Crypto leverage trader James Wynn loses M on Bitcoin bet

Crypto leverage trader James Wynn loses $25M on Bitcoin bet

Hyperliquid leverage trader James Wynn has claimed the market is being manipulated against him after he was liquidated for 240 Bitcoin, worth $25 million. The millionaire leveraged crypto trader James Wynn has been liquidated of nearly $25 million in Bitcoin after betting with leverage that the cryptocurrency’s price would rise. Wynn was liquidated for 240…

Read More
Russia’s largest bank Sber offers up Bitcoin-linked bonds

Russia’s largest bank Sber offers up Bitcoin-linked bonds

Russia’s largest commercial bank, Sber, launched a Bitcoin-linked bond product that’s now trading on OTC markets and may soon be listed on the country’s top stock exchange. Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available…

Read More
Bitcoin falls below 4K, but data shows BTC traders positioned for a rebound

Bitcoin falls below $104K, but data shows BTC traders positioned for a rebound

Bitcoin sells off amid mounting macroeconomic uncertainty, but data shows pro traders clinging to their bullish price expectations. Key takeaways: BTC futures and options show stable investment sentiment despite the recent price correction. Macroeconomic uncertainty and the escalating US trade war reduce the odds of Bitcoin retesting its recent all-time high. Read more If you…

Read More
Hyperliquid backs 24/7 crypto trading in CFTC comments submission

Hyperliquid backs 24/7 crypto trading in CFTC comments submission

Decentralized exchange Hyperliquid has submitted formal comments to the US CFTC supporting 24/7 perpetual derivatives trading. Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it…

Read More