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Crypto World

Global Tensions and ETF Outflows Impact Cryptocurrency Market Sentiment

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Crypto Breaking News

Key Insights

  • Geopolitical tensions and trade disputes over semiconductors between the US and China impacted investor sentiment in global markets.
  • ETF outflows from Bitcoin indicated reduced risk appetite among institutions amid macroeconomic uncertainty.
  • Although volatile, there remain those who still see cryptocurrencies as an alternative to the traditional financial system in the long term.

Sentiment among investors in global financial markets was lower this week due to geopolitical tensions, Bitcoin ETF selling, and the semiconductor trade dispute. Digital assets reflected similar performance to equities and other sectors sensitive to risks as market participants reevaluated their positions in speculative markets.

There was higher volatility within the crypto market as investors took notice of fresh concerns related to geopolitical tensions and strategic economic competition among key nations. Developments in the US, China, Iran, and Taiwan all played a role in contributing to uncertainty in both traditional and digital asset markets.

Geopolitical tensions tend to lead to reduced investor confidence in high-risk markets like cryptocurrency and technology. This resulted in a more defensive strategy among institutional and individual investors.

Market Dynamics under the Influence of Semiconductor Competition

One of the key sources of market uncertainty included semiconductor competition between the United States and China. Investors followed conversations about China’s plans to decrease its dependence on US suppliers and increase domestic production of semiconductors.

Semiconductors continue playing a pivotal role in artificial intelligence infrastructure, cloud computing, automation, and manufacturing. Any disturbance or increased competition in this market often impacts market expectations about future technology leadership and economic development.

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Cryptocurrency trader James Wynn brought further attention to this problem in a widely discussed post on X regarding China’s domestic technology development efforts and NVIDIA chips. These statements were perceived by many traders as another example of how the gap between the two largest economies is widening.

Investors in the technology sector became more cautious as semiconductor-related uncertainty started spreading across the stock market. It was argued that ongoing trade disputes could speed up domestic production and restructure supply chains in the long term.

Increasingly, emphasis on strategic independence and technology self-reliance influenced institutional decisions in high-growth industries such as artificial intelligence and semiconductor-related equities.

Geopolitical Concerns Spark Risk-off Mentality

Market anxieties did not just center around trade disputes; geopolitical matters also played their part in creating pressure for investors. Tensions regarding Taiwan, as well as reports about potential military escalation against Iran, furthered uncertainty in global markets.

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Commodity markets, too, were highly sensitive to news related to Iranian oil exports and sanctions. Energy markets are known to react strongly to any form of geopolitical unrest that threatens supply and international relations.

Stock markets also saw heightened volatility, as investors sought safer bets in times of uncertainty. It was reported that close to $900 billion in market value was wiped out over the last few days.

Diplomatic talks between Vladimir Putin and Xi Jinping were also being watched closely by investors due to changing economic allegiances affecting global trade and monetary influence.

Bitcoin ETF Outflows Exert Additional Pressure on Cryptocurrency Market

Cryptocurrencies were impacted by the overall macroeconomic weakness seen in the financial markets as sentiments from institutions deteriorated due to recent volatility. Bitcoin ETF outflows, as well as related investment products from BlackRock, exerted additional pressure on cryptocurrencies.

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ETF flows now constitute one of the main indicators used to measure institutional sentiment within the cryptocurrency market. Consistent outflows indicate declining sentiments amongst big investors amid weak macroeconomic conditions.

Bitcoin and other cryptocurrencies usually exhibit more volatile price movements under conditions of increased geopolitical tensions and financial market instability. Traders tend to reduce their exposure to speculative instruments as soon as they face increased volatility in the equity, commodity, and currency markets.

Additional worries arose after the release of information regarding share sales related to investment portfolios belonging to Bill Gates. Portfolio changes conducted by prominent figures tend to affect retail investor psychology amidst market uncertainty.

