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CRYPTOTerm Finance loses an estimated $8.5 million in governance exploit despite protocol safeguardsREGULATORYDragonfly Energy Holdings draws Nasdaq deficiency notice as stockholders' equity falls to negative $184,000DEALSMM Board & Paper to acquire RDM Arnsberg carton board mill in GermanyEARNINGSTadalafil raises glaucoma risk by 22%, British Ophthalmology study findsDEALSBMMVF maintains CAD 0.07 monthly dividend as August 28 ex-dividend date approachesEARNINGSNvidia earnings, Kevin Warsh's Jackson Hole debut, and tariffs converge on a stock market rally that hasn't healedCRYPTOTerm Finance loses an estimated $8.5 million in governance exploit despite protocol safeguardsREGULATORYDragonfly Energy Holdings draws Nasdaq deficiency notice as stockholders' equity falls to negative $184,000DEALSMM Board & Paper to acquire RDM Arnsberg carton board mill in GermanyEARNINGSTadalafil raises glaucoma risk by 22%, British Ophthalmology study findsDEALSBMMVF maintains CAD 0.07 monthly dividend as August 28 ex-dividend date approachesEARNINGSNvidia earnings, Kevin Warsh's Jackson Hole debut, and tariffs converge on a stock market rally that hasn't healed
Front Page/News/Crypto
CryptoJune 27, 2026

A veteran Ethereum whale — the same large on-chain trader who profited from shorting ETH during the October 2025 market crash — has opened a fresh $19.7 million short position against Ether. The move signals renewed bearish conviction from a wallet with a demonstrated track record of timing downturns in the second-largest cryptocurrency by market cap.

The Bet and the Backstory The trader's history lends weight to the new position. Shorting a cryptocurrency means borrowing it, selling at current prices, and buying back cheaper — a bet that the price will fall

ByEmmett Donovan
Read2 min
Tickers$ETH
Filed by NewsNovo
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cointelegraph.com

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Editorial. NewsNovo is independent. Nothing in this article is investment advice; treat figures and quotations as starting points for your own research.

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More in Crypto

  1. 1CryptoTerm Finance loses an estimated $8.5 million in governance exploit despite protocol safeguards
  2. 2CryptoRosen Law Firm investigates securities class action claims on behalf of FLOW cryptocurrency investors
  3. 3CryptoStandard Chartered sees a Bitcoin all-time-high retest, but the rally ran on short liquidations
  4. 4CryptoBitcoin and ether ETFs pull $2.6 billion in a week, but both are still in the red for the year
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