$1.5 Million Wiped Out as Hyperliquid’s SpaceX Pre-Market Perpetual Flash Crashes 45%
Key Takeaways The SPACEX-USDH contract on Hyperliquid plunged 45% on May 28, dropping from $2,277 to $1,254. Thin liquidity triggered $1.51 million in liquidations across 1,393 positions held by 405 users. The flash crash once again exposed the risks of…
Why Bitcoin Is Falling Behind Record-Breaking Stocks
Analysts have said that currently, stocks and Bitcoin are being driven by entirely different market forces. Global stocks have been making new highs recently, but Bitcoin (BTC), the biggest cryptocurrency based on market capitalization, is trading at almost 42%…
Hyperliquid’s Pre-IPO SpaceX Contract Suffers 45% Flash Crash, Liquidating $1.5 Million
A synthetic crypto contract linked to SpaceX’s private market valuation collapsed nearly 45% in roughly 30 minutes on Thursday, wiping out more than $1.5 million and forcibly closing hundreds of leveraged positions on the decentralized derivatives platform Hyperliquid. The episode…
CFTC says some derivatives markets may not suit 24/7 trading
The CFTC has warned regulated derivatives platforms that round-the-clock trading may suit crypto-native markets but may not work safely across every traditional asset class. Summary The CFTC warned that 24/7 trading may not suit every traditional derivatives market. Coinbase said…
FalconX Confidentially Files With SEC for IPO Amid Cautious Crypto Market
Crypto prime broker seeks public listing as sector-wide IPO momentum stalls Crypto trading and prime brokerage firm FalconX has taken a significant step toward a public listing, confidentially filing a draft S-1 registration statement with the U.S. Securities and Exchange…
Coinbase Opens Global Crypto Derivatives to US Traders
Key Takeaways Coinbase became the first U.S.-regulated FCM offering global crypto derivatives access. CFTC staff action supports Coinbase’s regulated route to global crypto options and perpetual futures liquidity. Deribit’s more than $31 billion in bitcoin options open interest highlights the…
Strategy Moves $30 Million in BTC to Coinbase Amid Sell Speculation
The timing of the deposit raised eyebrows given recent hints that Strategy could consider selling some of its Bitcoin. On May 29, the world’s largest corporate holder of Bitcoin Strategy transferred 411.48 BTC, worth over $30 million, to Coinbase…
Bitcoin Falls Out of the Top 10 Global Assets — Again
The world’s largest cryptocurrency has slipped to its lowest ranking in over two years, overtaken by surging AI-driven tech stocks and record-setting precious metals. But not everyone is alarmed. Bitcoin has once again fallen out of the world’s top 10…
What led to Mark Cuban’s viral Bitcoin dump?
Mark Cuban has dumped most of his Bitcoin, calling it “not the hedge I expected” as the Iran war and dollar volatility exposed what he sees as a failed safe haven narrative. Summary Mark Cuban says Bitcoin “has lost the…
DeXe price eyes $20 amid significant buy volume – can bulls sustain momentum?
DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain. Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation. Technical support sits at $15, while bulls could target $24 or higher next….
