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movemen

Chainalysis tracks the source of the THORChain attack: skilled in money laundering, the attack was carried out weeks after cross-chain fund movements

Chainalysis posted on the X platform that before the theft of THORChain, wallets suspected to be associated with the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several weeks. The attacker-associated wallets had already deposited into Hyperliquid positions via the Hyperliquid and Monero privacy bridge as early as the end of April. The funds were then exchanged for USDC and transferred to Arbitrum, and later bridged to Ethereum, with some ETH subsequently transferred to THORChain to become staked RUNE for newly added nodes, which are believed to be the source of the attack.Afterward, the attacker bridged some RUNE back to Ethereum and split it into four pathways, one of which went directly to the attacker. After being transferred through intermediate wallets, 8 ETH was sent to the final wallet receiving the stolen funds 43 minutes before the attack. The funds from the other three pathways flowed in the opposite direction. These wallets bridged ETH back to Arbitrum, deposited it into Hyperliquid, and transferred it into Monero through the same privacy bridge, with the last transaction occurring less than 5 hours before the attack began.As of Friday afternoon, the stolen funds have not yet been used, but the attacker has demonstrated their skilled cross-chain money laundering capabilities, and the Hyperliquid to Monero path may become the next move.

Movement acquires Canopy, officially incorporating Vault infrastructure into the core layer of the ecosystem

Movement announced that it has completed the acquisition of the on-chain Vault infrastructure project Canopy, further integrating key financial infrastructure within the Movement Network. Canopy has previously been an important part of the Movement ecosystem, primarily responsible for building the Vault layer on the Movement Network, with its smart contracts allowing users to allocate assets and strategize on-chain with independent strategy managers.After this acquisition, Canopy will collaborate more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategies. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, while Movement hopes to achieve deeper technical collaboration between Vault contracts and other components of the network through self-built and internally integrated methods.For developers, this means they can directly integrate core protocols that are continuously iterating; for partners, it means stronger consistency between the underlying infrastructure and the development team; for users, it is expected to provide a more unified on-chain financial product experience. The official also revealed that MovePosition and Canopy will gradually operate as a unified infrastructure, with more integration details to be announced in the coming weeks.

Humanity Protocol early investors have chosen the "3:10" profit-taking plan, focusing on the movement of 440 million $H

According to early investor Trix Ventures of Humanity Protocol ($H), their team chose the "3:10" plan offered by the Humanity Foundation on April 26, planning to immediately unlock 30% of their shares on June 25. Trix Ventures believes this is essentially a structural hedge that allows for early profit-taking.Investors stated that they invested in Humanity Protocol at a valuation of $60 million, and have currently achieved a 10x return, which is considered an ideal profit-taking in the current market environment. The institution believes that in the current macro market environment, liquidity premiums are far more defensive than forward expectations, and early exit is a standardized operation for professional institutions to realize capital recovery and risk clearance in complex market cycles. By locking in immediate liquidity, they can effectively avoid long-cycle uncertainties and ensure the safety of initial investment returns.On-chain data shows that investors have monitored that on-chain associated addresses of Humanity Protocol have locked 440 million $H tokens awaiting release, leading to the judgment that their decision is not an isolated case. Considering that Humanity has only gone through one round of financing, these investors all entered at a valuation of $60 million, and their profits have now reached 1000%. Investors believe this indicates that the choice of "3:10" is not limited to just one entity; many early investors across the network have formed a highly consistent strategy, and the market may see a concentrated chip reorganization led by early participants.Regarding potential impacts, investors stated that this portion of tokens is valued at approximately $80 million, and if they enter circulation in a short period, it will pose a severe liquidity pressure test on the secondary market. They also mentioned that under the background of large liquidity concentration release, holders of long positions in $H need to remain highly vigilant, timely assess risk exposure, and consider closing positions at the right time, which is a rational choice to avoid intensified volatility caused by short-term supply and demand imbalances.However, investors also stated that their current defensive actions are entirely based on investment discipline and risk control requirements, rather than doubts about the project's fundamentals. The institution still holds a long-term optimistic view on this core track and maintains a high recognition of the long-term vision of Humanity Protocol. They will continue to monitor liquidity fluctuations, chip reshuffling progress, and marginal changes in on-chain data, and will consider re-entering for strategic layout at the appropriate time.

