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48 minutes ago

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HYPE Surges to $65 as Whale Garrett Jin Accumulates $9M Position

HYPE has surged to a new all-time high of $65, driven by significant accumulation from prominent trader Garrett Jin. Jin, known for his accurate $735 million short position on Bitcoin before the October market crash, has acquired 145,050 HYPE tokens worth approximately $9.05 million. Additionally, he has set a TWAP order to purchase another 39,940 HYPE, valued at $2.44 million, indicating a strategic, long-term accumulation approach. Jin's HYPE investment is part of a broader $77 million portfolio, which includes a $38.9 million long position in Bitcoin and a $38 million short position in Zcash. This diversified strategy underscores his confidence in HYPE's potential amidst a challenging market environment. The recent breakout has propelled HYPE into a price discovery phase, with strong volume and momentum suggesting sustained buying interest. As HYPE remains above its previous resistance levels, the market anticipates increased volatility and potential profit-taking.

BTC +0.40% HYPE +0.49% ZEC +4.99%
50 minutes ago

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BTC and ETH See $10.11M Net Institutional Sell-Off in 24 Hours

Institutional order flow for Bitcoin (BTC) and Ethereum (ETH) recorded a net sell of $10.11 million over the past 24 hours. According to the PRO Large Order List, BTC experienced a total trading volume of $1.011 billion, with $469 million in buy orders and $542 million in sell orders, resulting in a net sell difference of $73.62 million. Meanwhile, ETH saw a total volume of $700 million, with buy orders at $385 million and sell orders at $314 million, leading to a net buy difference of $70.75 million. The latest data indicates that large players are strategically positioning at key price levels, with BTC showing a net order book difference of $1.146 billion and ETH at $666 million. These figures suggest significant buying support for BTC and ETH, although large orders can be canceled or filled at any time. The PRO platform's "Large Order Tracking" tool provides real-time monitoring of these changes, offering insights into market dynamics.

BTC +0.40% ETH -0.14%
52 minutes ago

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Eventra Market Partners with Presens Network to Enhance Prediction Market Apps

Eventra Market has announced a strategic partnership with Presens Network to enhance its decentralized prediction market platform. This collaboration aims to leverage Presens Network's DEPIN infrastructure to improve scalability, security, and affordability for Eventra's users. By integrating with Presens, Eventra Market can now meet its computational demands more efficiently, allowing users to engage in prediction markets across various sectors such as politics, sports, and cryptocurrency. The partnership addresses the growing need for processing power in Web3 applications, enabling Eventra Market to deliver high-performance, low-latency computational processing. This integration is expected to reduce operational costs while maintaining peak performance, making the platform more accessible to users worldwide. The collaboration underscores the importance of DEPIN technology in supporting scalable and secure Web3 applications.
52 minutes ago

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Prometheum Launches Digital Brokerage Solutions for Tokenized Securities

Prometheum has introduced its Digital Brokerage Solutions, aiming to integrate tokenized securities into traditional financial systems. The New York-based firm offers a suite of services including clearing, custody, and trading, enabling broker-dealers to offer crypto assets through existing brokerage accounts. This move seeks to bridge the gap between blockchain-based assets and regulated securities markets. Co-CEO Aaron Kaplan emphasized the importance of distribution channels, stating that while tokenization has been achieved, mainstream investor access remains limited. Prometheum's platform supports the full lifecycle of blockchain-based securities and operates within a regulated framework, allowing traditional financial firms to compete with crypto exchanges while maintaining investor protections. The company anticipates further onboarding of broker-dealers and RIAs as demand for regulated digital asset infrastructure grows.
53 minutes ago

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Bitcoin Reaches $74,300 Amid ETF Outflows and Liquidations

Bitcoin surged to $74,300 as cryptocurrency ETFs experienced significant outflows totaling $1.26 billion. The market also saw nearly $1 billion in liquidations, highlighting increased volatility. Meanwhile, Ethereum co-founder Vitalik Buterin announced a strategic shift for the Ethereum Foundation, focusing on reduced ETH sales and a return to foundational principles. In regulatory news, the SEC unexpectedly withdrew its exemption for tokenized stocks, impacting market participants. Additionally, Congress has initiated investigations into Polymarket and Kalshi over potential insider trading activities, signaling heightened scrutiny in the crypto derivatives space.

