SoSo Daily Mar 15 | "Hyperliquid 50x Whale" shorts BTC at 40x with a position value of 160 million USD.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on March 15, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.85 trillion US dollars, witnessing an increase of 1.04% compared to yesterday; the total trading volume is 88.77 billion US dollars, marking a decline of 17% from the previous day.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro on ETH. As of 05:50 today, its market cap is 11.36K, with a coin price of 0.000011360 USD, witnessing a 24-hour increase of 419%.
The second is Chain Games. As of 05:50 today, its coin price is 0.021075 USD, with a 24-hour increase of 42.6%.
The third is OAX. As of 05:50 today, its coin price is 0.015250 USD, showing a 24-hour increase of 41.1%.
In fourth place is Ferrum Network. As of 05:50 today, its coin price is 0.0018400 USD, with a 24-hour rise of 40.5%.
In fifth place is ORBIT. As of 05:50 today, its coin price is 0.011525 USD, increasing by 40.2% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to Wu's report, monitored by @EmberCN, 4 hours ago, a large trader who opened long positions for LINK in both spot and futures on Hyperliquid with 50x leverage closed their positions, incurring a loss of 1.27 million USD. They again shorted 1,937 $BTC on the Hyperliquid platform with a margin of 3.75 million USD at 40x leverage, with an opening price of 84,287 USD, making the position value reach 160 million USD, and the liquidation price set at 85,158 USD.

Next news:According to reports, a White House memorandum indicates that to reduce conflicts of interest related to digital assets, U.S. cryptocurrency mogul David Sacks has sold over 200 million USD in digital asset-related investments, of which at least 85 million USD were directly held by him. He has cleared his positions in Bitcoin, Ethereum, Solana, and the Bitwise 10 Crypto Index Fund (BITW), and sold shares of Coinbase (COIN), Robinhood (HOOD), and parts of private digital asset companies. Additionally, he has exited investments in Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, while still holding some equity in funds under Craft Ventures, which invest in certain digital asset companies, but these investments have low liquidity, making complete exit difficult. This includes companies such as BitGo and Lightning Labs, which account for less than 3.8% of his total investment assets.
Next news:

According to Bloomberg, the U.S. Senate advanced the Republican spending bill with a vote of 62 to 38, effectively removing the risk of a government shutdown. The bill does not impose restrictions, allowing the government streamlining plan led by Elon Musk to move forward, and it will keep the government operating until the end of the fiscal year on September 30. The Senate will next review Trump's tax reform agenda, and the Democrats will not be able to use procedural obstruction to counter this issue.

Next news:VanEck is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch the first AVAX exchange-traded fund (ETF). The fund, named "VanEck Avalanche ETF," aims to track the performance of AVAX, the native token of the Avalanche network, minus operational expenses. The registration was filed in Delaware, marking the first AVAX ETF filing with the SEC. This move is part of a broader trend where firms are seeking SEC approval for various crypto ETFs, including those for SOL, XRP, DOGE, and LTC. The SEC has recently shown a more favorable stance towards the crypto industry, having approved spot Bitcoin and Ethereum ETFs earlier and taking steps to support the industry.
Next news:According to reports, regarding the previous articles published by The Wall Street Journal and Bloomberg revealing discussions about the Trump family’s cryptocurrency project WLFI and potential investments from Binance, the Trump family’s cryptocurrency project WLFI stated that the unverified articles published by The Wall Street Journal, Bloomberg, and other media appear to have political motives, indicating a disturbing agenda-driven pattern of news reporting that is detrimental to the cryptocurrency industry.
Next news:

Goldman Sachs, the world's second-largest investment bank, has acknowledged the popularity of cryptocurrencies for the first time in its annual shareholder letter. "The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies such as cryptocurrencies and artificial intelligence, have intensified competition," Goldman Sachs wrote in its 2024 letter. As of December 31 of last year, Goldman Sachs held $1.27 billion in BlackRock's IBIT and $288 million in Fidelity's FBTC. (TheBlock)

Next news:Thomas John Sfraga, known as 'TJ Stone,' was sentenced to 45 months in prison for wire fraud involving cryptocurrency and real estate schemes. He must also pay $1,337,700 in forfeiture. Sfraga deceived at least 17 victims, promising high returns on fake investments, including a non-existent cryptocurrency wallet. He falsely claimed to run several businesses, including a fictitious 'Vandelay Contracting Corp.' His actions caused significant financial and emotional harm to his victims.
Next news:

According to reports from @EmberCN, Chainlink completed its quarterly unlocking 5 hours ago, transferring a total of 19 million LINK (approximately 262 million USD) from two non-circulating supply addresses. Among them, 14.88 million LINK (approximately 205.00 million USD) was directly transferred to Binance, and 4.13 million LINK (approximately 57.04 million USD) was moved to a multi-signature address. Since 2022, approximately 163.65 million LINK (approximately 1.81 billion USD) has been unlocked and flowed into Binance through this method, with an average transfer price of 11.06 USD. Historical data indicates that despite the large scale of LINK's quarterly unlocks, they have not significantly impacted LINK's price short-term after being transferred to Binance.

Next news:Wu reported that Coinbase Derivatives has applied for self-certification of Natural Gas (NGS) futures and Cardano (ADA) futures with the CFTC, aiming to expand the energy and cryptocurrency derivatives market. These are expected to launch on March 31, with specific timing and availability to be announced.
Next news:

According to Foresight News and monitoring by Farside Investors, yesterday there was a net outflow of $59.20 million from the Bitcoin spot ETF and a net outflow of $46.90 million from the Ethereum spot ETF.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.