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Crypto

Pavel Durov signals Telegram will add in-house \'Gram\' cryptocurrency wallet

Telegram will introduce an in-house non-custodial \'Gram\' cryptocurrency wallet in its messenger app this summer, designed for users to send and receive self-custodied crypto within the app. Founder Pavel Durov said users will be able to transfer cryptocurrencies instantly and without fees, though Telegram did not disclose a release date or further technical details. The announcement follows TON’s plan to rename its token from Toncoin to Gram.

Crypto

Whale builds short bets, but Fed liquidity expansion supports bitcoin

A whale in the Hyperliquid ecosystem has built $70 million in short positions in cryptocurrencies and tokens linked to major tech stocks, heightening caution among bitcoin investors. Bitcoin briefly fell back below $80,000 on May 13. The account has previously posted large profits but has recently shifted to short bets on Hyperliquid, bitcoin and other linked tokens. Data suggest it typically closes positions within a week.

Crypto

XRP, Cardano returns may be limited, analyst says better coins elsewhere

Investors focusing on large cryptocurrencies such as XRP and Cardano in the current bull market could miss higher-return opportunities, an argument has emerged. Market analyst Tulip King said a small number of selected assets may deliver better returns this cycle than well-known large caps. He named XRP, Cardano, Ethereum, Aave and Solana as assets to avoid. He has shown a favourable stance toward Zcash, Toncoin and Hyperliquid, but did not specify leaders for this cycle.