A whale deposited 20.5 million U to Hyperliquid to establish a "basket" short position

On July 12th, as monitored by Onchain Lens, a newly established wallet deposited 5.5 million USDC into HyperLiquid and bought 118,856 HYPE at an average price of $46.27.

On July 12th, according to Coinglass data, the top cryptocurrency spot trading funds with net inflows in the past 24 hours are as follows: - The net inflow of XRP is $41.09 million; - The net inflow of TRX is $25.16 million; - The net inflow of BCH is $7.37 million; - The net inflow of RLUSD is $5.76 million; - The net inflow of BNB is $4.75 million. The top cryptocurrency spot trading funds with net outflows are as follows: - The net outflow of ETH is $253 million; - The net outflow of BTC is $223 million; - The net outflow of USDT is $162 million; - The net outflow of SOL is $63.26 million; - The net outflow of PEPE is $43.35 million.

On July 12th, according to CoinGecko data, in the previous 24 hours, Upbit, the largest exchange platform in South Korea, had a trading volume of 5.715 billion USD. The XRP/KRW trading pair accounted for 25.92% of the volume and ranked first in the Korean won market. The remaining top five in terms of trading volume are: HYPER, BTC, ALT, ENA.

On July 12th, Declan Fox, the project lead of Linea, made a post on social media stating that he is prepared to fulfill the LINEA project that was unveiled in Bangkok and will release a detailed announcement later this month. When community members inquired whether it was related to the TGE, Declan Fox replied with a "Yes" to confirm.

On July 12th, as monitored by Farside Investors, the net inflow of the US Ethereum spot ETF yesterday was $204.9 million. This includes: - BlackRock ETHA: +$137.1 million - Fidelity FETH: +$12 million - Bitwise ETHW: +$8.6 million - 21Shares CETH: +$5.1 million - VanEck ETHV: +$6.6 million - 21 Shares CETH: +$0.5 million - Grayscale ETHE: +$10 million - Grayscale Ethereum Mini ETHE: +$25.5 million

On July 12th, as monitored by Farside Investors, the net inflows into the U.S. Bitcoin spot ETF yesterday were $1.029 billion. This includes: BlackRock IBIT: +$953 million Fidelity FBTC: $0 Bitwise BITB: +$6.4 million ARK ARKB: +$23.5 million ProShares BTCO: +$5.3 million VanEck HODL: +$20 million Grayscale Bitcoin Trust: +$20.9 million