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20 May 2026, 15:52

Cerebras claims AI speed crown days after market debut

Cerebras Systems announced it’s now running Kimi K2.6 in customer trials, marking the first time the chip company has operated a one trillion parameter open-weight model while reaching speeds close to 1,000 tokens per second. The Sunnyvale, California-based firm went public last Thursday in the biggest U.S. technology offering so far this year. Shares were priced at $185 each, well above the $115 to $125 range initially planned. When trading started on May 14, the stock jumped to $350 before settling at $311.07 by day’s end, a 68 percent increase from the offering price. Orders came in at more than 20 times the number of shares available as reported by Cryptopolitan before, giving Cerebras a market value of roughly $64 billion. After the opening-day surge , shares dropped 10.1 percent on Friday to close at $279.72. The stock recovered Monday with a 6.1 percent gain to $296.65, then added another 2.4 percent Tuesday to finish at $303.63. The Tuesday gain came after S&P Dow Jones Indices approved Cerebras for early inclusion in its indexes because of the company’s large market capitalization. ARK Investment Management, led by Cathie Wood, purchased 149,176 shares worth approximately $46.4 million through its ARK Innovation and ARK Next Generation Internet funds, according to trading records released Friday. The firm had made a smaller purchase the day before. Trillion-parameter model sets speed records Testing firm Artificial Analysis recorded Cerebras running K2.6 at 981 output tokens per second, 6.7 times faster than the closest GPU-based cloud competitor and 23 times faster than the typical provider. For a request involving 10,000 input tokens that includes prompt processing, reasoning, and producing 500 output tokens, Cerebras completed the full response in 5.6 seconds compared to 163.7 seconds on the official Kimi system, a 29-fold improvement. K2.6 ranks at the top of SWE-Bench Pro with a score of 58.6, performing better than Claude Opus 4.6 and matching GPT-5.4. The model also leads on tasks involving agents, including Humanity’s Last Exam and DeepSearchQA benchmarks. Cerebras builds its technology around the Wafer-Scale Engine, which differs from typical chip designs. The third-generation system uses an entire silicon wafer instead of cutting it into smaller individual chips, making it about 57 times larger than the biggest graphics processing unit available today. The wafer holds 4 trillion transistors, 900,000 cores, and 44 gigabytes of built-in memory. Cerebras says that this setup can make tasks faster over 15 times than how the systems with usual GPUs work. Financial performance has improved sharply Revenue climbed 76 percent in 2025 to $510 million, up from $290 million in 2024, according to documents filed for the public offering. Cerebras also turned profitable, reporting net income of $238 million in 2025 after losing nearly $482 million the previous year. Major customers have signed on recently. In January, Cerebras reached a multi-year agreement with OpenAI worth more than $20 billion. Under the deal, OpenAI will use 750 megawatts of Cerebras computing capacity through 2028. OpenAI also extended a $1 billion working capital loan to help fund the infrastructure buildout. In March, Amazon signed a binding agreement making Amazon Web Services the first major cloud provider to put Cerebras systems in its data centers, with the service available through Bedrock. “OpenAI and Cerebras have agreed to co-design future models for future Cerebras hardware,” CEO Andrew Feldman wrote in a letter included with the offering documents. If you're reading this, you’re already ahead. Stay there with our newsletter .

