Ethereum Whale opens 4046.83 ETH 20x long positions, with a floating loss of $240000

Binance CEO Zhao Changpeng shared the story of an African user during a debate with Peter Schiff, who stated that before using cryptocurrency and Bitcoin, it took three days to pay bills, but now it only takes three minutes. （CoinDesk）

Monitoring shows that BlackRock received 153.83 BTC (worth $14.22 million) and 169300 ETH (worth $53.26 million) from Coinbase in the past hour, with a total inflow amount of $67.48 million. This fund flow shows BlackRock's recent large-scale actions in cryptocurrency assets. （Onchain Lens）

[Traders Hedge Fed Rate Cut Risks Through SOFR Options] On December 4, the SOFR options market indicated that traders are focusing on various structural trades for the first two quarters of next year to hedge against the possibility of multiple Federal Reserve rate cuts or even a single 50-basis-point rate cut. The overnight index swap (OIS) tied to the Federal Reserve is currently pricing the effective rate for the June meeting next year at approximately 3.30%, about 60 basis points lower than the current effective rate. Recent trading themes involve buying bullish structures in January, March, and June SOFR options to hedge against rate cut premiums exceeding the current pricing in the swap market.

Monitoring shows that a "per to spot" whale has opened a 20 times leveraged long position of 4046.83 ETH worth $12.72 million, with a current floating loss of $240000 and a liquidation price of $738. The overall profit and loss of this giant whale is -524 million US dollars, a significant decline from the peak profit of 7 million US dollars in September 2025. （Onchain Lens）

TD Cowen takes a more bearish stance on Bitcoin related strategies with a market value of approximately $60 billion, and the specific reasons have not been disclosed. （Decrypt）