Author: Kryptonews

Key Takeaways: Hyperliquid hit a record $248 billion in May perps volume, up 51.5% month-on-month. Hyperliquid’s market share climbed to 10.54% of Binance’s perps volume. Trader James Wynn lost $100 million after a high-leverage Hyperliquid bet collapsed during a sudden Bitcoin downturn. Onchain perpetual futures platform Hyperliquid notched a record-breaking $248 billion in monthly trading volume for May, a 51.5% jump from April’s $187.5 billion, as market interest surged during the so-called “James Wynn” trading frenzy.The year-on-year growth is even more striking. Just 12 months ago, Hyperliquid saw $26.3 billion in volume, making this May’s total an 843% increase.The platform’s…

Bitcoin has captivated investors for over a decade, evolving from a niche technological experiment to a globally recognized asset. While its volatility has often been a point of contention, a growing narrative frames it as a potential hedge against inflation, particularly as concerns about monetary policy and government debt intensify. But does Bitcoin truly live up to this expectation and can it be considered the ultimate inflation hedge for the next decade?## The Case for Bitcoin as an Inflation HedgeThe argument for Bitcoin as an inflation hedge rests primarily on its limited supply. Unlike fiat currencies, which can be printed…

Automating Efficiency: How Smart Contracts Slash Costs and Save Time Smart contracts have revolutionized the way businesses and individuals execute agreements by automating enforcement, reducing reliance on intermediaries, and enhancing transparency. These self-executing contracts with pre-defined rules save significant time and money by eliminating manual processes, minimizing disputes, and lowering operational costs. Eliminating Middlemen and Reducing Fees Traditional contracts often require lawyers, notaries, or brokers to facilitate and verify transactions. Smart contracts, however, operate on blockchain technology, allowing them to execute automatically when pre-agreed terms are met. This removes the need for intermediaries, reducing associated fees and speeding up transactions.…

As Bitcoin surged to a new all-time high in May, sparking momentum across cryptocurrencies, the decentralized app industry also saw a revival. In fact, DappRadar’s latest findings identify May 2025 as a turning point for the dapp sector. During the same period, the NFT market also saw signs of life. Turning Point for the Dapp Ecosystem In May, the dapp industry exhibited renewed optimism as the daily Unique Active Wallets (dUAW) rose 8% to 25 million, amid broader positive market trends. Notable growth was seen in three key sectors: AI dapps surged 23% to 4.8 million dUAW, social dapps grew…

Ropsten will be the first longstanding testnet to run through The MergeA new Ropsten Beacon Chain was launched on May 30, 2022 to provide consensus to the networkThe Ropsten Beacon Chain will upgrade to merge-compatible protocol rules (Bellatrix) at slot 24000, expected on June 2, 2022After this, a Terminal Total Difficulty (TTD) will be chosen to activate The Merge on the proof-of-work chain. Node Operators will need to manually set this value on their clients.June 3 update: the exact Terminal Total Difficulty for the Ropsten Merge is 50000000000000000. A subsequent announcement explains how node operators and stakers can ensure their…

A Strategic Leap for Prediction MarketsIn a bold move to integrate decentralized prediction markets with mainstream social media, X has announced a strategic partnership with Polymarket, naming it the platform’s official prediction market partner. The collaboration signals a significant leap in the fusion of blockchain-based forecasting tools and online discourse, potentially reshaping how users interact with real-world events in real time.Polymarket, built on a decentralized protocol, enables users to speculate on the outcomes of events ranging from political elections to sports, tech launches, and global affairs using crypto assets. The platform has gained prominence for its accuracy and real-time sentiment…

Blockchain Beyond Bitcoin Blockchain technology has long been associated with cryptocurrencies like Bitcoin and Ethereum. But the applications of decentralized, immutable ledger systems far exceed digital currencies. A growing wave of startups is proving blockchain can revolutionize industries from supply chain and healthcare to voting and real estate. Blockchain for Supply Chain Transparency The global supply chain is notoriously opaque. Counterfeit goods, unethical sourcing, and delays plague businesses and consumers alike. That’s where blockchain comes in. By creating a tamper-proof record, companies can track products from origin to delivery. Case Study: Tracr Tracr, developed by De Beers, tracks diamonds from…

Is Bitcoin the New Gold? Crypto Challenging Traditional Safe HavenThe allure of gold as a safe haven asset during times of economic uncertainty has resonated for centuries. Its scarcity, tangibility, and historical performance have cemented its position as a store of value and a hedge against inflation. However, the rise of Bitcoin and other cryptocurrencies has introduced a new contender to the throne, sparking a heated debate: Is Bitcoin the new gold?## The Case for Bitcoin as a Safe HavenBitcoin proponents argue that its decentralized nature, limited supply (capped at 21 million coins), and global accessibility make it a superior…

Key Takeaways X has partnered with Polymarket as its official prediction market partner. In May, xAI was said to have joined forces with Kalshi to provide predictive insights powered by AI for those betting on real-world events. Share this article X, Elon Musk’s social media platform, is teaming up with prominent prediction marketplace Polymarket, the team announced on X on June 6. Specifics of the collaboration have not been made public. we’re joining forces with Polymarket as our official prediction market partner@X 🤝 @Polymarket — X (@X) June 6, 2025Commenting on X’s announcement, Polymarket called the move a major step…

Strategy, the world’s largest corporate Bitcoin holder, plans to raise nearly $1 billion through a stock offering to fund additional Bitcoin purchases.The company, led by executive chairman Michael Saylor, plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at a public offering price of $85 per share.Strategy estimates raising about $979.7 million from the net proceeds after deducting the underwriting discounts and commissions for the firm’s offering expenses, according to a June 6 announcement.The company plans to use the almost $1 billion for “general corporate purposes, including the acquisition of Bitcoin and for working capital.”Strategy announces…