PANews reported on September 1st that according to on-chain analyst Yu Jin, a whale who sold HYPE and went long on ETH reduced his ETH long position from 86,800 ETH to 50,000 ETH during the three-day decline to avoid liquidation. After the ETH price stabilized, he slowly began to increase his position again. After the most recent increase five hours ago, his ETH long position has rebounded from 50,000 ETH to 78,500 ETH, once again the largest single position on Hyperliquid. The whale's current long position of 78,500 ETH is worth $344 million, with a liquidation price of $4,297. He started buying ETH on the 25th and has lost $23 million in the past week.PANews reported on September 1st that according to on-chain analyst Yu Jin, a whale who sold HYPE and went long on ETH reduced his ETH long position from 86,800 ETH to 50,000 ETH during the three-day decline to avoid liquidation. After the ETH price stabilized, he slowly began to increase his position again. After the most recent increase five hours ago, his ETH long position has rebounded from 50,000 ETH to 78,500 ETH, once again the largest single position on Hyperliquid. The whale's current long position of 78,500 ETH is worth $344 million, with a liquidation price of $4,297. He started buying ETH on the 25th and has lost $23 million in the past week.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more