Author: NBTC
Cryptocurrency investor and well-known figure James Wynn has claimed to have made over $41.69 million in total profits this year through decentralized cryptocurrency trading platform HyperLiquid. In a statement on social media, Wynn said: “I have made a total profit of $41,696,589.75 since I started trading on HyperLiquid this year. My next goal is $1 billion. Not for the money, but to leave a legacy. It is probably not possible to reach that goal this cycle unless I take heavy short positions at the tops. I don’t think there is anyone else with my wealth who is willing to increase…
A slew of tech bros—including the richest man in the world, Elon Musk—have adopted Mog Coin’s crypto-famous branding, apparently leading the Ethereum and Base token to pump 51% on the week, per data from CoinGecko. Mog Coin (MOG) is a meme coin referencing the slang phrase “mogging” or “to mog,” a term that originated on controversial image board 4Chan in 2016, according to KnowYourMeme. Put simply, it means to dominate somebody or something, often via physical strength or good looks. However, the meme coin took this phrase and evolved its meaning to “effortless cosmic domination,” while adding viral branding of…
Bitcoin, Ethereum, and Solana are making news as a crypto whale has deposited $13 million in USDC into the decentralized exchange Hyperliquid. The money was invested into opening short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 5x leverage or placed in a $65 million leveraged bet against the prevailing bullish market trend. A whale deposited 13M $USDC to Hyperliquid to short $BTC, $ETH and $SOL with 5x leverage.https://t.co/ix4TmncXUn pic.twitter.com/YUsb3RTV3f — Lookonchain (@lookonchain) May 10, 2025 Betting Against the Momentum This is evident as Bitcoin has recently surpassed $103K, and Ethereum has jumped by 23% following its successful…
BTC Inc, parent company of Bitcoin Magazine and The Bitcoin Conference, is putting Bitcoin to the ultimate test at this year’s Bitcoin 2025 conference with an official attempt to break the GUINNESS WORLD RECORDS® title for the Most Bitcoin Point of Sale Transactions in 8 Hours. The attempt will take place live during the conference at the Venetian Conference Center in Las Vegas from May 27–29, 2025. To make this possible, BTC Inc will issue 4,000 Lightning-ready Bolt Cards to attendees. The cards use tap-to-pay functionality and feature four limited-edition designs, each honoring a major figure in Bitcoin history and…
Based on the most recent data, tokenized U.S. Treasury bonds continue their upward trajectory, notching a 6% gain since May 2, 2025. Tokenized Treasuries—$6.89B and Climbing Last Friday, May 2, the cumulative worth of tokenized Treasuries hit $6.5 billion—a historical milestone. In just one week, this figure grew by 6%, expanding to $6.89 billion and attracting approximately $390 million in new capital. Since Jan. 1, 2025, the tokenized Treasury bond sector has grown by 71%, increasing from $4.03 billion to its current $6.89 billion valuation. Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an infusion of $36 million since May…
XRP spent April with sideways trading around $2.14. Ledger data, however, showed increased whale accumulation, with over 880M tokens sent to personally controlled wallets. XRP, the native token of Ripple’s ledger, is drawing the attention of whales despite its lackluster price performance. In April, active whale accumulation resumed, drawing out over 880M tokens out of exchanges and into personally controlled wallets. XRP wallets with balances over 10,000 coins have grown in the past month. According to Santiment data, the past month saw gradual inflows into whale wallets, awaiting more active price action for XRP. There are now over 300K addresses…
Bitcoin (BTC) has reached $97,000 on news of tariff talks between the US and China next week. While the rise is expected to continue, K33 analysts announced the new strategy in Bitcoin. K33 Research analysts recommend a ‘hold and hold’ strategy for Bitcoin in May. Stating that the situation is very different this time, K33 analysts stated that cryptocurrencies have moved away from the “sell and exit in May” strategy inherited from traditional markets and have switched to the “hold and stay in May” strategy. This phrase, known as a phrase rooted in traditional stock markets, indicates a possible decline…
The underperformance shown by ETH for a long time dragged the overall market capitalization by 17% this year. The community sentiment data from CoinMarketCap reveals that 80% of the traders are expecting short-term gains, and the market is still bullish. After so long, Ethereum (ETH) has witnessed significant gains of 29% between May 8 and May 9. Also, it ended a 10-week bear market that reached its lowest point at $1,385 on April 9. At the press time, ETH is trading at $2421, 3.12% up in the last 24 hours and 32.12% up in the past seven days. The overall…
Jump Crypto has acquired a significant equity stake in Securitize for an undisclosed price. Jump Crypto, the digital asset arm of Chicago quantitative trading firm Jump Trading, has acquired a significant equity stake in Securitize, which specializes in real-world asset tokenization. Financial details of the deal were not disclosed. This partnership aims to enhance institutional access to tokenized assets, like Treasurys, private credit, and private equity, and improve collateral management solutions, especially as the demand for real-world asset tokenization grows. “We think that the market should be digesting this investment really as a signal that firms like Jump now have…
The Arbitrum Foundation took to X, formerly Twitter, earlier today to announce that the DAO is moving on to the next phase of its Stable Treasury Endowment Program (STEP), after an on-chain vote. As part of the new phase of the DAO’s initiative to diversify its treasury with investments in real-world assets (RWAs), it will allocate 35 million ARB, worth around $11.6 million at current prices, to tokenized U.S. Treasurys through leading institutional issuers Franklin Templeton, Spiko, and WisdomTree. It’s a massive day for RWAs! The ArbitrumDAO just approved 35M ARB via STEP 2 to accelerate RWA institutional adoption with…