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BTC $67,046.53 +5.32%
ETH $1,998.80 +7.58%
BNB $624.83 +5.38%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $450.85 +1.27%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $67,046.53 +5.32%
ETH $1,998.80 +7.58%
BNB $624.83 +5.38%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $450.85 +1.27%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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a16z partner: Still坚持长期主义 in crypto investments, believing that after the popularization of blockchain finance, other categories of apps will emerge

a16z partner and a16z crypto leader Chris Dixon published an article on social media titled "The Long Game of Cryptocurrency," stating: There is a popular saying that the non-financial use cases of cryptocurrency are dead. Some also claim that the "read-write-own" model has failed. These conclusions misunderstand the core concepts and misjudge the stage of development we are in.We are currently in the financial era of blockchain. But the core idea has never been that all crypto applications will emerge simultaneously, nor that finance will not lead the way. The core thought has always been that blockchain introduces a new primitive—capable of coordinating human and capital at internet scale, embedding ownership directly into the system. Finance is the domain where this primitive can most naturally prove its value, which is why we often cite finance as the primary example of productive use cases for tokens.Finance is not separate from a larger vision; it is part of it. It serves as the foundation and testing ground for all other applications. At a16z and a16z crypto, we are looking long-term: our fund structure is designed for a cycle of over 10 years because building new industries takes time—operational sequence is crucial. Infrastructure and distribution networks often emerge before new categories of applications.The internet did not begin with social media, streaming, or online communities; it began with packet switching, TCP/IP, and basic connectivity. Only after hundreds of millions of people went online did entirely new cultural and economic categories emerge. Cryptocurrency is likely to be similar. A reasonable speculation is that we need to onboard hundreds of millions of people through financial applications like payments, stablecoins, savings, and DeFi before we can see meaningful adoption in media, gaming, AI, or other potentially more distant fields.Many applications rely on ready wallets, identities, liquidity, and trust mechanisms. This is why a16z has spent over five years working to establish a clear regulatory framework for tokens. Great endeavors take time. The breakthroughs we see today in the AI field are the result of decades of hard work by outstanding talents. Building a new technological system is a marathon, and this is what a marathon looks like in practice: a long period of groundwork followed by a sharp turning point. It is those chaotic years that make the clarity of the future possible.

Overview of Popular Whales: BTC OG Insider Whale has an unrealized loss of 44 million USD, and Strategy opponent has liquidated a BTC long position worth 210 million USD

According to Coinbob's popular address monitoring, the "BTC OG insider whale" has a total unrealized loss of 44 million dollars. The "Strategy counterpart" significantly increased its SOL long position and completely liquidated its previous BTC long position, which was approximately 210 million dollars. The "CZ counterpart," "ZEC largest short," and "pension-usdt.eth" whale positions have not changed significantly.The changes in whale positions on Hyperliquid from yesterday to today are as follows:"BTC OG insider whale": total position size decreased from 829 million dollars to 817 million dollars; on-chain ETH and SOL are the largest longs.ETH (5x long): position size decreased from approximately 670 million dollars to approximately 660 million dollars, average price 3061.18 dollars, liquidation price 2258 dollars, unrealized loss increased from approximately 33 million dollars to approximately 42 million dollars.BTC (5x long): position size remained unchanged at approximately 90 million dollars, average price 91680 dollars, unrealized loss approximately 1.68 million dollars."Air Force Commander": total position size increased from 266 million to 305 million dollars; on-chain BTC largest short whale BTC (40x short): position size increased from approximately 140 million dollars to approximately 150 million dollars, average price 90107.4 dollars, liquidation price 92000 dollars, unrealized profit decreased from approximately 1.92 million dollars to approximately 1.83 million dollars.ETH (15x short): position size increased from approximately 96 million dollars to approximately 110 million dollars, average price 2966.39 dollars, liquidation price 3043 dollars, unrealized profit increased from approximately 2.12 million dollars to approximately 3.54 million dollars."Strategy counterpart": total position size decreased from 365 million dollars to 332 million dollars; on-chain ETH long TOP2 ETH (15x long): position size increased from approximately 200 million dollars to 250 million dollars, average price 2965.35 dollars, liquidation price 2579 dollars, unrealized profit decreased from approximately 2.77 million dollars to approximately 2.07 million dollars.SOL (20x long): increased position today, size approximately 71 million dollars, average price 128.68 dollars, liquidation price 68.91 dollars, unrealized profit approximately 650,000 dollars. BTC (20x long): previous position size of approximately 210 million dollars has been completely liquidated.

