Traders piled into short positions against WLFI as the Trump-linked DeFi token debuted on Hyperliquid, sending its price tumbling more than 44% in hours.
[ETHZilla Hints at Continuing to Accumulate ETH to Surpass Coinbase and Bit Digital]
Odaily Planet Daily News: U.S.-listed company ETHZilla (formerly 180 Life Sciences) announced on the X platform that its Ethereum reserves have surpassed 100,000 ETH, currently reaching 102,200 ETH, valued at approximately $450 million. It ranks eighth on the strategic Ethereum reserves leaderboard. The next step is to surpass Coinbase and Bit Digital to enter the top five, which means the company needs to accumulate over 60,000 additional ETH.
[Hut 8 Secures $330 Million Credit Financing to Support Its 1.5 GW Expansion Plan]
According to Jinse Finance, cryptocurrency mining company Hut 8 has secured a total of $330 million in credit financing, including a $200 million revolving credit facility from digital asset investment firm Two Prime and a $130 million credit facility from Coinbase. The new funds are intended to support a 1.5 GW capacity expansion plan in the United States, with four large-scale infrastructure developments expected in Louisiana, Texas, and Illinois.
[Main Password: Bitcoin Whale Sell and Switch to Ethereum, Main Trader Deals $100 Million Bet on This Direction]
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Bitcoin ETFs Need Almost $1B Inflows to Sidestep Second-Biggest Outflow on Record
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Analysts suggest that BTC's price struggles this month are linked to ETF outflows, with a potential bull run into the year-end requiring significant capital inflows.
