Chain News Today TheBitTimes.com

Andrew Tate briefly took on 25X leverage to trade ether (ETH), bragged about it, got liquidated, and quickly deleted his post in embarrassment. Entering a leveraged long position at $2,515.90 per ETH immediately prior to a slight dip in price, his margined trade quickly incinerated hundreds of thousands of dollars.  Initially, Tate bragged about his entry, posting his Hyperliquid referral code “TOPGTOPSTRIKER” by which he would earn fees. At the time of posting, one of his trades was up 138% in temporary, deceptively unrealized profit. Soon, viewers watched his wallet’s combined profit and loss (PnL) crash to $597,000 in losses . Along the way to his near-total loss, Tate deleted his earlier, self-congratulatory post. i too would shill my ref link if i was down 600k pic.twitter.com/Rv6lDmQlxb — 0xCoochie (@ColonelCoochi3) June 9, 2025 Read more: Andrew Tate struggles to pump memecoin amid Florida criminal inquiry Despite his verifiable activities o...

One of the wallets behind the $33 million “rugging” of ZKasino has lost over $27 million while leverage trading on Hyperliquid, despite investors still waiting to be paid back. According to X user @SigmaSquared, the wallet placed a 20x leverage trade on the price of ether (ETH) that would liquidate if it fell to $1,745. On Sunday, it duly did.  The wallet was involved in the likely rug pull of ZKasino back in April 2024. ZKasino is a decentralized gambling platform that convinced investors to invest their ETH into its “bridge-to-earn” program.  Update: Zkcasino rugger got liquidated on his ETH position and lost 27M$ on hyperliquid perps If you're a creditor i am sorry for you https://t.co/oluOSflgI0 pic.twitter.com/yzuvMlphzo — sigma^2 (@SigmaSquared_) April 7, 2025 Read more: ZKasino $30M ‘favor’ to users — seamless transition or rug pull? These investors were then unexpectedly told that these funds would be converted into its token ZKAS and...

A popular crypto analyst thinks one top-30 altcoin is gearing up for a parabolic rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,200 followers on the social media platform X that HYPE, the utility token of decentralized perpetual futures exchange Hyperliquid, may more than double in value this cycle. “The pump to $50 will be glorious for HYPE. Hyperliquid. One of my bags.” Source: Altcoin Sherpa/X Looking at his four-hour chart, the trader suggests that HYPE is looking bullish as it has been trading in a range with a lower bound of $18.53 and an upper bound of $26.57, and it is also trading above exponential moving averages. HYPE is trading for $23.20 at time of writing, up 4.9% in the last 24 hours. Next up, the trader says Solana (SOL) has more room to run as the Ethereum (ETH) competitor threatens to take out the $260 resistance level on the weekly chart. “SOL is still going to keep grinding up and still should be the...

A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid (HYPE), is likely to surge by at least 116% from the current level before the end of this cycle. “…I still think HYPE is a great project and will go to $50+ later this cycle. It just hits too many narratives and I have a bag of this (and I’m doing a little trading just to hope to get more points). Wouldn’t rush into a position here but more scale in. Not one to give you a 10x at these current levels for this cycle in my opinion but could still be a safe one to hold.” Hyperliquid is trading at $23.16 at time of writing. Next up is XRP. While observing that XRP is demonstrating strength as it sits just bel...

1. Polymarket Accurately Predicts the 2024 U.S. Election Outcome In the 2024 U.S. presidential election, the decentralized prediction market platform Polymarket once again demonstrated its remarkable foresight, successfully predicting the final outcome through the collective intelligence of market participants. Even before Election Day, market contracts on Polymarket supporting a Trump victory saw a significant increase in trading volume, with predicted probabilities reaching as high as 75%, far surpassing the results of traditional polling agencies. Polymarket’s co-founder stated that this success not only highlights the potential of prediction markets but also provides the public with a more transparent and dynamic reference for public opinion trends. With the gradual development of regulatory frameworks, prediction markets are expected to become an important tool for global decision-making support, offering forward-looking data insights across various fields. 2. Ethena Launches a Ne...

Hyperliquid, a leading crypto-derivatives platform, has rejected claims of a possible hack by North Korea’s notorious Lazarus Group even as on-chain data indicates suspicious activity on the platform. “There has been no DPRK exploit- or any exploit for that matter- of Hyperliquid,” the company said on Discord. “All user funds are accounted for. Hyperliquid Labs takes OpSec seriously. No Vulnerabilities have been shared by any party. To be clear, there was never any allegation of any exploit on Hyperliquid.” Hyperliquid said it was aware of reports regarding suspicious activity linked to alleged DPRK addresses, and on-chain data indicated that North Korea-linked wallet addresses made significant ETH deposits and withdrawals from the platform on December 23. There were withdrawals exceeding $256 million in the last 30 hours, Dune analytics shows, marking Hyperliquid’s largest single-day outflow. MetaMask Researcher Slams Hyperliquid MetaMask securi...