「Suspected Hype Listing Insider Trading」 Whale's Unrealized Losses Narrowed to Over $13 Million, Average Holding Price Reached $38

February 27th – Per Coinglass data, Coinbase’s Bitcoin Premium Index flipped positive again yesterday after a 40-day stretch of negative territory, currently sitting at 0.0079%. The shift signals a nascent recovery in U.S. market buying sentiment. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. fund flows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price exceeds the global average—typically a sign of strong U.S. buying momentum, active inflows from institutions or compliant capital, ample USD liquidity, and broadly optimistic investor sentiment. A negative premium (Coinbase price below the global average) usually reflects heightened U.S. selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.

On February 27, U.S. District Judge Andrew Carter in Manhattan rejected Binance’s request to arbitrate claims that the exchange illegally sold unregistered securities and caused massive customer losses, according to Reuters. Carter ruled that customers may sue in court for claims arising before February 20, 2019, because Binance failed to properly notify users of changes to its terms of service requiring arbitration for disputes and waiving their right to collective lawsuits. In response, a Binance spokesperson said: “Binance will vigorously defend the remaining limited claims in this case, as they are without merit.” Customers seeking to recover funds for losses tied to seven tokens — ELF, EOS, FUN, ICX, OMG, QSP, and TRX — allege Binance failed to warn them of the “significant risks” of purchasing the assets.

On Feb 27, Jack Dorsey—Twitter co-founder and leader at Bitcoin payment firm Block—responded to criticism of his management amid the company’s 4,000-person layoff (nearly half its workforce). The layoff announcement, which comes as Block bets on AI to boost future labor productivity, sent Block’s stock up 22% in after-hours trading. Dorsey acknowledged over-hiring during the pandemic, attributing it to a misstep of building separate structures for Square and Cash App instead of integrating them—an issue corrected in mid-2024. He pushed back against claims of mismanagement, noting the narrative overlooked operational and compliance challenges tied to Block’s forays into lending, banking, and Buy Now, Pay Later (BNPL). Block’s current goal is to hit over $2 million in gross profit per employee—four times pre-pandemic efficiency. Dorsey added that per-capita gross profit held steady at ~$500,000 from 2019 to 2024, framing the company as highly efficient and outperforming most pee

February 27: MetaAlpha transferred 3,300 ETH (≈$6.66M) to Binance 6 hours ago, per The Data Nerd monitoring. The same account has sent 6,994 ETH (≈$14.3M) to the exchange in the past 24 hours.

February 27th — Per Coinbob Popular Address Monitoring, NVIDIA (NVDA) stock plunged in short order after U.S. equities opened last night, dropping as much as 5% to a low of $184 — roughly 9.3% off its intraday high from the previous day. During and after the selloff, crypto trader CBB — who’s been consistently shorting NVDA — ramped up his position, growing his NVDA short from $5.9 million to over $15.8 million. As the stock fell, the position flipped from a loss to a profit: his current 3x-leveraged short now holds an unrealized gain of ~$310,000, with an average entry price of $190.3. Crypto KOL CBB (X: @Cbb0fe) is a veteran trader and on-chain player with ~100,000 followers on X. He gained widespread attention 25 years ago for publicly organizing a $2.5 billion BTC short whale hunt and now trades commodities on Hyperliquid at high frequency, focusing primarily on short positions.

Official sources confirm Binance will launch the ROBOUSDT perpetual contract on Feb. 27, 2026, at 4:45 PM UTC+8, with up to 20x leverage.