A crypto whale closed a 25x ETH short position yesterday, earning $692,000 in profits over five days.

According to Lookonchain monitoring, a newly created wallet address (0x1c75) withdrew 1.15 million LIT (valued at ~$3.31 million), 7.995 million ENA (~$1.51 million), and 7.31 million ARB (~$1.18 million) from OKX.

A newly created wallet (0x1c75) withdrew 1.15M $LIT($3.31M), 7.995M $ENA($1.51M) and 7.31M $ARB($1.18M) from #OKX.

Crypto trader Ansem has published a post sharing risk management insights for short-term trading, noting that traders should not only focus on price and stop-loss levels—time is also a critical factor in judging whether a trade is valid. Ansem said that when he enters a position, he expects the market to quickly show clear volatility; if Bitcoin stays near his entry price for a long time and does not move in the expected direction, he will start re-evaluating his trading logic. Sometimes even if his stop-loss level hasn’t been triggered, he will exit early because the market has failed to move as expected. He believes one of the advantages of short-cycle trading is the ability to identify earlier whether a trading strategy is working. To decide whether a trade is worth holding, one must consider not only price movements but also the time it takes for the market to deliver on expectations.

Privacy blockchain project Iron Fish announced it will formally end all remaining support for the Iron Fish network later today, and archive its code repository after fixing the underlying vulnerability. The team said it previously detected abnormal activity involving the wIRON token and ChainPort cross-chain bridge. After collaborating with ChainPort to review logs, the issue was confirmed to stem from an inflation vulnerability in the Iron Fish blockchain itself, with its root cause traced to a code commit in the Merkle Tree implementation from early 2019. A flaw in the nullifier calculation mechanism for transaction notes allowed attackers to double-spend the same asset, then aggregate the related assets and transfer funds out via the ChainPort cross-chain bridge. The team added that this code path had been subject to both internal and external audits, yet the vulnerability remained undetected. Iron Fish has now submitted a vulnerability fix patch and attached a detailed post-mortem analysis report in the relevant pull request (PR), and will subsequently close and archive its code repository. The project also warned that most crypto networks cannot upgrade their code immediately, and are facing growing security risks. As the ability to discover and exploit complex code vulnerabilities becomes more widespread, the security protection pressure on blockchain projects is rising.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $643.2 million yesterday, ending four consecutive trading days of net inflows. Over the same period, Ethereum ETFs saw a net outflow of $155.7 million, marking five straight trading days of net outflows.

Binance is buying back the stolen assets through market channels and OTC deals. Over the past 8 hours, Ethena(@ethena) has deposited 128.63M $ENA ($24M) into #Binance.