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SpaceX crypto token crashes 45%, wiping out $1.5M in retail trader losses in 30 minutes

Market News
28 May 2026
Coindesk
View Source
Bearish
pluang ai news

A SpaceX-linked crypto perpetual contract on Hyperliquid experienced a sharp 45% flash crash within 30 minutes, dropping from $2,277 to $1,254 before partially recovering. This sudden plunge liquidated 405 users across 1,393 positions, erasing $1.51 million in value, mainly impacting retail traders using 3x leverage with small margins. The crash occurred due to thin market liquidity and the lack of a public price benchmark, as the token is a synthetic contract based on SpaceX's private valuation ahead of its anticipated IPO. This event highlights the high risks retail investors face when trading speculative, illiquid crypto products without official market prices.

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Worldline, Crédit Agricole, and Mastercard complete France's first agentic payment transaction.

Worldline, Crédit Agricole, and Mastercard complete France's first agentic payment transaction.

Worldline, Crédit Agricole, and Mastercard have completed the first agentic payment transaction in France, marking a significant step in developing agentic commerce within a secure payment ecosystem. This transaction involved a Crédit Agricole client...

Market News
Bullish
1 hour ago
Sanofi Foundation boosts support for children with serious illnesses and vulnerable youth globally.

Sanofi Foundation boosts support for children with serious illnesses and vulnerable youth globally.

The Sanofi Foundation has announced a renewed focus on supporting children and young people, especially those with serious illnesses. It plans to invest €15 million annually in programs that improve early diagnosis, care, and social inclusion, partne...

Others
Bullish
2 hours ago
Van Eck reduces voting stake in Endeavour Mining to 6.95% as of June 19, 2026

Van Eck reduces voting stake in Endeavour Mining to 6.95% as of June 19, 2026

Van Eck Associates Corporation notified a decrease in its voting rights in Endeavour Mining PLC to 6.947% as of June 19, 2026, down from a previous 7.995%. The reduction reflects changes in holdings across various Van Eck ETFs focused on gold miners ...

Market News
Neutral
2 hours ago
Sanofi Foundation commits €15M annually to support children with serious diseases and climate-related health risks.

Sanofi Foundation commits €15M annually to support children with serious diseases and climate-related health risks.

The Sanofi Foundation is enhancing its focus on supporting children and young people, especially those with serious illnesses, by allocating an annual budget of €15 million. The foundation partners with NGOs and healthcare groups to improve early dia...

Others
Bullish
2 hours ago
Japan invests $660M to boost all-solid-state battery tech and supply chain for 2030 commercialization.

Japan invests $660M to boost all-solid-state battery tech and supply chain for 2030 commercialization.

Japan's government has allocated $660 million in subsidies to accelerate the development and supply chain of all-solid-state batteries (ASSBs), aiming for commercialization by 2030. This support is part of the Battery Stable Supply Assurance Plan, fo...

Market News
Bullish
3 hours ago
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