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Ethereum Whale Reopens $19.7M ETH Short After Earlier Crash Bet

Ethereum is facing renewed bearish pressure as a well-known “whale” wallet reappears after an extended silence and opens a highly leveraged position against ETH. On Friday, wallet 0xf83f...6728 initiated a 20x Ethereum short worth $19.72 million as Ether tested the $1,500 support area, according to Hyperbot . The trade was entered at an average price of roughly $1,565 . As of the time of writing, the position showed about $106,500 in unrealized gains while ETH traded around $1,550 . If Ether breaks down from its current pattern, the whale’s potential profit could expand significantly. Key takeaways A whale wallet ( 0xf83f...6728 ) opened a $19.72 million 20x short near $1,500 support. The short was entered around $1,565 , and the whale had roughly $106,500 in unrealized profit as ETH hovered near $1,550 . Traders are watching a potential bear-flag breakdown that could push ETH toward $1,375 , where the whale’s unrealized profit could reach about $2.39 million . A poten...
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Democratic Senators Urge Curtailing CFTC Funding for Prediction Markets

A group of 17 Democratic US senators has asked leadership of the Senate Appropriations Subcommittee on Financial Services and General Government to prevent the Commodity Futures Trading Commission (CFTC) from using federal funding to continue lawsuits targeting state regulators over prediction markets. The senators’ request centers on Chair Michael Selig’s litigation strategy, which asserts that the CFTC has “exclusive jurisdiction” over certain prediction market products. The letter—sent to the chair and ranking member of the appropriations subcommittee—frames the issue as a practical and compliance-relevant question of federal oversight, state consumer-protection authority, and how enforcement resources are deployed in parallel regulatory systems. Key takeaways 17 Democratic senators urged subcommittee leadership to block CFTC access to federal funds for litigation against state gaming authorities tied to prediction market enforcement. The senators contend that ongoing CFTC lawsu...
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Bitcoin Posts First Sub-$60K Daily Close Since Q3 2024 as Tech Slumps

Bitcoin hovered under a key psychological level on Friday as broader risk sentiment stayed fragile. After failing to sustain momentum above $60,000, BTC slipped again and, on daily charts, closed below the $60,000 mark for the first time since September 2024—an important technical shift that traders will likely treat as a level to defend if a recovery is to hold. Volatility in traditional markets added pressure. Asian equity markets recorded another session of heavy losses, particularly in technology stocks, while U.S. trading managed to avoid a broader contagion effect at the time of writing. Overlaying the price action, analysts pointed to macro drivers—especially the latest inflation reading—as well as a closely watched trend indicator: Bitcoin’s 200-week moving average. Key takeaways BTC closed below $60,000 on daily time frames for the first time since September 2024, putting renewed focus on the level as potential resistance. Technology-stock weakness in Asia extended into th...
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Hyperliquid Enters Singapore’s Investor Alert List

The Monetary Authority of Singapore (MAS) has added Hyperliquid to its Investor Alert List, flagging the decentralized perpetuals exchange as an entity that consumers may wrongly assume is licensed or regulated by the central bank. MAS says the latest entry, published on Friday, names both the Hyper Foundation website and the Hyperliquid trading app. The Investor Alert List is designed as a consumer protection tool rather than a ban or an announcement of enforcement action. Key takeaways MAS has included Hyperliquid on its Investor Alert List, associating the flag with the Hyper Foundation website and the Hyperliquid app. Being listed does not mean MAS has launched an enforcement action or imposed a prohibition. MAS’s move follows other crypto platform additions earlier in 2025, including Bybit (June 17) and listings that also include KuCoin and Bitget. Singapore continues tightening oversight, emphasizing consumer protection and alignment with global anti–money laundering and ...
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Framework Ventures Raises $400M to Expand Investments Beyond Crypto: Report

Framework Ventures, a San Francisco-based venture capital firm backed by crypto operators, has closed its fourth fund after raising $400 million for investments in “frontier technology.” The new pool will support not only digital-asset projects, but also emerging areas such as artificial intelligence, robotics, and energy, Fortune reported on Friday. According to Fortune, co-founders Vance Spencer and Michael Anderson said roughly half of the committed capital has already been deployed. The firm did not disclose its limited partners, and Cointelegraph did not receive a response when it sought additional details about the latest fund. Key takeaways Framework Ventures closed a $400 million fourth fund focused on “frontier technology,” spanning crypto and other emerging sectors. About half of the fund has already been deployed , though the firm did not name its limited partners. The shift is framed as complementary rather than a break from crypto , with Anderson pointing to alignme...
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Singapore Adds Hyperliquid to Investor Alert List Over Licensing

The Monetary Authority of Singapore (MAS) has added Hyperliquid—an exchange platform focused on perpetual trading—to its Investor Alert List, a consumer-protection tool used to flag entities that the public may mistakenly perceive as being licensed or authorized by the regulator. MAS stated that the new entry covers the Hyper Foundation website and the Hyperliquid trading app. MAS previously expanded the same alert list to other crypto trading platforms, underscoring Singapore’s approach to reducing regulatory confusion and strengthening investor safeguards. Key takeaways MAS added Hyperliquid and the related Hyper Foundation website/app to the Investor Alert List as a potential source of public misunderstanding about regulatory status. Inclusion on the Investor Alert List is not a ban and does not, by itself, indicate an enforcement action by MAS. MAS has recently tightened oversight of crypto firms that serve overseas customers, emphasizing licensing requirements and AML/CFT al...
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Australian Regulator Extends No-Action Period for Crypto Licenses

Australia’s corporate regulator has extended a key compliance transition for digital asset businesses, giving firms more time to apply for licenses under updated guidance. The Australian Securities and Investments Commission (ASIC) said the temporary “no-action” position against enforcement will last until September 30, 2026 , after being pushed back from an earlier June 30, 2026 deadline. The extension covers companies seeking an Australian Financial Services (AFS) license , as well as digital asset firms that may require market or clearing and settlement authorizations . ASIC also broadened the relief to include businesses that operate through authorized representatives or via intermediary arrangements with already licensed entities. Key takeaways ASIC extended its digital asset no-action protection to September 30, 2026 for firms applying under updated licensing guidance. The relief applies not only to AFS license applicants, but also to companies that may need market and ...
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