A trader opened a high-risk short bet on Ethereum (CRYPTO: ETH) late Sunday, with liquidation looming just a hair’s breadth away.

Daring Bet Or Something More?

The trader opened a 25x leveraged short position on ETH on the decentralized perpetual trading platform Hyperliquid at an entry price of $2,209.38, reported Lookonchain.

As of this writing, the position stands at 40,000 ETH, equivalent to $109.9 million, with an unrealized profit of $188,503. Should ETH increase to $2,218, which is a mere $9 away from the current price, the entire position will be wiped out.

The perp trader endured a roller-coaster last week, watching their account balance fall from a peak of $1.23 million to…

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Despite peace talks falling apart this weekend, cryptocurrency punters don’t see high chances of the two-week U.S.–Iran ceasefire ending just yet.

Will The Ceasefire Extend?

The likelihood of the ceasefire ending by April 18, before the full two-week duration, was estimated at 30%.

More than $2 million has been wagered on the outcome, and the market will resolve to “Yes” if Trump, the federal government, or the U.S. military officially announces that the ceasefire is no longer in effect.

Notably, the odds of the military operation in Iran concluding by the end of this month dropped to 24%, down from 12% the previous day.

A Fragile Ceasefire?

Earlier, Vice President JD Vance, who led the…

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Tron (CRYPTO: TRX) founder Justin Sun alleged on Sunday an ongoing “token scandal” at the Trump family-backed World Liberty Financial (WLFI) platform, which enables unilateral freezing of user assets.

Sun Alleges Major Misconduct At WLFI

Sun claimed on X that the company has embedded a “backdoor blacklisting function” in its smart contract.

“This function gives the Company unilateral power to freeze, restrict, and effectively confiscate the property rights of any token holder, without notice, without cause, and without recourse,” the cryptocurrency billionaire added.

As a major early investor whose wallet was blacklisted last year, Sun called himself the “first and single…

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Leading cryptocurrencies slid alongside stock futures on Sunday evening after the peace talks between the U.S. and Iran collapsed.

Crypto Market Bleeds

Bitcoin slid below $71,000, accompanied by a 33% jump in 24-hour trading volume. Ethereum also encountered selling pressure, sliding below $2,200, while XRP and Dogecoin traded in the red.

Over $280 million was liquidated in the past 24 hours, predominantly bullish long positions,  according to Coinglass data.

Open interest in Bitcoin futures fell 5.76% in the last 24 hours. However, retail and whale derivatives traders on Binance continued to be long BTC as of this writing.

“Extreme Fear” sentiment dominated the market, according to the…

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CZ Stress On Having Real Purpose In Life

In October 2022, CZ shared a set of “principles” he follows, including one about owning one’s work.

“The right mentality is a prerequisite to success in life. Be responsible and be proud of what you do,” he stated.

CZ warned against grinding on tasks without a real purpose. He drew on the classic tale about walls and cathedrals to make his point.

“Don’t just lay bricks on a wall. Be the guy building the cathedral. If you don’t think you are ‘building a cathedral,’ you should look for a different job,” the former Binance CEO said.

CZ stated that one must always think about what else can they do to improve things beyond what others have…

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This week was a whirlwind of activity in the cryptocurrency world. From Anthony Pompliano’s bullish stance on Bitcoin to the potential revelation of Satoshi Nakamoto’s identity, there was no shortage of intriguing developments.

Let’s dive into the top stories that shaped the crypto landscape over the weekend.

Bitcoin’s ‘True Product-Market Fit’

Read the full article here.

Satoshi Nakamoto’s Identity Revealed?

A recent report has drawn parallels between the early work in cryptography of a certain individual and the writings of Bitcoin’s elusive creator, Satoshi Nakamoto. The report also noted that this individual’s online activity coincides with the period when Nakamoto was…

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In the post, he wrote that he held the same single bitcoin before a rally and through a bear stretch, but experienced completely different reactions as the price moved. He added that the asset didn’t change while the market price did, ending the message with a confident line about momentum continuing.

Scaramucci has also described bear markets as marathons that end when participants run out of stamina, not when fear finally fades. In that framing, he has argued the bleakest sentiment often shows investors are positioned too lightly for a reversal.

Why Bitcoin’s Price Volatility Matters Now

That emotional gap between ownership and price is a key part of the bitcoin experience, especially…

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“It’s actually extremely easy to track crypto funds. The blockchain is a public ledger, and if you couple that with a few centralized exchanges’ KYC information, you can track most transactions pretty accurately,” Zhao said Friday on TBPN.

A Privacy Problem, Not Just A Feature

The warning lands at an awkward moment for crypto’s payment ambitions. Venture capitalist Tim Draper has previously called for employees, suppliers and taxes to be settled in Bitcoin via smart contracts — a vision CZ’s transparency concern now directly complicates.

“There’s a lack of preserving privacy,” he warned, calling for an optimal balance between regulatory compliance and individual… Read more on Benzinga