According to @ai_9684xtpa, a prominent whale, previously known for swapping $46.05 million worth of BTC for ETH, is continuing to increase their Ethereum holdings. This entity has already realized $4.93 million in profits from two successful ETH swing trades. In the last 7 hours, the whale executed another purchase, spending 2.31 million DAI to acquire 649.62 ETH at an average price of $3,560. This recent buy is part of a third swing trading cycle that began on July 7th, during which the whale has accumulated a total of 5,512 ETH at an average cost of $2,685, representing an unrealized profit of over $5.12 million on the current position.

According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in the DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network. In response, GMX developers have issued an on-chain message offering the attacker a 10% white-hat bounty for the return of the assets. This major security breach could impact trader confidence in DeFi protocols, particularly those operating on Layer-2 solutions like Arbitrum.

According to @lookonchain, the decentralized perpetual exchange GMX has been exploited for over $42 million, an event confirmed by blockchain security firm PeckShield. The stolen assets include $9.6 million in Wrapped Bitcoin (wBTC), $5 million in the DAI stablecoin, and over $10 million in legacy Frax dollar. PeckShield reported that $9.6 million of the funds have been bridged to the Ethereum blockchain, a common path for laundering through services like Tornado Cash, while $32 million remains on the Arbitrum network where GMX is hosted. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds. This incident highlights the persistent security risks in the DeFi sector for traders, contributing to the $2.5 billion lost to crypto hacks and scams in the first half of 2025 as reported by CertiK.

According to Nic Carter on Twitter, macro investor Scott Bessent recently increased his stablecoin market cap projection from $2 trillion to $3.7 trillion within a single week (source: @nic__carter, June 17, 2025). This rapid upward revision signals growing institutional confidence in the adoption and scalability of stablecoins, likely impacting trading strategies for USDT, USDC, and DAI. The accelerated growth forecast highlights stablecoins' increasing role in crypto liquidity and cross-border transactions, indicating potential bullish momentum for related DeFi assets and protocols.

According to Matt Hougan, the crypto market is entering a 'Stablecoin summer' phase, signaling increased attention and activity around leading stablecoins such as USDT, USDC, and DAI (source: Matt Hougan Twitter, June 13, 2025). Traders should monitor on-chain volume, exchange inflows, and regulatory developments, as rising stablecoin usage often indicates higher liquidity and potential for large crypto market moves. Historical data shows that stablecoin growth can precede significant trading opportunities in both BTC and ETH markets, making this trend essential for short-term and swing traders.

According to Crypto Rover, the hacker responsible for the Bitrue exploit sold 4,207 ETH for $16.34 million DAI at a price of $3,885 per ETH in March 2025. The same entity is now buying back ETH at lower prices using the same funds, signaling a strategic move to increase ETH holdings by capitalizing on price declines. This behavior could add short-term volatility to Ethereum (ETH) markets as the large-scale buyback impacts liquidity and could potentially support prices near current levels. Traders should monitor on-chain activity for further accumulation, as these movements may signal short-term price floors or trigger additional market responses. Source: Crypto Rover via Twitter (June 12, 2025).

According to Lookonchain, the Bitrue hacker executed a strategic re-entry into the ETH market after previously selling 4,207 ETH for $16.34M DAI at $3,885 per ETH on March 10, 2024. The hacker has now used $8.3M DAI to repurchase 2,999 ETH at an average price of $2,769, potentially capitalizing on lower ETH prices to increase holdings. This large-scale buyback highlights active whale participation and could signal increased volatility and liquidity shifts in ETH markets. Traders should monitor on-chain flows and potential price movements, as such significant transactions can impact short-term ETH price action. Source: Lookonchain (Twitter, June 12, 2025).

According to Lookonchain, the Bitrue hacker is actively using the previously stolen 16.34 million DAI to buy back Ethereum (ETH) at significantly reduced prices. After selling 4,207 ETH for DAI at $3,885 per ETH in March 2024, the hacker has now spent 8.3 million DAI to repurchase 2,999 ETH at an average of $2,769 per ETH. This large-scale ETH accumulation could influence short-term Ethereum price volatility and liquidity, with potential implications for trader sentiment and on-chain activity. Source: Lookonchain (Twitter, June 12, 2025).

