Sahil Poudel, Author at Bitmala

Crypto Whale Bets Big: $276M Bitcoin Long at 40X Leverage on Hyperliquid

A major crypto whale has made headlines by opening an eye-popping $276.47 million long position on Bitcoin using 40x leverage through the decentralized perpetuals exchange, Hyperliquid. The highly leveraged trade, opened at a BTC price of $103,129.80, places the whale’s liquidation point at just $95,000 — making this one of the riskiest yet most talked-about bets in the current crypto landscape.

Ultra-Leveraged Bet on Bitcoin

The position involves 2,670 BTC and is one of the largest open on-chain trades visible today. With 40x leverage, even a minor 2.5% price drop would liquidate the entire position. That tight margin makes this a bold and high-stakes move — either a huge payday or a rapid wipeout.

The trader’s wallet, labeled 0x507..6ebd6, also shows a diversified high-risk strategy with more than $43 million in other crypto derivatives. The whale holds a $43.13M long on PEPE with 10x leverage and $34.56M long on XRP at 20x leverage, signaling a strong belief in short-term bullish momentum across major tokens.

Previous Whale Bets Still Fresh

This isn’t the first time a whale has rolled the dice in grand fashion. Earlier in 2025, another investor opened a $524 million short position on BTC at 40x leverage. That trade, placed around $83,898, risked liquidation above $85,565 and was similarly flagged as a high-risk play by analysts.

Market at a Glance

At the time of writing, Bitcoin is trading at $103,094, reflecting a minor 0.9% dip over the past 24 hours. Daily trading volume has declined by 21%, landing at $37.42 billion, with the broader crypto market cap hovering around $2 trillion, according to CoinMarketCap.

This mega-leveraged bitcoin long trade is fueling speculation on what the whale knows — or if it’s simply a high-roller gamble on continued bullish momentum in the market.

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Tether’s Blacklist Lag Lets Hackers Move $78M in USDT Before Freeze

Hackers Exploit Tether Delay to Snag $78M in USDT

Tether’s wallet blacklisting system just got exposed for having a major weak spot — and hackers were quick to take full advantage.

A new report from blockchain compliance firm AMLBot, released on May 15, reveals that over $78 million in USDT was successfully moved by criminals before Tether could freeze their wallets. The key issue? A lag in it’s two-step blacklist system.

Here’s how it works: Tether first publishes a public “warning” on-chain when a wallet is flagged, but the actual freeze comes later. That delay — sometimes up to 45 minutes — is all attackers need to make a clean escape.

In one case shared by AMLBot, the warning hit at 11:10 UTC, but the wallet wasn’t frozen until 11:54 UTC. That’s nearly an hour for the hacker to move funds — and they did.

Between Ethereum and Tron, $28.5M and $49.6M respectively were funneled out of flagged wallets from 2017 to 2025. Out of 3,480 wallets flagged on Tron, 170 managed to beat the system, each moving close to $292K before the freeze kicked in.

“This isn’t just a tech bug — it’s a playbook for bad actors,” AMLBot warned. Hackers can now monitor Tether’s blacklist signals in real time and act fast.

Tether pushed back on the claims, saying the lag doesn’t mean the system is broken. It highlighted ongoing collaboration with 255+ law enforcement agencies across 55 countries and mentioned that $2.7B in USDT has already been frozen.

Still, they admit there’s room for improvement — and say they’re working to tighten the gap.

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Bitcoin: Addentax Eyes $800M Crypto Move , Trump Coin Strategy

Chinese Firm Goes Big on Crypto with Bitcoin + Trump Coin Play

Addentax Group Corp — a Shenzhen-based logistics and service provider — just revealed it’s planning a massive move into crypto. In a press release, the company announced its intention to acquire up to 8,000 Bitcoin and Trump (TRUMP) memecoin, a bold play worth around $800 million at current market prices.

The company isn’t paying cash — it’s issuing shares of its common stock to secure the deal. Negotiations are currently underway with several large holders in the crypto space, but no final agreements have been made yet. Still, the sheer scale of the plan is turning heads.

According to CEO Hong Zhida, this isn’t just a hype play. He says the initiative is part of a long-term blockchain strategy designed to bring experienced crypto players into the fold and reinforce Addentax’s financial standing with globally recognized digital assets.

“We believe these assets could become core components of our long-term holdings,” Zhida said. “They’re liquid, increasingly institutional, and align with the future we see coming.”

The announcement has stirred chatter in both corporate and crypto circles, not only because of the potential size of the deal, but because TRUMP, the memecoin tied to former U.S. President Donald Trump, is being included alongside Bitcoin.

If finalized, this move could position Addentax as one of the few traditional Chinese firms with major exposure to crypto — and potentially change how investors look at cross-border blockchain plays.

