News

 the Solana Policy Institute, a nonprofit organization focused on blockchain policy, urges the U.S. Securities and Exchange Commission (SEC) to differentiate between centralized cryptocurrency exchanges and non-custodial decentralized finance (DeFi) software, arguing that developers should not be regulated as intermediaries. A letter sent on Friday urges the SEC to protect developers of DeFi applications, acknowledging that developing and releasing non-custodial code is not the same as intermediating or controlling underlying funds. The letter states that regulating developers of non-custodial protocols under Section 3b-16 of the Securities Exchange Act is inappropriate because the provision applies to exchange operators who custody assets, control trading processes, and act as intermediaries. The organization calls on the SEC to issue guidance to distinguish non-custodial software tools from trades conducted with brokers. It also urges the agency to amend Rule 3b-16 to exclude open-source code from the definition of “transaction” and to adopt a custody- and control-based framework to distinguish intermediary blockchain activities from non-intermediary blockchain activities.

BlockBeats News, January 13, according to Hyperinsight monitoring, in the past half an hour, a whale starting with 0x931 liquidated its long position of 2371 ETH (about $7.44 million), with a final loss of about $114,400. The position was held for about 27 hours, with an average entry price of approximately $3,135.76.

BlockBeats News, January 13th, according to Coinbob Popular Address Monitor, the "Strategy Whale" address (0x94d) once again increased its long position in ETH, BTC, and other mainstream coins for a short period of time. As of the time of writing, it is still actively accumulating. This address currently holds long positions in 4 major coins, with a total size of approximately $233 million, making it the largest BTC long on the Hyperliquid platform. Earlier today, it closed out its short positions in ETH, BTC, SOL, and subsequently went long. The specific position information is as follows: BTC Long: Position size of approximately $156 million, average price $92,081.4, current price $92,410, unrealized gain of approximately $557,600; SOL Long: Position size of approximately $50.34 million, average price $140.998, current price $141.84, unrealized gain of approximately $298,800; ETH Long: Position size of approximately $14.37 million, average price $3,130.55, current price $3,140.4, unrealized gain of approximately $45,100; HYPE Long: Position size of approximately $1.03 million, average price $23.9207, current price $24.64, unrealized gain of approximately $30,100; This address has been accumulating short positions in BTC, ETH, and other mainstream coins since December last year. Therefore, its previous trading direction is opposite to that of MicroStrategy, the publicly traded company continuously purchasing BTC. The market perceives this address as a clear "on-chain opponent." Recently, it has reversed its main positions multiple times with large opening positions, each reaching over a billion dollars.