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Dunamu, parent company of Upbit, responded to its Nasdaq listing plans: It confirmed it has held discussions with the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), and plans to establish an IPO committee.

1 hours ago

South Korean crypto exchange Upbit operator Dunamu has responded to U.S. listing rumors, confirming it has held discussions with the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), but noting that a U.S. listing has not been finalized, nor has the company converted its financial statements to U.S. Generally Accepted Accounting Principles (GAAP). Dunamu added that it is currently working with Naver Financial to complete a share swap by December 31, with respective valuations of 15 trillion won and 5 trillion won. The swap ratio is roughly 2.54 Naver Financial shares per Dunamu share. Upon completion of the transaction, the two parties plan to set up an IPO committee within a year to pursue the listing. Market observers point to Nasdaq as a potential listing venue, primarily because Naver is already listed on a South Korean exchange; if Dunamu were to list again in South Korea as its subsidiary, it could face regulatory restrictions on "duplicate listings of parent and subsidiary entities." If Dunamu ultimately opts for a U.S. listing, it may do so via American Depositary Receipts (ADRs). The firm’s South Korean legal entity and Upbit operations will remain intact, and user services such as won-denominated deposits and withdrawals are not expected to be directly impacted.

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Two whales plan to short $42.2 million worth of HYPE.

According to monitoring by TradingBeats (formerly Hyperinsight), two HYPE whales placed 509 non-"position-reduction-only" sell orders earlier today at higher price levels. They still plan to sell roughly 449,500 HYPE tokens, with a nominal value of around $42.226 million, at a weighted average order price of $93.94. The two sets of orders were created less than two minutes apart, but no data yet links the two addresses. The "US stock market winner" whale tracked yesterday (starting with 0x4e23) held 152,800 HYPE long positions as of yesterday and has now fully closed them for profit. Earlier today, it re-placed 24 sell orders within one minute, planning to short 327,300 HYPE tokens in the $90.385–$104.68 range, with a nominal value of about $31.5 million and a weighted average price of $96.25. Another whale starting with 0xf02d has already shorted 391,100 HYPE tokens, with a position value of ~$31.29 million, an average entry price of $75.92, and an unrealized loss of around $1.598 million. This address also placed 485 additional short orders in the $80.409–$99 range today, with a remaining planned short of 122,200 HYPE tokens (nominal value ~$10.726 million). The lowest tier of these orders is only ~0.5% away from the current price, and some have already started executing.

12 minutes ago

Maji opens $113 million worth of BTC and ETH long positions, account balance surges nearly 200 times.

According to Lookonchain’s monitoring, "Maji" (@machibigbrother) was once liquidated to the point where his account held less than $60,000. His account balance has since surged nearly 200 times, and he has opened long positions worth $113 million in Bitcoin (BTC) and Ethereum (ETH), including 23,350 ETH valued at $59 million and 668 BTC worth $54 million.

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If BTC rises an additional 2%, a certain whale that shorted $45.22 million yesterday will be forced to liquidate.

According to monitoring by TradingBeats (formerly Hyperinsight), BTC is currently trading at around $80,840, up roughly 4.3% over the past 24 hours. The whale address starting with 0x6046, which opened a large short position yesterday, is now approximately 2.5% away from its liquidation line, making it the largest address on Hyperliquid closest to liquidation at present. The whale shorted 559.4 BTC in batches last night, with an average entry price of $79,318.4. The current value of the short position stands at around $45.218 million, with an unrealized loss of about $851,000, translating to a -38.4% return. It is using 20x full leverage, with a current liquidation price of roughly $82,896.5. A further ~$2,057 (or 2.5%) rise in BTC from its current price would trigger liquidation. As of press time, the whale has not set public stop-loss, take-profit, or position-reduction orders, and still holds the full 559.4 BTC short position. This address is the first active account on Hyperliquid. Yesterday evening, it first received approximately 992,000 USDC from an address starting with 0x6b9e, and began shorting BTC roughly one and a half minutes after the deposit arrived. It later added around 1.6 million USDC as margin in two separate top-ups, accumulating a total of about $2.592 million in capital.

12 minutes ago

Whale Tracking: The whale that had planned to short nearly $100 million worth of BTC has placed an additional buy order worth over $84 million.

According to monitoring by TradingBeats (formerly Hyperinsight), the whale with the address starting with 0xf517 — which placed nearly $100 million in BTC sell orders yesterday — added three new non-"only position reduction" buy orders in roughly 11 seconds early this morning: $75,888 for 329.4 BTC (~$25 million), $73,555 for 339.9 BTC (~$25 million), and $72,222 for 346.2 BTC (~$25 million). Combined, the three orders plan to buy 1,015.5 BTC for ~$75 million, with a weighted average order price of ~$73,857.5. At BTC’s current price of $80,674, the three buy orders are waiting for pullbacks of approximately 5.9%, 8.8%, and 10.5% respectively. Adding the prior $9.908 million buy order placed at $74,088, the whale now has four total buy orders, targeting 1,149.2 BTC for a nominal ~$84.908 million. The whale currently holds a 42.1 BTC long position with 40x full leverage, valued at ~$3.394 million, an average entry price of $77,330.3, and ~$141,000 in unrealized profit. Its long position has dropped ~55.3% since yesterday, but its preset buy orders below have expanded by over $75 million. The sell wall above remains unwithdrawn. As of press time, the whale has 183 non-"only position reduction" sell orders in the $81,272–$108,888 range, planning to sell 945.2 BTC for a nominal ~$91.296 million, with a weighted average price of ~$96,592.8; it also has an "only position reduction" sell order at $88,888 covering its current long position.

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Binance's SAFU Fund has posted an unrealized profit of $221 million, with a return rate of 21.5%.

According to monitoring by ai_9684xtpa, Binance’s SAFU fund has an unrealized profit of $221 million. Between February 2 and 12, Binance accumulated 15,000 BTC, with an average cost of approximately $66,666.66 based on a total investment of $1 billion. At the current BTC price of $81,000, the fund’s estimated return rate stands at 21.5%.

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Bitget Launches Stock Contracts for Deere (DE) and Nikkei 225 Index (JP225)

According to an official announcement, Bitget has launched two stock perpetual contracts—DE (Deere & Company) and JP225 (Nikkei 225 Index)—to meet users’ diverse investment needs. Both contracts are settled in USDT, offer up to 20x leverage, and support 24/7 trading. As of now, Bitget supports a total of 282 stock contract underlyings.

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