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Quantum computing is no longer just theory – it’s edging closer to reality. The crypto world is now buzzing with warnings about how this powerful new tech could one day crack the encryption behind Bitcoin and other blockchains.

Experts call it ‘Q-Day’ – the moment when quantum machines become capable of breaking classical cryptography.

While quantum computing and the ability to break cryptography aren’t here yet, recent developments are forcing the crypto community to ask some tough questions. How do we future-proof our digital assets? Can the security we rely on today survive the next wave of innovation?

At the same time, projections show the quantum tech industry could reach $93B in revenue by 2040. That kind of growth points to serious momentum.

Pair that with the rise of tools for offline Bitcoin transfers, and it’s obvious: crypto is evolving fast. Security and privacy are now top priorities for users who want to stay ahead of the curve. Best Wallet Token ($BEST), one of the best altcoins right now, is making waves in this context.

Read on to learn how quantum computing benefits privacy altcoins like Best Wallet Token.

Why Is Everyone Talking About Quantum?

The excitement – and fear – around quantum computing is grounded in how it fundamentally changes data processing.

Unlike traditional computers, which process information as bits (ones and zeroes), quantum computers use qubits.

These qubits can exist in multiple states simultaneously, allowing quantum computers to accomplish specific tasks, like factoring very large numbers, at speeds previously thought impossible.

This matters because modern cryptography, including the encryption that secures Bitcoin and Ethereum, is based on encryption that would take classical computers thousands of years to solve. But quantum computers? They could potentially do it in hours.

That’s what ‘Q-Day’ refers to – the theoretical point in time when quantum computing becomes powerful enough to break public-key cryptography.

While we’re not there yet, the warning signs are flashing. Major players like Google and IBM are actively investing in quantum research. Governments are pouring billions into quantum development. And the potential fallout for crypto security is real.

To make matters more pressing, tools like Darkwire are now enabling Bitcoin transfers without internet access.

Using LoRa radio, it relays transactions across offline nodes until reaching a connected exit point. Built for disaster zones and censorship resistance, it shows how crypto is adapting to extreme threats, but also new opportunities.

Enter Best Wallet Token ($BEST) – Privacy Without the Paranoia

Best Wallet Token ($BEST) isn’t just another token in a crowded space. It’s the driving force behind a bold new ecosystem that’s shaking up how users store, send, and stake their crypto.

Designed to challenge outdated players like MetaMask, Best Wallet combines sleek design with advanced functionality. It’s the gateway to a secure, seamless, and modern crypto experience, and the $BEST token is the key that unlocks it all.

By buying and holding $BEST, you get reduced transaction fees, early access to new crypto project launches, and higher staking rewards within the app.

Most importantly, Best Wallet places a strong focus on security. The app is built on Fireblocks’ cutting-edge MPC-CMP technology, offering robust protection without sacrificing speed or usability.

Thanks to its Multi-Party Computation (MPC) implementation, Best Wallet keeps your crypto safe against potential data vulnerabilities.

Your private key, the gateway to your crypto, is split across your device and an external server. Because of this, nobody can access your full key, rendering your wallet virtually unhackable even in the case of a breach.

And features like the app’s Upcoming Tokens allow users to safely buy into vetted crypto presales directly from the app – no scammy websites, no rug pull roulette.

Even the presale of $BEST itself started inside the Best Wallet app, rewarding early adopters and adding a layer of exclusivity.

It’s the kind of ecosystem that doesn’t just look toward the future of crypto – it’s already building it.

Why Buying $BEST Now Could Be a Power Move

Currently priced at just $0.025085 and with over $12.7M already raised during presale, $BEST is gathering serious momentum.

But this price won’t last. As presale stages progress, prices are bound to rise. With long-term forecasts predicting $BEST could hit $0.072 by the end of 2025 (a +187% increase from today’s price), the upside is clear.

Let’s break it down. If you were to buy $1K worth of $BEST today at $0.025, you’d get 39,866 tokens. $BEST’s staking options currently offer competitive APY – let’s assume a modest 15% over one year. That brings your token count to around 45,846.

Now, even if $BEST only hits a lower estimated price, like $0.24 (according to our 2026 forecast), your total investment could one day be worth roughly $11K – a potential 10x return. If it climbs to $0.62? That’s a potential ROI of over $28K.

Timing matters, though. With growing user adoption, a fast-moving roadmap, and a clear market fit, buying $BEST today looks like a smart move for anyone who cares about privacy, profit, and the future of crypto.

