A certain whale withdrew 6000 ETH from Kraken after 6 months of silence

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.

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.

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: ~

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

February 5th: Per HyperInsight monitoring (https://t.me/HyperInsight), Abraxas Capital’s main address (0x5b5) continued to expand its short position in xyz:GOLD (the gold mapping contract) as spot gold traded around $4,867. The position size now stands at $9.18 million, with an average entry price of $4,786 and a liquidation price of $6,785. Additionally, its subsidiary address (0xb83) currently holds a 5x leveraged short position in xyz:GOLD, with an average entry price of $4,887. Abraxas Capital was once Hyperliquid’s largest contract whale. Since November, the address has been continuously realizing profits, with its position size plummeting from a peak of $920 million to roughly $60 million today.