BTC +0.40% ETH -0.14% POLY -84.02%
1 hour ago

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Cross-Chain Protocol Squid Suffers $3 Million Hack

Cross-chain protocol Squid was hacked, resulting in the theft of over $3 million within two hours. On May 25, security firm Blockaid reported that the SquidRouterModule on the Ethereum and Base networks was targeted, leading to the draining of 86 Gnosis Safe wallets. The attacker converted the stolen assets into DAI using a Uniswap V3 pool they controlled. The incident is under investigation. This breach comes shortly after Squid completed a $6 million funding round led by North Island Ventures, with contributions from Ripple, Dialectic, Borderless Capital, Scenius Capital, and angel investors from projects like Axelar and Ledger.

DAI +0.02% ETH -0.14% GNO -0.07% UNI -2.16% XRP -0.34%
1 hour ago

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Lytton SA Nets $60M Profit Amid Strait of Hormuz Tensions

Swiss trading firm Lytton SA has made headlines by securing a $60 million profit from a single oil shipment through the Strait of Hormuz, despite significant geopolitical tensions. The supertanker "Agios Fanourios II," carrying 2 million barrels of Iraqi crude, successfully navigated the blockade, drawing attention to the volatile oil markets. Lytton SA capitalized on the situation by purchasing the crude at $18 per barrel below the international benchmark and selling it at a premium outside the Gulf. The voyage, fraught with challenges, included multiple interception attempts by Iranian and U.S. forces and required diplomatic coordination. Despite incurring shipping costs of $35 million to $40 million, the transaction highlighted the lucrative arbitrage opportunities amid the current market conditions. The incident underscores the high-risk, high-reward nature of trading in the region, as price differentials for crude cargoes have widened significantly, attracting more traders to the area.
1 hour ago

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New York Court to Rule on Ownership of 39,069 Abandoned Bitcoin Wallets

A New York court is set to decide the ownership of 39,069 abandoned Bitcoin wallets after a man, identified as Noah Doe, filed a lawsuit seeking legal title to these assets. Doe discovered the wallets using a self-developed algorithm and reported them to the NYPD, complying with lost property laws. Despite extensive efforts to locate the owners, including global outreach and blockchain verification, the wallets remained unclaimed. The lawsuit, filed in the Supreme Court of the State of New York, seeks a declaratory judgment under New York Personal Property Law, arguing that Doe is entitled to the wallets as a finder. The case, involving dormant wallets identified through a security vulnerability, could set a precedent in crypto property law, determining if such assets can be claimed as lost property.

BTC +0.40%
1 hour ago

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South Korea to Launch Leveraged ETFs for Samsung and SK Hynix

South Korea is set to introduce single-stock leveraged exchange-traded funds (ETFs) linked to semiconductor leaders Samsung Electronics and SK Hynix this Wednesday. The initiative, involving eight asset management firms including Samsung Asset Management and Mirae Asset, will see 16 leveraged and inverse ETFs listed on the Korean stock exchange. Additionally, Mirae Asset Securities will offer two types of exchange-traded notes (ETNs). This move aims to attract retail investors back to domestic markets amid growing interest in AI-related chip investments. Analysts predict net inflows into these ETFs could reach 5.3 trillion Korean won, reflecting strong demand from South Korea's 14 million retail investors.
2 hours ago

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Brazilian Exchange B3 Executes First OTC Crypto ETF Options Trade

Brazilian exchange B3 has successfully completed its first over-the-counter options trade linked to the Hashdex crypto ETF HASH11. The transaction, executed between financial institutions Inter and XP, was cleared and guaranteed by B3’s clearinghouse, serving as the central counterparty. This milestone marks a significant step in integrating crypto ETFs into Brazil's traditional financial infrastructure.
2 hours ago

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Ethereum Faces Intensifying Market Challenges Amid Layer-2 Expansion

Ethereum is grappling with significant market challenges as its Layer-2 expansion strategy continues to divert activity from its primary blockchain. Bitcoin maximalist and JAN3 CEO Samson Mow has expressed concern over Ethereum's declining market performance, noting that the network's struggles are more severe than anticipated. Ethereum's price has been trading between $2,000 and $2,150, with its ETH/BTC ratio dropping to 0.027, highlighting a shift in investor sentiment towards Bitcoin. The network's aggressive Layer-2 expansion, involving platforms like Arbitrum and Optimism, has led to reduced demand for Ethereum's base-layer gas fees, a trend some critics label as "L2 cannibalism." Institutional investors are also feeling the pressure, with firms like BitMine Immersion Technologies facing substantial unrealized losses after acquiring Ethereum at higher prices. In response, Ethereum co-founder Vitalik Buterin has called for improvements in decentralization and infrastructure to bolster the network's resilience.

