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According to ChainCatcher, monitored by Lookonchain, a whale address (0x4c6...828) associated with a16z created a new wallet and purchased 206,325 HYPE tokens worth 9.95 million US dollars in the past 10 hours, and has already staked them. Since April 14, this whale has accumulated a total purchase of 2.34 million HYPE tokens, with a total value of 102 million US dollars.

Odaily reports that Zerohash is seeking a new round of financing at a valuation exceeding $1.5 billion. Founded in 2017, the company primarily provides APIs and embedded development tools to financial institutions and fintech companies. Its business covers 190 countries, serving over 5 million users. Clients include Morgan Stanley, Interactive Brokers, Stripe, BlackRock's BUIDL Fund, Franklin Templeton, and DraftKings.

ChainCatcher reports, according to CoinDesk, that K33 Research stated in a report that this Bitcoin bear market is different; exceptionally pessimistic traders have limited the downside. Bitcoin traders remain in a defensive posture, which has reduced the risk of a leverage-driven crash. Research Director Vetle Lunde pointed out that the current slow grind at the bottom has not repeated the swift reversal trend seen in previous cycles after bear market rebounds; instead, derivatives data signals extreme pessimism. Bitcoin's 30-day average funding rate has been negative for 81 consecutive days, close to the longest record in history. CME Bitcoin futures annualized basis has declined to below 2.5%, which is considered extremely cautious. However, Bitcoin derivatives open interest remains high, and if the price weakens further, this could trigger volatility. K33 maintains its core view that Bitcoin dropping to $60,000 in February might represent the largest drawdown of this cycle.