News

BlockBeats News, January 13th, according to Hyperinsight Monitoring, a whale address starting with 0x931 entered a long position around 3136.93 USDT 10 minutes ago, holding 4200 ETH, with a position size of approximately $13.17 million. The position is using 25x leverage, with the current liquidation price around $3025.

 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.