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Trader qwatio partially liquidated on BTC and ETH short positions, with an unrealized loss of $8.32 million
Foresight News reports, according to Ember monitoring, @qwatio’s Bitcoin and Ethereum short positions have been partially liquidated, with current unrealized losses of $8.32 million. The current positions are: 1,131 BTC short with 40x leverage, valued at $122 million, entry price $104,724, liquidation price $108,311; 28,000 ETH short with 25x leverage, valued at $68.3 million, entry price $2,425, liquidation price $2,459.
Foresight News reports, according to Ember monitoring, @qwatio’s Bitcoin and Ethereum short positions have been partially liquidated, with current unrealized losses of $8.32 million. The current positions are: 1,131 BTC short with 40x leverage, valued at $122 million, entry price $104,724, liquidation price $108,311; 28,000 ETH short with 25x leverage, valued at $68.3 million, entry price $2,425, liquidation price $2,459.
zkLend ceases project operations, remaining funds to be used for user compensation
Foresight News reports that zkLend has announced on the X platform that the team will gradually wind down the project’s operations. The team stated that a recent security vulnerability has severely impacted user confidence, and the delisting of the ZEND token from major exchanges has further restricted liquidity and usability. As a result, the team has decided to allocate the remaining $200,000 to a compensation fund for affected users and will continue to track the stolen funds. Additionally, zkLend will open source its audited code for those interested in further development.
Foresight News reports that zkLend has announced on the X platform that the team will gradually wind down the project’s operations. The team stated that a recent security vulnerability has severely impacted user confidence, and the delisting of the ZEND token from major exchanges has further restricted liquidity and usability. As a result, the team has decided to allocate the remaining $200,000 to a compensation fund for affected users and will continue to track the stolen funds. Additionally, zkLend will open source its audited code for those interested in further development.
A Trader Faces Three Liquidations in Two Days, Suffering Total Losses Exceeding $8.2 Million
Foresight News reports that, according to Lookonchain monitoring, trader 0x916E has once again experienced partial liquidation. In just two days, this address has faced three liquidations, with total losses exceeding $8.2 million. The new liquidation prices are: BTC: $108,473.8, ETH: $2,457.2.
Foresight News reports that, according to Lookonchain monitoring, trader 0x916E has once again experienced partial liquidation. In just two days, this address has faced three liquidations, with total losses exceeding $8.2 million. The new liquidation prices are: BTC: $108,473.8, ETH: $2,457.2.
A Major Whale Transfers $39.91 Million Worth of SOL to HyperLiquid
According to Foresight News, Onchain Lens monitoring has revealed that a certain whale transferred 274,788.6 SOL (worth approximately $39.91 million) from Stake.com to HyperLiquid. This marks the largest single deposit of spot assets in the history of the HyperLiquid platform.
According to Foresight News, Onchain Lens monitoring has revealed that a certain whale transferred 274,788.6 SOL (worth approximately $39.91 million) from Stake.com to HyperLiquid. This marks the largest single deposit of spot assets in the history of the HyperLiquid platform.
Electric vehicle manufacturer Mullen begins accepting payments in Bitcoin and TRUMP token
Foresight News reports that electric vehicle manufacturer Mullen Automotive has announced it will accept cryptocurrency payments, including Bitcoin and TRUMP tokens. Customers can use cryptocurrencies to purchase Mullen and Bollinger commercial electric vehicles.
Foresight News reports that electric vehicle manufacturer Mullen Automotive has announced it will accept cryptocurrency payments, including Bitcoin and TRUMP tokens. Customers can use cryptocurrencies to purchase Mullen and Bollinger commercial electric vehicles.
Silo Finance Attacked, Suffering Losses of Approximately $546,000
Foresight News reports that security firm CertiK Alert has detected an attack on Silo Finance, resulting in a loss of approximately $546,000. Foresight News advises users to remain vigilant.
Foresight News reports that security firm CertiK Alert has detected an attack on Silo Finance, resulting in a loss of approximately $546,000. Foresight News advises users to remain vigilant.
Bitcoin.com: The First Batch of Bitcoin Alpha Projects to Launch on the Bitcoin Lightning Network, Offering Early Users up to 10x Points Bonus
BlockBeats News, June 25 — According to official sources, the Bitcoin Lightning Network, jointly launched by Nubit, has introduced the "Bitcoin Alpha" task system, which is open to all Bitcoin network users without restriction. Early participants have the opportunity to receive a 10x multiplier on task points.
Earlier this month, the Trump family’s crypto project WLFI officially integrated its stablecoin USD1 into the Bitcoin Lightning Network. Transactions processed on the Bitcoin chain via the Lightning Network have reached 4 million, with over 250,000 unique users.
As the only native acceleration solution and stablecoin circulation channel for the current Bitcoin network, the Lightning Network’s launch of Bitcoin Alpha aims to drive the development of Bitcoin ecosystem projects and encourage users to accumulate Alpha points by participating in Bitcoin network activities.
Currently, the first phase of Bitcoin Alpha has received project applications from more than 50 teams. Leveraging the Lightning Network’s faster payment and programming capabilities, the Bitcoin ecosystem is poised for its most significant boom in 12 years.
Previously, on April 15, HSBC’s official news revealed that the Bitcoin Lightning Network introduced UTXO Bundling and the OP_CAT instruction through a mainnet soft fork, supporting on-chain native asset issuance, transaction acceleration, and smart verification. Real-world tests showed network efficiency improved by 1,000–2,000 times compared to the original chain. This network was jointly proposed by early Bitcoin miners, core developers, and the Nubit team.
