「30-Time Long Loser Whale」 Increases ETH Spot Holdings by Around $6.4 Million, Opening Long Position on Perpetual Contract Simultaneously

On December 9, European Financial Services Commissioner Mairead McGuinness said Tuesday the EU aims to begin implementing its Capital Markets Union (CMU) reform package by 2027—providing the first clear timeline for the initiative. The proposal still needs sign-off from the European Parliament and EU Council, with some member states pushing back strongly against it. Centralizing regulatory authority would bring major clearinghouses, central securities depositories, and trading platforms under the European Securities and Markets Authority (ESMA)’s oversight. Cryptocurrency firms will also fall under ESMA’s regulatory purview. (Everbright)

Per CoinDesk data as of Dec. 9, Singapore Exchange (SGX) Bitcoin and Ethereum perpetual futures have hit $250 million in total trading volume since launching two weeks ago. SGX President Michael Syn noted the products have drawn new liquidity—rather than funds shifted from other exchanges—and are primarily used by institutional investors for spot-futures arbitrage, not just simple long positions.

On December 9, HASHKEY HLDGS launched its initial public offering (IPO), planning to issue approximately 241 million shares globally. The firm expects to list on the Hong Kong Stock Exchange’s main board on December 17. A one-hand subscription requires roughly HK$2,808.04. Positioned as a licensed digital asset platform, HASHKEY HLDGS offers trading matching, on-chain services, and asset management. It has built the HashKey Chain, which supports tokenization of real-world assets (RWA). The company projects 2024 fiscal year revenue of around HK$721 million, with ongoing increases in research and development investment. Based on a median offer price of HK$6.45, net proceeds total approximately HK$14.26 billion—funds earmarked primarily for technology/infrastructure upgrades and global expansion. BiyaPay analysts note HASHKEY HLDGS embodies the trend of compliant digital asset platforms shifting “from trading to infrastructure.” They are optimistic about its long-term growth pote

December 9: On-chain data analyst Murphy noted that BTC balances across exchanges have dropped to just 2.936 million, marking a new cycle low. Far more BTC has been withdrawn from exchanges to be held as reserves than sent in for selling. The last time exchange balances hit this level was in the aftermath of the FTX flash crash on December 17, 2022. Notably, Binance’s BTC balance has exerted notable short-term price pressure: four sharp increases since the start of 2024 have all coincided with a weaker BTC price. Recently, Binance’s BTC balance has continued to decline, setting the stage for a rebound. On-chain data shows whale cohorts holding $1 million+ and $10 million+ in BTC are primarily withdrawing from exchanges, while retail investors (those with <$100,000 in holdings) tend to deposit into exchanges. Analysts say BTC’s rebound from $80,000 isn’t over yet.

According to monitoring from Trend News (https://t.me/trendsnewsCN), the Leviathan Lobster Cult officially launched the second the LORB token hit the market. Everything this lobster’s got going on is giving Jesus vibes—except this cult swapped Jesus out for a giant lobster. But let’s be real: every time we cop a memecoin, we hype it up like we’re part of a religion—praising it, spamming it to our friends, right? Even the totally random Leviathan Lobster? Same energy. At the end of the day, every token purchase is us buying into the narrative and ideals it’s pushing. Right now, the token’s sitting at a $400k market cap, with 24-hour trading volume hitting $1.4M. People are going nuts spreading and hyping it in crypto communities—total cult zealot energy, honestly. Turns out we’re all zealots for niche meme cults: buying tokens is just our offering to the “deity” of whatever we’re stanning.

**December 9 — IPFLOW.FUN, a Solana-based platform for tokenizing IP assets, announced that its first Chinese drama-themed token, “All-In LOL,” wrapped up its public sale on December 8, raising 2,255 SOL. More than 1,200 unique addresses participated, with 5% of the tokens set to be airdropped to holders of the platform’s JellyLore NFT collection.** **Immediately after the public sale closed, token distribution began, and liquidity provider (LP) funds were automatically migrated to Raydium. The token has surged 300% from its public sale price, currently trading at 0.0008 USDT.** **The token is officially licensed from the hit drama *I Went All-In to Win* (which boasts 1 billion views), blending meme market virality with perks like drama royalties distribution.**