According to data from Hyperbot, Garrett Jin, an agent of the "1011 Insider Whale," has just reduced his short position in ZEC. As of now, he has closed out approximately 7,000 ZEC, bringing his 3x leveraged ZEC position down to 32,759.57 ZEC, with a position value of approximately $38.26 million. He is currently experiencing a floating loss of $19.32 million.

Odaily Planet Daily reports that Premier League giants Chelsea will print "USDC" on their players' jerseys for the 2026-27 season. However, as they are not a registered stablecoin issuer in Hong Kong, fans and retailers are concerned that wearing or selling such jerseys may violate the law and constitute illegal promotion. In response, the Hong Kong Monetary Authority (HKMA) stated that it would not comment on the specific case, but relevant regulations prohibit "aggressive marketing" or promotion of unauthorized stablecoin activities in Hong Kong. Whether an action constitutes aggressive marketing to the public depends on the specific circumstances, considering factors such as the language used in the promotional information, whether the target audience includes Hong Kong residents, whether a Hong Kong domain name is used, and whether there is a detailed promotional plan for the activity. Publishers and broadcasters who only publish content created by others can obtain a special exemption if they meet the conditions stipulated in the relevant provisions and consider the relevant facts and circumstances. Previously, it was reported that USDC issuer Circle announced it had become the main sponsor of the front of Chelsea Football Club's new jerseys; the specific amount was not disclosed. (Sing Tao Daily)

Odaily reports that Bybit Alpha has launched $OTC trading. $OTC is a Solana-based token that, when burned, can mint OTC Desk NFTs. Holders automatically receive tokenized shares, pre-IPO assets, and profit distributions. The current on-chain price of OTC is approximately $0.025, with a market capitalization of $16.6 million.