Overview of Popular Whales: BTC OG Insider Whale Gains 45 Million USD, Two Major Segment Whales Both Open New BTC Long Positions

According to Coinbob's popular address monitoring, the BTC OG insider whale has not yet adjusted its position, while the swing whale Strategy has opened long positions on both the opposing side and pension-usdt.eth within the last 3 hours. The specific information is as follows:BTC OG Insider Whale: The overall floating profit of the account is 45 million USD. Its main position is in ETH long, with a floating profit of 34.5 million USD (25%), an average price of 3147 USD, and a position size of about 670 million USD. Additionally, it holds BTC and SOL long positions, with the current total position size of the account being approximately 843 million USD. It is currently the top long position holder for ETH and SOL on Hyperliquid, with the long position held for over 30 days.CZ Opposing Side: The current floating profit for ETH long is 7.1 million USD, with a position size of about 190 million USD and an average price of 3190 USD. Furthermore, its XRP long position is still in a floating loss, with a position size of about 80.6 million USD and a floating loss of 8.3 million USD. The current total position size of the account is approximately 276 million USD, making it the largest long position holder for XRP and the second largest for ETH on Hyperliquid.ZEC Largest Short: Closed the MON short position and increased the WLFI short position, with the current WLFI short position size reaching 2.7 million USD and an average price of 0.1694 USD. The total short position size of its account is approximately 170 million USD, making it the largest short position holder for ETH on-chain.Altcoin Short Army Leader: Significantly took profits on LIT and XPL short positions, with the current LIT short position size at 6.7 million USD, still having a floating profit of 3.2 million USD; the XPL short position size is 1.46 million USD, with a floating profit of 330,000 USD. The total short position size of the current account is approximately 51 million USD.pension-usdt.eth: In the past 2 hours, it has continuously built a 3x leveraged BTC long position, accumulating approximately 802 coins, equivalent to 76.7 million USD, with an average price of 95,600 USD, and is still continuing to build positions.Strategy Opposing Side: In the past 3 hours, it has opened a new 20x leveraged BTC long position, accumulating approximately 20.9 coins, equivalent to 2 million USD, with an average price of 95,700 USD, and is still continuing to build positions. Currently, it holds BTC, ETH, and SOL long positions totaling 257 million USD, with an overall floating loss of approximately 4.2 million USD.

Gate expands TradFi functions, covering gold, foreign exchange, and popular stocks

The cryptocurrency trading platform Gate is continuously expanding its TradFi features, offering users trading services for traditional financial asset contracts for difference (CFDs) that include gold, foreign exchange, indices, commodities, and some popular stocks. This feature marks Gate's further extension of its product system into the trading of traditional financial asset prices.According to the introduction, Gate TradFi contracts use USDx as the margin and account display unit, pegged to USDT at a 1:1 ratio. Users can participate in trading after transferring USDT, without the need for additional exchanges or payment of fees. This product follows the trading rules of traditional financial markets, with fixed trading hours and a fixed leverage ratio for contracts, where foreign exchange, indices, and other varieties support up to 500 times leverage, and stock CFDs support up to 5 times leverage; the margin adopts a full position model, allowing for hedging calculations between long and short positions in the same trading pair, with a single transaction fee as low as $0.018.On the system and risk control level, Gate TradFi provides trading services based on the MT5 system and employs a margin ratio risk control mechanism, which triggers a forced liquidation when the account margin ratio falls to 50% or below. In addition, Gate has launched a TradFi experience activity, offering users up to 110 USDT in experience rewards and up to 3,000 USDT in phased incentives.
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