News

OpenSea is urging the U.S. Securities and Exchange Commission (SEC) to clarify that, according to federal securities laws, the NFT market is not an exchange or broker. This argument was put forward by OpenSea's General Counsel Adele Faure and Deputy General Counsel Laura Brookover in a letter to Commissioner Hester M. Peirce on Wednesday.

According to Onchain Lens monitoring, a whale wallet sold 10,702 ETH at an average price of $1576 after being dormant for two years, with a total value of $16.86 million. This whale still holds 6336 ETH, worth $10.53 million.

The Nikkei 225 index rose by 5.3%, South Korea's KOSPI 200 futures increased by 5%, and as a result, the Korean Exchange initiated the sidecar trading halt mechanism, temporarily suspending algorithmic trading for five minutes.

According to data monitored by Farside Investors, yesterday GBTC had a net outflow of 33.8 million US dollars, while BITB had a net inflow of 6.7 million US dollars.

According to on-chain analyst Yu Jing, a certain whale sold off and cleared 5.049 million $VIRTUAL (worth $2.28 million) again 6 hours ago. They have fallen twice in VIRTUAL, losing $8.4 million. In January, they used $13.91 million to buy 503.8 million VIRTUAL at a price of $2.76 each; in early February, they cut their losses and sold at a price of $1.76 each, resulting in a loss of $5.02 million; At the end of February, despite previous losses, they spent another $5.66 million to purchase 504.9 million VIRTUAL at a price of $1.12 each and then sold them all six hours ago for just $.45 each - suffering an additional loss of approximately 3$38million dollars . The total loss from these two transactions is around eight point four ($8..4) Million dollars.

The Nikkei 225 index futures rose by 10% in early trading, and the Nikkei Average VI futures were temporarily suspended due to the triggering of a circuit breaker mechanism.

Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, expressed support for the Department of Justice's announcement to terminate its policy of regulating the cryptocurrency industry through prosecution, and directed the CFTC not to bring lawsuits on grounds of violating registration terms under the Commodity Exchange Act in digital asset-related cases where defendants lack subjective intent. In addition, she has adjusted enforcement department functions to promote rapid resolution of compliance backlogs that do not involve customer harm or market abuse.

According to HyperInsight monitoring, the "40x long BTC" whale address on Hyperliquid has a floating profit of 4.15 million USD, with an entry price for this long position at 78,146.7 USD and a position value of approximately 100 million USD.

Previously, multiple monitors claimed that this address was associated with Mechanism Capital partner Andrew Kang. However, Lookonchain stated that it had verified with Andrew Kang and confirmed that the address does not belong to him.

The price of U.S. Treasury futures is rising, with 30-year U.S. bond contracts leading the way. The 10-year U.S. Treasury futures rose by 11 points, and Federal Fund futures continued to fall, implying a mere 75 basis point cut this year.