Lookonchain: BitMEX Lianchuang lost over US$6 million due to trading LOOKS, ENS, and FXS

Arthur Hayes, co-founder of BitMEX, recently sold all of his LOOKS and some ENS tokens at a loss. He previously bought 15.5 million LOOKS (approximately $4.5 million) from Uniswap and FTX at an average price of $0.29, and sold them yesterday, losing $2.87 million (-64%).

Arthur Hayes previously bought 239,628 ENS tokens (approximately $4.3 million) from CEX at an average price of $18, and sold 24,000 ENS tokens (approximately $205,000) yesterday, leaving 215,628 ENS tokens (approximately $1.85 million), with a total loss of approximately $2.27 million.

Arthur Hayes also suffered losses trading FXS. From November 16, 2021 to May 13, 2022, he bought 105,814 FXS tokens (approximately $2 million) at an average price of $19, which are now worth only $895,000, resulting in a loss of approximately $1.11 million.

Arthur Hayes

Comments

All Comments

Recommended for you

CointimeSG ·

How Q Protocol is changing the future of blockchain governance: Report

Cointelegraph Research delves into Q Protocol’s unique governance framework, which combines onchain mechanism with legal agreements.
CointimeSG ·

Movement developers plan token generation event on Ethereum ahead of mainnet launch

The Movement blockchain project has introduced its native MOVE token with a supply of 10 billion tokens. MOVE will initially be launched as an ERC-20 token during a token generation event on Ethereum.
CointimeSG ·

Crypto Banking in the UAE: The Path to Licensing and Compliance

Companies must meet several financial and operational criteria, such as minimum capital requirements and maintaining liquid assets. The licensing process can take between 4 to 12 months and involves significant costs.
CointimeSG ·

Canadian wellness firm approves plan to add $1M of Bitcoin to treasury

Jiva Technologies CEO Lorne Rapkin said the move to add Bitcoin to the treasury is “a unique opportunity to strengthen our treasury with a resilient and innovative investment.”
CointimeSG ·

dxFeed Collaborates with Hybrid Trading Firm to Improve Market Data Access

The partnership involving Tickblaze aims to address high data fees and technical complexities. Tickblaze, originally focusing on institutional clients, has expanded its offerings to retail traders.
CointimeSG ·

Binance launching BFUSD, promising APY 'will never go below zero'

Binance is set to launch BFUSD, a “reward-bearing margin asset” offering passive rewards.
The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.
U.S. stocks open, most crypto stocks open lower

the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.
BTC breaks through $98,500

market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.
Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.