Key Takeaways Grayscale’s HYPG launched June 3, with a 0.29% fee, the lowest of any US HYPE product. The fund undercuts 21Shares’ 0.30% THYP and Bitwise’s BHYP, deepening a HYPE ETF price war. HYPG is the third U.S.-listed Hyperliquid fund, with HYPE ETFs already topping $132 million in inflows. A Fee War Heats up Around…
Key Takeaways El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of June 3. The country kept adding coins through a roughly one-BTC-a-day policy even as prices have continued to collapse. A $1.4 billion IMF deal made accepting bitcoin optional, yet President Nayib Bukele keeps accumulating. A Familiar Playbook on a…
Key Takeaways Bitcoin dropped close to $65,700 on June 3, hitting another intraday low after $66,346. Spot bitcoin ETFs bled an estimated $3.5 billion in their longest outflow streak since 2024. Traders are now watching the $60,000 support level after Strategy disclosed its first BTC sale in nearly four years. A Broad Crypto Rout Gathers…
The Commission on Elections (COMELEC) has removed blockchain technology components and voter verification systems from its proposed budget for the 2028 general elections, cutting its initial ₱25-billion proposal by approximately ₱6 billion. COMELEC Chairman George Garcia announced yesterday that the decision followed recommendations from the Department of Budget and Management (DBM) to reduce the poll…
Key Takeaways Binance Research says Bitcoin’s 11% Q2 2026 drop tracks capital rotating into AI and energy. Cboe Dispersion Index hit 42, suggesting U.S. stock gains are concentrated in a few sectors. Binance Research says bitcoin often bottoms within 0-20 weeks absent a crypto crisis. Cboe Dispersion Index Hits 42 as Bitcoin Competes With AI…
The National Bureau of Investigation (NBI), in coordination with the Securities and Exchange Commission (SEC), arrested an SEC director for allegedly extorting funds from a private corporation. The statement was sent to media outlets including BitPinas. Following the arrest during an entrapment operation, the Commission placed the director under preventive suspension while the investigation is…
Key Takeaways Strategy sold 32 BTC as traders assessed corporate treasury liquidity decisions. Dividend obligations are increasing scrutiny on reserves, borrowing options, and BTC exposure. Institutional credit structures could reduce forced selling among bitcoin treasury companies. Bitcoin Treasuries Face a New Borrow-or-Sell Test Strategy’s bitcoin sale drew attention less for its size than for what…
Key Takeaways Coinbase is expanding stablecoin payments through Checkout.com’s merchant network. Merchants can accept USDC and USDT while settling in dollars. The rollout could test stablecoin demand in mainstream commerce. Checkout.com Partnership Pushes Stablecoins Deeper Into Enterprise Commerce Crypto exchange Coinbase (Nasdaq: COIN) announced on June 2 that Checkout.com is enabling stablecoin acceptance for eligible…
Key Takeaways Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. Expect tension ahead as South African regulators navigate this new legal framework for digital assets. The Catalyst: Seizure of 1,680…
Key Takeaways Bitcoin ETFs lost $483.8M on June 1, with Blackrock IBIT leading outflows at $440.3M. Ether ETFs saw a 15th straight outflow day, as Blackrock ETHA shed $35.0M. XRP and HYPE ETFs gained $5.4M combined, signaling selective institutional demand. XRP ETFs Add $4.1M as Bitcoin and Ether Funds Lose $528M Combined June began with…
