# Сопутствующие статьи по теме Crypto

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Crypto", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Hunting Ethereum Bulls: 'Whales' Suffer $7 Billion in Losses, Under Collective Scrutiny

"Whale Hunt: Ethereum Bulls Lose $7 Billion as Market Watches" The crypto market is witnessing a dramatic showdown as two prominent Ethereum "whales," Tom Lee's BitMine and Jack Yi's (易理华) Trend Research, face massive, publicly visible losses on their massive ETH long positions. BitMine, a former Bitcoin miner turned Ethereum treasury, holds 4.285 million ETH (approx. 3.52% of supply) with an average cost of $3,837. With ETH's price plummeting to around $2,350, the company is sitting on an estimated $6.4 billion unrealized loss. Despite this, BitMine remains committed, holding significant cash reserves and generating over $1 million daily from staking yields. In stark contrast, Trend Research took a high-risk, leveraged approach. Using a loop of staking ETH on Aave, borrowing USDT, and buying more ETH, the fund amplified its long exposure. The recent crash from $3,000 to nearly $2,150 forced Trend Research into a desperate survival mode. To avoid mass liquidation, it sold 73,588 ETH (worth ~$169 million) to repay loans, realizing millions in losses and creating a negative feedback loop of selling pressure. Its total losses on the leveraged position reached $613 million. This public struggle highlights the peril of transparent, on-chain leverage, where positions become targets for the entire market. Paradoxically, while these whales bleed, on-chain data shows underlying strength: a record 30%+ of ETH's supply is now staked, indicating long-term conviction and a shift from a speculative asset to a productive, yield-bearing one. This event represents a painful but perhaps necessary deleveraging and redistribution of ETH holdings within the ecosystem.

marsbit02/03 08:40

Hunting Ethereum Bulls: 'Whales' Suffer $7 Billion in Losses, Under Collective Scrutiny

marsbit02/03 08:40

Fallen Blossoms, Alone in the End: The Facade, Backdoor, and Settler of the Crypto World

"Flowers Fall, One Remains: The Facade, Backdoor, and Bill-Payer of the Crypto World" This article uses the allegory of 1990s Shanghai's Huanghe Road—a street of lavish restaurants and fierce competition, reminiscent of the hit TV series "Blossoms Shanghai"—to analyze the current predicament of the cryptocurrency exchange Binance and the broader crypto industry. The core argument is that exchanges, like the show's restaurant "Zhi Zhen Yuan," profit from "taking a cut" (transaction fees) during bull markets, which is tolerated when everyone is making money. However, following a major market crash (a fictional "1011" event where $20B evaporated), this practice becomes a target for blame. The author posits that the subsequent regulatory scrutiny and public outcry against Binance are an inevitable "settling of accounts," where散户 (retail investors) need a scapegoat, competitors see an opportunity, and regulators demand a high-profile sacrifice. The piece argues that while the attack appears political, it is fundamentally about business and survival in a harsh new climate. The industry's "Zhi Zhen Yuan" (Binance) is targeted not necessarily because it did something wrong, but because it is the biggest and most visible success story. The author warns that the industry's infighting and desire to see a giant fall is short-sighted; if the leading light (Binance) is extinguished, the entire street (the crypto ecosystem) loses its luster and could regress. Ultimately, the crisis is framed as a painful but necessary rite of passage for the entire industry. The true "宝总" (a successful character from the show) is not a single savior but every believer who holds onto their conviction (e.g., "one person, one Bitcoin") even after the "flowers have fallen" and the prosperity is gone. The conclusion is a call for unity, suggesting that without it, the industry risks collapsing into irrelevance, leaving behind only "scraps of paper and a cold wind."

marsbit02/03 08:40

Fallen Blossoms, Alone in the End: The Facade, Backdoor, and Settler of the Crypto World

marsbit02/03 08:40

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