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He held a short position for two months and lost $10.98 million, including $5.18 million in funding fees paid for nothing.
It all started at the end of July. The day before ChangXin Memory Technologies (CXMT) was listed on Hyperliquid’s Pre-IPO market, an address bet that it would fall as soon as trading opened.
So he opened a short position on 2.9 million shares at $6.5, with a notional value of $18.85 million. At the time, it was the largest short position in the entire CXMT market.
But after the market opened, CXMT’s price never fell even once. He refused to admit his mistake and held on fo
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$168,000 turned into $1.2 million in a day. Bonk Guy bought 19 million $SI tokens on Solana.
6x in one day. It was @theunipcs, who became famous for making money on Bonk last time; this time, he bought Super Inu.
The numbers looked fake even to me. This coin added 3,119 holder addresses in the past 4 hours, 10,198 in 12 hours, and 32,951 in 24 hours, with more than $76 million in on-chain trading volume over 24 hours.
By the time I saw his post, the price had already taken off. The holder curve in the chart rose from more than 3,000 to 32,000 and was almost vertical. I didn't touch it because
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No system was hacked, no private keys were stolen—it took just one phone call, and €95 million from an Italian private bank walked out on its own.
Paolo Molesini, former chairman of Italian private bank Fideuram, received a WhatsApp message from an unfamiliar number on February 23 this year. The sender claimed to be Carlo Messina, CEO of parent group Intesa Sanpaolo. They said the group was secretly acquiring an international bank and feared the deal would be blocked by regulators if word got out, so they would use Fideuram to move the funds and wait for a call from the lawyers.
The call came
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3x in one week, and it rose another 85.4% yesterday alone. This coin has a maximum supply of just 14.88 million tokens.
Quant ranked first in the hot searches on both CoinGecko and CoinMarketCap yesterday.
@gregluntx listed 16 bullish developments in one go last night, and these are the strongest ones. The US-based The Clearing House chose Quant to power its new on-chain monetary network. The clearinghouse is backed by 25 major banks, including JPMorgan Chase, Bank of America, and Citibank, and clears more than $2 trillion every day.
The UK side is even more direct: Barclays, HSBC, Lloyds, and
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On August 26, she was going to publicly release all the evidence from her time at Hack VC. On the evening of August 24, she died beside a desert ramp.
The deceased was Hsin-Ju Chuang, 37, a former partner and head of platform at Hack VC. She led growth at Stellar in 2017, and joined the Solana team as head of growth in 2018, when it had fewer than ten people.
At 9:48 p.m. on August 24, the California Highway Patrol arrived at the southbound I-15 Fields Road exit ramp, in that stretch of the Mojave Desert. She was pronounced dead at the scene. The news was not dug up until September 23. For an
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SOL+0.26%
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$1,000 turned into $120,000—a 120x gain in one day. Someone made over $100,000 on a hideously ugly Meme coin on Solana.
The coin is called solana:GTBxUiw6wJdmmkCGZgRHLyYxqu1vG4KtRpeox6yDpump .
@elenakvcs Bought in with $1,000 the day before, and his position was worth over $120,000 yesterday. @meilinxbt He pocketed $89,000 overnight.
@kenji_hl He himself thought the coin was ugly, but still aped in with $1,000, which eventually turned into $44,000.
His logic was simple: I don't need to like this thing. I just need to know that the narrative is strong enough and that people will get hyped.
Thr
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MEME-1.22%
Public companies worldwide bought a total of 5,900 BTC over the past three months—I thought I had read it wrong.
Last July, these companies swallowed 89k BTC in a single month. Over the past three months combined, they have bought less than 6,000— not even a fraction of that.
I used to really believe in this narrative. Public companies put BTC on their balance sheets, someone permanently absorbs retail selling pressure, and crypto transforms from a casino into a vault. Whenever a company announced a crypto purchase, I followed and added to my position. My most aggressive trade was chasing at $
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After reading the token listing sheet in Slack, he turned around and opened a long on Hyperliquid.
The U.S. Department of Justice charged two former Robinhood engineers on Tuesday, Hefu Chai and Huaisong "Jerry" Xiang, with commodities fraud and wire fraud.
Robinhood internally designated the two as "Coin Aware Individuals," giving them access to a private Slack channel exclusively for listing schedules. The rules were crystal clear: no trading on any platform within 24 hours before or after an announcement. The pair bypassed their own product and opened perpetual long positions on Hyperliquid
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Solana made more money than the other four chains combined—whose money is it making?
Ours—the people aping into memecoins.
Last month, I aped into more than 40 launches on Pump, with $30,000 in principal.
Fees, priority fees, and slippage eaten by sandwich bots added up to more than $4,000, and I didn’t hold onto a single coin.
