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Quick Take A Hyperliquid trader who garnered attention this weekend for opening large shorts before Friday’s crypto crash, reportedly netting over $150 million in profit from their short bet, has opened a new leveraged short with a notional value over $160 million. Some onchain analysts allege tenuous links between the whale’s wallet and Garrett Jin, former CEO of defunct exchange BitForex, though no connection has been proven and the link has been disputed by other analysts.
Quick Take RTFKT co-founder Benoît Pagotto has died at 41, according to public posts from associates. Pagotto was named to Business of Fashion’s BoF 500 list of prominent people shaping the global fashion industry in 2022. Nike announced it would wind down RTFKT in December 2024, as Nike reassessed priorities under a new CEO.
Bitmine-linked wallets accumulated $480M ETH as Ethereum rebounded to $4,150, with technical indicators signalling possible recovery to $4,500.
Solana price rebounded above $190 as rising DEX trading activity and surging derivatives open interest signal renewed bullish momentum.
During the TOKEN2049 conference in Singapore, the POP Night event was held, focusing on the integration of AI, DeFi, and culture. The event explored the development of DeFi 3.0 and DAT technology, and also launched the Web3 virtual idol NP and an ecosystem fund. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.