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Trader James Wynn Reopens $140 Million Bitcoin Long Position

Trader James Wynn Reopens $140 Million Bitcoin Long Position

Cryptocurrency trader James Wynn has once again opened a margin position on perpetual bitcoin futures on the Hyperliquid platform, this time nearly reaching $100 million. This move comes just days after the liquidation of a similar trade following a drop in the digital asset’s value below $105,000. June 3, 2025 | 18:51Update: Wynn has increased […]

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CryptoQuant Identifies Bitcoin Correction Target

CryptoQuant Identifies Bitcoin Correction Target

The price of the leading cryptocurrency is set to return to $96,700, which corresponds to the average purchase price of short-term investors. CryptoQuant believes this level can be seen as a potential rebound point. Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity “Currently targeting the $96,700 level, which represents a key support zone on […]

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AI Breakthrough in Treating Incurable Lung Disease

A drug developed by artificial intelligence has shown signs of effectiveness in treating a severe lung disease, according to biotechnology company Insilico Medicine, reports Bloomberg. The startup claims this is the first instance of an AI-generated drug passing an intermediate stage of clinical trials. The drug, named rentosertib, improved lung function in a small group […]

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Hong Kong Developer Reitar Logtech to Acquire $1.5 Billion in Bitcoin

Hong Kong Developer Reitar Logtech to Acquire $1.5 Billion in Bitcoin

Hong Kong-based Reitar Logtech Holdings plans to purchase $1.5 billion worth of the leading cryptocurrency, according to a filing with the SEC. The firm operates in the real estate and logistics technology sectors. The primary aim is to “strengthen treasury reserves.” The acquisition is also intended to accelerate the company’s global expansion. Reitar Logtech plans […]

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Paradigm Proposes Stablecoin-Focused AMM for DEX

Paradigm Proposes Stablecoin-Focused AMM for DEX

The AMM developed by Paradigm, named Orbitals, enables large liquidity pools to adjust their risk exposure for a “significant improvement” in capital efficiency. According to experts, this outcome was achieved by taking concentrated liquidity to “other dimensions.” Unlike existing decentralized trading solutions such as Uniswap V3 with two assets, and Curve, which supports multi-token pools […]

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ConsenSys to Enhance MetaMask and Invest in Ethereum Treasury

ConsenSys to Enhance MetaMask and Invest in Ethereum Treasury

MetaMask developer ConsenSys has acquired Web3Auth, an infrastructure provider. The financial details of the deal remain undisclosed. Founded in 2019, the platform serves approximately 50 million end users and supports over 8,200 applications within the Web3 ecosystem. The primary aim is to enhance the wallet’s user experience. ConsenSys also seeks to address the management of […]

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BlackRock sells, Strategy buys: the latest bitcoin whale moves

BlackRock sells, Strategy buys: the latest bitcoin whale moves

BlackRock sold about $430m of bitcoin; Strategy bought $75m. Outflows from BTC ETFs continued for a third straight day; inflows to ETH ETFs rose for an 11th day in a row. Strategy announced a 2.5m Series A preferred share issue to aggressively build its bitcoin reserves. Asset manager BlackRock, issuer of the BTC ETF under […]

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Tether Launches TON Version of Gold-Backed Stablecoin XAUT

Tether Launches TON Version of Gold-Backed Stablecoin XAUT

Tether announced the launch of XAUt0, an omnichain version of its gold-backed stablecoin XAUT. The initial deployment of the asset will occur on The Open Network in collaboration with the TON Foundation. XAUt0 enhances Tether Gold’s capabilities by enabling the token to move across different blockchains. The technology is based on LayerZero’s OFT standard, ensuring […]

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Sora Video Generator Now Free via Bing

Sora Video Generator Now Free via Bing

Microsoft has integrated an AI generator based on OpenAI’s Sora model into the Bing mobile app. Android and iOS users can create videos using prompts. OpenAI had previously restricted video generation with Sora to users with a paid subscription. The integration of this tool into Microsoft Bing marks the first instance of offering the technology […]

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Ethereum Foundation Reduces Research and Development Team

Ethereum Foundation Reduces Research and Development Team

The non-profit Ethereum Foundation has reduced its research and development team, focusing on key challenges and core protocol issues.

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Robinhood Acquires Bitstamp for $200 Million

Online broker Robinhood has finalized an agreement to acquire Europe’s oldest crypto platform, Bitstamp, for $200 million in cash. Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning. https://t.co/VDjGS1KuBb — Vlad Tenev (@vladtenev) June 2, 2025 The parties agreed to the deal […]

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Sber Launches Bitcoin-Linked Bonds

Sber Launches Bitcoin-Linked Bonds

Sber announced the issuance of structured bonds whose returns are tied to the price movements of the leading cryptocurrency. Currently, the instrument is available to a limited group of qualified investors on the over-the-counter market. The bank plans to list these securities on the Moscow Exchange in the future. According to the statement, this will […]

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