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01:47
Whale "sat0shi777" Gets Stuck Holding Long and Short Positions Simultaneously, with a Combined Position of $102 Million Facing a Total Loss of Over $3 Million
BlockBeats News, June 28th, according to EmberCN monitoring, an on-chain whale address named "sat0shi777" recently executed a rare long and short double-sided position liquidation. On June 24th, the whale opened a long position for 468 BTC at an average price of $62,729, with a position value of approximately $29.38 million. Subsequently, Bitcoin dropped below $60,000, and the long position is currently at a floating loss of about $1.86 million. Yesterday morning, during the bearish market, the whale shorted 47,500 ETH at an average price of $1,536, with a position value of approximately $72.94 million. However, ETH did not continue to drop thereafter, and the short position is currently at a floating loss of about $1.23 million. The combined market value of the two positions is approximately $102 million, with a current total floating loss of over $3.09 million, both long and short positions are facing losses.
01:44
Musk receives approval to acquire optical module company Mesh, boosting the potential of SpaceX's computing power business
Glonghui, June 28|Musk's business empire continues to expand. The United States Federal Trade Commission (FTC) has approved the acquisition of optical communications company Mesh Optical Technologies, marking another success in SpaceX's recent spate of acquisitions. Mesh was founded by former SpaceX engineers and focuses on optical communications technology for data centers, claiming its optical transceivers offer higher energy efficiency and lower latency compared to existing solutions. In February this year, the company emerged from “stealth mode” and announced the completion of a $50 million funding round led by Thrive Capital. This acquisition marks the latest development in a string of SpaceX expansion moves. Previously, SpaceX acquired AI programming startup Cursor and signed multiple computing power cooperation agreements with Anthropic, Google, and AI startup Reflection. These moves are closely tied to the commitments made at SpaceX’s IPO, with the company emphasizing large-scale satellite deployment and space AI computing power as the core narrative for growth.
01:36
Swiss FINMA is developing generative AI tools for crypto market regulation
Foresight News reports, according to PYMNTS, that the Chair of the Swiss Financial Market Supervisory Authority (FINMA) and Chair of the International Organization of Securities Commissions (IOSCO), Marlene Amstad, stated that regulators are accelerating the adoption of AI and regulatory technology tools, including tools for crypto market regulation. FINMA has developed a real-time crypto monitoring dashboard that combines the quarterly reported crypto asset quantities from institutions with daily market prices, which is used to identify excessively concentrated crypto exposures at single institutions and operational risks arising from tokens being concentrated on a single blockchain. Amstad also stated that FINMA is developing generative AI tools to scan regulatory documents prior to on-site inspections and flag anomalies, and that these findings will be reviewed by a second AI tool before being handed over to regulatory staff.
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