According to BlockBeats news on November 21, monitoring by Lookonchain shows that a Whale address starting with 0xa5B0 has purchased 1,242 ETH (worth about 3.67 million USD) in Spot over the past 2 days. Subsequently, within the past 10 hours, it deposited 5 million USDC into Hyperliquid to go long on 16,366 ETH (worth about 44.3 million USD), with a liquidation price of 2,446.7 USD for its Position.

With Ethereum experiencing a big dump of over 27% in a month, trading prices have fallen below $3000, and BitMine is facing an unrealized loss of over $4 billion. This massive loss is not an isolated incident; it reflects a deeper systemic crisis sweeping across the digital asset (DAT) industry, which is wobbling due to the volatility it relies on for survival. BitMine was once hailed as the Berkshire Hathaway of the digital asset space, envisioning to lock up 5% of the circulating supply of Ethereum. Its core strategy is to transform the company's balance sheet into a long-term, high-confidence investment in blockchain network infrastructure. Today, this ambitious vision collides with the harsh realities of the market.

Gate News bot message, A cryptocurrency whale made their first deposit of $5 million USDC into HyperLiquid, subsequently establishing a long position in ETH with 20x leverage. The current position holds 10,000 ETH, valued at $27 million.

In the case of a market fall, the holdings of the three major DAT companies performed differently: Strategy's BTC unrealized gains were $6.15 billion, BitMine's ETH unrealized losses were approximately $4.52 billion, and Forward Industries' SOL unrealized losses were $711 million.

Gate News bot message, Gate market display, ETH falls below 2750 USDT, current price 2749.56 USDT.

According to the Gate News bot message and the official announcement from Gate on November 21, 2023, Gate will launch the 342nd Launchpool project Orochi Network (ON) Token Airdrop event. The airdrop event will take place from November 21, 2025, 18:00 to November 24, 18:00 (UTC+8). Users can share a total reward of 400,000 ON tokens by staking ETH or ON. The system will distribute token rewards to users every hour based on the proportion of their staked assets. Orochi Network is a verifiable data infrastructure project that ensures data integrity and privacy through advanced cryptographic techniques, providing solutions for applications that require a balance of transparency and privacy. It is reported that Gate Labs did not participate in the investment of Orochi Network (ON).

According to the on-chain analysis platform Lookonchain, the address "stayawayfromridiculouslyprettygirls.eth" opened a 3x long position of 120.93 BTC ($10.4 million) and 9.8823 ETH ($2.78 million).

Gate News Bot news, on November 21, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 2824.87 USD, falling by 7.13% in the last 24 hours, with a high of 3252.66 USD and a low of 2780.51 USD. The 24-hour volume reached 4.434 billion USD. The current market capitalization is approximately 340.95 billion USD, a decrease of about 26.167 billion USD compared to yesterday.

The founder of Liquid Capital, Yi Lihua, stated on social media that he has recently decided to buy the dip on ETH and recommends executing a spot strategy at prices between $3000 and $3300. He believes that despite the unexpected fall in the U.S. stock market, Liquid Capital remains optimistic about the subsequent trend of ETH/BTC.

PANews, November 21 news, according to Lookonchain monitoring, the Whale "66kETHBorrow" that previously borrowed 603 million USD stablecoin from Aave today purchased another 57,725 ETH (approximately 163 million USD), currently holding a total of 432,721 ETH, worth about 1.21 billion USD at the current price.

BitMart launches the "Futures Trading Supernova" event, where users can gain a chance to win prizes through sign up, advanced verification, and trading. The prize pool includes 1 BTC, 1 ETH and various other rewards, ensuring that all participants can win. The first contract transaction allows participation, and the event features tiered tasks.

BlockBeats news, on November 21, according to on-chain analyst Ai Yi (@ai9684xtpa), a certain Whale "closed all positions in ETH and sold part of WBTC", having sold 250 WBTC (21.17 million USD) at an average price of 84,710 USD over the past 8 hours, resulting in unrealized losses of 7.948 million USD. Its ETH holdings were gradually closed from November 17 to November 21, ultimately selling 17,497 ETH (52.41 million USD) at an average price of 2,994.9 USD, incurring unrealized losses of 18.4 million USD from the previously built position of 13,316 ETH. The WBTC and ETH that this Whale accumulated at the peak in August to September this year have lost 26.348 million USD in less than four months, with 1,310 WBTC still showing unrealized losses of 407.

