Hyperliquid Overtakes DOGE in Market Cap as HYPE Rally Adds 70% in May

A senior European Central Bank official has warned that stablecoins carry the same fragilities that once destabilized money market funds, cautioning that their rapid rise could threaten financial stability and quietly entrench the US dollar at the euro’s expense. Related Reading: Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)? The […]

XLM surged past $0.27 early June 1—yielding brief 24-hour gains of 14%—before a market-wide sell-off trimmed its daily gains to 5%. Alongside Hyperliquid and TRON, XLM was one of the few top 20 digital assets to post gains on a day the aggregate market fell 1.4%. XLM Defies Market Sell-off On June 1, XLM surged […]

The post A Trader Made $42 Million in 10 Months, Then a HYPE Short Wiped It out in 18 Days appeared on BitcoinEthereumNews.com. Key Takeaways Onchain tracker Lookonchain says loracle.hl erased $42.2 million in gains via a HYPE short over just 18 days. The trader is now down a further $5.19 million as HYPE pushed to a record near $70 on May 31. The blowup has once again brought out the risk of fading a token whose own buyback fund keeps absorbing supply. A 10-Month Win Streak Undone in Under Three Weeks The collapse was flagged by Lookonchain, a blockchain analytics account that tracks large traders. According to its data, loracle.hl took roughly 10 months to accumulate $42.2 million in profit trading perpetual futures, the leveraged derivatives that let traders bet on price without holding the underlying asset. That patient track record evaporated in just 18 days once the trader opened a sizable short against HYPE, the native token of the Hyperliquid perpetuals exchange. As HYPE kept g

A trader known onchain as ‘loracle.hl’ spent nearly 10 months building $42.2 million in profits on perpetual futures, only to lose all of it (and then some) after betting against Hyperliquid’s HYPE token. The position has now been mostly closed at a steep loss. A 10-Month Win Streak Undone in Under Three Weeks The collapse […]

The post BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today appeared on BitcoinEthereumNews.com. June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region. The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin BTC$73,038.00 and ether (ETH) both losing about 1%. At $72,700, bitcoin is currently negative for a sixth time in seven days, following a 3.5% slide last month, usually a period with positive returns. It averages a 7.4% rise in May, according to Coinglass data. A record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs) saw $2.97 billion leave the investment vehicles. The CoinDesk DeFi Select Index led the day’s decliners, dropping 2.6% since midnight, with all six members lower. Ondo Finance’s ONDO token fell 2.8%, and has now lost 17% since founder Nathan Allman died unexpectedly last week. Hyp

SoftBank's rise signals a shift in Japan's corporate landscape, emphasizing AI and tech over traditional manufacturing as future growth drivers. The post SoftBank surpasses Toyota to become Japan’s largest company by market cap appeared first on Crypto Briefing.

The HYPE token broke through $70 to reach a new all-time high of $74.04, driving its market capitalization past $16 billion. HYPE Flips DOGE as Market Cap Crosses $16B HYPE kicked off June with another milestone as the token breached the $70 mark on its way to tapping an all-time high. The latest surge, which […]

The post Forget Dogecoin (DOGE), This Under-$0.005 Token Could be the Next 50x Meme Coin  appeared on BitcoinEthereumNews.com. Dogecoin made many people rich in 2021. It also left many people waiting for a repeat that has yet to arrive. Currently, a coin is doing something quite different in the meme coin space, trading at less than half a cent. The new meme coin named Little Pepe (LILPEPE) has become a serious competitor to Dogecoin. It’s currently in stage 13 of its presale. Selling at $0.0022, it has raised over $28 million and sold nearly 17 billion tokens. Analysis suggests it could be the next 50x meme coin.  Why Dogecoin (DOGE) No Longer Carries the Same Upside Dogecoin’s legacy is hard to dispute. It is the token that proved the entire meme coin category deserved to exist. Its all-time high of $0.73 in May 2021 came from almost nothing. This milestone delivered life-changing returns for early holders.  But DOGE is now a $17 billion market cap asset trading around $0.11 accordin