Invest ideasNews
21 May 2026, 16:21
Bitcoin accumulation trends weaken as realized losses jump to $600M
Bitcoin whales and investors shift to distribution as realized losses surge past $600 million, as BTC price declines toward $76,000.
21 May 2026, 16:15
BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long
BitcoinWorld BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long Garrett Jin, the founder of the now-controversial cryptocurrency exchange BitForex, has moved 30 million USDC into the Hyperliquid (HYPE) platform, according to on-chain data shared by Lookonchain. The address associated with Jin currently holds a 5x leveraged long position on Bitcoin valued at approximately $39 million, which is currently showing an unrealized loss of around $82,000. Background on Garrett Jin and BitForex Garrett Jin is a well-known figure in the early Bitcoin community, often referred to as a Bitcoin OG. He founded BitForex, a cryptocurrency exchange that grew to prominence before facing serious regulatory scrutiny. In 2023, Hong Kong authorities accused BitForex of fraud, leading to a freeze on user funds and a significant loss of trust among its user base. The exchange has since been under investigation, with many users still unable to access their assets. Previous Insider Trading Allegations This is not the first time Jin’s trading activity has drawn attention. In October 2024, he faced allegations of insider trading after entering a large short position on Bitcoin just hours before a significant price drop. The timing of the trade raised questions about whether Jin had access to non-public information, though no formal charges were filed at the time. The current long position on Bitcoin, opened after the USDC deposit, adds another layer of scrutiny to his trading patterns. Implications for Hyperliquid and Market Observers The deposit and subsequent leveraged position on Hyperliquid highlight the platform’s growing role in high-stakes crypto trading. Hyperliquid, a decentralized perpetual exchange, has attracted significant volume from large traders. However, the involvement of a figure with Jin’s controversial history may raise questions about the platform’s user base and risk management. For market observers, the move signals that large capital is still flowing into leveraged Bitcoin positions despite ongoing volatility and regulatory uncertainty. Conclusion Garrett Jin’s $30 million USDC deposit into Hyperliquid and his subsequent leveraged Bitcoin long position represent a notable, if controversial, move in the crypto markets. While the unrealized loss is currently small relative to the position size, the broader context of Jin’s past legal and ethical issues makes this a development worth monitoring. The story underscores the ongoing interplay between high-profile individuals, decentralized trading platforms, and the regulatory shadows that continue to follow the industry. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange that was accused of fraud by Hong Kong authorities. He is also a long-time Bitcoin investor and has faced previous allegations of insider trading. Q2: What is Hyperliquid? Hyperliquid (HYPE) is a decentralized perpetual exchange that allows users to trade cryptocurrencies with leverage. It has gained popularity for its high-speed order matching and deep liquidity. Q3: Why is this deposit significant? The deposit is significant because it involves a large sum of USDC from a controversial figure in the crypto space. It also highlights the ongoing use of leveraged trading by major players, despite market risks and regulatory concerns. This post BitForex Founder Garrett Jin Deposits $30M USDC into Hyperliquid, Opens Leveraged Bitcoin Long first appeared on BitcoinWorld .
21 May 2026, 16:02
Jane Street Accused of $192M Telegram Insider Trading Scheme Ahead of Terra Collapse
Terraform Labs has accused one of Wall Street’s largest trading firms, Jane Street, of allegedly using a private Telegram group chat with insiders to dump its TerraUSD (UST) stablecoin holdings just hours before its collapse. Jane Street Used Terraform Group Chat For ‘Defi Info’ In an amended complaint filed earlier this week, Terraform Labs administrator Todd Snyder accused Jane Street, its co-founder Robert Granieri, and traders Bryce Pratt and Michael Huang of using a Telegram group and other backchannel sources of non-public information to “front-run trading that hastened the collapse” of the company. In February, Snyder sued Jane Street, Granieri, Pratt, and Huang in Manhattan federal court, accusing them of “misappropriating confidential information and manipulating market prices.” The court document claimed that Jane Street traders created a secret group chat to obtain insider information. The private group, called “Bryce’s Secret,” was seemingly named after Pratt, a former Terraform intern who had started working at Jane Street. According to the document, the channel was created on February 22, 2022, and included Pratt and two former colleagues, including Terraform’s Head of Business Development. Over the months ahead of the UST’s collapse, Pratt allegedly reached out to his Terraform contacts for “defi info,” Terraform’s assets, strategies, and need for liquidity, obtaining a massive advantage in the market. “Using that insider information, Jane Street sold off its UST at the opportune moment—on May 7, 2022—to maximize its own profits and avoid substantial losses,” the Terraform’s estate claimed. “Within hours of Jane Street selling its UST holdings, UST was depegged from $1, and the entire Terraform ecosystem, including the UST and Luna cryptocurrencies, was in a death spiral. Jane Street did not stop there: using the confidential information it learned, it then took short positions in UST and Luna to profit from the crash it helped catalyze,” it continued. As a result, Jane Street exited its roughly $193 million UST position near par and allegedly made an additional $134 million from UST and LUNA shorts. Insider Trading Fueled UST’s ‘Death Spiral’ The filing affirmed that Jane Street “pulled the rug out from Terraform and its investors when it liquidated its entire holding in a single trading day,” suggesting that if the Wall Street giant had not flooded the market and triggered the initial depeg, “the irreversible UST death spiral that led Terraform to suffer significant losses may not have occurred.” Therefore, the estate considers that Jane Street’s market manipulation before and during the May 2022 depeg event damaged the ecosystem, and requested that the Court find that the defendants violated the Commodities Exchange Act and “award the amount that Jane Street profited and the losses they avoided as a result of their manipulation of the market and trades supported by material non-public information.” It’s worth noting that Jane Street filed a motion to dismiss the lawsuit in April, alleging that the company’s estate attempted to “extract cash from Jane Street to foot the bill for a fraud that Terraform itself perpetrated on the market.” Jane Street argued that Terraform’s management was responsible for the multi-billion-dollar collapse and affirmed that its controversial transactions came after the damaging information about UST and LUNA had already been made public.
