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25 May 2026, 08:00
NYT Report Alleges CFTC Helped Trump-Connected Crypto Firms

The report also mentioned alleged interventions by former acting CFTC Chair Caroline Pham and senior counsel Brigitte Weyls in approval processes, as well as later industry roles taken by both officials. The White House and the companies involved denied wrongdoing. CFTC Accused of Crypto Favoritism A new investigation that was published by The New York Times raised serious concerns about the relationship between the Commodity Futures Trading Commission (CFTC), the cryptocurrency industry, and businesses connected to the Trump family. According to the report, senior officials at the CFTC allegedly worked over the course of a year to help clear regulatory obstacles for several crypto and prediction market firms with ties to Donald Trump and his family, while sidelining or removing career staff members who questioned the process. The investigation focused on three major companies: Polymarket, Crypto.com, and Gemini through its affiliate Gemini Titan. Each company reportedly required approval or oversight from the CFTC to expand prediction market operations. The report mentioned that Polymarket received investment backing from 1789 Capital, which is partly owned by Donald Trump Jr.. Crypto.com also has a partnership with Trump Media & Technology Group to launch prediction market products on Truth Social. Meanwhile, Gemini’s founders, Cameron Winklevoss and Tyler Winklevoss, reportedly support American Bitcoin, a crypto mining venture linked to Eric Trump. According to current and former staff members, career officials inside the CFTC raised concerns about whether these companies met regulatory standards. Some employees reportedly believed Crypto.com was not adequately protecting retail users, while others questioned Polymarket’s fraud prevention systems and whether Gemini Titan completed the proper approval process. The investigation alleges that then-acting CFTC Chair Caroline Pham and senior counsel Brigitte Weyls intervened directly in favor of the companies. In one example that was pointed out by the report, Weyls allegedly sent staff a draft memo recommending approval for Gemini Titan before internal reviews were even finalized, reversing the normal regulatory process where career staff prepare recommendations for commissioners. Caroline Pham Several employees who raised concerns were reportedly placed on leave, removed from the office, or subjected to internal investigations without being clearly informed of the reasons. Former and current employees told the paper that the atmosphere inside the agency created pressure not to challenge crypto-related firms or prediction market businesses. The report also pointed to what critics described as a revolving door between regulators and the crypto industry. After leaving the CFTC, Pham joined MoonPay, which has its own partnership with Polymarket, while Weyls later became general counsel for Gemini Titan. The findings triggered strong reactions online and from lawmakers. Richard Blumenthal accused the CFTC of becoming overly aligned with crypto and prediction market interests. Amanda Fischer of Better Markets argued that the allegations should influence debate surrounding the CLARITY Act, which is the proposed legislation that would expand the CFTC’s authority over digital asset markets. The White House denied any wrongdoing, and officials insisted that President Trump acts in the public interest and that no conflicts of interest exist. The companies named in the report also defended their operations, with Polymarket and Crypto.com stating that they comply with regulations and maintain strong safeguards.
25 May 2026, 07:48
Inside weekly crypto ETF outflows: BlackRock's $1B BTC exit & fund rotation

More on Bitcoin USD, BlackRock, etc. A Final Path To Peace? Markets Weekly Outlook Bitcoin: The Next Leg Down Could Be Near (Rating Upgrade) VanEck Mid-May 2026 Bitcoin ChainCheck Oil slides, stocks rise as markets bet on Hormuz breakthrough SEC delays tokenized stock trading plan: blood-red session for BTC, ETH, SUI, and more
25 May 2026, 07:41
Hyperliquid Price Hits Record High Amid Market Crash; Here’s Why

