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$111M Short: James Wynn Flips Bearish on Bitcoin After Closing $1.25B Long

In a total plot twist that’s got Crypto Twitter spiraling, legendary trader James Wynn just rage-yeeted a $111 million short on Bitcoin after nuking his $1.25 billion long—with a $13.4M loss. Yeah, you read that right. Man literally rage-quit the bull run.

Wynn now holds a short position on 1,038.7 BTC at $107.7K on Hyperliquid using 40x leverage (aka max risk, max chaos), with a liquidation price chilling at $149K. And guess what? He’s already $544K up, according to Hyperdash. The dude went full villain arc in under 24 hours.

This sudden flip came hot on the heels of U.S. Prez Trump dropping a massive 50% EU tariff bomb, sparking fears of global market turbulence. On-chain? Dormant BTC wallets (5-7 years old) just woke up, possibly gearing up to dump—lining up perfectly with Wynn’s bearish vibes.

Just yesterday, Wynn closed his insane 11,588 BTC long—which literally dropped the price 1.3% on Hyperliquid. Now? He’s setting fire to bullish narratives like Fundstrat’s Tom Lee, who still thinks Bitcoin’s hitting $250K by New Year’s Eve. Lol, okay.

With the long/short ratio at 1.0375, Wynn’s short is a power move that’s shaking the charts and triggering existential dread among perma-bulls. Whether it’s genius or just giga-gambler energy, one thing’s clear: the market’s watching—and sweating.

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Conor McGregor Eyes Presidency, Promises Bitcoin on Europe’s Balance Sheet

UFC Champion Conor McGregor Vows Adding Bitcoin to Europe Treasury

UFC legend Conor McGregor is taking his fight to the political ring—and Bitcoin is in his corner.

In a bold May 22 post, McGregor dropped a bombshell: if elected, he’ll make Bitcoin a strategic part of Europe’s treasury. “First man to win two belts in the cage. First fighter to walk in as president. First president to put Bitcoin on Europe’s balance sheet. Ireland leads. Europe watches,” he wrote on X (formerly Twitter).

This isn’t McGregor’s first crypto jab. Earlier this month, he pitched the idea of an Irish Bitcoin Reserve, tweeting: “Crypto in its origin was founded to give power back to the people… An Irish Bitcoin strategic reserve will give power to the people’s money.”

Now, he’s planning to co-host a Twitter Space with crypto leaders like Anthony Pompliano and David Bailey. “We need the greatest minds for this BTC Reserve,” McGregor said. “Message me and let’s chat on my space.”

McGregor officially announced his presidential run in March 2025, eyeing Ireland’s top seat as President Michael D. Higgins finishes his term on November 11, 2025. While he hasn’t received a formal nomination yet, his campaign is gaining buzz—especially among crypto fans.

He’s also heading to the Bitcoin Nation State Summit in El Salvador, where he’ll reportedly meet President Nayib Bukele to explore how Ireland can follow El Salvador’s BTC playbook.

Whether or not McGregor enters the presidential arena, one thing’s for sure—he’s got Bitcoin on the brain.

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James Wynn Flips Bearish: Opens $111M Bitcoin Short After $1.25B Long Exit

Billion-Dollar Bitcoin Long Trader is Now Bearish: Opens $111M Short

James Wynn, the high-stakes crypto trader known for his massive Bitcoin plays, just made a bold pivot—and the entire market’s watching.

Over the weekend, Wynn flipped from bull to bear, opening a $111 million short on 1,038.7 BTC at $107,711.1—just hours after closing his jaw-dropping $1.25 billion long at a $13.4 million loss. The trade is live on Hyperliquid, running with 40x leverage and a liquidation price of $149,100.

At the time of writing, the short position is already in the green, up $544K in unrealized profits, according to Hyperdash data.

The timing? Interesting. It comes hot on the heels of President Trump’s 50% tariff proposal on the EU, which shook global markets and knocked Bitcoin off its recent ATH. Add to that some on-chain signals—like old BTC wallets (5-7 years dormant) suddenly waking up—and it paints a bearish picture that may be fueling Wynn’s conviction.

Wynn’s trades carry weight. Just a day before, his long exit of 11,588 BTC sparked a 1.3% drop on Hyperliquid, stirring fears of further downside.

Still, not everyone agrees. Fundstrat’s Tom Lee remains ultra bullish, still calling for $250K BTC by year-end.

With Bitcoin’s long/short ratio at 1.0375, Wynn’s monster short has flipped the vibe. Whether it’s genius or gamble, one thing’s certain: crypto is never boring.

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Trump’s 50% EU Tariff Shakes Crypto Market

Trump’s 50% EU Tarrif Plan Wipes $100B Off Crypto Market

The crypto world just got rocked—again. U.S. President Donald Trump’s shocking proposal to slap a 50% tariff on the European Union triggered a fast and furious market correction, wiping nearly $100 billion from the total crypto market cap.

