Today's market focus is on several major hotspots. A large crypto whale deposited 1.8 million USDC into the Hyperliquid platform, increasing their leveraged short position on HYPE, demonstrating a strong bearish outlook despite currently being in a floating loss. On the other hand, the former CEO of SafeMoon denied all charges on the first day of the trial and shifted the blame onto the founder, a case that has garnered significant attention from the community. DeFi Development announced a 1-for-7 stock split to release more liquidity and expressed continued optimism for the Solana ecosystem. In regulatory news, the U.S. Office of the Comptroller of the Currency clarified that banks can legally buy and sell crypto assets they hold in custody at the request of customers, potentially paving the way for the integration of traditional financial institutions and crypto assets.
