In the past hour, $188 million worth of futures positions were forcibly liquidated
Major exchanges forcibly liquidated futures positions worth $188 million in the past hour.
In the past 24 hours, futures positions worth $809 million were forcibly liquidated.
Hyperliquid whale BTC 40x long facing forced liquidation crisis
Hyperliquid whale James Wynn is reportedly experiencing a loss of $800,000 from his Bitcoin 40x long position. James Wynn currently holds a long position worth approximately $54.89 million, with an average entry price of $105,554 and a liquidation price of $103,410. According to CoinMarketCap, BTC is trading at $104,254, down 2.6%.
FTX begins second creditor repayment
FTX announced through its official X account that it has started its second creditor repayment. This repayment, worth over $5 billion, targets customers who held accounts at the time of bankruptcy in November 2022 and general unsecured creditors. Creditors may take 1-3 business days to receive their payments.
Anonymous whale repurchases $89.03 million in ETH
Blockchain analysis firm LookOnChain reported that an anonymous whale address, which sold 50,754 ETH (worth $93.53 million) near $1,660-$1,794 last month, just bought 34,343 ETH at $2,593. This amounts to approximately $89.03 million.
Ripple CLO: "CLARITY Bill is a significant advancement in US crypto regulation"
Ripple's Chief Legal Officer Stuart Alderoty stated on X, "The Digital Asset Market Bill (CLARITY) introduced to the US Congress yesterday is a crucial step towards comprehensive cryptocurrency regulation. Regulatory clarity is not a matter of debate, and this bill means the US is one step closer to a viable regulatory framework."
Coinbase International lists perpetual futures for A
Coinbase's cryptocurrency derivatives exchange, Coinbase International Exchange and Coinbase Advanced, announced the listing of perpetual futures for A. HYPE is scheduled to start trading after 6:30 PM Korean time on June 5th.
Chinese think tank: "BTC as a hedge against dollar hegemony"
According to Solid Intel, a government-affiliated Chinese think tank recently evaluated Bitcoin as a hedge against US dollar hegemony and a strategic reserve asset that deserves continuous attention.
Trump Media secures $2.5 billion in funding
Walter Bloomberg reported that Trump Media (DJT) has completed a $2.5 billion funding round for establishing a Bitcoin reserve strategy. Previously, Trump Media had announced a $2.5 billion private placement plan involving 50 institutional investors on the 27th (Korean time).
Willy Woo: "BTC may enter sideways phase if rebound fails"
On-chain analyst Willy Woo analyzed on X that if Bitcoin fails to strongly rebound this week, a bearish divergence could form on the weekly chart. If such a divergence occurs, BTC might continue a directionless, tedious trend for several weeks.
TST drops 40% on Binance spot market
UBlockchain reported that TST dropped to $0.03456 (-40%) on the Binance spot market. According to CoinMarketCap, TST is currently trading at $0.04087, down 30.32%.
Trump: "Will definitely win tariff lawsuit"
Walter Bloomberg reported that Donald Trump stated he will definitely win the legal dispute surrounding US tariff policies.
BTC falls below $105,000
According to Coinness market monitoring, BTC has fallen below $105,000. On the Binance USDT market, BTC is trading at $104,892.05.
BTC falls below $104,000
According to Coinness market monitoring, BTC has fallen below $104,000. On the Binance USDT market, BTC is trading at $103,962.83.
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