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A certain new address 10x long 218.6 BTC, short 5,294 ETH, hedge profit about $50,000

2 hours ago

Per Lookonchain data as of December 25th: A new wallet (0x89BC) has deposited 4 million USDC into Hyperliquid over the past 4 days to execute BTC longs and ETH shorts, currently sitting on ~$50k in net profit. Current Positions: - 10x BTC Long: 218.6 BTC (~$19.15M) | Unrealized Loss: $88k - 10x ETH Short: 5,294 ETH (~$15.59M) | Unrealized Gain: $139k
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James Wynn Predicts Again: Bitcoin Should Rebound by At Least 10%

December 25th: Famed "Bankruptcy Whale" James Wynn doubled down on his bold prediction Tuesday, saying Bitcoin could double in value within 60 days to around $175,000. He cited potential fund flows from stocks, real estate, and precious metals—all at record highs—to BTC, following its 35% drop from $120,000. However, he later walked back the more aggressive call, noting Bitcoin would "at least retest its 50-week moving average, implying a gain of over 10%." Prior update: On December 23rd, Wynn again took a 40x leveraged long position on BTC.

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Dragonfly Partner: Solana and Ethereum Will Both Benefit from Asset Tokenization Wave

December 25th: Dragonfly General Partner Rob Hadick told CNBC’s “Squawk Box” in an interview that as asset tokenization trends accelerate and on-chain economic activity grows, both Solana and Ethereum will benefit from this wave—not a zero-sum game. “Both are Facebooks,” he said. He noted that Ethereum currently powers most stablecoins and core economic activity, while Solana holds a bigger edge in high-frequency trading and transaction throughput efficiency. Data from RWA XYZ shows a wide gap in total asset scale across the two networks: Ethereum (including stablecoins) totals ~$183.7 billion, while Solana stands at ~$15.9 billion, per CoinTelegraph.

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An attacker deposited 95 ETH into Tornado Cash, worth approximately $280,000

On December 25, CertiK Alert monitoring shows a contract attacker has deposited 95 ETH (valued at roughly $280,000) into Tornado Cash. Prior to this, the attacker exploited an uninitialized instance of the EIP-7702 delegation contract: initializing it granted them the owner role, enabling them to drain all funds from the delegator’s address.

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Uniswap Foundation Financial Report Reveals Team's "High Salary Low Ability" Dynamic, Community Outraged

**December 25th Update** Per the Uniswap Foundation’s 2024 financial report, the organization’s annual salary costs totaled $4.8 million—yet its actual work output amounted to just disbursing $10 million in funds. By contrast, the Optimism Grants Council’s staff costs hit $2.6 million while managing a $63.5 million grant budget. The crypto community has noted Uniswap’s executive compensation is on par with Optimism’s entire grants team, but its fund disbursement is only 20% of the comparison. This has spurred calls for UNI holders to demand the foundation justify its value, and ignited a broader debate over DAO efficiency.

8 minutes ago

Infinex Lowers Sonar Initial Token Sale Amount and FDV: FDV Decreased to $99.99 Million, Funding Amount Reduced to $5 Million

**Infinex Updates Token Sale Terms for Sonar on Echo (Dec 25)** Cross-chain aggregator DeFi platform Infinex has revised its token sale details for Sonar on Echo: - Offering 5% of its token supply - Lowering the fundraising target from $15M to $5M - Cutting fully diluted valuation (FDV) from $300M to $99.99M Registration opens December 27, with the sale kicking off January 3. The team is also selling an additional 2% of tokens to Uniswap CCA. (Source: Bankless)

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Early Bitcoin Advocate Erik Voorhees Associate Address Transfers 1635 ETH to New Address

Per Onchain Lens monitoring, a wallet tied to early Bitcoin evangelist Erik Voorhees moved 1,635 ETH (valued at $4.81M) to a new address on December 25th, then cross-chain transferred the funds via Thorchain. The wallet currently holds 4,004 ETH, totaling roughly $11.82M.

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