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Crypto

Hyperliquid whale makes 234.8 billion won in six months, bets against bitcoin

A large trader active on Hyperliquid is keeping a $38 million short position in bitcoin, drawing attention to the risk of a near-term pullback. The account, known as BobbyBigSize, made a cumulative $159 million in the past seven months but posted a $561,000 loss over the past 30 days. The trader’s positions are mostly bearish, though a $21 million leveraged ether long was opened last week.

Crypto

Ceasefire, ETFs and Tesla earnings set crypto market test this week

The cryptocurrency market, which rebounded last week, could return to a volatile phase this week as Middle East geopolitical risks and spot bitcoin ETF fund flows converge. Attention is focused on whether bitcoin can hold around $74,000, a level tied to the average purchase price of spot ETFs. Investors are also watching macroeconomic data, corporate earnings including Tesla, U.S. regulatory deadlines and multiple token unlock schedules.

Crypto

Circle unveils \'USDC Bridge\' for 1-to-1 transfers of native USDC between chains

Circle has unveiled an official cross-chain transfer service, \'USDC Bridge\', to move native USDC between blockchains. The service is based on Circle\'s Cross-Chain Transfer Protocol, or CCTP, and transfers tokens using a 1-to-1 burn-and-mint method rather than wrapped or synthetic versions. Circle said fees are shown in advance and transfer status can be tracked, while destination-chain gas exchange is handled automatically.