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Domestic gold prices opened the new week (April 6) with a broad decline from the previous week’s close, as world gold prices fell due to positive US jobs data, raising expectations that the Federal Reserve will keep interest rates high for longer. As of 13:45 on April 6, domestic gold…
Pseudonymous cryptocurrency trader James Wynn, known for high-risk leveraged bets, was liquidated after taking short positions on Bitcoin, according to Lookonchain, which cited data from the Hyperliquid perpetual exchange.
Lookonchain said Wynn opened several Bitcoin short positions at entry prices ranging from $66,975 to $67,264. Bitcoin then rose to $69,500 late Sunday, pushing the positions into unrealized losses that reduced margin and triggered automatic liquidations.
The most recent liquidation was executed at $67,955. Lookonchain reported that this was Wynn’s sixth liquidation over the past two weeks, and that no open positions remained active.
Lookonchain reported that Wynn’s account balance fell from a peak of more than $84 million to $914 at the time of writing. The short-term leveraged bets resulted in more than $22 million in combined losses, reversing earlier performance that peaked at $76 million in profits in May last year.
Wynn first drew attention in March 2025 after turning a $3 million position into $100 million through a series of high-leverage trades, primarily involving the meme coin Pepe. The rapid gains attracted widespread online attention, with traders monitoring Wynn’s on-chain activity.
Wynn later acknowledged that they lost $100 million within days following a failed run of leveraged trades on Hyperliquid, writing on X: “With all this new attention, the trading spiraled out of control. I was basically gambling.”
At the time of writing, Bitcoin was trading at $69,038.46, up 3.33% over the previous 24 hours, according to Benzinga Pro.
Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. While it can amplify profits, it also increases the risk of substantial losses due to the volatility of cryptocurrencies.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
