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TOP Network is a decentralized blockchain ecosystem composed of a public blockchain, DApps, and decentralized communication.

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Jiang Zhuo’er: Strategy will not sell a large amount of tokens; it only implements a “rolling strategy.”

Jiang Zhuo’er, founder of the Litecoin mining pool B.TOP, posted his views on Strategy’s Bitcoin sales. He believes Strategy will not sell large amounts of Bitcoin—only small amounts to pay interest. Jiang argues that Strategy raises funds by issuing new STRC tokens to purchase additional BTC, while simultaneously selling a tiny amount of its early-acquired, low-cost BTC to generate accounting profits for paying STRC interest. This reflects its “rolling strategy.” However, if Strategy sold absolutely no BTC, investors might suspect it was using new funds to pay old interest. Small-scale sales generate genuine profits and help maintain Strategy’s image of “never selling Bitcoin,” thereby facilitating continued fundraising.

$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses

According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.

Jordan Du: Capital inflows show ETH still retains the characteristics of a "bull market engine"

Jiang Zhuo'er, founder of B.TOP Mining Pool, noted that ETF fund flows hold critical reference value on the first US equity trading day following a sharp rally in the cryptocurrency market. Data reveals BTC ETF inflows reached $314 million, while ETH ETF inflows hit $180 million, indicating that US capital is actively positioning long. The probability of this rally retracing below its initial breakout level of $67,000 is relatively low.

Floating loss of $991K, two new addresses hold the top two largest KAITO positions with 5x leverage

Odaily News: According to on-chain analyst Ai Yi's monitoring, two new addresses opened a combined $6.94 million long position on KAITO with 5x leverage on Hyperliquid in the early hours of today, with a position size of $7.106 million, making them the TOP 1 and TOP 2 largest KAITO positions. The margin source for both is OKX. KAITO has fallen nearly 20% in the past 24 hours, and these two addresses are currently facing a floating loss of $991K.

“Today’s Top 1 Loss”: ETH’s Largest Long Position Incurs $88.5 Million Floating Loss—Over 5.3x the Initial Margin

According to Hyperinsight monitoring, ETH declined again this morning, briefly approaching $1,500. On Hyperliquid, ETH’s largest long position—held by the “BIT-affiliated whale”—suffered substantial losses across its four addresses, with losses exceeding $10.1 million within the past 24 hours. Its total unrealized loss has now widened to $88.5 million. Given its initial position size of approximately $16.5 million, the loss has exceeded 5.3 times the principal.

Today’s Top 1 Liquidation on-Chain: A Whale’s BTC Long Position Liquidated Again; $30.46M Liquidated in Past Three Days

According to Hyperinsight monitoring, early this morning, the short position address on Hyperliquid—dubbed the “$13M Whale”—suffered yet another liquidation after two consecutive forced liquidations, bringing its total liquidated amount to 96.39 BTC (valued at approximately $7.3 million). This whale has been the largest liquidation address on Hyperliquid for three consecutive days, with a cumulative liquidation value of $30.46 million. Details are as follows:

$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses

According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.

Bitget Launches Season 3 of the CFD King Battle, with a Total Prize Pool of 80,000 USDT

Bitget has launched Season 3 of the CFD King Battle, featuring a total prize pool of 80,000 USDT. This event includes three main sections: a Blind Box Zone, a Points Arena, and a Ranking Arena. During the event, both new and existing users can earn blind box rewards by completing designated CFD trading tasks daily, and have the chance to draw USDT cash vouchers. The prize pool has a 100% winning rate and operates on a "first come, first served" basis.Furthermore, users who trade specific currency pairs can participate in the Points Arena and Ranking Arena, with top individual prizes reaching up to 3,000 USDT. After the event concludes, the top 100 users by trading volume will also receive a random amount of CFD credit bonus package. The event runs from April 27 to May 22. For more details, please refer to the official Bitget platform.

Related news

Jiang Zhuoer Expects Market to Fall Then Rise After Fed Decision, Bitcoin May Test $84,000

Odaily News: Jiang Zhuoer, founder of Lelight Mining Pool (B.TOP), posted on X platform that at 2:00 AM Beijing time on September 17, the Federal Reserve will announce its interest rate decision. Based on 30-day federal funds futures prices, the probability of a 25 basis point rate hike is approximately 92%, and the target rate range is expected to be raised from 3.50%–3.75% to 3.75%–4.00%.He expects that after the rate decision and dot plot are released, the market may decline in the short term, and then Fed Chair Kevin Warsh's speech may signal a dovish stance and drive the market to recover. Bitcoin may first fall below $75,000, then rebound to $83,000–$84,000, followed by a relatively significant correction.

GMGN Adds "Fomo Top" Labeling Feature to Track Movements of Fomo Top 500 Traders

Odaily News: Haze, co-founder of GMGN, announced on platform X that GMGN's K-line chart has added a "Fomo Top" labeling feature. When enabled, users can directly view the trading activities of the Top 500 Fomo traders on the K-line chart.

Jordan Du: Capital inflows show ETH still retains the characteristics of a "bull market engine"

Jiang Zhuo'er, founder of B.TOP Mining Pool, noted that ETF fund flows hold critical reference value on the first US equity trading day following a sharp rally in the cryptocurrency market. Data reveals BTC ETF inflows reached $314 million, while ETH ETF inflows hit $180 million, indicating that US capital is actively positioning long. The probability of this rally retracing below its initial breakout level of $67,000 is relatively low.

Jiang Zhuoer: Bitcoin is currently more like a breathing phase during bottom probing; historical bottom characteristics have not yet appeared.

Jiang Zhuoer, founder of the BTC.TOP mining pool (B.TOP), stated that based on historical data, the previous three major bottoms of Bitcoin were usually accompanied by significant losses and high volatility, whereas the current market shows an insufficient degree of losses and lower volatility, not yet exhibiting typical bottom characteristics. He believes that rather than betting on an unprecedented "quiet bottom," it is better to view the current trend as a "breathing phase" in the bottoming-out process.

An account purchased $76,000 on Harry Kane winning the 2026 Ballon d'Or

PPP Prediction Market Tool monitoring shows that in the Polymarket "2026 Ballon d'Or Winner" prediction event, an account (0x792f8e8bae0323abf8927c6820863fbe8a98328a) purchased $76.8K on Harry Kane winning the 2026 Ballon d'Or, with an average entry price of 48.3¢ and a position of 144,744.5 shares, now ranking TOP 1 in holdings for this option.This market will be settled based on the final winner of the 2026 Ballon d'Or.If the 2026 Ballon d'Or winner has not been announced by December 31, 2026, 23:59 (EST), this market will be settled as "Other."Join the PPP Signal Push Community to stay ahead and seize the opportunity.

Floating loss of $991K, two new addresses hold the top two largest KAITO positions with 5x leverage

Odaily News: According to on-chain analyst Ai Yi's monitoring, two new addresses opened a combined $6.94 million long position on KAITO with 5x leverage on Hyperliquid in the early hours of today, with a position size of $7.106 million, making them the TOP 1 and TOP 2 largest KAITO positions. The margin source for both is OKX. KAITO has fallen nearly 20% in the past 24 hours, and these two addresses are currently facing a floating loss of $991K.