Contract Trading Whale AguilaTrades Liquidates Short Position with a "Lightspeed" Exit, Losing $1.866 Million in 12 Minutes

On August 12th, based on HTX market data, Ethereum surpassed $4350 and reached a high of $4366, establishing a new high in this round of the bull market, with a 24-hour increase of 2.76%.

On August 12th, according to HTX market data, due to the influence of the positive news related to fee switching, UNI witnessed a rapid surge of over 8%. It is currently trading at $11.8. BlockBeats had previously reported that the Uniswap Foundation recently proposed to establish a new legal entity named "DUNI" for its governance organization within the "Decentralized Autonomous Non-Profit Association" (DUNA) legal framework in Wyoming. The Uniswap Foundation stated in the announcement that by adopting the DUNA framework, it will open the way for protocol fees. At this point, some of the liquidity provider fees will be transferred to the DAO treasury.

On August 12th, as per The Block, the Uniswap Foundation recently put forward a proposal to establish a new legal entity named "DUNI" for its governance organization within the decentralized non-corporation non-profit association (DUNA) legal framework in Wyoming. The foundation is in charge of supervising the world's largest decentralized cryptocurrency spot exchange. This new legal entity will offer a legal cover while maintaining the existing governance structure of the Uniswap DAO, enabling it to engage service providers, sign contracts, and fulfill regulatory and tax compliance obligations. If the proposal gets approved, the Uniswap DAO will become the largest decentralized organization to adopt this legal framework. According to the proposal terms, the entity will receive $16.5 million worth of UNI tokens to cover past tax obligations and set up a legal defense budget. Since Uniswap has never chosen to be taxed as a corporation, the foundation anticipates paying less than $10 m

August 11th. Based on the monitoring of Onchain Lens, a whale/institutional address starting with 0xe17c once more received 12,020 ETH from FalconX within less than 1 hour. The value of this transaction is $51.51 million. At present, the whale/institution holds a total of 233,186 ETH, which is worth $1 billion. These ETH are distributed across 7 different wallets.

On August 11th, as reported by Arkham Monitor, a whale address beginning with 0x235 received 29,311 ETH from the Galaxy Digital OTC address within the past 24 hours. The value of this transaction is approximately 126 million US dollars.

On August 11th, the initial public offering (IPO) of the crypto exchange platform Bullish received oversubscription after it was upsized. (Bloomberg Terminal) BlockBeats had previously reported that the cryptocurrency exchange platform Bullish, which is backed by Peter Thiel, has expanded its IPO size. It now aims for a valuation of up to $4.82 billion, which is a significant increase from the $4.2 billion target set last week. The new plan is to sell 30 million shares at a price of $32 to $33 per share. At the highest price, Bullish could raise approximately $990 million, which is more than the earlier plan to sell 20.3 million shares at $28 to $31 per share. (Reuters)