Brace for the Quantum Future

No one knows exactly when Q-Day will arrive, but the smart money isn’t waiting.

As the conversation around quantum computing and blockchain security heats up, new crypto projects focused on privacy, like Best Wallet Token, are carving out their space in the new world order.

Want to stay ahead of the curve? You might want to start with a wallet that’s built for it.

Remember that all crypto investments carry risk. Always do your own research (DYOR) before investing. This article is not meant as financial advice.

Paris-based Blockchain Group stole the show recently by planning to expand its Bitcoin reserves to 1,437 $BTC. The acquisition comes after a bond sale of over $72M, 95% of which will be used to acquire approximately 658 $BTC at the current price of $109K.

If the investment goes through, Blockchain Group would rank 15th on the list of companies with the most $BTC holdings, right behind NEXON’s 1,717 Bitcoin holdings and in front of Semler Scientific’s 1,273 holdings.

At the same time, Pakistan is intensifying its crypto mining efforts through a bigger and better electrical grid. The country also hired World Liberty Financial’s crypto advisor for guidance on key decisions.

So, if you were looking for 3 cryptos to 100x as France and Pakistan embrace crypto, this is the time to get your wallet ready.

France and Pakistan Join the Global Adoption Wave and Prove the Crypto Narrative

While France is making steady progress in its crypto race, Pakistan is another forefront runner, as it just announced the appointment of World Liberty Financial advisor Bilal Bin Saqib as Special Assistant in crypto-related affairs.

Saqib is a Blockchain Advisor and crypto expert featured in Forbes as one of the most influential 30 entrepreneurs under 30, which makes his expertise invaluable to Pakistan.

This comes in parallel with Pakistan’s efforts to expand its electrical grid to accommodate its growing Bitcoin mining ecosystem.

The 2,000 Megawatt surplus will support the country’s mining operations and fuel its AI developmental center as part of Pakistan’s digital transformation efforts.

These two announcements come just over a month after Pakistan’s newly formed Crypto Council appointed Binance’s co-founder, Chanpeng ‘CZ’ Zhao, as external crypto advisor.

Pakistan’s shift to crypto isn’t isolated. According to Chainalysis, Pakistan ranks 9th in the world in terms of crypto adoption, after countries like the US, India, Ukraine, and Nigeria.

Crypto Efforts Are Making a Splash Worldwide: What’s In Store Next?

This comes in the context of Central & Southern Asia and Oceania (CSAO) leading the global race to crypto adoption in 2024, with 7 countries in the top 20 in the world.

This positions CSAO behind North America and Western Europe with over $750B in crypto asset inflows, accounting for 16.6% of the global value.

At this point, it’s safe to say we’re seeing a pattern—growing Bitcoin adoption no longer comes in waves, but rather a continuous stream.

Michael Saylor’s Strategy just acquired an additional batch of 7,390 $BTC (worth roughly $764M), and leads the pack with the largest Bitcoin reserve today, at exactly 580,250 tokens. Only Satoshi Nakamoto has more, with around 1M coins, worth over $109B at the current price.

And this is just the tip of the iceberg, as the number of cryptocurrency owners worldwide currently stands at over 560M, according to a Triple-A report.

In this context, we should expect the crypto market to reach new heights, with upcoming meme coins hitting the charts hard.

Some of the best crypto projects to invest in today are Solaxy ($SOLX) and BTC Bull Token ($BTCBULL). But these aren’t the only ones that promise to make waves, when considering the influx of good news that may rally the whole crypto market.

1. Solaxy ($SOLX) – Solana’s Upcoming Layer 2 Upgrade Promises Faster Transactions and Lower Fees

Solaxy ($SOLX) is Solana’s Layer 2 upgrade that comes with significant improvements to Solana’s functionality and ecosystem stability. Among these is the promise of faster transactions and lower blockchain fees.

Solana has long struggled with problems like downtime during network congestion hours and slow ( or even failed) transactions.

Solaxy’s off-chain execution and parallel processing promise to solve that, offering ultra-low latency, speed, and infinite scalability.

The presale has accumulated an impressive $41M so far, with a token price of $0.001736, and the future looks promising.

Thanks to Solaxy’s utility and potential, our analysts predict a fiery 2025–2030 era, with a projected ROI of 11,420% by the end of 2026 if the token’s price reaches $0.2. This means that, for a $100 investment, you could get back around $11,520 in less than a year, if the prediction holds true.