Break down this revenue ranking, and the bulk comes from three sources: launchpad fees, trading bot fees, and promotional fees paid by devs to charting websites to generate hype.
Which of these isn’t squeezed out of memecoin traders???
At least ETH has lending and stabl
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PUMP-4.63%
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The nerve is unbelievable. SBF has gone to the Supreme Court, claiming customers ultimately didn’t lose money.
According to The New York Times, FTX founder SBF filed a petition with the U.S. Supreme Court on September 10, seeking to overturn his 2023 convictions for fraud, conspiracy, and money laundering in full. He’s still in prison, serving a 25-year sentence.
His lawyers said the trial judge at the time wouldn’t let them present evidence that “customers ultimately suffered no losses.” They also want the approximately $11 billion forfeiture order revoked, arguing that the penalty is excessi
BTC-0.21%
Bought a hardware wallet? Pay attention—don’t get burned by a single email.
Trezor issued a warning today: Brevo, the email service it outsourced to, was hacked. Attackers used Trezor’s official domain to send phishing emails to 347k customers, tricking them into downloading a “new app” and entering their wallet backups. The domain was taken down within 20 minutes, but around 2,500 people still clicked it.
1. A company that sells security has suffered three incidents in just over a month. Absurd. Last month, its shipping provider ShipMonk exposed 11,742 customers, and last week, the phone numb
ETH-0.55%
Who would pay $42k in fees just to swap ETH for ZEC?
This afternoon, an on-chain sleuth dug up an entity: four addresses had been dormant for a full six months and all woke up yesterday.
First, they scooped up 13,290 ETH on Cowswap at an average price of 2,511, spending $33.37 million. Then they took 2,500 ETH through Near Intents for a cross-chain swap into 6,601 ZEC, worth $8.21 million. The cross-chain service fee alone came to 16.75 ETH.
I’m not interested in what they bought. I’m watching how much they’re willing to pay for it.
A $42k toll just to get through. This person doesn’t care abo
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Uniswap’s burn mechanism burned 178k UNI yesterday, with more than 80% of the contribution coming from Robinhood Chain.
DUNE data shows that Uniswap’s official burn mechanism burned a total of 178k UNI yesterday, worth over $1.11 million. Robinhood Chain alone contributed 144k UNI, accounting for over 80% and leaving established chains such as Ethereum and Base far behind.
The mechanism comes from a governance proposal passed on July 15—Uniswap extended protocol fee collection and UNI burns to Robinhood Chain, covering versions v2, v3, and v4. Protocol fees generated on the chain flow into the
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A trader entered a position near LIT’s bottom and has now achieved returns of over 10x.
TradingBeats monitoring shows that the address starting with 0xbf34 currently holds a 151,515 LIT long position, worth approximately $588.6k, with an average entry price of $1.2643 and unrealized gains of approximately $397k. Based on 5x leverage, the return is approximately 1036%.
Interestingly, it did not get the trade right from the start. On January 31, it briefly attempted to go long, but eventually closed the position at $1.37, losing approximately $17.9k.
The real turning point came two months later.
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The first inscription launchpad $ROBS is here@Robscriptions—fair minting. A brand-new asset distribution model; if you're looking for self-protection, don't miss it. It goes live at 9 p.m. tonight, so it's worth checking out for yourself. Website:
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Hayes pulled out a major move for his new project: a 20% airdrop.
He revealed on the Altcoin Daily podcast that his new personal venture, Flop Network, is expected to allocate 20% of its total 10-year supply to the airdrop. He also said this figure could be adjusted later and was announced mainly to gather user feedback.
At the same time, he painted an ambitious picture for the FLOP token, saying it could become one of the top two tokens in the crypto market.
A 20% airdrop allocation is indeed substantial—enough to attract plenty of people to wait for it. But when a project founder himse
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After I posted the panel for cross-asset hedging last time, someone asked: If you don't trade U.S. stocks or forex and only run Crypto altcoins on it, what's the experience like? This account has net assets of about $400k and currently has nearly $300k allocated on the platform. As you can see from the positions at the bottom, 132 concurrent positions have been opened at once. From recently popular KAITO and TAIKO to established names like FIL and BCH, it has essentially cast a very wide net.
In the past, trading such a spread of altcoin positions on-chain was extremely cumbersome. You had to
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The cross-chain protocol MAYAChain was exploited, sending its token plunging nearly 90% at one point.
Founder AaluxxMyth confirmed in a post that the protocol suffered a vulnerability attack, with the attacker withdrawing approximately 20 BTC (about $1.4 million) and another roughly $300k in assets within an hour. The team has implemented a global halt, temporarily bringing the losses under control, and is working to fix the vulnerability.
The attack method was highly sophisticated. The attacker chained together six vulnerabilities in the Trade Account and outbound processing workflows, constr
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