Last week in the world of cryptocurrencies was filled with unexpected events, significant market fluctuations, and bold statements from leading industry players.
This is reported by Finway
Key Events of the Week
After massive liquidations exceeding $19 billion, Bitcoin and other cryptocurrencies exhibited significant volatility. In particular, the price of Bitcoin fluctuated between $105,000 and $115,000, accompanied by active speculation and suspicions of manipulation.
Scandals and Accusations
Hyperliquid founder Jeff Yang publicly accused centralized exchanges of deliberately underreporting liquidation statistics. Crypto.com CEO Kris Marszalek urged regulators to conduct a thorough review of the activities of crypto platforms.
“Centralized exchanges can artificially manipulate liquidation data, reducing their actual number by hundreds of times”
Additional intrigue was added by speculation about a possible leak of insider information from the White House, which allowed traders on Hyperliquid to open short positions worth hundreds of millions of dollars.
Santiment analysts recorded the highest level of fear and uncertainty (FUD) in the market since March, especially after Trump’s announcement of tariffs against China. However, historical data suggests that such events often precede an increase in the price of Bitcoin.
At the same time, a report from Bank of America showed a recovery in investor optimism to a yearly high, despite concerns about a potential bubble in the artificial intelligence sector.
Among other significant events of the week were plans by major tech companies to invest billions of dollars in the development of artificial intelligence infrastructure, including Google ($24 billion), BlackRock, and Nvidia ($40 billion), as well as the gradual formation of a regulatory environment for cryptocurrencies in various countries around the world.