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Senator Lummis Reiterates Call to Advance the "Clarity Act," Emphasizing Regulatory Absence Means No Recourse

44 minutes ago

May 21: U.S. Senator Cynthia Lummis of Wyoming shared a public post stating, “No rules means no harm, it means no recourse.” She also doubled down on her multi-year push for the Clarity Act, emphasizing that the legislation would establish a clear regulatory framework for the development of digital assets across the United States.
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The White House Delays Artificial Intelligence Executive Order Signing Ceremony

May 21 — Axios reports the White House has scrapped the planned ceremony where President Trump was set to sign a new executive order on artificial intelligence and cybersecurity. The event has been pushed to a later date, per the notice. The White House has not yet commented on the development.

2 minutes ago

Ansem: Hyperliquid is currently equivalent to SOL at $20 in 2023

On May 21, leading crypto KOL Ansem, who posts under the handle @blknoiz06, noted in a recent post that Hyperliquid’s current circulating market cap is roughly equivalent to Solana’s market value when SOL was priced at around $20 in October 2023. For context, Solana went on to surge from that $20 level to $200 in less than six months.

2 minutes ago

Mindset shattered? HYPE's biggest bear loracle.hl has reportedly deleted their X account

May 21 — Per details from the relevant page, the leading HYPE bear account, loracle.hl (@loraclexyz), has reportedly deleted its X account. Earlier intel also confirmed that this address held a HYPE short position carrying $25 million in unrealized losses.

2 minutes ago

The largest short position in the HYPE contract is held by the loracle.hl, who holds 2.1 million HYPE spot and has commenced selling.

May 21 — Per Ashes Monitor, the largest HYPE short contract tied to the entity behind oracle.hl is not a naked short. The short position serves as a hedge for the 2.1 million HYPE tokens (worth roughly $127 million) that the trader holds. However, after HYPE hit a new all-time high, the trader has also begun selling his spot HYPE holdings. Twenty minutes ago, he transferred 557,000 HYPE tokens (valued at about $33.5 million) from the HyperEVM chain to Hyperliquid and is currently selling those tokens. He still holds approximately 1.667 million HYPE tokens (worth around $105 million) on the HyperEVM chain.

2 minutes ago

The United States Allows Ship Breakers to Purchase Sanctioned Iranian Vessels

May 21 — Per market sources, the United States has issued a license allowing a major shipbreaking buyer to purchase four vessels that were previously sanctioned for carrying goods tied to Iran. This move could provide a legal way out for some vessels in the “shadow fleet” that Iran and Russia use to transport sanctioned cargo — a fleet that has expanded under Western sanctions. These Iran-associated vessels will be dismantled for recycling. U.S. officials noted this case-by-case licensing approach may be deployed more broadly to help clear high-risk ships from global waters.

2 minutes ago

A smart trader who made $160.9K on $PENGUIN spent $4.8K to buy 840K $VIRL 2 hours ago.

Virl.fun ($VIRL) is now ranked No. 1 in the 24-hour trend on Binance Wallet. A smart trader who made $160.9K on $PENGUIN spent $4.8K to buy 840K $VIRL 2 hours ago.

2 minutes ago