A high-profile trader known as James Wynn has suffered massive losses totaling nearly $100 million after Bitcoin’s price briefly fell below $105,000 on May 30. The incident occurred on the Hyperliquid platform, where Wynn had placed large, high-leverage long positions on BTC. 949 BTC Liquidated After Sharp Price Drop Onchain data reveals that Wynn’s two major long positions were forcibly liquidated: In total, 949 BTC positions were closed, equating to losses of $99.3 million. A day earlier, on May 29, another 94 BTC position worth $10 million was also liquidated at $106,330. High Leverage, High Risk According to blockchain analytics…
Author: Blockto Team
Michael Saylor, executive chairman of MicroStrategy (MSTR), delivered a powerful keynote at the Bitcoin 2025 conference in Las Vegas, revealing his inspirational philosophy titled “21 Ways to Wealth.” Saylor, a long-time Bitcoin evangelist, captivated the audience with both poetic metaphors and bold calls to action. “Satoshi Started a Fire in Cyberspace” Saylor opened with a striking metaphor: “Satoshi started a fire in cyberspace… the faithful feed the flame, dreaming of a better world.” He explained that while some fear Bitcoin or use it for flashy gimmicks, those who understand its true value “feed the fire” by investing in it. According…
The U.S. Treasury Department has imposed sanctions on Philippines-based tech company Funnull Technology for allegedly aiding and abetting thousands of crypto scam websites, leading to over $200 million in reported losses. Funnull Accused of Powering Crypto Scam Infrastructure According to a statement released by the Office of Foreign Assets Control (OFAC) on May 29, 2025, Funnull Technology is linked to a majority of scam websites reported to the FBI in recent years. “Funnull purchases IP addresses in bulk and resells them to scammers to clone legitimate investment platforms,” OFAC said. The company allegedly enabled cybercriminals to easily impersonate trusted brands,…
Nigel Farage, leader of the Reform UK political party, has made headlines by announcing that the party is now accepting cryptocurrency donations, making it the first major UK political group to do so. The announcement came during his appearance at the Bitcoin 2025 conference in Las Vegas on May 29, 2025. First UK Party to Embrace Bitcoin Donations Reform UK partnered with Radom, a crypto payments provider, to allow donations in Bitcoin and other cryptocurrencies. “We are the first political party in Britain who can accept donations in Bitcoin,” Farage stated proudly at the event. This move puts Reform UK…
In a stunning development for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has moved to dismiss its long-running lawsuit against Binance, the world’s largest cryptocurrency exchange. The case, originally filed in June 2023, was paused earlier this year after Donald Trump returned to the White House, marking a major shift in federal crypto enforcement policy. Joint Motion to Dismiss — “With Prejudice” In a joint filing submitted Thursday, the SEC and Binance requested the case be dismissed with prejudice, which means the SEC cannot refile the lawsuit in the future. The motion states: “In the exercise of…
Telegram, the widely used messaging app popular in the crypto community, has successfully raised $1.7 billion through a convertible bond offering that closed on May 28, 2025. The round featured a 9% coupon and saw participation from major global investors including BlackRock and Mubadala. Use of Funds: Debt Repayment and Growth Capital According to a report by Bloomberg, the proceeds will be split into two primary allocations: Telegram co-founder Pavel Durov celebrated the response in a post on the platform: “The response from investors was phenomenal… Due to strong demand, we expanded the offering beyond the initial $1.5 billion —…
Binance Coin (BNB) has surged past the critical $687.50 resistance level, fueled by geopolitical tensions and investor demand for alternative assets. As traditional markets reel from global trade conflicts, BNB is showing strong bullish momentum and rising trading volume, positioning itself as a hedge against economic uncertainty. Geopolitical Uncertainty Drives Crypto Rotation Recent escalations in global trade disputes have rattled investor confidence across equities and commodities. In response, many are turning to crypto assets like BNB as a perceived safe haven during volatile macroeconomic conditions. “BNB is attracting flows as investors seek digital alternatives to traditional market exposure,” notes CoinDesk…
Shiba Inu (SHIB) posted a sharp recovery on massive trading volume Wednesday, bouncing off its intraday low amid rising geopolitical and macroeconomic volatility. The meme token’s latest performance hints at a potential bullish breakout, as traders eye key resistance levels. Intraday Recovery Highlights SHIB Resilience According to CoinDesk Research’s AI-assisted data, SHIB plunged to a session low of $0.00001405 around 15:00 UTC, only to rebound powerfully on above-average volume, closing the day with notable strength. This recovery suggests that buyers are stepping in at key support levels, showing confidence despite ongoing economic uncertainties. Macro Headwinds Meet Technical Strength SHIB’s surge…
Business-to-business (B2B) stablecoin payments have surged to a $36 billion annualized run rate, according to a new report from analytics firm Artemis, co-authored by Castle Island Ventures and Dragonfly Capital. From Niche to Norm: B2B Payments Are the Fastest-Growing Use Case Historically associated with retail remittances and P2P transfers, stablecoins are now seeing explosive growth in enterprise use cases. The report revealed that B2B stablecoin volumes grew from under $100 million/month in early 2023 to over $3 billion/month by early 2025. “The sharp acceleration in the second half of 2024 signaled stablecoins moving beyond experimentation into core financial operations for…
Ethereum’s native token, Ether (ETH), has surged 45% in the last 30 days, outperforming both the broader DeFi market and Bitcoin (BTC). The rally marks a powerful comeback for ETH, which had a rocky start to 2025. Institutional Inflows Fuel ETH Rally A major driving force behind Ether’s recent momentum is institutional demand. According to market analysts, record-breaking inflows into spot ETH ETFs have ignited buying pressure. This growing interest has helped ETH rebound from a low of $1,472 in April to its current price of $2,651. “ETH’s rise is largely driven by institutional capital and renewed confidence in Ethereum’s…