Despite short-term weakness, cryptocurrencies remain an interesting alternative for investors searching for non-traditional monetary systems. Although volatility is still high, some participants remain convinced that cryptocurrencies can have greater importance in the long term.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Why DOGEBALL’s innovative presale can outshine ASTER’s 830% surge

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Discover the leading crypto to buy right now: Why DOGEBALL's innovative presale can outshine ASTER's 830% surge - 4

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

DOGEBALL presale extension fuels momentum as investors compare next-generation gaming crypto projects.

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Summary

  • DOGEBALL extends presale at $0.0006, gaining traction with its GameFi and PayFi ecosystem on DOGECHAIN.
  • The project combines gaming and crypto payments, offering zero FX fees and direct crypto-to-fiat bank transfers.
  • DOGEBALL presale tops $292K raised, with investors eyeing strong ROI potential before the projected $0.015 launch.

Imagine being at the forefront of a groundbreaking movement that blends gaming and finance in a way never seen before. DOGEBALL (DOGEBALL) is not just another token; it represents a unique ecosystem that could redefine how we perceive cryptocurrency. As we delve into this promising project, we will also explore the remarkable journeys of other cryptocurrencies, including Aster (ASTER), which have significantly impacted early investors.

The DOGEBALL presale has been extended due to an overwhelming response from the community, giving investors a second chance to invest at a price of just $0.0006. This could be the moment — act quickly to secure DOGEBALL before the price rises!

Discover the leading crypto to buy right now: Why DOGEBALL's innovative presale can outshine ASTER's 830% surge - 4

Aster: A missed opportunity that haunts early investors

Reflecting on past successes can heighten the urgency of current opportunities. Aster (ASTER) launched at an ICO price of $0.005 and skyrocketed to $0.50, making early investors millionaires. Many overlooked this project, only to watch others reap the rewards. The emotional weight of missed opportunities can be heavy, but the crypto space continually offers fresh chances.

The key to Aster’s success lies in its strategic marketing and engaging community. This illustrates a crucial lesson for DOGEBALL investors: timing and awareness are paramount. Do not want to look back and regret not seizing the opportunity that DOGEBALL presents right now.

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Why DOGEBALL is a standout investment opportunity

DOGEBALL is a revolutionary crypto ecosystem built on a custom Ethereum Layer 2 blockchain (DOGECHAIN). It seamlessly combines gaming and payments (GameFi + PayFi) to create a comprehensive platform that addresses real-world financial challenges. Here are the standout features that make DOGEBALL an attractive investment:

  • Direct Crypto-to-Fiat Transfers: Users can send crypto and have recipients receive fiat directly in their bank accounts, eliminating the hassle of intermediaries.
  • Zero FX Fees: Enjoy transparent transactions without hidden charges that can eat into profits.

These features not only enhance user experience but also position DOGEBALL as a leader in the market. With a play-to-earn gaming model and a robust payment system, DOGEBALL offers unparalleled utility that sets it apart from other cryptocurrencies.

Unmatched presale growth potential: Get in while fast

The DOGEBALL presale has raised over $292K from more than 1,000 participants, and the anticipated launch price is set at $0.015. For those who invest today at the presale price of $0.0006, they are looking at a potential return on investment (ROI) that is nothing short of staggering.

To illustrate the potential, investing $100 today could see the investment grow to $2,500 at launch. This is not just a speculative guess; it is a well-founded projection based on the current demand and market conditions. This is the second chance to secure DOGEBALL at a low price — don’t let this opportunity slip through!

How to secure DOGEBALL investment today

Joining the DOGEBALL presale is straightforward. Follow these simple stepsin order not to miss out on this golden opportunity:

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  1. Visit the DOGEBALL Website: Go to the official DOGEBALL site to access the presale portal.
  2. Set Up a Crypto Wallet: Ensure a crypto wallet is ready for transactions.
  3. Purchase DOGEBALL: Follow the prompts on the presale page to buy DOGEBALL at the current price of $0.0006.

This is a chance to be part of something big. Do not watch this investment opportunity pass by because of hesitation!

