MarketsSpaceX Pre-IPO Hits Hyperliquid: HYPE Up 7%
Trade.xyz launched the first SpaceX pre-IPO perp on Hyperliquid at a $1.78T reference valuation. HYPE rallied 7% while Bitcoin dropped to $76,700.
MarketsTrade.xyz launched the first SpaceX pre-IPO perp on Hyperliquid at a $1.78T reference valuation. HYPE rallied 7% while Bitcoin dropped to $76,700.
InstitutionalMichael Saylor posted his traditional BTC purchase signal on May 17. Strategy also launched a campaign urging retail STRC shareholders to vote before June 8.
BitcoinBitcoin fell below $79K on macro fears. BTC is closely tracking the Russell 2000 index, not gold. Iran uncertainty, Beijing summit and Treasury yields weigh.
BitcoinStrategy filed to repurchase $1.5B in 2029 convertible notes. Saylor hinted the company may sell Bitcoin from its 818,869 BTC portfolio if needed.
RegulationThe US Senate Banking Committee advanced the CLARITY Act on May 14. Two Democrats backed the bill without an ethics deal on Trump's crypto ventures.
MarketsGemini reported 42% revenue growth in Q1 2026, with credit card revenue up 300% as trading volumes halved. What this means for crypto exchanges.
InstitutionalJPMorgan Chase filed with the SEC for JLTXX, a tokenized money market fund on Ethereum. The tokenized Treasury market hit $15 billion the same day.
InstitutionalJane Street cut IBIT 71% and FBTC 60% in Q1 2026 while adding $82M in Ethereum ETF exposure. A major market maker's crypto portfolio reshuffle.
AltcoinsSpot XRP ETFs attracted $25.8M on May 12, the largest daily inflow since January 5. Cumulative net inflows hit an ATH of $1.35B. ETP AUM surpassed $2.5B.