Final Message: “Broke” Before Vanishing From X

James Wynn, notorious for his massive Bitcoin leverage plays, has deactivated his X (formerly Twitter) account. The handle “JamesWynnReal” now displays “This account doesn’t exist.” Before going offline, his final bio update was a single word: “broke.”

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His known wallets now show a total of just $10,176—down from managing over $100 million in crypto assets. Data from Arkham Intelligence and Hypurrscan confirm this dramatic loss, signaling the end of a short yet explosive chapter in crypto speculation.

From Big Bets To Bigger Losses: Bitcoin Positions Wiped Out

In May 2025, James Wynn’s $100 million long position in Bitcoin was liquidated after the price dipped below $105,000, wiping out 949 BTC. He had admitted in a since-deleted post:

“I do not follow proper risk management, nor do I claim to be a professional. If anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything.”

Despite this, Wynn opened another $100 million bet days later. He claimed his trades were being deliberately liquidated and appealed for donations, receiving funds from at least 24 addresses. He liquidated 240 BTC—worth around $25 million at the time—in an effort to reduce his remaining position’s liquidation price. But it was not enough.

A Cautionary Tale For Crypto Traders

Long-term crypto investors now cite Wynn as a cautionary example. His downfall illustrates the brutal consequences of ignoring risk and chasing short-term gains with high leverage. For many, this saga underscores the importance of patience and strategy over gambling instincts in volatile markets like Bitcoin.

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CVCUSDT Perpetual Contract Goes Live

Starting from May 16, 2025, at 08:30 UTC, Binance Futures will list the CVCUSDT perpetual contract with up to 75x leverage. The contract will allow traders to take leveraged positions on Civic (CVC) with USDT as collateral.

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Civic is a decentralized identity verification platform that enables secure and cost-effective access to identity services using blockchain technology. Its utility aligns well with growing compliance demands in the crypto space.

The contract will have a funding rate settlement every four hours, with a maximum rate of +2.00% / -2.00%. This is crucial for traders calculating their cost of holding positions over time.

Furthermore, the contract will support Multi-Assets Mode, allowing users to use alternative collateral such as BTC when trading the CVCUSDT pair. This flexibility can help optimize margin efficiency and risk distribution.

No Guarantee of Spot Listing

It’s worth noting that listing a token on Binance Futures does not imply it will also be available on Binance Spot. The futures listing operates independently and should not be confused with spot trading availability.

Given the volatile nature of futures trading, investors are advised to approach with caution and proper risk management strategies.

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The post Binance Futures Adds New Coin to Its Perpetual Listings appeared first on Coin Engineer.

Innovative Trading Opportunities

As market conditions evolve, crypto investors need advanced tools to stay ahead. Binance Futures has stepped up, offering trading options for four distinct assets:

• Raydium (RAY): A prominent DeFi protocol within the Solana ecosystem.
• Koma Inu (KOMA): A newcomer to the memecoin space.
• Virtuals Protocol (VIRTUAL): A token tied to blockchain-based virtual reality projects.
• SPX6900 (SPX): An asset linked to traditional financial markets.

Traders can engage with these assets using leverage up to 75x, providing opportunities for higher potential returns while navigating a calculated risk-reward balance.

Launch Timeline

The perpetual contracts will go live on December 10, 2024, according to the following schedule:

• RAYUSDT: 12:00 (UTC)
• KOMAUSDT: 12:15 (UTC)
• VIRTUALUSDT: 12:30 (UTC)
• SPXUSDT: 12:45 (UTC)

These contracts are collateralized in USDT, ensuring a seamless and flexible trading experience.

Why Do These Contracts Matter?

The addition of these contracts demonstrates Binance’s commitment to innovation, offering users diverse trading instruments. Key highlights include:

• Multi-Assets Mode: Traders can use assets like BTC as collateral, enabling greater flexibility.
• High Funding Rates: Paired with increased trading volume, these contracts unlock new earning opportunities.
• Market Variety: Unique assets like KOMA (tied to memecoin trends) and VIRTUAL (focused on virtual reality) stand out as industry firsts.

Pro Tip: While high leverage can amplify gains, it also increases risk. Binance may adjust funding rates, leverage levels, or margin requirements based on market conditions, emphasizing the need for careful risk management.

This latest move by Binance underscores its leadership in the crypto space, catering to both seasoned traders and newcomers with innovative financial tools. These perpetual contracts not only expand Binance Futures’ offerings but also highlight its dedication to staying at the forefront of the cryptocurrency revolution.

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