A crypto whale voluntarily deleveraged, selling 15,993 ETH to repay its loan and locking in a profit of $4.3 million.

The Paxos-linked whale sold another 800 $BTC($50.72M) through Wintermute 8 hours ago. Over the past 2 months, the whale has sold a total of 2,500 $BTC ($154M).

Like all trading platforms regulated by the U.S. Commodity Futures Trading Commission (CFTC), prediction market firms typically aim to incentivize large traders and encourage companies to act as market makers to boost participation and trading volume. However, in guidance released Wednesday, the CFTC has raised concerns about these practices. The U.S. derivatives regulator warned event contract platforms that filings related to their incentive programs are on the rise, and these submissions are often "deficient both procedurally and substantively". This hinders the agency’s ability to assess whether platforms have "adequately notified participants of program terms and sufficiently evaluated the programs’ compliance". The CFTC noted that certain features of these reward programs "raise compliance concerns". Some rewards for high-volume participants may incentivize them "to trade solely to meet volume targets, increasing the risk of wash trades, prearranged transactions, or other fraudulent, manipulative, or disruptive trading practices". Additionally, market maker programs— which encourage firms to take both sides of a market trade— guarantee net returns or offset losses via stipends and rebates, a practice the regulator warns could also foster fraud and market manipulation.

Uniswap founder Hayden Adams said in a post that the team did not anticipate the tokens created during the pools.trade test would be discovered. Today, Uniswap has waived all creator fees from tests conducted by Uniswap employees, and allocated all such fees to automatic buy-and-burn contracts. The protocol is currently considering making this feature available to other deployers.

Following Tencent's release of its second-quarter financial report, Citigroup raised Tencent's target price to HK$765 in a report and reaffirmed its "buy" rating. The move is driven by Tencent's artificial intelligence (AI) initiatives showing clear results and its core business maintaining resilience. Citigroup also upwardly revised Tencent's capital expenditure assumptions to RMB 200.7 billion for this year and RMB 235 billion for next year.

BIP-54, officially named "Consensus Cleanup", proposes four limited modifications to Bitcoin’s core rules. The proposal aims to fix old vulnerabilities and unusual edge cases, rather than adding new use cases for Bitcoin. Supporters emphasize this distinction is critical: it serves as preventive maintenance for a network now worth far more than when many of its underlying rules were established. F2Pool co-founder Wang Chun stated he does not support the proposal. He explained that if BIP-54 secures the required majority via the standard BIP-9 activation process, F2Pool will update its mining nodes, though the pool will not issue advance support signals. Wang Chun’s objections center primarily on process and priority. He argues that bundling the four changes together is akin to tying unrelated measures into a single bill. He contends that several of the risks are too remote to justify the coordination, software upgrades, and community attention required for a soft fork, which modifies Bitcoin’s rules in a way older software may not enforce. Supporters hold a different view on the bundling approach. They argue every consensus change carries high social costs, so combining multiple defensive fixes reduces the number of full-network hard activations needed. They also note that Bitcoin’s rising value gives attackers greater incentive to exploit weaknesses that once seemed purely theoretical.

According to Bitget market data, Southern’s 2x Leveraged Long SK Hynix surged 13%, while Southern’s 2x Leveraged Long Samsung Electronics rose 9.78%.