CMC Markets analyst Carlo Pruscino recently highlighted that the Federal Reserve is anticipated to maintain current interest rates this month. However, an unexpected rate reduction could potentially propel Bitcoin towards
The post Ross Ulbricht’s $31M Bitcoin Donation Linked to Alphabay appeared first on Coinpedia Fintech News Blockchain analytics firm Chainalysis reported that a crypto wallet linked to the defunct dark web marketplace Alphabay was behind a $31 million Bitcoin donation to Silk Road founder Ross Ulbricht. The 300 Bitcoin, donated earlier this month, likely came from a major Alphabay vendor with access to significant funds. Alphabay, active from 2014 to 2017, was a predecessor to Silk Road, showing continued ties within the dark web crypto ecosystem.
The post James Wynn: How A High-Risk Trader Lost His $100 Million Fortune appeared first on Coinpedia Fintech News James Wynn, a high-risk trader, has taken the crypto world by storm: from turning a few million dollars into a $100 million Bitcoin fortune in just a month, to losing it all in a single week. His wild ride in the world of perpetual contracts (perps) and his confessions about how he handled that success have left many stunned and curious. Let’s dive in and see what happened behind the scenes of James Wynn’s rollercoaster journey. From Meme Coins to Millions In a recent tweet post, James Wynn said that he wasn’t always trading big. Before diving into Bitcoin perps, he was better known for calling out meme coins, where he made headlines by calling out Pepe Coin when it was worth only $600,000. His bet on Pepe turned into a huge success story, earning him an impressive eight-figure profit. This early win gave him confidence and a reputation as a risk-taker in the crypto community. I started trading on perps in March, had never traded perps before, in-fact never really traded properly before, I’ve just traded meme coins. (Before I was known for calling pepe at 600k and making 8 figures). In one month I turned about $3m into $100m and then lost it all in… — James Wynn (@JamesWynnReal) June 6, 2025 In March, James took his trading game up a notch, shifting from meme coins to Bitcoin perpetuals. Surprisingly, in just one month, he turned a starting balance of around $3 million into a jaw-dropping $100 million . His success was widely visible thanks to blockchain tracking, and he quickly gathered hundreds of thousands of followers eager to watch his next move. When Hype Becomes a Trap As James Wynn’s fame grew, so did the pressure. He felt he had to prove himself after turning $3 million into $100 million. But instead of careful trading, he started gambling, trying to get back the money he lost. He didn’t see the huge numbers on the screen as real money anymore. On May 19, Wynn made a risky Bitcoin trade using 40x leverage, starting with 5,520 BTC. He later added more Bitcoin, ending up with over 9,300 BTC, worth over $1 billion. At one point, he was up by $10 million. But when the U.S. tariff news hit, prices dropped fast. Wynn lost $60 million in one day. Even though he still had $25 million from earlier, in just a week, all his $100 million gains were gone, lost on the HyperLiquid platform. Warning and a Wink Despite the pain of losing so much, Wynn hasn’t lost his sense of humor. He even joked about using his affiliate link for those still wanting to trade, but his story is a reminder of the risks and rewards that come with high-stakes trading.
The post Why is Crypto Market Crashing Today? appeared first on Coinpedia Fintech News The crypto market is crashing today as Elon Musk and President Donald Trump’s clash has taken a hard hit on the market. Tesla dropped 15%, Bitcoin keeps sliding, and altcoins are also dropping fast. The crypto market cap is down 4.8% in the last 24 hours and the U.S. stocks also dipped slightly amidst the chaos. Cryptocurrencies Take Big Hit Bitcoin was down over 4% to $100,500 earlier today, and is close to dropping below $100K for the first time in a month. It is currently trading at $102,995. Other coins like Solana and SUI took big hits, falling more than 7%. Ethereum dropped 7.25%, XRP was down 4.35%, and Solana lost 5.2%. However, they have slightly recovered at the time of writing. The TRUMP meme coin crashed 9.3% during the Musk-Trump fight. Crypto stocks like Coinbase also fell 4.6%, MicroStrategy dropped 2.4%, and miners like MARA, Riot, and Core Scientific also fell about 5%. $1 Billion in Crypto Liquidations Nearly $1 billion in crypto positions were liquidated in 24 hours, mostly from long bets. Bitcoin alone saw $341M in daily liquidations, while Spot Bitcoin ETFs saw $278M outflows as institutions pulled back. Data from Glassnode showed that many long-term Bitcoin holders started selling after BTC hit a record $111,970 in May, raising the chances of a short-term price drop. ETH futures also saw a 5.5% drop in open interest and $260M in long liquidations. The sudden sell-off shows investors are getting worried as bigger economic risks and U.S. politics shake the crypto market. Reports hint that the White House is even holding emergency talks to see how this might affect the economy. Politics Getting in the Way? With good news around rate cuts and rising institutional buys, politics is clouding the market mood. Bitcoin is hanging tough around $100K, but if long liquidations continue, it could drop to around $95,000–$98,000 before finding solid support. However, traders are confident that Bitcoin will hit $120,000 by the year-end. The strong corporate buying and low volatility have kept the optimism high, with a 69% chance on the Polymarket betting platform. Corporate investors now hold nearly 810,000 BTC worth $85 billion, almost double from last year. So, experts expect Bitcoin’s momentum to stay strong.