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Ethereum’s hopeful Hits $2.6K: Why This 1 Indicator Has Bulls Hyped

Ethereum is Heating Up as Big Players Load Up

Ethereum just broke above the $2,600 mark, and crypto Twitter is buzzing. The world’s second-largest crypto by market cap is making moves — and not just price-wise. Whale wallets are stacking ETH again, on-chain activity is spiking, and ETH staking deposits are on the rise. Basically, Ethereum is acting like it’s gearing up for a big run.

According to on-chain trackers like Lookonchain and Santiment, multiple wallets holding 10,000 ETH or more added significant amounts this past week. That’s a pretty solid bullish signal. At the same time, layer-2 networks like Arbitrum and Base are hitting new highs in transaction volume, pushing gas fees slightly up — a classic sign of network engagement.

Analysts are calling this a breakout moment, especially since ETH has been lagging behind Bitcoin for most of 2025. But that lag might be turning into a setup. Glassnode data shows a sharp uptick in ETH moved off exchanges — which usually means people are holding long-term, not planning to sell.

There’s also chatter about an upcoming major protocol upgrade in Q3, expected to streamline how Ethereum handles rollups. And that’s got devs and investors alike feeling optimistic.

While ETH isn’t immune to macro headwinds, the current sentiment is leaning green. If momentum holds and whales keep accumulating, Ethereum could retest $3,500 sooner than most expected.

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Top 5 Shocking Crypto News Today: Scams, Surges & Scandals Unfold

Crypto News Today: Scams, Surges & Scandals Unfold

The crypto world is buzzing with major events today. Here’s a quick rundown of the top 5 stories making waves:

1. France’s Crypto Crime Wave Intensifies
France is grappling with a surge in web3-related kidnappings. Victims, including family members of prominent figures, have been abducted and subjected to violence, with ransoms reaching up to €10 million.

2. Trump Family’s web3 Deal with Pakistan Raises Eyebrows
Pakistan has inked a deal with World Liberty Financial, a crypto firm in which the Trump family holds a 60% stake. The agreement has sparked concerns over potential conflicts of interest, given the geopolitical implications.

3. Pi Network Plummets 33% After VC Fund Announcement
Pi Coin has dropped out of the top 20 currencies following a 33% decline. The downturn comes after the announcement of a $100 million VC fund, with community members criticizing the lack of functional DApps after six years of development.

4. DN Miner Gains Traction Amid Market Volatility
Investors are turning to DN Miner, an AI-powered cloud mining platform, seeking passive yield and reduced portfolio volatility in today’s fast-moving online landscape.

5. Crypto Market Sees Green After Brief Dip
After a single day of declines, the blockchain market is back in the green. Major cryptocurrencies are recovering, with renewed investor confidence.

Stay tuned for more of such news worldwide as it continues to evolve rapidly.

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Hope ! Coinbase Turns the Tables with $20M Bounty After Insider Ransom Attempt

Coinbase Doesn’t Pay Up — They Pay Back

So here’s the plot twist: Coinbase just said no to a $20M ransom and turned the threat into a $20M bounty.

The breach didn’t come from some elite hacker. Nope — it was rogue support agents overseas who took bribes to leak user data. Real inside job. The compromised info? Names, phone numbers, emails, and in some cases, ID photos. Passwords, private keys, and money? Untouched.

Even though less than 1% of users were affected, the damage was real. The scammers used the stolen data to try and extort Coinbase for $20 million in Bitcoin. Coinbase clapped back hard.

From Victim to Vigilante: The $20M Flip

Instead of caving, It fired the insiders, went public with everything, and is now offering a $20M bounty to anyone who helps track and convict the extortionists. CEO Brian Armstrong confirmed no funds were moved and It Prime accounts were never in danger.

The company also pledged to reimburse users scammed via phishing and is now making major security upgrades — like launching a U.S.-based support center and tightening internal access controls.

They’re also pushing users to be on high alert. If someone says they’re from Coinbase and asks for your password, seed phrase, or crypto — it’s a scam. Always.

In a space where silence is the norm, Coinbase’s transparency and counterstrike are rare — and refreshing.

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Why Bitcoin Could Earn ‘Asset Class’ Status at $500K, Says Scaramucci in Bold Prediction

Bitcoin Still Needs the $500K Moment to Earn Asset Class Status

Bitcoin's price as of Scaramucci's prediction

At Consensus 2025, Bitcoin wasn’t just trending — it was being redefined. Anthony Scaramucci, CEO of SkyBridge Capital, dropped a hot take that echoed across the conference: BTC needs to hit $500,000 before the world starts calling it a real asset class.