20 May 2026, 15:45

Whale Transfers $40M From Binance To Hyperliquid To Accumulate HYPE

This crypto whale out maneuver have been drawing green arrows in the derivatives and onchain trading markets this week after transferring tens of millions of dollars from binance to aggressively accumulate exposure to HYPE tokens. On-chain data showed that 0x92ea withdrew about $40 million of USDC from Binance and sent $10 million USDC to Hyperliquid. Once deposited, the wallet instantly started buying HYPE tokens. Onchain data suggests the whale has purchased more than 22,700 HYPE worth approximately $1.16 million, and purchases are still ongoing. This swift buildup captured the attention of market participants monitoring large capital flows between perpetual and spot markets. Some market experts have tentatively connected this wallet to cryptocurrency trader Garrett Bullish according to similar behavioral patterns identified in earlier trades. While there has been no official confirmation of the person behind the wallet, many crypto trading communities have speculated wildly. A mysterious whale (0x92ea) withdrew 40M $USDC from #Binance , then deposited 10M $USDC into Hyperliquid to buy $HYPE . So far, the whale has bought 22,700 $HYPE ($1.16M), and the purchase is still ongoing. https://t.co/59gh6mbFfV pic.twitter.com/yX3HP37w2E — Lookonchain (@lookonchain) May 20, 2026 Hyperliquid Also Keeps Attracting Big Traders This also marks an important close for Hyperliquid and its evolution as a large-scale onchain derivatives trading venue. The platform has particularly attracted high-volume traders in the last year, targeting those who want decentralized perpetual futures infrastructure complete with far deeper liquidity and better performance than using centralized competitors. It has grown increasingly popular among institutional players due to its rapid execution speeds and growing market depth. Here, the whale not just stacked spot HYPE bag but even allegedly a long strategy based on TWAP at the token level. TWAP, or Time-Weighted Average Price is a method common in used by institutional traders under whose orders are split across time acquire minimal slippage on average. The Onchain data indicates that the wallet acquired nearly 21,300 HYPE for an average cost of around $49.96 before opening a considerably larger TWAP long position amounting to about 90,400 HYPE at a net average entry price of $50.60. This size and speed of exorbitant accumulation has led to speculation that the trader expects even further price appreciation in HYPE, especially as Hyperliquid’s presence continues to deepen in decentralized derivatives trading. Market Speculations on Whale Accumulation The largest transactions that occur in crypto markets draw greater attention than others, typically indicative of shifts in institutional tone or diligent foresight ahead of major developments. The most obvious of these was the quickly realized $40 million positioned post withdrawal from Binance into HYPE exposure. Traders have followed closely whether the wallet will increase its position further. Market sentiment is often moved by whales, with ecosystem-native tokens that have direct correlations to platform growth being particularly impacted. HYPE is the native token of Hyperliquid, so growing trading activity on the platform will also directly expand demand dynamics behind the asset. This heavy absorption comes as this competition intensifies between protocol liquidity and centralized exchanges looking to attract liquidity/users. Deep liquidity and professional trading strategies are drawing migration towards platforms positioning as credible alternatives in the derivatives space. The whale’s moves are viewed not only as a directional bet on HYPE but also an implicit endorsement of Hyperliquid’s long-term possible future growth within decentralized finance, according to many market participants. Onchain Transparency Is Changing The Story Of Trading The ability to track large wallet movements effectively in near real-time is still one of the hallmarks of crypto markets. While institutional positioning remained murky for months in traditional financial markets, blockchain infrastructures allow keen observers to see capital flows, exchange withdrawals and trading behavior nearly instantly. This transparency often transforms whale activity into a narrative source that can impact general sentiment across the entire market. This is a direct consequence of the recent HYPE increasing wallet that became one of the most talked-about wallets on chain and by crypto traders as soon as those transactions were out in the wild for all to see. This enabled users to follow the order in which Binance withdrawals were conducted, along with the deposits into Hyperliquid and trading that subsequently took place, almost immediately after each transaction was conducted through blockchain explorers and monitoring tools. But this level of visibility also encourages speculation. After big wallets are seen accumulating, retail traders often try to front-run impending momentum or read whale activity as insiders betting on ‘where the market is going in the future. That tension has become particularly acute within the ecosystems of decentralized finance, where blockchain transparency turns capital movements into price-moving signals in their own right. The Ecosystem Momentum of Hyperliquid Continues to Grow The whale accumulation occurred alongside a time of surging demand for Hyperliquid itself and the decentralized derivatives industry as a whole. In this environment, decentralized perpetual exchanges have gained momentum as traders seek alternatives that provide self-custody and onchain transparency, along with diminished reliance on centralized intermediaries. Hyperliquid is quickly establishing itself as one of the leading performance-first decentralized trading protocols with an increasingly deep liquidity pool. The HYPE token, ecosystem-native tokens in general, tend to be highly correlated with trading volume on the platform they serve and levels of user engagement and speculative interest surrounding future growth. This surge in whale activity further emphasizes a trend of large-scale traders investing significant capital directly into decentralized trading ecosystems rather than relying entirely on centralization. Whether this build up indicates short term trading or long-term conviction, it has already brought a laser focus on Hyperliquid and HYPE in the market. Traders across the crypto market are now closely watching to see if the whale continues to put more capital into these assets and whether other large players enter back in and engage with the ecosystem. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

