Key Takeaways: Wallet 0x004e closed a 700 BTC short on May 5, booking a $1.94M loss on a single trade. The loss erased $1.71M earned across 11 consecutive profitable bitcoin short positions. Bitcoin’s push above $81,000 triggered a broad short squeeze, forcing leveraged bears to cover losses. The Math Behind the Wipeout The trader had…
Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade signals elevated risk appetite as bitcoin surged past $81,000 for the first time since January. Hyperliquid has continued attracting large traders after launching its HIP-4 prediction markets on May 2. A Trader…
Key Takeaways: Russia’s Moscow Exchange will launch crypto indexes for SOL, XRP, TRX and BNB within the next week. Moex will weigh price data from Binance (50%), Bybit (20%), OKX (15%), and Bitget (15%). The exchange plans to grow its crypto index suite from six to at least 10 assets over time. How the Indexes…
Key Takeaways: Hut 8 secured a $200 million credit facility with Falconx at 7.0%, replacing its prior Coinbase agreement. The deal unencumbered 3,300 bitcoin worth $260 million on May 1, 2026, signaling lower industry debt costs. CEO Asher Genoot will use the increased liquidity to fuel growth in Hut 8’s energy and compute infrastructure. Unlocking…
Key Takeaways: Blockchain Capital’s Spencer Bogart notes over 20 crypto firms now seek OCC charters to integrate with banks. Securing 1 federal OCC charter gives firms like Ripple credibility to attract serious institutional capital. Next, 20+ OCC-chartered crypto firms, like Coinbase, will unlock large banks and sovereign wealth funds. The End of the Decentralized Fantasy:…
Global cryptocurrency exchange Binance is allegedly preparing to legally re-enter the Philippine market by June 2026 through a local entity, according to claims made by Dubai-based crypto trading entrepreneur and influencer Arlone Abello, also known as Coach Miranda Miner. During a recent broadcast of his online show, Abello stated that he had spoken directly with…
Key Takeaways: Haun Ventures launched a $1 billion fund to back startups building the next-generation financial system. Unlike its $1.5B 2022 funds, Katie Haun shifts focus to bridging AI, stablecoins, and legacy finance. Haun will deploy the $1B across 3 key sectors, preparing current networks for an AI-driven future economy. Haun Ventures Launches $1 Billion…
Key Takeaways: Comparison to the yen carry trade signals potential for large-scale capital reallocation. STRC offers monthly cash dividends, public-market access, and an 11.52% effective yield. Regulatory clarity could accelerate institutional participation and expand alternative yield benchmarks. Bitcoin-Linked Carry Trade Draws Wall Street Attention Wall Street may be underestimating a major carry trade forming around…
Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct. Customers will receive more than $5 million through repayments and transferred bankruptcy recoveries. Settlement requires broker registration, tighter due diligence, and stronger compliance controls going forward. Uphold Challenges New York CredEarn Settlement Claims Uphold HQ Inc. disputed New York’s account of…
Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 billion held outside banks, curbing liquidity. Facimex Valores Adrián Yarde Buller notes that citizens distrust banks due to the 2001 crisis. Milei has walked back his main campaign promise to dollarize Argentina, citing peso preference. Argentines Still Distrust the Government: Fiscal…