Discover the leading crypto to buy right now: Why DOGEBALL's innovative presale can outshine ASTER's 830% surge - 5

The future of DOGEBALL: A call to action

As we have seen through the success stories of Aster and other projects, the crypto landscape is ripe with opportunities for those willing to act. The DOGEBALL presale offers a chance to invest in a project with real-world applications and the potential for significant growth.

In conclusion, the DOGEBALL presale is not just another investment; it is a strategic opportunity to be part of a transformative ecosystem. Take action now to secure a DOGEBALL investment and avoid the regret of missing out on this incredible opportunity.

Seize the opportunity today and invest in DOGEBALL to secure the future in the crypto revolution!

For more information, visit the official website, Telegram, and X.

FAQs for best crypto to buy right now

Which crypto is best to invest now?

The best crypto to buy right now is DOGEBALL (DOGEBALL), with its innovative ecosystem and the potential for substantial returns during the presale.

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Which crypto is going to boom?

DOGEBALL is set to boom due to its unique offerings in the gaming and payments sectors, making it an attractive investment opportunity.

Which crypto will give 1000x in 2026?

While predictions can vary, DOGEBALL’s robust ecosystem and presale structure indicate significant potential for growth and impressive returns for early investors.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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World Liberty-Linked AI Financial Flags Going Concern

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World Liberty-Linked AI Financial Flags Going Concern

AI Financial Corp., a World Liberty Financial token treasury company, said a deficit in working capital and liabilities is casting significant doubt on its ability to continue over the next year. 

The company, which has World Liberty CEO Zach Witkoff as its chairman, reported a net loss of $271.5 million in its first-quarter results on Monday, compared to losses of $2.4 million a year ago.

The firm, formerly known as ALT5 Sigma, said that as of March 28, it had a working capital deficit of around $5.5 million, with $39.1 million in liabilities against $32.2 million in assets.

“These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued,” AI Financial said.

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AI Financial was one of the many companies swept up in the craze of crypto-buying public firms, becoming a buyer of World Liberty Financial (WLFI), the token of the Trump family-backed crypto platform of the same name.

To meet its obligations, AI Financial said it held 7.3 billion WLFI tokens at a value of $703.4 million as of March 28, which it could use to firm up its liquidity.

However, the value of AI Financial’s WLFI holdings has fallen by a third since late December, when the fair value of the tokens was at over $1 billion, leading to an unrealized loss of $348.3 million. The company paid nearly $1.46 billion to acquire its WLFI holdings.

AI Financial added that it also borrowed nearly $15 million from World Liberty in January, drawing down the cash under a loan agreement with the Trump-linked firm, which it said it could use in a share repurchase program and to buy more WLFI tokens.

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Shares in AI Financial (AIFC) ended trading down nearly 6.3% on Tuesday at 85 cents, extending its 10% drawdown over trading on Monday.

Source: Google Finance

Related: Trump-backed Truth Social pulls bids for crypto ETFs

The company’s stock has fallen by nearly 87.5% over the past 12 months. It first looked to become a WLFI treasury company in early August after closing a $1.5 billion direct offering and private placement led by World Liberty Financial.

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At the time of the deal closing, Witkoff became AI Financial’s chairman, while World Liberty co-founder Zak Folkman became a board observer.

US President Donald Trump’s son, Eric Trump, joined the company’s board, but was quietly removed from the leadership section of its website late last month. 

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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Senate Advances Resolution That Could Curb Trump’s Iran War

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Senate Advances Resolution That Could Curb Trump’s Iran War

The United States Senate has voted to advance a resolution that could force US President Donald Trump to seek congressional authorization to continue the country’s war with Iran.

The vote on a procedural war-powers measure on Tuesday passed by 50 to 47, with four Republicans also voting in favor, according to Reuters. 

Policymakers have been arguing that Congress, not the president, should have ​the power to send troops to war, as spelled out in the US Constitution. 