Data from Coinglass analytics showed that the crypto market saw a sharp decline following the public fallout between Elon Musk and Donald Trump. The firm revealed that 227,000 traders were liquidated in the past 24 hours, with total liquidations coming in at $983 million, of which long positions accounted for $892 million. According to the analytics platform, the largest single liquidation happened on Bitmex, with XBT/USD reaching $10 million. On-chain data also revealed that the Bybit cryptocurrency exchange was hit by a total of $353.81M, with over 90% accounting for longs at $333.94M. Market liquidates crypto traders amid decline 🚨BREAKING: Stocks + crypto plunge and uncertainty rattles markets as the feud between Trump and Elon Musk explodes into the public eye. Some Investors are bracing for more fallout. pic.twitter.com/QfkOjdeg62 — Armando Pantoja (@_TallGuyTycoon) June 5, 2025 On-chain data showed that over the past 24 hours, Bitcoin dropped more than 3% and is currently trading at $102,316. The largest cryptocurrency was also hit by a total of $339M liquidations in the past 24 hours, with long positions accounting for $308.11M. BTC recorded a 35.27% increase in trading volume in the last 24 hours to reach$58.88 billion. Ethereum also dropped by 7% in the last 24 hours, reaching $2,445. ETH followed with $284.76 liquidations during the same period, with long reaching $260M. The digital asset also saw a 46.21% surge in trading volume in the last 24 hours, recording $26.13 billion. Trump’s cryptocurrency, TRUMP, was also hit hard amid the feud with Musk, recording over $8.5M in liquidations in the last 24 hours. On-chain data showed that long liquidations accounted for $7.55M, with its price currently exchanging hands at $9.657, a nearly 11% drop in the same period. Solana plunged 3.10% to $147.44 following the news, with $50M liquidations in the last 24 hours, of which $46.98 long positions got liquidated. XRP also dropped by 3.09% in the past 24 hours, reaching $268. Data showed that XRP saw a total of $23.4M in liquidations during the same period, with only $22.72M accounting for long positions. At the time of publication, DOGE has slipped over 6.86% to $13.99, recording a total of $27.12M liquidations in the last 24 hours, of which $23.44M were long positions. FART coin has been resilient, showing a 19.28 surge in the last 24 hours to $1.0479 and having relatively equal long and short liquidations. Trump beefs with Musk as friendship implodes The girls are fighting 💅 Trump says he’s “very disappointed” in Elon Musk after the billionaire turned on his beloved GOP tax bill. The bromance is cracking. When even your biggest fanboy billionaire backs away from your fiscal fantasyland, you know the house of cards is… pic.twitter.com/8E5j6cjZVc — Brian Allen (@allenanalysis) June 5, 2025 An extraordinary social media feud erupted on Thursday, causing a deterioration in the once close relationship between the former allies over several hours. U.S. President Donald Trump and the world’s richest person, Elon Musk, hurled deeply personal insults over matters significant and insignificant. The President argued that it all started after he took away Elon’s EV Mandate, which forced everyone to buy electric cars that nobody else wanted. Trump noted that the easiest way to save money in the U.S. budget was to terminate Elon’s Governmental Subsidies and Contracts. “I’m very disappointed with Elon. He had no problem with it. All of a sudden, he had a problem, and he only developed the problem when he found out we’re going to cut the EV mandate.” -U.S. President Donald Trump. Trump said the bill was one of the greatest ever presented to Congress, with a record cut in expenses of $1.6 trillion. He says there will be a 68% tax increase if the legislation doesn’t pass. Musk called for Trump’s impeachment and mocked his connections to the convicted sex offender Jeffrey Epstein. Trump also claimed that Tesla’s mogul had gone “crazy” and threatened to cancel his multi-billion dollar federal contracts and tax subsidies for Musk’s companies. The tech billionaire had complained for weeks about the budget bill, using the nonpartisan Congressional Budget Office to estimate the legislation would add $2.4 trillion to the deficit over the next decade. Musk condemned the bill as a “disgusting abomination.” The SpaceX owner responded to Trump’s claims, accusing the President of lying about the bill and being ungrateful for the millions he spent to get elected. Musk argued that Trump would have lost the election without him, Democrats would have controlled the House, and the Republicans would have been 51-49 in the Senate. Trump acknowledged that Musk’s contributions did not affect his winning the battleground in Pennsylvania. He also posted on Truth Social that he had fired Musk from his role as a special adviser because he was “wearing thin” at the White House. The Tesla mogul retaliated, saying the reason the Trump administration had not released the files into Epstein was because they implicated the President. Musk also quote-tweeted a post calling for Trump to be removed from office and said his tariffs would cause a recession. Shares in Musk’s electric vehicle company, Tesla, dropped almost 15% on Thursday afternoon,n coinciding with when Trump’s remarks began. The tech billionaire’s rocket company, SpaceX, is not publicly traded, but competitors to the firm surged on the news. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Bitcoin ETFs experienced significant net outflows totaling $278 million, underscoring a bearish shift following BTC’s drop below the critical $105,000 level. ARK 21Shares’ ARKB ETF led the outflows with $102
A group of crypto advocacy groups have urged lawmakers to include a bill protecting software devs from being labelled as money transmitters included in a crypto market structure bill.