Analyst: Bitcoin remains resilient amid market turbulence, as market consolidation clears leverage to pave the way for the next round of upward movement

Coindesk analyst Omkar Godbole stated that Bloomberg has reaffirmed its prediction: Bitcoin could drop to $10,000------a price level not seen since mid-2020. Industry observers believe this prediction is overly absurd.However, on the largest crypto options trading platform Deribit, about $800 million in open positions are concentrated on $20,000 put options, betting that the price will fall below that level. This is the fourth most popular bearish bet on the platform. This indicates that some traders are preparing for a possible crash. But Deribit stated that not all positions are direct bets against a price crash.Deribit’s Global Retail Sales Head Sidrah Fariq said, "Most positions are more like selling put options rather than directional long hedges. Traders often sell out-of-the-money put options because the probability of reaching those levels is low." Meanwhile, Bitcoin has shown remarkable resilience, maintaining around $70,000 even as crude oil prices rebounded, pushing benchmark oil prices close to $100 in the early session, shaking traditional markets. Ethereum, XRP, and SOL have also remained strong, while HYPE tokens rose about 10% within 24 hours.Analysts say that excessive leverage is being cleared from the Bitcoin market, paving the way for price increases. Diana Pires, Vice President of Sales at crypto platform sFOX, stated in an email, "From a market structure perspective, this consolidation could be constructive, as reducing leveraged positions often lays a more stable foundation for the next wave of movement once clearer macro catalysts emerge."

Overview of Popular Whale Movements: "BTC OG Insider Whale" has an unrealized loss of 30.2 million dollars, and the "Ultimate Bear" has a sell order predicting BTC to drop to 76,000 dollars

According to Coinbob's popular address monitoring, the "BTC OG insider whale" remains in a floating loss while going long on ETH without any recent operations. The "ultimate bear" set a BTC take-profit order at $76,200 yesterday. The specific information is as follows:"pension-usdt.eth": Currently holds a 3x leveraged ETH long position, with a position size of approximately $90.57 million, an average price of $2,969, a liquidation price of $1,671, and a floating profit of $1.41 million. It is reported that this long position has been held for 4 days without adjustment, whereas the average holding time for this address was about 20 hours previously."BTC OG insider whale": After increasing the position to average down on ETH and SOL long positions on the 18th, there have been no adjustments. The overall account still maintains a floating loss of about $30.2 million, with its main holding being ETH long positions, which have a floating loss of $25.37 million (-20%), an average price of $3,147, and a position size of approximately $610 million. It also holds BTC long and SOL long positions, both in floating loss, with the current total position size of about $741 million, now ranking first in ETH longs on Hyperliquid."ultimate bear": This morning, it closed BTC short positions again, recording a profit of about $220,000. The current BTC short position size is approximately $49.36 million, with a floating profit of $12.45 million (520%), and a liquidation price of $101,000. This month, it has cumulatively closed positions of nearly $50 million, with take-profit orders set yesterday between $67,200 and $76,200."Paul Wei": Last night, a buy order was executed at around $90,000 for BTC, with the current BTC long position showing a floating loss of about 0.97%, accounting for 15% of a total capital amount of $100,000, with most funds still in pending orders. The BTC long and short order trigger range is approximately between $85,100 and $89,200. Since November 16, it has recorded a cumulative profit of $3,100."Altcoin short army leader": This address has recently focused on shorting, holding short positions in about 13 cryptocurrencies, including HYPE, ASTER, UNI, and ETH. Within a month, it has recorded a profit of $82.44 million from shorting multiple cryptocurrencies, and it remains the largest on-chain ASTER short whale, with an average price of $1.19 and a floating profit of $2.65 million (344%).
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