Solana-based Meme Coin WhiteWhale Hits All-Time High and Retreats, 24-Hour Gain Reaches 24.34%

### Perp DEX Volume Shifts: Aster Surges to 2nd, Hyperliquid OI Rises (Jan 8, DefiLlama) As of January 8, **DefiLlama data** reveals key trends in the perpetual futures DEX (Perp DEX) space over the past 24 hours: - Aster’s trading volume has **surged**, now ranking 2nd; - Hyperliquid and Lighter have seen **modest dips** in volume; - Hyperliquid’s open interest (OI) has climbed while its Total Value Locked (TVL) remains stable—signaling existing capital is shifting to leveraged positions, with the **long-short positioning battle intensifying**. ### Key Platform Metrics (24h): | Platform | Trading Volume | TVL | Open Interest | |----------------|----------------|--------------|---------------| | Hyperliquid | ~$6.35B | ~$4.3B | ~$9.12B | | Aster | ~$6.44B | ~$1.25B | ~$2.62B | | Lighter | ~$4.58B | ~$1.25B | ~$1.53B | | EdgeX | ~$3.77B | ~$355M | ~$1B

On January 8, following the departure of anti-crypto Democratic Commissioner Caroline Crenshaw from the U.S. Securities and Exchange Commission (SEC), the agency now has an all-Republican lineup. The Trump administration is consolidating control over the executive branch in an unprecedented manner, and the SEC—set to be fully Republican by 2026—is expected to speed up the rollout of crypto-friendly regulatory policies, with no internal opposition remaining. The SEC’s three sitting Republican commissioners are Chair Paul Atkins, Hester Peirce (known as “Crypto Mom”), and Mark Uyeda. Two seats are currently vacant, marking the first time all sitting commissioners belong to a single party—a development U.S. economic policy experts have labeled “unprecedented.”

On January 8, monitoring from HyperInsight (via its Telegram channel: https://t.me/HyperInsight) shows the whale dubbed "30 Longs' Repeated Slaughter" closed an ETH long position today, incurring a $45,000 loss. The whale still holds a 10x-leveraged long position of 8,539,326.1 FARTCOIN—valued at approximately $3.28 million. With an average entry price of $0.4299, the position has an unrealized loss of $386,000.

Jan. 8: Per HTX market data, ZEC has dropped to a low of $381 and is currently trading at $383, with a 24-hour decline of 21.3%.

### Chinese Police Extradite Chen Zhi, Transnational Fraud Ring Leader, From Cambodia On January 7, a working group from China’s Ministry of Public Security (MPS) successfully extradited Chen Zhi—a Chinese national and leader of a major transnational gambling and fraud group—from Phnom Penh, Cambodia, back to China. Details of the extradition scene on January 8 have since emerged. Investigations show Chen’s criminal group is suspected of operating casinos, fraud, illegal business activities, and money laundering (concealing and disguising criminal proceeds). Chen has been detained in accordance with Chinese law, and the case remains under further investigation. An MPS official stated that Chinese public security agencies will soon issue a wanted list for the group’s core members and will resolutely pursue all fugitives. Chen, founder of the Cambodia-based telecom fraud syndicate Prince Group, was born December 16, 1987, in Lianjiang County, Fuzhou City, Fujian Province, China.

January 8 – Per monitoring from HyperInsight, the "Firm Short ZEC" whale added to its ZEC short position today, now holding a 2x leveraged short of 5,000 ZEC (≈$2.01 million). The average entry price is $499.32, with an unrealized profit of $490,000. Previously, this address has executed seven ZEC short positions (no long positions) and accumulated a total loss of $508,000.