BitcoinWorld Anthropic AI Launches Powerful Claude Gov Models for US National Security In the rapidly evolving world of artificial intelligence, developments that impact critical sectors like national security are always significant. For those tracking the intersection of advanced technology and government operations, a major announcement from Anthropic highlights this trend. The company has officially unveiled a specialized suite of AI models designed specifically for the demanding requirements of U.S. national security customers. Introducing Claude Gov: Tailored for National Security AI Anthropic’s latest offering, dubbed “Claude Gov,” represents a targeted approach to deploying artificial intelligence within sensitive government environments. These models weren’t developed in a vacuum; according to Anthropic, their creation was directly influenced by feedback from government agencies themselves. This collaborative development process aims to ensure the AI is equipped to handle real-world operational challenges faced by national security personnel. Unlike the general-purpose or enterprise-focused AI models that many are familiar with, the Claude Gov variants are built with specific government use cases in mind. Their intended applications include supporting critical functions such as strategic planning, providing operational assistance, and enhancing intelligence analysis capabilities. The focus is on delivering AI tools that are not just powerful, but also relevant and reliable for high-stakes decision-making. Anthropic emphasized the secure and restricted nature of these models. Access is limited to individuals operating within classified environments, reflecting the sensitive data and operations they are designed to support. The company also stated that these models have undergone the same stringent safety evaluations as their other Claude offerings, underscoring a commitment to responsible AI deployment, even in sensitive contexts. Addressing the Unique Demands of Government AI One of the primary challenges when deploying AI in national security contexts is handling classified and highly sensitive information. Anthropic claims their new Claude Gov models are specifically enhanced to better manage such material. A key improvement mentioned is that these models “refuse less” when interacting with classified data, suggesting a design aimed at facilitating necessary analysis while maintaining security protocols. They also possess a deeper understanding of documentation and contexts common within intelligence and defense sectors. Furthermore, the models are reported to have enhanced proficiency in languages and dialects deemed critical for national security operations. This linguistic capability is vital for processing information from diverse sources globally. Another significant feature is their improved ability to understand and interpret complex cybersecurity data, which is crucial for intelligence analysis in an increasingly digital threat landscape. Anthropic AI and the Pursuit of AI Defense Contracts Anthropic’s move into the national security sector is part of a broader strategic effort to diversify and secure revenue streams. The company has been actively engaging with the U.S. government, recognizing it as a potentially dependable customer base for advanced AI technologies. This isn’t their first foray into this market. In a notable development last November, Anthropic partnered with Palantir, a company with deep ties to government and defense, and AWS (Amazon Web Services), a major cloud provider and investor in Anthropic. This collaboration aimed to specifically market and sell Anthropic’s AI capabilities to defense customers, laying the groundwork for the specialized offerings like Claude Gov we see today. The Competitive Landscape for Government AI Anthropic is by no means alone in targeting the lucrative and impactful realm of AI Defense Contracts. Several other leading AI laboratories are also actively pursuing relationships and contracts with the U.S. government and its defense agencies. The competition highlights the growing recognition of AI’s strategic importance in national security. OpenAI: The company behind ChatGPT is reportedly seeking closer ties with the U.S. Defense Department. Meta: Recently revealed plans to make its Llama models available to defense partners. Google: Is developing a version of its Gemini AI designed to operate within classified environments. Cohere: Primarily focused on enterprise AI, is also collaborating with Palantir to deploy its models, indicating a shared interest in the defense market. This competitive environment suggests a significant push across the AI industry to adapt and offer models capable of meeting the unique demands of government and defense users, particularly concerning security, data handling, and specialized knowledge domains. Conclusion: A Strategic Move in the AI Arms Race Anthropic’s launch of custom Claude Gov models for U.S. national security customers is a significant step, showcasing the increasing specialization of AI technology for critical governmental functions. By tailoring their models to handle classified information, understand defense contexts, and operate in secure environments, Anthropic is positioning itself as a key player in the burgeoning Government AI market. This move, alongside partnerships and ongoing rigorous safety testing, reflects a strategic effort to secure AI Defense Contracts and contribute to national security capabilities. The broader trend of major AI labs vying for government partnerships underscores the transformative potential AI holds for defense and intelligence sectors worldwide. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Anthropic AI Launches Powerful Claude Gov Models for US National Security first appeared on BitcoinWorld and is written by Editorial Team
According to the latest data from the @pandajackson42 dashboard, Binance’s Alpha token demonstrated robust market activity on June 5th, with a trading volume hitting an impressive $1.85 billion. Other notable
World Liberty Financial has officially halted the unauthorized development of the “TRUMP Wallet” by Fight Fight Fight LLC, emphasizing exclusive control over Trump-branded crypto assets. The Trump family publicly denies