The Hyperliquid price has defied the broader negative market trend, hitting a new all-time high. The current HYPE price rally is driven by growing whale activity and rising institutional demand. Hyperliquid saw a significant surge in market cap, flipping Dogecoin to secure the 9th spot. The Hyperliquid price has exhibited an explosive rally, hitting a new all-time high, despite the broader crypto market crash. As per the latest reports, the current rally comes amid strong whale activity and growing institutional interest. The timing of this HYPE crypto price rally is especially noteworthy. While several major cryptocurrencies have been trading in the red over the past few months, Hyperliquid emerged as one of the strongest performers. As mentioned by experts, this performance is due to growing optimism surrounding newly launched us spot ETFs and strong inflows into the ecosystem. Strong backing and investment from influential figures have also contributed to the present Hyperliquid price surge. Hyperliquid Price Rally: HYPE Hits New ATH Currently, the Hyperliquid price is showing a remarkable performance while the broader crypto market continues to struggle. Top cryptocurrencies, including Bitcoin, Ether, and XRP, remain caught in the negative zone, whereas HYPE hit a new all-time high of $64.26 earlier today. As of press time, the HYPE price HYPE 2.69% is marked at $62.52, up 37% in a week and 50% in a month. What is more noteworthy is its significant surge in market cap. Recently, Hyperliquid flipped the top memecoin, Dogecoin, in terms of market capitalization. With a market cap of $15.8 billion, HYPE secured the 9th spot on CoinMarketCap, pushing DOGE to the 10th position. This development comes after Hyperliquid flipped Solana in FDV race, as CryptoNewsZ reported. Arthur Hayes and Traders Drive Fresh HYPE Whale Activity It is worth noting that increasing whale activity has pushed the Hyperliquid price up. Wallets linked to Arthur Hayes and several other high-profile traders have sparked fresh attention around the token. On-chain data shows that some large investors are actively purchasing the Hyperliquid crypto. For instance, prominent Garrett Jin continues to accumulate the HYPE token aggressively. Lookonchain took to X to reveal that Jin purchased around 145,050 HYPE tokens, worth about $9.05 million. He also placed a TWAP order to gradually acquire an additional 39,940 HYPE, worth $2.44 million. According to Lookonchain data, a wallet linked to BitMEX co-founder Arthur Hayes has been actively trading HYPE over the past few days. The wallet deposited around 115,000 HYPE tokens to Bybit last day when the crypto traded around $54. Soon, the address withdrew over 85,000 HYPE at a significantly higher price of $62.69. This indicates that traders like Arthur Hayes expect further upside in the HYPE crypto. As whale activity continues to rise, the speculation of a sustained Hyperliquid price rally grows. But not all whales are buying; some are dumping their holdings. According to a recent update from Lookonchain, some investors are taking profits from the Hyperiquid price rally. After HYPE hit its new ATH, one investor sold about 151,574 HYPE, worth more than $9 million, taking large profits. The trader has also placed additional sell orders at higher price levels. This indicates that traders are now positioning for both continued upside and possible short-term pullbacks. The recent selling activity can potentially impact the current rally of the Hyperliquid price. Institutional Demand and Buybacks Support HYPE Crypto Rally In addition to the rising whale activity, another major factor contributing to the current Hyperliquid price surge is the growing institutional demand. In an X post, market watcher Kyle Chasse noted that the recent launch of two spot ETFs in the US has significantly pushed the HYPE crypto price up. Reportedly, asset managers 21Shares and Bitwise launched their HYPE ETFs, 21Shares Hyperliquid ETF (THYP) and Bitwise Hyperliquid ETF (BHYP). Notably, an impressive $25 million in inflows was recorded in a single trading session. With this remarkable influx, the Hyperliquid price saw a significant rally, hitting record highs. Bloomberg analyst James Seyffart noted, “Hyperliquid ETFs continue their ascent upwards with volume and inflows. Total inflows across the two since launch is ~$53 million through yesterday. Will get flow numbers from today some time tonight.” Besides the Hyperliquid ETF launch and institutional inflows, the HYPE token also benefited from its $1.16 billion daily token buyback program funded through protocol trading fees.
25 May 2026, 07:30
Vitalik Warns Ethereum’s Smart Wallets Have a ‘Relay’ Problem Ahead of Major Upgrade

