Whale’s $1.14B 40× BTC Long, Trump Dinner Fizzles, and Major Crypto & Macro Signals

23.05.2025

Bitcoin continues to break new ground, hitting fresh all-time highs and clocking a sixth consecutive green weekly close—a streak last seen at eight during the previous bull market. Meanwhile, high-stakes leveraged bets, legislative developments, and groundbreaking protocol integrations are reshaping the crypto landscape.

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Mega-Whale Nets $40M on 40× Long

On the Hyperliquid exchange, a single whale initiated a $1.14 billion long on 7,760 BTC using 40× leverage, reaping an unrealized profit of $40 million as Bitcoin climbed above $111,000. Such aggressive positioning reflects extreme bullish confidence and elevated risk tolerance among major players.

Bitcoin’s Six-Week Green Streak

Bitcoin has now recorded six straight weeks of gains—a pattern of sustained bullish momentum not seen since the last cycle’s eight-week run. This persistent uptrend underscores strong demand and limited profit-taking at current levels.

Trump’s Crypto Dinner Yields No Major News

At a private dinner with top holders of the Trump token, President Trump offered little beyond branding Mar-a-Lago as the “cryptocurrency capital of the world” and criticizing President Biden as “bad for crypto.” No policy announcements or token initiatives were revealed, leaving many attendees underwhelmed.

GENIUS Act Nears Senate Floor Vote

The bipartisan GENIUS Act, aiming to establish a federal framework for payment stablecoins, moves forward in the Senate—with floor debate and amendment votes slated for tomorrow evening or Wednesday. Congressional leaders hope for final passage before Memorial Day, signaling major strides toward regulatory clarity for stablecoin issuers.

RWA Developer Hotlist: LINK, AVAX & More

In the last 30 days, the most active real-world asset (RWA) projects by developer commits are:

  1. Chainlink 2. Avalanche 3. Stellar Lumens 4. IOTA 5. Injective

  2. Axelar 7. Chia 8. Hedera 9. VeChain 10. Centrifuge

This leaderboard highlights growing institutional and developer interest in tokenized real-world assets.

Ethereum Co-Founder Clash Over Node Philosophy

Vitalik Buterin and Farcaster’s Dan Romero publicly sparred over whether Ethereum node operation should prioritize user-run local nodes or more streamlined infrastructure. The debate turned personal, with Buterin jokingly advising his counterpart to sell his ETH.

Trump Token Holders Facing Losses

Since its January launch, 43% of the top 220 Trump token holders have realized losses totaling $8.95 million, illustrating the volatile nature of politically themed memecoins.

Major U.S. Banks in Stablecoin Talks

JPMorgan, Bank of America, Citigroup, and Wells Fargo are in early discussions to create a joint stablecoin for commercial use. Ex-BitMEX CEO Arthur Hayes quipped that this move “marks the end of Circle,” anticipating seismic shifts in the stablecoin sector.

Ethical Concerns Over World Liberty Financial Lobbying

Trump envoys and his son promoted World Liberty Financial on diplomatic trips to the Middle East, raising ethics questions—particularly their lobbying for the USD1 stablecoin in Pakistan, Malaysia, and Kyrgyzstan. Binance’s CZ was named as a potential facilitator, which he has denied.

Immutable Cuts 33% of Staff, Shifts to AI

Blockchain game developer Immutable reduced headcount by 33% over nine months to 150 employees, refocusing efforts on artificial intelligence and planning expanded AI initiatives across its platform.

ETF & Regulatory Updates

  • The SEC delayed decisions on new ETF proposals from Bitwise (ETH staking), CoinShares (XRP), Fidelity (BTC), Litecoin (LTC), and Canary (TRX staking), requesting additional public input.

  • The U.S. Supreme Court ruled Trump can dismiss leaders of most independent federal agencies but exempted the Fed, protecting Fed Chair Powell from removal.

  • President Trump threatened new tariffs on the EU if existing trade barriers aren’t lowered.

Solana Integrates Dogecoin via ZK Bridge

Wormhole bridged Dogecoin to the Solana ecosystem using zero-knowledge proofs from NTT’s framework, Psy, and RiscZero—achieving DOGE integration without traditional wrapping or custodial bridges.

New Lending & Tokenization Protocols

  • Jupiter unveiled a Solana lending protocol in partnership with Fluid, opening a waitlist ahead of its launch.

  • Uniswap Foundation reported $95 million in combined cash, stablecoins, UNI tokens, and ETH, funding grants and operations into 2027.

  • Centrifuge expanded its RWA service to Solana, launching a $400 million tokenized Treasury fund (deJTRSY) with yield via Raydium, Kamino, and Lulo.

Shorts Suffer, Banks Face Hidden Losses

  • Short sellers lost $250 billion from April 8 to May 20 as broad market rallies steamrolled bearish bets.

  • U.S. banks carry $482 billion in unrealized losses—up 33% from last quarter—exposing smaller banks in particular to rising-rate stress.

Conclusion:
From ultra-leveraged whale positions to landmark legislative progress and cutting-edge protocol integrations, crypto markets are riding a wave of bullish optimism tempered by fresh regulatory complexity and macroeconomic constraints. Investors should remain vigilant as Bitcoin forges new highs, stablecoin frameworks crystallize, and real-world asset tokenization accelerates.

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