The US-Israeli war with Iran has been going on for almost three months, putting pressure on global economies because of surging fuel and energy prices after the closure of the Strait of Hormuz. The bill could force Trump to withdraw US troops from Iran unless he gains congressional approval. 

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However, the bill still faces major hurdles. It must pass the full Senate and Republican-led House of Representatives, and Trump could also veto it, which would then require a two-thirds vote in both the House and Senate to override it. 

Pressure mounts on Trump over Iran war

Democratic Senator and bill sponsor Tim Kaine of Virginia said on X that it had been 80 days since Trump launched his “illegal war” against Iran. 

“Congress has the power to slam the brakes on this unwise conflict. Today should be the day when the Senate tells the President to stop his disastrous war.”

Republican Senator Bill Cassidy agreed, writing on X: “While I support the administration’s efforts to dismantle Iran’s nuclear program, the White House and Pentagon have left Congress in the dark on Operation Epic Fury.”

Statement from Senator Tim Kaine. Source: Tim Kaine

Potential impact on crypto markets 

The ongoing conflict and macroeconomic headwinds, such as rising inflation, have hampered the crypto market’s recovery, with digital assets trading mostly sideways for almost four months. 

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Any potential end to the war with Iran could ignite a market rally if economies recover and confidence in higher-risk investments returns. 

Related: Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect

HashKey Group senior researcher Tim Sun told Cointelegraph on Wednesday that this “directly indicates that Trump is facing mounting domestic political pressure regarding his continued use of military force.”

“This signal serves as a relatively mild positive catalyst for risk assets as a whole, rather than a decisive factor. The market’s current focus remains firmly on macroeconomic shifts.” 

“If geopolitical conflicts ease and subsequently drive oil prices further down, it will lower the valuation risk across all risk assets and foster a positive turnaround in the crypto market,” he added. 

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Andri Fauzan Adziima, research lead at the Bitrue Research Institute, told Cointelegraph that the war powers resolution’s advance is “a strong bullish catalyst for crypto, likely sparking a sharp 6% to 10% Bitcoin relief rally in the coming days.” 

“Past de-escalation headlines triggered instant 3% to 5% BTC spikes, and with Bitcoin holding $76K to $77K, this eases risk-off pressure, and boosts flows,” he added. 

Markets had not reacted at the time of writing, with Bitcoin remaining flat at around $76,500 over the past 24 hours. 

Magazine: Guide to the top and emerging global crypto hubs: Mid-2026

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Pump.fun Drives Over a Third of Solana’s Q1 Revenue Despite Memecoin Slowdown

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Pump.fun Drives Over a Third of Solana's Q1 Revenue Despite Memecoin Slowdown

Pump.fun remained Solana’s largest revenue generator in the first quarter of 2026, pulling in $124.7 million, more than a third of the network’s $342.2 million in total app revenue, despite cooling memecoin activity.

The memecoin launchpad’s revenue rose 17% quarter over quarter, a sign that its core business remains resilient, Messari said in its Solana Q1 report.

Launchpads generated $144 million in Q1, roughly 42% of Solana’s total app revenue. A standout within the sector was Bags, whose quarterly revenue surged 1,347% to $11.5 million, fueled by a wave of AI-themed memecoins in January. The surge proved short-lived, with monthly revenue dropping 85% by February.

Solana revenue. Source: Messari

Solana’s memecoin revenue is holding up even as the network increasingly attracts a broader range of users, with major institutions like BlackRock, Visa and JPMorgan expanding their presence across its payments and tokenization ecosystem.

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“Memecoins don’t define Solana,” Lily Liu, president of the Solana Foundation, said in a recent interview.

Related: MoonPay Acquires DFlow, Adding Solana Trading Infrastructure

Trading apps, RWAs grow on Solana

Trading apps on Solana were the quarter’s strongest-growing sector overall, with revenue rising 40% to $79 million. Axiom led the pack at $42.4 million, making it the second-highest revenue-generating app on the network.

