Event Overview - A spot trading event is announced to win an iPhone 17 and share $10,000 [1] - The event period is from September 23rd to September 30th (UTC) [1] Participation & Rewards - Participants can sign up and trade to share 5,000 USDT [1] - Hitting the Spot Trading Volume Leaderboard allows participants to split another 5,000 USDT [1] Registration - Registration link is provided for participation [1]

Investment Strategy - Spot trading is recommended for 99.99% of people due to its lower risk compared to leveraged trading [1] - Larger gains are achievable through spot trading because positions can be held longer without the pressure of drawdowns [2] - The firm's largest wins have consistently come from sizing into good plays via spot trades, not leverage [1] Specific Investments - Successful spot trade investments include Solana since 2022, FWOG at a 6 million market capitalization, LaunchCoin at a 4 million market capitalization, Astra at $0.33, and Robinhood at $30 [1] Trading Psychology - Perpetual contracts (Perps) are associated with dopamine hits and potential depression when trades move against the investor [2]

Investment Strategy - Trading with spot positions is generally recommended for most individuals in the market [1] - Larger gains are typically achieved through spot trading due to the ability to withstand drawdowns [2] - Leverage trading may provide short-term excitement but can also lead to losses [2] Specific Investments - Examples of successful spot investments include Solana since 2022, FWOG at 6 million market cap, LaunchCoin at 4 million market cap, Astra at 0.33, and Robinhood at $30 [1] Risk Management - Being "comfy in spot" is believed to outperform most trades [2] - Taking more risks might lead to greater wealth, but it also increases the potential for losses [2]

Market Overview - The crypto market experienced substantial growth, evidenced by increases in stablecoin market capitalization and DEX trading volumes [1] Stablecoin Market - Total stablecoin market cap increased by $3610 million [1] - Stablecoins (USDT & USDC) on Ethereum increased by $4240 million [1] DEX Trading Volume - DEX spot trading volume reached $118240 million, up 838% week-over-week [1] - DEX perps trading volume totaled $155420 million, a 3231% increase week-over-week [2] Institutional/Whale Activity - BitMine bought 264378 ETH ($1110 million) and currently holds 2416054 ETH ($10120 million) [2] - Strategy bought 850 BTC ($99700 thousand) at ~$117344 and currently holds 639835 BTC ($72120 million) [2] - Metaplanet bought 5419 BTC ($632500 thousand) at ~$116724 and currently holds 25555 BTC ($2880 million) [3] - Helius bought 760190 SOL ($175 million) at $231 [3]

Regulatory Approval - Bullish 获得纽约 BitLicense 许可，为美国扩张扫清道路 [1] Service Offering - Bullish 获准向纽约机构和高级交易员提供现货交易和托管服务 [1]

Regulatory Updates - SEC（美国证券交易委员会）和 CFTC（美国商品期货交易委员会）允许在美国注册交易所进行某些加密货币的现货交易 [1]

Cryptocurrency Transactions - A Bitcoin OG sold 2,000 BTC ($215 million) [1] - The same entity purchased 48,942 ETH ($215 million) [1] - Total ETH holdings for this entity reached 886,371 ETH ($407 billion) [1] - The Bitcoin OG deposited 1,000 BTC ($10808 million) into Hyperliquid [2] Market Manipulation - The deposit into Hyperliquid was intended to dump BTC and buy ETH spot [2] Investor Activity - The Bitcoin OG previously bought 837,429 ETH ($385 billion) [2]

Market Trends - A Bitcoin OG sold 4,000 BTC, equivalent to $435300000 (435300 thousand USD) [1] - The same entity purchased 96,850 ETH, valued at $432200000 (432200 thousand USD) [1] Investment Activities - The transactions, involving the sale of Bitcoin and purchase of Ethereum, occurred over a 20-hour period [1]

This Bitcoin OG has sold 4,000 $BTC($435M) and bought 96,859 $ETH ($433M) spot over the past 12 hours.In total, he has bought 837,429 $ETH($3.85B).https://t.co/RAEzClsCvr https://t.co/ZUSDL1cIRmLookonchain (@lookonchain):This Bitcoin OG just deposited another 1,000 $BTC($109M) into #Hyperliquid to dump and buy $ETH spot.He had previously purchased 740,570 $ETH($3.4B) and staked it.https://t.co/hjiqx8R4Cy https://t.co/7fACdeeZZs ...

Market Activity - A Bitcoin OG deposited 1,000 $BTC (approximately $109 million) into Hyperliquid, with intentions to sell and purchase $ETH spot [1] - The same Bitcoin OG previously acquired 740,570 $ETH, valued at around $34 billion, and staked it [1] - The Bitcoin OG deposited an additional 2,000 $BTC (approximately $217 million) into Hyperliquid within the past hour, with the aim of selling it to buy $ETH spot [2]