PANews reported on November 24 that, according to Lookonchain monitoring, the smart whale 0x7fe8, which has accumulated profits of over $25.7 million, has turned bullish after profiting $457,000 from two short positions in HYPE.
He is buying HYPE in the spot market, having already purchased 207,389 HYPE tokens (worth $6.9 million), and has placed a limit order to buy an additional 127,337.88 HYPE tokens (worth $3.75 million) in the range of $28.04 to $31.475.


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
