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21 May 2026, 14:30

Anonymous Whale Moves $11.6 Million in HYPE From Bybit as Hyperliquid Hits Record High

BitcoinWorld Anonymous Whale Moves $11.6 Million in HYPE From Bybit as Hyperliquid Hits Record High A newly created anonymous wallet address has withdrawn 198,535 HYPE tokens, valued at approximately $11.62 million, from the Bybit exchange. The transaction occurred as Hyperliquid (HYPE) reached a new all-time high, with the token currently trading at $59.32 — a 16.02% increase on the day, according to CoinMarketCap. Large Withdrawal Signals Potential Long-Term Holding Blockchain data shows the recipient address, beginning with 0x41Ad, was created shortly before the withdrawal. Large token movements from centralized exchanges to newly generated wallets are often interpreted by market observers as a signal of accumulation and an intention to hold the asset for an extended period, rather than for immediate trading. The timing of the withdrawal coincides with a strong bullish phase for HYPE. Hyperliquid, a decentralized perpetual exchange built on its own Layer 1 blockchain, has seen its native token rally sharply in recent weeks amid growing trading volume and ecosystem activity. Market Context and Implications While a single large withdrawal does not necessarily indicate a market-wide trend, such moves are closely watched by traders and analysts. Outflows of this magnitude from exchanges can reduce the available supply on trading platforms, potentially contributing to upward price pressure if demand remains steady. It is worth noting that the address in question is anonymous and has no prior transaction history. Without additional on-chain activity, the ultimate intent of the wallet owner remains speculative. The cryptocurrency market often sees large holders — commonly referred to as whales — move funds for reasons that include personal custody, staking, or participation in decentralized finance protocols. Why This Matters for HYPE Holders For retail investors and traders, large exchange withdrawals can serve as a sentiment indicator. When significant amounts of a token are moved off exchanges, it may suggest that sophisticated investors are positioning for a longer-term hold rather than preparing to sell. However, the anonymity of the new wallet means that this move should be interpreted with caution, as on-chain data alone cannot confirm the identity or strategy of the holder. Conclusion The $11.6 million HYPE withdrawal from Bybit adds to the narrative of growing confidence in Hyperliquid’s native token amid its recent price rally. While the move aligns with bullish sentiment, the lack of transparency around the new address means the market will be watching for further on-chain activity to determine whether this is a one-time event or the beginning of a larger accumulation trend. FAQs Q1: What does a large withdrawal from an exchange typically indicate? A: Large withdrawals from exchanges are often interpreted as a signal that the holder intends to store the tokens in self-custody for the long term, rather than trade them. This can reduce available supply on exchanges and is sometimes seen as a bullish signal. Q2: Is the anonymous address behind this withdrawal identifiable? A: No. The address starting with 0x41Ad is newly created and has no prior transaction history. Without additional on-chain or off-chain data, the identity and intent of the wallet owner remain unknown. Q3: How has HYPE performed recently? A: As of the latest data, HYPE is trading at $59.32, up 16.02% on the day, and has reached a new all-time high. The token has seen strong momentum driven by increased activity on the Hyperliquid platform. This post Anonymous Whale Moves $11.6 Million in HYPE From Bybit as Hyperliquid Hits Record High first appeared on BitcoinWorld .

