Crypto News

Ethereum has regained momentum, experiencing an approximate 8% gain in just 24 hours. Since the Pectra upgrade on May 7, the digital asset has risen over 50%, making it one of the top-performing digital assets this month. Pectra Upgrade Sparks ETH Rally? After a hiatus that raised questions among observers, Ethereum ( ETH) has seeminglySource link

Coinbase has leased a major office in San Francisco, marking a return roughly three years after dropping its headquarters model.Source link

Paris Saint-Germain (PSG) holds bitcoin on its balance sheet and is actively supporting the Bitcoin ecosystem through its PSG Labs initiative, club executive Pär Helgosson announced at the Bitcoin 2025 conference in Las Vegas. Paris Saint-Germain Reveals Bitcoin Treasury Allocation, Backs Ecosystem Helgosson, head of PSG Labs, revealed that the global football club allocated aSource link

James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin's BTC cooling sentiment.Wynn's current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week.Data from Hyperdash shows that Wynn's margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses.The trader, known for making aggressive bets under the pseudonym "moonpig," currently holds a long position of approximately 1,690 BTC, valued at roughly $178.78 million.On-chain data shows that Wynn's 40x leveraged BTC bets now carry an unrealized loss of approximately...

Paris Saint-Germain has become the first major sports club to hold Bitcoin as it seeks a longer-term commitment with the industry.Source link