A widely-tracked 5x-leverage perpetual on Hyperliquid tied to SpaceX’s impending IPO, expected to be the largest in history, has declined for three consecutive weeks. The product, tickered as SPCX, traded near $157 on Wednesday, down about 27% from its mid-May launch price of around $216, after briefly touching $230. That does not mean traders are
A portion of the 40x leveraged Bitcoin ($BTC) short position held by prominent Hyperliquid trader James Wynn has been partially liquidated, according to blockchain analytics platform Onchain Lens. Despite the liquidation event, Wynn has not fully exited the trade and continues to maintain the position, signaling a strong bearish conviction on the leading cryptocurrency. Details
There is the theoretical possibility that at this precise historical moment Bitcoin could be a better investment than gold. Although this is only a hypothesis, it is nonetheless supported by some data that make it at least plausible, even if not necessarily probable. However, to understand this reasoning it is necessary to stop thinking like
NBA Top Shot decentralized storage IPFS is now at the center of one of the platform’s biggest infrastructure changes yet. Every Moment on the platform — the video highlight, the thumbnail, and the metadata — is now preserved on decentralized IPFS storage, so collectors can verify what they own without asking for permission or logging
Today, the entire crypto market is on edge as the U.S. Consumer Price Index (CPI) report is set to be released at 8:30 AM ET. Economists expect annual inflation to climb to 4.2%, its highest level since March 2023. With Bitcoin already struggling near $61,000, stronger-than-expected economic data could put more pressure on the price
Bitcoin spot exchange-traded funds (ETFs) have fallen out of investor favor and how. Total dollar value of net assets across the 11 spot ETFs stood at $77.58 billion on June 9. That’s the same level seen just after President Donald Trump won the presidential election in early November 2024. This is not to say the
CME Group has launched Nasdaq CME Crypto Index futures, giving traders exposure to eight large cryptocurrencies through one regulated contract. Trading began on June 8, while CME confirmed the launch on June 9. The product tracks Bitcoin, Bitcoin Cash, Ether, Solana, $XRP, Cardano, Chainlink and Stellar Lumens. It expands CME’s digital asset range beyond futures
Bitcoin price started a downside correction from the $64,600 zone. $BTC is showing bearish signs and might continue lower below $61,200. Bitcoin failed to stay above $64,000 and extended losses. The price is trading below $62,800 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at
M3 DAO, a community-driven Web3 infrastructure platform, has partnered with RATGPT, a renowned decentralized entity. The partnership endeavors to combine the community-led infrastructure of M3 DAO with the cutting-edge platform of RATGPT for the development, trading, and tokenization of independent AI agents. As per M3 DAO’s official social media announcement, with the merger of token-based
Bitcoin is holding above $62,000 after the massive drop that defined last week’s market action and erased months of recovery progress in a matter of days. The price is stabilizing — but analyst MorenoDV has published a demand analysis that places the current market conditions in a historical context that makes the stability feel considerably