CFTC Acting Chairman: Leveraged spot cryptocurrency trading may land on US exchanges next month
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Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), has confirmed that efforts to promote leveraged spot cryptocurrency trading into US exchanges may begin as early as next month. （Cointelegraph）
[Stanley Huang Goes Long on 4,600 ETH with $1.09 Million Unrealized Profit]
On-chain data shows that Stanley Huang's current long position of 4,600 ETH (valued at $16.72 million) has achieved an unrealized profit of $1.09 million, with an entry price of $3,398. This marks his most profitable trade since October 11, when he lost $12.56 million in principal due to a market crash.
Roobet and Stake.com's gambler 0x7B7b lost $6.19 million in less than 4 days, leaving only $672000 of their $7 million funds. Currently, the BTC long position has dropped to 300 (worth $31.75 million), with a liquidation price of $106756. （Lookonchain）
[Yield Basis to Migrate to Improved Pool Contract]
Yield Basis has announced its migration to an improved pool contract to optimize the fee distribution mechanism and reduce the volatility of value calculations during market fluctuations. Reportedly, this solution can enhance stability by approximately an order of magnitude. Users will receive proportional compensation to account for differences between the old and new calculation methods, with the compensation sent directly to LP wallets without the need for claims. The migration will commence after the contract deployment and will be announced at least 48 hours prior to the start of the migration. A dedicated migration contract has been created, and the user interface will go live on (yieldbasis.com) once the migration begins. The migration has no time limit, and the old contract and user interface will remain operational.
[Starknet Community Completes Testnet Parameter Adjustment, Plans to Update Mainnet Subsequently]
Starknet Community Leader Ohad Barta posted on social media, stating that a configuration parameter adjustment for the testnet has been completed based on requests from the ecosystem team. He mentioned that after a period of testing, the same modification is planned for the mainnet. He emphasized that after discussions with the engineering team, it was confirmed that this adjustment poses no risks and highlighted the team's strong collaboration in driving demands while maintaining system stability. Barta also noted that the engineering team has shown great enthusiasm for Starknet's current new use cases and the growth in usage.
[Whale Account Shorting BTC Loses Over $6.44 Million]
On-chain data shows that three days ago, whale address 0x7b7 transferred 7 million USDC to the Hyperliquid platform to short BTC. After multiple stop-loss events, the current account balance is only $560,000, with a cumulative loss of $6.44 million. The short position once peaked at 2,222 BTC (approximately $226 million) and now only holds 300 BTC (approximately $31.87 million).