pvp.trade has purchased $8.68 million worth of HYPE tokens as part of a commission, currently enjoying a unrealized gain of over $15 million.
May 28 update: On-chain analytics firm Embermonitor reports that Hyperliquid’s Telegram trading bot and copy-trading platform pvp.trade has accumulated roughly $8.68 million in total transaction fee commissions, cementing its status as one of the top Builders in the Hyperliquid ecosystem.
Since Hyperliquid launched, pvp.trade has consistently reinvested its commission earnings into buying HYPE tokens. The platform currently holds 421,000 HYPE, with an average cost per token of just $20.6. At current market rates, that stake is valued at around $24.34 million.
However, pvp.trade redeemed 400,000 HYPE tokens from staking yesterday — a holding worth approximately $22.8 million at the time of withdrawal. It remains unclear whether the move was a deliberate profit-taking play amid HYPE’s recent price surge.
Hyperliquid’s Builder Fees mechanism rewards the creators of its products with a share of transaction fees generated by trading on those products.
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Futu Q1 Net Profit of HK$831 million, a YoY Decrease of 61.2%
Futu Holdings Ltd. (NASDAQ: FUTU) released its Q1 2026 financial results on May 28. Revenue reached HK$5.8599 billion, a 24.7% year-over-year increase, while net profit fell 61.2% YoY to HK$831 million. According to Bitget data, Futu’s U.S.-listed shares traded down 4.84% in pre-market hours, changing hands at $104.88 as of press time.
7 minutes ago
US-Iran Standoff and Fed Hawkishness Double Pressure, Gold Price Falls to Two-Month Low
May 28 (Investinglive) — Gold prices slid to a two-month low this week amid stalled U.S.-Iran talks and mounting hawkish risks from the Federal Reserve. While markets had priced in an imminent bilateral deal and a potential reopening of the Hormuz Strait, no official announcements have materialized—only a flurry of unconfirmed reports and market chatter.
Over the past few days, both sides have carried out limited military strikes, but the U.S. maintains that its ceasefire agreement remains in effect. On the Fed side, a growing number of policymakers are pushing to abandon the central bank’s dovish stance, with the June FOMC meeting emerging as the critical juncture for this policy shift.
Looking ahead, if no breakthrough in U.S.-Iran relations occurs before the June meeting, persistent high inflation and resilient U.S. economic data could deliver a hawkish surprise to markets. In the near term, a resolution that reopens the Hormuz Strait would likely push oil prices lower and lift ex
7 minutes ago
HYPE's Biggest Bear Whale Loracle Faces $508 Million USD Spot Unlock Today: Will There Be a Sell-off or Forced Short Covering?
May 28 — Per Hyperinsight monitoring (via: https://t.me/HyperInsight), Trader Loracle — HYPE’s largest short seller — will unlock 893,000 HYPE spot tokens from their staked position in the next 7 hours. The newly unlocked tokens are worth approximately $50.8 million, marking the whale’s largest single unlock to date. Loracle’s total staked HYPE amounts to around 2.009 million tokens, valued at roughly $120 million.
Over the past month, the whale has completed 2 unlocks totaling 1.115 million HYPE (valued at about $63.51 million). On-chain records show Loracle sold 557,000 HYPE (worth ~$33.35 million) on May 21 — the day HYPE hit its all-time high.
Markets widely expect Loracle to sell the new 893,000 HYPE tokens, which would put downward pressure on HYPE’s price. This sell-off may coincide with a reduction in the whale’s short positions. If Loracle sells the spot tokens without closing their $104 million HYPE short position (stop-loss), the short will convert to a naked short exposur
7 minutes ago
Polymarket: Prediction Market Reports Two Insider Trading Cases, Submits Criminal Referral
On May 28, Polymarket announced its market integrity infrastructure had once again flagged a trader for suspected insider trading; the individual was arrested this morning in New York.
Polymarket noted that both of the industry’s recent insider trading busts stem from criminal referrals the platform filed with law enforcement agencies. It added, “Blockchain transactions are transparent and traceable—wrongdoers always leave a clear trail.”
7 minutes ago
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