Abraxas Buys $32M Ether to Hedge a $353M Short It Won’t Close
WorldPing
Abraxas Capital has added 13,000 ETH worth about $32.39 million in the spot market, offsetting a 141,180 ETH short on Hyperliquid valued near $353.27 million.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
The Foundation wants the network protected before a quantum computer capable of breaking today's cryptography could plausibly arrive, and says upcoming upgrades will be judged against that clock.
Brief by WorldPing · Original reporting by CoinDesk