21 May 2026, 14:30

SUI Is One Of ‘The Most Under-Discussed Setups’ In Crypto, Says Analyst

SUI may be one of the market’s more overlooked large-cap crypto setups, according to analyst Michaël van de Poppe, who argued that the network’s institutional, stablecoin and technical developments have been overshadowed by a steep drawdown in the token price. In a post on X, van de Poppe said market attention had focused heavily on SUI’s decline from $5.35 to roughly $0.90, while a broader infrastructure buildout continued in the background. His argument was not simply that SUI had become cheaper, but that the market may be underpricing the extent to which institutional rails, liquidity channels and protocol-level upgrades have continued to develop during the downturn. “SUI is one of the most under-discussed setups in crypto right now,” van de Poppe wrote. “While everyone was watching the price drop from $5.35 to ~$0.90, this is what was actually being built.” He pointed to a series of developments including the listing of a fifth spot crypto ETP in February 2026, CME futures going live, and three US staking ETFs from Grayscale, Canary Capital and 21Shares. Van de Poppe also cited Nasdaq-listed SUIG staking its full 108.7 million SUI treasury, the launch of USDsui through Stripe’s Bridge subsidiary, cumulative stablecoin transfers crossing $1 trillion in March, Hashi going live with native BTC collateral and more than 20 institutions committing on day one, and the Mysticeti consensus upgrade raising checkpoints per second from one to four. Related Reading: Sui Set To Integrate Native Private Transactions Into Core Protocol — What This Means For van de Poppe, those developments challenge the view that Sui risks fading into irrelevance after a major price correction. “This is not a narrative chain. This is rails being laid. That’s why arguing that the chain becomes a ghost chain doesn’t make sense at all,” he wrote. “Every chain has had the same impact since October 10th, which destroyed all the markets.” Analyst Points To Users, Transactions And Stablecoin Base Beyond the headline institutional developments, van de Poppe said he was more focused on three US staking ETFs than the token’s recent price action alone. He cited 232 million total users, 1.5 billion cumulative transactions, a roughly $500 million stablecoin baseline that held through the drawdown in total value locked, and network revenue that he said has been running consistently since launch. The TVL decline was a central part of his argument. According to van de Poppe, Sui’s TVL fell from $2 billion to $500 million, but the underlying asset also dropped by about 70% over the same period. He framed that as an important distinction for investors analyzing whether the ecosystem experienced heavy capital flight or whether much of the drawdown was mechanically tied to the token’s lower market price. “The overall TVL has dropped substantially, with a slight caveat,” he wrote. “The TVL dropped from $2 billion to $500M. In the same period, the underlying asset dropped by 70%.” Related Reading: SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally His conclusion was that the decline should not be read too simplistically as an exodus from the ecosystem. “That means there wasn’t any money flowing out of the ecosystem; in fact, the underlying value just dropped,” van de Poppe said. “Additionally, the ecosystem’s reduced activity is simply due to the markets being destroyed as a whole, as confidence needs to be rebuilt.” SUI/BTC Chart Shows Bullish Divergence Van de Poppe also attached a SUI/BTC daily chart, arguing that the pair is showing signs of accumulation after a long decline. The chart marks a bullish divergence into the recent lows, followed by a sharp move higher and a subsequent pullback into what he described as a mean-reversion area. On the chart, the SUI/BTC pair is shown near 0.000136 BTC, with a highlighted accumulation zone below the current area and a potential resistance zone much higher, around the 0.000207 BTC region. The annotated setup suggests that van de Poppe is watching whether the recent pullback holds as a base after the breakout attempt. “The chart looks great for accumulation purposes. They announced many updates to the protocol last week as they keep shipping,” he wrote. “Technically, the bullish divergence on the Bitcoin pairs looks strong and valid, suggesting more upside for SUI.” He added that the move has already seen an initial breakout, followed by a pullback that he characterized as part of the setup rather than a negation of it. “Yes, they have already had a breakout, and this has come back down because it’s a mean-reversion play,” van de Poppe said. “However, this is the area where you’d want to look for accumulations on those protocols, and I personally think it is an attractive one to look at.” At press time, SUI traded at $1.0896. Featured image created with DALL.E, chart from TradingView.com

21 May 2026, 14:23

Bybit Launches SPCXUSDT Pre-IPO Perpetual Contract with up to 10x Leverage Ahead of SpaceX’s Blockbuster IPO

