$ETH whales net short $346.9M on Hyperliquid. 5 wallets short, 1 long. 0xb83d is carrying $109.5M short at $1860 with 5x leverage, already down $3.1M. 0x0dd9 is $85M short at $1700, underwater $9.1M on just 3x. This is not hedging. This is conviction positioning that's bleeding daily funding while spot grinds higher. The unwind trigger is $1920.

XLM’s ETF Progress Comes With a Major Catch XLM’s ETF story is moving forward, but the biggest detail is the one most holders could easily miss. This video breaks down the difference between an ETF that tracks XLM and a true US spot XLM ETF that could create direct demand for the asset. We examine Volatility Shares, the Grayscale Stellar Lumens Trust, regulated futures and the SEC paperwork shaping the next stage. You’ll learn why a filing is not an approval, what GXLM assets may reveal, and how custody, creation and redemption, exchange proposals, volume and open interest can signal genuine progress. The path is clearer, but the approval remains uncertain. Subscribe for more in-depth crypto breakdowns. #XLM #Stellar #CryptoNews

China does not publish transparent data on its oil inventories, so all estimates are based on models. The EIA estimated China’s combined strategic and commercial oil inventories at approximately 1.54 billion barrels in the first quarter of 2026. Government reserves were estimated at roughly 360 million barrels, while commercial inventories were estimated at around 1 billion barrels. That means the claim that China has already used up half of its reserves does not follow from the available data. Moreover, Reuters, citing analysts, reported that despite the sharp decline in imports and refinery processing, China may have continued building some of its inventories during the first half of 2026. This is a very important detail. If the economy continues consuming fuel while oil imports fall sharply, the difference has to come from somewhere. Possible sources include: Oil held in refinery and commercial inventories. Government strategic reserves. Domestic oil production. Lower refinery processing. Weak domestic demand. Substitution of oil with coal, natural gas and electricity in certain sectors. Most likely, all six factors are currently playing a role simultaneously. But the claim that China has already “burned through half of its reserves” has not been proven. The more likely scenario is that China reduced imports, cut refinery processing, used some commercial inventories, continued maintaining its strategic reserves and waited for more favorable market conditions.

The whales aren’t stopping! According to on-chain data, the holder of the largest short position on CXMT transferred $10 million in USDC to Hyperliquid in two installments. 🚀 ⚡️ What’s the plan? They’re further expanding their massive short position using TWAP (Time-Weighted Average Price) orders. As profits roll in, the pressure is intensifying. A storm could hit CXMT—keep it under close watch! 📉

A whale deposited 10M $USDC to Hyperliquid and placed a TWAP order to increase its $CXMT short. The wallet deposited: • 8M $USDC • 2M $USDC It currently holds a 2.128M $CXMT short worth ~$13.1M, with ~$618K in unrealized profit. Lifetime PnL: +$792.8K Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244