Swing whale “pension-usdt.eth” continues to increase ETH short positions, with a position size reaching 30,000 ETH

2025-12-28 by admin

BlockBeats News, December 28th, according to HyperInsight monitoring, swing whale “pension-usdt.eth” continues to increase ETH short positions, with a position size of 30,000 ETH, approximately $88.245 million, an opening price of $2,928, and a floating loss of $400,000.

Additionally, monitoring shows that this address frequently engages in short-term swing trading and opens full-position BTC and ETH mainstream coins with low leverage, with an average holding period of about 20 hours, and a profit of approximately $13.87 million over the past 30 days.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.