A certain whale long 1100 BTC with 40 times leverage, worth 70.54 million US dollars

[Hut 8 Agrees to Pay $2.35 Million to Settle Securities Class Action Lawsuit] According to The Energy Mag, Hut 8 has agreed to pay $2.35 million to settle a securities class action lawsuit filed by investors regarding its 2023 merger with USBTC. The lawsuit alleges that Hut 8 exaggerated the benefits of the transaction during the merger process and failed to adequately disclose operational issues with the King Mountain project in Texas. The settlement plan is still subject to approval by the U.S. District Court for the Southern District of New York. Documents show that the settlement amount represents approximately 19.6% of the plaintiffs' estimated maximum recoverable damages of $12.08 million.

The trader's address 0x7c4... 8e00b holds a 40 times leverage multiple order of 1100 BTC on Hyperliquid, with an opening price of $64509 and a current floating loss of $383000. (Auntie Ai)

According to on chain analyst Ai Yi's monitoring, address 0xa2e... f1468 holds 21000 ETH multiple orders worth $36.33 million, with an opening price of $1728.5 and a floating profit of $32000, making it the eighth largest position in Hyperliquid ETH. Since June, the address has accumulated a profit of $4.29 million from 15 transactions.

Kain Warwick and Benjamin Celermajer, core contributors to Synthetix, have submitted a SIP-423 proposal to phase out sUSD and reform the SNX staking mechanism. The proposal includes freezing sUSD on the Ethereum mainnet and Optimism, allowing holders to exchange 1 sUSD for 4 SNX, canceling the original sUSD pledge ratio requirement, and transferring the remaining debt to a new pledge model. If the income exceeds 10 million US dollars within 2 years of the agreement, 25% will be distributed in USDT form to the old sUSD holders.

Hyperliquid trader Assssdfc short HYPE in May, losing $6.97 million. In June, he made a profit of $1.84 million through trading on US and Korean stocks. The trader recharged 5 million USDC margin 10 minutes ago and reopened SNDK/SKHX/MRVL long positions. Currently, he holds a long position of $16.81 million and has $6.094 million worth of TWAP limit orders waiting to be executed. (Auntie Ai)