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

On December 11, Farside Investors data shows U.S. Solana spot ETFs recorded a net inflow of $4.9 million yesterday. Key fund inflows are as follows: - Bitwise BSOL: +$3.7 million - VanEck VSOL: +$0.5 million - Fidelity FSOL: +$0.4 million - Grayscale GSOL: +$0.3 million

On-chain analyst Ai Auntie (@ai_9684xtpa) reported on December 11 that a whale wallet beginning with 0x31D has deposited 3,373.1 ETH to Binance over the past 7 hours. The deposit is valued at $114.67 million, with an average price of $3,399.70 per ETH. This address previously withdrew 3,593.21 ETH from Binance on October 14 at an average price of $4,051. At one point, it faced an unrealized loss of $5.13 million. If the deposited ETH is sold now, the whale would incur a substantial loss of $2.196 million—but its unrealized loss has narrowed significantly from recent days.

December 11th — Per on-chain data analyst Yu Jin, a whale or institutional investor has swapped 1,469 BTC for 43,647 ETH cross-chain via THORChain over the past two weeks. The transaction is valued at roughly $131 million, with an average ETH price of ~$3,000.

On December 11, Coindesk reported that Bhutan is expanding its national blockchain strategy with the launch of TER—a gold-backed digital token issued by Gelephu Mindfulness City and backed by the country’s sovereign framework. Per a Thursday email announcement, the TER token aims to serve as a new bridge between traditional value storage and blockchain-based finance. It will be issued on the Solana blockchain and distributed/custodied by DK Bank, Bhutan’s first licensed digital bank. In the first phase, investors can purchase TER directly through DK Bank—combining the familiarity of traditional asset acquisition with on-chain transparency. The announcement notes TER is designed to offer international investors a convenient tokenized version of gold, while delivering the benefits of digital custody and global transferability.

December 11th, per monitoring from HyperInsight (via their Telegram channel @HyperInsight), some whales continued accumulating positions today. Key moves include: - The "BTC OG Insider Whale" holding nearly $4 billion in positions; - "Hyperliquid's Largest ZEC Short" expanding ETH and ZEC shorts to become ETH’s top short position. **「Buddy」 Huang Licheng** ETH long position is approaching its liquidation price, with unrealized profit narrowing to ~$1.5 million. - Current position size: ~$36.3 million - Unrealized profit: $110,000 (78% return) - Average entry: $3,260 - Liquidation price: $3,201 *Last night, Huang slightly closed some ETH longs to lower his liquidation price.* **「CZ's Counterparty」** ETH long position has $3.39 million in unrealized profit (open ~36 days). - Position size: $172 million - Average entry: $3,201 Also holds an XRP long: - Position size: ~$78.45 million - Unrealized loss: $10.57 million (-134% return) *Currently the second-

On December 11, Andreessen Horowitz’s (a16z) crypto venture fund, a16z crypto, announced it is expanding its Asia presence by opening a Seoul office and hiring Sungmo Park to lead regional operations. In a blog post, a16z crypto noted South Korea ranks as the world’s second-largest cryptocurrency market. The new office will collaborate with entrepreneurs through activities including forging partnerships, expanding distribution channels, and accelerating regional community growth. Reportedly, Sungmo Park previously served as Head of Asia Pacific at the Monad Foundation and was responsible for market expansion and ecosystem development across East Asia, Greater China, Southeast Asia, and India for Polygon Labs.