Crypto Whales Open $92.87M Long Positions on Hyperliquid

Three cryptocurrency whales have opened long positions totaling nearly $100 million on Hyperliquid. Notable positions include:

Address 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902: 3x long on 311.9 BTC worth $27.14 million and 2x long on 5,176 ETH worth $15.15 million.
Address 0x2c26b98bba32196e05123db5e1469ee88cb67e17: 20x long on 346 BTC worth $30.09 million.
Address 0x535e34b5ada64997afc88444271ae9b3f82b3867: 25x long on 7,000 ETH worth $20.49 million.

The total value of these positions is approximately $92.87 million, indicating a bullish sentiment among high-capitalized traders.

Vitalik Moves $2.9M ETH to Privacy Protocol Railgun

Vitalik Buterin, the creator of Ethereum, transferred $2.9 million worth of ETH to the privacy protocol Railgun. This protocol employs zk-SNARKs for privacy, similar to Zcash, which has also seen increased activity from institutional investors.

In related news:

Reliance Global pivoted to a Zcash digital asset treasury strategy.
SovereignAI, a subsidiary of OceanPal, acquired 53.9 million NEAR for $133 million as part of its DAT strategy.
Monad experienced over 40% gains in MON price post-mainnet launch.