The project is in its last presale phase, set to launch on DEXs in just over 20 days. So, this is one of the last chances to buy Solaxy and diversify your portfolio.

2. BTC Bull Token ($BTCBULL) – Bitcoin’s Official Meme Coin Offering $BTC Airdrops

BTC Bull Token ($BTCBULL) offers you $BTC airdrops if you keep your tokens in Best Wallet. The airdrop system is linked to Bitcoin’s chart performance, with airdrop events scheduled at key $BTC price points ($150K and $ 200K).

The project relies on the idea that Bitcoin will eventually reach and exceed $1M. With that in mind, the BTC Bull Team tries to rally the Bitcoin community and attract investors to the BTC Bull Token herd along the way.

The presale is pushing to new heights with over $6.4M accumulated in the four months since it started, on February 10, 2025. You can grab your $BTCBULLs right now for the FOMO-glazed price of $0.002535 per token.

If things move in the same direction, our analysts predict that $BTCBULL could reach a price point of $0.006467 by the end of 2025. This means buying Bitcoin Bull Token now would bring you an ROI of 155% if you invest at today’s price.

Keep the momentum going, and $BTCBULL could be worth as high as $0.0497 by the end of 2030, for a return of 1,864%.

3. PancakeSwap ($CAKE) – One of the Most Popular DEXs with 9+ Chains and Fees as Low as 0.01%

PancakeSwap ($CAKE) is currently one of the most popular DEX exchanges in the world, with over 9 chains and fees as low as 0.01%.

The platform features over 4.4M active users and over 140M trades over the last 30 days, and $2.2B value locked.

$CAKE is booming on CoinMarketCap with a boost of 25% over the past 7 days, and it doesn’t seem to slow down. With a market cap of over $917M, over 2M HODLERS, and a token price of $2.85, currently going up, investing seems the only reasonable choice.

For an even clearer context, the token’s pump started today, and it’s currently almost vertical, so you may want to tune in before it deflates.

Will Bitcoin’s Bull Ride Ever End?

Given the current global context, it doesn’t seem like Bitcoin’s bull run will end anytime soon.

We may even see a complete shift in Bitcoin’s behavior, as mass adoption and increased investor trust may eliminate bull runs completely; instead, we may get a bull marathon with no end in sight.

In preparation for that, don’t forget to diversify your portfolio with upcoming hot tokens like Solaxy ($SOLX) and BTC Bull Token ($BTCBULL).

As always, don’t take this as financial advice. DYOR (Do Your Own Research) and invest wisely.

When Michael Saylor stepped onto a side-stage at the Bitcoin 2025 conference on May 26, the audience expected the usual boosterism from the man who has converted a software company into a de-facto Bitcoin holding vehicle. Instead they received a meticulous, almost scathing deconstruction of the industry’s favorite transparency meme: on-chain proof-of-reserves.

Why A Bitcoin Proof Of Reserves Is A Bad Idea

The spark came from Blockware Solutions head analyst Mitchell Askew. Identifying himself as “a huge fan of everything you’ve done,” Askew asked whether Strategy planned to publish on-chain addresses so that outsiders could verify its multibillion-dollar hoard. Saylor did not hedge.

“Yeah, proof-of-reserves. It’s an interesting thing,” he began. “People learn stuff from FTX and Mt. Gox, but I’m not sure they learn the things that the institutional community needs to learn going forward.” His contention is two-pronged: first, today’s PoR implementations are positively dangerous; second, even a “perfect” PoR would be insufficient because it omits liabilities—the other half of solvency.

Saylor’s rhetorical opener was vivid. Publishing institutional wallets, he said, resembles “publishing the address and the bank accounts of all your kids and the phone numbers of all your kids and then thinking somehow that makes your family better.” What many retail users praise as radical transparency is, for him, an “attack vector for hackers, nation-state actors, every type of troll imaginable.”

He invited the audience to run a thought experiment with generative AI: “Go to the AI, put it in deep-think mode, and then ask it what are the security problems of publishing your wallet… It will write you a book. It will be fifty pages of security problems.”

The issue is structural, Saylor argued. Once a public entity doxes its cold storage, every subsequent movement of coins becomes visible, allowing adversaries to deduce treasury timing or exploit change-address heuristics. “The current conventional, insecure proof-of-reserves … actually dilutes the security of the issuer, the custodians, the exchanges, and the investors.”