BlockBeats News, June 25 — According to official sources, the Bitcoin Lightning Network, jointly launched by Nubit, has introduced the "Bitcoin Alpha" task system, which is open to all Bitcoin network users without restriction. Early participants have the opportunity to receive a 10x multiplier on task points.
Earlier this month, the Trump family’s crypto project WLFI officially integrated its stablecoin USD1 into the Bitcoin Lightning Network. Transactions processed on the Bitcoin chain via the Lightning Network have reached 4 million, with over 250,000 unique users.
As the only native acceleration solution and stablecoin circulation channel for the current Bitcoin network, the Lightning Network’s launch of Bitcoin Alpha aims to drive the development of Bitcoin ecosystem projects and encourage users to accumulate Alpha points by participating in Bitcoin network activities.
Currently, the first phase of Bitcoin Alpha has received project applications from more than 50 teams. Leveraging the Lightning Network’s faster payment and programming capabilities, the Bitcoin ecosystem is poised for its most significant boom in 12 years.
Previously, on April 15, HSBC’s official news revealed that the Bitcoin Lightning Network introduced UTXO Bundling and the OP_CAT instruction through a mainnet soft fork, supporting on-chain native asset issuance, transaction acceleration, and smart verification. Real-world tests showed network efficiency improved by 1,000–2,000 times compared to the original chain. This network was jointly proposed by early Bitcoin miners, core developers, and the Nubit team.
Fed’s Collins: Rate Cuts Possible Later This Year, But Dependent on Tariff Impact
BlockBeats News, June 25 — Boston Federal Reserve President Collins stated that she expects the Fed to cut interest rates later this year. In a statement released by the bank, Collins said: "While I still anticipate that it will be appropriate to resume a gradual normalization of policy later this year, my outlook could change significantly as events unfold, and the impact of various government policy changes on the economy is becoming more pronounced. This largely depends on whether the 'price shocks' caused by tariffs can dissipate quickly." (Jin10)
BlockBeats News, June 25 — Boston Federal Reserve President Collins stated that she expects the Fed to cut interest rates later this year. In a statement released by the bank, Collins said: "While I still anticipate that it will be appropriate to resume a gradual normalization of policy later this year, my outlook could change significantly as events unfold, and the impact of various government policy changes on the economy is becoming more pronounced. This largely depends on whether the 'price shocks' caused by tariffs can dissipate quickly." (Jin10)
Trump: I don't think it's necessary to reach an agreement with Iran
BlockBeats News, June 25 — U.S. President Trump stated, "I don't think it's necessary to reach an agreement with Iran. Talks with Iran will be held next week."
As a result of these remarks, Bitcoin briefly fell by 0.7%.
BlockBeats News, June 25 — U.S. President Trump stated, "I don't think it's necessary to reach an agreement with Iran. Talks with Iran will be held next week."
As a result of these remarks, Bitcoin briefly fell by 0.7%.
GameStop raises an additional $450 million through follow-on note issuance, potentially for BTC acquisition
BlockBeats News, June 25 — Video game retailer GameStop (GME) filed documents with the U.S. Securities and Exchange Commission (SEC) on Tuesday, revealing that the company has raised an additional $450 million through a follow-on offering of zero-coupon convertible senior notes.
This new issuance comes just one week after its initial $2.25 billion private placement, bringing the total amount raised in this round to $2.7 billion. The company stated that this additional issuance was executed under a 13-day option granted to the initial purchasers, who fully exercised the so-called “greenshoe option.” These notes, maturing in 2032, can be converted into GameStop Class A common stock at a price of $28.91 per share, representing a 32.5% premium over the volume-weighted average price at the time of the initial issuance on June 12.
The funds raised will be used for general corporate purposes and “investments in line with GameStop’s investment policy,” including allocating Bitcoin (BTC) as a treasury reserve asset. GameStop is among a growing number of publicly traded companies adopting a crypto asset reserve strategy. Its approach of raising funds through stock and bond offerings to allocate to BTC and other crypto assets closely mirrors the strategy of Michael Saylor’s MicroStrategy (MSTR). After completing a $1.3 billion convertible bond issuance in May this year, the company made its first purchase of approximately $500 million worth of Bitcoin, acquiring 4,710 BTC.
BlockBeats News, June 25 — Video game retailer GameStop (GME) filed documents with the U.S. Securities and Exchange Commission (SEC) on Tuesday, revealing that the company has raised an additional $450 million through a follow-on offering of zero-coupon convertible senior notes.
This new issuance comes just one week after its initial $2.25 billion private placement, bringing the total amount raised in this round to $2.7 billion. The company stated that this additional issuance was executed under a 13-day option granted to the initial purchasers, who fully exercised the so-called “greenshoe option.” These notes, maturing in 2032, can be converted into GameStop Class A common stock at a price of $28.91 per share, representing a 32.5% premium over the volume-weighted average price at the time of the initial issuance on June 12.
The funds raised will be used for general corporate purposes and “investments in line with GameStop’s investment policy,” including allocating Bitcoin (BTC) as a treasury reserve asset. GameStop is among a growing number of publicly traded companies adopting a crypto asset reserve strategy. Its approach of raising funds through stock and bond offerings to allocate to BTC and other crypto assets closely mirrors the strategy of Michael Saylor’s MicroStrategy (MSTR). After completing a $1.3 billion convertible bond issuance in May this year, the company made its first purchase of approximately $500 million worth of Bitcoin, acquiring 4,710 BTC.