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Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

In the past 7 days, #Bitcoin's TVL increased by $3.09B, #Etherum's TVL increased by $2.22B, and #Hyperliquid's TVL increased by $1.87B.

Funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

Relevant content

The U.S. super PAC Sentinel Action Fund plans to invest $8 million to support Jon Husted's election campaign.

April 16 – The U.S. super PAC Sentinel Action Fund, backed by the Solana Foundation, announced it will join its sister advocacy group Right Vote in committing $8 million to support Republican Jon Husted’s U.S. Senate re-election bid against Sherrod Brown in Ohio, aiming to block crypto skeptic and former Senator Sherrod Brown from returning to the chamber. Federal Election Commission (FEC) filings show the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital has contributed $250,000.

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Meme Coin BULL Market Cap Surges to $9 million, Up 30% in 24 Hours

April 16th — Per GMGN monitoring, the Solana ecosystem memecoin BULL briefly topped $11 million in market cap last night. It has since retraced to $8.9 million, holding onto a 30% 24-hour gain with $3.4 million in 24-hour trading volume. The memecoin’s earlier rally was fueled by interactions between the official Shib Twitter account and the BULL community’s account. BlockBeats notes that memecoins are extremely volatile, often driven by market sentiment and hype rather than real value or use cases. Investors are advised to exercise caution amid these risks.

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Opinion: Bitcoin Tests Key Resistance Level for the Third Time in Six Months, Failure Could Lead to a Drop Below $60,000

April 16: Per analyst Alicharts, Bitcoin is at a key turning point, testing its 100-day Simple Moving Average (SMA) as resistance—marking the third such attempt in six months. The prior two tests ended in rejection: - Last October: Bitcoin was rejected, triggering a 30% drop from $116,000 to $80,000. - This January: Another rejection led to a 39% plunge from $97,000 to $59,800. Alicharts warned a third rejection here would be a significant structural failure, potentially triggering a triple-top pattern that could push BTC back toward its yearly low of $59,800. If Bitcoin breaks through this barrier and closes above the 100-day SMA, upside potential will open. The breakout would clear a path to $80,000–$84,000, confirming the macro correction may have concluded.

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A whale with a multi-million dollar position opened a 40x long position on BTC, with the stop-loss set at $74,700.

On April 16, per HyperInsight monitoring (https://t.me/HyperInsight): In the past 10 minutes, an address starting with 0x965 opened a 40x-leveraged long position on BTC totaling $12.6 million, at an average price of $74,959 with a liquidation price of $73,980. Shortly after, the address set an extremely tight stop-loss at $74,700—just $200 from the current price. Earlier today, the same address opened tens of millions of dollars in S&P 500 index long positions twice, attempting to chase the rally. Previously, it initiated multiple short positions on crude oil. Overall, the bias leans toward betting on a recovery in risk market liquidity. Address: 0x9657aa2cd45f2cfe77bef47f026bd835edcd165c

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Trump Aide: U.S. Has Ability to Maintain Iran Port Blockade Indefinitely

April 16 — Former Trump senior aide and White House advisor Stephen Miller said that if Iran takes the wrong path, the United States can indefinitely continue blocking Iranian ports. (Al Jazeera)

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In response to the Bitcoin quantum threat, BitMEX has proposed the "Canary" scheme as an alternative to quantum-proofing.

April 16: In response to the BIP-361 "Quantum Freeze" proposal put forward the previous day, BitMEX Research released a research article stating that this one-size-fits-all freeze would have significant impacts—potentially disrupting markets and user funds before a tangible quantum threat emerges. The article also proposes an alternative solution: First, enter a "Canary Watch State" in five years. A special "Canary Fund" address will be pre-deployed on-chain, with cryptographic proof that no one possesses its private key. As long as the address remains unspent, it indicates no functional quantum computer capable of stealing Bitcoin has emerged, and funds in quantum-vulnerable addresses can still be used normally. Only when an on-chain transaction successfully moves funds from this address will it signal that quantum attacks pose a practical threat, triggering immediate activation of the freeze mechanism.

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