Elsewhere, Solana’s real-world asset market cap crossed $2 billion, up 43% in the quarter, led by BlackRock’s BUIDL doubling to $525 million after Anchorage Digital added custody support.

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DeFi total value locked fell 22% to $6.16 billion, though Messari researchers attributed the decline largely to SOL’s 33% price drop rather than user exits. The network’s share of total DeFi TVL remained roughly flat at 6.7%.

RWAs grow on Solana, fueled by institutional inflows. Source: Messari

On the infrastructure side, the focus is on Alpenglow, a sweeping consensus upgrade targeting the Agave 4.1 release. If it ships as planned, the upgrade would cut Solana’s transaction finality from around 12.8 seconds to 150 milliseconds.

Related: Solana Clients Introduce Post-Quantum Solution Falcon

Goldman Sachs exits Solana positions

As Cointelegraph reported, Goldman Sachs exited its Solana ETF positions in Q1 2026, dropping stakes in funds from Grayscale, Bitwise and Fidelity.

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Italy’s largest bank, Intesa Sanpaolo, also nearly wiped out its Solana position in Q1 2026, slashing its stake in Bitwise’s Solana ETF from 266,320 shares to just 2,817, even as it more than doubled its total crypto holdings to $235 million by piling into Bitcoin ETFs from ARK 21Shares and BlackRock.

Market Moves: Why is Ethereum Foundation selling? BTC futures warning signs

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Zcash Foundation Confirms SEC Closure While ZEC Price Surges

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Zcash Foundation confirmed that the US SEC closed its investigation without taking enforcement action.
  • The report stated that the inquiry began after a subpoena issued in August 2023.
  • Zcash Foundation said the closure removed regulatory pressure and improved operational clarity.
  • The network continued to function smoothly despite internal disruption at Electric Coin Company.
  • Blocks were produced consistently, and transactions settled without any interruption.

Zcash Foundation released its Q1 2026 report outlining regulatory updates, network stability, and protocol progress. The report confirmed the closure of a US SEC investigation without enforcement action. Meanwhile, ZEC extended its rebound and traded near $573 during the reporting period.

Zcash Foundation confirms SEC case closure and regulatory clarity

Zcash Foundation stated that the US Securities and Exchange Commission ended its inquiry without enforcement action. The agency initiated the investigation after issuing a subpoena in August 2023.

The foundation said the closure removed regulatory pressure and provided clearer operational direction. It also confirmed that the SEC informed the organization directly about its decision.

Zcash Foundation described the quarter as one of its most consequential operational periods. The report cited governance shifts, infrastructure work, and protocol upgrades across the ecosystem.

The organization noted that regulatory clarity allows continued development without legal uncertainty. It emphasized that ongoing work will proceed under clearer compliance conditions.

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Network Stability, Upgrades, and ZEC Price Recovery Continue

Zcash Foundation reported that the network remained stable during internal disruptions at Electric Coin Company. Governance disputes led to the exit of much of ECC’s development team.

Despite these changes, blocks continued production and transactions settled without interruption. The foundation confirmed that user funds and privacy features remained secure.

The report highlighted infrastructure improvements, including new DNS seeders in the US and Europe. It also referenced multiple Zebra updates and two resolved security issues.

Zcash Foundation advanced development of the Z3 stack and continued zcashd deprecation work. It also expanded RPC coverage and progressed FROST tooling development.

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The foundation reported average monthly operating costs of $272,539 during the quarter. Total expenses reached $817,618 across Q1.

Its balance sheet showed $36.7 million in liquid assets by March 31. This included 85,412 ZEC valued at $21.2 million at $248.22 per coin.

ZEC traded near $573 at press time, extending gains of more than 160% since late March. The rally followed renewed demand for privacy-focused digital assets.

The report also referenced a prior surge from $74 in October 2025 to above $630. Institutional attention and privacy demand supported that earlier price increase.

