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Quick Take Summary is AI generated, newsroom reviewed. Evernorth plans to raise over $1 billion through a SPAC merger to build the largest XRP treasury. Ripple, SBI Holdings, Pantera Capital, and other investors are backing the initiative. The treasury aims to increase XRP adoption, market stability, and institutional participation. Evernorth’s strategy shows how crypto and traditional finance can collaborate to boost digital asset utility.References BULLISH: RIPPLE-BACKED EVERNORTH WILL RAISE OVER $1 BILL
The decentralized exchange Hyperliquid, operated by only 11 people, has become a major force in the crypto world with daily trading volumes exceeding $13 billion, thanks to its anonymity and high leverage.
The AI boom is driving a capital frenzy in the US data center industry, with major players pledging to invest tens of billions of dollars. A $40 billion acquisition deal has set a new record.
Leveraging Infrastructure Expertise, CleanSpark Enters AI Data Center Market Amid Mining Sector Recovery
BitMine Capitalizes on ETH Price Dip, Predicts Short-Term Rebound to $4,440 Amid Market Volatility
Preserving Industrial Electricity: A Contrast to France's Surplus Power Utilization for Bitcoin Mining
- 16:13Data: In the past 24 hours, total liquidations across the network reached $552 million, with long positions liquidated for $280 million and short positions for $272 million.ChainCatcher news, according to Coinglass data, in the past 24 hours, the total liquidation across the network reached $552 million, with long positions liquidated at $280 million and short positions at $272 million. Among them, bitcoin long positions were liquidated for $89.1562 million, and bitcoin short positions for $131 million; ethereum long positions were liquidated for $76.7686 million, and ethereum short positions for $75.6031 million. In addition, in the past 24 hours, a total of 141,363 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $14.4539 million.
- 16:13BitcoinOS completes $10 million financing to expand institutional BTCFi capabilitiesChainCatcher reported that BitcoinOS has completed a $10 million financing round to expand its institutional-grade Bitcoin financial tools and developer protocol. This round was led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund, and a group of angel investors including Anchorage Digital CEO Nathan McCauley and Leeor Groen from Spartan Group. BitcoinOS plans to use the funds to scale its developer and institutional infrastructure, including the BTC yield protocol Grail Pro, which is currently being piloted with custodians. The project also supports trustless cross-chain bridging between other blockchain networks such as Ethereum and Cardano. .
- 16:13A whale who buys low and sells high spent 29.146 million DAI to purchase 7,221 ETH in the past half hour.According to ChainCatcher, on-chain analyst Yu Jin has monitored that a whale known for buying low and selling high has re-entered the market to buy during the rebound: In the past half hour, this whale used 29.146 million DAI to purchase 7,221 ETH at a price of $4,036. The last operation was 4 days ago, when the whale panic sold 7,818 ETH at $3,714 after the price dropped. In October, this whale had already successfully executed two rounds of buying low and selling high, but ended up losing $8.98 million.