Wintermute’s on-chain short positions total $75.45 million, with Ethereum being its most heavily shorted asset.

According to Bitget market data, South Korean stocks SK Hynix fell more than 11% and Samsung Electronics dropped over 9%. The Southern 2x Long SK Hynix ETF declined 22.04%, while the 2x Long Samsung Electronics ETF fell 19.72%.

Attention! $ETH could drop further to $2,300.86, then $2,289.78. The market may liquidate this whale's 79,259 $ETH ($187.21M) long position, just like it did 6 days ago.

Solana team members shared photos on social media yesterday to announce the blockchain project has opened an office in Shanghai, China. Core team member Vibhu and Solana Foundation Chair Lily Liu made a high-profile announcement that the office is located in the "world's highest" commercial office space. In response, Binance CEO CZ retweeted the post, commenting: "It's amazing to see Solana securing advertising and even setting up an office in China. BNB Chain hasn't been able to do this so far."

According to an investigative report by The Wall Street Journal, during the period when former White House crypto advisor Bo Hines was pushing the GENIUS Act, Nxum, a consulting firm he co-founded and held shares in, established business ties with Tether. Citing internal documents, communications, and payment receipts, the report states that Tether paid over $6 million to Nxum, which was distributed among three partners. Although Hines stepped away from daily operations, he still discussed the bill with partners via Signal during his tenure. After the bill was signed into law in July 2025, he left his position in August and was appointed CEO of Tether’s U.S. stablecoin business in September, with the relevant connections raising questions about potential conflicts of interest.

According to Lookonchain’s monitoring, amid the market downturn, major short trader 0xDD6A on Aster DEX has accumulated profits exceeding $6.4 million. He currently holds 20x leveraged short positions in BTC, ETH, SOL, XRP, and DOGE, with a total position size of $24.6 million and a 100% win rate.

As the market drops, big short trader 0xDD6A on @Aster_DEX has made over $6.4M in total profit! He currently holds 20x shorts on $BTC, $ETH, $SOL, $XRP, and $DOGE, with a total position size of $24.6M and a 100% win rate.