Crypto trader James Wynn has closed a massive $1.25 billion Bitcoin long on Hyperliquid—built with 40x leverage—at a $13.4 million loss, despite briefly sitting on $40 million in paper profits. The trade, one of the largest ever on the platform by a single trader, had a liquidation price of $105,179. Trader Cuts Losses After Bitcoin Dips on Hyperliquid Wynn began his Bitcoin long position with $830 million on May 21, trimming $400 million in profits the same day. By May 22, the trader increased the position back up to $1.1 billion as BTC crossed $110,000 and gained nearly $40 million in unrealized profits. He later sold 540 BTC for $60 million, securing a $1.5 million profit. https://twitter.com/lookonchain/status/1926438907530342403 The crypto trader confirmed on X that he “cut his losses” on closing his highly leveraged long positions. Before going all in on Bitcoin, James Wynn had closed a long position on PEPE for a profit of $25.19 million. Bitcoin was cruising to new all-time highs this week before it dipped on Trump’s 50% tariff announcement on all EU imports. The leading cryptocurrency saw a local bottom at $107,431 on late Saturday. At the time of writing, Bitcoin is trading at $108,238. Hyperliquid Sees One of Biggest Trades by a Single Trader The decentralized crypto exchange Hyperliquid saw one of the biggest trades by a single trader when James Wynn opened a long position that reached $1.25 billion. This long bet signifies a shift among traders as trust of DEX increases. The native token of the exchange HYPE saw its demand rise as the price increased to $34.64, up 4.2% in the last 24 hours. The post Hyperliquid Trader James Wynn Exits $1.25B Long Bitcoin Bet at a Loss appeared first on Cryptonews .
The demand for Dogecoin (DOGE) remains robust, even in the face of market deleveraging, showcasing strong buyer confidence. Despite the broader market decline, DOGE has successfully maintained its vital support
Australian Senator Gerard Rennick has sparked a debate within the crypto community by labeling Bitcoin a “Ponzi scheme” and questioning its intrinsic value. His remarks come as Bitcoin reached a
The post XRP’s “Big Signal” Is Coming — Top Trader Is Finally Preparing to Buy appeared first on Coinpedia Fintech News XRP, one of the most talked-about altcoins in crypto history, may finally be catching the attention of some seasoned traders, even those who’ve never touched it before. Prominent crypto analyst VirtualBacon, just shared that he might finally buy XRP , but only if a few key signs play out. So, what’s making him consider XRP now, after all these years? Watching the XRP/BTC Ratio VirtualBacon isn’t basing his decision on XRP’s dollar price. Instead, he’s watching how it performs against Bitcoin (XRP/BTC). Further he points out that the XRP/BTC chart has been showing weakness since 2017, forming a long downtrend. But recently, something interesting has developed, the chart is showing signs of a rounded top with strong support at 0.000022 BTC. I’ll buy $XRP when this happens I’ve never held $XRP . But that might be about to change. One key signal is setting up and if it triggers in the next 3–6 months, I’ll finally add $XRP to my portfolio. Here’s what I’m watching — VirtualBacon (@VirtualBacon0x) May 24, 2025 If this level breaks and XRP drops another 20–23%, he believes it will enter the “value zone,” between 0.000017 and 0.000019 BTC. That’s where he plans to buy, around the $1.80 price level. VirtualBacon’s Trade Plan According to VirtualBacon, this is the cleanest XRP setup he’s seen in two years. His plan looks like this: Wait for XRP/BTC to drop 20–22% Enter around the $1.80 price zone Watch for a breakout in the BTC ratio Likely timeframe: next 3 to 6 months He’s not rushing in. Instead, he’s preparing in advance, ready to act when the signal is clear. Why XRP Could Revive Other Coin This trade isn’t only about making gains. VirtualBacon believes a breakout for XRP could revive other older coins that have been forgotten in recent years like Cardano, Stellar, HBAR, Algorand, and XDC. Unlike Ethereum and Solana, which have gained strong reputations with institutions and retail respectively, XRP has always stood out for one reason, mass recognition. With its legal battle nearly over, ETF talks underway , and market positioning improving, XRP may be setting up for more than just a pump, it could be staging a comeback.
Market deleveraging hasn’t shaken DOGE’s demand zone, hinting at strong buyer conviction.
Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it isn’t digestible. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit a new all-time high of $111,970 on May 22 . Rennick says Bitcoin will go to $1 million but is a “Ponzi Scheme” “Bitcoin will ultimately go to $1 million dollars. Why because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply constrained product,” Rennick said. “What exactly will this product produce?” Rennick said. He added that Bitcoin ( BTC ) will produce “absolutely nothing” and Australia “needs real engineers not financial engineers.” Source: Gerard Rennick Bitcoiners across the world were quick to respond to Rennick’s comments. The Australian Bitcoin Industry Body (ABIB) said Rennick’s remarks about “Bitcoin reveal a deep misunderstanding.” The ABIB added: “This matters, because misunderstanding leads to misrepresentation. And misrepresentation leads to bad policy.” Unchained podcast host Laura Shin said , “You also can’t eat the internet, so do you oppose that too?” Bitcoin Marathon team lead Jimmy Kostro said , “This is definitely going to age well. Please enlighten us with more of your deep and nuanced understanding of Bitcoin.” Source: Coinvision Rennick responded to the criticism and said he doesn’t “need to explain anything.” “It’s pathetic how the Bitcoin community needs reassurance from a politician - the very people they claim they want to be free from,” Rennick said. The Bitcoin community has frequently spoken out when prominent individuals have expressed anti-Bitcoin views. Related: Bitcoin inflows projected to reach $420B in 2026 — Bitwise Only a few weeks ago, Arizona Governor Katie Hobbs experienced backlash from the Bitcoin community after her decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves . Casa co-founder and cypherpunk Jameson Lopp said, “This will age poorly.” Meanwhile, Bitcoin entrepreneur Anthony Pompliano said , “Imagine the ignorance of a politician to believe they can make investment decisions.” Crypto lawyer Andrew Gordon said , “We need more elected officials who understand that Bitcoin and crypto are the future.” Similar backlash was seen by the Bitcoin community when the US government decided to transfer $1.9 billion of Bitcoin to Coinbase in December 2024. Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
James Wynn has made a $1.2 billion leveraged Bitcoin investment. This high-risk move has started debates among experts and investors. Continue Reading: The High-Stakes Bitcoin Bet: James Wynn Takes a $1.2 Billion Leap The post The High-Stakes Bitcoin Bet: James Wynn Takes a $1.2 Billion Leap appeared first on COINTURK NEWS .
According to recent data from Token Terminal, the demand for USDC on the Ethereum network has surged to unprecedented levels, marking an all-time high. The current outstanding supply of USDC
After months of anticipation, Bitcoin shattered resistance, surging past $106,000 and closing in on its all-time high. With over 13% gains in May 2025 alone and institutional ETF inflows piling in, the king of crypto is pulling markets into a bull run. That means altcoin season is back on. As BTC blazes a trail, traders are eyeing new breakout stars, and it’s not just XRP this time. SUI brings speed and DeFi strength, while Remittix (RTX), the $0.07 PayFi disruptor, is delivering instant crypto-to-fiat payments, minus the legal baggage. If you missed the last bull run, find out why this could be your second shot. Bitcoin price hits $111K, enters uncharted territory The Bitcoin price smashed through $111,000 on May 22, 2025, its highest ever, after months of consolidation. Institutional demand , led by firms like Strategy and advocates like Michael Saylor, has transformed this rally from retail hype into institutional validation. Source: CoinMarketCap With a market cap now at $2.21 trillion, Bitcoin’s dominance is reinforced by regulatory clarity , bank adoption (JPMorgan included), and looming legislation like the GENIUS Act. As macroeconomic tensions ease and lawmakers embrace crypto frameworks, Bitcoin’s breakout signals more than momentum, it reflects a maturing asset class finally embraced by the financial establishment. XRP gets Wall Street boost with new ETFs XRP just became more accessible thanks to two new ETFs, XRPI and XRPT , now trading on Nasdaq. These funds let everyday investors tap into XRP without needing a crypto wallet, private keys, or a crypto exchange. XRPI mirrors XRP’s price 1:1, ideal for simple investing. XRPT offers 2x daily exposure, aimed at more aggressive traders. Both ETFs are backed by XRP futures, making it easier to trade through regular brokerage accounts. This move follows rising demand for regulated crypto products and brings XRP closer to the mainstream. While convenient, investors should still be cautious as XRP’s price can swing fast. SUI’s secret sauce: powering real-world assets and web3 with blazing speed SUI is emerging as a powerful XRP substitute, offering real-time, secure blockchain data integration through partnerships with OMG Assembly and Microsoft Fabric . Its support for Soulbound Tokens enables