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One of crypto’s infamous high-stakes traders forfeited more than $100 million on the decentralized exchange (DEX) Hyperliquid. The pressing question now is: Was this catastrophic unraveling of leverage quietly orchestrated by the tactic known as liquidation hunting or simply bad luck? Crypto Perp Traders Beware: The Mechanics of Liquidation Hunting When Hyperliquid trader James Wynn … Read more
In a big move toward decentralized finance, Ethena has launched its synthetic dollar, USDe, into the TON (The Open Network) ecosystem. Now, TON users can access a decentralized stable asset that is fully backed and earning yield, and is an alternative to fiat-pegged stablecoins. USDe is Ethena’s delta-neutral synthetic dollar. It was originally built on … Read more
In the realm of cryptocurrency, momentum can build so quickly that it almost staggers one, and this week has proved no exception with the token $LPT (Livepeer). Following a recent announcement by Upbit Global, one of South Korea’s top cryptocurrency exchanges, $LPT had been on a moonshot trajectory toward hitting a new all-time high… only … Read more
In the high-stakes crypto universe, tokens from seemingly the same sector can have wildly differing market performances. A striking example of this is unfolding right now with $ZK and $STRK, two tokens with comparable unlock percentages but significantly diverging price trajectories. While $STRK currently trades at a price above its total fundraising valuation, $ZK has … Read more
In a notoriously volatile arena, few tales embody the extremes of crypto trading better than that of James Wynn. Once seen as a trading legend for transforming barely $1,000 into the aforementioned $83 million in 70 days, Wynn’s image took a sharp turn after he lost over half of that time in the same space … Read more
CoreDAO has collaborated with Maple Finance, BitGo, Copper.co, and Hex Trust in a major step towards solving the problem of illiquid institutional Bitcoin holdings. CoreDAO and its partners have created lstBTC — a yield-bearing Bitcoin token especially suited to institutions and accredited investors. Hosted on the Core blockchain, lstBTC is liquid and offers a performance-oriented … Read more
The BNB Chain ecosystem demonstrated much strength last week, as it appeared to secure its spot as a leading Layer 1 blockchain. The BNB Chain had a market cap and on-chain activity that surged. There was a seemingly coordinated ecosystem development push, too, that noticeably improved the BNB Chain. Altogether, it seemed like the BNB … Read more
The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the U.S. dollar. A pilot has already managed to complete a cross-border transaction between the Bahamas and Barbados. Caricom Pilots Payment Platform to Reduce Dollar Usage The instability of the U.S. trade … Read more
Netflix will release a limited series dramatizing the rise and fall of cryptocurrency exchange FTX and its leaders, Sam Bankman-Fried (SBF) and Caroline Ellison. ‘The Altruists’ to Explore $8B FTX Fraud with Julia Garner and Anthony Boyle “The Altruists,” an eight-episode Netflix limited series produced by Barack and Michelle Obama’s Higher Ground Productions, will chronicle … Read more
Ross Ulbricht delivered his first live public speech on May 29 since being granted a full presidential pardon by Donald Trump earlier this year. Silk Road Creator Ross Ulbricht Delivers First Live Speech Following Trump Pardon Standing before a live audience on stage in Las Vegas at Bitcoin 2025, Ross Ulbricht marked a dramatic turn … Read more