News linked to both this project and an event.
the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend..
According to Odaily, blockchain analytics platform Bubblemaps has disclosed that a mysterious whale address cluster within the Shiba Inu (SHIB) ecosystem has held approximately 103 trillion SHIB since 2020. The entity initially spent just 38 ETH (roughly $10,000 at the time) to build the position, which once peaked at an unrealized valuation exceeding $50 billion, marking one of the most astonishing investment cases in crypto market history.Bubblemaps' tracking reveals that the whale initially purchased 103 trillion SHIB through the wallet address 0x1406, accounting for about 10% of the circulating supply at the time. As the SHIB price surged, the position's value once reached approximately $5 billion. Currently, the address cluster's holdings are still valued at over $2.5 billion, representing a cumulative return of more than 21,000 times.To reduce exposure risk, the whale split the assets across 14 addresses in November 2021. In January 2023, Bubblemaps first disclosed this SHIB whale cluster, which then controlled about 10% of the SHIB supply, valued at over $1 billion, sparking community discussions about high concentration of holdings by a single entity.Subsequently, the address cluster underwent continuous address migration and splitting. In September 2023, Bubblemaps found that its holdings had spread from a few prominent wallets to many new addresses, a typical tactic to reduce on-chain visibility. Using its Magic Nodes tool, Bubblemaps was still able to identify the connections between these wallets.During the SHIB price surge in early 2024, the whale's position value exceeded $2 billion again, with the number of wallets expanding to over 170 addresses. As of now, the cluster still controls approximately 8.51% of the SHIB circulating supply, a decrease from the initial 10% ratio. However, Bubblemaps notes that this is primarily due to normal on-chain transfers, with no signs of large-scale selling detected.Bubblemaps points out that this case highlights the significant value of on-chain transparency tools: an entity can conceal massive holdings by splitting wallets, but all fund transfers leave public on-chain records. This SHIB whale case has also become a typical example for observing "whale behavior, holding concentration, and on-chain tracking" within the crypto market.
Odaily News “1011 Insider Whale” agent Garrett Jin pointed out in his latest market commentary that, against the backdrop of the Middle East conflict, the Strait of Hormuz has been effectively “blockaded” for three months. However, the market has already become “desensitized” to this geopolitical risk, and the AI narrative is reshaping traditional risk pricing logic. As a result, AI is significantly weakening the market's sensitivity to oil prices and geopolitical shocks. Since the emergence of ceasefire signals, U.S. stocks have “decoupled” from energy shocks, with gains in chip and tech stocks offsetting the impact from the energy sector, leading the market to gradually overlook the Strait of Hormuz risk. Nevertheless, he cautioned that the AI sector faces short-term risks of overvaluation and crowded trades, and a pullback could occur at any time.In the energy market, the earlier assessment that the Strait of Hormuz risk had not been fully priced in has proven correct. Oil prices had risen due to supply shock expectations, but peaked and then declined following the release of strategic reserves and the U.S. intervention as a “supplier of last resort.” A successful exit was achieved on April 29-30. He believes the current risk-reward ratio for oil prices is no longer attractive.On the macro and equity market front, U.S. households' holdings of stocks as a percentage of financial assets have reached approximately 47%, surpassing the level seen during the internet bubble era. This means a market downturn would, in turn, constrain policy. The VIX volatility index triggered different policy shift thresholds around 30 and 50, reflecting a “risk-off driven policy” characteristic.In the gold market, the recent pullback in gold is not due to the fading of a war premium but rather changes in long-term structural demand. Since 2022, central banks globally have been purchasing gold at an average annual rate of over a thousand tons, primarily for de-dollarization and hedging against sanctions risks. He defines gold as “an ultimate exit tool outside the dollar system” rather than a mere safe-haven asset.In the crypto market, the liquidity inflection point occurred last October, with funds flowing more toward AI assets, leading to a periodic drain from the crypto market. However, he believes the market is currently in a cyclical bear phase. Rebound rallies exist, but they do not equate to the start of a new bull run. The market must wait for liquidity to restart in a new cycle. The AI era is emerging as the dominant capital narrative. Even if a bubble exists, the structural opportunities it brings represent “a rare window of opportunity for ordinary investors.” Nevertheless, market cycle discipline should not be overlooked.
: A source close to DeepSeek revealed that Alibaba and DeepSeek could not reach an agreement on specific financing terms. On one hand, Alibaba's own ecosystem is not highly compatible with DeepSeek, and DeepSeek is not short of potential external investors, hoping to minimize restrictions on the terms.Additionally, DeepSeek and potential shareholders are currently in negotiations. Bloomberg, citing sources familiar with the matter, reported that Tencent has proposed subscribing to up to 20% of DeepSeek's shares in this financing round, but DeepSeek is reluctant to cede a large proportion of control. According to previous reports, DeepSeek is valued at up to 300 billion and plans to raise 50 billion, of which 20 billion will be internal capital increase and 30 billion external fundraising. This valuation has been confirmed by DeepSeek internal employees. (White Whale Lab)