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Crypto
Nasdaq-listed Empery Digital shows signs of accumulating 1,200 bitcoin out of step with official position
On-chain activity linked to Nasdaq-listed Empery Digital suggests it accumulated 1,200 bitcoin over the past six days, including a transfer of 200 bitcoin, according to CoinPost and analytics firm Onchain Lens. The amounts were valued at about $12.84 million and $72.65 million, respectively. Empery Digital has not been confirmed to have announced the purchases. The moves appear to conflict with a July 1 release saying it would maintain holdings but had no plans for additional buying.
Crypto
Ethereum retreats to early 2021 levels, many long-term holders slip into losses
Ethereum has fallen back to early 2021 levels, pushing many long-term holders who bought over the past five years into the red. A report cited by U.Today said the token has surrendered most gains made after the launch of U.S. spot ETFs and major network upgrades. Analysts pointed to weakening price action and bearish technical indicators. On-chain data showed a large investor opening a leveraged short position, while spot ETF outflows and softer institutional demand weighed on sentiment.
Crypto
Hyperliquid whale bets $30 million on XRP long despite liquidation risk
A $30.9 million XRP long position on Hyperliquid using 20-times leverage is nearing liquidation, drawing market attention. Onchain Lens said a specific address bought 27.9 million XRP and faces a liquidation price of $0.92, with XRP around $1.10 and unrealised losses above $672,000. The investor also holds a 809.9-BTC long worth about $50.6 million. Weekly losses exceed $3.4 million and free margin is nearly depleted.
