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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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Solana Nears $200 Amid R3 Partnership and Bank Adoption

Solana Rockets Toward $200 as Institutional Interest Grows

Solana (SOL) is making waves, climbing to a three-month high of $186.92 after announcing a strategic partnership with enterprise blockchain firm R3. This collaboration aims to enhance blockchain solutions for financial institutions, a move that’s catching the eye of major banks.

The buzz doesn’t stop there. The launch of Solaxy ($SOLX), Solana’s first Layer 2 solution, has further fueled investor enthusiasm. With a $50 million raise underway and only 24 days left, the project is generating significant FOMO among crypto enthusiasts.

Analysts are optimistic, citing Solana’s robust on-chain metrics and growing institutional adoption as key drivers for its bullish trajectory. The network’s scalability and low transaction costs make it an attractive option for developers and investors alike.

As SOL continues its upward momentum, breaking the $200 barrier seems within reach. With strong fundamentals and increasing mainstream interest, SOL is positioning itself as a formidable player in the crypto space.

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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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Ethereum Eyes $3K as Bullish Momentum Builds

Ethereum Nears $3K: Bulls Take the Wheel

Ethereum (ETH) is flexing its muscles, climbing 4.5% in the past 24 hours to trade at $2,660.19. With a daily high of $2,680.18 and a low of $2,473.76, ETH is inching closer to the coveted $3,000 mark.

Analysts are buzzing about a bullish flag pattern forming on the daily chart, suggesting a potential breakout. If ETH can reclaim the $3,600 level, we might witness a significant surge, reminiscent of previous 90% gains when similar patterns emerged.

Investor sentiment is on the rise, fueled by Ethereum’s consistent performance and the broader crypto market’s upward trajectory. The recent uptick in ETH’s price is also attracting institutional interest, adding more fuel to the fire.

As Ethereum continues its upward journey, all eyes are on the $3,000 resistance level. Breaking through could set the stage for new all-time highs, making ETH a hot topic in crypto circles.

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Amalgam Scandal: $1M Crypto Fraud Unveiled, Founder Faces 82 Years

Amalgam Founder Exposed in $1M Crypto Scam

The founder of Amalgam just got smoked by the feds. Jeremy Jordan-Jones is now facing major legal heat after allegedly scamming investors out of over $1 million through fake crypto dreams and made-up partnerships.

He told people Amalgam was building next-gen blockchain point-of-sale systems. Sounded legit — until prosecutors dropped the receipts. Turns out Jordan-Jones faked collabs with the Golden State Warriors, a Premier League soccer team, and even a massive restaurant chain with 500+ locations. None of it was real.

Instead of building tech, he was balling in Miami — spending investor cash on high-end hotels, fancy cars, and designer fits. One major VC, Brown Venture Group, was told the funds would get Amalgam’s token listed on an exchange. Spoiler: it didn’t.

The U.S. Attorney didn’t hold back, calling the whole thing “brazen” and warning future scammers that their time is coming. It gets worse: Jordan-Jones also allegedly used fake docs to get a business credit card, then racked up $350K before the bank pulled the plug.

Now he’s facing charges for wire fraud, securities fraud, lying to banks, and aggravated identity theft. If convicted, dude could be locked up for 82 years.

It’s another cautionary tale in crypto — when the founder’s flexing more than coding, that’s your red flag.

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Insane !5 Reasons Why Trump’s Memecoin Dinner Sparks Outrage in D.C.

Trump’s Crypto Dinner for Memecoin Moguls Sparks Washington Firestorm

As Donald hosts a high-stakes dinner for over 200 of his top memecoin investors — including controversial crypto mogul Justin Sun — lawmakers and activists across Washington are sounding alarms.

Held at the Trump National Golf Club near D.C., the event offers premium access to the former president in exchange for multimillion-dollar coin buys. While guests dine, protesters and political opponents plan a full day of demonstrations, from the Capitol to the golf club gates.

Leading the charge is Rep. Maxine Waters, who decried the dinner as “an abuse of presidential influence for personal gain.” Waters will unveil a bill to block presidents and their families from launching or promoting crypto tokens while in office — part of a broader push to clamp down on perceived “crypto corruption.”

Meanwhile, Senators Warren, Murphy, and Merkley will host a press conference introducing the MEME Act, designed to prevent federal officials from profiting off digital assets during their tenure.

Despite Trump officials denying wrongdoing and defending their right to participate in markets, critics say this sets a dangerous precedent for pay-to-play politics in the crypto era.

As the stablecoin regulatory bill inches forward in the Senate, this showdown shows the digital asset space is now deeply entangled with the 2024 election fight — and the battle is just beginning.

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Solana Soars 5.7% as Staking Market Cap Overtakes Ethereum

Solana Surpasses Ethereum in Staking Market Cap Amid Price Surge

Solana (SOL) is making waves in the crypto world, recently surpassing Ethereum in staking market capitalization. According to Nansen CEO Alex Svanevik, SOL’s staking market cap reached $53.96 billion, edging out Ethereum’s $53.77 billion .

This milestone coincides with a notable price increase. As of May 22, 2025, SOL is trading at $178.18, up 5.7% in the past 24 hours .

The surge is attributed to SOL’s efficient network and growing adoption in decentralized applications. Analysts suggest that this momentum could position SOL as a formidable competitor to Ethereum in the long run.

Investors are keeping a close eye on Solana’s performance, especially with its recent achievements in staking and price appreciation. The crypto community is abuzz with discussions about SOL’s potential to reshape the decentralized finance landscape.

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