A synthetic crypto contract linked to SpaceX’s private market valuation collapsed nearly 45% in roughly 30 minutes on Thursday, wiping out more than $1.5 million and forcibly closing hundreds of leveraged positions on the decentralized derivatives platform Hyperliquid. The episode drew swift attention from traders and analysts, raising fresh questions about the risks of speculative pre-IPO markets built on thin liquidity.What HappenedHyperliquid’s SPACEX-USDH perpetual contract suffered a violent flash crash on Thursday afternoon, plunging from an open of $2,277 to a low of $1,254 — a near-45% collapse — within a single 30-minute window before partially recovering to around $2,169.The…
Author: cryphedge
DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain. Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation. Technical support sits at $15, while bulls could target $24 or higher next. DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges. The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside. DeXe price rises 11% amid volume spike…
Strategy transferred 411.48 BTC worth approximately $30.3 million to Coinbase Prime, triggering speculation about a potential Bitcoin sale. The BTC price is just 1.5% away from attempting a breakdown below the support trendline of a 4-month-long channel pattern. The ongoing correction in BTC could seek bullish support at $72,200, $65,200, and $60,000. The original cryptocurrency, Bitcoin, shows a slight drop of 0.5% ahead of Friday’s U.S. market hours to currently trade at $73,138. While escalating U.S.-Iran military conflicts triggered the initial market retreat, the intraday sell-off rapidly deepened as a wave of investor panic took hold. Market sentiment was shattered…
Bitcoin held near $73,000 but risks crashing lower as risks linger. Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak. On-chain metrics show whale balances flat for months, signaling reduced accumulation. Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling. While BTC struggled, US stock futures edged slightly higher following reports of a potential US-Iran agreement to reopen the Strait of Hormuz, easing some geopolitical risk and supporting broader risk assets outside the crypto market. Bitcoin’s ETF outflows extend negative streak Spot Bitcoin exchange-traded funds continued to see…
Chainlink (LINK) trades near $8.92 with a 7-day drop of ~9.7%. Mastercard deal boosts adoption, but the trend stays technically bearish. The $9.02 resistance and $8.85 support define the next move. Chainlink has remained in a persistent downtrend over recent weeks, falling roughly 9.7% over the past seven days and about 43.8% over the past year. The token is currently trading near $8.92, holding within a tight 24-hour range between $8.81 and $9.06. Although short-term price action shows a modest recovery of around 1% over the past 24 hours, the broader trend remains under pressure. Against this backdrop, a new…
Litecoin price has bounced as RSI nears oversold conditions. Nexus Wallet added gift card payments and privacy upgrades for LTC use. LitVM speculation and $53.30 resistance shape near-term price direction. Litecoin (LTC) traded around $51.54 on Friday morning, posting a roughly 2% gain over 24 hours, according to CoinGecko. The modest advance came while Bitcoin remained mostly flat, making Litecoin one of the better-performing large-cap cryptocurrencies in the short term. However, despite the daily rebound, the broader trend remains under pressure, with LTC still down nearly 47% over the past year. Recent Litecoin price action has been influenced by a…
Senate Banking cleared the CLARITY Act 15-9 on May 14, and within two weeks, President Donald Trump posted on Truth Social pledging to codify a “future-proof” digital asset market that haters could not undo, calling the US the “crypto capital of the world.”Crypto allies are using the timing to press the argument that a friendly regulatory posture lasts only as long as the regulator who holds it, and statute demands a congressional act to overturn.SEC Chair Paul Atkins amplified the same line on X, writing that the agency’s prior hostility to digital asset innovation is over and that the administration,…
After emerging as one of May’s strongest large-cap gainers, TRX price dropped nearly 10% in just three sessions, shaking market sentiment. The selloff followed fresh uncertainty tied to Justin Sun-linked headlines and arrived just as traders began aggressively positioning for a breakout above $0.38. Yet beneath the sudden selloff lies a bigger question: Is this simply a healthy reset before another leg higher, or the first warning sign that TRX price rally is losing steam?Why Did TRON Price Drop This Week?The key reason behind the recent TRX correction appears to be a combination of profit-taking and negative sentiment tied to…
Hedera coin price has jumped past $0.091 on a 10.5% daily rally with rising volume. Enterprise news and BrandBoost adoption are boosting Hedera demand. The $0.10428 resistance is key for confirming further upside momentum. The latest move in Hedera (HBAR) has drawn renewed attention to its short-term technical setup after the token climbed more than 10% in 24 hours, reaching an intraday high of $0.09506. The rally was accompanied by a sharp increase in trading activity, with volume rising to more than $345 million over the same period. The gains have pushed HBAR above recent consolidation levels, breaking out of…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: May 29, 2026 A DTCC collateral eligibility update circulated across Crypto Twitter this week…
