Author: Ethan Carter

Jeffrey Huang, a Taiwanese music icon and prominent digital asset investor known as “Machi Big Brother,” is currently confronting a floating loss of nearly $9 million on his Hyperliquid account.The account “0x020c” linked to Huang, a notable Bored Ape Yacht Club collector, is nearing a floating loss of $9 million on the decentralized exchange (DEX) Hyperliquid.Having profited approximately $44 million just 13 days ago, Huang now faces an unrealized loss of $8.7 million on a 5x leveraged long position that bets on the price rise of the Plasma (XPL) token, according to blockchain data from Hyperdash. The position has a…

US broker-dealer Alpaca has introduced an Instant Tokenization Network (ITN) enabling institutions to directly mint and redeem tokenized US stocks, a development that could enhance on-chain liquidity in a segment of the tokenization market still limited by structural constraints.The ITN allows institutions to tokenize portfolios with a singular API call and redeem tokens in-kind for the underlying shares without experiencing settlement delays, as disclosed by Alpaca on Wednesday. The service extends beyond traditional market hours, offering round-the-clock access.By facilitating in-kind redemptions — directly exchanging tokens for their underlying assets instead of settling in cash first — the network seeks to…

Key takeaways: With inflation reaching 229%, pricing in Venezuela is often set in USDT “Binance dollars,” primarily followinglive P2P rates.There are three existing dollar rates (official, parallel, and P2P), but merchants typically adhere to the P2P rate.The government permits dollar-backed cryptocurrencies on exchanges, though it has not legalized dollarization.Venezuela is recognized as a global crypto hub: Stablecoins, predominantly TRC-20 USDT, are used for small transactions.In Caracas, receipts frequently display totals in “Binance dollars” due to the shift away from the Venezuelan bolívar towards blockchain pricing.With an annual inflation rate around 229% as of May 2025, daily prices align with three references:…

OranjeBTC, equipped with a treasury of 3,650 Bitcoin, is making strides onto Brazil’s B3, bolstered by significant support from the Winklevoss twins among others. This initiative provides a regulated avenue for local investors interested in the original cryptocurrency’s unpredictable market. Summary OranjeBTC, supported by the Winklevoss twins, is set to list on Brazil’s B3 through a reverse merger with Intergraus. The company enters the exchange holding 3,650 BTC, providing investors with a regulated means to invest in bitcoin. According to founder Guilherme Gomes, the objective is to enhance reserves while improving access to cryptocurrency in Brazil. On Oct. 1, Reuters…

Roman Storm, co-founder of Tornado Cash, has requested a US federal judge to clear him of his sole conviction for unlicensed money transmission and the jury’s unresolved charges regarding money laundering and sanctions violations, contending that prosecutors did not establish he intended to aid bad actors in misusing the crypto mixer.According to legal documents submitted on Sept. 30 to the US District Court for the Southern District of New York and analyzed by Cointelegraph, Storm’s defense argued that prosecutors failed to demonstrate his intent to assist bad actors using Tornado Cash. This, the defense asserts, would invalidate the basis for…

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The crypto trading platform Bullish, aimed at institutions, has launched in 20 US states following the acquisition of a BitLicense and a money transmission license from the New York financial services regulator last month.On its first day, Bullish initiated spot trading with two institutional clients: crypto infrastructure firm BitGo and crypto brokerage Nonco, it announced on Wednesday.Source: BullishAmong the largest states where Bullish is now operational are California, Florida, Arizona, Washington, DC, and New York, where the New York State Department of Financial Services granted Bullish’s BitLicense and money transmission license.In New York, a BitLicense is mandatory for transmitting, custodying,…

A SUI treasury is taking a daring leap by launching two stablecoins built on its blockchain. SUI Group has teamed up with Ethena Labs to roll out these tokens by the end of 2025. The initiative aims to enhance the utility of SUI’s blockchain, potentially creating a new application for altcoin DATs globally. However, significant regulatory and marketplace challenges could jeopardize the entire project.Sponsored Sponsored SUI Treasury Introduces Stablecoins In July, Mill City Ventures made headlines by rebranding to SUI Group, a digital asset treasury (DAT), successfully raising $450 million for token investment. Just a month ago, it disclosed a…

Summary of Insights:The yields on US 10-year Treasuries decreased, indicating a rising risk aversion and increased demand for secure assets.Spot Bitcoin ETFs saw inflows of $430 million, while equities remained subdued, suggesting a possible decoupling from traditional markets.Bitcoin (BTC) hit a two-week high on Wednesday amidst the ongoing US federal government shutdown. Nonetheless, investors are cautious, recalling that the shutdown in 2018 led to a sell-off over fears of slower economic growth.With no resolution in sight, federal agencies have been instructed to implement contingency plans, which means hundreds of thousands of employees are forced to remain at home. The focus…

Taiwanese music star and prominent digital asset investor Jeffrey Huang, popularly known as “Machi Big Brother,” is dealing with a floating loss of nearly $9 million in his Hyperliquid account.The account “0x020c,” linked to Huang, a well-known collector of Bored Ape Yacht Club, is nearing a floating loss of $9 million on the decentralized exchange (DEX) Hyperliquid.Just 13 days ago, he boasted a profit of around $44 million but now faces an unrealized loss of $8.7 million on a 5x leveraged long position, which speculates on the price rise of the Plasma (XPL) token, as reported by blockchain data from…