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James Wynn, the notorious high-leverage crypto trader who lost a staggering $100 million earlier this year after betting $1 billion on Bitcoin (BTC) longs, is back in the spotlight. After weeks of silence following his steep trading losses, on-chain data now shows Wynn has returned to trading again—this time placing risky bets on PEPE and BTC. 

Overleveraged Bitcoin Trader Hits Back With 10x PEPE Bet

After vanishing from social media earlier in 2025 and experiencing one of the most dramatic crypto trading collapses, Wynn is making a comeback, and this time, he’s betting big on a volatile meme coin, PEPE. The notorious Bitcoin trader has reportedly resumed trading the perpetual version of PEPE with fresh leveraged exposure on the decentralized derivatives platform Hyperliquid. 

According to blockchain analytics platform Lookonchain, Wynn returned to the market through the same crypto wallet address tied to his previous trades. On-chain data reveals that his latest position involves a 10x long on kPEPE, funded almost entirely by his recently claimed referral reward of 6,792.53 USDC—a striking contrast to the billion-dollar positions he previously commanded.

Updated information from HyperDash reveals that the trader opened a long position of approximately $89,000 on kPEPE. The position is running at 10x leverage, meaning the actual capital backing it is around $8,800, while the exposure exceeds $89,000. Notably, Wynn had bought over 6.8 million kPEPE, betting entirely on the token’s upside. At this leverage level, just a 10% drop in PEPE’s price could entirely wipe out the margin used to back this trade, making this an extremely high-risk move. 

Interestingly, Wynn’s comeback follows his public fallout in May 2025, when his massive $1 billion leveraged BTC longs were liquidated during a price dip below $105,000, resulting in a staggering $100 million (949 BTC) loss. This incident caught the attention of the crypto community, sparking controversy and widespread discussions. Now the Bitcoin trader is facing renewed scrutiny from various crypto community members, with some labeling him a degen trader and others questioning his risk management skills.

Wynn Makes Bold 40X Bet On Bitcoin

Despite accruing massive losses that forced him offline, Wynn is making another extremely high-risk Bitcoin trade, involving a $468,000 position and 40X leverage. In an earlier post, Lookonchain reported that the trader had deposited 468,000 USDC into Hyperliquid and opened a new leveraged long on Bitcoin, with a liquidation price of $115,570. 

Updated data from HyperDash revealed that Wynn has opened a $23.9 million long position on Bitcoin with 40x leverage on Hyperliquid. The position size includes over 202 BTC, and the trader is fully committed to the cryptocurrency’s potential upside movement. 

At 40x leverage, only 2.5% price movement against the trade would be enough to trigger a complete BTC liquidation, wiping out the entire margin backing Wynn’s position. This significantly high-risk strategy leaves no room for error, especially in a market as volatile as Bitcoin.

Featured image from Pixabay, chart from Tradingview.com

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Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on the Toronto Stock Exchange.

MOGO closed July 1 priced at 1.74 Canadian dollars, worth roughly $1.28. It opened on July 2, priced at 4.18 Canadian dollars, equivalent to $3.08. The move is the largest daily increase in Mogo’s shares since 2021.

As of press time, MOGO was trading at 3.60 Canadian dollars, up roughly 107% over the past 24 hours.

The firm told investors it will fund the allocation with surplus cash and future portfolio monetizations once the WonderFi–Robinhood sale closes in the second half of 2025.

Management expects to hold approximately $50 million in cash and investments at that point. It plans to convert the balance into Bitcoin in tranches, while maintaining sufficient working capital for its lending, wealth management, and payments arms.

President and co-founder Greg Feller said the move continues a crypto strategy that began with Canada’s first retail Bitcoin account in 2018 and the firm’s initial balance sheet purchase in 2020.

Bitcoin reserve and capital benchmark

Management will now test every deployment of corporate capital, such as mergers, product investments, and share buybacks, against an internal Bitcoin hurdle rate and will reject projects expected to yield returns that lag behind the asset’s long-term return. 

Feller called the rule “a new bar for capital discipline” and framed it as a hard-coded check on incremental spending.

CEO David Feller linked the policy to Mogo’s “Warren Buffett” behavioral framework, which stresses long-horizon decisions and mental focus. 

The company will embed Bitcoin across its businesses in a “Wealth” model, consisting of a 60/40 equity and Bitcoin portfolio on the $400 million assets under management platform, and a lending arm with collateralised BTC loans aimed at lower borrowing costs.

Furthermore, an effort to explore stablecoin rails will focus on $12 billion in annual cross-border volume.

Mogo holds minority stakes in Gemini and Hootsuite, which it can liquidate to accelerate purchases. It also retains indirect exposure through a 12% stake in WonderFi, the parent of Canada’s largest independent crypto exchange.

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The national spokesperson for India’s ruling party has suggested that the country should explore a Bitcoin (BTC) reserve pilot and proactively work on a regulatory framework for crypto assets to lead the growing industry and strengthen its economy.

