Author: James Wilson
Hyperliquid’s HYPE token hit a new all-time high near $70 on May 31, extending one of the strongest large-cap crypto rallies of the month. Summary HYPE hit $69.97 for the first time as monthly gains topped 67% in latest data. ETF products drew $100.48 million in May inflows, adding institutional demand to Hyperliquid’s rally now. MACD remains bullish, but traders are watching $62.50 support after the sharp breakout move. HYPE reaches record high near $70 HYPE reached $69.97 for the first time in its history before easing slightly toward the $67 to $68 range. The token remained up more than…
BNB traded near $733 on May 31 after a strong daily breakout placed the $800 to $820 zone back on traders’ radar. Summary BNB broke above the $700 neckline, reclaiming the 200-day EMA as bullish momentum improved. MACD crossed bullish while analysts watched $800–$820 as the next major resistance zone this week. Binance’s June 1 product reveal and new HODLer Airdrop kept ecosystem demand in focus. The move came as traders pointed to a cup-and-handle breakout, a reclaimed 200-day EMA, a fresh MACD bull cross and a June 1 Binance product teaser. BNB clears the $700 breakout zone BNB moved…
Ripple CTO Emeritus David Schwartz has outlined how the XRP Ledger could respond if a state-level attack targeted validators, node operators or core network infrastructure. Summary David Schwartz said XRPL could adapt if state pressure targeted validators or network operators. The plan points to Tor, I2P and reserve nodes as possible tools during extreme attacks. The debate follows recent XRPL upgrade, validator and decentralization discussions across the ecosystem. Schwartz made the comments during a discussion about whether a blockchain can survive pressure from an authoritarian state. The question focused on what would happen if authorities started raiding nodes or forcing…
Dash has renewed its focus on digital cash, arguing that peer-to-peer payments remain one of crypto’s most useful goals even as stablecoins, DeFi and decentralized applications take more attention. Summary Dash says digital cash remains crypto’s strongest use case as stablecoins and DeFi gain ground. The project says stablecoins carry issuer, peg and freeze risks that digital cash avoids directly. Dash links payments, savings, DeFi and DApps to one scarce base money model for users. Dash said its strategy still follows the early idea behind Bitcoin: a peer-to-peer electronic cash system. The project said that use case has lost attention…
Wintermute is moving into prediction markets as institutional market makers race to dominate event contracts that already clear more than $20 billion a month. Summary Wintermute begins two way market making on major prediction platforms Monthly prediction market volume above $20 billion as lifetime flows top $150 billion Move follows institutional push into Polymarket and Kalshi style event contracts Wintermute, one of crypto’s largest quantitative market makers, has begun providing continuous two way liquidity on several “leading” prediction market platforms, extending its infrastructure into event contracts that straddle both digital assets and traditional macro themes, according to The Block. The firm…
The U.S. Commodity Futures Trading Commission has approved Kalshi to launch the first federally regulated Bitcoin perpetual futures contract in the United States, opening a new path for crypto derivatives trading onshore. Summary The CFTC approved Kalshi’s BTCPERP contract, clearing the way for the first federally regulated Bitcoin perpetual futures product in the U.S. The regulator also issued Coinbase a no-action letter allowing certain crypto perpetual futures products to use Bitcoin, Ether, and stablecoins as collateral. Kalshi’s approval comes as the company expands beyond prediction markets while challenging Minnesota’s proposed prediction market ban in federal court. According to a CFTC…
The U.S. Commodity Futures Trading Commission has greenlit the nation’s first bitcoin perpetual futures contract on a regulated exchange, marking a watershed moment for domestic crypto derivatives trading. Summary CFTC approved first-ever bitcoin perpetual futures contract on regulated U.S. platform Chairman Mike Selig says move delivers on President Trump’s goal to make America “crypto capital of the world” Perpetual futures previously dominated offshore exchanges with over 70% of centralized trading volume The CFTC announced Friday it had approved an unnamed regulated exchange to list and trade bitcoin perpetual futures contracts, ending the offshore monopoly on these high-volume derivatives instruments. The…
Ethereum is clinging to support near $1,800 as rising leverage, crowded longs, and persistent U.S. spot ETF outflows deepen downside risks for the second largest cryptocurrency. Summary ETH broke below the key $2,000 level with sell pressure now concentrated around $1,800–$1,750 U.S. spot ETH ETFs have seen 13 straight days of net outflows totaling about $695 million Derivatives data show elevated leverage and positive funding despite a weakening price structure Ethereum (ETH) price is extending a weak trend after losing the psychologically important $2,000 level, with market focus now locked on whether bulls can defend the $1,800–$1,750 support area. According…
Bitcoin has clawed back losses to trade near $74,000 after President Donald Trump abruptly announced an end to the U.S. naval blockade of the Strait of Hormuz, easing weeks of geopolitical pressure on crypto and oil markets. Summary Bitcoin rebounds to roughly $74,000 after Trump ends Hormuz blockade Traders unwind “war premium” as focus shifts back to macro and ETF flows BTC volatility stays elevated after weeks of headline driven price swings In a Truth Social post, US President announced the end of the Hormuz naval blockade, spurring a reaction from crypto and stock markets around the world. Bitcoin (BTC)…
Crypto.com and OG Prediction Markets have signed a multi year global partnership with the United States SailGP Team, ahead of this week’s New York Sail Grand Prix, bringing CFTC regulated prediction markets directly into elite foiling yacht racing for the first time. Summary Crypto.com and OG become official crypto and prediction partners of the U.S. SailGP Team. Fans will trade CFTC regulated SailGP event contracts via OG’s prediction platform. The deal deepens SailGP’s broader push into sports betting and data driven fan engagement. With the New York Sail Grand Prix set to light up the city’s harbor this weekend, the…