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25 May 2026, 12:30

Trader Opens $100M ETH Short at 23x Leverage on Hyperliquid With Liquidation Just 2% Away

A tracked onchain wallet has opened a 23x leveraged short position on ether worth $100.33 million via Hyperliquid, with the trade facing automatic liquidation if ETH climbs just $41 from its entry price. A Nine-Figure Bet Against Ether Wallet address 0x50b3 opened a 23x leveraged short on 47,604 ether ( ETH) at an implied entry

25 May 2026, 12:25

Bhutan Sells $900M in Bitcoin Over 11 Months at Average Price of $98K, On-Chain Data Shows

BitcoinWorld Bhutan Sells $900M in Bitcoin Over 11 Months at Average Price of $98K, On-Chain Data Shows The Royal Government of Bhutan has gradually sold approximately 9,180 Bitcoin (BTC) over the past 11 months, generating around $900 million in proceeds, according to on-chain data tracked by blockchain analytics firm EmberCN. The average selling price across these transactions was calculated to be roughly $98,067 per Bitcoin. Timeline of Bhutan’s Bitcoin Sales Data from EmberCN reveals that Bhutan’s Bitcoin holdings peaked at roughly 12,200 BTC in early 2025, coinciding with the cessation of the country’s state-backed mining operations. The government reportedly began its divestment process in earnest in June of the same year, executing a series of transactions over the subsequent months. Current Holdings and Market Context As of the latest on-chain data, the Bhutanese government holds approximately 3,021 BTC, valued at around $234 million at current market prices. This sale represents a significant reduction from the country’s peak holdings and provides a rare window into how a sovereign nation manages a large, publicly known cryptocurrency reserve. The average sale price of $98,067 is notable, as it is below Bitcoin’s all-time high, but still represents a substantial profit relative to the likely acquisition costs from mining operations. Implications for the Crypto Market Bhutan’s systematic sale of a large Bitcoin position over an extended period offers several key takeaways for market observers. First, the gradual nature of the sales likely minimized market impact, preventing a sharp price decline that a single large dump could cause. Second, the move provides a case study for other nations or institutions holding significant crypto assets, demonstrating a methodical approach to liquidation. Finally, the fact that the sales were tracked via on-chain data highlights the transparency of the Bitcoin blockchain, allowing for public verification of government transactions. Conclusion Bhutan’s $900 million Bitcoin sale, executed at an average price of $98,067 over 11 months, marks a significant chapter in the country’s foray into digital assets. While the government has substantially reduced its holdings, it still retains over 3,000 BTC. The methodical, publicly traceable nature of these transactions provides valuable data for analysts and underscores the unique transparency of on-chain markets. FAQs Q1: How much Bitcoin did Bhutan sell? A1: According to on-chain data from EmberCN, Bhutan sold approximately 9,180 BTC over 11 months. Q2: What was the average price Bhutan received for its Bitcoin? A2: The average selling price across all transactions was calculated to be around $98,067 per Bitcoin. Q3: How much Bitcoin does Bhutan still hold? A3: As of the latest data, the Bhutanese government holds about 3,021 BTC, valued at approximately $234 million. This post Bhutan Sells $900M in Bitcoin Over 11 Months at Average Price of $98K, On-Chain Data Shows first appeared on BitcoinWorld .

25 May 2026, 12:23

Dogecoin tests key support as rally awaits clear breakout

🚨 $DOGE is retesting a long-term support that sparked previous rallies. Analysts warn a real surge requires a strong breakout above this level. 🧐 Critical data shows DOGE’s past bounces from here led to major upward moves. Continue Reading: Dogecoin tests key support as rally awaits clear breakout The post Dogecoin tests key support as rally awaits clear breakout appeared first on COINTURK NEWS .

25 May 2026, 12:20

Robinhood's acquisition of WonderFi secures Canadian regulator's approval

More on Robinhood Markets, WonderFi Technologies Inc. Robinhood: Not The Tokenized Stock Bet You're Looking For Robinhood Markets, Inc. (HOOD) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Robinhood's Customers Are Staying Away, You Should Too Inflation panic, rising yields, rate hike pressure returns: Crypto stocks drown in red

