HYPE ETFs have topped $100 million in cumulative net inflows within their first 10 trading sessions, giving Hyperliquid another institutional demand channel as interest in altcoin funds expands.

According to Farside Investors data, the funds added about $20 million in net inflows on Tuesday, lifting total inflows past the $100 million level. The early activity has come through two U.S. spot products tied to Hyperliquid’s native token, 21Shares’ THYP, and Bitwise’s BHYP.

HYPE funds draw early institutional demand

Farside Investors data showed that THYP and BHYP had already attracted $22.3 million in combined net inflows during their first week of trading. The same data showed that more than $11 million entered the products on a single trading day, giving the funds a fast start among recently launched altcoin investment vehicles.

Earlier this month, as previously reported by crypto.news, 21Shares launched the first U.S.-listed exchange-traded funds linked to Hyperliquid’s HYPE token. The launch included a spot product with staking exposure and a leveraged fund connected to the decentralized derivatives platform.

Bitwise also entered the market with BHYP, adding another regulated product for investors seeking exposure to HYPE without directly using crypto wallets or decentralized exchanges.

Hyperliquid’s trading activity supports ETF narrative

According to Bitwise, Hyperliquid processed $2.9 trillion in trading volume in 2025. Bitwise also said the platform accounted for about 60% of global on-chain derivatives open interest, placing it among the most active venues in decentralized trading.

ETF inflows have arrived, while Hyperliquid’s token model remains closely tied to platform activity. Hyperliquid directs nearly 99% of its revenue toward daily open-market HYPE buybacks, according to the project’s tokenomics structure.

Bitwise has also said it will use 10% of BHYP management fees to buy HYPE and stake the tokens on its corporate balance sheet. That structure gives the fund another link to the underlying token beyond investor inflows.

HYPE rises nearly 50% this month

CoinMarketCap data showed HYPE trading near $59.84 at the time of writing, down more than 1% over the past 24 hours. Even with the daily decline, the token has gained nearly 50% this month, while major crypto assets have struggled to sustain a steady advance over the same period.

The price move has also brought attention to large individual trades. According to Lookonchain, one trader created a new wallet 46 days ago and used $5 million in USDC to buy HYPE.

Lookonchain said the trader sold the full position on Tuesday for $7.51 million. The sale produced a $2.51 million profit in 46 days, according to the on-chain tracker.

Key points:

• Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment.
• Most major altcoins look weak, suggesting the bears are in control.

Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are slowly taking charge of the crypto market. Institutional investors seem to be on a selling spree, with BTC exchange-traded funds recording net outflows of $1.88 billion since May 15, per Farside Investors’ data. Glassnode said in a post on X that persistent net outflows from BTC ETFs on nearly every trading day since May 7 add “to the supply side without a visible demand offset.”

BTC’s weakness has sent it tumbling below its long-term valuation average, according to Bitwise. The asset management firm said in a recent report that in the past, only 36% of BTC’s market-value-to-realized-value (MVRV) readings were lower than the current level of 1.42. In comparison, roughly 99% of historical Nasdaq-100 price-to-book ratios were below their present levels, signaling the widest valuation gap on record between BTC and US tech stocks.

Crypto market data daily view. Source: TradingView

While others panic, a whale has used the drop as a buying opportunity. Blockstream CEO Adam Back said in a post on X that a BTC whale had hoovered up 450 “cheap Bitcoins” per day for the past eight and a half days using a time-weighted average price method.

Could BTC and select major altcoins bounce off their strong support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC turned down from the 20-day exponential moving average ($77,431) on Tuesday, signaling that the bears are selling on minor relief rallies.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to defend the crucial $76,000 to $74,289 support zone, while the bears will strive to pull the BTC price below it. If the support zone crumbles, the short-term advantage will tilt in favor of the bears. The BTC/USDT pair may then descend to the support line near $70,500, which is likely to attract buyers.

On the contrary, if the price bounces off the support zone, the bulls will again strive to drive the pair above the 20-day EMA. If they succeed, the pair may rally to $82,000 and then to $84,000.