Ethereum co-founder Vitalik Buterin has flagged a structural vulnerability in the network’s transaction infrastructure, warning that smart contract wallets and privacy protocols remain dependent on third-party intermediaries just to get their transactions included onchain. The Problem With Relays Smart contract wallets (i.e. crypto accounts controlled by programmable code instead of a standard private key) are
25 May 2026, 07:25
Anonymous Whale Opens $100M Short on Ethereum via Hyperliquid

BitcoinWorld Anonymous Whale Opens $100M Short on Ethereum via Hyperliquid An anonymous cryptocurrency whale has opened a substantial short position against Ethereum (ETH) worth approximately $100 million on the decentralized perpetual futures exchange Hyperliquid. The trade, identified by wallet address 0x50b3, was executed at an entry price of $2,094.92 with 23x leverage, positioning the trader to profit if ETH’s price declines. Position Details and Current Status The whale’s position carries a liquidation price of $2,149.84, meaning a relatively modest upward move of about 1.9% from the entry point would force an automatic closure, resulting in a total loss of the margin. As of the latest data from CoinMarketCap, Ethereum is trading at $2,109.42, down 0.6% over the past 24 hours. This places the whale approximately $14.50 above the entry price, resulting in an unrealized loss of roughly $750,000. High-leverage positions of this magnitude are rare even on decentralized platforms, and they often attract attention from other traders who may attempt to push the price toward the liquidation level to trigger a cascade. Such dynamics can create short-term volatility, especially on exchanges with thinner liquidity compared to centralized counterparts. Hyperliquid and Decentralized Derivatives Hyperliquid is a layer-1 blockchain designed specifically for on-chain perpetual futures trading. It has gained traction among sophisticated traders for its low latency and high throughput, though it remains a smaller venue compared to centralized giants like Binance or Bybit. The platform’s transparency allows anyone to monitor large positions in real time, a feature that can both deter and attract whales depending on market conditions. The whale’s decision to use Hyperliquid rather than a centralized exchange may reflect a preference for self-custody and on-chain settlement, though it also exposes the position to greater scrutiny from the broader trading community. Market Implications While a single $100 million short is significant, it represents a fraction of Ethereum’s total open interest, which exceeds $10 billion across major exchanges. The immediate impact on ETH’s price has been minimal, but the position could influence sentiment among traders who monitor whale activity as a signal of directional bias. If the whale is forced to cover, the resulting buy pressure could temporarily support prices. Conversely, if the position is maintained and ETH declines, it could embolden further bearish bets. Ethereum has faced headwinds in recent weeks due to broader macroeconomic uncertainty and competition from alternative layer-1 blockchains. However, the network’s fundamentals, including active developer activity and the transition to proof-of-stake, remain strong. Conclusion The anonymous whale’s $100 million short on Ethereum via Hyperliquid is a notable but isolated event in the derivatives market. The position is currently underwater, and its outcome will depend on ETH’s near-term price action. Traders should monitor liquidation levels and broader market conditions, as high-leverage positions can amplify volatility. This incident underscores the growing role of decentralized exchanges in facilitating large-scale leveraged trading with full transparency. FAQs Q1: What does it mean to open a short position on Ethereum? A short position allows a trader to profit if the price of Ethereum falls. The trader borrows ETH, sells it at the current price, and aims to buy it back later at a lower price to return the borrowed tokens. Q2: What is liquidation price in leveraged trading? The liquidation price is the price at which the exchange automatically closes the trader’s position to prevent further losses. If the market moves against the position beyond a certain threshold, the collateral is lost. Q3: Why is Hyperliquid significant for this trade? Hyperliquid is a decentralized exchange built on its own blockchain, offering high-speed perpetual futures trading. Its transparent ledger allows anyone to view large positions, which can influence market behavior. This post Anonymous Whale Opens $100M Short on Ethereum via Hyperliquid first appeared on BitcoinWorld .
25 May 2026, 07:21
Bitcoin rebounds above $77k on Iran deal hopes, Nasdaq crypto options plan

















































