Crypto Investigator ZachXBT Claims to Have Identified 50x Hyperliquid Whale
Crypto investigator ZachXBT has reportedly identified the individual behind the notable “50x Hyperliquid Whale,” a trader known for significant leverage trading activities in the crypto market. ZachXBT, renowned for uncovering crypto-related identities and activities, shared his findings publicly, drawing attention from the crypto community.
Australia Outlines Crypto Regulation Plan, Promises Action on Debanking
Australia’s ruling Labor government has announced a new regulatory framework aimed at crypto exchanges, custody services, and brokerage firms. The proposed regulations will integrate crypto services under existing financial laws, requiring firms to:
- Obtain an Australian Financial Services Licence.
- Follow rules safeguarding customer assets.
- Meet minimum capital requirements.
The government also pledged to address the issue of crypto debanking, where financial institutions refuse services to crypto-related businesses. This announcement comes ahead of a closely contested federal election scheduled by May 17.
Canary Capital Files for Pudgy Penguins ETF
Asset management firm Canary Capital has filed with U.S. regulators to launch an exchange-traded fund (ETF) backed by Pengu (PENGU), the governance token of the popular Pudgy Penguins NFT project. If approved, this ETF would become the first U.S.-listed fund to hold NFTs directly. The filing indicates the ETF will hold:
- Spot PENGU tokens.
- Pudgy Penguins NFTs.
- Other digital assets like SOL and ETH necessary for transactions.
PENGU currently has a market capitalization of approximately $438 million.
Coinbase Becomes Ethereum’s Largest Node Operator
Coinbase has emerged as the largest Ethereum node operator, controlling 11.42% of all staked Ether (ETH). According to Coinbase’s latest performance report, the exchange currently holds approximately 3.84 million ETH, valued at around $6.8 billion. Coinbase also reported exceeding its validator uptime targets, indicating strong operational reliability.
Quick Summary
- ZachXBT identifies the trader behind the “50x Hyperliquid Whale.”
- Australia proposes new crypto regulations and promises to tackle debanking.
- Canary Capital files for the first U.S. ETF holding NFTs and PENGU tokens.
- Coinbase becomes Ethereum’s largest node operator with over 11% of staked ETH.
