Latest news with #JamesWynn
Time of India
13-07-2025
- Business
- Time of India
Cryptocurrency Live News & Updates : Bitcoin Hits New High Amid Market Buzz
13 Jul 2025 | 11:45:13 PM IST In the latest weekly recap, Bitcoin reached a new all-time high, while achieved a remarkable $600 million token sale. Tether continued its blockchain cleanup, and Coinbase made strides with AI technology. Bitcoin has made headlines by breaking its all-time high, reaching $119,308 before settling at $118,882, while other cryptocurrencies like XLM and HBAR saw impressive gains of 22% and 27%, respectively. Prominent trader James Wynn faced a devastating loss, with his wallet balance plummeting to just $10,176 after aggressive trading strategies led to a near-total liquidation of his assets. Meanwhile, Ethereum is focusing on scalability and privacy enhancements, with Ark Invest's Cathie Wood highlighting the importance of these developments for institutional adoption. Algorand is also showing signs of recovery, with a 58% surge from its June lows, driven by increased network activity and a bullish double-bottom pattern. Despite these positive movements, Algorand faces challenges, including the loss of key partnerships. Overall, the cryptocurrency market is experiencing significant fluctuations, with both opportunities and risks for investors. Show more
Yahoo
10-07-2025
- Business
- Yahoo
Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down
An ether (ETH) trader known only by their wallet address became the subject of on-chain attention after a massive short position flipped from deep unrealized profit to a loss in a matter of days. According to data from Lookonchain, wallet address 0xCB92 opened a 50,000 ETH short position on Hyperliquid, which at one point showed an unrealized profit of over $26 million. But rather than closing the transaction, the trader held on — even adding another 10,000 ETH to the short position even as the price rose. A short position is, in effect, a bet the price will fall. If it rises, the trader loses out. The decision turned out to be costly. As ETH surged, the position was stopped out, and Lookonchain reported the trader realized a loss of $716,000 as of Thursday. The position might have been a hedge against a long position as part of a broader strategy, though the tracked wallet held only a short position. The moves are reminiscent of infamous trader 'James Wynn,' whose on-chain antics drew eyes to Hyperliquid among mainstream circles. In May, Wynn built a record-setting $1.25 billion notional long position in bitcoin (BTC) at an average price of $108,243, only to see it collapse as the fell below $105,000 after U.S. President Donald Trump's tariff announcement on EU exports. Multiple liquidations, including a 527 BTC position worth over $55 million and a 421 BTC position worth nearly $44 million, wiped out more than $100 million of Wynn's holdings over a few days, leaving many wondering if they were witnessing a full-blown gambling addiction. Wynn has since not opened any trades similar to his May one. Wallet 0xCB92 may be the one stepping up to take the baton. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Hyperliquid Trader Qwatio Loses $3.7M This Week on Extreme Bitcoin, Ether Shorts
One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin (BTC) and ether (ETH) shorts, according to on-chain data. Qwatio, a heavily leveraged Hyperliquid trader in the style of James Wynn, has been opening short positions on BTC and ETH when the tokens are at sessional lows. This move is a flip from his strategy earlier this year when he traded BTC and ETH via aggressive longs. Qwatio first got on the radar of Crypto Twitter when they opened a 50x leveraged BTC and ETH bets worth $200 million in the hours before U.S. President Donald Trump signed an executive order to create a crypto reserve – which was a broad bullish catalyst for the market. They also were a major holder of the Melania memecoin during its initial launch earlier this year. Overall in the last 24 hours there has been $50 million of ETH and $31 million in BTC short and liquidated across the market, according to CoinGlass in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
HyperLiquid Trader Turns $10M Profit Into $2.5M Loss as Bitcoin Falls