25 May 2026, 12:20

GBP/USD Holds Gains Near 1.3500 as Risk Appetite Returns to Markets

BitcoinWorld GBP/USD Holds Gains Near 1.3500 as Risk Appetite Returns to Markets The British pound held onto recent gains against the US dollar on Tuesday, trading near the psychologically important 1.3500 level as broader market sentiment turned increasingly positive. The currency pair has benefited from a renewed appetite for risk among investors, with equity markets also edging higher in early European and US trading sessions. Risk-On Mood Lifts Sterling The shift in market mood comes amid growing expectations that major central banks, including the Federal Reserve and the Bank of England, may be nearing the end of their tightening cycles. Recent economic data from both the UK and the US has shown signs of cooling inflation, which has fueled speculation that interest rates may not need to rise much further. This has reduced demand for the safe-haven US dollar and allowed the pound to recover ground lost earlier in the month. Traders are also closely watching developments in UK fiscal policy and trade negotiations. The government’s recent budget announcements have been met with cautious optimism, though concerns about the pace of economic growth remain. The combination of a weaker dollar and improving UK sentiment has provided a tailwind for GBP/USD. Technical Levels to Watch From a technical perspective, the 1.3500 level represents a key resistance zone. A sustained break above this area could open the door for a move toward the 1.3600 region, which has acted as a ceiling in recent trading. On the downside, immediate support lies near 1.3440, with stronger support around the 1.3380 level. The pair’s recent price action has formed a series of higher lows, suggesting that buyers are stepping in on dips. The Relative Strength Index (RSI) is hovering near neutral territory, indicating that there is room for further upside without the market becoming overbought. However, a failure to hold above 1.3500 could lead to a retest of lower support levels. What This Means for Traders For currency traders, the current environment presents both opportunity and caution. The risk-on mood favors the pound, but the rally may be vulnerable to sudden shifts in sentiment. Key data releases later this week, including UK GDP figures and US jobless claims, could provide the next catalyst for direction. A strong UK economic print would likely reinforce the bullish case for sterling, while disappointing data could quickly reverse recent gains. Investors should also monitor central bank commentary. Any hawkish remarks from Fed or BOE officials could reignite dollar strength and cap the pound’s upside. For now, the market appears to be in a wait-and-see mode, with the 1.3500 level acting as a critical battleground between buyers and sellers. Conclusion GBP/USD’s ability to hold near 1.3500 reflects a broader shift in market sentiment away from safe havens and toward riskier assets. While the technical setup suggests potential for further gains, traders should remain alert to incoming economic data and central bank signals that could alter the trajectory. The near-term outlook remains cautiously bullish, but the 1.3500 resistance level will be key to watch in the sessions ahead. FAQs Q1: What does it mean when GBP/USD is near 1.3500? A level of 1.3500 means that one British pound can buy 1.35 US dollars. It is a psychologically important round number that often acts as a resistance or support level in trading. Q2: What is a risk-on mood in forex trading? A risk-on mood refers to a market environment where investors are more willing to buy higher-yielding or riskier assets, such as the British pound, and sell safe-haven assets like the US dollar. It often occurs when economic outlook improves or central bank policies are perceived as supportive. Q3: What factors could push GBP/USD above 1.3500? A sustained move above 1.3500 could be triggered by stronger-than-expected UK economic data, a more dovish tone from the Federal Reserve, or further improvements in global risk sentiment. Conversely, a failure to break above could lead to a pullback toward support levels. This post GBP/USD Holds Gains Near 1.3500 as Risk Appetite Returns to Markets first appeared on BitcoinWorld .

25 May 2026, 12:10

Hungarian Forint Gains Support from Euro Convergence and MNB Hold, BBH Reports

BitcoinWorld Hungarian Forint Gains Support from Euro Convergence and MNB Hold, BBH Reports The Hungarian forint is finding renewed support from the country’s ongoing convergence with the eurozone and the Magyar Nemzeti Bank’s (MNB) decision to hold interest rates steady, according to a new analysis from Brown Brothers Harriman (BBH). The assessment comes as currency markets closely watch central bank policies across emerging Europe. MNB’s Steady Hand Bolsters Forint Stability The MNB maintained its base rate at 6.50% in its latest policy meeting, a move widely anticipated by markets. BBH analysts note that the central bank’s cautious stance, prioritizing inflation control while supporting economic growth, has provided a stable backdrop for the forint. The currency has traded in a relatively narrow range against the euro in recent weeks, reflecting this policy certainty. Hungary’s inflation rate, while still elevated, has shown signs of moderating. The MNB has emphasized a data-dependent approach, avoiding premature rate cuts that could weaken the forint. This discipline, BBH argues, is a key factor in the currency’s resilience compared to some regional peers facing more aggressive easing cycles. Euro Convergence as a Structural Anchor Beyond short-term monetary policy, BBH highlights Hungary’s long-term convergence with the eurozone as a structural support for the forint. While Hungary is not expected to adopt the euro in the near future, progress on fiscal metrics, trade integration, and alignment with EU regulatory frameworks strengthens investor confidence. Foreign direct investment (FDI) flows, particularly in the automotive and battery manufacturing sectors, have underpinned the forint’s external position. BBH analysts point out that these capital inflows reduce the currency’s vulnerability to external shocks, such as shifts in global risk appetite or energy price volatility. Implications for Investors and Importers For investors holding Hungarian assets, the BBH analysis suggests that the forint may continue to trade with a positive bias against the euro, barring a major deterioration in the global outlook. The MNB’s commitment to price stability and the structural convergence story provide a credible buffer. Hungarian importers, particularly those reliant on euro-denominated raw materials, may benefit from reduced exchange rate uncertainty. A stable forint allows for better cost forecasting and margin protection, which is critical in the current high-inflation environment. Conclusion The BBH assessment underscores a cautiously optimistic outlook for the Hungarian forint, driven by a prudent central bank and deeper integration with the eurozone economy. While risks remain — including global monetary policy divergence and domestic political factors — the convergence narrative offers a tangible foundation for currency stability. Market participants will continue to monitor MNB communications and EU fund disbursements as key indicators for the forint’s trajectory. FAQs Q1: What is the MNB’s current base rate? The Magyar Nemzeti Bank (MNB) held its base rate at 6.50% in its latest decision, maintaining a steady policy stance to manage inflation and support the forint. Q2: How does euro convergence support the Hungarian forint? Euro convergence refers to Hungary’s alignment with eurozone economic standards, including fiscal discipline and trade integration. This structural process attracts foreign investment and reduces currency volatility, supporting the forint. Q3: What are the main risks to the forint outlook? Key risks include global interest rate shifts, energy price spikes, and delays in EU fund disbursements. However, BBH analysts view the MNB’s cautious policy and FDI inflows as mitigating factors. This post Hungarian Forint Gains Support from Euro Convergence and MNB Hold, BBH Reports first appeared on BitcoinWorld .