"The Pals" Simultaneously Increase Their Long Positions on BTC and ETH, Plunging Back into Unrealized Losses

April 20 — The power struggle within the Pentagon is escalating as the Trump administration pushes military reshaping, with Defense Secretary Pete Hegseth and Army Secretary Dan Driscoll clashing publicly over personnel appointments and authority boundaries. Driscoll publicly backed ousted Army Chief of Staff Randy George at a congressional hearing — a move seen as a direct challenge to Hegseth. Earlier, Hegseth fired George abruptly over the phone while the latter was on vacation, sending shockwaves through the military. At the heart of the rift: a string of personnel appointment disputes. Insiders say Hegseth sought to remove some officers from the promotion list — a demand Driscoll rejected, worsening their relationship quickly. Since then, the Pentagon’s internal power jockeying over senior officer appointments and authority delineation has grown more intense. Additionally, the Trump administration’s decision to have Driscoll coordinate foreign affairs directly — bypassing

BlockBeats Live Update April 20, 2026 On the first day of the 2026 Hong Kong Web3 Carnival, Binance Co-CEO He Yi joined a fireside chat titled “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy.” Here’s what he stated: “When the internet first emerged in Silicon Valley, it had strong hippie culture. Back then, many people wrote off those into internet and tech as geeks or freaks. But the internet saw a major split: the ‘left’ group built the dark web, chasing absolute freedom, while the ‘right’ group founded Google and Amazon—becoming mainstream commercial giants serving billions globally. If you ask where Binance is headed, we’re unwaveringly moving to become a commercial company for the masses. “Yet as we serve everyday users, we haven’t forgotten that tech innovation remains critical—whether blockchain or AI. Often, people think the stigma around crypto or public backlash is normal for new technologies. If everyone got it, if there was no controver

April 20, 2026 — On the opening day of the 2026 Hong Kong Web3 Carnival, Binance Co-CEO He Yi spoke during a fireside chat titled “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy.” “As the crypto industry expands, more institutional users and traditional finance players are embracing crypto—and this is fundamentally an integration process. In this shift, some countries and regulators are leading the way because they understand what crypto is and its value to the global financial system. Today, we’re seeing innovators take the lead: in Hong Kong, firms like Futu and Tiger Brokers already hold both stock and crypto assets simultaneously. Similarly, Robinhood is doing the same in the U.S.” “At Binance, we don’t want to limit ourselves to just crypto or stocks. In fact, we recently launched trading for commodities like crude oil, gold, and silver—and their volume now makes up a significant share of our overall activity. Traditional finance might see us as a

As of April 20th, per HyperInsight monitoring (https://t.me/HyperInsight): - The closest BTC whale to liquidation on Hyperliquid is address 0xec3, holding a 40x leveraged long position worth $10.04 million. Key details: average entry price $74,628, liquidation price $72,776, opened 4 days ago. - In the past 5 hours, this address placed a new market stop-loss order at $73,869, targeting a partial $2.37 million stop-loss (below its liquidation price). - The closest multi-million-dollar short whale near liquidation is the "Strategy Counterparty," holding a 40x leveraged BTC short position. Details: average entry $76,290, liquidation price $76,402, current unrealized profit $700,000 (106%). Most of the profit was used for repositioning today.

April 20, 2026 – On the first day of the Hong Kong Web3 Carnival, Binance Co-CEO He Yi joined a fireside chat themed “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy.” During the discussion, he stated: “I aim to boost Binance’s overall output and innovation capabilities, rather than just chasing growth tied to our current scale. Today, I’m putting forward a somewhat bold idea: While Binance previously set a goal to reach 1 billion users, we should now target 3 billion. This means Binance won’t just be a trading platform – it’ll evolve into a global financial infrastructure. Our services need to serve everyday people, the general public, everyone – covering daily payments, wealth management, and more. I want to encourage our employees to experiment and innovate more. As we keep pushing our business boundaries, our infrastructure must stay sufficiently stable.”

April 20, 2026 — On day one of the 2026 Hong Kong Web3 Carnival, Binance Co-CEO He Yi said during a fireside chat titled “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy”: “I believe the industry could see a revolutionary shift ahead. Often, when that pivotal moment arrives, we’re actually oblivious to it—yet when it hits, it might feel like just another ordinary day. Still, the changes it brings to our lives and its broader impact could be profound. For instance, global foreign exchange could shift entirely to blockchain down the line—ditching the traditional SWIFT system. We could also see all asset transactions become non-time-bound, running 24/7 globally—much like the crypto space. As a result, the entire world could rapidly enter a phase of exponential growth.”