Dubai, United Arab Emirates, May 21st, 2026, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the listing of the SPCXUSDT Perpetual Contract , offering leveraged exposure to SpaceX (SPCX) before its highly anticipated initial public offering on June 12, 2026. The contract is now live on the platform with up to 10x leverage, providing early access to one of the most transformative technology companies in modern times. This launch coincides with SpaceX's historic IPO on the horizon. According to official filings, SpaceX is targeting a valuation of over $1.75 trillion to $2 trillion, and plans to raise approximately $75 billion in what would become the largest initial public offering in capital market history, surpassing Saudi Aramco's previous record of $29.4 billion set in 2019. SpaceX has fundamentally transformed the aerospace industry, reducing launch costs by orders of magnitude through its reusable rocket technology. Starlink, SpaceX's satellite internet service, has grown to over 8 million active subscribers worldwide and generated approximately $7.7 billion in 2024 revenue. The company recently acquired xAI, Elon Musk's AI venture, creating a vertically integrated enterprise spanning space exploration and satellite technology with AI. The valuation reflects SpaceX's position as a defining force in both aerospace and AI-driven connectivity. The underlying asset of Bybit’s SPCXUSDT perpetual contract is SPCX settled in USDT. Offering 24/7 access, the contract allows up to 10x leverage. The total estimated share count is 11.87 billion shares. The SPCXUSDT listing reinforces Bybit's commitment to supporting traders with early access to transformative investment opportunities. By bringing pre-IPO exposure to SpaceX, Bybit enables its global community to participate in high-growth markets and remain at the cutting edge of technological innovation. Bybit's perpetual contract offers traders multiple advantages over traditional equity markets: 24/7 Trading: Around-the-clock access, unrestricted by traditional market hours High Leverage: Up to 10x leverage, enabling capital-efficient trading strategies Zero Expiration: Perpetual contracts provide unlimited holding periods without rollover Advanced Tools: Professional-grade charting, analytics, and risk management features Institutional-Grade Security: Professional custody and insurance protections Terms and conditions apply. Trading carries risk. Bybit's products and services may not be available in all jurisdictions. For more information on contract details, eligibility and potential restrictions, users may visit: New listing: SPCXUSDT Pre-IPO Perpetual Contract, with up to 10x leverage #Bybit / #CryptoArk / #NewFinancialPlatform About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube ContactHead of PRTony [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

21 May 2026, 14:18

Why Is Sui Price Soaring Over 7% Today? (May 21)

Sui price is trading between $1.04 and $1.11 on Wednesday, gaining as much as 7% over 24 hours as the network launched gasless stablecoin transfers on mainnet. The new feature allows users and businesses to send supported stablecoins peer-to-peer without paying gas fees or holding a separate SUI balance. Sui said stablecoin transfer fees are now $0.00 on the network for supported assets. The launch is backed by Fireblocks and forms part of Sui’s broader effort to support payment infrastructure for stablecoins, tokenized assets and high-frequency digital transactions. The feature is being rolled out with support from institutional custodians and retail-facing wallets. Gasless Stablecoin Transfers Go Live Sui said the upgrade removes one of the main barriers in blockchain payments: the need to hold a separate gas token to move stablecoins. Under the new model, supported stablecoins can be used as standalone payment assets for wallet-to-wallet transfers. The feature launches with support for USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC and USDY. These assets can now be transferred without users needing to spend SUI on transaction fees. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, said stablecoin payments still carry unnecessary complexity for many users and businesses. He said gasless transfers are intended to make digital dollar payments simpler and more predictable. Fireblocks also supported the launch. Ran Goldi, senior vice president of payments and network at Fireblocks, said stablecoin rails are becoming more important for institutions, but the user experience still needs to improve. Sui Network Activity Supports Market Focus The upgrade is powered by Address Balances, a new account-style balance system launched on Sui mainnet. The system is designed to simplify how value is stored and transferred while keeping the network suitable for high-volume payment activity. Sui said its stablecoin transfer volume has surpassed $1 trillion since August 2025. The network has also expanded across stablecoins, tokenized assets and institutional finance projects. Market analysts like Michael Van De Poppe have also pointed to other Sui developments from recent months. These include a spot crypto ETP listing in February 2026, CME futures, three U.S. staking ETF filings or products from Grayscale, Canary Capital and 21Shares, and the launch of USDsui through Stripe’s Bridge subsidiary. Other developments include Hashi, which supports native Bitcoin collateral without wrapping, and the Mysticeti consensus upgrade, which raised checkpoint processing from one per second to four per second. Sui has also been cited for reaching 232 million total users and 1.5 billion cumulative transactions. Stablecoin balances have reportedly held near a $500 million baseline despite a drop in total value locked. SUI Price Tests Short-Term Recovery SUI price is showing an early recovery setup after forming a local base near $1.0103 on the four-hour chart. The token recently traded near $1.0603, slightly above the market structure shift level near $1.0507. Analysts tracking the chart have noted a bullish divergence between price and the relative strength index. While price moved to lower lows near $1.02 to $1.03, RSI made higher lows, suggesting weaker selling pressure before the rebound. Source: X The first resistance range is between $1.10 and $1.15. A move above that area could bring $1.23 and $1.31 into focus. The wider four-hour range high sits near $1.42 to $1.45. On the downside, $1.0507 is the nearest support level. A move below that area could weaken the recovery setup and send SUI price back toward $1.0103. Losing that level would place the token at risk of further downside.

