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Binance Hired Trump Ally to Lobby the White House, Paid His Firm $450,000 Last Month

2025.10.25 22:56:19

October 25th. As per the politico report, Donald Trump Jr.'s hunting companion and the North Carolina lobbyist Ches McDowell is evolving into one of the highest-earning lobbyists in Washington. His firm, Checkmate Government Relations, has achieved a revenue of $7.1 million merely in the past three months, even though the company just opened its Washington office earlier this year. According to the disclosure reports, Binance engaged McDowell at the end of September to lobby on financial policy matters and "administrative relief" issues in the White House and the Treasury Department. Binance has paid Checkmate $450,000 for its services over the past month. However, CZ's pursuit of a pardon has been ongoing for more than just a month. As early as February of this year, just three weeks after Trump was sworn in as the President of the United States, Binance and CZ themselves hired a prominent cryptocurrency lawyer, Teresa Goody Guillén. Trump had contemplated appointing her as the chair of the U.S. Securities and Exchange Commission (SEC). Her law firm's reports show that she has received a total of $290,000 in fees from Binance and CZ so far this year. McDowell and Goody Guillén have not responded to requests for comments.
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「CZ's Countertrade」 Whale's ETH and XRP Long Positions See Unrealized Losses Expand to $24.93 Million

Dec 7 – Per monitoring from HyperInsight (https://t.me/HyperInsight), Ethereum (ETH) fell below $3,000. Unrealized losses on the "CZ’s Counterparty" whale address (0x9ee) for its ETH and XRP long positions widened to $24.93 million. - **ETH long position**: Unrealized loss = $13.55M; Position size ≈ $154M; Average entry price = $3,201; Liquidation price = $2,497.2 - **XRP long position**: Position size ≈ $77.63M; Average entry price = $2.29; Unrealized loss = $11.38M Earlier, the address purchased ASTER on Nov 2 following CZ-related news, then opened a large 3x leveraged short position—becoming the largest ASTER short holder at the time. It closed the position to break even on Nov 17, and has since shifted to ETH long trades, with partial liquidation occurring.

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「Whale」 Buddy closed out his ETH long position, took profit, and then went long again with a 2100 ETH position.

On December 7th, on-chain analyst Ai Yi (@ai_9684xtpa) reported that when Ethereum (ETH) fell to $2,900, a trader holding a long ETH position was liquidated—incurring a $738k loss. The account then opened a new long position using 2,100 ETH (valued at $6.18M at the time). Its balance briefly rebounded to $3M but now sits at just $227k.

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In the past 1 hour, there was a total of 157 million USD worth of liquidations across the entire network, with the majority coming from long positions.

On December 7th, Coinglass data reveals $157M in liquidations across the entire crypto network over the past hour—with long liquidations totaling $155M and short liquidations just $2.45M.

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Bitcoin Drops Below $88,000

On December 7th, Bitcoin dropped below $88,000, per HTX market data, posting a 2.2% 24-hour decline.

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Ethereum Drops Below $3,000

Dec. 7: Ethereum (ETH) has fallen below $3,000, per HTX market data, with a 1.61% drop over the past 24 hours. ### 改写说明(符合美国快讯语言习惯): 1. **简洁时间表述**:用`Dec. 7`替代`December 7th`(美国媒体快讯常用缩写); 2. **清晰标的标注**:补充`(ETH)`(以太坊英文简称,美国加密市场通用); 3. **自然数据引用**:用`per HTX market data`替代`according to HTX market data`(更简洁符合快讯语境); 4. **口语化/常用表达**:保留`$3,000`(或可简化为`$3k`,但保留整数更正式),`over the past 24 hours`比`24-hour decrease of`更符合美式表达逻辑; 5. **紧凑结构**:调整语序为「时间+标的+核心事实+数据来源+补充信息」,符合美国财经快讯的阅读节奏。 若需更口语化(适合社交平台快讯): `Dec. 7: Ethereum (ETH) drops below $3k, HTX data shows — 1.61% down in 24 hours.`

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Bitcoin HODL Strategy currently has an unrealized gain of 19.3%, approximately $9.35 billion.

As of December 7th, Bitcoin is trading at $88,826, according to HTX market data. The Strategy’s Bitcoin position currently shows an unrealized gain of 19.3%—roughly $9.35 billion. As of November 30, 2025, the Strategy holds 650,000 BTC, with a total value of approximately $483.8 billion and an average cost of around $74,436 per BTC.

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