Author: 行政
One month after THYP launched on Nasdaq, the three US-traded spot HYPE ETFs have pulled in $161 million in net inflows. June 5 was the only session to register an outflow, a $2.9 million redemption from BHYP, and every other trading day has closed in the green. The clean flow record partly reflects access mechanics, as Hyperliquid restricts US users from its platform, leaving brokerage-listed ETFs as the only way American investors can hold HYPE without navigating a non-custodial wallet. The more durable driver is the asset itself, a derivatives venue with auditable usage metrics, a fee-to-buyback tokenomics loop, and…
Everyone knows about the ETFs, but almost nobody knows about the dozens of obscure institutional products being built around Bitcoin while the funds soak up all the attention, from a $40 million insurance reserve in Barbados to an S&P-rated bond deal sold to Wall Street investors by Jefferies.The ETFs answered only one question, which was how ordinary investors and institutions could own Bitcoin inside a regulated wrapper. The products in this article answer a different, and arguably bigger one: what can you actually do with Bitcoin once you own it?The answer is: the same things finance has always done with…
On July 1, 2026, the temporary permission that lets crypto companies keep operating in Europe while they wait for a proper MiCA license runs out, and it creates a huge problem that lands straight on ordinary users.Europe’s crypto law, known as MiCA, requires any exchange, broker, or wallet service that wants EU customers to hold an official license. Hogan Lovells counted only 194 licensed crypto firms across the EU as of May 2026, including banks, in a market that had more than 3,000 registered crypto companies back in 2024.Around 75% of those older firms are expected to lose their right…
Elon Musk has become the first person in modern history to amass a personal net worth exceeding $1 trillion, crossing the historic threshold on Friday following the record-breaking public market debut of SpaceX.According to the Bloomberg Billionaires Index, the technology executive’s total fortune now stands at $1.11 trillion.To put the unprecedented scale of this capital into perspective, Musk’s net worth is now above that of the total market capitalization of the global cryptocurrency sector when excluding Bitcoin. When including the world’s largest digital asset, his wealth accounts for exactly half the value of the entire crypto industry.The financial milestone immediately…
The banks are finally buying the vaults. In May, BNY, the world’s largest custodian with $59.4 trillion in assets under custody and administration, announced it would offer Bitcoin and Ethereum custody in Abu Dhabi. Weeks later, Standard Chartered confirmed it will fully acquire Zodia Custody, the digital asset custodian it incubated in 2020, with the deal expected to close by the end of August.Once a back-office concern for crypto-native firms, custody has now become a strategic priority for the world’s biggest banks.However, the institutions best known for managing risk are buying into Bitcoin infrastructure just as the industry admits it…
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipped positive after four straight sessions of institutional selling, and oil prices fell as peace deal momentum built between Washington and Tehran.On June 13, Bitcoin fights to stay close to the $64,000 level, with a setup that looks better than it did 24 hours ago, and every piece is fragile enough to unwind before Monday’s open.The cushion above $64,000 is thin enough that a hold into Monday separates a genuine repair phase from a relief bounce that exhausts…
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Nasdaq at $150 Friday morning.By the time the stock reached $164, retail investors had gained “SpaceX exposure” through actual Nasdaq shares, Backpack Securities’ redeemable token on Solana, xStocks tracker certificates on Kraken and Bybit, Binance Wallet’s subscription campaign, and Hyperliquid’s perpetual futures.The convergence on a single name reflects a structural ambiguity in how crypto exchanges and tokenization platforms label equity-linked instruments, and the most anticipated IPO in years put that ambiguity under the brightest possible light.Four…
The following is a guest post and opinion from Vincent Maliepaard, VP of Marketing at Sentora.On January 26, 2026, Kraken launched DeFi Earn. The announcement was straightforward: users could deposit stablecoins and receive up to 8% APY, directly within the exchange interface they already used for trading. No seed phrases. No gas management. No bridging. No new application to download.Within months, the product had crossed 40,000 unique depositors.For context, this is a crypto-native audience: people who already understand blockchain and have made deliberate choices to hold digital assets. They are not the mass market. But the speed of adoption signals…
The US government has issued an emergency export control directive forcing artificial intelligence pioneer Anthropic to abruptly suspend global access to its frontier models, Fable 5 and Mythos 5.The sweeping mandate, which cites national security authorities, applies to all foreign nationals both inside and outside the United States, including Anthropic’s own international personnel.The enforcement action marks the first time Washington has effectively recalled a widely deployed, commercial frontier AI model.While Anthropic has complied by disabling the models for its entire global user base, the unprecedented intervention has triggered an immediate ideological and capital shift across the technology landscape.Within hours of…
Bitcoin was designed as a hedge against inflation, but every hot inflation report in the past year has knocked its price lower, and Thursday’s data was no different. The Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, the fastest pace since November 2022 and well above the 0.7% monthly gain economists had expected.Energy did most of the damage, as final demand goods climbed 2.8%, the largest monthly increase since the series began in December 2009, with energy prices up 10.7% and gasoline surging 23.4% as the Iran conflict keeps oil supply at risk. Even after…