tokenization of real-world assets like commodities and private credit, an evolution of XRP’s original use case. Source: CoinMarketCap With a stablecoin supply exceeding $1 billion and seamless Web3 development via Move and zkLogin , SUI powers scalable DeFi apps on a Layer 1 chain. As seen on the chart above, in May 2025, its price surged nearly 30%, peaking near $4.2 and stabilizing around $3.8, signaling strong institutional interest and long-term viability in global finance and payments. Remittix: the crypto-to-fiat game changer giving xrp a run for its money Remittix stands out as a next-gen substitute for XRP, built to deliver what XRP promised: instant, borderless payments, while fixing key flaws. Its core offering allows users to convert 50+ cryptocurrencies into 30+ fiat currencies instantly and send them to any bank account worldwide. The recipient doesn’t even need to know it originated from crypto, making it seamless for real-world adoption. What makes Remittix even more compelling is its flat-fee model, with no hidden FX or wire transfer charges. It runs on the Ethereum blockchain (ERC20), is fully audited with zero issues, and operates with a peer-to-peer architecture that removes middlemen and central control. Transactions are recorded immutably, ensuring total transparency. Security and autonomy are central to its design. High-grade encryption, combined with user-controlled funds, means no custodial risk. Remittix doesn’t just match XRP, it upgrades the model. Altcoin season is official. Are you ready? Altcoin season isn’t coming, it’s here. With Bitcoin blazing into uncharted territory above $111K, the ripple effects are lighting up the rest of the market. XRP may be back in the spotlight, but fresh contenders like SUI and Remittix are stealing the show. If you’re looking for the next big breakout, the timing might be perfect. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix
As the 2025 crypto cycle gains momentum, Ethereum and Solana are holding their ground with moderate but steady gains. ETH is consolidating between $2,400 and $2,900, while Solana trades in a tight range near $170, both supported by bullish technicals and growing institutional adoption. Yet, the real buzz is building around MAGACOIN FINANCE—a presale altcoin whose community growth and upside projections are dominating analyst conversations. Avalanche (AVAX) also remains on the radar, but MAGA is rapidly emerging as the must-watch contender for outsized returns. CLICK HERE – FINAL CHANCE BEFORE PRICE JUMPS 35x MAGACOIN FINANCE: Early-Stage Momentum and 11,000% Potential MAGACOIN FINANCE is setting the pace for early-stage altcoins in 2025, with Stage 8 live, over $8 million raised, and unmatched demand from both retail and institutional buyers.Key highlights: Scarcity-driven model: 100 billion tokens, 45% allocated to presale, creating a powerful supply squeeze. Community surge: Over 20,000 holders, with presale trackers and analyst dashboards ranking MAGA as the #1 presale of the year. 50% bonus: Early buyers using the exclusive PATRIOT50X promo code secure a 50% token bonus before the $0.007 listing target. Analysts are projecting 35x–50x returns as a conservative estimate, with some models suggesting up to 11,000%–18,500% upside if momentum continues. As each stage fills, MAGACOIN FINANCE is solidifying its reputation as the breakout early-stage opportunity of 2025. Ethereum (ETH): Steady Gains and Bullish Structure Ethereum is trading between $2,400 and $2,900, with technical indicators pointing to a possible breakout toward $2,800–$2,900 if bullish sentiment holds. The network’s resilience, Layer 2 growth, and institutional adoption continue to support ETH’s long-term outlook, but its near-term upside is now more measured compared to the explosive potential of MAGACOIN FINANCE. Solana (SOL): Bullish Momentum and Institutional Confidence Solana is consolidating around $170, with analysts watching for a breakout above $175 to retest $183 and potentially reach $240–$260 later this year. While Solana’s fundamentals are robust and its ecosystem continues to expand, traders seeking sharper returns are increasingly rotating into early-stage tokens like MAGACOIN FINANCE. Avalanche (AVAX): Quiet Strength, MAGA Steals the Spotlight Avalanche is forecasted to move between $17.7 and $91.1 in 2025, with a bullish reversal expected as key support levels hold. While AVAX’s fundamentals are strong, its near-term upside is less dramatic than the presale-driven surge of MAGACOIN FINANCE. EARLY ACCESS ENDING SOON – ACT NOW Conclusion While Ethereum and Solana maintain steady momentum, MAGACOIN FINANCE is registering the heaviest community surge and most dramatic growth potential. With Stage 8 nearly full, a 50% PATRIOT50X bonus, and analyst forecasts up to 11,000% ROI, MAGA stands out as the breakout altcoin to watch for 2025. To learn more about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Twitter: https://x.com/magacoinfinance Continue Reading: Ethereum and Solana See Moderate Gains — MAGACOIN FINANCE Registers Heaviest Community Surge Toward 11,000%