News

BlockBeats News, February 24th, according to Coinbob Popular Address Monitoring, the "Strategy Whale" address (0x94d) today closed all its BTC and ETH short positions to take profit. Specifically, this includes: an ETH short position of $31.74 million opened two days ago, a BTC short position of $13.58 million, and a BTC short position of approximately $40.74 million opened and closed for profit within two hours today. Subsequently, within the past hour, the address opened a 40x leveraged long position on BTC, with a position size of $11.97 million, an average price of $63,275. Currently, the address still has $11.80 million in unused margin, with a profit of $2.85 million in the past 7 days. This address started accumulating positions in December last year, with an initial account size of around $20 million, and gradually increased short positions on mainstream coins such as BTC and ETH. Due to its trading direction opposite to the publicly-traded company MicroStrategy, which has been continuously purchasing BTC, this address is seen by the market as a clear "on-chain opponent."

ChainCatcher News, according to market sources, the Arizona Senate has advanced Bill SB 1649, which proposes the establishment of a "Digital Asset Strategic Reserve Fund" managed by the state treasury. The bill authorizes the state treasurer to hold, invest, and lend digital assets that have been seized, confiscated, or surrendered to the state through qualified custodians or regulated exchange-traded products.

Glonghui, February 24｜According to media reports citing sources, Glencore has agreed to purchase nearly 2,000 metric tons of cobalt from industry veteran Weisfisch.