Bitcoin's price rally forced a high-stakes trader to liquidate a $1 billion short bet.

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	Forwarded this email? Subscribe here for more Bitcoin price rebound to $110,000 wipes out a $1 billion short on Hyperliquid Bitcoin's price rally forced a high-stakes trader to liquidate a $1 billion short bet. CryptoSlate May 26   READ IN APP   Happy Monday! Crypto markets are buzzing as Bitcoin's surge to $110,000 triggers a dramatic $1 billion short liquidation on Hyperliquid, underscoring renewed bullish momentum. Meanwhile, Tether charts a new course for U.S. users with a separate stablecoin, even as its CEO reaffirms USDT's mission for the unbanked abroad. And as Sweden and Norway revisit the role of cash, Vitalik Buterin spotlights Ethereum as a resilient digital payments backbone. Dive into today's top stories driving the transformation of the crypto landscape. Ad: Make the most of your crypto Start earning up to 14% interest, paid daily. Keep full access to your assets while they grow in your Savings Wallet. Start earning 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.45 trillion, with a 24-hour volume of $103.22 billion. The price of Bitcoin is $110,037.41, and BTC market dominance is 63.4%. The price of Ethereum is $2,563.76, and ETH market dominance is 9.0%. The best-performing sector is Virtuals, which gained 19%. The Crypto Fear & Greed Index is currently Greed (73). Bitcoin price rebound to $110,000 wipes out a $1 billion short on Hyperliquid Bitcoin's price rally forced a high-stakes trader to liquidate a $1 billion short bet. 📰 Top News Tether to issue separate stablecoin for U.S. despite ‘getting comfortable’ with the Genius Act, CEO says Tether's CEO said USDT will remain focused on the unbanked outside U.S. while the separate stablecoin will serve the U.S. market. Vitalik suggests Ethereum as a secure digital payment backup as Sweden and Norway shift back to cash As Sweden and Norway rethink their stance on cash, Buterin sees an opportunity for Ethereum. Dubai chooses XRP Ledger to power new real estate tokenization initative Over 3,000 investors have reportedly showed interest as Dubai aims for $16 billion in tokenized real estate by 2033. 📈 Latest Insights Strategy acquires another 4,020 BTC following Bitcoin’s new ATH 🗞️ More News Understanding Bitcoin yield: staking, liquid staking tokens and vaulted strategies Talking beers, bars, and $80 million losses with SportFi pioneer Chiliz’s Max Rabinovitch OpenAI’s o3 model defied shutdown commands in autonomy test Pakistan to allocate 2,000 MW for Bitcoin mining and AI data centers 📖 Latest Market Report This high beta Bitcoin proxy sector is lagging behind BTC price 2025 CryptoSlate's latest report dives deep into the performance of Bitcoin prxy stocks to analyze how their performance fares in comparison to Bitcoin's spot price, direct exposure products like ETFs, and indirect vehicles like MSTR. Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2025 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe