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According to ChainCatcher, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that the "smart money," which previously made significant profits by going long on ETH with 25x leverage after the "1011 flash crash," has recently completely reversed its position. About 8 hours ago, this address closed out its remaining 19,383.25 ETH long positions in batches, incurring a total loss of approximately $6.646 million, giving back the previous peak profit of $8.38 million. Subsequently, the account quickly established a new 25x leveraged short position, holding about 18,802.51 ETH (worth approximately $61.45 million), with a current unrealized profit of about $1.3 million.

Jinse Finance reported that bitcoin mining machine manufacturer Canaan has secured a $72 million equity investment from Brevan Howard, Galaxy Digital, and Weiss Asset Management, aiming to deepen its cooperation with institutional investors. Canaan announced on Tuesday that the investment was completed through the purchase of 63.7 million American Depositary Shares (ADS) at a price of $1.131 per share, with each ADS representing 15 Class A ordinary shares. The company noted that the transaction does not involve warrants, options, or other derivatives, and is a direct equity transaction, highlighting investors' confidence in the company's fundamentals. Canaan stated that this financing will strengthen its balance sheet and reduce its reliance on future "at-the-market" or other dilutive financing methods. On the day the announcement was released, Canaan's stock price fell by 15%, in line with the general downward trend of bitcoin-related stocks in the market.