Trading Activity & Risk - The industry notes a trading loss in ZEC (Zcash) [1] - Excessive leverage was used in an attempt to recover losses [1] - The industry acknowledges the high-risk nature of leveraged trading [2] Market Sentiment - The industry expresses a sense of finality and acceptance of the outcome [1] - The industry reflects on the overall experience as "fun" despite the loss [1]

Market Trends & Whale Activity - A whale investor (0xc2a3) closed a $BTC long position with 13x leverage [1] - The same whale partially exited positions in $ETH and $SOL [1] Financial Performance & Losses - The whale investor incurred over $18 million in losses [1] - The whale investor had previously earned $33 million [1]

Market Risk - Over 426 million USD worth of crypto long positions liquidated in the past 24 hours, indicating high market volatility and potential risk for leveraged positions [1] Leverage Management - The report emphasizes the importance of carefully managing leverage in crypto trading [1]

Company Strategy - Metaplanet plans a $500 million Bitcoin-backed leverage and share buyback program [1] - The company believes the market still undervalues its stock [1]

Market Sentiment - Crypto analyst Tom Lee predicts a crypto rally towards the end of the year [1] - Leverage has been wiped out from the crypto market [1] - Bitcoin and ETH open interest is at historic lows [1] Cryptocurrency Holdings - An individual holds $127 billion (USD) in ETH [1]

Trading Strategy - The individual intends to trade with 100x leverage during a 6-hour flight to Vegas [1] - The strategy involves trading on 5-minute candles for a Synthetix tournament [1] - The goal is to achieve either 1st place or lose everything [1] Risk Management - The approach is high-risk, with a binary outcome of either significant gain or total loss [1]

Risk Management - The crypto industry emphasizes the importance of compartmentalizing crypto investments, suggesting setting aside a portion in cold storage [1] - The crypto industry highlights the significance of sound risk management to avoid being "blown out" during a supercycle [2] - The crypto industry advises against overestimating one's trading abilities, acknowledging the challenging nature of the markets [1] - The crypto industry suggests using reasonable amounts of leverage and recognizing that no one can predict every market move [2] Investment Strategy - The crypto industry promotes the idea of allocating a certain amount of crypto for long-term storage to allow for risk-taking with the remaining portion [1] - The crypto industry points out that significant gains can be achieved without high leverage [2]

New Listing & Leverage - Hyperliquid lists MEGA-USD hyperps, enabling trading of the unlaunched MegaETH token [1] - Up to 3x leverage is available for long or short positions on MegaETH [1] Platform Integration - MEGA-USD (MegaETH) hyperps are now live in Phantom [1]

So, um, let's talk about some of the recent action first of all, because we've had that a lot of volatility. We had the so-called crash in Bitcoin, a mini crash in Bitcoin, but more so in a lot of the other crypto coins a couple of weeks ago. What does that tell us about kind of where we are in the crypto cycle.>> Yes. Well, of course, uh, you know, 2025, uh, had been and still has been a a fairly positive year to date. Um but that uh episode uh on the 10th, Friday the 10th last week um shone a light I thin ...

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