17m agoMachi Big Brother Huang Licheng Adds $200,000 to HyperLiquid, Lifting 25x ETH Long to $9.5MHuang Licheng, also known as Machi Big Brother, deposited another $200,000 to HyperLiquid on Dec. 13, bringing his 25x leveraged ETH long position to $9.5 million, HyperInsight data show. The position has an entry price of $3,212.48 and a liquidation price of $3,022.71.28m agoBTC OG Whale Lifts ETH 5× Long to $540 Million; Total Longs Exceed $620 MillionA BTC OG whale lifted its ETH 5× leveraged long position to $540 million on Dec. 13, while combined BTC, ETH and SOL leveraged longs are valued at over $620 million, HyperInsight data show. The ETH position uses 5× leverage and is marked at $540 million, with pending limit long orders indicating an additional $17 million intended between $3,030 and $3,051.8; the current entry price stands at $3,173.36 with a floating loss of $20 million. The BTC 5× leveraged long is valued at $90 million, opened at $91,506.7 and showing an unrealized loss of $2 million, while the SOL 5× leveraged long stands at $34 million with a $137.5 entry and a $1.5 million unrealized loss.38m agoU.S. Crypto-Linked Stocks Fall as Nasdaq 100 Drops 2% Intraday on Dec. 13U.S. crypto-related equities traded sharply lower on Dec. 13 as the Nasdaq 100 Index declined 2% intraday, market data cited by BlockBeats show. Strategy (MSTR) fell 2.13%, Circle (CRCL) lost 6.3%, and Coinbase (COIN) dropped 1.56%. MARA Holdings (MARA) slid 3.2%, Riot Platforms (RIOT) was down 3.4%, BitMine Immersion (BMNR) declined 6.7%, and SharpLink Gaming (SBET) retreated 4.4%.51m agoRipple, BitGo, DigitalAssets, Paxos, Circle Receive Conditional OCC Trust Bank Charter ApprovalsRipple, BitGo, DigitalAssets, Paxos and Circle received conditional approvals for trust bank charters from the U.S. Office of the Comptroller of the Currency on December 13, BlockBeats reports. The approvals allow the five companies to pursue federal trust banking operations under OCC oversight.52m agoBitGo Receives Conditional OCC Approval to Convert South Dakota Trust into National BankCrypto custodian BitGo received conditional approval from the U.S. Office of the Comptroller of the Currency on Dec. 13 to become a banking institution, The Wall Street Journal reports. Once final approval is secured, the company plans to convert its South Dakota-chartered trust company into a federally chartered national trust bank. The new entity would be able to custody digital assets and certain non-deposit financial assets, and offer regulated crypto-related services without needing state-by-state authorization, BitGo said.54m agoU.S. OCC Grants Conditional Approval to Ripple National Trust Bank for RLUSD ServicesRipple National Trust Bank received conditional approval from the U.S. Office of the Comptroller of the Currency on Dec. 13, BlockBeats reports. The proposed national trust bank, under Ripple Labs Inc., will provide trust and custody services supporting Ripple's digital asset business, focusing on the issuance, management, and custody of Ripple's U.S. dollar stablecoin RLUSD.1h agoCrypto Liquidations Hit $184M in One Hour, Longs Account for 99%Crypto markets recorded $184 million in liquidations over the past hour, with long positions accounting for $182 million and shorts for $3.27 million, Coinglass data show on December 13. In the past 24 hours, 115,515 traders were liquidated globally, totaling $395 million. The largest single liquidation occurred on Hyperliquid's ETH-USD market, valued at $5.6806 million.1h agoBitcoin Falls Below $90,000, Down 0.02% in 24 HoursBitcoin fell below $90,000 on Dec. 12, reversing earlier gains to trade down 0.02% over 24 hours, HTX data show. The decline marked a shift from positive to negative territory during the trading period.
1h agoWhale Trader Huang Licheng Liquidated for 6,489 ETH, Weekly Losses Hit $2.44MWhale trader Huang Licheng, known as "Machi Big Brother", was liquidated on 6,489 ETH on Dec. 12, incurring a loss of $720,000, on-chain analyst Ai Auntie (@ai_9684xtpa) reports. He now holds a remaining long position of 2,500 ETH worth $7.79M, with a liquidation price at $3,074.62 and an unrealized loss of $314,000. Huang's account balance dropped to $340,000, with total losses over the past week reaching $2.44M.1h agoTom Lee says Strategy's $1.4B cash buffer protects Bitcoin treasury and dividendsBitMine Chairman Tom Lee said on Dec. 12 that Bitcoin treasury firm Strategy's move to build a $1.4B cash reserve is a "wise decision," as it allows the company to keep paying shareholder dividends during Bitcoin price declines without liquidating its $61B Bitcoin holdings, BlockBeats reports. He noted Strategy's shares traded below net asset value during the previous Bitcoin downturn, and the current cash buildup addresses a similar scenario, even though the stock has fallen more than 50% over the past six months. Lee added BitMine, which he described as the largest ETH treasury company with over $12B in Ethereum, has not set up a formal U.S. dollar reserve, but its cash and staking income can likewise help safeguard the firm during weak market conditions.