20 May 2026, 15:30

Anonymous Whale Opens $11.2 Million HYPE Short Position With 10x Leverage

BitcoinWorld Anonymous Whale Opens $11.2 Million HYPE Short Position With 10x Leverage An anonymous cryptocurrency whale has opened a significant short position against HYPE, the native token of the Hyperliquid ecosystem, valued at approximately $11.16 million. The trade, executed over the past two hours, was flagged by blockchain tracking firm Onchain Lens. Details of the Large Short Trade According to on-chain data, the whale shorted 218,406 HYPE tokens using 10x leverage. The position carries a liquidation price of $60.9, meaning the trader will be forcibly closed out if HYPE’s price rises to that level. In a related move, the same wallet address also sold 64,401 HYPE for approximately $3.08 million, further signaling a bearish outlook on the asset. Market Context and Implications Large leveraged positions from anonymous whales can create significant market pressure, especially in tokens with lower liquidity like HYPE. Such a sizable short could be a directional bet on a price decline, or part of a broader hedging strategy. The 10x leverage amplifies both potential gains and risks; a price increase of just over 10% from the entry point would liquidate the position, resulting in a total loss of the margin. What This Means for HYPE Traders For retail traders and investors, this whale activity serves as a signal of high conviction from a well-capitalized participant. It does not guarantee a price move, but it adds to the bearish sentiment around HYPE in the short term. The simultaneous sale of a large amount of HYPE from the same address reinforces the bearish stance. Traders should monitor HYPE’s price action closely, especially around the $60.9 liquidation level, as a breakout above that point could trigger a cascade of buy orders from the liquidating short position. Conclusion The emergence of a $11.2 million HYPE short with high leverage is a notable development in the Hyperliquid ecosystem. While the identity of the whale remains unknown, the trade’s size and structure provide clear data points for market participants. As always, leveraged positions carry substantial risk, and this move underscores the ongoing volatility and speculative interest in the cryptocurrency market. FAQs Q1: What is a short position? A short position is a trading strategy where an investor borrows and sells an asset, hoping to buy it back later at a lower price. If the price drops, the trader profits. If the price rises, the trader incurs a loss. Q2: What does 10x leverage mean? 10x leverage means the trader is using borrowed funds to amplify their position size. For every $1 of their own capital, they control $10 worth of the asset. This increases both potential profits and potential losses. Q3: What is the liquidation price? The liquidation price is the price at which the exchange automatically closes the trader’s position to prevent further losses. For this HYPE short, if the price reaches $60.9, the position will be liquidated, and the trader loses their entire margin. This post Anonymous Whale Opens $11.2 Million HYPE Short Position With 10x Leverage first appeared on BitcoinWorld .

20 May 2026, 15:28

Ethereum Price Analysis: Several Factors Point to a Bearish Breakdown

Analysts have turned bearish on Ethereum amid a breakdown in its technical structure, with other market dynamics adding further pressure. CryptoQuant’s verified author Pelin Ay is one analyst fronting this narrative. Visit Website