Scaramucci broke it down with a finance-insider lens. “Three trillion is like a mag 7 stock. Twenty trillion is an asset class,” he said. His point? Market cap and perception go hand in hand — and BTC still has some stairs to climb.

The panel was stacked with names: Jonathan Steinberg (WisdomTree), Pasqual St-Jean (3iQ), and Andy Baehr (CoinDesk Indices) all joined the convo. The vibe? Bitcoin’s growing up, but it’s still not sitting at the grown-up table.

They agreed BTC is gaining real institutional cred, but price alone won’t cut it. Public awareness, infrastructure, and ease of access are just as important.

BTC vs. The Rest of Crypto

St-Jean made a key point: not all crypto is created equal. While Bitcoin’s getting attention, governance and utility tokens are harder sells to institutions. “They’re like, ‘What am I actually owning?’” he said.

Bottom line? Bitcoin’s not fully there yet, but it’s on the runway. If the $500K prediction plays out and infrastructure keeps improving, we might be looking at the next global asset class in real time.

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5 insane Altcoins Outshining Bitcoin This Week Amid Surprise Market Shift

Altcoins Are Poppin’ While Bitcoin Takes a Breather

Bitcoin’s been the king of crypto, but this week it took a chill pill. While BTC slipped a modest 0.2% to hover around $103,268, altcoins decided to steal the spotlight — and they did it in style.

Ethereum shot up 4.8%, flexing its DeFi muscles. Solana wasn’t far behind, pulling a 2.9% gain thanks to growing activity in NFTs and high-speed apps. XRP also made some noise, climbing 1.7% with fresh momentum from its ongoing legal wins.

Altogether, the total crypto market cap spiked 2.7% in just 24 hours, peaking at $3.4 trillion — that’s its highest since February. Analysts think this could be the start of an “altcoin spring,” where investors rotate out of Bitcoin and into smaller, faster-moving assets looking for alpha.

BTC isn’t out of the game though. It’s just stalling near a resistance zone after a long run. Some whales might just be taking profits before the next leg up. Or maybe, they’re rotating into altcoins themselves.

Whatever’s going on, one thing’s clear: the altcoin crowd is having a moment. And in crypto, those moments can flip the entire leaderboard.

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Vinanz Scores $4M in Strategic Funding with Bold NASDAQ Play

Vinanz Bags $4M to Go Bigger on Bitcoin and NASDAQ Dreams

Vinanz is making moves. The Bitcoin-heavy firm just locked in $4 million in funding to grow its BTC stash and eye a major NASDAQ dual listing. Already listed on the London Stock Exchange as “BTC.L” and trading in the U.S. under “VINZF,” Vinanz is now gunning for that big-league exposure.

The money’s coming from Dominari Securities, a U.S. investment bank, backed by a global fund. It’s split into two parts — $2M already in the bag, and another $2M coming if Vinanz hits certain goals. The cash will go toward beefing up their Bitcoin mining game in states like Indiana and Texas, plus Canada.

Now, this isn’t a free ride. The funds come with 5% annual interest and must be paid back in a year per drawdown. But here’s the twist: the investor can swap the debt for shares — either at a flat 25p or at 95% of the lowest 10-day price. Still, they can’t own more than 4.99% of the company or convert if the stock’s too low.

Chairman David Lenigas called the deal “timely,” saying it gives Vinanz the boost it needs as Bitcoin gains more mainstream clout. The NASDAQ move could bring serious institutional eyes.

With the crypto market heating up again, this play might just put Vinanz in the spotlight for real.

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7 Hopeful Reasons Solana Is Dominating the Crypto Scene in 2025

Solana’s 2025: The Crypto Powerhouse

Solana is making serious waves in 2025. With its lightning-fast transaction speeds and minimal fees, it’s no wonder developers and investors are flocking to this blockchain. Processing up to 65,000 transactions per second, Solana is outpacing many of its competitors.

The ecosystem is booming. From decentralized finance (DeFi) platforms to non-fungible tokens (NFTs), SOL is the go-to for innovative projects. Its unique Proof of History consensus mechanism ensures efficiency and scalability, attracting a diverse range of applications.

Institutional interest is also on the rise. Major financial players are integrating Solana into their operations, recognizing its potential for high-speed, low-cost transactions. This adoption is driving up the value and credibility of the SOL token.

However, it’s not all smooth sailing. The network has faced some outages, raising concerns about reliability. But the development team is actively working on solutions to enhance stability and performance.

In terms of market performance, Solana’s market cap has surged, placing it firmly in the top 10 cryptocurrencies. Its growth trajectory suggests it could climb even higher, challenging established players in the space.

It’s combination of speed, low fees, and a thriving ecosystem positions it as a formidable force in the crypto world. If it continues on this path, 2025 could be the year SOL cements its status as a crypto powerhouse.

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