A trader on decentralized derivatives exchange HyperLiquid has turned an unrealized $10 million profit into a $2.5 million loss, seemingly caught by the same trap that tripped up a person using the alias James Wynn, who blew up a $100 million account in May, after bitcoin BTC fell 4% from Monday's high. The trader, known as AguilaTrades on X, entered a bitcoin long position at $106,000, and sat through at Monday's high of $108,800 before the largest cryptocurrency took a tumble to trade recently around $104,000. Bitcoin volatility has been relatively low for months, with the price ranging between the $100,000 level of support and record highs around $110,000. That hasn't perturbed derivatives traders, who are continually betting on upside with leverage, subsequently getting chopped in a tight range. It's not the first time AguilaTrades has recorded a losing trade at these levels. Last week they were up $5.8 million on a BTC long before losing $12.5 million, according to Lookonchain. On paper the trade has credentials because BTC has managed to remain above $100,000 despite escalating conflict in the Middle East, which is typically a catalyst for downside in risk assets. However, remaining agnostic to price action in this range and simply buying support and selling resistance would have yielded far greater results. Bitcoin has been trading in this range since May 9 with numerous attempts at breaking support and resistance along the way. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
12-06-2025
- Business
- Business Insider
New Report by Foresight Ventures Decodes Hyperliquid's Playbook and Dives Into Next Wave of On-chain Infrastructure
Singapore, Singapore, June 12th, 2025, Chainwire Foresight Ventures releases its latest report, 'Decoding the Hyperliquid Playbook and the Next Wave of On-chain Infrastructure,' offering an exclusive, in-depth analysis of how Hyperliquid has redefined on-chain trading and catalyzed a new era for decentralized finance. Key Insights from the Foresight Ventures Report Hyperliquid's Record-Breaking Growth: Hyperliquid has rapidly emerged as a leading on-chain liquidity hub, with total open interest exceeding $10.1 billion and over $3.5 billion in USDC locked. High-profile traders, including James Wynn, have leveraged positions worth hundreds of millions, driving both market sentiment and liquidity. Innovative Technology and Product Design: Hyperliquid delivers a KYC-free, CEX-like trading experience—combining speed, intuitive UX, and deep liquidity without identity barriers. Ultra-low fees (maker 0.01%, taker 0.035%) and leverage up to 50x set new industry standards. Community-driven HLP vaults offer 14–24% APY, with all fees distributed to users. Breakthrough Marketing and Economic Model: The November 2024 airdrop—one of the largest in crypto history—distributed $1.2 billion in HYPE tokens, igniting user growth and engagement. Transparent whale activity and position data fuel a unique 'position → sentiment → price' feedback loop, amplifying both trading activity and platform loyalty. Deflationary Tokenomics and Closed-Loop Revenue: Hyperliquid's revenue is returned to users through buybacks and burns, creating sustained value for HYPE holders. This model, unmatched in scale, underpins the platform's long-term growth and decentralization. The Rise of HyperEVM: HyperEVM, Hyperliquid's EVM-compatible Layer 2, anchors a rapidly expanding ecosystem with $1.8 billion TVL. Notable projects include: HyperLend: The leading lending protocol ($370M TVL) with flexible pools and deep Hyperliquid integration. Hypurr Fun: A memecoin launchpad with Telegram bot support and revenue-sharing. HyperSwap: A low-slippage AMM enabling permissionless launches and dual-token incentives. Risks and Forward Outlook While Hyperliquid's rapid ascent and innovative approach have set new industry benchmarks, the Foresight Ventures report underscores two critical risks on the horizon. First, the platform's KYC-free model, while fostering privacy and accessibility, may invite heightened regulatory scrutiny as global compliance standards tighten. Second, Hyperliquid's closed-loop revenue and incentive structure, which thrives on high trading activity, faces a true test of resilience in prolonged bear markets where volumes and user engagement typically contract. Despite these challenges, Hyperliquid's robust technology, deep liquidity, and vibrant community position it as a frontrunner to not only weather potential headwinds but also shape the next evolution of decentralized finance. As the ecosystem continues to expand through HyperEVM and attract innovative projects, Hyperliquid stands poised to drive the next wave of onchain infrastructure, setting the pace for the industry's future. About Foresight Ventures Foresight Ventures is the first and only crypto VC bridging East and West and a Top 5 active crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. The company's 150+ premier media and startup companies portfolio includes Wallet Connect, Story, TON, Morph, 0G Labs, Sentient AI, The Block, Foresight News, BlockTempo, Coinness and many more. They aggressively invest in the most daring innovations. Foresight Ventures is dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond. PR team
