MarketsArthur Hayes Dumps HYPE, Warns Wall Street Is Coming for Hyperliquid Perps
BitMEX co-founder Arthur Hayes sold all his HYPE tokens and warned that Wall Street competition in perpetuals will weaken Hyperliquid's buyback model.
MarketsBitMEX co-founder Arthur Hayes sold all his HYPE tokens and warned that Wall Street competition in perpetuals will weaken Hyperliquid's buyback model.
InstitutionalHedge funds cut Bitcoin ETF holdings by 39%, brokers by 53%. Banks more than doubled. CoinShares analyzed Q1 2026 13F filings to find who was selling.
RegulationThe House Ways and Means Committee holds hearings on 7 crypto tax bills June 9. Key items: $300 de minimis, the PARITY Act, and Illinois 0.2% broker tax.
RegulationUK FCA added Hyperliquid to its warning list over unauthorized services. HYPE fell 4%. Crypto perps market faces mounting regulatory pressure.
BitcoinGrayscale: Strategy's Bitcoin model is under its first stress test. STRC below $100, cash at $900M. BTC fell 21% in 10 days after first BTC sale since 2022.
StablecoinsWestern Union's USDPT stablecoin is live on Bybit, the first major exchange to list it. MoneyGram, Mastercard, and Visa all made stablecoin moves the same week.
InstitutionalJPMorgan, Citi and Bank of America plan a shared tokenized deposit network by 2027 to compete with stablecoins on speed and yield.
BitcoinA Michigan couple closed the first Fannie Mae-backed mortgage using Bitcoin as collateral via Coinbase and Better. No BTC sale, no capital gains tax.
MarketsRobinhood closed its $180M WonderFi acquisition on June 2, entering Canada. Gained Bitbuy, Coinsquare, 300K clients and $49.8M in 2025 revenue.