Loracle liquidated his HYPE short position for 9 hours straight, with $59 million in spot unchanged
May 31 – Per monitoring from Hyperinsight via its Telegram channel, “Trader Loracle” – HYPE’s largest short seller – has been trimming its short position for nine consecutive hours, with each reduction ranging from $400,000 to $1.4 million. Starting from a massive initial short position, Loracle has now cut $7 million worth of shorts, leaving an outstanding short position of $108 million and an unrealized loss of $34.6 million. Roughly all of its $27 million margin is currently being used to hold this position.
Separately, the 893,000 HYPE tokens Loracle unlocked today were transferred to its HyperEVM address, valued at approximately $59 million. No additional actions have been taken regarding these unlocked tokens as of press time.
Looking back, over the past month, this whale has unlocked HYPE tokens twice for a total of 1.115 million tokens, worth around $63.51 million. Per on-chain records, Loracle sold 557,000 HYPE tokens on May 21 for roughly $33.35 million. The market now wide
21 minutes ago
Data: Simultaneous Spot and Futures Inflows Propel BNB Back Above $700
On May 31, market data shows BNB has surged past $700, currently trading at $703.5, with a 10.2% gain over the past 24 hours. Data from Coinglass adds that over the last 24 hours, the net inflow of funds into BNB contracts across all networks reached $61.93 million, a 770% spike in net inflows, while BNB spot market net inflows across all networks hit $15.23 million, marking a 796% rise in such inflows.
21 minutes ago
Polymarket Mega Prediction: lovelystuff Confident Arsenal Will Win the Champions League Final, $10 million Wager on Champions League Match Outcome
PolyBeats monitoring (via its Telegram bot: https://t.me/PolyBeats_Bot) reports a massive, record-breaking prediction on Polymarket from the whale wallet "lovelystuff": a $10 million bet that Arsenal will win the early morning Champions League final.
This is one of the largest single-match Champions League wagers ever placed on Polymarket, and this transparent on-chain transaction is already shifting real-time market odds. If Arsenal claims the title, "lovelystuff" will pocket roughly $8.5 million in profits.
The whale’s recent hot streak backs up this pick: On May 24, they put $2.13 million down on Arsenal to beat Crystal Palace, and took home $1.95 million when that bet hit. A Champions League victory would make this their third consecutive correct sports prediction on the platform.
21 minutes ago
Bullish Sentiment on HYPE Intensifies, Likelihood of Surpassing $100 This Year Rises to 36%, Grayscale Hails Hyperliquid as Future Financial Giant
May 31 – HYPE jumped to a brand-new all-time high of $68.5 today, fueling intense bullish sentiment across the crypto space. Market projections now put HYPE’s odds of hitting $100 this year at 36%, up from earlier estimates.
Leading the optimistic buzz is Grayscale, which in a latest research report labeled Hyperliquid a future financial giant and the blueprint for a global, 24/7 on-chain financial system—one that could upend Wall Street’s inflexible trading hour rules.
BitMEX co-founder Arthur Hayes doubled down on his bullish outlook for HYPE, claiming in a social post that the token could surge to $150. His post read: “HYPE to $150, against Traditional Finance (TradFi), against the 'Clarity Act,' long live Caesar.”
Intercontinental Exchange (ICE) CEO Jeffrey Sprecher further stoked excitement at the Bernstein Conference, calling Hyperliquid “a bigger opportunity than NASDAQ.”
Renowned DeFi researcher DeFi Monk also remains bullish on Hyperliquid’s long-term potential, noting tha
21 minutes ago
Community Speculates Binance to Launch US Stock Investment Channel as BNB Surpasses $700
On May 31st, HTX market data shows BNB surged above $700, marking a 10.2% gain in the past 24 hours. Earlier, CZ shared a tweet announcing, "Binance will unveil a new product on June 1st," and joked, "Here comes another announcement… hopefully it’s a good one." Right now, the crypto community is speculating the product might tie to a stock investment channel, though Binance hasn’t released an official statement about it yet.
21 minutes ago
DxSale Releases Security Incident Statement: Locking Contracts of v2 and above Versions Were Not Affected
May 31: DxSale has issued a statement regarding a recent security incident. The exploited vulnerability stemmed from an incompatibility between BNB Chain’s newly launched Atomic Transaction feature and the platform’s original 2021-era v1 lock contract. Only this v1 contract was affected; there is no impact on v2 or newer lock contract versions, which were audited by CertiK to secure locked assets. DxSale emphasized that all subsequent lock contract iterations—including v2 and v3—remain fully unharmed, with the flaw limited strictly to the early v1 architecture.
On May 29, approximately 1,400 liquidity providers (LPs) who used old 2021 BNB Chain pools had their funds drained for a total of $7.3 million, as an attacker exploited a backdoor contract to seize control. The malicious wallet address (0xC4574DDE...2EeaFA69) transferred 2,958 BNB—valued at roughly $1.87 million—to two primary addresses, then deposited those funds into multiple Binance wallets and swapped tokens via PancakeSwap
21 minutes ago
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