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Beat the house? Hyperliquid whale 'left' with a $25m profit—then returned

Beat the house? Hyperliquid whale ‘left’ with a $25m profit—then returned

James Wynn, a trader famed for aggressive bets, said he was leaving the “Hyperliquid casino” with $25m in profits. At its peak, the tally reached $87m from initial stakes of roughly $3–4m. To all the fans and haters: We had a good run gambling on perps At peak the account was up $87,000,000 profits from […]

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Matrixport Advises Partial Profit-Taking on Bitcoin Longs

Matrixport Advises Partial Profit-Taking on Bitcoin Longs

Disclaimer This material is published for informational purposes only and is not an investment recommendation. ForkLog is not responsible for readers’ investment decisions. The rise in the price of the leading cryptocurrency to new highs has occurred without the usual euphoria. In such circumstances, Matrixport believes it would be prudent to partially lock in profits. […]

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Synthetix and Derive Call Off $27 Million Merger

Synthetix and Derive Call Off $27 Million Merger

The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]

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Crypto Fund Inflows Reach Second Highest Level of the Year

Crypto Fund Inflows Reach Second Highest Level of the Year

Between May 17 and 23, inflows into cryptocurrency investment funds amounted to $3.29 billion, compared to $785 million in the previous period, according to a report by CoinShares. This positive trend has continued for the sixth consecutive week. Data: CoinShares. Total inflows since the beginning of the year have increased to a record $10.82 billion. […]

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Core vs Knots: the 83-byte row that split the bitcoin community

Core vs Knots: the 83-byte row that split the bitcoin community

In spring 2025, one of the biggest rows in years erupted in the bitcoin community. A technical proposal to lift the OP_RETURN data cap snowballed into a broad dispute between developers and users. Bitcoin Core backed scrapping the 83-byte limit, while opponents rallied around the alternative client Bitcoin Knots. Together with the bitcoin mixer Mixer.Money […]

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China Hosts First Humanoid Robot Muay Thai Tournament

China Hosts First Humanoid Robot Muay Thai Tournament

On May 25, the Chinese city of Hangzhou hosted the first Muay Thai-style combat tournament among G1 humanoid robots from Unitree Robotics. During the Unitree Iron Fist King: Awakening event, four bots battled each other in a knockout system. They were remotely controlled but had pre-programmed behavior models such as punches, kicks, and evasions. The […]

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Market Capitalisation of Privacy Coins Surpasses $10 Billion as XMR and ZEC Continue to Rise

Market Capitalisation of Privacy Coins Surpasses $10 Billion as XMR and ZEC Continue to Rise

On May 25, the privacy coin sector grew by more than 3%, with total market capitalisation exceeding $10 billion, according to CoinGecko. Data: CoinGecko. Monero (XMR) rose by 21.8% over the week, reaching $416.71. Over the month, XMR’s price increased by 83.2%. Weekly chart of XMR/USDT on KuCoin. Data: TradingView. Zcash (ZEC) gained 33% over […]

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Hong Kong's DDC Enterprise to Acquire 5,000 BTC Over Three Years

Hong Kong’s DDC Enterprise to Acquire 5,000 BTC Over Three Years

DDC Enterprise, listed on the AMEX, has embarked on a plan to acquire 5,000 BTC over the next three years, including 500 BTC by the end of 2025. The initial purchase amounted to 21 BTC ($2.21 million). The payment was made with 254,333 common shares. In the “coming days,” the organization intends to increase its […]

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Analysts Uncover Cause of Cetus Hack

Analysts Uncover Cause of Cetus Hack

The breach of the decentralized exchange Cetus was attributed to a vulnerability in the liquidity parameter verification of the automated market maker. This was detailed in a report by Dedaub. The issue went undetected due to a lack of “code overflow” checks. Hackers exploited an error in the verification of the most significant bits to […]

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Week in review: bitcoin tests $112,000; Trustee Plus halts sign-ups from Ukraine

Week in review: bitcoin tests $112,000; Trustee Plus halts sign-ups from Ukraine

The leading cryptocurrency set a fresh high near $112,000; Russia advanced digital-asset legislation; the Trustee Plus wallet stopped registering residents of Ukraine; and other highlights of the week. Bitcoin sets new ATH near $112,000 Bitcoin began the week with a pullback to around $102,000, but on May 21 the asset attempted a push to $109,000. […]

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Pakistan Allocates 2 GW of Power for Bitcoin Mining and AI Centers

Pakistan Allocates 2 GW of Power for Bitcoin Mining and AI Centers

The government of Pakistan will allocate 2 GW of surplus electricity for Bitcoin mining and to power data centers for artificial intelligence, according to local media reports. This initiative is part of the country’s digital transformation strategy, proposed by the Cryptocurrency Council and supported by the Ministry of Finance. The ministry announced tax incentives for […]

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Tether Prioritizes Markets Outside the US

Tether Prioritizes Markets Outside the US

Tether will continue to focus on markets outside the United States, despite Congress’s consideration of bills to integrate stablecoins into the financial system. This was stated by the company’s CEO, Paolo Ardoino, on Bloomberg TV. On May 20, the Senate approved the so-called GENIUS Act. The House Financial Services Committee has approved its own bill […]

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