Odaily News LD Capital founder, whale JackYi, published the simplest reason for ETH bullish on X, "Currently, CME short positions are worth $1.3 billion, AAVE short positions are worth $1 billion, and short positions on various trading platforms are about $3 billion. A total of about $5 billion of ETH short orders will be forced to short, and the short squeeze may push ETH to $3,000, or even $3,500 to $4,000. This is the core reason for holding 100,000 ETH call options." It was previously reported that LD Capital founder JackYi currently holds 100,000 ETH options. Trend Research, a subsidiary of LD Capital, is openly bullish on ETH, currently holding 142,000 ETH and making a floating profit of $42.35 million. Trend Research said that the agency started to build long positions at $1,400 for ETH this round, and wrote a research report at $1,800, which was the first bullish position among the institutions in the entire network.

Odaily News According to OnchainDataNerd, a wallet suspected to be associated with Cumberland withdrew 10,200 ETH (about 28.54 million USD) from Binance 30 minutes ago. 20 hours ago, the address deposited 30 million USDC to Binance for position building. This operation was carried out when the ETH price was in the range of 2790 USD.

Odaily News According to Lookonchain monitoring, a whale unstaked 1.33 million SOL (about $221 million) 2 hours ago, and then quickly deposited 380,000 SOL (about $63.3 million) to Binance, Bybit, OKX and Coinbase through FalconX. Currently, the address still holds 950,000 untransferred SOL (about $158 million).

Odaily News Monad co-founder Keone Hon said in a post on X that the foundation team has sent out initial invitations to participate in Testnet-2, but may still have missed some independent validators who are technically proficient and like to hack on the PoS network. Interested validators can contact the Monad Foundation by email to apply for participation.

Odaily News According to market data, Tesla's U.S. stocks rose more than 2% before the market opened. Earlier, Musk said on the X platform that he regretted some of his posts about U.S. President Trump last week, saying that the content of the posts was too extreme.

Odaily News Hypurrscan data shows that the 20x long BTC whale once again deposited 10 million USDC to Hyperliquid to increase its position. Its current position is as follows: The 20x long BTC position has a nominal value of US$412 million, approximately 3767.84 BTC, an opening price of US$108,593.4, a liquidation price of US$102,820, and a floating profit of US$3.5 million.