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  • 00:56
    Data: Andrew Kang significantly increased BTC and ETH short positions, with an unrealized loss of $605,000 in the account
    According to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) recently detected that addresses associated with Andrew Kang have been frequently adjusting their positions. The latest actions include increasing BTC short positions to 362.49 coins (approximately $39.97 million), increasing ETH short positions to 6,995.72 coins (approximately $27.81 million), closing HYPE long positions (with a loss of $123,000), and partially reducing ENA long positions (with a profit of $1.615 million). Currently, the account holds a total of $67.79 million in short positions and $2.92 million in long positions, with an overall unrealized loss of $605,000.
  • 00:48
    Addresses associated with Andrew Kang currently hold a total short position of $67.79 million.
    According to a report by Jinse Finance, on-chain analyst @ai_9684xtpa monitored that although BTC is falling, the short positions associated with Andrew Kang are currently at an unrealized loss. Last night, he made some moves and increased his short positions in both BTC and ETH. 1. Closed HYPE long position, with a loss of $123,000 2. Reduced part of ENA long position, with a profit of $1.615 million 3. Increased BTC short position to 362.49 BTC, approximately $39.97 million 4. Increased ETH short position to 6,995.72 ETH, approximately $27.81 million As of now, he holds a total of $67.79 million in short positions and $2.92 million in long positions, with a total unrealized loss of $605,000 in the account.
  • 00:28
    Solana Company allows early investors to unlock PIPE financing round shares ahead of schedule, a certain exchange's stock price plunges 60%
    Jinse Finance reported that digital asset treasury company Solana Company (HSDT) announced on Monday the early unlocking of $500 million PIPE financing round shares, which were sold in September at a price of $6.881 per share, allowing early investors to sell their shares ahead of schedule. The company described this move as a "rip off the band-aid" strategy aimed at building a long-term shareholder base. Following the announcement, HSDT's stock price has dropped to around $6.50, plunging nearly 60% over three consecutive trading days, with a 17% drop on Monday alone. PIPE financing (Private Investment in Public Equity) has become the preferred method for emerging digital asset treasury companies to quickly raise funds for purchasing cryptocurrencies. However, as several companies have seen their stock prices crash after the unlocking period, the sustainability of this model in the crypto market is being questioned.
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