「Former Hyperliquid Employee」 has fully closed their HYPE short position and now holds only $2.43 million in spot positions in their account.
**December 23 Update**
Data from Coinbob Popular Address Monitor shows the address linked to the "former Hyperliquid employee" (0x7ae) has fully closed its HYPE short position for a minor loss in the past hour. The position was previously held at an average price of ~$24.17, with a size of roughly $24,000.
Additionally, the address has steadily cut its HYPE spot holdings since the start of this month—dropping from $5.85 million to $2.43 million, a total reduction of over 70,000 tokens. Current holdings stand at ~98,200 tokens, resulting in a monthly loss of $1.53 million.
The address first drew attention for shorting HYPE and its ties to the Hyperliquid team. Per today’s Hyperliquid announcement, the address belongs to a former employee terminated in Q1 2024, who has since fully disassociated from Hyperliquid Labs. Their actions do not reflect the team’s standards or values.
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If Bitcoin drops below $86,000, the mainstream CEX long liquidation pressure will reach $1.017 billion
On December 23, data from Coinglass shows that if Bitcoin drops below $86,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $1.017 billion.
Conversely, if Bitcoin climbs above $90,000, cumulative short liquidation intensity on major CEXs will total $677 million.
BlockBeats Note: Liquidation charts do not display the exact number of contracts subject to liquidation or their precise value. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to neighboring clusters—i.e., "intensity."
As such, these charts illustrate how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" signals a more pronounced price reaction driven by a liquidity cascade.
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Binance will delist EIGEN/FDUSD, ARB/FDUSD, and other isolated and cross margin trading pairs
As of December 23, Binance will delist the following margin trading pairs on December 30, 2025, at 06:00 UTC:
- Cross Margin Trading Pairs:
EIGEN/FDUSD, ARB/FDUSD, TRUMP/FDUSD, POL/FDUSD, ATOM/FDUSD, LDO/FDUSD, SHIB/FDUSD, RAY/FDUSD, GALA/FDUSD, PEPE/FDUSD
- Isolated Margin Trading Pairs:
EIGEN/FDUSD, ARB/FDUSD, POL/FDUSD, ATOM/FDUSD, LDO/FDUSD, SHIB/FDUSD, GALA/FDUSD, PEPE/FDUSD
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Hyperliquid singles out Lighter as a direct competitor, with a former employee accused of being involved in the HYPE shorting incident
**Hyperliquid Names Lighter as Direct Competitor; Addresses HYPE Insider Shorting Concerns**
On December 23, Hyperliquid said in an official announcement it identifies Lighter as a direct competitor alongside Binance and Aster. The platform noted those three are operated by centralized orderers to manage transaction states, highlighting its own architectural edge: fully on-chain, run by 24 validators, and no hidden state.
Lighter, meanwhile, centers on “verifiable execution” and a proof mechanism, offering auditability for its CLOB-style transaction structure. Competition between the two in decentralized trading infrastructure is ramping up.
Separately, Hyperliquid addressed community concerns over a suspected insider shorting incident tied to its HYPE token. It stated the linked wallet belonged to a former employee fired in early 2024, whose actions had no connection to the team. The platform stressed strict internal HYPE transaction and compliance restrictions apply to emplo
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「Bankrupt」 trader James Wynn's BTC long position is currently up 65%, previously bullish on BTC towards $92,000
December 23rd — Per monitoring from HyperInsight (via Telegram: https://t.me/HyperInsight), James Wynn’s address (0x8da) currently holds a 40x-leveraged long position in BTC, with $76,000 in floating profit (a 65% gain). The position has a size of roughly $4.72 million, an average entry price of $86,800, and a liquidation price of $84,500. Additionally, a newly opened long position in ZEC today was stop-loss liquidated less than four hours after initiation, resulting in a minor loss of ~$10,000.
Monitoring also indicates Wynn’s position adjustments frequently align with his public commentary on X. For example, he flipped from a short to long position on BTC following a bullish post on December 21st. Earlier this month (Dec. 4 and 9), he shared views predicting BTC would rally to $97,000–$103,000 and warning of a potential “bloodbath” in markets.
Additionally, per the data, his other public address (0x507) closed a long position in BTC over the past 7 hours, netting ~$20,000 in profit
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A certain flash loan whale longing ETH has sold 10,000 ETH, with a total of 30,600 ETH sold in the past week.
On December 23, EmberCN data indicates a whale at address 0xa339—who previously took a long position on ETH via a flash loan—has made notable ETH sales.
In the past hour alone, the address has sold a cumulative 10,006 ETH, valued at roughly $30.05 million.
Over the past week, the whale has offloaded a total of 30,605 ETH (worth $89.14 million). The average selling price stood at $2,913, with an ETH cost basis of approximately $2,545, netting a profit of over $11 million.
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