Ether price prediction

Buyers have failed to push Ether (ETH) back above the support line, indicating that the bears are attempting to flip the level into resistance. 

ETH/USDT daily chart. Source: Cointelegraph/TradingView

There is psychological support at $2,000, but if that level cracks, the ETH/USDT pair may decline to the $1,916-$1,750 zone.

Buyers have an uphill task ahead of them. They will have to push the ETH price above the moving averages to signal strength. If they do that, it suggests that the market has rejected the breakdown below the channel. That increases the likelihood of a rally to $2,465, then to the channel’s resistance line.

BNB price prediction

Buyers are attempting to sustain BNB (BNB) above the 20-day EMA ($652), but the bears have kept up the pressure.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the 20-day EMA gives way, the bears will strive to strengthen their position by pulling the BNB price below the 50-day SMA ($636). If they can pull it off, the BNB/USDT pair may tumble to $610, then to $570.

Conversely, if the price rebounds off the moving averages, it suggests demand at lower levels. The bulls will then again endeavor to clear the $687 overhead hurdle. If they do that, the pair may rally to $730 and then to $790.

XRP price prediction

XRP (XRP) continues to gradually slide toward the $1.27 support, indicating that the bears remain in control. 

XRP/USDT daily chart. Source: Cointelegraph/TradingView

Buyers are expected to mount a strong defense at $1.27, but the relief rally is likely to face selling at the 20-day EMA ($1.37) and then at the downtrend line. If the XRP price declines sharply from the 20-day EMA, it increases the likelihood of a break below $1.27. If that happens, the XRP/USDT pair may plunge to $1.11 and then to $1.

The first sign of strength will be a break and close above the downtrend line. The pair may then climb to the $1.61 resistance. Buyers will have to pierce the $1.61 level to signal a potential trend change.

Solana price prediction

Solana’s (SOL) has been getting squeezed between the 20-day EMA ($86.42) and the $82.65 support.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA has started to turn down, and the RSI is in the negative territory, indicating a slight edge to the bears. If the price breaks below $82.65, the SOL/USDT pair may plummet to the $76 support.

Alternatively, if the SOL price rises sharply from the $82.65 level and breaks above the 20-day EMA, it suggests the pair may remain within the $76 to $98 range for a while longer.

Dogecoin price prediction

The failure of the bulls to push Dogecoin (DOGE) above the 20-day EMA ($0.10) suggests a negative sentiment.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are attempting to sink the DOGE price below $0.10, opening the door to a retest of $0.09 support. Buyers are expected to defend the $0.09 level with all their might, as a close below it may sink the DOGE/USDT pair to $0.08.

Contrary to this assumption, if the price rises and closes above the 20-day EMA, it suggests the pair may extend its range-bound action between $0.09 and $0.12 for a few more days. Buyers will have to secure a close above $0.12 to start a new uptrend toward $0.14 and then $0.16.

Hyperliquid price prediction

Hyperliquid (HYPE) pulled back from $64.93 on Monday, signaling profit-booking by short-term traders.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls are attempting to arrest the pullback at the breakout level of $59.41. If they succeed, it suggests that the bulls have flipped the level into support. That improves the prospects of a break above the $64.93 level. The HYPE/USDT pair may then surge toward $77.

Instead, if the HYPE price breaks below $59.41, the correction may deepen to the 20-day EMA ($52.14). Buyers are expected to fiercely defend the 20-day EMA, as a slide below it would signal the start of a deeper correction toward the 50-day SMA ($44.92).

Related: Three key XRP metrics suggest ‘explosive price expansion’ is next

Zcash price prediction

Zcash (ZEC) declined from the $690 level on Monday, indicating profit-taking by short-term traders.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are attempting to sustain the price below the 20-day EMA ($571), opening the door to a deeper correction. If they manage to do that, the ZEC price may plummet to $486 and then to the 50-day SMA ($457). 

The 20-day EMA is flattening, and the RSI has dropped toward the midpoint, indicating that the bulls are losing their grip. Buyers will have to thrust the ZEC/USDT pair above $690 to seize control.

