Bitget's Pre-IPO Token preSPAX Hits All-Time High of $899, Surging Over 35% from the Subscription Price

May 21st — Per tracking service Coinbob Popular Address Monitor, ahead of a recent surge that pushed HYPE’s price above $58, the top HYPE short seller known as “Trader Loracle” added roughly 61,000 short positions in the past hour. As of press time, sell orders for HYPE are still being placed above the $58 mark. Since last night, this wallet has accumulated more than 329,000 additional short contracts, valued at about $19.2 million total. Right now, this wallet holds 1.78 million HYPE tokens in a short position with 5x leverage. Even as HYPE’s price climbs, the position size has ballooned to $104 million; the average entry price has risen from $42.55 to $44.82, while the liquidation price sits at $69, leading to an unrealized loss of $24.2 million (or -116%). This short position was first opened on April 20, when HYPE traded around $41. Over the past week, the trader’s account has seen total withdrawals exceeding $25.8 million, cutting their remaining margin down to $9 million. Wall

May 21 – Iran is responding to a "document" sent by the United States, according to Iran's Student News Agency. (FXStreet)

May 21st: Per HyperInsight’s monitoring, Arthur Hayes currently holds 247,334 HYPE tokens valued at $14.5 million, with over $6.5 million in unrealized gains. Arthur Hayes has repeatedly voiced his bullish outlook on HYPE, setting a $150 price target. He considers Hyperliquid a leader in decentralized perpetual contract platforms, noting it delivers genuine price discovery even when traditional exchanges—such as those for oil, precious metals, and U.S. stocks—are closed. According to HTX market data, HYPE is now trading at $58.72, marking a 20.94% increase over the past 24 hours.

May 21: According to tracking from on-chain analytics provider Onchain Lens, as HYPE continues its upward rally, a whale wallet address (0x842) has boosted its HYPE short position fivefold to 353,832 tokens, valued at roughly $20 million. The address is now sitting on an unrealized loss of over $1.88 million. Separately, the wallet has sold an additional 61,044 HYPE, bringing its total HYPE sales to 125,444 tokens for a combined $6.5 million in proceeds, with an average selling price of $52 per token.

May 21 — Two sources with direct knowledge of U.S. intelligence assessments told CNN that Iran has restarted portions of its drone production amid a six-week ceasefire that began in early April. This signals Iran is rapidly rebuilding specific military capabilities damaged by U.S. airstrikes. Four additional sources said U.S. intelligence shows Iran’s military is recovering at a much faster rate than initially projected. Iran’s reconstruction efforts include restoring capacity to replace destroyed missile sites, launchers, and key weapon systems from the conflict. That development suggests that if Trump were to resume airstrikes, Iran would still pose a major threat to U.S. regional allies. It also raises questions about how much long-term damage U.S. strikes actually dealt to Iran’s military capabilities. A U.S. official added that while timelines for restarting production of various weapon components differ, some U.S. intelligence estimates indicate Iran could fully rebuild its dro

On May 21, BitMEX co-founder Arthur Hayes posted on social media, stating, “HYPE’s all-time high is coming ever closer, and its $150 price target is now closer than it’s ever been.” According to HTX market data, HYPE is currently trading at $57.31, marking a 17.8% gain over the last 24 hours.