On the decentralized exchange Hyperliquid, an extraordinary $1.1 billion notional long bitcoin position has been established, leveraged 40 times, marking a rare milestone of a ten-figure bet fully executed on a blockchain-driven platform. The wallet behind this colossal trade is labeled “0x507,” linked to the enigmatic trader known as “James Wynn” within the community. Entry…
Global markets sank into a risk-averse mood Monday, dragging down bitcoin and ether prices. Shares of crypto-linked enterprises mirrored the plunge, with miners dropping sharply and Coinbase tumbling 17%. On Monday, stocks tied to cryptocurrency ventures experienced a sharp downturn as mounting unrest in the Middle East coupled with growing doubts about the global economic…
The past 24 hours witnessed a staggering surge in altcoin futures liquidations, spearheaded by Big Time’s BIGTIME and Ordi Protocol’s ORDI tokens, culminating in a colossal $250 million wiped out across the altcoin spectrum. This sharp shakeup lays bare the abrupt and unpredictable swings pulsing through the market’s veins. Understanding Liquidations: When Margin Calls Become…
Surpassing $1 billion in cumulative net inflows, BlackRock’s iShares Ethereum Trust (ETHA) stands out as the pioneer among 11 issuers to hit this impressive benchmark. While Ethereum ETFs collectively have experienced over $440 million in net outflows, falling behind their bitcoin ETF counterparts, BlackRock’s bitcoin fund ranks among the top five ETFs by inflows in…
As of Monday, the market for tokenized U.S. Treasuries rocketed to an impressive $698 million, a staggering leap from roughly $100 million at the dawn of the year, per insights from RWA.xyz, a platform tracking real-world assets (RWA). Charlie You, co-founder of RWA.xyz, highlighted in the Our Network newsletter that this surge is fueled not…