The largest short position in the HYPE contract is held by the loracle.hl, who holds 2.1 million HYPE spot and has commenced selling.

On May 21, AI startup Hark announced it has closed a $700 million Series A funding round, pushing its post-money valuation to $6 billion. The round is led by Parkway Venture Capital, with participation from investors including NVIDIA, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Qualcomm Ventures, Salesforce Ventures, and others. Hark will deploy the capital to expand its GPU infrastructure, accelerate research and development of large-scale AI models, grow its engineering team from approximately 70 to 200 members, and build next-generation AI hardware in-house. The startup’s goal is to develop a personal intelligent system equipped with voice interaction, visual understanding, persistent memory, and high levels of personalization.

May 21 — Axios reports the White House has scrapped the planned ceremony where President Trump was set to sign a new executive order on artificial intelligence and cybersecurity. The event has been pushed to a later date, per the notice. The White House has not yet commented on the development.

On May 21, leading crypto KOL Ansem, who posts under the handle @blknoiz06, noted in a recent post that Hyperliquid’s current circulating market cap is roughly equivalent to Solana’s market value when SOL was priced at around $20 in October 2023. For context, Solana went on to surge from that $20 level to $200 in less than six months.

May 21 — Per details from the relevant page, the leading HYPE bear account, loracle.hl (@loraclexyz), has reportedly deleted its X account. Earlier intel also confirmed that this address held a HYPE short position carrying $25 million in unrealized losses.

May 21 — Per market sources, the United States has issued a license allowing a major shipbreaking buyer to purchase four vessels that were previously sanctioned for carrying goods tied to Iran. This move could provide a legal way out for some vessels in the “shadow fleet” that Iran and Russia use to transport sanctioned cargo — a fleet that has expanded under Western sanctions. These Iran-associated vessels will be dismantled for recycling. U.S. officials noted this case-by-case licensing approach may be deployed more broadly to help clear high-risk ships from global waters.

Virl.fun ($VIRL) is now ranked No. 1 in the 24-hour trend on Binance Wallet. A smart trader who made $160.9K on $PENGUIN spent $4.8K to buy 840K $VIRL 2 hours ago.