「Abraxas Capital」 Core Position Increases After Initial Bitcoin Long Position, Scaling Up to $5 Million
April 22 — According to HyperInsight monitoring (via Telegram @HyperInsight), Abraxas Capital — the leading short seller on the Hyperliquid platform — has added 54 BTC to its long position (valued at ~$4.2 million) over the past two hours. The firm’s total long position now stands at $5 million, with an average entry price of $77,450.
Notably, the address fully closed its BTC short position on April 12 at ~$74,000 before opening a small long position. Today marks its first long position increase, and the address continues to actively accumulate BTC.
Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060
2 minutes ago
Hotcoin has launched the "Alpha Trader House Point Survival Challenge," with the opportunity to win up to a 60-day stay at an overseas trading villa.
On April 22, crypto exchange Hotcoin announced the launch of the **Hotcoin Alpha Trader House Point Survival Challenge**—featuring an immersive "Trade & Travel" trading experience.
Registration is open from April 22 to April 26, 2026, with the competition running April 27 through May 3. During the event, users earn points by completing trades and other tasks. Top-ranked participants qualify for **up to 60-day stays at overseas trading retreats** in popular destinations like Chiang Mai, Osaka, Phuket, and Kuala Lumpur.
Beyond accommodation, standout participants will gain access to exclusive platform partnerships, increased visibility (including broader traffic reach), and support for building their personal brand.
Hotcoin notes the event aims to boost user trading activity and community engagement via innovative incentives, strengthening ecosystem interaction and user retention on the platform.
2 minutes ago
OP Mainnet Goes Live with Enterprise-Grade Privacy Solution Privacy Boost
April 22 — Official sources confirm that Ethereum layer-2 network OP Mainnet has rolled out Privacy Boost, an enterprise-grade privacy solution.
Developed by Sunnyside Labs (the core development team behind the Optimism ecosystem), the solution leverages a ZK+TEE hybrid architecture and generates cryptographic proofs in under 500 milliseconds. Privacy Boost is a plug-and-play SDK supporting private computations across any OP Stack chain.
Sunnyside Labs, a firm specializing in blockchain infrastructure, has collaborated with OP Labs and other core contributors for over three years to build the OP Stack’s core infrastructure.
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The South Korean Democratic Party Plans to Introduce a Stablecoin Bill After the June Election
On April 22, South Korean Democratic Party lawmaker Kim Hyun-jung—who sits on the party’s Digital Assets Special Committee—told Edaily that the stablecoin-focused Digital Assets Basic Law will be filed for second-stage legislation after the June local elections, with the bill’s subcommittee convening around the same time.
Kim noted unresolved controversies (including restrictions on exchange major shareholders) still require further discussion, but he expressed confidence the stablecoin legislation will ultimately pass, citing the new Bank of Korea (BOK) Governor’s supportive stance. The Democratic Party’s Digital Assets Special Committee plans to meet with the new BOK governor post-elections, he added.
Kim also stressed the need to proactively update systems for central bank digital currencies (CBDCs) and Korean won stablecoins, align tax policies with international regulations, and strengthen infrastructure to combat digital asset-related crimes.
2 minutes ago
Mastercard Joins Blockchain Security Standard Committee (BSSC)
April 22 — Per BeInCrypto, traditional finance giant Mastercard has joined the Blockchain Security Standard Committee (BSSC) as a founding member.
The firm will help shape security frameworks for blockchain networks and tokenized assets, plus join the working group focused on security and privacy guidelines.
A nonprofit alliance, BSSC’s current members include Coinbase, Fireblocks, Anchorage Digital, BitGo, Figment, and Ribbit Capital. Mastercard’s Claire Le Gal will sit on the BSSC board as the company’s representative.
2 minutes ago
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