Assets Without Liabilities Are A Bitcoin “Parlor Trick”

Even assuming an airtight method for proving assets, PoR as currently practiced ignores the creditor side of the balance sheet. “It’s proof of assets that is insecure, and it is not proof of liabilities… So you own $63 billion worth of Bitcoin—do you have a hundred billion dollars of liabilities?” He hammered the point with institutional caricature: “Institutional investors would laugh at me if I said, ‘Here’s a wallet that has $72 billion… Don’t you worry your pretty little head about liabilities.’”

To satisfy the capital-markets audience he courts, Saylor laid out a different standard: “You want an institutional-grade proof of assets and proof of liabilities with them netted out. And the best practice is not to publish the wallet. The best practice… would be to have a Big Four auditor that checks to make sure you actually have the Bitcoin, then checks to make sure the company hasn’t rehypothecated or pledged the Bitcoin… Then you have to wash it through a public company where the CFO signs, then the CEO signs, then the chairman and all the outside directors are civilly and criminally liable for it.”

Related Reading: 2,000MW Of Pakistan’s Extra Electricity Now Reserved For Bitcoin Rigs

Why elevate auditor attestation over cryptographic proofs? Because, Saylor said, jail concentrates the mind. “You wonder why people trust US companies? Because of Sarbanes-Oxley, because you go to jail if you lie.” In his view, the threat of prison constitutes a stronger deterrent than any public Merkle tree snapshot.

The corporate cadence he described is familiar to securities lawyers but rarely discussed at Bitcoin meet-ups: quarterly Form 10-Qs, the annual Form 10-K, blackout periods that forbid capital-markets activity until those filings clear. “If a company can’t file a 10-K it means its auditors won’t sign off on its books, which means it maybe isn’t solvent.” By contrast, missing a self-imposed PoR deadline carries no statutory bite.

A Solution For The Future?

Saylor did concede a hypothetical future in which Strategy might participate. “At some point, I can see implementing some kind of proof-of-reserves if you can come up with a zero-knowledge proof that blinds everybody from being able to track the underlying wallets.” Even then, governance hurdles remain: custodians, exchanges, auditors, risk managers, officers and directors would all have to sign off, and the method would still have to mesh with GAAP audit scopes.

Where many advocates cite collapsed exchanges as evidence that more on-chain data is required, Saylor flips the lesson. “Don’t do business with shaky offshore exchanges run by juvenile tweakers. And if you’re a crypto person, hold your own crypto.” PoR, in his telling, is a distraction from basic counterparty discipline.

The principle applies equally to corporate treasuries, he continued. Strategy’s own Bitcoin, today distributed across multiple regulated custodians, is inaccessible except through documented, multi-signatory workflows. “It’s okay at a small level, but really [PoR] isn’t God’s gift. And I think people give too much credence to it on X.”

At press time, BTC traded at $108,656.

If you’re still on the fence about joining the MIND of Pepe presale, then it’s your last chance to grab tokens at a discount. That’s because the fundraiser for the AI agent project will close in four days.

Since launching in January 2025, the presale has raised $10.6M, making it one of the best presales of the year. The good news is that you can still pitch in and enjoy exclusive privileges by buying or staking your tokens.

MIND of Pepe Presale: What You Need to Know

The MIND of Pepe ($MIND) project aims to develop a self-evolving AI agent coin, which will address crypto’s fragmented ecosystem through its real-time, actionable insights. This means that you’ll be able to discover the latest crypto trends before they hit the mainstream with MIND of Pepe’s help.

The team has already launched its AI agent on X (formerly Twitter) on May 11. Since then, it has regularly shared crypto updates and interacted with its followers on the platform. While still in its infancy, we expect the agent to develop further as it interacts with everyone on social media.

And $MIND is evolving daily. For instance, it will interact with CoinMarketCap via API to provide the latest token data, including market cap, price movement, trading volume, and listing.

Plus, it will gather Solana-specific metrics (such as token creation and wallet activity) to help you keep track of the hottest meme coins and the latest NFT launches.

And thanks to its persona-trained LLM, it’ll sound just like your crypto-fanatic cousin who’s too deep into crypto. With the added rational analysis, to boot.

$MIND Transactions Ramping Up Before End of Presale

Based Etherscan data, $MIND transactions have spiked over the past week. On May 23 alone, it recorded 703 transactions from 446 unique addresses. Of note are the four whale $MIND buys on May 21, worth $55,509.29 in total.

