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Key takeaways:A successful Hyperliquid whale opened a $70 million short position, but data suggests this is a technical move.Rising oil prices and Fed liquidity injections could devalue US Treasuries, boosting Bitcoin as a scarce macro asset.Bitcoin below $80,000 as Hyperliquid whale flips bearish on cryptoBitcoin (BTC) failed to sustain bullish momentum on Wednesday, retreating below the psychological $80,000 level. Traders grew anxious as persistently high oil prices applied pressure to inflation and consumer spending. A Hyperliquid whale with $42 million in historical profits flipped bearish, leaving investors to question whether the recent rally is losing its foundation.Hyperliquid whale 0x8def…992dae profit/loss,…

In brief Bitcoin’s price recently fell short of topping its 200-day moving average, the average closing price over the period. The move mirrors its activity during 2022, which preceded a significant drop in the price. Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday. Bitcoin was unable to surpass its 200-day moving average price around $82,430, according to a report from analytics firm CryptoQuant, cutting short its so-called bear market rally and leaving it at a critical point ahead of its next move.  The rejection, though still 37% above its April…

Bitcoin (BTC) is trapped between two deep liquidation pockets, with stacked longs below $80,000 and dense short positions above $82,000. A decisive break could trigger a cascade and ignite the next major move. BTC trades near $80,107 after slipping 0.48% over the past 24 hours. Market structure has weakened with three consecutive lower highs, while volatility across multiple timeframes has compressed to historic lows. Liquidation Heatmap Shows BTC Caught Between Two Walls The 12-hour Bitcoin liquidation heatmap from CoinGlass shows BTC consolidating around $80,800 with two unusually dense leverage clusters bracketing the current price. Bright yellow bands sit just above…

Ripple and XRP are back in focus after Ripple CEO Brad Garlinghouse addressed what XRP holders could potentially expect if Ripple ever goes public. The discussion, highlighted by reporter James Dula following Garlinghouse’s appearance on the Crypto In America podcast with Eleanor Terrett, centers on a brief but impactful remark suggesting that XRP holders could see “something special” in the event of an IPO. Why Ripple IPO Talk Matters For XRP Holders The renewed attention is driven by Ripple’s unique position in the crypto market, where its business operations and XRP remain closely associated in public perception. While XRP is…

Cryptocurrency platform Paybis has received two licences from Latvia’s central bank, including one for crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (MiCA) and another for payment institution operations under Payment Services Directive 2 (PSD2).The licences were issued by the Supervision Committee of Latvijas Banka on May 12 to SIA Paybis Europe, the company’s EU entity, according to an announcement from the central bank. Paybis is the third company in Latvia to receive a MiCA CASP licence, the central bank said.The MiCA licence covers custody and administration of crypto assets on behalf of clients, exchange of crypto-assets for…

Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius, will likely turn over more than $1 million as part of a forfeiture order by US authorities ahead of his sentencing hearing.In a Tuesday court filing, US Attorney for the Southern District of New York Jay Clayton said that Cohen-Pavon had consented to a $1,070,000 judgment “representing the amount of proceeds traceable” to the former Celsius executive’s crimes. Clayton said that Cohen-Pavon would receive credit for any funds, in cash or crypto that he had on Celsius, paid as part of the platform’s bankruptcy case.Source: PACERCohen-Pavon pleaded…

WASHINGTON, May 13, 2026 /PRNewswire/ — RCB Fund Services LLC (“RCB”), the Claims Administrator for the AirBit Victim Fund (the “AVF”) on behalf of the United States Department of Justice (“DOJ”), today announced the opening of the petition submission process for victims of the AirBit Club fraud. AVF was established by the DOJ to compensate individuals who suffered financial losses as a result of a fraudulent scheme conducted at the AirBit Club. AVF is intended to provide compensation to victims who were induced to purchase AirBit Club memberships based on false representations, including promises of guaranteed daily returns purportedly generated through…

London, United Kingdom, May 13th, 2026, Chainwire Following the successful completion of its private testing phase, BASIS is now officially live, with the platform publicly accessible at basis.pro as the company moves to address what industry participants increasingly describe as a structural gap in digital asset infrastructure. The platform, developed with engineering support from Base58 Labs, has been tested under live market conditions with a select group of institutional participants. While reported metrics included sub-50 microsecond p99 execution latency, throughput exceeding 100,000 operations per second, and 100% uptime, the evaluation extended beyond peak performance benchmarks. Testing was designed to observe…

Zurich, Switzerland, May 12th, 2026, Chainwire The fintech project SNC Scandic Coin (SNC) was launched by the global Scandic Finance Group (SFG). In an interview with the Neue Zürcher Nachrichten, Uwe Sellmer, a specialist in the financial sector, explained how the SNC token differs from speculative cryptocurrencies: it will serve as a regulated payment, access and loyalty instrument integrated into the SFG Group’s services, rather than merely being an object of speculation. Specifically, users within the network can pay for media apps, private jet flights, yachts, cars, AI products and domains, amongst other things, and benefit from loyalty programmes. This…

Zug, Switzerland, May 12th, 2026, Chainwire Bitcoin Suisse (International) Ltd., an affiliate of the Bitcoin Suisse Group, has received a Class F license under Bermuda’s Digital Asset Business Act and Class B registration approval under the Investment Business Act from the Bermuda Monetary Authority, authorising regulated digital asset management and investment advisory services for professional and institutional clients. The Bitcoin Suisse Group today announced that its affiliate Bitcoin Suisse (International) Ltd. has obtained a Class F digital asset business license under Bermuda’s Digital Asset Business Act and Class B registration under the Investment Business Act 2003 from the Bermuda Monetary…