The crypto market remains mostly rangebound, with $BTC trading at $83,664 and $ETH trading at $1,908. Bitcoin dominance stands at 62.13%.
Hyperliquid and its vault, HLP, were the biggest topics yesterday, with one whale profiting from the HLP mechanism. This user had unrealized PNL, withdrew, which lowered their margin, and was subsequently liquidated. They ended with approximately $1.8 million in PNL. HLP lost around $4 million over the past 24 hours.
A few headlines include: Binance has secured a $2 billion investment from Abu Dhabi-based MGX, BlockTower Capital has announced the spin-off of its venture capital division into Strobe Ventures, and Rumble has announced the purchase of 188 BTC for $17.1 million.
Over the past 24 hours, the top three gainers were $PI, $IP, and $TIA, while the top three losers were $ENA, $MOVE, and $AIOZ.
