Following discussions with Ursula von der Leyen, the head of the European Commission, Trump postponed tariffs, which calmed concerns about a trade war and improved sentiment on the world market.
Following US President Donald Trump’s unexpected extension of a deadline to impose heavy tariffs on EU goods, which alleviated market concerns and bolstered risk assets, Bitcoin surged 1.4% higher on Monday, surpassing $109,600.
Trump’s decision, announced late Sunday, to postpone the possible implementation of 50% tariffs on EU imports until July 9 was the catalyst for the spike.
Due to sluggish progress in trade talks with the EU, the president had just two days before threatened to implement the tariffs by June 1.
Trump tariff delay signals possible thaw in US-EU trade tensions
Ursula von der Leyen, the president of the European Commission, requested more time to reach a favorable agreement, which led to the delay. Global markets had earlier been affected by concerns of an impending trade war, but this de-escalation eased those concerns.
Trump first proposed a 20% duty on EU imports last month, but he later changed it to 10% with an early July grace period. The administration’s erratic trade policy, which has continued to tremble international markets, is reflected in the evolving timetable.
Investors, however, applauded the most recent respite, seeing it as a sign of a potential settlement and more communication between Washington and Brussels.
After a tumultuous period in April during which aggressive trade posturing and growth fears caused a widespread sell-off across asset classes, market mood had already started to level off. According to analysts, traders are shifting their investments into Bitcoin and other cryptocurrencies as a result of the halt in tariff escalation, which has helped increase their stomach for risk.
Bitcoin hit ATH above $111K on ETF momentym and risk-on sentiment
Bitcoin’s movement is also linked to more general structural demand. The asset momentarily reached a record high of $111,814 last week, helped by ongoing inflows from corporate investors and exchange-traded funds.
According to data source SoSoValue, net weekly inflows into spot Bitcoin ETFs were $2.75 billion between May 19 and May 23. There were no outflows during that time, and Ethereum ETFs reported $248 million in inflows.
Bitcoin has surpassed the S&P 500 by almost 100 percentage points over the last 18 months, solidifying its position as a high-beta asset that attracts capital during periods of risk-on. Corporate purchasers like Michael Saylor of MicroStrategy, who helped legitimize large-scale Bitcoin acquisition among institutions, have become more and more popular with investors.
Bitcoin’s continued sensitivity to macroeconomic events, especially changes in US trade policy, is highlighted by Monday’s rally. Even though the de-escalation provided instant respite, market players are nonetheless wary since they know that mood might quickly shift in reaction to the next political action.
After Bitcoin, crypto trader James Wynn sets sight on PEPE with 10x leverage long
Crypto trader James Wynn takes a 10x leverage long position for PEPE Coin on the Hyperliquid platform after winning $25 million in his Bitcoin wager.
After becoming well-known for initiating a 40x leverage long position in Bitcoin, cryptocurrency trader James Wynn has now initiated a 10x leverage long position for PEPE Coin. This occurs shortly after Wynn closed all of his investments while Bitcoin fluctuates between $108K and $112K. Wynn eventually comes away with $25 million in earnings from his Bitcoin bets after placing enormous wagers on the decentralized derivatives platform Hyperliquid. He has already made another $200K on the meme coin bet.
Crypto trader James Wynn goes 10x leverage long on PEPE
Renowned cryptocurrency trader James Wynn opened a long position with 10x leverage on the Hyperliquid platform, placing another audacious wager on the meme coin PEPE. Previously, Wynn made $26 million from a long-PEPE trade, savoring enormous success on his meme coin wager. The price of PEPE quickly increased by more than 3%, and its market value reached $6 billion. Its daily trading volume also soared by 40% to $1.5 billion.
Ok so left a milly in my perps account. Put it all on $pepe 10x leverage.
Up $200k in just a few hours. But man, the itch to open up a billion dollar long and go full degen gambler is calling hahaha…
I will not do it. Gotta get back to my people in the trenches. It’s where I… pic.twitter.com/hg35LxiAZT
— James Wynn 🐳 (@JamesWynnReal) May 26, 2025
Wynn nets $25 million profit in Bitcoin trade
James Wynn placed a 40x leverage long bet on Hyperliquid last week, just as the price of Bitcoin hit an all-time high of $11,970, drawing the interest of both investors. But as soon as US President Donald Trump threatened to impose a 50% tariff on the EU, Bitcoin quickly undid its gains. Wynn was compelled by this to reverse his position and place a $1 billion short Bitcoin wager on Sunday.