Bitcoin (BTC), which recently flexed with an all-time high above $111K, dropped 3% within hours of Trump’s TruthSocial post. It’s now sitting around $108,530, with trading volume plunging 32% in 24 hours.

The ripple effect didn’t spare altcoins either. Major players like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all slipped between 2-4%. The CoinMarketCap 100 Index dropped 2.84%, marking one of the sharpest declines this month.

Traders got wrecked hard. Over $308 million in long positions were liquidated, and total liquidation—including shorts—hit a brutal $334 million in just four hours, according to Glassnode.

What Did Trump Say?

In a fiery post, Trump claimed the EU exists “to take advantage of the United States” through unfair trade practices. He called out their VAT taxes, trade barriers, and “ridiculous corporate penalties,” stating a 50% tariff would hit starting June 1, 2025—unless the goods are U.S.-made.

“There is no Tariff if the product is built or manufactured in the United States,” Trump said.

The crypto market reacted instantly—and violently. Global uncertainty? Check. Trader panic? Double check.

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Bitcoin Hits $112K: Bulls Charge Ahead

Bitcoin Breaks $112K: Bulls Are Back in Town

Bitcoin (BTC) just smashed through the $112,000 barrier, setting a fresh all-time high and sending the crypto community into a frenzy. The leading cryptocurrency is currently trading at $109,526, marking a significant milestone in its 2025 rally.

This surge isn’t just a fluke. Trading volumes have skyrocketed, reflecting heightened investor interest and bullish sentiment. Analysts point to a combination of institutional adoption, favorable macroeconomic factors, and increasing public interest as key drivers behind this momentum.

The recent price action has also led to a spike in open interest in Bitcoin futures, indicating that traders are betting on continued upward movement. However, some caution that such rapid gains could lead to short-term corrections.

Despite potential volatility, the overall outlook remains positive. With mainstream adoption on the rise and more financial instruments incorporating BTC, the path to $120K and beyond seems increasingly plausible.

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Trump’s EU Tariff Plan Wrecks Crypto: Bitcoin Dips to $108K, $100B Wiped Out

Trump Just Nuked the Crypto Vibe—Bitcoin Tanks

Y’all, the markets are spiraling and it’s all thanks to Trump’s latest TruthSocial mic drop. The U.S. prez wants a 50% tariff on the European Union starting June 1, 2025, and crypto bros are not vibing. The news hit like a brick—Bitcoin dropped 3%, sliding from a fresh ATH of $111K down to $108K. Ouch.

That’s not all—$100B just vanished from the crypto market like it never existed. Altcoins? All red. ETH, XRP, SOL, DOGE, ADA—everyone’s hurting, with dips up to 4%. The CoinMarketCap 100 Index? Down 2.84%. And trading volume? Cratered 32%.

Liquidations are going wild too. Over $308M in long positions got wiped out in just a few hours. Glassnode says total liquidations (long + short) hit $334M. That’s pure carnage.

Trump’s beef? He says the EU is exploiting the U.S. with trade barriers, taxes, and legal drama. He’s done playing nice. “No tariff if it’s made in the U.S.,” he posted. Cool cool.

But for crypto? This move might just be the start of a wild summer.

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Blackstone Just Bet $1M on Bitcoin — Here’s Why It Actually Matters

Blackstone Dips Into Bitcoin With $1M Bet on IBIT ETF

Blackstone just did something no one really expected — they finally pulled up to the Bitcoin party. In a fresh SEC filing from May 20, the $1.2 trillion asset giant revealed it’s holding over $1 million worth of BlackRock’s Bitcoin ETF, $IBIT.

Yeah, the same Blackstone that once side-eyed crypto is now holding 23,094 shares of IBIT, worth a cool $1.08M. That’s not all — they also grabbed $181K of ProShares’ BITO and even a tiny slice of Bitcoin Depot Inc. ($6.3K in BTM).

These buys were made through it’s Alternative Multi-Strategy Fund (BTMIX), which manages $2.63B. So sure, it’s a small allocation percentage-wise — but symbolically? Huge.

Back in 2019, CEO Stephen Schwarzman wasn’t exactly Bitcoin’s biggest fan. He leaned into central bank currencies and was hesitant about decentralized anything. But fast forward to 2025, and Blackstone’s positioning with BTC exposure screams “we’re watching now.”

This move follows a broader trend. BlackRock’s IBIT ETF has been printing green candles, pulling in inflows for 20 days straight since April 9 — totaling over $46.1 billion.

TL;DR: Blackstone’s not betting the farm on crypto yet, but they’re definitely not ignoring it anymore. And if one of the world’s biggest money machines is inching into Bitcoin, that could mean the floodgates are creaking open.

