Crypto trader James Wynn, after announcing his suspension from perpetual trading following a $17.5M deficit, has opened a new $100 million Bitcoin long position with 40x leverage. The entry price was set at $105,890, with a liquidation price of $104,580. Wynn's position involves 945 BTC and has seen an unrealized profit of nearly $200K. He has been actively managing his position on the Hyperliquid platform, depositing additional funds to avoid liquidation as Bitcoin's price neared his liquidation threshold. In a surprising move, Wynn has solicited USDC donations from the public to continue his trading, claiming he is fighting against a 'market-making cabal'. He has promised to return donations at a 1:1 ratio if he wins, and has already received over $939,000 in donations. This has sparked a mix of support and criticism within the crypto community, with some questioning the ethics of his fundraising efforts after selling his HYPE token holdings. Amidst these developments, Changpeng Zhao (CZ), the founder of Binance, has proposed the development of a 'dark pool perpetual DEX' to address privacy concerns in trading. CZ argues that the transparency of current DEXs can lead to front-running and MEV attacks, suggesting that a dark pool could protect traders by hiding their orders and positions. This proposal has ignited a debate on the balance between transparency and privacy in decentralized finance.