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A whale address shorted Ethereum with 18 times leverage, resulting in a daily loss of $8.44 million

2025-07-17 00:18

According to BlockBeats, on July 17th, according to Lookonchain monitoring, a whale address starting with 0x2258 voluntarily closed its 18 times ETH short position on Hyperliquid before being liquidated, when Ethereum rose by over $3300. It still lost $8.44 million in one day.

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Today 2025-07-17

05:37

OORT user generated dataset has been launched on multiple mainstream data platforms, with an expected annual revenue of $1 million

On July 17th, according to Crypto.news, the tool dataset generated by OORT users on the decentralized AI data platform has been released Google Cloud Analytics Hub、Databricks Marketplace、Snowflake Marketplace、Datarade Waiting for the launch of mainstream enterprise data markets and planning to launch SAP Datasphere Marketplace. This dataset contains over 100000 user contributed data points, with prices ranging from $2000 to $10000. OORT expects this launch to generate approximately $1 million in annual revenue, with some of the revenue going towards repurchasing and destroying its native tokens. OORT stated that this is the first Web3 native dataset to be provided to enterprise users through these platforms. The platform currently has over 300000 registered users and 80000 daily active contributors, and all data can be traced on chain. It has also integrated Binance Wallet to support multi chain access.

04:50

Thai SEC and central bank plan to launch 'crypto sandbox'

According to Golden Finance, the Securities and Exchange Commission (SEC) of Thailand and the Bank of Thailand plan to launch a crypto regulatory sandbox for foreign tourists, allowing them to exchange digital assets for Thai baht through licensed platforms and use them through locally regulated electronic payment services. The plan is currently in the public hearing stage, with an initial service period of up to 18 months. It prohibits direct encrypted payments and requires conversion into fiat currency for transactions. This policy aims to enhance tourism competitiveness through the use of encrypted financial technology and is expected to be implemented with the participation of compliance agencies including Gulf Binance. However, the Tourism Commission of Thailand (TCT) warns against hasty implementation and calls for strengthening anti money laundering measures and improving overall ecological preparedness.

04:17

EU suspends investigation into X platform during US European trade negotiations

According to Golden Finance, the European Commission has suspended its investigation into Elon Musk's X platform for violating the EU's Digital Services Act, and the EU is currently working to complete trade negotiations with the United States. According to three officials, the EU originally planned to complete the investigation before the summer recess, but now it will not be able to do so before this deadline. They pointed out that relevant decisions may be made once the results of the EU US trade negotiations are clear. The EU has launched multiple investigations into X under the Digital Services Act, which has become a contentious issue between the EU and large US tech companies supported by the Trump administration, who claim that the EU is unfairly targeting US companies. EU officials have stated that trade negotiations have made all decisions related to the United States particularly sensitive, as no one wants to offend Trump and exacerbate the transatlantic trade conflict. (Golden Ten)

04:02

Stable coin payment service platform Kun KUN has completed its Series A financing, with BAI Capital and other investors participating, raising a total of over 50 million US dollars in financing

Odaily Planet Daily News: Kun KUN, a stablecoin payment service platform, has completed its Series A financing, BAI Capital、GSR Ventures、 A Hong Kong listed company and Eternium Global have participated in the investment, with a total financing amount exceeding 50 million US dollars. Kun KUN is an innovative technology enterprise with stablecoin payments and financial services as its core, based on licensing and compliance systems in Hong Kong, Singapore, and Europe, serving emerging markets such as the Greater Bay Area, Southeast Asia, the Middle East, Africa, and Latin America. Kun KUN has established three major business lines: payment, asset management, and card issuance, covering various products such as enterprise accounts, asset management services, deposit and withdrawal, and card issuance services.

03:58

US spot BTC ETF net inflow for 4 consecutive trading days, reaching $2.51 billion

According to AiCoin monitoring, over the past 4 trading days, funds from the US spot BTC ETF have continued to flow in, reaching $2.51 billion. During this period, the largest inflow was IBIT, with a total of $2.528 billion; Next is BTC, with an inflow of $57.5 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only