Elaine Hua: In the cryptocurrency world, short-term bullishness and long-term bearishness are the norm; opportunity and trend are core investment factors
On May 30, Richard Li, founder of Liquid Capital (formerly LD Capital), stated that the cryptocurrency industry has long been characterized by short bull runs and extended bear markets. Having navigated multiple such cycles, the firm has naturally adapted to this pattern, and the current cycle is no different. Still, AI is highly disruptive—so it’s only natural for crypto industry insiders to flock to AI. "Opportunity and trend are the core factors of investment," Li noted.
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A Whale Liquidated $96.74 million Worth of BTC and ETH Short Positions, Profiting $1.87 million
May 29 — On-chain analyst Wu Ji reports a whale trader avoided liquidation by closing out a combined $96.74 million short position in Bitcoin (BTC) and Ethereum (ETH) on Tuesday. The short position was opened the day prior amid the recent crypto price rebound, and the trade netted a total profit of $1.87 million.
Trade breakdown:
- Bitcoin segment: Sold short 960 BTC across 75,991 positions, closed at $74,159, generating an approximate $1.8 million profit.
- Ethereum segment: Sold short 12,600 ETH across 2,033 positions, closed at $2,027, earning a $70,000 profit.
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Michael Saylor: CFTC New Rule Will Boost Bitcoin Capital Markets
On May 29, Michael Saylor, founder of Strategy, stated in a post that the Commodity Futures Trading Commission (CFTC)’s latest regulatory guidance will accelerate the development of Bitcoin’s capital markets. The guidance will support core elements including 24/7 trading, allowing Bitcoin (BTC) to function as collateral, perpetual contracts, options, and compliant market access for industry participants.
Saylor added that these regulatory measures will benefit Bitcoin holders, underpin Strategy’s (ticker: MSTR) Bitcoin-focused strategy, and position STRC to evolve into a Bitcoin-backed digital credit product.
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Iranian Media: Agreement with the United States in Iran Nearing Approval Stage, But Final Decision Not Yet Made
May 29: An agreement between Iran and the U.S. is in the final stages of approval in Iran, though no final decision has been reached yet, according to Iran’s Fars News, per FXStreet.
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A certain whale made a 25x long position on 12,900 ETH, equivalent to $26.1 million.
On May 29, on-chain analyst Excalibur reported that a crypto whale opened a 25x leveraged long position on Hyperliquid, using 12,900 ETH worth roughly $26.1 million. The trade’s average entry price came to $2,011.7, and its liquidation price sits at just $1,967.1—meaning it’s only a $45 gap from the entry level, an extremely tight safety buffer for such a leveraged trade.
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Hyperliquid Lobbying Organization Welcomes CFTC Approval of US First Ever Perpetual Contract, Says Regulation Acknowledges Perp Market Value
**Hyperliquid Policy Center Hails CFTC’s New Perpetual Contract Rules**
May 29 – The Hyperliquid Policy Center, a lobbying arm for Hyperliquid, welcomed the Commodity Futures Trading Commission’s (CFTC) latest regulatory moves on Thursday. The actions include the U.S.’s first-ever listed perpetual contract approval, a policy statement outlining perpetual derivatives listing rules, accompanying interpretive guidance, a no-action relief letter, and a staff advisory addressing 24/7 trading, clearing, and settlement.
The policy center stated these measures mark regulators’ first clear acknowledgment of perpetual contracts’ legitimacy and core role in price discovery and risk management. It emphasized that prior regulatory ambiguity drove market activity and liquidity offshore, weakening America’s competitiveness in the global derivatives sector.
The center also expressed its intention to deepen collaboration with the CFTC to build a regulatory framework applicable to both centraliz
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