Luca Netz: Abstract incurs operational losses of tens of millions of dollars, project to be closed

Four newly built wallets deposited 1 million USDC into Hyperliquid and shorted 148.49 BTC with 40 times leverage, with a nominal value of $12.5 million. Subsequently, Bitcoin fell below $84000.

DeGods founder Frankdegrees sold over $1 million worth of altcoins on the chain within nearly half an hour, including $1 million worth of BP, $250000 worth of EDEL, and $70000 worth of GP.

Yi Lihua, founder of Liquid Capital, said that Bitcoin has not yet fallen below the key support level, but the counterfeit currency has fully recovered. Yi Lihua believes that most of the time in a bull market is volatile, with only a few periods of rapid rise and normal correction. There is no bull market that only rises and does not fall. If there is a large adjustment in this cycle, it is also a normal phenomenon in the bull market trend. Yi Lihua suggests that investors do not need to trade constantly or compete for every opportunity, and should reserve positions to wait for better opportunities.

Bitmine stated that its ETH holdings will not exceed 5% and currently hold 4.9% of the supply.

Tom Lee stated on Token2049 that Bitmine aims to outperform BTC and ETH in this cycle. If ETH rises to $22000, Bitmine's stock price will increase from $26 to $300 to $500; If ETH rises to $62000, Bitmine's stock price will rise to $1200 to $1500.