The trend suggests that more and more investors are grabbing tokens in anticipation of $MIND’s launch on major centralized (CEXs) and decentralized exchanges (DEXs).

Happening at the end of the presale, its availability on exchanges should drive up $MIND’s price exponentially in the foreseeable future (an estimated 73% in 2026 from the current price).

How to Buy $MIND Tokens

More than an investment, holding $MIND will give you access to the AI agent’s insights, putting you well ahead of the curve on the latest developments in the market. You can currently get it at the MIND of Pepe ($MIND) presale page for only $0.0037515 each.

 

To buy MIND of Pepe, simply connect your crypto wallet (the project recommends Best Wallet) to the presale widget, enter the number of tokens you want to buy, and pay with your credit/debit card or crypto.

You can also stake your tokens immediately after buying. This will allow you to earn passive rewards in exchange for supporting the project. Its dynamic staking APY is currently at 219%, and investors have already staked 1.6B $MIND tokens. Don’t Wait Until the Last Presale Day

When it comes to crypto presales, it’s always best to buy sooner rather than later.

The MIND of Pepe presale is no exception. If you’re keen on getting your hands on $MIND tokens as an up-and-coming altcoin investment or to get access to exclusive crypto insights, your time is almost up, so act quickly.

But remember to do your own research before you buy crypto. Make sure you’re aware of the risks involved and protect your investment accordingly. Also, use the information in this article for educational purposes and not as investment advice.

Nhà đầu tư lớn trong thị trường meme coin, ông James Wynn, đã chốt toàn bộ vị thế PEPE và thu về lợi nhuận 25,18 triệu đô la. Các mã liên quan đến AI đang thu hút sự chú ý.

Ông James Wynn – được biết đến như một “cá voi” trong thị trường meme coin – mới đây đã bán hết toàn bộ lượng nắm giữ Pepecoin (PEPE), thu được khoản lợi nhuận 25,19 triệu đô la (khoảng 3,6 tỷ yên).

Tổng lợi nhuận từ các giao dịch liên quan đến PEPE của ông đã đạt 50 triệu đô la (khoảng 7,1 tỷ yên), khiến ông trở thành một ví dụ điển hình về thành công trên thị trường meme coin.

Biến số vốn nhỏ thành khoản lợi nhuận khổng lồ

Ông Wynn đã mua meme coin PEPE vào năm 2023 với số vốn ban đầu là 7.000 đô la (khoảng 1 triệu yên) và đã thành công khi nâng tổng giá trị lên tới 25 triệu đô la.

Trong giao dịch năm 2025 này, ông tiếp tục ghi nhận thêm lợi nhuận 25,19 triệu đô la. Trong suốt quá trình giao dịch, ông đã sử dụng tối đa 26 địa chỉ ví để phân bổ giao dịch một cách chiến lược, một chiến thuật phổ biến trong giới đầu tư altcoin.

Tài khoản Twitter của ông Wynn được tạo vào tháng 4 năm 2023, nơi ông từng đăng tối đa 24 bài viết liên quan đến meme coin PEPE mỗi ngày, tận dụng sức ảnh hưởng trên mạng xã hội để tác động đến biến động giá của các altcoin như PEPE.

Chuyển đổi rủi ro cao sang Bitcoin

Sau khi chốt lời từ PEPE, ông Wynn đã chuyển toàn bộ vốn sang Bitcoin (BTC) và mở một vị thế long với 11.588 BTC, sử dụng đòn bẩy 40 lần – trị giá khoảng 1,25 tỷ yên.

Giá thanh lý của vị thế này được đặt ở mức 105.180 đô la. Với giá BTC hiện tại gần 108.000 đô la, vị thế đang đối mặt với rủi ro cao.

Vào ngày 23 tháng 5, ông Wynn đã cắt lỗ các vị thế trên Ethereum (ETH) và Sui (SUI), ghi nhận khoản lỗ 5,3 triệu đô la.

Giao dịch với đòn bẩy cao mang lại tiềm năng lợi nhuận lớn, nhưng cũng đi kèm với nguy cơ bị thanh lý – là con dao hai lưỡi của thị trường.

Meme coin thế hệ mới tích hợp công nghệ AI

Sau thành công với PEPE của ông Wynn, các dự án đổi mới công nghệ đang thu hút sự chú ý trong thị trường meme coin, đặc biệt là những dự án đang trong giai đoạn presale.

