Key Takeaways Wallet 0x50b3 opened a $100.33M ETH short at 23x leverage on Hyperliquid. The position liquidates if ETH reaches $2,149.84, less than 2% above the ~$2,109 entry price. Hyperliquid processed over $176B in 30-day trading volume as nine-figure leveraged bets have also intensified over the same time period. A Nine-Figure Bet Against Ether Wallet…
Key Takeaways A Hyperliquid whale unstaked 443,180 HYPE ($27M) and sold 231,899 HYPE ($14.15M) as the trader’s short position came under pressure. HYPE reached a new all-time high of $64.21 on May 24, squeezing multiple short positions across the platform. The trader still holds a 141,500 HYPE short worth $8.67M as 211,281 remaining tokens continue…
Key Takeaways IHC executed a landmark $30 million transaction using the new DDSC token on ADI Chain. This milestone expands the UAE crypto market, following approvals for Mbank’s AE Coin and Zand’s AEDZ. Developers now plan to connect the Middle East with global markets via new DDSC digital trade corridors. Major Institutional Transaction Executed The…
Decentralized prediction market Polymarket has launched an active betting contract on the outcome of Vice President Sara Duterte’s upcoming impeachment trial, allowing global cryptocurrency users to wager on whether the Philippine Senate will convict her. The deployment of the localized contract occurs alongside ongoing network-level restrictions, with users on Globe Telecom finding the platform blocked…
Key Takeaways Vitalik Buterin flagged ‘relay dependence’ on X as a fragility concern for Ethereum’s smart wallet users. FOCIL and EIP-8141 are targeted for the Hegota upgrade in late 2026 to rebuild the public mempool. EIP-7701 enables native account abstraction for Ethereum wallets, expected with the Hegota fork. The Problem With Relays Smart contract wallets…
Key Takeaways After securing a €5B deal, Mexico and the EU will next collaborate to curb global crypto money laundering. The talks will focus on targeting groups like the Sinaloa Cartel, which use crypto flows to launder money globally. Both governments will next advance a dialogue to deal with crypto threats. Mexico and the EU…
Decentralized prediction market Polymarket has become inaccessible to users in the Philippines utilizing the Globe Telecom network. Visitors attempting to access the platform via Globe are currently redirected to a standard “Access Restricted” landing page hosted by the Cybercrime Investigation and Coordinating Center (CICC): Polymarket blocked by Globe ISP in the Philippines. When accessing the…
Key Takeaways Coinbase CEO Brian Armstrong highlighted 8 financial gaps spanning assets, markets, payments, AI, regulation, access, fundraising, and sound money. Stablecoins and tokenized assets remain central as blockchain-based finance expands into institutional markets. Policy changes and technical progress could shape how widely these systems reach users. Finance Still Needs These 8 Core Upgrades, Coinbase…
Key Takeaways Brent crude fell below $99 on May 24 as Trump declared a U.S.-Iran deal “largely negotiated,” targeting the reopening of the Strait of Hormuz. JPMorgan forecasts Brent averaging $60 long-term if tensions ease, with WTI potentially sliding into the $80s on confirmed supply restoration. Bitcoin held near $77,000 through the Memorial Day weekend…
Key Takeaways Buterin detailed on May 24, 2026, that the Ethereum Foundation (EF) holds only 0.16% of all ETH, far below rivals. The EF plans to shrink its scope, focusing solely on censorship-resistance, privacy, and open infrastructure for Ethereum. Buterin called for artificial intelligence (AI)-assisted formal verification to make Ethereum provably bug-free within months. Buterin…
