The "Insider Whale" high-leverage short selling was partially liquidated again, with a cumulative loss of US$15.7 million
6 hours ago
Odaily News According to Onchain Lens monitoring, the "Insider Whale" was once again partially liquidated, and its 40x leveraged BTC and 25x leveraged ETH short positions were liquidated. So far, the account has lost $16.89 million in this round of transactions, and the overall cumulative loss has reached $15.7 million.
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2025-07-07 05:22:47
Shenzhen: Beware of illegal fundraising in the name of stablecoins
Odaily News Recently, digital currencies represented by stablecoins have received widespread attention from the market. Monitoring has found that some illegal institutions use "financial innovation" and "digital assets" as gimmicks, take advantage of the public's lack of understanding of stablecoins, etc., and absorb funds by issuing so-called "virtual currency", "virtual assets", "digital assets", etc., induce the public to participate in trading speculation, disrupt the economic and financial order, and breed illegal fundraising, gambling, fraud, pyramid schemes, money laundering and other illegal and criminal activities, seriously endangering the property safety of the public. The Shenzhen Municipal Task Force Office for Preventing and Combating Illegal Financial Activities reminds you: Such illegal institutions do not have the qualifications to publicly absorb public deposits without the permission of the national financial management department in accordance with the law or in violation of national financial management regulations. Such institutions use new concepts such as stablecoins to speculate, fabricate so-called "virtual currency", "virtual assets", "digital assets" and other investment projects, publicly falsely advertise and absorb public funds, and breed illegal fundraising, gambling, fraud, pyramid schemes, money laundering and other illegal and criminal activities. (Jinshi)
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Shenzhen: Beware of illegal fundraising in the name of stablecoins
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