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Share link:In this post: GameStop raised an extra $450 million, bringing its total to $2.7 billion through convertible notes. The company is using the funds to buy Bitcoin and support general operations. GameStop’s revenue fell 17% in Q1 as it shifted focus to crypto and trading cards.
Share link:In this post: Silo Finance confirms $545K loss from a smart contract exploit tied to a test leverage feature, with core contracts unaffected. SILO token drops over 11% as investors react; RSI falls below 36, indicating oversold conditions amid heightened trading activity. On the same day, Cork Protocol’s May attacker moves $11M in ETH through Tornado Cash and donates 10 ETH to Tornado Cash’s legal fund.
Share link:In this post: Anthony Pompliano announced today that ProCap BTC, LLC, has purchased another 1208 Bitcoins, accumulating a total of 4932 Bitcoins. The time-weighted average price (TWAP) for the Day 2 purchase was $105,977 per Bitcoin. The company aims to accumulate $1 billion worth of Bitcoin in partnership with Columbus Circle Capital Corp. I (CCCM).
Share link:In this post: China’s largest EV maker, BYD, trims factory shifts amid slow sales. Inventory reportedly piles up despite steep discounts. Dealers are calling for balanced production targets in the EV market.
Share link:In this post: The EU plans to let stablecoins from outside the bloc be treated the same as those made inside, aiming to close a legal gap. The ECB warns this could risk bank stability if too many people rush to cash out, especially during market stress. EU and the ECB are divided, with the commission downplaying the risks and the ECB calling for stronger international safeguards.
Share link:In this post: Trump is pushing the Senate to pass his tax bill this week to make his first-term tax cuts permanent. The US current account deficit hit $450.2 billion in Q1 2025, the highest since 2006. The White House claims the bill will reduce debt by up to $11.2 trillion by 2034.
Share link:In this post: zkLend announced it is winding down after a serious exploit led to eventual token delistings on major CEXs. The February hack drained about $9.5 million via smart-contract vulnerabilities, with the hacker allegedly losing $5.4 million of the loot to a phishing scam. The team will allocate the remaining $200,000 in its treasury to the recovery fund; the codebase is to be open-sourced.
- 15:02Analyst: Bitcoin Nears New Highs but Traders Remain Bearish, Surge in Short Positions May Trigger Potential Short SqueezeAccording to ChainCatcher, Coindesk analyst Oliver Knight stated that although Bitcoin's trading price has surpassed $110,000 and is approaching its all-time high, traders are still exhibiting bearish sentiment. The long-short ratio has dropped significantly, falling from 1.223 (bullish dominance) to 0.858 (bearish dominance). Data shows that short open interest has risen from $32 billion to $35 billion, indicating an increase in capital flowing into bearish positions and reflecting a lack of confidence in Bitcoin's continued rally. Currently, Bitcoin remains volatile within the $100,000 to $110,000 range. Technical indicators such as the RSI are showing bearish divergence, and traders are employing short-term strategies to arbitrage within this range. With the increase in short positions, there is also a potential bullish scenario in the market: a short squeeze. If Bitcoin breaks through its all-time high, triggering forced liquidations and stop-loss levels for shorts, it could rapidly drive up buying pressure and push the price even higher.
- 14:43"Insider Whale" Forced to Liquidate 1,111.7 ETH and 37.96 BTC Again 50 Minutes AgoOdaily Planet Daily News: According to on-chain analyst Ai Yi, the "insider trader" was forced to close out 1,111.70 ETH and 37.96 BTC positions 50 minutes ago, incurring a loss of $330,000. The cumulative loss over the past month has now increased to $15.645 million. The current positions held by this whale are as follows:BTC 40x short: holding 151.84 BTC, valued at $16.68 million, with an entry price of $106,697.3;ETH 25x short: holding 4,446.81 ETH, valued at $11.56 million, with an entry price of $2,452.03.
- 14:35Sentora: 99% of BTC Holders Are Currently in ProfitOdaily Planet Daily reported that Sentora stated in an article that as the price of Bitcoin gradually approaches its all-time high, 99% of holders are currently in a profitable position.