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A whale has opened a 10x leveraged short position of 300,000 HYPE, valued at $13.2 million, on Hyperliquid, ai_9684xtpa reported. The position's average entry price is $43.3, and it is currently showing an unrealized loss of around $187,000.

Real-world asset (RWA) tokenization platform MSX announced it will begin subscriptions today for its second pre-IPO project, featuring AI firm Anthropic and prediction market platform Polymarket. The subscription price for early participants is 855 USDT for Anthropic, based on a $950 billion valuation, and 152 USDT for Polymarket, based on a $15 billion valuation. Further details, including the subscription schedule, limits, fees, and settlement mechanisms, are set to be announced through the MSX platform. The platform's first pre-IPO project, AI semiconductor firm Cerebras Systems, previously generated a 300% return from its pre-IPO to IPO trading.

Bitcoin fell to as low as $78,600 amid a surge in U.S. Treasury yields and renewed concerns about inflation, CoinDesk reported. The outlet noted that while BTC had climbed to $82,000 on May 13 after the U.S. Senate Banking Committee passed the CLARITY Act, it has since reversed course to trade around $79,000. This downturn has affected not only crypto but also U.S. stocks and gold, with the Nasdaq 100 and S&P 500 opening down 1.7% and 1.2%, respectively, and gold prices falling 2.5%. In contrast, international oil prices continued to rise, with WTI futures surpassing $100 per barrel. The market analysis suggests that rising energy prices and a potential re-acceleration of inflation are fueling concerns that major central banks may resume monetary tightening. The U.S. 10-year Treasury yield rose to 4.58%, a one-year high, while the UK 10-year gilt yield surged to 5.2%, its highest level since 2008. Meanwhile, according to the CME FedWatch Tool, the market is now pricing in a roughly 50% chance of at least one more interest rate hike this year, with the possibility of a rate cut having virtually disappeared.

Major exchanges have seen $123 million worth of futures liquidated in the past hour. In the past 24 hours, $520 million worth of futures have been liquidated.

GameSquare (ticker: GAME), a Nasdaq-listed media and entertainment company, announced that it held 15,502 ETH as of the first quarter of this year. The company added that it also holds $1.6 million worth of other altcoins.

Kraken's parent company, Payward, plans to lay off 150 employees ahead of its initial public offering (IPO), CoinDesk reported. Payward explained that the decision was made to improve organizational efficiency. Kraken's current workforce is reported to be 3,000. The company filed for an IPO with the U.S. Securities and Exchange Commission (SEC) last November.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,988.21 on the Binance USDT market.

Major exchanges have seen $114 million worth of futures liquidated in the past hour. In the past 24 hours, $426 million worth of futures have been liquidated.

The three major U.S. stock indices opened lower today. - S&P 500: -0.99% - Nasdaq: -1.39% - Dow Jones: -0.77%

If Bitcoin maintains $60,000 as its cycle low, the current downturn will mark the shallowest bear market in its history, according to an analysis by Unfolded. The firm added that while the current downturn has sparked fear, it has seen limited panic selling compared to previous market bottoms.

The 21Shares Hyperliquid (HYPE) ETF (THYP) recorded a net inflow of $4.9 million on May 14, The Block reported. Trading volume for the day also reached $8.1 million. Michael Friedman, head of capital markets at 21Shares, explained that the inflow appears to have increased after Coinbase was designated as Hyperliquid's USDC treasury partner.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,928.01 on the Binance USDT market.

A memecoin using the name of Chinese entrepreneur Luo Yonghao has been blocked from search results in Binance Wallet after he protested to Binance founder Changpeng Zhao, BlockBeats reported. Luo had previously stated on social media that a cryptocurrency using his name and profile picture was being traded on the Binance platform. He called for the token to be delisted or for a formal reporting mechanism to be established to prevent user harm. The token is now no longer discoverable through the search function in Binance Wallet.

The odds of a U.S. Federal Reserve rate hike by January 2027 have surpassed 50% in the interest rate futures market, according to data from Kalshi, Walter Bloomberg reported via X. He explained that the outlook for a rate hike, which was previously near zero, has expanded rapidly and is beginning to reflect the possibility of a resumption of monetary tightening within 2026. The market is currently pricing in an approximately 34% chance of an additional rate hike before 2027.

CME Group and the New York Stock Exchange (NYSE) have urged for regulation of Hyperliquid (HYPE), citing concerns that the platform could be exploited for market manipulation and sanctions evasion, Bloomberg reported.

Neobank Revolut, which provides cryptocurrency and crypto-related stock investment services, has secured additional license approval from the UK's Financial Conduct Authority (FCA) to expand its investment and wealth management offerings, Crowdfund Insider reported. The new license allows Revolut to directly manage customer asset portfolios and conduct proprietary trading in certain transactions. The company stated it plans to launch leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth individuals in the UK market.

Strategy announced it has entered into agreements with certain investors to repurchase approximately $1.5 billion of its 0% convertible senior notes due 2029. The company stated the expected cash purchase price is about $1.38 billion, which will be funded using existing cash reserves, its at-the-market equity offering program, and proceeds from Bitcoin sales. Strategy anticipates the transaction will close on or around May 19. Following the repurchase, the notes will be retired, leaving an outstanding principal amount of about $1.5 billion for the 2029 notes.

U.S. President Donald Trump has suggested he could meet with Chinese President Xi Jinping up to four times this year, Walter Bloomberg reported. Trump said potential meetings could occur at the G20 summit in Miami and the APEC summit in Shenzhen, China. He also raised the possibility of a visit by Xi to the U.S. in September. However, Xi's attendance at these events is not yet confirmed.

AI trading lab Nof1 has raised $15 million in a funding round led by Nasdaq-listed Sui Group (SUIG) and London-based hedge fund Carthage, CoinDesk reported. Nof1 is developing Alpha Arena, a platform that allows AI models from OpenAI, Anthropic, and Google to compete using real funds. Meanwhile, Sui Group is focused on attracting institutional investment to the SUI blockchain ecosystem.

Myanmar's military junta has proposed an 'Online Fraud Prevention Bill' that would impose life imprisonment for cryptocurrency fraud, The Block reported, citing CNA. The bill also includes provisions for the death penalty in cases involving assault, confinement, or torture to compel fraudulent activities. The move comes amid growing international concern over organized online and crypto investment fraud syndicates operating in Myanmar's conflict zones. Last year, the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctioned several organizations in Myanmar and Cambodia for their involvement in crypto investment scams and forced labor.

Concerns are growing over a potential further decline in the crypto market as Bitcoin has failed to turn the $82,000 resistance level into support. According to Cointelegraph, prominent Bitcoin trader JDK noted that BTC remains within a trading range and has failed to break through key upper resistance. Trader CGT echoed this sentiment, predicting a high probability that Bitcoin will break below its previous rebound support level. While some analysts have warned that BTC could be entering a new downtrend, other market participants believe there is still potential for a rally, following the upward trend in the U.S. stock market. Meanwhile, amid the recent range-bound trading, approximately $330 million in long and short positions have been liquidated across the crypto market in the past 24 hours.

South Korean crypto exchange Upbit announced it is delaying the listing of Iris (IRYS). The start of trading, originally scheduled for 11:00 a.m. UTC today, has been postponed to 11:30 a.m. UTC.

U.S. President Donald Trump stated that he has achieved a complete victory in military operations against Iran.

South Korean crypto exchange Coinone has issued an investor warning for THORChain (RUNE), stating that it has confirmed evidence of a security incident involving the project.