From Yahoo Finance: 2025-06-08 10:01:00

James Wynn, a pseudonymous cryptocurrency trader, made headlines with a $1 billion long bet on Bitcoin using 40x leverage on Hyperliquid. His unrealized profit swelled to $100 million, but it quickly turned into a $17.5 million loss as Bitcoin retreated from its highs.

Despite the setback, Wynn asked followers for donations to “fight the market making cabal,” receiving approximately $54,000. He used at least $20,000 to support another risky 40x BTC long. The new position nearly liquidated before rebounding, putting Wynn $60,000 in profit. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points. Investors are concerned about rising inflation and interest rates leading to a potential economic slowdown.

2. A new study has found that COVID-19 vaccine effectiveness wanes over time, especially against the Delta variant. Booster shots are being recommended for those who received the vaccine more than six months ago.

3. The United Nations has issued a warning about the growing climate crisis, citing record-breaking temperatures and extreme weather events worldwide. Urgent action is needed to reduce carbon emissions and prevent further environmental damage.

4. In sports news, a major upset occurred in the tennis world as a top-ranked player was defeated by an underdog in a stunning display of skill and determination. Fans are buzzing about the unexpected outcome of the match.

5. A groundbreaking new technology has been developed that can convert plastic waste into clean energy. This innovation has the potential to revolutionize waste management practices and reduce the environmental impact of plastic pollution.

Read more: This Bitcoin Trader Went From A $1 Billion Long Position To Begging For Donations