Odaily News: A BIT-linked whale previously faced an unrealized loss of approximately $88.5 million. With its 120,000 ETH holdings still unsold, the price has returned near its cost basis. As of press time, the whale's four addresses collectively hold approximately 120,000 ETH, with a position value of about $271 million and an average entry price of $2,261.23. Following the ETH rebound, its position briefly broke even this morning, but a slight pullback has brought the total unrealized loss to roughly $108,000. After completing its position buildup, the entity continued to hold and topped up margin, with the liquidation price now lowered to approximately $1,195.95. Factoring in the cumulative funding fees of approximately $4.9 million paid since opening the position, the whale has not yet fully recovered its capital.

Odaily reported that among 3,244 crypto projects with funding records spanning no more than four years and verifiable amounts, 1,617 have cumulative funding of no more than $5 million, accounting for 49.8%, with a median funding amount of $2.5 million. Approximately 96% of these projects completed only a single funding round.

By sector, DeFi, infrastructure, and gaming projects together account for 59.2%. Additionally, 92.9% of projects have identifiable investors, and 83.5% have disclosed at least two investors. However, roughly a quarter of the projects in the sample have ceased operations.

The U.S. SEC proposed the "Regulation Crypto Assets" framework on August 18, which introduces two tiers of issuance exemptions: one tier allows projects to raise no more than $5 million cumulatively over four years; the other allows projects to raise up to $75 million every 12 months, subject to filing financial statements and fulfilling ongoing reporting obligations. The proposal is currently in a 60-day public comment period and has not yet taken effect.

Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale who was shorting $85.58 million worth of Bitcoin with leveraged positions has been liquidated for 240 BTC, incurring a loss of $1.112 million. The remaining 960 BTC have a liquidation price of $71,856, with a liquidation margin of $442.

Odaily News: According to Lookonchain monitoring, over the past 30 minutes, 281 BTC from one address were liquidated, valued at $20.12 million; and 240 BTC and 3,738 ETH from another address were liquidated, valued at $17.15 million and $8.5 million, respectively.

Odaily News: According to on-chain analyst Ai Yi's monitoring, a major whale has opened a 20x short position of 500 BTC, valued at $35.8 million, with an entry price of $70,892.7. Additionally, limit sell orders totaling $21.64 million have been placed within the $71,800–$72,500 range. If the price continues to rise, further short positions may be added.

Odaily News: In response to lawmakers' inquiries, South Korea's Ministry of Economy and Finance and the National Tax Service stated that crypto asset income will be classified as other income, subject to a deduction of 2.5 million KRW and a 20% tax rate, with a maximum rate of 22% after including local taxes. The relevant regulations will take effect on January 1, 2027. The National Tax Service acknowledged practical difficulties in tracking personal wallet transactions and will introduce transaction tracking and analysis programs to prevent taxation gaps. Information on overseas exchanges will be collected through the foreign financial account reporting system and the crypto asset automatic information exchange system. Regarding income from staking, lending, airdrops, and hard forks, the two agencies stated that they are separately developing taxation standards and noted difficulties in reasonably estimating the scale of tax revenue.

Odaily News, according to HyperliquidNews monitoring, the Hyperliquid native token long position linked to @smartestmoney is the most profitable perpetual contract position in the past 24 hours, holding 1.38 million Hyperliquid native tokens worth $98 million, with a profit of $17.71 million over the past 24 hours and an intraday peak of $19 million. The long position was opened 314 days ago at $38.6755, has paid $4.721 million in funding fees, and has unrealized profits of $44.974 million. This long position is also the largest position on the entire Hyperliquid platform and the largest Hyperliquid native token position, accounting for 5.84% of the pair's open interest.

According to GMGN data, Odaily reports that the BSC Meme coin BullRun has surged in the short term, breaking through a $50 million market cap and setting a new all-time high. It is now reported at approximately $52 million, with a daily increase of over 25%.

Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Odaily News: Data from Binance's live trading shows that the trader "First Set 10 Big Goals" has been continuously reducing BTC and ETH short positions since around 16:00 today. Notably, they have closed multiple BTC shorts at approximately $71,000, each covering 100 BTC. Additionally, they closed 7,362.336 ETH shorts at an average price of $2,277.84, valued at around $16.77 million.

Odaily Planet Daily News According to on-chain analyst Ai Yi's monitoring, trader Trader-DoshiAtoll (0x66f889...75a9) rolled over a short position worth $85.58 million in Bitcoin last night and is now on the verge of liquidation, with only $113.1 in liquidation space remaining. The trader currently holds a 40x short position of 1,200 BTC with an entry price of $66,891.7 and an unrealized loss of $5.336 million; in addition, they hold a long position of 18,688.3 ETH with 25x leverage, valued at $42.45 million, with an entry price of $2,270.43 and an unrealized profit of $180,000.

Odaily News: After Bitcoin broke through $71,000, the whale "Set 10 Big Goals First" is currently facing losses exceeding $4.2 million on its BTC and ETH short positions. Among them, the BTC short position uses 4x leverage, totaling 2,236.384 BTC, with an entry price of $69,826.87, currently incurring losses of approximately $3.52 million; the ETH short position uses 6x leverage, totaling 29,316.677 ETH, with an entry price of $2,254.74, currently incurring losses of approximately $750,000.

Odaily News According to Lookonchain monitoring, a whale withdrew another 30,000 ETH, worth $67.42 million, from Binance 20 minutes ago. Over the past three weeks, this whale has withdrawn a total of 120,000 ETH from Binance, valued at $237.7 million. Abraxas Capital withdrew 18,000 ETH, worth $39.56 million, from Binance today. A newly created wallet (0x226...f0C4) withdrew 6,704 ETH, worth $14 million, from Binance today.

Odaily News: Securitize President Brett Redfearn stated that the U.S. Securities and Exchange Commission (SEC) withdrew the crypto innovation exemption rule last Friday due to concerns over the CLARITY Act vote. Redfearn expects the rule to be reintroduced after the Senate vote on September 15, possibly in early October.

Odaily News, according to Gate data, SK Hynix U.S. shares climbed over 5% in pre-market trading. On the news front, JPMorgan noted that following the announcement of a 40 trillion KRW ($29 billion) share buyback program, SK Hynix could return at least $130 billion more to shareholders by 2027.

Odaily News Figure Co-founder and Executive Chairman Mike Cagney announced that the company will launch a mobile application called The Wallet Co, designed to combine the ease of modern fintech with self-custody and blockchain-native products.

The Wallet Co will offer features such as instantly spendable interest-bearing cash, RWA yields, and securities prediction markets, with an AI Agent built into every wallet.

Additionally, The Wallet Co is publicly hiring for operations and compliance lead roles, requiring relevant experience in KYC/AML, payments, and fund flows.