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Bankr Joins May Hack Wave With 14-Wallets Breached

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May’s DeFi Hack Tally Grows as Verus Bridge Reportedly Loses $11.58 Million

Bankr confirmed that an attacker accessed 14 wallets on its AI-powered crypto trading platform. 

The platform operates as an AI agent that executes buy, sell, swap, and limit orders by accepting natural-language text commands.

What Happened to Bankr Wallets

The account first flagged reports of compromised wallets and halted transactions as a precaution. The team later identified that 14 wallets had been accessed. It also pledged to reimburse affected users as the investigation continues.

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Bankr also published recovery guidance for affected users. The instructions tell them to stop sending funds to compromised addresses, generate fresh seed phrases on clean devices, cancel any open spend permissions, and scan personal devices for malware or rogue browser extensions.

In one exchange, the Bankr agent informed a user that their BNKR and USDC balances on Base were already at zero and noted that confirmed on-chain transactions cannot be reversed.

The incident lands during a punishing stretch for the industry. May has already recorded 14 separate hacks across decentralized finance protocols, according to data tracked by DefiLlama. Total stolen crypto in 2026 has now passed $800 million.

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The post Bankr Joins May Hack Wave With 14-Wallets Breached appeared first on BeInCrypto.

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Bitwise Boosts HYPE Holdings as Hyperliquid ETF Gains Momentum

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Crypto Breaking News

Crypto asset manager Bitwise Asset Management expanded its exposure to HYPE after launching its Hyperliquid exchange-traded fund. The firm confirmed plans to allocate 10% of the ETF’s management fees toward direct purchases of HYPE tokens. The move drew greater attention to Hyperliquid’s ecosystem growth and token economics as trading activity accelerated across the decentralized derivatives platform.

Bitwise Adds HYPE Tokens to Corporate Holdings

Bitwise confirmed the treasury allocation shortly after launching its Hyperliquid ETF in the United States. The company stated that the move aligns with Hyperliquid’s community-focused operating structure and long-term ecosystem incentives.

The ETF issuer highlighted Hyperliquid’s revenue model, which directs most protocol income toward token buybacks and burns. Consequently, the firm linked its treasury strategy to the network’s broader effort to strengthen token scarcity and community participation.

Bitwise launched the HYPE ETF last week, and the product posted one of the strongest debuts among altcoin ETFs this year. The fund generated $4.31 million in first-day trading volume and attracted notable activity across crypto-focused markets.

The ETF became the second Hyperliquid-linked investment product after 21Shares introduced its own HYPE fund earlier in the week. Both products increased institutional access to the Hyperliquid ecosystem through regulated investment vehicles.

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Market data from SoSoValue showed that Hyperliquid ETFs currently manage more than $12 million in combined net assets. Besides that, the products recorded over $5 million in cumulative net inflows during their opening trading sessions.

21Shares controls most of the sector’s assets under management with approximately $11.64 million in holdings. However, Bitwise’s latest treasury decision placed additional attention on the competitive growth among crypto ETF issuers.

Hyperliquid Activity Supports HYPE Market Strength

The HYPE token advanced during the session following Bitwise’s treasury announcement and broader ecosystem developments. CoinMarketCap data showed the token traded near $45 after gaining more than 3% within 24 hours.

Trading activity across Hyperliquid also increased after the platform introduced pre-IPO exposure to SpaceX stock products. Consequently, the development expanded attention toward tokenized real-world asset trading on decentralized derivatives platforms.

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Open interest tied to real-world asset trading on Hyperliquid climbed to a record $2.6 billion. The figure doubled compared with levels recorded roughly two months earlier as platform participation accelerated.

Meanwhile, Coinbase strengthened its relationship with Hyperliquid through a USDC treasury deployment partnership. The agreement positioned Coinbase as the official USDC treasury deployer for the derivatives-focused blockchain network.

The partnership added another institutional connection to the Hyperliquid ecosystem while stablecoin activity expanded across decentralized finance markets. In addition, the move supported liquidity growth across perpetual futures trading products on the platform.

