European Central Bank: Investors Underestimating Risks such as Iran Conflict, Financial Markets Could Experience Sudden and Steep Pullback

May 27th: Top trader Killa (@KillaXBT) noted in a post that from a 180-day realized price standpoint, investors likely haven’t spent enough time in loss positions during this latest correction. Historical data shows bear markets typically involve extended stretches of consistent losses, leaving many investors holding long-term unrealized losses. If history repeats itself, the current correction could take more time to play out, and the market may still need a lengthier bottoming process.

May 27, per Hyperinsight Monitoring: The largest BTC short position on Hyperliquid belongs to on-chain whale "pension-usdt.eth" – a trader previously focused on short-term positions who has been forced to hold this short for nearly two months. Over the past 30 minutes, the whale reduced its ETH short position for the first time around the $2,080 level, resulting in approximately $3.35 million in liquidations. As of press time, the whale is still actively placing buy orders. The address’s current holdings are as follows: - 3x leveraged BTC short: $75.86 million in size, with an unrealized loss of $7.87 million (a 32.4% decline) and an average entry price of $67,992; - 3x leveraged ETH short: $37.86 million in size, with an unrealized profit of $870,000 (a 3.6% gain) and an average entry price of $2,131. Background: Since April 1, this whale has heavily shorted BTC, amassing a large unrealized loss that peaked at $16 million before later adding ETH short positions. Thanks to recent pr

May 27: Singapore authorities have filed criminal charges against the former chief executive of defunct crypto lending firm Hodlnaut, alleging fraud and false statements. This marks the latest development in Singapore’s ongoing enforcement actions targeting misconduct in the cryptocurrency space. The specific charges claim the ex-CEO made misleading statements about Hodlnaut’s financial health before its 2022 collapse, potentially deceiving both investors and regulatory officials. Hodlnaut suspended all user withdrawals in August 2022, later entered judicial management, and was eventually liquidated—its downfall tied to the widespread 2022 crypto credit crisis that roiled the global digital asset industry. This case highlights the Monetary Authority of Singapore (MAS) and local police’s push to hold crypto company executives accountable, demonstrating intensified criminal enforcement against misconduct by digital asset firms. The former CEO has been formally charged, and the case is

May 27: Per official announcements, OKX will launch IRYS perpetual futures trading at 19:15 UTC+8 today. IRYS is a purpose-built Layer 1 data chain for AI, designed to push beyond traditional Layer 1 architecture boundaries. By integrating a low-cost storage layer with a high-performance, EVM-compatible execution layer (IrysVM), IRYS enables data programmability.

On May 27, blockchain security firm PeckShield detected an anomaly in a StakeDAO-related smart contract on Arbitrum, leading to the minting of 5.4 trillion vsdCRV. The security team has classified this incident as a suspected infinite mint exploit. The attacker swapped some of the vsdCRV for approximately 43.781 ETH (about $91,000) and transferred those funds to Ethereum via a cross-chain bridge.

May 27 — Binance’s co-Chief Executive Officer He Yi has been selected for Fortune’s annual “Most Powerful Women in Business” list, per official statements from the crypto exchange. Binance officials note that this marks the first time a crypto-native executive has appeared on the prestigious ranking, a significant milestone for He Yi, the global cryptocurrency industry, and the exchange itself.