A whale previously shorted ETH at $2740, currently facing a unrealized loss of $21.5 million
On August 18th, as per the monitoring of @HyperInsight, a whale (with the address 0x20c2d9...44f5) had previously opened a short position on ETH at $2740 and added $857,000 in margin 5 hours ago. Currently, the position amount of the whale has exceeded $57 million. Affected by market fluctuations, the whale is currently at a floating loss of approximately $21.6 million. If ETH rises to $6073, it will lead to liquidation.
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US Stock Crypto Stocks Open Lower, BNC and BTCS Rise Against the Market on Positive News
On August 18th, according to data from rockflow (rockflow's website: https://rockflow.ai/en/crypto-stocks?utm_campaign=blockBeats, with a target of opening the US stock market), the Dow increased by 0.04%, the S&P 500 index dropped by 0.09%, and the Nasdaq fell by 0.06%. Cryptocurrency stocks generally experienced a decline, including:
- Coinbase (COIN) decreased by 1.34%.
- Circle (CRCL) fell by 0.75%.
- MicroStrategy (MSTR) dropped by 0.65%.
- Bullish (BLSH) went down by 3.22%.
- Bitmine (BMNR) decreased by 3.86%.
- BTCS (BTCS) rose by 1.36%.
- SharpLink Gaming (SBET) fell by 3.56%.
- BNB Network Company (BNC) rose by 9.98%.
Among them, the BNB Network Company (BNC) announced today that it will increase its ownership of 125,000 BNB; BTCS announced that it will distribute a one-time blockchain dividend to shareholders in the form of ETH, with a maximum reward of up to $0.4 per share.
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「BNB Version of MicroStrategy」 BNC Announces Addition of 125,000 BNB, Bringing Total Holdings to 325,000 BNB
On August 18th, as per official information, the fund management business of CEA Industries Inc., BNB Network Company (with the NASDAQ stock code: BNC), announced today that its Strategic Reserve Plan has achieved another significant milestone. The total holdings of BNB have increased to 325,000 coins. This indicates an additional 125,000 coins on top of the initial acquisition of 200,000 coins, further strengthening its status as the world's largest BNB reserve institution.
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ZachXBT: BlockDAG Network as a Scam Project
On August 18th, on-chain sleuth ZachXBT took to social media to state that the BlockDAG Network is a fraudulent project or an investment scam. This project has been conducting a presale for more than 1.5 years, claiming that the presale is "about to end soon," while regularly transferring investor funds to various exchange accounts and using false data for marketing to fuel the retail FOMO sentiment.
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ETHZilla has officially launched its new brand, with a total holding of 94,675 ETH.
On August 18th, as per official channels, ETHZilla Company (traded on NASDAQ: ETHZ) announced the formal launch of a new brand today. This marks a significant step in the company's transformation towards an Ethereum strategic reserve. The formerly known 180 Life Sciences Corp will shift its main non-traditional business to establish an Ethereum (ETH) reserve platform that is "owned and served by the community." Commencing immediately, the company's common stock and public warrants will trade on Nasdaq under the new ticker symbols "ETHZ" and "ETHZW" respectively. Meanwhile, the original ticker symbols "ATNF" and "ATNFW" will be discontinued simultaneously, and shareholders do not need to take any action regarding this transformation.
After successfully completing a $425 million private investment in public equity (PIPE) through common stock and pre-funded warrants, and a $156.25 million convertible note issuance, the company has amassed 94,675 ETH at an average purchase price of $3,902
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