However, the price of Bitcoin experienced a slight increase once more, rising 1.2% to $110 levels as soon as Donald Trump declared that he would postpone imposing tariffs on the EU until July 9. Wynn ultimately squared off his investment with a $25 million profit as a result of this volatility and flip-flop.
To all the fans and haters:
We had a good run gambling on perps
At peak the account was up $87,000,000 profits from like $3-$4m.
Now decided to leave the casino with my $25,000,000 profit
It’s been fun, but now it’s time for me to walk away a wynner
Wynn 1-0 Haters… pic.twitter.com/vuUiET2CQZ
— James Wynn 🐳 (@JamesWynnReal) May 26, 2025
Hyperliquid gains popularity
James Wynn’s trading activity during the last 75 days was exceptional, as he performed 38 trades. 17 of these turned a profit, yielding a 45% victory rate. The Hyperliquid platform received almost $2.31 million in fees as a result of the trader’s high volume of activity. In terms of revenue generation, it has therefore surpassed leading market participants like Tron, Ethereum, BNB Chain, and others.
Today’s 12% increase in the price of Hyperliquid (HYPE) brings its weekly gains to 50% and a new all-time high of $40. The rally may continue to reach $45 during the upcoming month of June, according to our hype price prediction data.
In the derivatives market, Hyperliquid has cemented its standing as the preferred platform for the cryptocurrency community. The platform’s sophisticated Web3 infrastructure allows users to easily access and keep an eye on on-chain activity that is directly related to trade activities. In this current rise, legendary trader Arthur Hayes believes that the HYPE price will soar to $100.
Investor sues Coinbase over stock slide tied to data breach and $4.5 million FCA fine
Coinbase, a cryptocurrency exchange, is the target of a recent class action lawsuit. The corporation and its top officials, including CFO Alesia Haas and CEO Brian Armstrong, are accused in the lawsuit of failing to disclose significant regulatory infractions in the company’s UK operations and of postponing the notification of a significant data breach involving insider misbehavior.
It claims that investors suffered significant financial losses as a result of Coinbase’s lack of openness on these instances and demands damages be paid.
Coinbase faces lawsuit after stock price drops
The case was filed in the US District Court for the Eastern District of Pennsylvania by investor Brady Nessler. Shareholders who bought Coinbase stock (COIN) between April 14, 2021, and May 14, 2025, are represented in the lawsuit.
According to the complaint, Coinbase allegedly withheld important details on a data breach. According to a recent BeInCrypto investigation, Coinbase was the target of a $20 million extortion attempt by cybercriminals who obtained private client information, including as names, addresses, and identification numbers. To obtain this information, the thieves bought off support workers abroad.
The business emphasized, meanwhile, that “less than 1%” of its monthly active customers were affected by the hack. The breach was found months earlier, but it wasn’t made public until May 15, 2025, after the extortion attempt, according to court filings. COIN dropped 7.2% as a result of this disclosure, closing at $244 that same day.
“As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s common shares, Plaintiff and other Class members have suffered significant losses and damages,” Nessler claimed.
Another occurrence that had a negative effect on stock prices is also brought up in the case. Coinbase’s UK subsidiary, CB Payments Ltd. (CBPL), was officially fined £3.5 million (about $4.5 million) by the UK’s Financial Conduct Authority (FCA) on July 25, 2024, for violating a 2020 regulatory agreement that forbade enrolling high-risk clients.
Despite being expressly prohibited, the FCA found that CBPL had permitted 13,416 high-risk users to use its services, facilitating about $226 million in cryptocurrency transactions. According to the lawsuit, Coinbase further deceived investors about the company’s operational integrity by failing to disclose these regulatory difficulties.
“On this news, the price of Coinbase’s common stock fell by $13.52 per share, or 5.52%, to close at $231.52 on July 25, 2024,” the lawsuit read.
In addition to demanding monetary damages, payment of legal bills, and a jury trial, the plaintiff is also asking for class certification. Regarding the Nessler case, Coinbase has not yet made a public statement.
In the meantime, COIN was able to somewhat bounce back from its lows on May 15. However, after the market closed on May 23, Coinbase’s stock had lost 3.23% of its value, according to Yahoo Finance data. This corresponds to a $8.79 decline, lowering the stock price to $263.1.