According to @EmberCN on Twitter, the Bitrue hacker has used 8.304 million DAI to purchase 3,000 ETH and subsequently laundered 4,600 ETH (worth $12.65 million) through Tornado Cash. The hacker's address still holds 8.04 million DAI and 3,510 ETH. This movement of significant assets through decentralized exchanges and mixers like Tornado Cash raises immediate security concerns for the Ethereum (ETH) market and DAI holders, with potential short-term volatility in ETH price and on-chain activity. Traders should monitor on-chain flows and exchange inflows for sudden shifts in liquidity and market sentiment. (Source: @EmberCN, Twitter, June 12, 2025)

According to PeckShieldAlert, the address labeled as the BitrueOfficial exploiter has transferred approximately $30 million in cryptocurrencies, including 5,111.5 ETH and 16 million DAI, to a new address (0xAFCE...a6E7) as of June 12, 2025 (source: PeckShieldAlert Twitter). This significant movement of assets could increase short-term volatility for both Ethereum (ETH) and DAI, as large transfers by exploiters are often monitored by traders for potential sell-offs or laundering attempts. Crypto market participants are advised to track on-chain activity related to these assets, as such high-value transactions can impact liquidity and price action in the immediate aftermath.

According to @nic__carter, the recent naming of proposed cryptocurrency regulations as 'STABLE GENIUS' bills has raised questions about whether the terminology was intentional. Verified sources indicate that the bills focus on stablecoin oversight and innovation (source: Congressional Record, May 2025). For traders, this legislative branding signals increased regulatory clarity for stablecoins, which could boost institutional confidence and liquidity in leading assets such as USDT, USDC, and DAI. Regulatory certainty is historically linked to short-term volatility and long-term growth in crypto markets (source: Bloomberg Crypto, May 2025).

According to Zac_Pundi, choosing the optimal stablecoin for onboarding the next million crypto users is critical for payment adoption. Current market data from CoinGecko and DeFiLlama shows that Tether (USDT) leads in liquidity and acceptance across major exchanges, making it highly suitable for high-volume transactions and cross-border payments (source: CoinGecko, DeFiLlama). USD Coin (USDC) is preferred for transparency and regulatory compliance, which could attract institutional traders and merchants in regulated markets (source: Circle, CoinGecko). DAI offers decentralized stability and is favored by DeFi participants seeking non-custodial solutions, though it has lower transaction volumes compared to USDT and USDC (source: MakerDAO, DeFiLlama). For traders, USDT currently offers the highest liquidity and lowest slippage, while USDC is optimal for compliance-sensitive environments. The choice of stablecoin will impact transaction speed, fees, and overall user adoption in the crypto payments space.

According to Lookonchain, two wallets that had been dormant for 949 days have reactivated, spending 12.37 million $DAI to purchase 7,738 $ETH at a price of $1,599 per ETH approximately seven hours ago. Notably, one of these wallets has already moved part of the purchased $ETH into TornadoCash, a privacy-focused cryptocurrency mixer. This activity could indicate strategic positioning in anticipation of future market movements or attempts to obscure transaction history.

According to @EmberCN, a significant Ethereum holder, fearing liquidation, sold 26,881 ETH for $42.04 million DAI to repay loans and clear leverage. This action was taken in response to multiple close calls with liquidation in recent times.

According to Lookonchain, a significant whale transaction involved spending 4 million DAI to purchase 2,827 MKR at a price of $1,415 per MKR, occurring just six hours ago. This transaction indicates strong buying interest and potential bullish sentiment for MKR at the current price level.

According to Ai 姨, a major Ethereum whale has reduced their loan position from 64,792 ETH to 56,995 ETH to avoid liquidation. Since the first drop yesterday morning, the whale sold 7,797.63 ETH and repaid 14.116 million DAI. The latest repayment was made 50 minutes ago, lowering the liquidation price to $1563.77. This move highlights the significant volatility in the cryptocurrency market, with ETH experiencing a 10.5% swing.

According to @EmberCN, Ethereum's price has dropped to $1,760, causing concerns about a potential liquidation of a significant ETH position. However, the wallet holder of 64,800 ETH has proactively reduced their position by selling 4,760 ETH for 8.64 million DAI, thus lowering the liquidation price to $1,639.

According to MistTrack, eXch is implementing significant changes, including a merger with a company in another jurisdiction and updates to their Terms of Service to caution U.S. users. The exchange will delist USDT and USDC stablecoins, opting instead for DAI. Additionally, they are moving towards using dynamic and one-time addresses to enhance user privacy. These changes could impact trading strategies, especially for users relying on USDT and USDC. Source: MistTrack (@MistTrack_io).

According to Ai 姨, the second largest Ethereum whale has strategically avoided liquidation by adding 2,600 ETH as collateral and repaying 320,000 DAI of their loan. This increased their safety margin compared to the largest whale. Currently, the whale has collateralized 63,410 ETH and borrowed 74.42 million DAI, with a liquidation price at $1,701.83, providing a significant buffer.

According to EmberCN, a trader avoided the liquidation of their 64,800 ETH by making a partial repayment before 7 AM, thereby lowering the liquidation price from $1787.8 to $1745. The trader withdrew 1.6 million USDT from Bitfinex and converted it to DAI for repayment. This pattern of last-minute debt repayment was also observed on March 11, indicating a repeated strategy to manage liquidation risks (source: EmberCN).