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  • 07:04
    Solomon Labs successfully raised 100 millions USD in the MetaDao public offering
    According to Jinse Finance, market sources report that Solomon Labs raised $100 million in the public offering of MetaDao at the last moment, making it the second highest fundraising project for MetaDao, second only to UmbraPrivacy. Previously, the project's fundraising amount had remained in the $3 million to $5 million range for several days. As a result, all users on Polymarket who predicted Solomon's fundraising would fall into ranges such as $20 million, $40 million, or $100 million were "wiped out." Meanwhile, a suspected insider address "KimballDavies" chose the low-probability "yes" option for all related events, earning a total profit of over $500,000.
  • 07:04
    Malaysia's national power company Tenaga Nasional loses over $1 billion due to electricity theft from crypto mining
    Jinse Finance reported that Malaysia's Ministry of Energy stated that from 2020 to August this year, the country's state-owned utility company, Tenaga Nasional Bhd (TNB), has lost over $1 billion due to illegal electricity usage by cryptocurrency miners. In a written parliamentary reply released by the Ministry of Energy and Water Transformation on November 18 (Tuesday), it was revealed that during this period, Tenaga Nasional (stock code: TENA.KL) discovered 13,827 locations where illegal electricity was used for cryptocurrency mining. The ministry pointed out that illegal electricity usage for cryptocurrency mining (especially bitcoin mining) has caused an economic loss of 4.6 billion ringgit (approximately $1.11 billion), and added that Tenaga Nasional is cooperating with relevant departments to curb electricity theft. Although Malaysia currently has no specific laws regulating cryptocurrency mining, under the Electricity Supply Act, tampering with electricity meters or bypassing meters through illegal wiring is considered illegal. The Ministry of Energy stated that through joint operations with the police, communications regulators, anti-corruption agencies, and other law enforcement departments, Tenaga Nasional has seized multiple bitcoin mining machines at the involved locations.
  • 06:53
    Data: $97 million in liquidations, ZEC whale short position floating profit at 130%, several $20 million whale positions have liquidation prices around $6.54 million
    According to ChainCatcher, the BTC whale (0x7b7) who previously suffered a precise loss of $97 million has partially closed the ZEC short position opened and rolled over yesterday, with a current unrealized profit of $2.4 million (134%). The current position size is about $19 million. Compared to yesterday: liquidation price was $683—now $655, average price was $666—now $661. This address is known as a prominent player on Roobet and Stake.com. Since transferring $7 million into Hyperliquid on November 6, it has experienced significant losses with only minor gains. On November 17, the whale was targeted while shorting BTC, resulting in a single liquidation of nearly $97 million. Additionally, monitoring shows that three whales on Hyperliquid, each holding positions of around $20 million, have liquidation prices between $653 and $655, and average prices ranging from $621 to $661. All of these are new whale addresses that opened positions starting yesterday.
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