Đặc biệt nổi bật là MIND of Pepe (MIND) – một dự án kết hợp giữa công nghệ trí tuệ nhân tạo (AI) và văn hóa meme.

Không giống các meme coin truyền thống, MIND of Pepe được trang bị một agent AI có khả năng phân tích thị trường và đưa ra quyết định một cách tự động.

Hệ thống AI này giám sát dữ liệu thị trường tiền điện tử và tâm lý thị trường theo thời gian thực, đồng thời sử dụng công nghệ so khớp vector ngữ nghĩa (semantic vector matching) để xác định cơ hội giao dịch.

Hiện tại, dự án đang triển khai bán token sớm và đã huy động thành công hơn 10 triệu đô la. Giá bán sớm được đặt ở mức 0,0037515 đô la, và các chuyên gia dự đoán giá có thể tăng mạnh khi niêm yết trên sàn vào tháng 6 năm 2025.

Điểm nổi bật của MIND of Pepe là khả năng tự động phát hành token theo sự thay đổi của tâm lý thị trường.

Khác với các bot giao dịch thụ động trước đây, MIND sở hữu khả năng ghi nhớ liên tục và điều chỉnh chiến lược theo thời gian.

Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison following his conviction on seven counts of fraud and conspiracy. However, this sentence could be significantly reduced, according to Monday reports. 

How FTX Founder’s Sentence Could Be Reduced

During the trial, prosecutors detailed how Bankman-Fried and his executives misappropriated customer funds by commingling them with investments from Alameda Research, his hedge fund. This fraudulent scheme was estimated to amount to a staggering $11 billion, leading to widespread financial losses for investors.

Bankman-Fried was initially held at the Metropolitan Detention Center in Brooklyn, notorious for its harsh conditions, before being transferred to FCI-Terminal Island in California, a low-security prison housing around 850 male inmates. 

According to the Bureau of Prisons (BOP), he is projected to be released on December 14, 2044, which could be as little as 21 years into his sentence if he qualifies for “Good Conduct Time,” potentially allowing him to earn reductions based on his behavior and participation in prison programs.

$5 Billion Distribution Expected In Days

The legal saga surrounding Bankman-Fried began when he had his bail revoked two months prior to his trial, after he allegedly revealed private writings of his former girlfriend, Caroline Ellison, to a journalist. 

Ellison, who served as CEO of Alameda Research, was sentenced to two years in prison for her role in the fraudulent activities but had her sentence reduced by about six months, with an expected release in May 2026.

As Bankman-Fried’s legal troubles unfold, the fallout from FTX continues to impact the cryptocurrency landscape. The exchange, now under the leadership of John J. Ray III, is actively working to recover lost funds for investors impacted by its collapse. 

As reported by Bitcoinist last week, FTX announced plans to distribute over $5 billion to creditors as part of its Second Distribution, scheduled for May 30. This significant distribution aims to assist eligible creditors who meet specific pre-distribution requirements.

John J. Ray III, the Plan Administrator of the FTX Recovery Trust, emphasized the importance of this distribution, calling it a “pivotal milestone” in the recovery efforts. He noted the unprecedented scope of FTX’s creditor base and highlighted the success of the recovery team in navigating this complex process. 

Funds from the distribution are expected to reach eligible accounts within 1 to 3 business days after the distribution date, processed through selected service providers such as BitGo or Kraken.

At the time of writing, the exchange’s native token, FTT, trades at $1.14, ranging between $0.73 and $1.5 for the past two months. Year-to-date (YTD), the token registers a 27% price drop, with the price 97% below its all-time high. 

Featured image from DALL-E, chart from TradingView.com

James Wynn, a crypto trader who has been sharing his positions on the X (formerly Twitter) platform, has quickly become popular after his large Bitcoin positions went viral. So far, James has opened multiple billion-dollar positions and has garnered a large following after his admirable win rate. The crypto trader has also managed to cross in 8-figure territory in terms of gains. Two of his latest trades have caught attention, and this report takes a look at how the trader has managed these positions.

Billion-Dollar Bitcoin Long And Short Positions

While James Wynn had been gaining a lot of attention for being a top 5 trader on the Hyperliquid platform in terms of PNL, his most recent round of trades have garnered even more attention. Last week, the crypto trader stunned the community when he opened a $1.2 billion long position, with 40x leverage. With a close liquidation price of $105,179, this seemed to be a risky position, and as the Bitcoin price fluctuated, so did the PNL of the position.