Politician Pushes For Bitcoin Reserve Pilot

On Thursday, Pradeep Bhandari, the national spokesperson of the Bharatiya Janata Party (BJP), urged the Indian government to explore a Bitcoin strategy to strengthen the country’s economy and project innovation.

In an article for India Today, Bhandari praised the US efforts to establish a Strategic Bitcoin Reserve, exploring budget-neutral options to expand its holdings without using taxpayers’ money.

He highlighted the US states’ race to pass crypto legislation and establish reserves. Notably, three states have already passed bills that allow the creation of a BTC reserve, with some, such as Texas, enabling the use of public funds to purchase and hold Bitcoin as a reserve asset.

Similarly, Arizona recently passed a bill that updated the state’s unclaimed property laws to include Bitcoin and other cryptocurrencies, technically creating Arizona’s first crypto reserve.

He also noted Bhutan’s crypto strategy, mining BTC using hydropower since 2021, offering a regional perspective. Notably, the South Asian country amassed a $1 billion Bitcoin reserve by May 2025.

BJP’s national spokesperson considers that the US shift and Bhutan’s strategy invite reflection about how BTC, thoughtfully integrated, could enhance India’s economic toolkit. “For India, observing this offers a lens to assess whether Bitcoin could diversify our reserves, complementing traditional holdings in an uncertain global economy,” the article reads.

Meanwhile, he suggested that the country, with its renewable energy capacity, could adapt Bhutan’s successful model, which shows that “digital assets can stabilise economies, a point worth considering.”

Crypto Regulatory Reform: A Must

According to Bhandari, these measures “reflect a growing recognition of Bitcoin’s potential to bolster fiscal resilience and serve as a hedge in uncertain economic conditions,” adding that these efforts aren’t a “reckless pivot,” but a “calculated step” toward embracing the legitimacy of digital assets.

Therefore, India stands at “a pivotal juncture,” having the opportunity to lead global markets with a “measured Bitcoin strategy,” like a reserve pilot, to “strengthen economic resilience and project modernity.”

Nonetheless, he explained that regulation in the country remains pivotal as India’s crypto policy needs clarity to unlock the industry’s potential. Notably, authorities tax crypto assets, but the sector remains highly unregulated.

BJP’s national spokesperson pointed out that in 2023, India chaired a crypto working group with the International Monetary Fund (IMF) to shape global standards. However, he considers it necessary to “race ahead” like the US and other jurisdictions, instead of pausing for consensus.

Clear regulation could bring both transparency and the required oversight to this emerging asset class—enabling responsible innovation while protecting a rising investor class.

He concluded that regulation is essential for “fostering institutional confidence and building a framework where Bitcoin can play a meaningful role in India’s macroeconomic strategy.”

Bitcoin trades at $107,512 on the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635.

The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin. Puckrin said that a recession and the current macroeconomic uncertainty could put pressure on risky assets such as cryptocurrencies.

However, not everyone is bearish on Bitcoin in the near term. Analyst Stockmoney Lizards said in a post on X that Bitcoin’s local bottom could be between $82,000 and $80,000. The analyst anticipates Bitcoin to make a reversal next week.

If Bitcoin starts a recovery, select altcoins are likely to move higher. Let’s look at the charts of the top cryptocurrencies that are showing a bullish setup.

Bitcoin price analysis

Bitcoin’s failure to rise above the resistance line may have tempted selling by traders. The bears will try to pull the price toward the critical $80,000 support.

The 20-day exponential moving average ($85,253) is flattish, and the relative strength index (RSI) is just below the midpoint, giving a slight advantage to the bears. If the $80,000 support cracks, the BTC/USDT pair could plunge to $76,606.

On the other hand, if the price turns up from the current level or $80,000, it improves the prospects of a rally above the resistance line. If that happens, it suggests an end of the corrective phase. The pair could rally to $95,000 and then to $100,000.

The 20-EMA has turned down on the 4-hour chart, and the RSI is in the negative territory, signaling that bears are in control. If the price turns down from the current level, the pair could slide to $80,000 and then to $78,000.

Buyers will have to drive and maintain the price above the 20-EMA to signal strength. The pair may then rise to the resistance line, which is a critical resistance to watch out for. The bullish momentum is expected to begin on a break above $89,000.

Toncoin price analysis

Toncoin (TON) bounced off the moving averages on March 30, indicating a positive sentiment.

The upsloping 20-day EMA ($3.58) and the RSI in the positive zone indicate advantage to buyers. The bulls will try to strengthen their position by pushing the price above $4.14. If they can pull it off, the TON/USDT pair may start a new upmove to $5 and, after that, to $5.65.

Sellers will have to yank the price below the $3.3 support to seize control. Such a move signals that bears remain sellers on rallies. The pair could plummet to $2.81 and eventually to $2.64.

The pair turned up from the uptrend line, indicating that the bulls are viewing the dips as a buying opportunity. The pair could reach the overhead resistance of $4.14, where the bears are expected to step in. However, if buyers pierce the resistance, the pair could start the next leg of the upmove toward $5.

The bears will be back in the driver’s seat if they sink and sustain the price below the uptrend line. The pair may then drop to $3.28.

