Author: NFT Evening

A high-leverage whale liquidation on Hyperliquid led to a $4 million loss for the HLP fund. Meanwhile, blockchain analysts detected suspicious transactions worth hundreds of millions of dollars, raising concerns about market manipulation and money laundering. Did traders intentionally exploit Hyperliquid’s liquidation mechanism?Hyperliquid Loses $4 Million Due to an Unusual ETH Long PositionOn March 12, 2025, Hyperliquid’s HYPE token dropped 8.5% after a high-leverage whale liquidation. The event caused a $4 million loss for the HLP fund, which serves as the platform’s liquidity buffer.According to data from Lookonchain, the whale deposited 15.23 million USDC into Hyperliquid to open an enormous…

On March 12, 2025, MEXC Ventures announced a $36 million investment into Ethena and its stablecoin USDe. This strategic move highlights the drive to revolutionize stablecoin technology, aiming to bridge traditional finance and DeFi while accelerating cryptocurrency adoption globally.Overview of the caseMEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has announced a significant $36 million investment into Ethena ENA and its innovative stablecoin, USDe. This move, revealed on March 12, 2025, underscores a growing trend in the crypto industry toward advancing stablecoin technology to bridge traditional finance and decentralized systems. Stablecoins have become critical in decentralized finance (DeFi),…

Investment firm MGX (Abu Dhabi) has invested $2 billion in Binance, marking the first institutional investment in the world’s largest cryptocurrency exchange. This is also the largest crypto deal ever conducted using stablecoins. The investment not only strengthens Binance’s position but also reflects the growing synergy between blockchain, AI, and digital finance.MGX Injects $2 Billion into Binance – The World’s Leading Crypto ExchangeOn March 12, 2025, MGX, a tech-focused investment firm based in Abu Dhabi, invested $2 billion in Binance. This marks the largest stablecoin-based investment ever and the first time a major financial institution has funded Binance. However, they…

Hyperliquid is a decentralized perpetual futures trading platform with low fees and instant order matching. The best Hyperliquid referral code is “NFTE” to get a 4% lifetime discount on trading fees.This guide will explore what the Hyperliquid referral code is, its benefits, and how to use it to get rewards and trading fee rebates.What is Hyperliquid Referral Code?Hyperliquid referral code is a unique promo code, like “NFTE”, that you can use when signing up on the Hyperliquid platform. It gives you a 4% discount on trading fees for life, meaning every trade you make costs less forever. The exchange uses these…

Pump.fun, the popular memecoin platform on Solana, has seen its revenue plummet dramatically in less than two months. This decline persists despite the price of SOL holding strong at $203.86, signaling a potential crisis in the Solana memecoin market. Amid rising legal issues, controversies, and market saturation, new alternatives like BNB Chain and Four.meme are emerging as promising destinations for investors. Join NFTevening as we dive into the reasons behind this shift.Current Situation: Pump.fun Revenue Drops SharplyData from DefiLlama shows that Pump.fun’s 24-hour fees have dropped to just $110,726, a significant decline from its peak of $15.5 million in January…

Internet gambling has built a reputation for constant innovation within its industry. The digital casino evolution started with its first appearance in the past, and now blockchain has created a new phase of gaming. Non-fungible tokens (NFTs) have established themselves to introduce fresh ways for players and platforms to engage with each other. Digital assets through NFTs provide exclusive benefits that grant ownership and reward systems while transforming the way online gamblers interact with their gaming experiences.NFTs and the Future of GamblingThe value system of NFTs revolves around confirmed ownership and distinctive engagement functionality. Adopting NFTs in online gambling introduces…

Is a $2 trillion dragon stirring? Bitcoin has just become the meme coin battleground, and Asia is fueling the rise of PEP-20. Bitcoin Pepe has raised a staggering $4.2m in its presale, becoming one of this quarter’s top meme coins to invest in. Bitcoin Pepe is a revolutionary Layer 2 that has fired the starting pistol on Bitcoin meme mania. This purpose-built, highly scalable infra player is turning everything investors thought they knew about Bitcoin on its head. Asia’s crypto markets have spoken, and as traders from Tokyo to Jakarta rush to secure BPEP before its Q2 listing, all eyes…

Mystery boxes have gained immense popularity in recent years, captivating enthusiasts with the thrill of surprise and discovery. People are turning to these boxes for an exciting way to explore new products, collectibles, or themed items curated just for them. Exploring the leading mystery box sites allows users to find unique treasures tailored to their interests.Among the standout contenders in this realm is JemLit, a site known for its engaging selection and quality offerings. As gamers look for that exhilarating experience, mystery boxes present an excellent opportunity to obtain unexpected and delightful surprises, enhancing their gaming journey.1) JemLit – The…

Just like the cryptocurrency market is always on the move, investors are also always looking for similar scenarios of the future, such as finding the next big cryptocurrency that could return in multiples. But are you in doubt as to where to start? This is where crypto pre-sales come in!Crypto pre-sales allow investors to purchase tokens prior to their general distribution on exchanges. Pre-sales refer to early token sale phases where investors acquire tokens at a discounted rate before they become publicly available, providing an opportunity for early buyers to potentially gain profit.Upcoming among pre-sales are AurealOne (DLUME) and DexBoss…

Binance is expected to launch Viction Token ($VIC) on the Perpetual Market on 2025-03-12 at 17:00 (UTC).Token DetailsTotal Supply: 210,000,000 VICCirculating Supply: 120,220,000 VIC (57.2% of Total Supply)Viction (VIC) Perpetual Contract DetailsLaunch Time: 2025-03-12 17:00 (UTC)Ticker: VICCapped Funding Rate: +2.00% / -2.00%Funding Fee Settlement Frequency: Every Four HoursMaximum Leverage: 75xTick Size: 0.0001About VictionPrice change after the listing announcementImediately,  VIC experienced a remarkable jump at 133% in just 2 hours!About VictionViction is a rebranded project originating from TomoChain (TOMO), a blockchain developed since 2018. It utilizes a unique Proof-of-Stake Voting (POSV) consensus mechanism to power its operations, providing high speed, security,…