Hyperliquid also continued discussions surrounding regulatory clarity for on-chain derivatives trading within the United States market. The platform’s recent expansion efforts arrived as decentralized trading protocols pursued greater compliance visibility and broader institutional participation.

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The combined developments supported bullish momentum around HYPE and reinforced demand across the network’s growing derivatives ecosystem. Moreover, ETF launches and treasury allocations increased Hyperliquid’s profile within the expanding crypto investment sector.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Hyperliquid ETF pulls $5M in days, 21Shares says

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Polymarket and Hyperliquid become weekend barometers for Iran‑driven oil shock

21Shares said its Hyperliquid ETF drew more than $5 million in inflows within days of its U.S. launch.

Summary

  • 21Shares’ Hyperliquid ETF recorded over $5 million in inflows within days of its May 12 U.S. launch.
  • The fund generated roughly $8 million in trading volume on a single day last week, research head Eli Ndinga said.
  • Ndinga argues Hyperliquid demand reflects appetite for 24/7 access to crypto, oil, silver and gold markets.

21Shares said early inflows into its Hyperliquid ETF point to investor demand for around-the-clock access to crypto and traditional markets, with the fund pulling in more than $5 million within days of its U.S. debut.

Eli Ndinga, global head of research at 21Shares, argued that Hyperliquid priced the Iran shock 48 hours ahead of traditional venues when the CME was closed, framing the protocol as critical 24/7 infrastructure.

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The 21Shares Hyperliquid ETF launched on Nasdaq on May 12 as the first U.S.-listed product tied to HYPE, alongside a 2x leveraged version under the ticker TXXH.

A bet on always-on financial markets

Ndinga said Hyperliquid’s appeal goes beyond crypto, citing trader access to oil, silver and gold markets around the clock. He described the platform as “beyond a crypto story,” framing it as a broader financial innovation story for traditional finance professionals who increasingly recognize the value of always-on infrastructure.

He cited pre-IPO token activity tied to AI chipmaker Cerebras as one example of traders using Hyperliquid to gauge demand before public listings.

Bitwise enters the race within days

The Hyperliquid ETF market is already crowded. Bitwise launched its competing BHYP product on NYSE on May 15, and recently pledged 10% of its management fee toward HYPE token purchases on its balance sheet. Combined inflows into the two products have topped $5.6 million since launch.

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Ndinga said 21Shares differentiates itself through experience managing staking-enabled exchange-traded products, relying on third-party staking providers rather than in-house infrastructure to improve transparency and reduce conflicts of interest.

Hyperliquid’s perp dominance keeps growing

Hyperliquid handles roughly $8 billion in daily trading volume and accounts for more than 50% of decentralized perpetual futures open interest, according to figures cited in 21Shares’ launch documents. The protocol generates more than $56 million in monthly trading fees, with over 95% directed toward daily HYPE buybacks.

HYPE traded around $45 on May 18 after reentering a bullish wedge pattern, having recovered more than 100% from January lows near $22. The earlier 21Shares spot product launch generated about $1.8 million in first-day trading volume, with $1.2 million in net inflows.

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Regulation remains the bear case

Ndinga identified regulatory scrutiny and rival trading platforms as the main bear-case risks for Hyperliquid. The protocol is not directly available to U.S. users and restricts access in certain jurisdictions to comply with local laws and sanctions requirements.

CME Group and Intercontinental Exchange have urged U.S. regulators to scrutinize Hyperliquid over potential market manipulation and sanctions compliance concerns, citing the influence of decentralized offshore venues on perpetual futures markets.

Ndinga said proposed U.S. crypto legislation, including the CLARITY Act, could eventually provide clearer rules for decentralized trading platforms.

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Bankr Disables Transactions After Hacker Accessed 14 Crypto Wallets

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Bankr Disables Transactions After Hacker Accessed 14 Crypto Wallets

AI-powered crypto trading assistant Bankr said it disabled transactions after identifying an attacker who gained access to at least 14 wallets, with users reporting that as much as $150,000 in crypto was drained from some wallets. 