Cronos price analysis

Cronos (CRO) broke out of the moving averages on March 24, signaling that the downtrend could have ended.

The CRO/USDT pair is facing selling near $0.12, but a positive sign in favor of the bulls is that they have not allowed the price to sustain below the $0.10 support. This suggests that buyers are trying to form a higher low. If the bulls shove the price above $0.12, the pair could rally toward $0.14.

Sellers are likely to have other plans. They will try to sink the price below the moving averages and trap the aggressive bulls.

The pair has been range-bound between $0.10 and $0.12, indicating indecision between the bulls and the bears. The 20-EMA is sloping up gradually, and the RSI is just above the midpoint, giving a slight edge to the bulls. A break and close above $0.11 increases the likelihood of a rally above $0.12.

Sellers will be back in the driver’s seat if they sink and maintain the price below the 50-SMA. That could pull the pair down to $0.08.

Related: Is XRP price around $2 an opportunity or the bull market’s end? Analysts weigh in

Mantle price analysis

Mantle (MNT) failed to rise above the 50-day SMA ($0.84) in the past few days, but a positive sign is that the bulls are trying to hold the price above the 20-day EMA ($0.80).

If the price rebounds off the 20-day EMA with strength, it will suggest a change in sentiment from selling on rallies to buying on dips. That improves the prospects of a break above the 50-day SMA. If that happens, the MNT/USDT pair could ascend to $0.94 and later to $1.06.

Contrary to this assumption, if the price continues lower and breaks below $0.77, it will tilt the short-term advantage in favor of the bears. The pair may then tumble to $0.72, delaying the start of the up move.

The 4-hour chart is facing stiff resistance at $0.85. The pair may dip to $0.77, which is a critical support to watch out for. If the price rebounds off $0.77, it will signal that the bulls are buying on dips. That could keep the pair stuck between $0.77 and $0.85 for some time. A break and close above $0.85 could push the pair toward $0.95.

Sellers will have to pull the price below $0.77 to gain the upper hand. The pair could then drop toward $0.69.

Render price analysis

Render (RNDR) has been in a strong downtrend for several weeks, but the bulls pushed the price above the 50-day SMA ($3.77) on March 25, signaling demand at lower levels.

The bears have pulled the price to the 20-day EMA ($3.57), which is an important level to watch out for. If the price rebounds off the 20-day EMA with force, the bulls will try to propel the RNDR/USDT pair to $5 and later to $6.20.

This positive view will be invalidated in the near term if the price continues lower and closes below $3.05. That signals aggressive selling at higher levels. The pair may slump to $2.83 and subsequently to $2.52.

The 20-EMA has turned down, and the RSI is in the negative territory on the 4-hour chart, indicating an advantage to sellers. A break and close below the uptrend line will further strengthen the bears, pulling the pair to $3.

The first sign of strength will be a break and close above the moving averages. That could open the doors for a rally to $4. The up move could accelerate after the pair closes above $4.20, completing a bullish head-and-shoulders pattern. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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What just happened? Intel announced a significant revision to the construction timeline of its Ohio One semiconductor manufacturing site in New Albany. The setback is the third substantial delay from the facility’s original 2025 completion target. Intel emphasizes its commitment to the project and its ability to accelerate construction if market demand warrants.

The first phase of the facility, known as Mod 1, should be finished in 2030, with chip production beginning between 2030 and 2031. The company’s revised timeline also affects the project’s second phase, Mod 2, pushing it back to a 2031 completion date, with operations beginning in 2032.

The Ohio One campus, once dubbed the “Silicon Heartland,” is an ambitious undertaking. It will span approximately 1,000 acres and include up to eight semiconductor fabrication plants. The site will also accommodate support operations and industry partners. Initial investment estimates were around $20 billion, with potential for up to $100 billion in total development costs.

Despite the frequent delays, the site has made significant construction progress since work began in 2022. Key milestones include completion of the underground foundation, commencement of above-ground construction, installation of air separation units and underground piping, pouring over 200,000 cubic yards of concrete, and more than 6.4 million hours of invested labor.

The revised timeline reveals that the Ohio facilities will utilize process technologies developed after Intel’s 14A and 14A-E nodes, currently scheduled for introduction in 2026-2027. These advanced manufacturing processes will likely rely on ASML’s cutting-edge High-NA EUV lithography tools, costing around $350 million each.

Intel has already begun hiring and training employees for the Ohio facility. Workers are receiving training at existing Intel sites in Arizona, New Mexico, and Oregon, preparing them for the eventual opening of the local facility.

Intel’s decision to delay the Ohio plant opening comes amid a challenging period for the company and the semiconductor industry. The past year has seen Intel grappling with financial losses, layoffs, and leadership changes. The company has also made strategic decisions to simplify its product roadmap, including canceling an AI chip project.

While the delay may raise concerns about Intel’s outlook on future demand, it also allows the company to manage its capital expenditures more effectively during market uncertainty. By postponing significant investments in production equipment, Intel can focus on returning to profitability while maintaining the flexibility to ramp up operations when market conditions improve.