Odaily’s midday crypto brief rounded up seven market and industry updates. The digest said two Abraxas Capital accounts are holding short positions worth more than $1.29 billion, with combined profit above $353 million. It also noted that Bonk Guy has started positioning for the next market cycle and said historical bull markets have lasted about 2.8 times as long as bear markets on average. On Ethereum, the Ethereum Foundation sold 2,785 ETH through CoW Swap, while an early Ethereum ICO whale moved 5,000 ETH after 11 years of dormancy, including 1,500 ETH sent to a centralized exchange. In another item, ai16z founder Shaw said reverse-engineering the Pump.fun contract was not a simple copy, but an effort to achieve byte-level consistency. The brief also reported a suspected wallet theft incident affecting Bloom Trading users, with 49 addresses losing about $954,000 in total. Vitalik said restricting AI capabilities by use case is better than restricting them by user identity.
Odaily’s midday brief listed seven crypto market and industry updates.
- Two Abraxas Capital accounts are holding short positions worth more than $1.29 billion, with combined profit above $353 million.
- Bonk Guy said he has started positioning for the next market cycle, adding that historical bull markets have lasted about 2.8 times as long as bear markets on average.
- The Ethereum Foundation sold 2,785 ETH through CoW Swap.
- ai16z founder Shaw said reverse-engineering the Pump.fun contract was not a simple copy, but an effort to achieve byte-level consistency.
- Bloom Trading users were suspected to have been hit by a wallet theft attack, with 49 addresses losing about $954,000 in total.
- An early Ethereum ICO whale moved 5,000 ETH after 11 years of dormancy, including 1,500 ETH sent to a CEX.
- Vitalik said restricting AI capabilities by use case is better than restricting them by user identity.
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