According to Huoxun Finance on December 17, OnchainLens monitoring revealed that a whale deposited 1.57 million USDC into Hyperliquid and opened a 5x leveraged short position in BERA.

Huoxun Finance News, December 17th - According to Cointelegraph, Charles Edwards, founder of the quantitative Bitcoin and digital asset fund Capriole, warned that if Bitcoin does not achieve quantum resistance by 2028, its price could plummet below $50,000. The potential threat posed by quantum computing to the crypto industry has long been controversial and is considered a key turning point. Theoretically, more advanced computers capable of breaking encryption could reveal user keys, exposing sensitive data and user funds to malicious actors. While it's generally believed that this threat is still years away, Edwards predicts it could arrive as early as 2028, and if the industry doesn't act quickly enough, Bitcoin's price could crash. Critics argue that the threat posed by quantum computers is exaggerated, as the technology is decades away from being viable, and banking giants and other traditional targets will be compromised before Bitcoin.

Huoxun Finance News, December 17th - According to Cointelegraph, the Bhutanese government announced it will use 10,000 bitcoins from its reserves to build the Glep Mindfulness City (GMC), a special administrative region. Located in Glep town in southern Bhutan, GMC, launched in 2024, aims to curb youth outflow and become Bhutan's new economic hub by creating high-value-added local employment opportunities. The city plans to attract businesses from multiple sectors including finance, tourism, green energy, technology, healthcare, and agriculture, and will provide regulatory flexibility for cryptocurrency and fintech companies while promoting Bitcoin mining in Bhutan. According to its official website, GMC covers approximately 10% of Bhutan's land area, about 1,544 square miles. Bhutan's government holds the fifth-largest Bitcoin reserves in the world, with the majority coming from mining. The country holds approximately 11,286 bitcoins, worth over $986 million.

According to HyperInsight monitoring, the largest short seller of ZEC on Hyperliquid, after turning a profit yesterday, has been continuously reducing its ZEC short position. Compared to yesterday, its position size has decreased from $16.5 million to $9.1 million, with an average price of $389. The funds were then used to add to its MON short position, which currently stands at approximately $9.2 million, with a floating profit of $4.62 million (150%) and an average price of $0.0308. This address previously opened a short position in ZEC on October 10th at approximately $184, subsequently adding to the position to average down the price. On October 17th, its position had a floating loss of $21 million, while its ZEC position had reached a high of $43.2 million. As of now, it continues to close its ZEC and STRK short positions. The account's main profit currently comes from short positions in ETH, with a position size of approximately $92.95 million, an average price of $3,377, and a floating profit of $13.86 million (224%). This address is currently the largest short seller of ETH, ZEC, and MON on Hyperliquid, with a total short position size of approximately $113 million.

According to a report by SolanaFloor on December 17th, Solana co-founder Toly explained his vision for the upcoming SKR token from SolanaMobile. He stated that the technology stack is "far from ready," but theoretically, the token could allow holders vertical control over their phones, user experience, and revenue generation. He added, "SKR and SMS (functionality) leverage cryptography and Trusted Execution Environments (TEEs) to capture value for token holders." Previously, it was reported that SolanaMobile will launch the SKR token in January 2026, with 30% allocated for airdrops.