[Tom Lee: Strategy's $1.4 Billion Cash Reserve is a Wise Move] BitMine Chairman Tom Lee recently stated that Strategy's decision to establish a $1.4 billion cash reserve is a wise move. Despite Strategy's stock price dropping more than 50% over the past six months, this reserve allows Strategy to pay dividends during Bitcoin's downturn without needing to sell its $61 billion Bitcoin holdings. Lee pointed out that during the previous Bitcoin downturn cycle, Strategy's stock price had fallen below its net asset value, and building the reserve was precisely to address such situations. As a company holding over $12 billion in Ethereum, BitMine has not established a formal USD reserve, but its cash and staking income can similarly protect BitMine during downturns.

[Whale 1011short with a $617 million position incurs over $12.5 million in unrealized losses] Address '1011short' has incurred over $12.5 million in unrealized losses due to the market downturn. The current holdings include 160,403 ETH (approximately $499 million), 1,000 BTC (approximately $90.35 million), and 250,000 SOL (approximately $33.65 million), with a total position of $617 million.

["BTC OG Insider Whale" ETH Long Position Exceeds $500 Million, Total Position Turns Fully Negative] Amid the short-term market downturn, the BTC, ETH, and SOL long positions of the "BTC OG Insider Whale" have all turned negative, with the total position value exceeding $620 million. Among them, the ETH 5x leveraged long position is valued at over $500 million, with an entry price of $3,181.96, an unrealized loss of $9 million, and plans to add $64 million in the $3,030 to $3,112.4 range. The BTC 5x leveraged long position is valued at $90 million, with an entry price of $91,506.7, an unrealized loss of $1 million. The SOL 5x leveraged long position is valued at $34 million, with an entry price of $137.5, an unrealized loss of $700,000.

OKX-ETH/USDT is currently trading at $3100.60, with a 5-minute drop of 0.29%. Please pay attention to market fluctuations.

Standard Chartered Bank and Coinbase, with assets of $913 billion, are expanding their cryptocurrency prime brokerage services to institutional clients. （Cointelegraph）