21 May 2026, 16:00
Dogecoin Adoption Is Back In The Cards, But Why Is DOGE Price Still Crashing?
Revolut just handed Dogecoin its most mainstream moment in years. The move gives Dogecoin something it has often struggled to hold for long periods, which is a real-world payment story that extends beyond social media hype. However, this is yet to translate into bullish price action for Dogecoin, which is still trading close to the $0.10 region. Revolut Brings Dogecoin Back Into The Payments Conversation Dogecoin has found its way back into the adoption conversation after Revolut launched a physical DOGE-themed crypto debit card across the UK and most of the European Economic Area. Related Reading: How To Time The Dogecoin Bottom And When The Price Will Reach $2 The card was described by the fintech company as its first physical crypto debit card, featuring a Dogecoin design and an LED display that lights up when users make contactless payments. The rollout is initially available in the UK and most EEA markets, although Hungary, Switzerland, and Portugal are excluded from the first phase. The card can be used anywhere Visa and Mastercard are accepted, which is where Dogecoin’s adoption for payments comes into play. Users link the card directly to their Dogecoin holdings within the app, and when a purchase is made, the platform automatically converts the required amount of DOGE into the local currency at real-time exchange rates, with no additional conversion fees applied at the point of sale. However, this creates a condition where merchants receive local currency instead of DOGE. Revolut serves over 70 million users globally and has been pushing into the crypto industry. Revolut is also deepening its regulatory standing, and the company recently received its full UK banking license in March 2026. Why DOGE Price Is Still Struggling The adoption of Dogecoin exists in parallel to suppressed price action. Revolut’s card is the most visible element of a change that the DOGE price chart has largely ignored. Related Reading: Dogecoin Has Now Entered Oversold Levels That Has Led To Previous Cycle Bottoms At the time of writing, Dogecoin is trading at $0.106, down approximately 8.5% from $0.115 recorded just last week. A more immediate factor for the most recent decline came on May 18, when geopolitical tension caused by a US presidential warning to Iran led to a move that sent Bitcoin below $77,000 and pulled the broader crypto market lower, with Dogecoin among the casualties. The problem for Dogecoin is that adoption headlines do not always create immediate buying pressure. The longer-term picture is more revealing. Dogecoin hit $0.48 in December 2024 and $0.29 in September 2025, and has since fallen back to the $0.109 to $0.115 range in the past two months, a drawdown of about 75% from its cycle peak, with no convincing recovery in sight. Spot Dogecoin ETFs have also not done much to help, with the early excitement around the products failing to translate into buying pressure for the meme coin. The ETFs were expected to give institutional and traditional market investors easier exposure to Dogecoin, but inflows have been modest compared to other crypto ETF products. At the time of writing, Spot Dogecoin ETFs have only attracted $11.78 million in total net inflow since launch. Featured image from iStock, chart from Tradingview.com
21 May 2026, 16:00
Influencer Draws Parallel Between Hyperliquid and Solana Market Caps as HYPE Hits New High
BitcoinWorld Influencer Draws Parallel Between Hyperliquid and Solana Market Caps as HYPE Hits New High The cryptocurrency market is witnessing renewed comparisons to historical price movements as Hyperliquid (HYPE) continues its upward trajectory. Crypto influencer Ansem, who commands a following of over 869,000 on X, drew attention to the token’s circulating market capitalization, noting its similarity to Solana (SOL) in October 2023, when SOL traded at approximately $20. Ansem’s observation comes as HYPE reached a new all-time high, sparking discussion among traders and analysts about potential parallels in market behavior. Market Context and Historical Comparison Ansem highlighted that HYPE’s current market cap mirrors that of Solana at a time when SOL was priced around $20. Solana subsequently experienced a dramatic rally, climbing to $200 within less than six months—a tenfold increase. The comparison has fueled speculation about whether Hyperliquid could follow a similar trajectory, though analysts caution that historical patterns do not guarantee future performance. According to data from CoinMarketCap, HYPE is currently trading at $61.47, reflecting a 19.59% increase in the last 24 hours. Implications for the Broader Market The rally in HYPE and the attention from prominent influencers like Ansem underscore the growing interest in newer altcoins with strong ecosystem narratives. Hyperliquid, a decentralized exchange (DEX) built on its own Layer 1 blockchain, has gained