In an X post on Tuesday, Bankr said it was investigating reports that several wallets had been compromised and that transaction activity, including swaps, transfers and deployments, had been disabled “out of caution” while the investigation continues.

“We’ve identified an attacker was able to access 14 Bankr wallets. We’ve temporarily locked things down while we work through the details. We will be reimbursing any and all lost funds. Will provide more updates as we have them,” it added.

Bankr allows users to prompt AI to trade, transfer and launch tokens using plain language rather than a standard wallet interface. It also automatically creates a crypto wallet for every X handle that interacts with its bot. Earlier this year, someone reportedly exploited this feature and tricked Grok into requesting that Bankr launch a token, then drained funds from the token into a wallet they controlled.

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Source: Bankr

Crypto hackers have been active in recent months. Bad actors stole more than $168.6 million in crypto in the first quarter. April saw the two largest hacks of the year so far: the $280 million Drift Protocol exploit at the start of the month and the $292 million Kelp exploit. More recently, Verus Protocol’s Ethereum bridge was exploited Monday.

Social engineering attack targeting bot could be to blame

SlowMist founder Yu Xian said the exploit, from Bankrbots’ own reply, was likely a social engineering scheme targeting the AI agent. Three identified attacker addresses collectively hold $440,000 in crypto.

“It was a social engineering exploit targeting the trust layer between automated agents—specifically an interaction between grok and Bankrbot that allowed unauthorized transaction signing,” Xian said.

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Source: Yu Xian

“It seems like a combo of social engineering exploits targeting Grok + Bankrbot. Previously, the wallet-related assets allocated by Bankrbot to Grok were also stolen through a similar combo, prompt injection exploitation,” he added.

Don’t sign transactions until further notice: Bankr

Bankr has recommended that users avoid signing transactions until further notice and warned one individual that their seed phrase “is likely in the hands of an attacker.”

Bankr also said anyone with a compromised wallet should stop using it, create a new wallet, generate a new seed phrase on a clean device, move any remaining tokens or nonfungible tokens to the new address and revoke approvals if remaining assets can’t be moved.

Related: Aethir halts bridge exploit, promises compensation after $90K loss 

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“Attackers often use existing approvals to drain funds. Check your devices, scan your computer and phone for malware or suspicious browser extensions. If you used a software wallet, the leak likely came from your device,” Bankr added.

Losses could reportedly be up to $150,000 per wallet

Some X users reported that up to $150,000 in crypto had been drained from affected wallets.

Tech entrepreneur Austen Allred said a Bankr wallet connected to his Kelly Claude AI assistant project was among those compromised. The hacker stole Ether (ETH), but none of the project’s memecoin stash was touched. 

Source: Austen Allred

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“There’s no evidence anyone other than myself ever logged into the Bankr account; they must have accessed the keys some other way,” Allred added.

Magazine: The legal battle over who can claim DeFi’s stolen millions 

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Alibaba reveals more powerful Zhenwu AI chip, new LLM

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Alibaba reveals more powerful Zhenwu AI chip, new LLM

An Alibaba logo is displayed at the company’s booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 10, 2025.

Maxim Shemetov | Reuters

CHONGQING, China — Alibaba announced Wednesday its new artificial intelligence chip would be three times as powerful as its predecessor, as rival Nvidia struggles to get its advanced chips into China.

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The Zhenwu M890 delivers three times the performance of the current Zhenwu 810E, Alibaba said, adding that the new processor has 144 GB GPU memory and interchip bandwidth of 800 GB per second.

Alibaba said it had already delivered 560,000 Zhenwu units to more than 400 customers across 20 industries.

The e-commerce giant also revealed its next generation large language model, Qwen3.7-Max, would soon be released.

In early April, Alibaba and China Telecom said they were launching a data center in southern China powered by the e-commerce giant’s own chips, as the country ramps up its focus on homegrown AI infrastructure.

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— CNBC’s Arjun Kharpal contributed to this report.

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