Gate News bot message, Trader 0x9f59 executed a profitable trading operation with @jessepollak's token $jesse, generating a profit of 221 ETH ($626K) in less than 15 minutes. The trader initially invested 67 ETH ($190K) to acquire 76.15M $jesse tokens, with additional gas fees of 15.54 ETH ($44K).

Odaily News According to PeckShield monitoring, after ETH fell below 2900 USD, a certain Whale's wstETH position was liquidated, valued at approximately 6.52 million USD.

Gate News bot message, trader Machi (@machibigbrother) deposited $115,000 USDC into HyperLiquid to increase a 25x leveraged long position on ETH. According to reports, the trader faced liquidation during the process of opening the position.

PANews, November 21 news, according to HyperBot monitoring, Address 0x020c…5872 (Brother Ma Ji) after getting liquidated again during the fall of ETH in the early morning today, deposited $115,000 to continue to open long positions. This account has repeatedly gone through the "increase the position → Get Liquidated → deposit" cycle for over a week, with frequent and unusual liquidation operations.

Gate News bot message, A prominent crypto entity known as the "66,000 Borrowed Whale" has executed significant ETH transactions. The whale purchased ETH worth $162.77M from centralized exchanges and subsequently supplied it to Aave V3 protocol. This follows the entity's earlier activity from 5 days

Gate News bot message, Gate market shows, ETH falls below 2850 USDT, current price 2849.99 USDT.

Gate News bot message, a cryptocurrency whale has taken significant action on HyperLiquid by depositing $5 million in USDC. The trader subsequently expanded their short positions in BTC and ETH using 20x leverage. The current position value stands at $35 million, with a floating profit of $1 millio

Gate News bot message, Gate market shows that ETH has broken through 2900 USDT, current price is 2900.5 USDT.

Gate News bot message, Gate market shows, ETH突破 2850 USDT, current price 2850.02 USDT.

Gate News bot message, Gate market shows, ETH falls below 2800 USDT, current price 2799.79 USDT.

Gate News bot message, Gate market shows that ETH has fallen below 2850 USDT, current price 2849.94 USDT.

Gate News bot message, Gate market shows ETH falls below 2900 USDT, current price 2899.84 USDT.

Gate News bot message, Gate market shows that ETH fell below 2950 USDT, current price 2949.47 USDT.

According to BlockBeats news, on November 20, the Ethereum treasury company FG Nexus sold 10,922 ETH for share buybacks, holding a remaining 40,005 ETH.

Odaily News Ethereum Treasury Company ETHZilla published a report on the X platform disclosing the treasury holdings data. As of this week, the ETH holdings are 94,060 coins, worth $285 million, with an mNAV of 0.74.

Affected by NVIDIA's earnings report, the US stock market and crypto market experienced fluctuations, with Ether briefly falling to $2,870. After the earnings report exceeded expectations, the market quickly rebounded, and the $2,800 area may become a support level. Retail investors sold, while whales continued accumulation, indicating that supply and demand are concentrating towards large investors.

Fundstrat Chief Investment Officer Tom Lee stated that the bottom for ETH may have already formed. Previously, ETH tested the 2,800 USD support level and quickly rebounded to above 3,000 USD at the time of writing. Tom Lee told reporters during an interview with CNBC that he remains optimistic about Ethereum, as the network is undergoing significant innovations, including the creation of stablecoins, and Larry Fink and BlackRock's choice of Ethereum to tokenize real-world assets.

Gate News bot message, a notable cryptocurrency trader known as 0x0ddf has closed their long positions in ETH and BTC, resulting in approximately $6.2 million in losses. Following this closure, the trader immediately shifted to a bearish stance by opening a 2x leveraged short position on 20,000 ETH,

Gate News bot message, blockchain data shows that a new wallet address 0x499f has withdrawn 5,000 ETH (approximately $15.04 million) from centralized exchanges within a 4-hour period.

Gate News bot message, Gate market shows that ETH has fallen below 3000 USDT, current price 2998.65 USDT.

According to BlockBeats news on November 20, monitoring by HyperInsight shows that in the past 2 hours, a Whale (0x8d0) who has gone long over 30 times since the beginning of this month, mostly at a loss, opened a long order for ETH at a base price of 3021 USD, with a holdings scale of approximately 15.11 million USD. In addition, this Whale closed positions on previously opened ETH and SOL long orders today, making a small profit of about 400,000 USD. This Address has frequently gone long on multiple coins intraday since November 3, with a weekly win rate of 27%. Monthly losses once reached 6.7 million USD, which has now narrowed slightly to 5.32 million USD, and the current account funds still amount to 13.7 million USD.

