[Stable Mainnet StableChain Officially Launched, Using USDT as Gas] The Layer 1 blockchain Stable, supported by Bitfinex, has officially launched its mainnet StableChain, along with the introduction of its native governance token STABLE and the independent operating entity Stable Foundation. StableChain uses USDT issued by Tether as the gas fee token, with all on-chain transactions settled in USDT.

[Bitfinex: Bitcoin Spot Demand Weakens, Traders Sell During Rebound] Bitfinex Alpha published an analysis stating that Bitcoin is entering a phase where weakened spot demand intertwines with structural fragility, with its price stuck in the $84,000 to $91,000 range. The S&P 500 index nearing historical highs indicates a deepening relative weakness for Bitcoin. On-chain data shows that over 7 million Bitcoins are in an unrealized loss state. U.S. Bitcoin ETFs continue to see outflows, and cumulative trading volume changes across major exchanges are negative, indicating that traders are choosing to sell during rebounds rather than increase their positions.

[A Whale Deposits $1.38 Million USDC into HyperLiquid and Shorts HYPE] A whale deposited $1.38 million USDC into HyperLiquid after 7 months and opened a short position on HYPE with 1x leverage. Previously, the whale had already profited $1.14 million.

[‘1011 Insider Whale’ Reduces 4,513 ETH Long Positions] ‘1011 Insider Whale’ has just reduced ETH long positions, cutting 4,513 ETH. They still hold 50,001 ETH long positions, valued at approximately $155 million, with a current unrealized profit of $3.3 million (+10.18%).

[A certain whale deposits approximately $1.38 million USDC into HyperLiquid to short HYPE] A certain whale address deposited approximately $1.38 million USDC into HyperLiquid after a 7-month hiatus and opened a HYPE short position with 1x leverage. This address previously profited approximately $1.14 million.