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Crypto

New wallet takes 10x leveraged long bet on 20 million Dogecoin

A newly created cryptocurrency wallet has entered a 10x leveraged long position on 20 million Dogecoin, drawing market attention. The position size was about $2.25 million, with a tight liquidation band. On-chain data showed entry at $0.11335 per DOGE, while the displayed price was $0.11273, implying an unrealised loss of about $12,410. As DOGE fell to $0.11027, losses grew to about $60,724, with liquidation set at $0.10284.

Crypto

Ethereum slumps as Bitmine\'s Tom Lee cites oil prices as headwind

Ethereum has fallen nearly 10 percent over the past week, giving up most of its May gains, as surging oil prices are seen weighing on the token. It fell as low as $2,097 on Binance on May 17, its lowest since April 7, and was around $2,116, down about 2.88 percent over 24 hours. Bitmine Chairman Tom Lee said rising oil prices were the biggest headwind.

Crypto

Ethereum wobbles at $2,200 as large short bet meets whale buying

A whale wallet has built a $50.55 million, 25-times leveraged short position in ether, heightening market tension as ether trades near levels that would pressure the bet. The wallet also holds a leveraged bitcoin long position. Other large holders have increased ether longs, while another wallet linked to World Liberty Financial sold ether for USD coin. Addresses tied to a possible fund deposited ether to Binance, adding to selling pressure. Attention is on whether ether holds $2,200.