Uncategorized
One Trader Made Millions Betting $200M on BTC Just Before Trump’s Crypto Reserve News

A trader on decentralized derivatives platform Hyperliquid used 50x leverage to open a $200 million long position on bitcoin (BTC) on Sunday, netting a gain of around $6.8 million after U.S. President Donald Trump spurred a market-wide rally by announcing the nation’s crypto reserve.
The trader used $4 million worth of collateral to place a trade that at one point was just a $50 swing away from being liquidated. The entry was at $85,908 with liquidation price of $84,752.
BTC instead rose by more than 11% from $85,000 to $97,255 after a reference to the reserve was made on social media platform Truth Social. However, the trader perhaps backed the wrong horse as ADA and XRP experienced gains of 47% and 18% respectively.
Trump caught many by surprise with his announcement due to the inclusion of XRP, SOL and ADA. Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely said that they thought the U.S. reserve would only include bitcoin, whilst those connected to Ripple and Cardano took victory laps on social media.
Some skeptical social media users have questioned whether the trader had insider knowledge of the reserve, although it’s unclear whether the position was a hedge or if the trader thought BTC had bottomed following correction from $109,000 to as low as $78,000 in the weeks since Trump’s inauguration.
The trader has now closed his long position, realizing around $6.8 million in profit.
Uncategorized
Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month.
June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut.
COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351.
The wider S&P 500 index rose roughly 5% in June as geopolitical tensions eased.
Washington’s progress on the GENIUS Act, Congress’s first rulebook for dollar-pegged stablecoins, helped shift investor focus from trading fees to stablecoin revenue.
The bill brightened the outlook for Circle, whose shares hit a record high and saw its market cap near that of Coinbase this week.
Coinbase keeps all yield on USDC balances held on its platform and nearly half of other USDC income, equal to about 99 percent of Circle’s revenue, giving shareholders indirect exposure at no added cost, CNBC reported Friday, citing analysts including Citizens’ head of financial technology research Devin Ryan.
Trading, however, remains subdued. Average daily volume on Coinbase has drifted lower since April.
Uncategorized
Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts.
Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital.
The contracts offer traders more flexibility to bet on a cryptocurrency’s future price direction or hedge current positions given their smaller size.
The launch rounds out a futures suite that began with BTC and ETH in January. It also comes weeks after the firm closed its $200 million purchase of Bitstamp and finalized a $179 million deal for Canada’s WonderFi.
Robinhood’s data shows that crypto notional volumes have exploded upward over time, reaching $11.7 billion in May. The figure marks a 36% rise month-over-month, and a 65% growth year-over-year.
Uncategorized
Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market.
One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size.
Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its own appeal, leaving last year’s ruling, ordering Ripple to pay a $125 million civil penalty to the SEC, intact. The move could lift a lid that had kept some investors on the sidelines.
On-chain data rounded out the bullish setup. The XRP Ledger logged over a 1.1 million active addresses over the past week according to crypto analyst Ali Martinez, who cited Glassnode data.
XRP’s rise saw it outperform the wider crypto market, with the broader CoinDesk 20 (CD20) index rising 1.7% in the last 24 hours.
-
Business9 месяцев ago
3 Ways to make your business presentation more relatable
-
Entertainment9 месяцев ago
10 Artists who retired from music and made a comeback
-
Fashion9 месяцев ago
According to Dior Couture, this taboo fashion accessory is back
-
Entertainment9 месяцев ago
\’Better Call Saul\’ has been renewed for a fourth season
-
Business9 месяцев ago
15 Habits that could be hurting your business relationships
-
Entertainment9 месяцев ago
Disney\’s live-action Aladdin finally finds its stars
-
Entertainment9 месяцев ago
New Season 8 Walking Dead trailer flashes forward in time
-
Tech9 месяцев ago
5 Crowdfunded products that actually delivered on the hype