On-chain detective ZachXBT posted that the project "GANA Payment" was attacked on BSC (BNB Chain) a few hours ago, with losses exceeding 3.1 million dollars. The attacker deposited 1140 BNB (worth 1.04 million USD) to Tornado on BSC, and then bridged the funds to Ethereum, subsequently depositing 346.8 ETH (worth 1.05 million USD) to Tornado.

Gate新闻机器人消息，HyperLiquid发生了一次重大强制平仓事件，因为第二大姨太多头持有者面临其6倍杠杆姨太头寸的部分强制平仓，导致损失达407万美元。尽管当前经历了损失，交易者仍然继续持有其头寸。

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 3040.10 USD, with a rise of 0.18% in the last 24 hours, reaching a high of 3561.86 USD and a low of 2871.23 USD. The 24-hour volume has reached 40.597 billion USD. The current market capitalization is approximately 366.927 billion USD, an increase of 0.665 billion USD compared to yesterday.

Vitalik stated in an interview that Wall Street is a user of Ethereum and warned that if institutional ETH Holdings increase, it may lead to a loss of developers and impact the technology roadmap.

Odaily News According to Coinglass data, in the past 12 hours, the total liquidation amount of ZEC exceeded 68 million USD, with short order liquidations exceeding 66 million USD. The liquidation volume of this coin in the last 12 hours is only second to ETH and BTC.

According to ChainCatcher news, the Uniswap Foundation released a quarterly unaudited financial summary as of September 30, 2025, holding 54.4 million USD in cash and related assets, 15.3 million UNI tokens, and 241 ETH. Based on the closing price on September 30, 2025, the market capitalization of the tokens amounts to 116.6 million USD. As of the end of the third quarter of 2025, the foundation's cumulative operating expenses are 6.6 million USD, achieving 141.4 million USD in donations, dividends, and interest income. Among them, the operating expenses for Q3 alone are 2.5 million USD, generating 500,000 USD in income. In terms of grant commitments and incentive measures, the foundation has allocated a total of 108.3 million USD: of which 92.4 million USD will be allocated in 2025 and

Odaily News According to Onchain Lens monitoring, the whale (0x35d...acb1) with the highest profit from short positions on SOL continues to increase its SOL short positions, with a leverage of 20 times, and the floating profit has exceeded 10 million dollars. This whale has also opened a new ETH short position with 25 times leverage.

According to ChainCatcher news reported by DL News, Ethereum founder Vitalik Buterin warned at the Devconnect conference in Buenos Aires that if institutions like BlackRock continue to accumulate ETH, Ethereum will face two major survival threats. Currently, nine companies on Wall Street hold over 18 billion USD ETH, and analysts predict that institutional holdings may exceed 10% of the total supply of Ethereum. Vitalik pointed out two major risks: Threat 1: Expelling core developers, institutional dominance will alienate the builders who truly care about decentralization, and the core community may be lost. Threat 2: Incorrect technology choices, institutional pressure may drive improper technology decisions, such as a 150 millisecond block time which benefits high-frequency trading but makes it impossible for ordinary users to run nodes, resulting in geographical centralization. Vitalik emphasizes the solution party

Gate News bot message, Gate market shows that ETH has broken through 3050 USDT, current price 3050.27 USDT.

According to Foresight News and monitoring by @ai9684xtpa, the "Address that previously shorted ASTER and made a profit" has currently gone long on ETH/XRP/DOGE with unrealized losses totaling 18.58 million USD. Since the market flash crash on October 11, this address has made over 39.88 million USD through 7 shorting operations.

Gate News bot message, Gate market shows that ETH has broken through 3000 USDT, current price is 3000.04 USDT.

Gate News bot message, Gate market shows that ETH has broken through 2950 USDT, current price 2950.23 USDT.

BlockBeats news, on November 20, according to MLM monitoring, during the continuous holding of a massive ETH long order for over three weeks and continuously increasing the position while falling using the Martingale strategy, the Whale Address holding 17,804 ETH (51.5 million USD) long position was liquidated. Since the end of September, the unrealized losses of the two accounts of this Whale have exceeded 10 million USD.