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CryptoRecap: Here’s What Just Went Down in the Crypto World Today

If you blinked, you probably missed something big. The CryptoRecap for today is packed, so let’s run through the top 5 moments you need to know:

Notcoin Smashes $2B Market Cap: The Telegram-based tap-to-earn project surged 46% today after listing on Binance. Yeah, from joke to juggernaut real quick.
Bitcoin Hits $67K — Then Tanks $2K in 30 Minutes: Whales dumped hard right after a bullish CPI report, and BTC took a nosedive. Welcome to crypto.
Metaplanet Buys More BTC: Japan’s Bitcoin bull added 1,004 BTC to its stash, crossing $800M in reserves. These guys are really on the Michael Saylor arc.
Shiba Inu Devs Tease Big Reveal: SHIB’s devs posted an X thread hinting at a “next-gen ecosystem update.” Token’s up 12% on pure vibes and mystery.

Arbitrum DAO Approves $200M Gaming Fund: The L2 chain is going all-in on Web3 games. Expect GameFi to heat up this summer.

Markets are moving, narratives are changing, and if you’re still waiting for signs — this is it. The CryptoRecap just dropped, and the space is alive and wild.CryptoRecap: Here’s What Just Went Down in the Crypto World Today

If you blinked, you probably missed something big. The CryptoRecap for today is packed, so let’s run through the top 5 moments you need to know:

Notcoin Smashes $2B Market Cap: The Telegram-based tap-to-earn project surged 46% today after listing on Binance. Yeah, from joke to juggernaut real quick.
Bitcoin Hits $67K — Then Tanks $2K in 30 Minutes: Whales dumped hard right after a bullish CPI report, and BTC took a nosedive. Welcome to crypto.
Metaplanet Buys More BTC: Japan’s Bitcoin bull added 1,004 BTC to its stash, crossing $800M in reserves. These guys are really on the Michael Saylor arc.
Shiba Inu Devs Tease Big Reveal: SHIB’s devs posted an X thread hinting at a “next-gen ecosystem update.” Token’s up 12% on pure vibes and mystery.
Arbitrum DAO Approves $200M Gaming Fund: The L2 chain is going all-in on Web3 games. Expect GameFi to heat up this summer.

Markets are moving, narratives are changing, and if you’re still waiting for signs — this is it. The CryptoRecap just dropped, and the space is alive and wild.

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Metaplanet: 1,004 Bitcoin Buy Pushes Reserves Past Amazing $800M Milestone

Metaplanet Just Dropped $104M on Bitcoin — And They’re Not Done Yet

The Metaplanet flex is getting real. The Tokyo-based company just went in hard again, copping another 1,004 BTC for a cool $104 million. That puts their total stash at 7,800 BTC — worth over $800 million — making them one of the biggest corporate Bitcoin holders on the planet.

Yeah, they’re not playing small. Metaplanet’s been in beast mode ever since April 2024 when they started stacking Bitcoin heavy, following Michael Saylor’s playbook. Now? They’re eyeing 10,000 BTC by the end of 2025 like it’s a done deal.

Their Q1 2025 earnings just dropped and they’re solid. Revenue hit JP¥877 million (about $6M), and they’re crediting a lot of that glow-up to their BTC moves. No surprise — they’ve made a 170% return on crypto investments so far. Imagine pulling that while the rest of the market’s still arguing about ETFs.

Even more wild? Metaplanet now holds more Bitcoin than El Salvador. Let that sink in.

And get this — they’re the only public company in Japan giving people actual legal exposure to Bitcoin. So yeah, they’re kind of a big deal right now in the crypto scene.

The company said it best: they’re not just setting goals — they’re crushing them on purpose. With the 10K BTC target in sight and numbers looking strong, the Metaplanet era might just be beginning.

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Bitcoin Hashrate Climbs, Miner Profits Surge as BTC Price Hits $102K

Bitcoin Mining Just Leveled Up — Hashrate Hits 885 EH/s & Profits Pop

The Bitcoin mining squad is thriving rn. JPMorgan just dropped a fresh report saying the network hashrate bumped up 2% in early May, clocking in at a crazy 885 EH/s (that’s exahashes per second for the nerds in the back). TL;DR? Mining got harder — but way more rewarding.

Why? Cuz BTC just shot up to a mind-blowing $102K+, giving miners a nice payday boost. Hashprice (aka how much you make mining each day) jumped 13% since April. JPM reckons miners are pocketing around $50,100 per EH/s in daily block rewards.

Meanwhile, U.S.-listed miners are holding the line strong, still repping 30.5% of the total network — that’s a slight 1.1% uptick from last month. And Wall Street’s vibing with the gains too. The total market cap of 13 tracked mining stocks spiked 24%, adding $4.6B to the pile.

Shoutout to Bitdeer (BTDR) for leading the pack with a 43% glow-up. Meanwhile, Greenidge (GREE) lagged behind with a 5% drop.

Moral of the story? BTC mining ain’t dead — it’s just getting started.

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