League of Legends BLG Upsets WE, Polymarket Users Suffer $157,500 Loss
Per on-chain analyst Ai Yi’s monitoring, tonight’s League of Legends match between BLG and WE brought a major upset: Polymarket user TrevorPlovdivBulgariaForHisBirthday lost $157,500 total after betting on BLG to win. Pre-match data showed BLG was a heavy favorite with a 95.5% probability of claiming victory, but BLG suffered a surprising 1-3 defeat in the end.
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Bitcoin Surges Past $74,000, 24-hour Gain of 1.3%
On May 30, HTX market data reports Bitcoin has topped $74,000, notching a 1.3% gain over the past 24 hours.
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Loeb Rebuts Bubble Theory: Investing in AI Is Far From Flushing Money Down the Toilet, We've Just Scratched the Surface of the Trend
May 30 – Dan Loeb, founder of Third Point and manager of a $24-billion hedge fund, is sounding bullish on artificial intelligence, arguing today’s AI boom is fundamentally different from the dot-com bubble era.
Loeb emphasizes that major tech companies have pledged a combined $700 billion in AI infrastructure spending this year, with plans to invest another $1 trillion next year. Unlike the dot-com days, he notes these firms boast strong profits and massive cash flows, so nearly all of this spending is funded by their own resources.
“To think this capital expenditure will deliver no returns is like saying they’re flushing money down the toilet — that’s not how the dot-com bubble played out. We shorted that bubble back then and turned a decent profit,” Loeb stated, adding he does not see a valuation bubble forming in AI right now.
He cites Anthropic as a key example supporting his optimistic outlook: the AI startup’s latest financing round values it at $965 billion, up from $380 bill
5 minutes ago
The Whale Evaded an On-Chain Long of $31.88 Million in Tech Stocks, Holding Positions in Microsoft and Oracle
May 30 — On-chain analyst Ai Auntie (@ai_9684xtpa) notes that the whale known as Evaded closed out short positions on Ethereum (ETH) and Bitcoin (BTC) yesterday, locking in a profit of $1.808 million. The trader then opened 10x-leveraged long positions on Microsoft (MSFT) and Oracle (ORCL), taking the top spot for largest positions in both assets on Hyperliquid. As of now, this trade has generated $0.897 million in unrealized gains, with their total long position in tech stocks totaling $31.88 million.
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HYPE Surpasses $68, Hits New All-Time High, Surging Over 50% in the Past Two Weeks
On May 30, HTX market data shows HYPE has surged past $68 to hit a new all-time high, currently trading at $68.5 — up more than 10.4% in the last 24 hours and over 50% over the past two weeks.
Its current market cap stands at $15.2 billion, putting it at No. 11 in global cryptocurrency market capitalizations, while its fully diluted valuation (FDV) has climbed to $65.4 billion.
Separately, two opposing whale traders — "Trader Loracle" and "0x082" — hold large unrealized gains and losses: "Trader Loracle" has a $114 million short position, posting an unrealized loss of $36.6 million, while "0x082" holds a $94 million long position, notching an unrealized gain of $40.69 million.
5 minutes ago
Loracle Trimmed HYPE Short Position for 5 Hours Straight, Market Watches $59 Million Spot Movement
As of May 30, per monitoring from Hyperinsight (https://t.me/HyperInsight), HYPE’s largest short seller “Trader Loracle” has unstaked 893,000 HYPE tokens today. These tokens were moved to their HyperEVM address, totaling around $59 million in value. No fresh activity has been observed on their spot trading position.
Notably, Loracle’s short positions have been trimming over the past five hours, with each reduction ranging from $400,000 to $1.4 million. Their current open short positions are as follows:
- HYPE short position: $1.138 billion, with an unrealized loss of $36.6 million. Out of their $27 million collateral, roughly $23 million is being used to maintain this position;
- BTC short position: $23.8 million, opened at a price of $75,280.1, generating an unrealized profit of approximately $600,000.
Over the past month, this whale unlocked a total of 1.115 million HYPE tokens in two separate events, worth an estimated $63.51 million. They sold 557,000 HYPE tokens on-chain
5 minutes ago
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