BlockBeatNews

BlockBeats news, on May 17, according to Lookonchain monitoring, as the market led to a broad fall in altcoins, an address that previously invested 2.95 million USD in a 25x ETH short order, as well as 10x leveraged short orders for PEPE, WIF, and OP, has realized unrealized gains of 2.4 million USD in less than 4 hours. It is worth noting that before this high-leverage shorting operation, the address had been inactive for 4 years.

BlockBeats news, on May 17, according to monitoring by Farside Investors, yesterday Fidelity had a net inflow of FBTC of 67.9 million USD and a net inflow of FETH of 13.6 million USD.

BlockBeats news, on May 17, according to OnchainLens monitoring, a certain Whale Address deposited 2.95 million USD into HyperLiquid and opened multiple short positions, including: - 25x leverage ETH short order - 10x leverage PEPE, WIF, and OP short orders. Currently, the total value of its short positions exceeds 66.75 million USD, with unrealized gains of 1.26 million USD.

According to BlockBeats news on May 17, on-chain data analyst Yu Jin monitored that "Brother Magi" Huang Licheng deposited 750,000 USDC into Hyperliquid 9 hours ago, exchanging it for 27,282 HYPE at an average purchase price of 27.5 USD.

BlockBeats news, on May 17, according to Coinglass data, the total liquidation across the network in the past 24 hours was 248 million USD, with long orders getting liquidated for 188 million USD and short orders for 59.84 million USD.

BlockBeats news, on May 17, possibly influenced by the news that "Musk changed the X avatar to the 'Kekius Maximus' themed MEME image", KEKIUS briefly rose over 50%, with a market capitalization of 44.7 million USD.

BlockBeats news, on May 17, Musk changed the nickname of his X account back to "Elon Musk", which was previously "Gorklon Rust".

BlockBeats news, on May 17, according to market news, The Federal Reserve (FED) will cut about 10% of its workforce in the coming years. (Jin10)

BlockBeats news, on May 16, Alon Cohen, co-founder of pump.fun, posted on social media that the CTO function for creator revenue sharing is about to go live.

JUST DAO officially announces the launch of the orderly transition plan for USDJ, suspending new deposit and borrowing functions starting from May 16, gradually lowering the collateral factor, and recommending users to replace with other assets, maintaining liquidity and exchange channels on the DEX until August 31.