Sheng Bao Group: This Week's Data Could Prompt Repricing of US Rates

On December 16, blockchain analytics platform Lookonchain reported that a wallet tied to Lido founder Konstantin Lomashuk sold 14,585 ETH in the past hour. The sale was completed at an average price of $2,928 per ETH, totaling roughly $42.71 million.

On December 16, 360 Group founder and chairman Zhou Hongyi issued a statement denouncing malicious defamation by a former associate. The statement identifies the individual as Yuhong, who previously led Gamewave—a gaming firm acquired over a decade ago by Qihoo 360, 360’s original U.S.-listed entity. Yuhong joined a 360 subsidiary in 2014, left in 2015 for personal reasons, and never held a core management role at 360 Group during his tenure. 360 stressed that claims of "financial fraud" and similar accusations are **completely inconsistent with the facts**. In response to the malicious slander, the company said it will take legal action to hold the individual liable and defend its reputation and legal rights. Earlier today, BlockBeats reported that Yuhong—also the founder of XMAX—launched a scathing attack on Zhou late at night across WeChat Moments and group chats. He alleged he helped Zhou falsify accounts totaling at least tens of billions of yuan, claimed to have evidence

On December 16, Bitget launched its 6th Stock Token Zero-Fee Trading Competition. During the event, users will be ranked by the cumulative trading volume of tokens including CRCLon, TSLAon, and MUon. Those finishing in the top 1 to 428 will each receive an airdrop of 50 to 800 BGB. Detailed rules are published on Bitget’s official platform. Users can click the "Join Now" button to register and participate. The event runs from 7:00 PM on December 16 to 11:59 PM on December 18 (UTC+8).

On December 16, cryptocurrency exchange Gemini announced the official launch of its prediction market product, Gemini Predictions, across all 50 U.S. states. Offered by affiliate Gemini Titan, the service allows users to trade on real-world event outcomes with near-real-time execution and transparent settlement. The launch follows shortly after Gemini Titan secured a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC), qualifying it to legally offer prediction market products in the country. Gemini noted the prediction market rollout is the latest step in building its "one-stop super app." Beyond crypto trading, users can stake assets, earn rewards, trade tokenized stocks, and access the prediction market. This move aligns with the industry’s shift toward all-in-one platforms—exchanges like Coinbase and PancakeSwap are also accelerating their prediction market product launches. After years of regulatory uncertainty, the U.S. predi

On December 16, Binance Alpha has listed Magma Finance (MAGMA).

December 16 – Per data from Coinbob Popular Address Monitor, all top 50 addresses in BTC and ETH’s top holder profit rankings are in the bear camp. The two leading addresses by profit and short position size are **“Ultimate Bear”** and **“Hyperliquid’s Largest ZEC Short”**, each with over $10 million in unrealized gains. ### Key Short Positions: - **Ultimate Bear (BTC short):** ~$62.19M position size, average entry price $115,000, liquidation price $97,000, unrealized gain $18.17M. - **Hyperliquid’s Largest ZEC Short (ETH short):** ~$92.54M position size, average entry price $3,377, liquidation price $4,163, unrealized gain $14.20M. Bulls are nearly all in losses, with **“BTC OG Insider Whale”** (the top holder across BTC/ETH) posting a total unrealized loss of nearly $52 million. The second-largest long addresses are “pension-usdt.eth” and “CZ’s Counterparty.” ### Key Long Positions: - **BTC OG Insider Whale:** - ETH: ~$559M position, average entry $3,167, liquid