ZachXBT Claims to Uncover Identity of Mysterious 50x Hyperliquid Whale
Crypto investigator ZachXBT has reportedly identified the individual behind the mysterious 50x Hyperliquid whale account, a significant player in crypto trading circles known for large leveraged positions. Details of the individual’s identity have not yet been publicly confirmed.
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 Pudgy Penguins NFT project. If approved, this ETF would become the first U.S.-listed fund to hold NFTs directly.
- The ETF will hold spot PENGU tokens and Pudgy Penguins NFTs.
- Additional digital assets like SOL and ETH will be held for operational purposes.
- 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). The exchange currently holds approximately 3.84 million ETH, valued at around $6.8 billion.
- Coinbase validators have exceeded their uptime targets.
- The exchange’s significant stake highlights its growing influence within Ethereum’s ecosystem.
Solana CEO Addresses Controversial Ad Backlash
Solana Labs CEO Anatoly Yakovenko has publicly apologized for a controversial advertisement titled “America Is Back — Time to Accelerate,” which drew criticism for insensitive messaging around gender identity.
- Yakovenko admitted the ad was “mean” and “punching down” on marginalized groups.
- The ad was removed after nine hours, having accumulated 1.2 million views and significant backlash.
- Yakovenko pledged to refocus Solana Labs on open-source development and decentralization, avoiding cultural controversies in the future.
Quick Summary
- ZachXBT claims to have identified the mysterious 50x Hyperliquid whale.
- Canary Capital seeks approval for the first U.S. ETF holding NFTs.
- Coinbase now operates the largest share of Ethereum nodes.
- Solana CEO apologizes for controversial ad, promising renewed focus on decentralization.
