James Wynn loses 27 million dollars on a failed bet against Bitcoin
After closing a purchase deal worth 1.2 billion dollars, James Wynn opened a short position on Bitcoin worth 1 billion dollars using 40x leverage, expecting the price to drop. However, Bitcoin stabilized at 107,000 dollars, resulting in a loss of 27 million dollars in just one day. #Liquidity101
The European Union confirmed that it is ready to act quickly to negotiate a new trade agreement with America, and at this time, Trump announced that he would delay the imposition of a 50% tariff on European imports until July 9 after a call with the President of the European Commission Ursula von der Leyen.
#CEXvsDEX101 For the second topic of our Crypto Trading Fundamentals Deep Dive, let's talk #CEXvsDEX101 . Choosing between Centralized and Decentralized
The price of Bitcoin (BTC) has declined by 6% in just two days, causing a widespread correction wave in the market.
This decline, despite its relative simplicity, triggered massive liquidations and strong pressures on Bitcoin exchange-traded funds (ETFs), as it prompted investors to withdraw their liquidity at a notable pace, amounting to nearly one billion dollars during the days of May 29 and 30 alone.
Circle Internet, the developer of the USDC stablecoin, announced the submission of an official request for its IPO shares on the New York Stock Exchange under the trading code “CRCL”.
The company will offer 24 million Class A shares, including 9.6 million shares issued directly by Circle, and 14.4 million shares from selling shareholders.
The share price is expected to be between $24 and $26, which may allow the company to raise about $250 million, while the proceeds of selling shareholders may reach $375 million.
The company revealed that ARK Investment, a subsidiary of Cathy Wood, expressed interest in buying shares worth $150 million in the offering.
The subscription is managed by prominent financial institutions including JPMorgan, Citigroup and Goldman Sachs.
The move comes after previous incomplete attempts by “Circle” to offer its shares, most notably a failed attempt through SPAC in 2021.
In April, the company submitted a form S-1 to the US Securities and Exchange Commission, amid reports of a possible postponement of the subscription or consideration of a $5 billion sell option.
According to report, Coinbase and Ripple were among the parties interested in the potential acquisition of Circle, at a time when the latter is preparing to strengthen its position in the fast-growing stable currency market.$USDC $USD1 $BTC #BinanceAlphaAlert #TrumpTariffs #SaylorBTCPurchase #USDTCryptoGiftBoxGiveAway
Bitcoin traders are opening sell positions aggressively, even though the price recently reached an all-time high.
المتداولون في بيتكوين يفتحون صفقات بيع بشكل كبير، رغم أن السعر وصل مؤخرًا إلى أعلى مستوى له على الإطلاق#SaylorBTCPurchase $BTC $MANA $MKR #MarketPullback
New analysis from CoinMarketCap predicts a bullish trend 🔼 Despite the recent decline, the analysis shows that the market structure remains bullish, and Bitcoin could launch towards $125,000 in the coming period! 💥 Local volume and technical indicators support the local level. 📊 Patience is the key to the big one!! What do you think?
تحليل جديد من CoinMarketCap يتوقع صعود 🔼
رغم الهبوط الأخير، التحليل يشوف إنو هيكل السوق بعده صاعد، وبيتكوين ممكن ينطلق نحو 125,000 دولار بالفترة الجاية! 💥 الطلب المؤسسي مستمر، والمؤشرات الفنية داعمة بقوة.
Half an hour ago, Trump recommended imposing a 50% tariff on the European Union starting June 1 (in a week). The markets immediately dropped.
The correction was expected. BTC may fluctuate between $100,000 and $110,000 for a while, which is the previous ATH area (I explained this in yesterday's video). Therefore, I placed a limit order instead of buying here.
- I do not expect a new crash like in February. The market understands that Trump's tweets are just a negotiating tactic. The European Union will respond with threats, and the price may drop further, but eventually, negotiations and reduced tariffs will come, as happened with China.
The Head of Products at $SUI announces that 160 million dollars out of 220 million stolen has been frozen, and the amount will soon be returned to the Cetus complexes.
$CETUS and $SUI Market Alert: CETUS & SUI Plunge After Reported Cetus Protocol Exploit Both $CETUS and SUI have seen sharp declines following reports of an exploit on Cetus Protocol, the primary DEX and liquidity provider on the Sui blockchain.