ARB +1.48% BTC +0.40% ETH -0.14% OP +1.56%
2 hours ago

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BTC Whale Liquidates $13.1M Short Position, Reverses to Long

A significant Bitcoin short position on Hyperliquid was liquidated twice in the past hour, totaling 169.5 BTC, or approximately $13.15 million, marking the largest liquidation on the network today. Following the liquidation, the trader utilized the remaining $220,000 in their account to initiate a long position with 40x leverage, acquiring 130.6 BTC at an average price of $77,561. This new position is valued at about $10.1 million, with a liquidation threshold set at $76,681.

BTC +0.40%
2 hours ago

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Pope Leo XIV Issues Encyclical on AI Ethics, Criticizes Silicon Valley

Pope Leo XIV has released his first encyclical, Magnifica Humanitas, addressing the ethical challenges posed by artificial intelligence. The document criticizes the profit-driven motives of Silicon Valley, particularly targeting figures like Elon Musk and Peter Thiel for promoting transhumanist ideals that undermine human dignity. The Pope condemned the use of AI in military applications and called for an end to delegating lethal decisions to automated systems. The encyclical highlights concerns over digital monopolies and the exploitation of data, warning against new forms of digital servitude and slavery, especially in sectors like rare earth mining. In a break from tradition, the Vatican invited Christopher Olah, co-founder of AI company Anthropic, to the encyclical's unveiling, signaling a call for moral accountability in AI development. The Pope also issued a public apology for the Church's historical silence on slavery and rejected the use of "just war" theory in modern conflicts, urging internal reform within the Church to address abuse and opacity.
2 hours ago

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WUSD/GLOVE Pair on Ethereum Exploited for $207K

The WUSD/GLOVE trading pair on the Ethereum network has been exploited, resulting in a loss of approximately $207,000. The attacker converted the stolen funds into about 98 ETH and subsequently deposited them into Railgun, a privacy-focused protocol. This incident highlights ongoing vulnerabilities in decentralized finance platforms.

ETH -0.14% RAIL -0.72% WUSD +0.07%
2 hours ago

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2U2.ai Secures Strategic Investment to Enhance AI-Driven Meme Infrastructure

2U2.ai has announced a new round of strategic investment to bolster its AI-driven Meme infrastructure, though the specific amount remains undisclosed. The investment round includes participation from Castrum Istanbul and M2M Capital, aiming to support the expansion of 2U2.ai's Meme ecosystem. Previously, the project has attracted backing from Becker Ventures, CGV FOF, Gemhead Capital, and K24 Ventures. 2U2.ai is developing a Web3-native MemeLayer designed to generate, distribute, and remix Meme content using AI technology. The platform has introduced the Meme Arms Race points system, which incentivizes users to create and share Meme content, allowing them to earn points and participate in future ecosystem incentives.
2 hours ago

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Trade XYZ Acquires MINIMAX Code for 500 HYPE, Eyes Perpetual Contracts

Trade XYZ has successfully bid for the MINIMAX code, offering 500 HYPE tokens, as reported on May 25. The transaction, valued in USDC, signals potential future listings of MINIMAX perpetual contracts. MINIMAX, developed by Xi Yu Technology, is a product of a leading global artificial intelligence company known for its rapid growth and innovation. Xi Yu Technology, recognized as China's first AGI company to go public, was listed on the Main Board of the Hong Kong Stock Exchange on January 9, 2026. The company achieved this milestone in just four years, setting a record for the fastest listing of any AI company worldwide.

