A whale trader connected to former BitForex CEO Garrett Jin, known for a massive Bitcoin short during the October 10, 2025 crash, has shifted from a hypothetical $70 million profit to a $128 million net loss due to large leveraged Ethereum longs on Hyperliquid. Initially profiting nearly $200 million from BTC and ETH shorts, the trader's aggressive ETH longs, including a $200 million position with 50x leverage, led to severe liquidations and losses. Despite this, the trader remains active on Hyperliquid, recently buying $10 million of HYPE tokens and shorting $38 million of Zcash. This saga highlights the risks of overconfidence and the impact of large whale trades on crypto market liquidity and sentiment.
Garrett Jin has increased his holdings of Hyperliquid's native token HYPE to 184,200 tokens, even as his combined unrealized losses on a long Bitcoin position and a short Zcash position exceed $1.7 million. This move indicates strong conviction in HY...
Shiba Inu (SHIB) is struggling below key support levels, risking a deeper decline unless it recovers above $0.00000600. XRP faces bearish pressure near $1.30 support, with a possible breakdown if it fails to hold this level. Hyperliquid (HYPE) has su...
Babylon Labs has submitted a proposal to Aave DAO to integrate native Bitcoin (BTC) as collateral on Aave V4 using Trustless Bitcoin Vaults, eliminating the need for bridges or custodians. This integration aims to utilize Aave's $5 billion supply of ...
Bitcoin surged to an intraday high of $77,831 on May 25, driven by optimism over ongoing Middle East peace negotiations that could reduce geopolitical risks and boost investor confidence. The cryptocurrency's market cap rose to about $1.55 trillion, ...
MoonPay introduced a dedicated app in ChatGPT's App Store, enabling users to buy cryptocurrencies like Bitcoin, XRP, Ethereum, and Solana directly through the chatbot. Users request a purchase amount, receive a checkout link, and complete KYC and pay...