As the Bitcoin price moved lower toward the weekend, the trader would close this billion-dollar long position for a $13.4 million loss. After this, James Wynn quickly flipped directions and placed another billion-dollar perp position, but this time in favor of the Bitcoin price going down.

With an entry price sitting just above $107, this would prove to be a fatal decision for the trader as the Bitcoin price began to move upward. Once again, Wynn was forced to close this massive perp position, resulting in a heavier loss of $15.87 million. In total, the perp trader lost almost $28 million in a 24-hour period, according to Hyperliquid data.

What’s Next For James Wynn?

Following the closure of his short position, James Wynn took to X (formerly Twitter) to address the situation. In the post, he explained that after the massive losses, he was looking at no longer playing at perps anymore. Additionally, he revealed that despite the losses, he remains $25 million in the green after starting with a $3-$4 million initial position.

The post drew speculation from the crypto community, with some arguing that the crypto trader would not just stop trading. This proved to be right as only hours later, Wynn was back on Hyperliquid to place multiple bets on new positions.

The crypto trader initially focused on longing PEPE, which has been one of his most profitable coins to trade, earning him over $25 million in profit. He soon opened another Bitcoin long position with an entry price of $109,733.

At the time of writing, James has closed his PEPE position after almost getting liquidated as the Bitcoin price plummed. The Bitcoin long position remains, but has been reduced by half to $439 million. In total, the trader took a $4.4 million loss already, and his Bitcoin position remains shaky at a -$4.12 million loss.

Coinbase is facing a new class action lawsuit claiming that investors suffered significant losses over the years due to the crypto exchange’s “omissions,” which have affected the company’s stock price.

Coinbase Accused Of Key ‘Omissions’

Last week, a Coinbase investor filed a class action lawsuit in the US District Court for the Eastern District of Pennsylvania against Coinbase, CEO Brian Armstrong, and CFO Alesia Hass, alleging that the company’s shareholders have suffered “significant losses and damages” over the past four years.

In the May 22 complaint, investor Brady Nessler, on behalf of persons or entities who purchased or otherwise acquired publicly traded Coinbase securities between April 14, 2021, and May 14, 2025, claims that the exchange has a long list of “wrongful acts and omissions” that have led to the “precipitous decline in the market value of the Company’s common shares” affecting the Plaintiff and other Class members.

Among the omissions, the lawsuit lists the company’s recent data breach and its failure to disclose that it breached its 2020 agreement with the UK’s Financial Conduct Authority (FCA).

In October 2020, the company’s UK subsidiary, Coinbase Payments (CBPL), signed a voluntary agreement to prevent onboarding clients considered “high risk” by the regulator and reduce potential criminal activity on the CBPL platform.

The lawsuit alleges that the company made several “materially false and misleading” statements at the time that omitted that Coinbase Payments, Ltd. (CBPL) had been found guilty by the UK regulator of having “inadequate anti-money laundering focused systems to prevent high-risk individuals from using its platform, and that CBPL then breached the Agreement designed to address those deficiencies, creating legal exposure.”

Notably, the price of the company’s common stock reportedly fell by $13.52 per share, a 5.52% decline, when a Reuters article titled “Coinbase UK unit fined for breaching financial crime requirements” was published during market hours on July 25, 2024. The FCA fined Coinbase’s UK subsidiary a $4.5 million penalty for breaching the voluntary agreement.

Data Breach Leads To Class Action Lawsuits

Moreover, the Class action suit argues that the recent data breaches also resulted in significant losses and damages for stockholders, highlighting the May 15 statement from the crypto exchange.

As reported by Bitcoinist, Brian Armstrong shared that threat actors bribed a handful of customer support contractors to access Coinbase’s internal tools, resulting in the breach of names, email addresses, limited transaction records, and partial Social Security numbers of 1% of the exchange’s users.

The hackers attempted to blackmail the exchange, demanding $20 million in Bitcoin (BTC) to return the sensitive customer data. However, Armstrong revealed they refused to pay the ransom.

The lawsuit states that, following the news, the price of Coinbase’s common stock fell by $19.85 per share, a 7.2% decline, to close at $244 on May 15, 2025. Since then, multiple lawsuits have been filed against the crypto exchange, and a US Department of Justice Investigation has been opened.

Based on this, Plaintiff seeks to “recover compensable damages caused by Defendants’ violations of the federal securities laws under the Securities Exchange Act of 1934 (the ‘Exchange Act’).”

