Crypto Longs Lose $552M as Bitcoin Nears $78,000, SOL and XRP Fall About 5%
Crypto long traders lost $552 million as bitcoin fell near $78,000 and total 24-hour liquidations reached $581 million. Bitcoin was down 3.2% over 24 hours after briefly trading above $82,000 over the past seven days. BTC and ETH led liquidations at $189 million and $151 million, while Solana fell 5% and XRP fell 4.3%.
U.S. and Israel Could Resume Strikes on Iran as Early as Next Week
A U.S. source said the Pentagon is preparing to resume operations against Iran, and U.S. and Israeli strikes could restart as early as next week. Multiple U.S. officials said options include heavier bombing or special operations to seize nuclear materials, while acknowledging significant risks. The report also said the United States has rearmed warships and warplanes in the region since the ceasefire in early April.
Russian President Vladimir Putin will make a state visit to China from May 19 to 20, according to China's Foreign Ministry. The ministry said Xi Jinping invited Putin for the visit.
rsETH recorded a net exchange outflow of 435 tokens on May 15, which Santiment said pointed to recovering investor confidence in Kelp DAO. Santiment attributed the shift to Kelp DAO's full resumption of rsETH withdrawals, bridging, and protocol operations.
The Kremlin confirmed Vladimir Putin’s visit to China on May 19-20, to take place days after President Xi Jinping’s summit with Donald Trump https://www.bloomberg.com/news/articles/2026-05-16/putin-to-visit-china-may-19-20-for-talks-with-xi-kremlin-says?taid=6a08177c717bd400015f321b&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Google agreed to pay $68 million to settle a class-action lawsuit over claims that Google Assistant recorded conversations without consent. The settlement covers eligible users in the US and its territories and allows claims through August 27th.
Loracle.hl's 5x leveraged HYPE short returned to profit as HYPE fell, lifting total unrealized profit to $41.43 million. Its 5x leveraged CRBS short showed more than $1.76 million in unrealized profit.
Binance Research said about 11% of illegal cryptocurrency transaction volume in 2025 was seized, or about 55 times the fiat recovery rate. Binance Research said the figure was based on public reports from Tether, Interpol, and the T3 Financial Crime Unit.
Armenia’s prime minister has been trying to wrest a diplomatic victory from the jaws of military defeat. Nationalist politicians are stoking discontent https://www.economist.com/europe/2026/05/14/armenias-election-will-test-its-leaders-pivot-to-the-west?taid=6a08114132982f000154be29&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
As $HYPE going down, Loracle.hl’s (@loraclexyz) $HYPE (5x) short position is now back in profit, and his $CRBS (5x) short position is having a floating profit of over $1.76M.
Efforts to deplatform Tommy Robinson have backfired. Backed by rich American donors, the far-right influencer’s distorted vision of Britain has gone global http://econ.st/3R2CK7U
Binance will list three USDT-margined perpetual contracts on May 18: FLNCUSDT, DRAMUSDT, and RKLBUSDT. The products will launch from 13:55 to 14:05 UTC with maximum leverage of 10x, 20x, and 10x, respectively.
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