Loracle liquidated his HYPE short position for 9 hours straight, with $59 million in spot unchanged
May 31 – Per monitoring from Hyperinsight via its Telegram channel, “Trader Loracle” – HYPE’s largest short seller – has been trimming its short position for nine consecutive hours, with each reduction ranging from $400,000 to $1.4 million. Starting from a massive initial short position, Loracle has now cut $7 million worth of shorts, leaving an outstanding short position of $108 million and an unrealized loss of $34.6 million. Roughly all of its $27 million margin is currently being used to hold this position.
Separately, the 893,000 HYPE tokens Loracle unlocked today were transferred to its HyperEVM address, valued at approximately $59 million. No additional actions have been taken regarding these unlocked tokens as of press time.
Looking back, over the past month, this whale has unlocked HYPE tokens twice for a total of 1.115 million tokens, worth around $63.51 million. Per on-chain records, Loracle sold 557,000 HYPE tokens on May 21 for roughly $33.35 million. The market now wide
30 minutes ago
Data: Simultaneous Spot and Futures Inflows Propel BNB Back Above $700
On May 31, market data shows BNB has surged past $700, currently trading at $703.5, with a 10.2% gain over the past 24 hours. Data from Coinglass adds that over the last 24 hours, the net inflow of funds into BNB contracts across all networks reached $61.93 million, a 770% spike in net inflows, while BNB spot market net inflows across all networks hit $15.23 million, marking a 796% rise in such inflows.
30 minutes ago
Polymarket Mega Prediction: lovelystuff Confident Arsenal Will Win the Champions League Final, $10 million Wager on Champions League Match Outcome
PolyBeats monitoring (via its Telegram bot: https://t.me/PolyBeats_Bot) reports a massive, record-breaking prediction on Polymarket from the whale wallet "lovelystuff": a $10 million bet that Arsenal will win the early morning Champions League final.
This is one of the largest single-match Champions League wagers ever placed on Polymarket, and this transparent on-chain transaction is already shifting real-time market odds. If Arsenal claims the title, "lovelystuff" will pocket roughly $8.5 million in profits.
The whale’s recent hot streak backs up this pick: On May 24, they put $2.13 million down on Arsenal to beat Crystal Palace, and took home $1.95 million when that bet hit. A Champions League victory would make this their third consecutive correct sports prediction on the platform.
30 minutes ago
Bullish Sentiment on HYPE Intensifies, Likelihood of Surpassing $100 This Year Rises to 36%, Grayscale Hails Hyperliquid as Future Financial Giant
May 31 – HYPE jumped to a brand-new all-time high of $68.5 today, fueling intense bullish sentiment across the crypto space. Market projections now put HYPE’s odds of hitting $100 this year at 36%, up from earlier estimates.
Leading the optimistic buzz is Grayscale, which in a latest research report labeled Hyperliquid a future financial giant and the blueprint for a global, 24/7 on-chain financial system—one that could upend Wall Street’s inflexible trading hour rules.
BitMEX co-founder Arthur Hayes doubled down on his bullish outlook for HYPE, claiming in a social post that the token could surge to $150. His post read: “HYPE to $150, against Traditional Finance (TradFi), against the 'Clarity Act,' long live Caesar.”
Intercontinental Exchange (ICE) CEO Jeffrey Sprecher further stoked excitement at the Bernstein Conference, calling Hyperliquid “a bigger opportunity than NASDAQ.”
Renowned DeFi researcher DeFi Monk also remains bullish on Hyperliquid’s long-term potential, noting tha
30 minutes ago
Community Speculates Binance to Launch US Stock Investment Channel as BNB Surpasses $700
On May 31st, HTX market data shows BNB surged above $700, marking a 10.2% gain in the past 24 hours. Earlier, CZ shared a tweet announcing, "Binance will unveil a new product on June 1st," and joked, "Here comes another announcement… hopefully it’s a good one." Right now, the crypto community is speculating the product might tie to a stock investment channel, though Binance hasn’t released an official statement about it yet.
30 minutes ago
The US government plans to rename the compensation to Iran as the "Investment Fund" to bypass the Trump administration's political red line.
May 30 — A high-profile provision in the draft U.S.-Iran War and Peace Agreement has drawn significant attention: a $300 billion fund earmarked for Iran’s reconstruction. To avoid a domestic political backlash, the U.S. deliberately avoided terms like “compensation” or “reparation” in the draft, instead referring to the fund as the “International Investment Fund.” The political logic behind this move is straightforward: For a decade, former President Donald Trump bashed the Obama administration’s $400 million payment to Iran as “treason” and “ransom.” Signing a multibillion-dollar deal labeled as war reparations would hand Trump’s political opponents and base a potent campaign weapon, sources familiar with the discussions note. Trump has privately told his aides he will not sign any agreement that appears to involve direct U.S. payments to Iran, and he took to social media to declare, “There will be no funds exchanged until further notice.”
The idea for the investment fund originated
30 minutes ago
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