HYPE +0.49% USDC -0.00%
2 hours ago

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Virtus Investment Expands STRC Holdings by $40 Million

Virtus Investment has bolstered its investment in Stretch (STRC), a treasury company under Strategy, by acquiring 402,880 shares valued at $40 million. This acquisition was made through its InfraCap U.S. Preferred Stock ETF. Virtus Investment manages assets totaling $154 billion, highlighting its significant influence in the investment sector.
2 hours ago

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ETH Gains Popularity on HTX Despite Minor Price Dip

Ethereum (ETH) has seen a rise in popularity on the HTX platform, reaching an attention level of 4.03 million, despite a slight 0.07% decline in its price to $2,119.10. The cryptocurrency ranks fifth in popularity, following HYPE, ZEC, NEAR, and BSB. In the past 24 hours, ETH experienced a net inflow of $33.911 million, contributing to a total trading volume of $22.244 billion. However, large investors showed weak buying pressure, with a net outflow of $84.5215 million recorded during the same period.

BSB -0.97% ETH -0.14% HYPE +0.49% NEAR +7.37% ZEC +4.99%
2 hours ago

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Meta Lays Off 8,000 Employees, Deploys AI Monitoring Tools

Meta has laid off approximately 8,000 employees in a single-day reduction on May 20, 2025, as part of a strategic shift towards AI-driven operations. Employees were notified via email at 4 a.m., marking an 11% reduction in its global workforce. Concurrently, Meta has implemented the Model Capability Initiative, deploying AI monitoring tools on the computers of retained employees to record their activities for training internal AI systems. CTO Andrew Bosworth stated that employees cannot opt out of this data collection on company devices. This move has sparked backlash, with over 1,500 employees signing a protest petition against what they describe as "Employee Data Exploitation." The initiative aims to train AI agents to eventually replace human roles, with humans relegated to guidance and review tasks. This development reflects a broader trend in the tech industry, where companies are increasingly investing in AI to replace human labor.
2 hours ago

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U.S. Tech IPO Surge: SpaceX, OpenAI, Anthropic Among Firms Eyeing Listings

The U.S. tech IPO market is experiencing a resurgence, with major companies like SpaceX, OpenAI, and Anthropic preparing for public listings. SpaceX has already filed for a Nasdaq listing under the ticker SPCX, targeting a June debut. Other companies, such as Quantinuum and Liftoff Mobile, have also filed public registration documents, signaling imminent IPOs. Meanwhile, firms like Oura and Strava have entered the confidential submission process with the SEC, indicating plans for future IPOs. OpenAI is expected to submit its documents by September. Companies like Anthropic and Databricks remain under media scrutiny, with IPOs anticipated in late 2026 or beyond. This wave of IPOs spans diverse sectors, including AI, aerospace, and fintech.

HYPE Surges to $65 as Whale Garrett Jin Accumulates $9M Position

BTC and ETH See $10.11M Net Institutional Sell-Off in 24 Hours

Eventra Market Partners with Presens Network to Enhance Prediction Market Apps

Prometheum Launches Digital Brokerage Solutions for Tokenized Securities

Bitcoin Reaches $74,300 Amid ETF Outflows and Liquidations

Cross-Chain Protocol Squid Suffers $3 Million Hack

Lytton SA Nets $60M Profit Amid Strait of Hormuz Tensions

New York Court to Rule on Ownership of 39,069 Abandoned Bitcoin Wallets

South Korea to Launch Leveraged ETFs for Samsung and SK Hynix

Brazilian Exchange B3 Executes First OTC Crypto ETF Options Trade

Ethereum Faces Intensifying Market Challenges Amid Layer-2 Expansion

BTC Whale Liquidates $13.1M Short Position, Reverses to Long

Pope Leo XIV Issues Encyclical on AI Ethics, Criticizes Silicon Valley

WUSD/GLOVE Pair on Ethereum Exploited for $207K

2U2.ai Secures Strategic Investment to Enhance AI-Driven Meme Infrastructure

Trade XYZ Acquires MINIMAX Code for 500 HYPE, Eyes Perpetual Contracts

Virtus Investment Expands STRC Holdings by $40 Million

ETH Gains Popularity on HTX Despite Minor Price Dip

Meta Lays Off 8,000 Employees, Deploys AI Monitoring Tools

U.S. Tech IPO Surge: SpaceX, OpenAI, Anthropic Among Firms Eyeing Listings