.9 million worth of SKHX long positions again, with a new average cost about 13.7% lower than yesterday’s liquidation average. TradingBeats, an on-chain perpetual contract and address analysis tool, is now live, supporting real-time Hyperliquid data viewing, with in-depth analysis covering address tracing to whale operations for a comprehensive overview.

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Bitcoin surges past $81,000

According to HTX market data, Bitcoin has risen above $81,000, currently priced at $81,012, with a 4.51% gain in the past 24 hours.

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