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「BTC OG Insider Whale」's unrealized loss has narrowed from $76.1 million to $26.6 million, with a total position size of approximately $744 million.

3 hours ago

**Crypto Alert: BTC OG Insider Whale Holds Steady After Averaging Down ETH/SOL Longs** Per data from Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the veteran crypto address labeled “BTC OG Insider Whale” (0xb31) has not adjusted its positions since averaging down its ETH and SOL long positions on December 18. Recent market moves have narrowed its unrealized losses on long positions: the figure has fallen from a peak of $76.15 million to $26.6 million. Its current total position size is roughly $744 million, with $56.46 million in posted margin. Key long positions as of December 22: - **5x ETH Long**: $617M position size, average entry price $3,147, unrealized loss $21.85M (-18%), liquidation price $2,150 - **5x BTC Long**: $89.05M position size, average entry price $91,500, unrealized loss $2.47M (-13%) - **20x SOL Long**: $38.32M position size, average entry price $135, unrealized loss $2.45M (-128%) ### Prior Activity Between the night of December 7 and morning of December 8, the address transferred $70 million from a Binance wallet to Hyperliquid, then opened a 5x-leveraged ETH long with an average entry price of $3,048. It added $50 million on December 10 to increase its ETH longs, followed by another $110 million on December 12—totaling $230 million in inflows. ### Background The address is a crypto OG that held over 50,000 BTC for 8 years without activity before swapping some BTC for ETH. Its trades have closely aligned with statements from former President Trump and U.S. policy shifts. Notably, hours before the major October 11 market drop, it opened a $500 million BTC short, netting nearly $100 million in profits and drawing widespread attention. BitForex CEO Garrett Jin noted the address is linked to some of the exchange’s clients.
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Suspected LIGHT Team Associated Address Deposited $6.4 Million Worth of Tokens into Bitget 6 Hours Before Price Flash Crash

Monitoring from Onchainschool.pro (@how2onchain) shows that on December 22nd, at 10:43 PM last night—six hours before a flash crash in the LIGHT token’s price—$6.4 million worth of LIGHT was transferred from a wallet that had previously received funds from team wallets to cryptocurrency exchange Bitget. Two days prior, the same wallet sent $2.4 million in LIGHT to Bitget, while another $2.4 million was moved to a separate wallet that has remained untouched to date. The wallet address that sent funds to the CEX is: 0xCC727b9077C2ee5c2F780Ce50fC9D8f4f248CFE5

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Hong Kong Aims to Promote Cryptocurrency with New Infrastructure Rules to Guide Insurance Industry Investment

Hong Kong is planning to roll out new regulations for cryptocurrency and its supporting infrastructure to guide insurance industry investment, Bloomberg reported on December 22. The insurance regulator will impose a 100% risk charge on cryptocurrency assets. For stablecoin investments, the risk charge will be determined based on the fiat currency the stablecoin is pegged to under Hong Kong’s regulatory framework. The regulator’s proposal remains subject to potential revisions. A public consultation is scheduled to run from February to April, after which the proposal will be submitted for the legislative process.

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Source: Polymarket is planning to launch its own L2 solution and migrate from Polygon

December 22 — Sources report @polymarketbet has summarized key takeaways from Polymarket team member Mustafa’s recent update in the project’s Discord community, as follows: 1. Polymarket intends to leave Polygon and launch its own Ethereum Layer 2 solution, POLY. The rollout of POLY is a "top priority." (Polymarket’s operations were disrupted by Polygon’s December 18 outage.) 2. Polymarket plans to cut ties with all third-party vendors (including GoldSky, Alchemy, etc.). "These providers are all way too problematic — we’ll be migrating away ASAP." 3. This week, Polymarket will launch 5-minute markets.

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Cryptocurrency KOL Predicts Lighter Valuation: Minimum $15 Billion, $30 to $42 Billion is the Benchmark

On December 22, crypto influencer @ingalvarezsol used metrics including Polymarket’s valuation range (20–30 billion USD), OTC point pricing (90 USD per point), and LIT token’s pre-market price (3.4 USD) to project Lighter’s valuation: - **Minimum (Bear Market Range):** 15 billion USD (tied to its venture capital round financing) - **Bear Market Baseline:** 30–42 billion USD (calculated via reverse-engineering from market/pre-market/point prices) - **Optimistic Outlook (Final Valuation):** At least 75–125 billion USD @ingalvarezsol stressed Hyperliquid and Lighter are fundamentally distinct: - Hyperliquid builds a Web3-native liquidity layer, with profitability driven mainly by retail transaction fees (plus ecosystem dynamics). - Lighter focuses on decentralized trading infrastructure, aiming to onboard fintechs, brokers, and professional market makers over time—while keeping retail execution costs extremely low (including 0% fees on select spot markets). A key catalyst

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Tomorrow, the Aave community will start voting on the "Asset Branding Control Transfer to Token Holders" ARFC proposal.

On December 22, Aave’s community will launch voting on the ARFC proposal titled “Brand Asset Ownership Transfer to Tokenholders” via Snapshot tomorrow at 10:40 AM. Voting will run through December 26. The proposal covers clear definitions of Aave’s brand assets and intellectual property—including domains, social media accounts, naming rights, and more—as well as usage rights and related terms. It also grants the DAO governance control over these assets.

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A certain whale known as "Whale 1011" was liquidated during a sharp price drop, losing $17.94 million. They have now deposited an additional $3 million and are hyping up a 10x long position.

Onchain Lens data indicates a whale tagged "1011" was liquidated for $17.94 million during a sharp market downturn on December 22nd. Notably, the whale deposited an additional $3 million last night to open a 10x leveraged long position on HYPE. Additionally, the whale holds small long positions across BTC, ETH, and SOL, with a combined position value exceeding $10 million.

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