Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’ exploit: Finance Redefined

Arthur Hayes believes that Bitcoin is set to reach $110,000, before it retests the $76,500 area. He attributes this to the easing of inflationary fears and the more favourable monetary policies in the US, which are expected to boost risk assets including the first cryptocurrency.

Then, there is still the decentralized finance (DeFi) The industry suffered another blow after an unidentified whale used Hyperliquid’s algorithms to make over $6,000,000 in profit from a short memecoin position.

Bitcoin “more likely” to hit $110,000 before $76,500 — Arthur Hayes

Some market analysts believe that Bitcoin could reach an all-time record high of $110,000 without any major retracements. They cite the easing of inflation and increased global liquidity as factors driving a rally.

BitcoinBTC( ) is up for the second week in a row. TradingView data show that on Wednesday, March 23 it closed at just above $86,000.

According to Arthur Hayes of Maelstrom, chief investment officer and co-founder at BitMEX, the fading of inflation concerns may help Bitcoin reach a new high of $110,000.

Hayes wrote a letter in the 24th of March. post:

“I bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause of “Inflation transitory” JAYPOW told me so.”

“What I mean is that the price is more likely to hit $110k than $76.5k next. If we hit $110k, then it’s yachtzee time and we ain’t looking back until $250k,” Hayes has added a second song X post.

When the US Federal Reserve reduces its balance by selling bonds, or letting matured ones without reinvesting their proceeds. quantitative easing (QE) This means the Fed will buy bonds and inject money into an economy in order to lower interest rate and stimulate spending when financial conditions are difficult.

Analysts have also pointed out the fact that, although QT has been lowered by the Fed it is still not fully easing.

“QT is not ‘basically over’ on April 1st. They still have $35B/mo coming off from mortgage backed securities. They just slowed QT from $60B/mo to $40B/mo,” according Benjamin Cowen is founder and CEO of IntoTheCryptoVerse.

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After $6.2 Million in exploit, Hyperliquid whale holds 10% of JELLY mecoin

According to analysts, a crypto-whale who allegedly tried to manipulate the price for the memecoin Jelly my Jelly on Hyperliquid’s decentralized exchange is still holding nearly two million dollars worth of this token.

The unidentified whale Hyperliquid has generated at least $6.26 Million in profits by utilizing the liquidation parameter settings.

The postmortem report of blockchain intelligence firm Arkham states that the whale took three big trading positions in five minutes. Two long positions valued at $2.15m and $1.9m and a short position worth $4.1m. effectively offset the longs.

Due to the size of the short position, it was not liquidated immediately when the JELLY price rose 400%. The $4 million short position was not immediately liquidated due to its size. Instead, it went into the Hyperliquidity Provider Vault.

According to Blockchain investigator ZachXBT, the entity could still hold nearly $2 million of token supply.

“Five addresses linked to the entity who manipulated JELLY on Hyperliquid still hold ~10% of the JELLY supply on Solana ($1.9M+). All JELLY was purchased since March 22, 2025,” In a Telegram posting on March 26th, he said.

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Fidelity launches stablecoins after SOL ETF “regulatory litmus test”

Fidelity Investments reportedly is in the final testing stages of a US Dollar-pegged Stablecoin. The firm’s latest foray into digital assets comes amid an improved crypto regulatory climate, thanks to the Trump Administration.

Fidelity Digital Assets plans to introduce the stablecoin via its $5.8 trillion assets division. according A report in the Financial Times on March 25, citing anonymous insiders, reveals that the issue is a serious one.

According to reports the development of stablecoins is part and parcel of Fidelity’s larger push towards crypto-based products. Fidelity has also launched an Ethereum-based cryptocurrency. “OnChain” The fund’s US dollar money-market funds are classified as a share class.

Fidelity’s filing of March 21 with US securities regulator stated The OnChain class of shares would allow the Fidelity Treasury Digital Fund ($80 million) to track its transactions. consisting This is almost exclusively made up of US Treasury notes.

Fidelity stated that the OnChain class share filing, which is still awaiting regulatory approval is scheduled to go into effect on 30 May.

After the launch of Bitcoin, more US-based financial institutions have begun to offer cryptocurrency. President Donald Trump’s election Signaled a change in policy.

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Polymarket is under investigation for a $7 million Ukraine minerals deal

Polymarket is facing criticism after an outcome that led to a controversy raised suspicions about potential manipulation of governance in a high stakes bet.

On the platform, a betting market asked if US President Donald Trump will accept a deal on rare earth minerals with Ukraine by April. Even though no such event occurred, the market settled. “Yes,” Triggering a reaction from industry watchers and users.

It may be a sign of a “governance attack” In which a dolphin from the UMA Protocol “used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit,” Vladimir S., a crypto-threat researcher.

“The tycoon cast 5 million tokens through three accounts, accounting for 25% of the total votes. Polymarket is committed to preventing this from happening again,” In a post on March 26, X, he said.

Polymarket relies on UMA Protocol’s blockchain oracles to confirm real events and resolve market outcomes.

Polymarket shows that the trading volume on this market was more than $7 Million before it settled down on 25 March.

But not all agree that this was an attack coordinated. Tenadome, a user of Polymarket who uses a pseudonym, claimed that negligence was to blame for the accident.

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DWF Labs announces $250 Million Fund for Crypto Adoption

DWF Labs, a crypto-market maker and investor based in Dubai, has launched a Liquid Fund of $250 million to help accelerate the growth and adoption of Web3 technology.

DWF Labs plans to invest $25 Million and $10 Million as part of its fund.

Cointelegraph received an announcement on the 24th of March that stated the goal was to expand the crypto space by investing strategic funds ranging between $10 and $50 millions in projects which have the ability to spur real-world adoption.

Funding will be focused on projects that have significant blockchain potential “usability and discoverability,” Andrei Grachev is the managing partner at DWF Labs.

“We’re focusing our support on mid-to-large-cap projects, the tokens and platforms that typically serve as entry points for retail users,” Grachev added:

“However, good technology and utility alone isn’t sufficient. Users first need to discover these projects, comprehend their value and develop trust.”

“We believe that strategic capital, coupled with hands-on ecosystem development, is the key to unlocking the next wave of growth for the industry,” “He said”

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Market overview of DeFi

Data from Cointelegraph Markets Pro TradingView shows that most of the top 100 cryptocurrencies by capitalization have ended up in positive territory.

BNB’s Chain-native Four Token (FORM) was the biggest winner this week, rising over 40%.CRO( token) is up 37% in the chart for this week, despite Blockchain investigators accusing Crypto.com of manipulating The CRO token supply has been increased to 70 billion after the re-issuing of tokens. “permanently” Burned in 2021

Thank you for reading this summary of the most important DeFi news from last week. Next Friday, we’ll be back with more information and stories about this rapidly evolving space.