traction for its high-speed trading capabilities and innovative tokenomics. However, the comparison to Solana—a well-established Layer 1 blockchain—raises questions about market maturity and risk. While Solana’s rise was driven by a robust ecosystem of decentralized applications (dApps) and NFT projects, Hyperliquid’s value proposition remains more narrowly focused on derivatives trading. What This Means for Investors For investors, the comparison serves as a reminder of the volatility and potential upside in emerging crypto assets. However, it also highlights the importance of fundamental analysis over influencer-driven narratives. The market cap comparison, while intriguing, does not account for differences in token supply, liquidity, or ecosystem development. Readers should approach such comparisons with caution and conduct independent research before making investment decisions. Conclusion The comparison between Hyperliquid and Solana by a prominent crypto influencer has added fuel to the ongoing rally in HYPE, which continues to set new highs. While the market cap parallel is notable, the sustainability of HYPE’s price action will depend on broader market conditions, ecosystem growth, and adoption. As always, past performance is not indicative of future results, and investors should remain vigilant in a highly speculative market. FAQs Q1: What is the significance of the comparison between HYPE and SOL market caps? The comparison suggests that HYPE’s current valuation relative to its circulating supply is similar to Solana’s in October 2023, when SOL was priced at $20. Solana later surged to $200, raising questions about whether HYPE could experience a similar rally. Q2: Who is Ansem and why does his opinion matter? Ansem is a well-known crypto influencer with over 869,000 followers on X. His market observations often influence retail investor sentiment and can contribute to short-term price movements in the assets he discusses. Q3: Is it safe to invest in HYPE based on this comparison? No. Historical market cap comparisons are not reliable predictors of future performance. Investors should conduct their own due diligence, considering factors like project fundamentals, team, tokenomics, and market conditions before investing. This post Influencer Draws Parallel Between Hyperliquid and Solana Market Caps as HYPE Hits New High first appeared on BitcoinWorld .
21 May 2026, 16:00
Kraken launches AVAX staking and Auto Earn, a simple way to put your idle AVAX to work
We are bringing AVAX staking and earning to our global client base (see exceptions below), making it simple for millions of customers to earn rewards on their Avalanche holdings through a platform built on security, scale, and reliability. Clients can start earning in a few clicks, with no technical setup or maintenance required. The services are broken into three flavors. Bonded Staking offers rewards up to 10% APY for a limited time, then up to 7% APY. Auto Earn and Flexible Staking each offer up to 3.5% APY. Rewards are automatically restaked to help grow holdings over time. Kraken manages all underlying infrastructure, including validator operations and reward distribution, backed by the platform’s track record of operating staking services across proof-of-stake networks at scale. John Zettler, Kraken Director of Earn Products : “Staking AVAX has always been possible, but for most holders it’s meant managing validators and technical complexity. We made it simple for clients to participate in protocol staking across various Earn offerings. Kraken runs the infrastructure. Clients choose whether and how they want to earn.” John Nahas, Ava Labs Chief Business Officer: “Making staking simple and accessible is core to expanding participation in the Avalanche ecosystem. Kraken’s integration removes the technical barriers that have historically limited users from engaging directly with the network, enabling more AVAX holders to contribute to Avalanche’s security while earning rewards. It’s a meaningful step toward broader adoption of Avalanche.” AVAX Earn is available globally at launch, including the US (excluding New York and Maine residents), UK, EU, Canada, Australia, and additional markets. Stake AVAX on Kraken Geographic restrictions apply. Projected annual rate is an estimate based on the average staking rewards accrued over the past period, before commission, and is subject to change. Staking involves risks including no guarantee of rewards, potential loss from slashing or hacks, and depreciation in the value of assets while staked. Please refer to Kraken’s Terms of Service for additional information. For Flexible staking, Kraken will only stake a portion of your assets. You will receive rewards on up to 50% of the assets you choose to stake. Staking is unregulated and provided by Payward Commercial Limited . The post Kraken launches AVAX staking and Auto Earn, a simple way to put your idle AVAX to work appeared first on Kraken Blog .