21 May 2026, 14:08

Ethereum Price Coils Tight While Vitalik Targets Privacy and Metadata Overhaul

Ethereum price is being pinned at $2,100 in a deceptively quiet tape for a network making one of its most significant architectural pivots in years. Ethereum co-founder Vitalik Buterin published a technically dense post outlining three near-term privacy upgrades designed to pull private transactions out of the shadows of third-party workarounds and embed them directly into the protocol. Until now, privacy on Ethereum has been a bolt-on. Buterin’s roadmap targets three specific initiatives: Account Abstraction (AA) with FOCIL, Keyed Nonces, and Access Layer Work. FOCIL, or fork-choice enforced inclusion lists , makes transaction censorship structurally harder by requiring block builders to include validator-nominated transactions or risk network rejection. Short-term things being done to shift Ethereum toward native privacy: * AA + FOCIL (makes privacy protocol txs, among many other things, first-class with strong inclusion guarantees) * Keyed nonces: https://t.co/BeTJvFhxiV * Access-layer work (Kohaku, private reads…) https://t.co/MImWVYXBQv — vitalik.eth (@VitalikButerin) May 20, 2026 Account abstraction, meanwhile, replaces single-key externally owned accounts (the standard ERC-20 wallet setup most users rely on) with programmable account logic, reducing the metadata trail that currently bleeds from every standard transaction. These proposals land as the Ethereum Foundation navigates a wave of high-profile internal departures tied to an organizational mandate shift. Institutional voices at Consensus Hong Kong have flagged privacy as a hard prerequisite for enterprise adoption, which gives this roadmap real commercial weight. ETH’s price structure, though, hasn’t reacted. Consolidation has been the dominant mode for ETH for months now. Discover: The best crypto to diversify your portfolio with Ethereum Price Needs to Break $2,200 First Ethereum price is being suppressed at the $2,100 level. Technically, it appears to be coiling inside a narrowing range, with the price action full of small candles, shrinking intraday spreads, and no decisive wick beyond the consolidation band. This typically precedes an expansion move. The direction, however, is genuinely unclear from price alone. Bulls need a clean reclaim above the $2,150 zone to open a run toward $2,200 and beyond, which currently functions as the key short-term resistance. Support in the $2,080–$2,100 area has held on pullbacks, but a break below $2,050 would likely trigger further de-risking. Ethereum (ETH) 24h 7d 30d 1y All time With its privacy upgrade, momentum could attract developer and institutional attention, which then helps ETH to break $2,200 with volume, and the coiling spring resolves upward toward $2,500. Discover: The best pre-launch token sales LiquidChain Offers ETH Liquidity, BTC Safety, and Solana Speed ETH’s tight range frustrates momentum traders looking for real upside potential. Ethereum is always a good pick for longer-term holding, but it won’t be as asymmetric as how the infrastructure presale market is moving. The Ethereum L2 shakeout has refocused attention on which cross-chain infrastructure projects can actually capture unified liquidity. This is precisely the thesis behind one of the more structurally distinct projects currently in presale. Built differently. Moving accordingly ⟁ https://t.co/vqvBcdSQYC pic.twitter.com/Ij2V9s94Pz — LiquidChain (@getliquidchain) May 21, 2026 LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as a cross-chain liquidity layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture is built around four pillars: a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once architecture that lets developers ship once and access all three ecosystems simultaneously. The presale is currently priced at $0.01461 per $LIQUID , with almost $800K raised to date. LiquidChain’s presale trajectory has been covered as it approached the $780K milestone. Research LiquidChain and review the full presale terms here. The post Ethereum Price Coils Tight While Vitalik Targets Privacy and Metadata Overhaul appeared first on Cryptonews .

21 May 2026, 14:06

Bitcoin Holds $77K Fourth Day as Long-Term Holders Add 2M Coins, Miners Sell 25K BTC

Bitcoin News Bitcoin entered its fourth consecutive session trading in a narrow band around $77,000, with the largest cryptocurrency unable to break decisively in either direction. The persistent c...