On-chain data shows the Bitcoin short-term holder whales have been taking significantly more profits than the diamond hands in this rally.

New Bitcoin Whales Are Participating In Notable Profit-Taking

In a new post on X, CryptoQuant author Axel Adler Jr. discussed how profit-taking has recently looked from the two major Bitcoin whale cohorts: the short-term holder and long-term holder whales. The short-term holders (STHs) and long-term holders (LTHs) are two broad divisions of the BTC network done on the basis of holding time, with the cutoff between them being 155 days.

Similarly, ‘whales‘ are also a classification of the asset’s investors, but in this case, the criterion is holding balance. More particularly, whales are defined as holders with more than 1,000 BTC. As such, the STH and LTH whales would refer to the big-money members of the STH and LTH groups, respectively.

Now, here is the chart shared by the analyst that shows the trend in the total amount of profit realized by these groups during the past few months:

As displayed in the above graph, both of the groups have participated in some degree of profit-taking recently. Still, clearly, the new whales who got into the market in the past five months have been the ones making up for the majority of this selling. This trend is different from how it was in January, when the profit realization was more balanced across these cohorts.

Historically, the STHs have tended to be reactive to market events, while the LTHs have shown resilience. So, the whales falling to the temptation of profit realization in the recent rally may not be too surprising. That said, so far, the profit-selling in the market hasn’t yet reached the same highs as in January.

The whales represent a broad group that can be divided further into the regular-sized whales (1,000 to 10,000 BTC) and ‘mega’ whales (10,000+ BTC). According to data from the on-chain analytics firm Glassnode, the two groups haven’t been showing consistent behavior recently.

As is visible in the above chart, the Bitcoin Accumulation Trend Score, an indicator that tells us about whether the investors are accumulating or distributing their coins, has been close to 1 for the whales recently, a sign that these large entities have been displaying strong accumulation.

The smaller cohorts have also been displaying a similar behavior, but the mega whales have diverged from the rest as they have taken to distribution instead.

BTC Price

At the time of writing, Bitcoin is floating around $109,800, up around 6% in the last seven days.

As Bitcoin (BTC) experienced a modest dip over the weekend – falling from nearly $112,000 to $106,600 – late longs bore the brunt, with over-leveraged traders facing significant liquidations. In contrast, long-term investors took advantage of the pullback to increase their BTC exposure.

Bitcoin Late Longs Get Wiped Out

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin’s price drop below the key $111,000 level triggered a cascade of liquidations that primarily affected late long positions. In total, the downward move led to approximately $185 million in long position liquidations.

For the uninitiated, Bitcoin late longs refer to leveraged long positions entered into after a price rally, often by traders expecting further short-term gains. These positions are vulnerable to sudden price drops, leading to rapid liquidations when support levels fail.

The first major liquidation cluster occurred around $110,900. Once BTC fell below this level, over $97 million in long positions were wiped out. A second wave of liquidations followed when the price dipped below $109,000, wiping out an additional $88 million in leveraged longs within hours.

While short-term holders (STH) faced heavy losses, long-term holders (LTH) responded differently. Rather than being shaken out, they seized the opportunity to accumulate more Bitcoin.

Taha highlighted that, based on the STH/LTH Net Position Realized Cap chart, the LTH realized capitalization has now exceeded $28 billion for the first time since April 2025. The analyst added:

With the LTH realized cap now surpassing $28 billion, it’s clear that long-term investors are using this period of forced selling to increase their exposure and accumulate more Bitcoin for the long run. This strategic accumulation during moments of market stress reflects the deep conviction of LTHs.

In a separate post on X, noted crypto analyst Titan of Crypto noted that Bitcoin recently achieved its highest weekly close ever. This milestone underscores the strong bullish sentiment shared among long-term investors, who continue to anticipate higher prices.

What Is Working For BTC?

Several market observers have pointed out that the current rally appears more sustainable than previous ones, with fewer signs of euphoria. Analysts argue that Bitcoin’s ongoing upward momentum has not exhibited overheating, suggesting a healthier market structure.

Moreover, technical indicators suggest ambitious price targets for Bitcoin. For example, analyst Gert Van Lagen has projected that BTC could soar as high as $300,000 during this bull cycle.

Institutional interest also remains strong. Strategy CEO Michael Saylor recently hinted at another large Bitcoin purchase, further reinforcing confidence in BTC’s long-term potential. At press time, BTC trades at $109,535, up 1.9% in the past 24 hours.