A certain whale went long on BTC with 5x leverage, with a position worth $49.55 million.
June 10 — According to monitoring data from OnchainLens, the crypto whale with the address "0xebe" — who previously incurred a loss of more than $3.4 million on a Bitcoin long position — has opened a new 5x leveraged long position today. The position amounts to 812.46 BTC, worth $49.55 million, and is currently facing an unrealized loss of over $260,000.
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a16z Interpretation of Why We Invested in Morpho: On-chain Lending as the Next Frontier of Credit, a Key Technological Node on the Pathway to Human Flourishing
On June 10, a16z Crypto published an article outlining its role as co-lead in a $175 million funding round for decentralized lending protocol Morpho, alongside partners Paradigm and Ribbit.
a16z frames on-chain lending as "the next frontier of credit" and a key technological milestone toward human flourishing, arguing that a blockchain-based open credit network can lower infrastructure costs, create a more competitive credit market, and expand broader access to capital and revenue streams.
When a16z first connected with the Morpho team in 2022, founder Paul Frambot was still in university, yet had already built a team of some of France’s top blockchain talent. The group’s innovative on-chain lending optimizer coordinates peer-to-peer loans on top of underlying AMM protocols, delivering a Pareto improvement in interest rates—a development that signals a transformative shift for the global financial system.
In 2024, Morpho launched the Morpho Blue protocol, focused on floating-rate, v
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The US and Israel to Jointly Confront Iran, US Stock Futures Extend Pre-market Losses, Oil Prices Experience Short-term Spike
As of June 10, market sources indicate Israel is preparing to launch another strike on Iran.
During a recent Fox News appearance, former President Donald Trump said he would order strikes targeting Iranian power plants and bridges.
Bitget’s market data shows both oil prices surged more than 1.4% in the short term. Ahead of the U.S. market opening, U.S. stock index futures extended their losses: Nasdaq 100 futures fell over 1.5%, while S&P 500 futures dropped more than 1%.
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Bitcoin Mining Firm Keel Infrastructure Completes $458 million Convertible Senior Notes Offering
On June 10, U.S.-listed Bitcoin miner Keel Infrastructure (formerly Bitfarms) announced the closing of a $458 million convertible senior notes offering, per a Globenewswire statement. The offering carries a 1.25% coupon rate, matures in 2032, and has an initial conversion price of approximately $7.41.
A portion of the proceeds will be used to purchase capped call options to hedge dilution risks tied to the notes’ conversion, while the remaining capital will be allocated to long-term equipment deposits, data center project letter-of-credit collateral, and other general corporate purposes. The company’s core business focuses on Bitcoin mining and related data center infrastructure development.
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After SpaceX's stock split, platforms diverge in handling, with a certain on-chain SPCX whale benefiting an additional $560,000 compared to the Rebase scenario.
**June 10 Update (via Hyperinsight monitoring: t.me/HyperInsight):** SpaceX’s recent equity adjustment has triggered a divergence in on-chain contract prices for its SPCX token. Since the June 3 S-1/A filing, SpaceX’s fully diluted share count has risen from ~1.187 billion to 1.308 billion—an approximate 10% jump. In response, SPCX contract prices across platforms have continued to decline; Hyperliquid’s SPCX contract currently trades at $163.
Amid the misalignment between equity changes and actual valuation, trading platforms have taken divergent approaches. One platform used a Rebase (adjusting the contract multiplier by ~1.1x) to smooth price discrepancies, while trade.xyz stated it “does not rely on market capitalization or total share data” and made no adjustments.
Notably, a Hyperliquid whale has held the largest long position in SPCX since its May 18 launch: it went long with 1x leverage at an average entry price of $197. If the Rebase mechanism applied to this position, the w
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