Hyperliquid Overtakes DOGE in Market Cap as HYPE Rally Adds 70% in May

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 BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today appeared on BitcoinEthereumNews.com. June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region. The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin BTC$73,038.00 and ether (ETH) both losing about 1%. At $72,700, bitcoin is currently negative for a sixth time in seven days, following a 3.5% slide last month, usually a period with positive returns. It averages a 7.4% rise in May, according to Coinglass data. A record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs) saw $2.97 billion leave the investment vehicles. The CoinDesk DeFi Select Index led the day’s decliners, dropping 2.6% since midnight, with all six members lower. Ondo Finance’s ONDO token fell 2.8%, and has now lost 17% since founder Nathan Allman died unexpectedly last week. Hyp

SoftBank's rise signals a shift in Japan's corporate landscape, emphasizing AI and tech over traditional manufacturing as future growth drivers. The post SoftBank surpasses Toyota to become Japan’s largest company by market cap appeared first on Crypto Briefing.

The post Hyperliquid Overtakes DOGE in Market Cap as HYPE Rally Adds 70% in May appeared on BitcoinEthereumNews.com. Key Takeaways HYPE hit an all-time high of $74.04, flipping DOGE to become the No. 10 digital asset by market cap. Grayscale is launching a Hyperliquid ETF, driving the platform’s shift to institutional infrastructure. Skeptics warn late retail buyers could become exit liquidity if the 14% weekly HYPE pump is a bubble. HYPE Flips DOGE as Market Cap Crosses $16B HYPE kicked off June with another milestone as the token breached the $70 mark on its way to tapping an all-time high. The latest surge, which came amid a crypto market retreat, saw HYPE’s market capitalization surpass $16 billion and dislodge DOGE to become the No. 10 digital asset by market cap. HYPE new all-time high: http://markets. bitcoin.com/ Coingecko data show that after nearly tapping the $70 threshold on May 31, a brief sell-off saw HYPE decline to $67.56 before recovering to trade just under $68. The c

The post Forget Dogecoin (DOGE), This Under-$0.005 Token Could be the Next 50x Meme Coin  appeared on BitcoinEthereumNews.com. Dogecoin made many people rich in 2021. It also left many people waiting for a repeat that has yet to arrive. Currently, a coin is doing something quite different in the meme coin space, trading at less than half a cent. The new meme coin named Little Pepe (LILPEPE) has become a serious competitor to Dogecoin. It’s currently in stage 13 of its presale. Selling at $0.0022, it has raised over $28 million and sold nearly 17 billion tokens. Analysis suggests it could be the next 50x meme coin.  Why Dogecoin (DOGE) No Longer Carries the Same Upside Dogecoin’s legacy is hard to dispute. It is the token that proved the entire meme coin category deserved to exist. Its all-time high of $0.73 in May 2021 came from almost nothing. This milestone delivered life-changing returns for early holders.  But DOGE is now a $17 billion market cap asset trading around $0.11 accordin

The post BNB Pulls Well Ahead of XRP Market Cap appeared on BitcoinEthereumNews.com. The current state of the top 10  HYPE flips DOGE  BNB has pulled well away from its historical rival XRP to firmly entrench itself as the fourth-largest cryptocurrency by market capitalization.  The current state of the top 10  Bitcoin maintains its absolute dominance at the apex of the market with a valuation of over $1.46 trillion. It is followed by Ethereum at $240.9 billion and the Tether (USDT) stablecoin at $187.9 billion. BNB has claimed a commanding lead with a total market capitalization of $93.99 billion, trading at $696.19 after a 6.1% weekly push. XRP has been left behind in the fifth-place spot. The Ripple-linked token boasts a market capitalization of $81.90 billion. This leaves a massive $12 billion gap between the two assets.  Ripple Releases 1 Billion XRP, How Many Are Left? Another Shiba Inu (SHIB) Recovery Attempt, Bitcoin (BTC) Reaches ‘Oversold’ State, First Near Protocol (NEAR) Su

The post Hyperliquid (HYPE) Could Flip Solana, Arthur Hayes Claims — The Numbers Behind the Prediction appeared on BitcoinEthereumNews.com. Key Highlights Former BitMEX CEO Arthur Hayes forecasts HYPE will surpass Solana’s market capitalization during this bull cycle, suggesting a target price exceeding $215 The token reached a fresh record high of $70.36 before retreating modestly into the $68–$69 price zone Major wallet purchased 45,887 HYPE tokens worth $3.12 million at $68.09 average, demonstrating institutional conviction The protocol has executed buybacks totaling more than $1.16 billion of HYPE tokens from secondary markets Grayscale revised its S-1 submission for a HYPE staking ETF, while Bitwise’s BHYP ETF has attracted approximately $60 million since its May debut Hyperliquid (HYPE) has established a new price peak at $70.36, propelled by sustained acquisition activity, institutional whale movements, and increasing visibility from prominent crypto investors. Hyperliquid (HYPE