Giant Whale sells 213400 HYPE for a profit of $2.8 million

According to CoinDesk, the Solana validator client FireDancer developed by Jump Crypto has been launched on the mainnet and started block production, processing tens of millions of transactions in the past few months. Ritchie Patel, founding engineer of Firefighter, stated that the team will slow down the pace of promotion and avoid large-scale public deployment before completing sufficient security audits to reduce network upgrade risks.

According to Onchain Lens monitoring, a certain giant whale sold 213400 HYPE at a price of $41.84 each, earning $8.93 million and achieving a profit of $2.8 million. In the past two months, the giant whale purchased 467200 HYPEs at an average price of $35.59, spending $166 million. Currently, it still holds 253800 HYPEs worth approximately $105 million.

OCC conditionally approves the establishment of Augustus Bank NA under the GENIUS Act framework, which focuses on fully reserve supported stablecoins and AI based compliance management. （CoinDesk）

[Michael Saylor: STRC Could Become the First Bi-Monthly Dividend Security] According to Strategy founder and executive chairman Michael Saylor on the X platform, perpetual preferred stock STRC is expected to become the only security among the world's 24,000 dividend-paying securities to implement 'bi-monthly dividends,' and he urged shareholders to complete voting as soon as possible. He stated that if the proposal is approved, it will make history and promote the establishment of a '100-dollar standard' in the digital credit sector.

According to Nihon Keizai Shimbun, SBI Securities and Lotte Securities plan to develop cryptocurrency investment trust products, which will be launched after the regulatory framework is established. SBI Securities will develop funds through its subsidiary SBI Global Asset Management, covering ETFs and investment trusts for highly liquid cryptocurrencies such as Bitcoin and Ethereum. Lotte Securities plans to collaborate with members of the Lotte Investment Management group to develop products that can be traded through a smartphone app. The Japan Financial Services Agency plans to revise the implementation order of the Investment Trust Law by 2028, including cryptocurrencies as investment trust assets and lowering the transaction income tax rate to 20%.