Cardano price prediction

Cardano (ADA) remains below its moving averages, indicating that the bears have the advantage.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will endeavor to pull the ADA price to the $0.22 support. Any attempt by the bulls to start a recovery is expected to face strong selling at the 20-day EMA ($0.25). If the price declines sharply from the 20-day EMA, it increases the risk of a break below $0.22.

On the upside, a break and close above the moving averages suggests that the ADA/USDT pair may continue to oscillate inside the $0.22 to $0.31 range for some more time. The next trending move is expected to begin on a close above $0.31 or below $0.22.

Monero price prediction

Monero (XMR) has been trading within an ascending channel, suggesting buyers have the edge. 

XMR/USDT daily chart. Source: Cointelegraph/TradingView

The XMR price has bounced off the 50-day SMA ($378), indicating buying on dips. There is resistance at the downtrend line, but if the level is breached, the XMR/USDT pair may rise toward the resistance line. The bullish momentum may pick up if buyers drive and maintain the price above the resistance line.

Contrarily, if the price turns down from the downtrend line and breaks below the 50-day SMA, it suggests that the bears are selling on rallies. The pair may then drop to the support line.

• Avalanche’s network has reached a new record high in distributed RWA value.
• Data shows over $1.16 billion on-chain, boosted by BlackRock.
• AVAX price looks to hold $9.00 support amid this ecosystem growth.

Avalanche price hovered $9.25 on Wednesday as bulls attempted to solidify the uptick from intraday lows of $9.10.

The declines had put AVAX price down about 4% in the past 24 hours amid wider market weakness, with most altcoins shedding gains after Bitcoin briefly slipped below $75,000.

While the pullback in BTC could continue to pressure altcoins, could AVAX bounce to above $10.00 as the project hits a new high in terms of distributed real-world assets?

Avalanche RWA ecosystem sees sharp growth

Latest data indicates that Avalanche’s RWA ecosystem has recorded fresh momentum this month, reaching a new milestone for distributed RWAs on-chain.

Distributed RWAs represent assets that use the network as a distribution layer to enable investors to subscribe, hold, and manage tokenized securities or instruments through wallets or custodians.

Rwa.xyz values Avalanche shared shows the metric has surpassed $1.16 billion, with the network posting roughly 58% growth in distributed RWA value over the past two weeks.

Much of the uptick to increased activity from large institutional issuers and managers, notably BlackRock’s additional allocations to its USD Institutional Digital Liquidity (BUIDL) Fund.

Such flows into Avalanche-based products have pushed capital onto the chain, attracted liquidity providers, and boosted ancillary services such as custody, compliance tooling, and secondary-market trading.

As a whole, these services make Avalanche an appealing distribution layer for tokenization projects.

Industry observers say the growth reflects a broader trend by which the global value of tokenized assets has expanded significantly over the last year as institutions race to capture efficiencies from programmable settlement and fractional ownership.

AVAX price outlook

The AVAX token has struggled to recapture the momentum that pushed it to highs of $33 in late 2025.

From a technical perspective, AVAX’s daily chart shows the token under short-term pressure.

The Relative Strength Index (RSI) has edged lower toward neutral territory, signaling that momentum has weakened following the recent retracement.

Key support levels to monitor include $9.00 and $8.30, which align with recent intraday lows.

A deeper support band lies near $7.40, a level that would be tested if broader risk-off selling intensifies.

On the upside, resistance could emerge around $10.40, where sellers previously capped rallies.

The $12 area offers a more significant barrier tied to moving-average confluence and prior supply.

What’s the near-term outlook?

In the near term, AVAX’s direction is likely to remain correlated with BTC price action and institutional flows into Avalanche’s RWA products.

Renewed buyer interest, particularly if institutional subscriptions continue, could propel a recovery toward resistance.

Conversely, a sustained crypto-wide pullback would increase downside risk and test the supports outlined above.

A forty-year-old Texas bank is stepping onto the national stage to challenge Wall Street’s push to get a grip on the digital asset industry.

