「Buddy」 increased their ETH long position and opened a new HYPE long position, bringing their total account position to $8.58 million
January 27 – Per HyperInsight monitoring, a trader (nicknamed “Buddy”) added to their ETH long position today after being liquidated yesterday morning, and also opened a new HYPE long position. As of press time, the total value of their ETH and HYPE long positions exceeds $8.58 million. Details are as follows:
· 25x ETH long position: 2,775 coins ($8.09 million)
· 10x HYPE long position: 18,888.88 coins ($470,000)
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Hyperliquid HIP-3 DEX Open Interest Surpasses $790 Million, Reaching an All-Time High
On January 27, The Block reported that Hyperliquid announced the open interest of its HIP-3-deployed decentralized exchange (DEX) has exceeded $790 million, hitting a new all-time high—driven primarily by the boom in commodity trading.
Hyperliquid CEO Jeff Yan stated the platform has become the most liquid venue for crypto price discovery, with the spread on its BTC perpetual contracts tighter than that of Binance.
The HIP-3 protocol rolled out the "Builder-Deployed Perpetuals" feature in October 2023, enabling eligible developers to deploy their own perpetual futures markets.
Currently, TradeXYZ is the largest HIP-3 DEX, with a daily trading volume of approximately $22 billion and capturing 90% of the total market share.
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The U.S. Dollar Weakens as Intervention Risk Drives Yen Higher
January 27: The U.S. dollar fell across the board on Monday, while the yen surged to a two-month-plus high amid speculation of U.S.-Japan joint forex intervention following comments from Japan’s Prime Minister and Finance Ministry.
Investors also pared back dollar positions ahead of the Federal Reserve’s meeting and as expectations grew that President Trump would name his pick for the new Fed chair. Worries about another U.S. government shutdown also pressured the greenback. The dollar-yen pair has dropped nearly 3% over the past two trading days, marking its steepest decline since market volatility tied to last April’s “Liberation Day” tariffs.
A source noted the New York Fed has asked traders about the dollar/yen exchange rate—a move seen as a precursor to intervention. Nomura G10 FX strategist Dominic Bunning said: “Clearly, if both Japan’s Finance Ministry and the U.S. Treasury aim to cap dollar-yen gains, that would be a far more powerful driver.”
A Goldman Sachs analyst
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WhiteWhale Market Cap Surges Above $80 Million Briefly, Up Over 91% in 24 Hours
January 27 — Per GMGN market data, Solana ecosystem memecoin WhiteWhale saw its market cap dip below $20 million, then rebound following a brief surge earlier this morning. It briefly topped $80 million and is now trading at $74.6 million, with a 24-hour trading volume of $13.9 million and a 24-hour gain of over 91%.
BlockBeats reminds users: Memecoins are highly volatile, rely heavily on market sentiment and concept hype, and have no intrinsic value or practical use case. Investors should exercise caution.
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The Democratic Party is willing to return to the negotiating table, Senate Agriculture Committee's crypto legislation consultation now at a turning point
Jan. 27 — After a setback in crypto market legislation negotiations at the Senate Agriculture Committee, an aide to a Democratic senator said the party remains open to returning to the table to push for a bipartisan compromise.
The aide noted Democratic members were caught off guard early this year when Republicans drafted a new bill without sufficient consultation and planned a mid-January markup. In response, Dems aim to reengage with committee chair Sen. John Boozman’s (R-Ark.) team this week ahead of the vote to build bipartisan consensus.
The committee’s markup and vote on the crypto bill—originally set for Tuesday—was delayed to Thursday due to severe weather in Washington. Some Democratic lawmakers are also pushing to restart talks to reach a bipartisan-agreed text before the session.
The legislation seeks to create a federal digital asset regulatory framework, including clarifying the SEC and CFTC’s oversight roles and disclosure requirements. Analysts emphasize bipart
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