Day: May 30, 2025

Bitcoin (BTC) Bull James Wynn Close to Total Liquidation as Losses Near $100M

James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin’s cooling sentiment. Wynn’s current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week. (Coinglass) Data from Hyperdash shows that Wynn’s margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses. (Hyperdash) The trader, known for making aggressive…

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Bitcoin eyes ‘healthy pause’ around $106K before price picks up steam

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Bitcoin could enter a period of sideways movement following a court decision on US President Donald Trump’s tariffs, but that’s not necessarily a bearish signal, according to a crypto analyst. “While the recent surge to over $111,000 was notable, the current price action suggests a phase of consolidation rather than an imminent breakout,” onchain options protocol Derive founder Nick Forster told Cointelegraph. Bitcoin consolidation will help market “digest recent gains” Forster argued that a consolidation phase could be “a healthy pause” before another “significant upward movement.” He said that this…

Decentralized AI favored by majority of Americans: DCG poll

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Nearly three-quarters of surveyed Americans believe decentralized artificial intelligence is more likely to support innovation and progress over a centralized counterpart, according to a Harris poll commissioned by crypto venture firm Digital Currency Group (DCG). Results of the poll of 2,036 Americans aged 18 and over released on May 29 found that 56% favored decentralized AI, and 77% saw decentralized AI “as more beneficial to society overall.” “Three-quarters of Americans agree that the transformative power of AI would benefit more people if it wasn’t consolidated in the hands of a…

Bitcoin ETFs have first joint outflow in 2 weeks, but BlackRock bucks trend

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US spot Bitcoin exchange-traded funds have seen their first joint outflow day in over two weeks, with only BlackRock’s fund seeing a net inflow for the day. The 11 Bitcoin (BTC) ETFs together recorded a net outflow of $347 million on May 29, ending a 10-trading-day inflow streak, which last happened on May 13, according to CoinGlass. It is also the largest single day of net outflows since March 11, when $396 million in total left the ETFs. The latest outflows came as Bitcoin sank by more than 3.5% on…

Football Powerhouse Paris Saint-Germain Confirms Club Added Bitcoin to Balance Sheet in 2024

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Paris Saint-Germain (PSG) holds bitcoin on its balance sheet and is actively supporting the Bitcoin ecosystem through its PSG Labs initiative, club executive Pär Helgosson announced at the Bitcoin 2025 conference in Las Vegas. Paris Saint-Germain Reveals Bitcoin Treasury Allocation, Backs Ecosystem Helgosson, head of PSG Labs, revealed that the global football club allocated a […] Original

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Krypto Reserve: Laut David Sacks könnten nun doch aktive Zukäufe möglich sein

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Im Zuge des US Präsidentschaftswahlkampfs hat sich Donald Trump ganz klar auf die Seite der Krypto-Befürworter gestellt. Schnell kam er mit der Idee der Bitcoin Reserve – man wolle zudem die USA zur Hauptstadt des Bitcoin…

Bitcoin Selling Pressure Weak As Binance Inflows Stay Subdued

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin (BTC) continues to trade close to its new all-time high (ATH) of $111,980, set earlier this week. While some argue that the top digital asset may be running…

Hyperliquid whale losses near $100M after Bitcoin dips below $105K

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A Hyperliquid trader known as James Wynn has seen his Bitcoin long bets on the platform liquidated for almost $100 million after Bitcoin dipped below $105,000.  Wynn had made two significant long leveraged positions on Bitcoin (BTC), betting that the cryptocurrency’s price would rise, but onchain data shows those positions were liquidated to the tune of $99.3 million on May 30 as BTC fell to a 10-day low. The first position of 527.29 BTC worth $55.3 million was liquidated as Bitcoin hit $104,950, and the second position of 421.8 BTC…