Scan to download
BTC $66,383.50 -1.17%
ETH $1,947.78 -0.13%
BNB $614.80 +0.85%
XRP $1.36 -0.83%
SOL $78.45 -1.30%
TRX $0.2799 +0.64%
DOGE $0.0930 +2.02%
ADA $0.2644 +3.00%
BCH $502.98 -2.49%
LINK $8.42 +0.94%
HYPE $31.11 +5.55%
AAVE $114.97 +6.86%
SUI $0.9247 +3.17%
XLM $0.1565 +0.92%
ZEC $233.25 -3.13%
BTC $66,383.50 -1.17%
ETH $1,947.78 -0.13%
BNB $614.80 +0.85%
XRP $1.36 -0.83%
SOL $78.45 -1.30%
TRX $0.2799 +0.64%
DOGE $0.0930 +2.02%
ADA $0.2644 +3.00%
BCH $502.98 -2.49%
LINK $8.42 +0.94%
HYPE $31.11 +5.55%
AAVE $114.97 +6.86%
SUI $0.9247 +3.17%
XLM $0.1565 +0.92%
ZEC $233.25 -3.13%

bankr

Data: "Bankrupt trader James Wynn" has turned a principal of $20,000 into $600,000 since this month, reaching a peak of 40 times the return this morning

According to Coinbob's popular address monitoring, the trader James Wynn (0x507), who was nearly "bankrupt," has recently made significant profits. Since the beginning of this month, with an initial capital of about $20,000, he has been rolling over to go long on PEPE and opening long positions in BTC, currently pushing the account value up to $620,000. This morning, the account value peaked at $800,000, but no positions have been closed yet. The current total position size is approximately $13.95 million, with the main holdings as follows:40x BTC long position: position size $11.5 million, floating profit $150,000 (52%), average price $91,300, liquidation price $89,600;10x kPEPE long position: position size $2.45 million, floating profit $450,000 (182%), average price $0.0055, liquidation price $0.0057;Additionally, according to Coinbob's monitoring, his sub-address (0x8da) has also seen returns exceeding 50% this month. It currently holds long positions in BTC, HYPE, and XRP, with a total position size of $7.02 million and an overall floating profit of $390,000 (154%). On January 1, James Wynn publicly predicted that the market cap of PEPE would exceed $6.9 billion by 2026, and promised to delete his social media accounts if this goal is not achieved, with the current market cap being approximately $2.8 billion.

The South Korean Digital Asset Basic Law is set to include a no-fault compensation mechanism and a bankruptcy isolation system for stablecoins, with the government proposal possibly being postponed until next year

The South Korean government is formulating the "Basic Law on Digital Assets" (Phase Two Legislation on Crypto Assets), which is expected to include several investor protection measures, such as introducing strict liability for digital asset service providers and establishing bankruptcy risk isolation mechanisms for stablecoin issuers. However, due to significant disagreements on core issues such as the issuers of stablecoins, the submission time for the government proposal is expected to be delayed until next year.According to reports, in the government draft that the Financial Committee is studying, stablecoin issuers may be required to allocate their reserve assets in low-risk assets such as deposits and government bonds, and to deposit or trust funds equivalent to no less than 100% of the issuance balance with banks or other management institutions to prevent the risk of issuer bankruptcy from being passed on to investors. At the same time, the information disclosure obligations, terms, and advertising regulatory standards for digital asset operators will be close to the level of traditional financial institutions. In the event of a hacker attack or system failure, strict liability for damages may be applied in accordance with the Electronic Financial Transactions Act.In addition, the draft may allow the sale of digital assets within South Korea under the premise of strengthening information disclosure, in order to correct the previous practice of "overseas issuance, domestic circulation" caused by administrative restrictions on ICOs.Although the legislative framework has initially taken shape, there are still disagreements between the Financial Committee and institutions such as the Bank of Korea on key issues such as the qualifications of stablecoin issuers, approval mechanisms, minimum capital requirements, and whether exchanges can serve both issuance and circulation functions. The Financial Committee stated that relevant departments are continuously working to narrow the gap in positions, and no final conclusions have been reached on the proposed plan.
app_icon
ChainCatcher Building the Web3 world with innovations.