20 May 2026, 15:10

HYPE breaks $50 barrier on rising appetite for on-chain markets

Hyperliquid’s token HYPE climbed above $50 for the first time since October 2025. The asset erased all losses, signaling the growing importance of Hyperliquid in the crypto ecosystem. HYPE broke out in the past week, extending its gains above $45. The $50 range was closely watched, as the asset found support based on active Hyperliquid usage. HYPE traded at $50.62, up by 4.7% in the past day. The rally accelerated during US open hours, as HYPE established itself as one of the day’s trending tokens. Over 71% of whales on Hyperliquid are long on HYPE, though one whale has built a $75M short position. For the past week, HYPE rose by over 29%, and is up by over 80% for the past 90 days. The token is in the top 15 of the most active crypto assets, though it stands out for stronger fundamentals, rather than short-term hype. HYPE may rise as high as $52 in a short squeeze move, or drop to the $46 range to liquidate the accumulated long positions . HYPE open interest is at a six-month peak of $1.95B, of which $1.2B is on the Hyperliquid platform, securing concentrated liquidity and potential momentum. Why is HYPE rising? HYPE has gained multiple sources of support from adoption and everyday usage. The recent deal with Coinbase increased revenues. Goldman Sachs also disclosed a new position in Hyperliquid Strategies, INC, a digital asset treasury company dedicated to HYPE. For Q1, 2026, Goldman Sachs reported exposure to PURR for $3.32M. Goldman Sachs gained exposure to the Hyperliquid ecosystem through Hyperliquid Strategies, Inc. | Source: Goldman Sachs 13-F filings . Although relatively small, the Q1 purchase draws mainstream attention to Hyperliquid. The 21 Shares Hyperliquid ETF is also live, increasing buying demand for HYPE. Hyperliquid activity remains robust, driven by RWA activities. The platform achieves $50M in monthly revenue, using 99% of the proceeds for HYPE buybacks. As Cryptopolitan reported, Bitwise CIO Matt Hougan considers HYPE an undervalued asset. UPDATE: THE MARKET IS COMPLETELY WRONG ABOUT HYPERLIQUID @Bitwise CIO @Matt_Hougan says everyone is valuing @HyperliquidX as just another perp exchange But its actually a SUPER APP in disguise HYPE = best performing large cap of 2026 (up 77% YTD) pic.twitter.com/w5Tx48Lzqp — Cryptopolitan (@CPOfficialtx) May 20, 2026 Hyperliquid keeps attracting over 64K daily active users , a mix of retail traders and high-profile whales. The platform has a growing share of real-world assets, almost catching up with HYPE trading activity. Whales move in to boost HYPE Whales on Hyperliquid are one of the chief factors for HYPE price moves. As of May 20, whales have opened 100 high-profile long positions , against 82 short positions. One whale still holds $15M in unrealized gains from a 5X long position on HYPE. Another whale has picked up spot market activity, depositing up to $19M into Hyperliqid. The whale continues buying, accumulating over $8.1M in HYPE. An address linked to Garrett Jinn is also among the aggressive HYPE buyers. The address withdrew $40M in stablecoins from Binance and deposited $10M to Hyperliquid for HYPE accumulation. The whale accumulation is happening silently, as there is no significant social media noise around HYPE. The platform has become a staple in permissionless trading, and has so far survived the stagnant crypto market. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

20 May 2026, 15:07

Change Log: Version 1.132

The Bitfinex Change Log is an overview of all performance and UI changes made to the Bitfinex trading platform. For an overview of all previous changes, please refer to blog.bitfinex.com/category/changelogs . Version 1.132 Improvements Updated time expiration column message to display a tooltip when text is trimmed Added OpenPayd USD option, enabling deposits and withdrawals via the SWIFT channel Added Financial Freedom Tour Turkiye page to public pages Added Margin Trading landing page Updated TW user block for deposits and withdrawals Updated Bitfinex Borrow fiat intermediate users info Reused 404 page from bfx-ui-components Disabled paper subaccount withdraw toggle Bug Fixes Fixed BTC view mode in ladder and summary analytics Fixed Capital Raise footer link Fixed Google SSO button on the halving page desktop view Fixed newsletter page mail icon size Fixed the fees page accordion closing when clicking blank links Fixed Bitfinex Borrow page error underline colour Fixed the issue of the missing cancel button on the deposit row Fixed withdrawal cards wording Fixed the balances table issue to prevent multiple tooltips from displaying simultaneously Fixed category LZero currency category wording Fixed the travel rule dialog reset recipient on changing the destination type Fixed deactivate modal button padding Fixed recommendations collapse click area spanning full row length Fixed the account information nickname tooltip not appearing on focus issue Fixed the account information nickname tooltip remaining open when focused issue The post Change Log: Version 1.132 appeared first on Bitfinex blog .