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It took a few years for the idea to catch on, but it’s fair to say the world knows all about Bitcoin now. The days when viral pranksters would hold up signs behind Janet Yellen in Congress or wield placards on Wall Street are gone. Bitcoin has won, along with everyone bold enough to have
The post Beyond Billboards: Why Crypto’s Future Depends on Smarter Sports Sponsorships appeared first on CoinGape.
Cathie Wood, CEO of ARK Invest, has expressed confidence that a new directive from the U.S. Federal Housing Finance Agency (FHFA) could have a major impact on Bitcoin. The move, which aims to incorporate cryptocurrency holdings like Bitcoin into the mortgage qualification process, may help crypto holders access home loans without needing to convert their
The post Cathie Wood Predicts FHFA Mortgage Rule Could Boost Bitcoin “Significantly” appeared first on CoinGape.
Ripple CEO Brad Garlinghouse and other notable crypto stakeholders will attend the White House Crypto Summit tomorrow. The crypto community is looking forward to the Summit, as US President Donald Trump could make announcements related to the Strategic Reserve.
In an X post, FOX Journalist Eleanor Terrett confirmed that Ripple CEO Brad Garlinghouse will attend tomorrow’s White House Crypto Summit. Before now, it was uncertain if Garlinghouse would attend the Summit as he hadn’t mentioned anything in such regard.
Garlinghouse’s attendance at the Summit is significant as he will be representing the Ripple and XRP community. The Summit is particularly of interest to the XRP community as Donald Trump could give more details about the proposed Crypto Strategic Reserve, just days after the US president announced that XRP will be in the Reserve.
Meanwhile, Terrett also revealed some other crypto stakeholders who will attend the Crypto Summit. They include Chris Giancarlo, the former chairman of the US CFTC; Kris Marszalek, the CEO of Crypto.com; and Gemini’s founders Cameron and Tyler Winklevoss.
Robinhood’s CEO Vlad Tenev, Coinbase’s CEO Brian Armstrong, and Kraken’s CEO Arjun Sethi will attend the White House Crypto Summit. As CoinGape reported, MicroStrategy’s Executive Chairman Michael Saylor, JP Richardson, CEO of Exodus, and Matt Huang, co-founder of Paradigm, will also attend alongside the Ripple CEO and other stakeholders.
White House AI and Crypto Czar David Sacks confirmed that Terrett’s list looks correct. He noted that the Summit is not a conference but a roundtable. As such, while they appreciate the interest shown by several stakeholders, they intend to keep it small to have a “meaningful conversation.”
In an X post, Zach Witkoff, co-founder of World Liberty Financial, confirmed that he will attend the White House Crypto Summit alongside the Ripple CEO and other crypto stakeholders.
Witkoff made this revelation while addressing the crypto community’s call for an ETH representative at the White House Crypto Summit on Friday. He indicated that he was representing the Ethereum community while affirming that his company has been one of the biggest Ethereum supporters from day one.
In line with this, he remarked that they stand with the ETH community and asked community members what they want him to discuss at the Summit. Joseph Lubin, the co-founder of the top layer-1 network, also said he is happy to confirm that Zach is an Ethereum OG and is working with other ETH OGs.
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ZachXBT’s investigation claims that the mysterious 50X Hyperliquid whale is actually a British cyber criminal named William Parker (formerly known as Alistair Packover). Parker has a long history of fraud, hacking, and casino theft.
This trader made headlines by profiting roughly $20 million from a series of highly leveraged trades
The “50X Hyperliquid Whale” is the nickname given to a trader known for using extremely high leverage—up to 50x—on decentralized perpetual futures platforms like Hyperliquid and GMX.
William Parker is a British cyber criminal with a long track record in hacking and fraud.
“I tracked down a recent payment from 0xe4d3 to an unnamed person who confirmed they had been paid by the Hyperliquid trader. They provided a UK phone number used to communicate with them. Public record reveals the name William Parker is likely tied to this number,” wrote ZachXBT.
He was arrested in 2023 for allegedly stealing around $1 million from two casinos. Even after serving time, Parker continued his illicit activities.
Reportedly, he has been using phishing scams and other techniques to acquire funds. He later leveraged these in high-stakes crypto trading.
So, how did he actually make $20 million in a very short time? The answer is ‘using leverage’.
In crypto, leverage means borrowing funds to increase the size of your trading position. In this case, the whale used up to 50× leverage. This means that even a small favorable move in an asset’s price could multiply his profits many times over.
For example, if he had a 50× leveraged position and the price moved 2% in his favor, that 2% swing could translate into about a 100% gain on his original investment.
“A whale who opened a $450 million short position on btc with 40x leverage closed all their trades, making a $9.46M profit in 8 days. Although this person is referred to as a “Hyperliquid whale,” they are actually a criminal, gambling with stolen funds,” wrote Web3 attorney Langerius.
The trader, William Parker, as revealed by ZachXBT, opened very large positions in cryptocurrencies like Bitcoin and Ether during volatile market moments.
He timed his trades when the market was moving rapidly earlier this month due to the whole White House Crypto Summit and Bitcoin reserve saga.
The volatile market sentiment allowed him to move around big events or sudden price changes.
“When a whale shorts over $450 million in BTC and wants a public audience, it’s only possible on Hyperliquid. Anyone can photoshop a PNL screenshot. No one can question a Hyperliquid position, just like no one can question a Bitcoin balance. The decentralized future is here,” Hyperliquid wrote on X (formerly Twitter).
In some cases, his massive trades also forced other traders into liquidation. When a trader’s position is liquidated, the system sells its assets at a loss to cover the borrowed funds.
This boosted the whale’s gains and also disrupted the market. Although using 50× leverage is extremely risky, Parker managed his trades carefully.
His strategy was successful enough that he reportedly made around $20 million from these high-stakes moves.
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