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This guide examines AI trading bot legality and whether automated trading systems can realistically generate profits. Those who have been exploring automated trading, they have almost certainly asked both of these questions. They’re the right questions to ask — and…
Read full articleXRP holders are increasingly taking losses as market sentiment weakens following the token’s earlier surge, according to Glassnode. The analytics firm said current investor behavior reflects “intense capitulation,” with losses now outweighing profits across XRP holder activity. Glassnode Data Shows XRP Holders Are Realizing More Losses Than Gains XRP investor behavior has shifted sharply since […]
The post A Trader Made $42 Million in 10 Months, Then a HYPE Short Wiped It out in 18 Days appeared on BitcoinEthereumNews.com. Key Takeaways Onchain tracker Lookonchain says loracle.hl erased $42.2 million in gains via a HYPE short over just 18 days. The trader is now down a further $5.19 million as HYPE pushed to a record near $70 on May 31. The blowup has once again brought out the risk of fading a token whose own buyback fund keeps absorbing supply. A 10-Month Win Streak Undone in Under Three Weeks The collapse was flagged by Lookonchain, a blockchain analytics account that tracks large traders. According to its data, loracle.hl took roughly 10 months to accumulate $42.2 million in profit trading perpetual futures, the leveraged derivatives that let traders bet on price without holding the underlying asset. That patient track record evaporated in just 18 days once the trader opened a sizable short against HYPE, the native token of the Hyperliquid perpetuals exchange. As HYPE kept g
A trader known onchain as ‘loracle.hl’ spent nearly 10 months building $42.2 million in profits on perpetual futures, only to lose all of it (and then some) after betting against Hyperliquid’s HYPE token. The position has now been mostly closed at a steep loss. A 10-Month Win Streak Undone in Under Three Weeks The collapse […]
The post SEC Charges Texas Man With $12.3M Crypto Fraud Using Fake AI Trading Bots appeared on BitcoinEthereumNews.com. The Securities and Exchange Commission has charged a Texas man with running a crypto fraud scheme that raised $12.3 million from roughly 150 investors by falsely claiming to use AI-powered trading bots to generate guaranteed returns. Nathan Fuller, a resident of Cypress, Texas, operated the scheme through his company Privvy Investments, LLC, and under the assumed business name Gateway Digital Investments between at least October 2022 and mid-2024, according to the SEC’s complaint filed in the US District Court for the Southern District of Texas. Fuller allegedly promised investors returns of 40% to 50% within 30 to 45 days, with some told they could make guaranteed profits exceeding 100% in as little as 21 days. To back up the pitch, he claimed investor funds were secured by a surety bond, insured by the Federal Deposit Insurance Corporation (FDIC) and protected by a
The post SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) has sued Texas resident Nathan Fuller, alleging he raised about $12.3 million from roughly 150 investors through a crypto investment scheme built around false claims of AI-powered trading bots, guaranteed returns and insurance protections. According to a complaint filed in the U.S. District Court for the Southern District of Texas, Fuller operated through Privvy Investments LLC and the assumed business names Privvy Investments and Gateway Digital Investments. The SEC says he sold passive joint-venture interests in a purported crypto arbitrage trading operation from at least October 2022 through mid-2024. The agency claims that Fuller told investors that proprietary AI-based trading bots could scan crypto markets, execute high-frequency arbitrage trades and limit losses through stop-loss coding. The comp
The case highlights the critical need for investor vigilance and regulatory scrutiny in the rapidly evolving crypto and AI investment landscape. The post SEC charges Nathan Fuller with $12.3M crypto fraud using fake AI trading bots appeared first on Crypto Briefing.
The SEC charged Texas man Nathan Fuller with raising $12.3 million from 150 investors through a crypto fraud scheme built around fake AI trading bots.
HYPE's price rally slowed down today as some whales look to book profits following the parabolic move.
