Category: News

HYPE Whales Pull $64.9M off Exchanges as One Trader’s $46.5M Short Bet Backfires

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Key Takeaways One wallet pulled 902,317 HYPE worth $64.9M off exchanges over the 72 hours, signaling accumulation. Trader loracle.hl, down $46.46M shorting HYPE, flipped long and lost a further $840,000. Whale withdrawals to staking cut liquid HYPE supply even as Arthur Hayes exited his position. Whales Quietly Stack HYPE Large holders are pulling HYPE off exchanges at a steady clip, suggesting accumulation rather than an intent to sell. To this point, a newly created wallet tagged 0x6436 withdrew another 140,960 HYPE worth about $9.48 million, bringing its three-day haul to…

Bitcoin In Vulnerable Position As 2022 Setup Repeats –$54K Next?

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While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading Bitcoin Tags Key 200‑Week SMA After Four Years After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support. The flagship crypto had been trading between $64,000-$82,000 since the early February crash, holding above the upper half of the range for…

7RCC launches Bitcoin and carbon credit ETF on NYSE Arca

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7RCC Global has launched trading of BTCK, an exchange-traded fund that allocates 80% to Bitcoin and 20% to regulated carbon credit futures, bringing one of the crypto industry’s earliest ESG-focused ETF concepts to the public market. Summary 7RCC’s BTCK ETF has begun trading on NYSE Arca with an allocation of 80% Bitcoin and 20% regulated carbon credit futures. The fund provides exposure to Bitcoin alongside carbon markets linked to the EU ETS, California Cap and Trade, and RGGI programs.  BTCK launches as ETF issuers continue expanding crypto investment products beyond…

Bitcoin price crash puts $60K support back in the spotlight

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Bitcoin price traded near $61,925 on June 5 as selling pressure kept BTC close to the $60,000 support zone, with ETF flows, whale deposits, and weak sentiment driving the next market test. Summary Bitcoin price slipped near $61,925 as traders focused on $60,000 support after sharp weekly selling. ETF outflows and Strategy’s rare sale weakened confidence while AI-linked capital rotation added market pressure. Whale Binance deposits doubled in June, adding short-term selling risk as sentiment turned bearish fast. Bitcoin price nears $60,000 support Bitcoin price data from crypto.news showed BTC…

Crypto Billionaires Bankroll Reform UK in First-Quarter

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Nigel Farage’s Reform UK received 7 million British pounds ($9.4 million) from two crypto billionaires this year, with total funds raised outstripping all other political parties. The party received a $4 million donation from Christopher Harborne, who has a stake in the stablecoin issuer Tether, and a $5.4 million donation from Ben Delo, the co-founder of the crypto exchange BitMEX, according to Electoral Commission data released on Thursday. The Labour and Conservative parties each received around $5.4 million in the first quarter of the year.  Reform UK has pitched itself…

Strategy’s Bitcoin Model Under Pressure, Grayscale Warns

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Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale. “The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,” said Zach Pandl, Grayscale’s head of research, on Thursday.  Michael Saylor’s Strategy sold 32 BTC on Monday, a tiny fraction of its total holdings of 843,706 BTC, but enough to rattle market sentiment as the asset has tanked by 16% since the sale.  Strategy also sold $128 million worth…

HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges

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HYPE is trading above $60 despite the recent market selloff that has dragged most crypto assets to significant losses over the past several days. The relative strength is notable — but Arkham Intelligence data has revealed a series of institutional-scale transactions in the past several hours that transform the price resilience from an interesting observation into a documented behavioral signal. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels Three new wallets withdrew a combined 557,406 HYPE tokens worth approximately $40.2 million from Kraken eight hours…

He Cracked the Code to Winning the Lottery 14 Times With a Hidden Method – Bitcoin News

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Key Takeaways Stefan Mandel won $27M in Virginia on Feb. 15, 1992, after covering 7,059,052 combinations. Mandel’s 14 jackpot wins pushed Australia and France to tighten lottery rules after 1992. Powerball’s 292,201,338 odds and new controls make Mandel’s strategy unworkable today. Stefan Mandel treated the lottery like a spreadsheet problem and kept cashing the answers. The Romanian mathematician orchestrated a network of backers to print and buy every possible combination, culminating in a Virginia jackpot on 02/15/1992 worth $27 million plus a pile of smaller prizes. Regulators from Australia to…

AI Could Soon Train and Improve Itself Anthropic Says

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US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input, and recommends a slowdown in development. In a blog post published Thursday, Marina Favaro, lead at the Anthropic Institute, and Anthropic co-founder Jack Clark said agents can already run code themselves, delegate hours of work to other agents and could be on the cusp of taking over completely. “For most of AI’s history, humans drove every step in its development cycle. But at Anthropic, we…

Analyst Spots XRP Signal That Preceded Every Major Rally Since 2017

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…