United Texas Bank (UTB) secured approval from the Office of the Comptroller of the Currency (OCC) to convert from a state-chartered financial institution into a nationally chartered bank on May 15, Scott Beck, the president and CEO of the firm, told CoinDesk on Wednesday.

The conversion move, Beck added, is to position his crypto-friendly bank as the primary bridge between the cryptocurrency industry and traditional financial institutions and to provide digital asset services he said the UTB has years fully delivering, while “Wall Street continues to tiptoe.”

The conversion granted by the OCC came with two conditions that Beck said have now been met. “Those conditions were satisfied as of today, May 27,” he said. Since 2024, the UTB operated under a Consent Order with the Federal Reserve, which related to its Bank Secrecy Act and compliance infrastructure.

“Rather than viewing that as a setback, we treated it as a mandate to build something exceptional, and we did. The result is UTB PRISM SENTINAL, our proprietary BSA/AML compliance platform,” he said.

The milestone makes the UTB one of the first banks in the U.S. to successfully complete an OCC conversion since the passage of the Dodd-Frank Act 15 years ago, Beck added. He said the conversion also uniquely positions UTB as a bridge between crypto firms worldwide into the U.S. banking system, access that very few banks today are willing to give.

“The concept for United Texas Bank is a centralized value hub,” said the chair of UTB, a bank he himself said is unknown nationally, but widely sought out by crypto firms.

“If you’re a digital asset player, you can’t get an account at a Bank of America or a Citibank. You can come to United Texas Bank and basically have full access to the U.S. dollar,” he said, adding that his bank has been providing services to reputable crypto firms for about five years, handling over $120 billion in transactions for them yearly.

Standing with the giants

Beck explained that the strategic OCC conversion places the Dallas-based institution on par with money-center giants like Bank of America and JPMorgan Chase, granting it identical federal licensure, full trust powers and direct access to the Federal Reserve’s wire and ACH systems, while retaining the FDIC insurance it had.

However, unlike traditional Wall Street firms that are beginning to explore the crypto ecosystem, UTB already “underpins a massive chunk of global crypto liquidity, clearing $10 billion a month in U.S dollar volume for foreign banks, over-the-counter (OTC) desks and major exchanges.

UTB is not alone in the race for a competitive place within the growing crypto sector in the United States. Last week, Minnesota signed into law new rules allowing local banks to fight Wall Street for cryptocurrency profit. The state banks and credit unions joined forces with lawmakers to push legislation granting them authorization to provide crypto custody services to their clients.

For UTB, the conversion marks an ambitious operational pivot, Beck added. While crypto startups have spent years chasing limited, trust-only charters that bar them from the Federal Reserve’s payment rails, UTB’s national charter bypasses those restrictions entirely.

A U.S. first

“We are the first to move across to the national banking stage with full access to the Federal Reserve for wires and ACH,” Beck added.

By shifting away from the Texas Department of Banking and positioning itself directly under the OCC, UTB aligned its corporate structure with the executive branch of the federal government, shielding its clients from the fractured regulatory landscape that historically choked crypto firms, Beck said.

To capitalize further on its federal upgrade, the bank is launching UTB Atomic, an artificial intelligence-driven, real-time payment network engineered to bring back the round-the-clock liquidity infrastructure that collapsed when Silvergate and Signature Bank did.

In a 24/7 crypto market, traditional bank closures create massive settlement bottlenecks for institutional traders operating at 3:00 a.m.. UTB Atomic solves this by enabling instant, off-balance-sheet clearing between institutional clients while a parallel AI network, UTB Prism Sentinel, continuously conducts real-time blockchain surveillance to neutralize compliance risks, Beck explained.

“The biggest issue that faces the larger financial institutions is the ability to actually track what’s happening as the payments are coming through,” Beck said, adding that the system is purpose-built to navigate upcoming regulatory thresholds like the federal stablecoin frameworks under the GENIUS Act and Clarity Act.

With a comprehensive digital asset custody and full-service trust department slated to launch this summer, UTB aims to bridge traditional finance and crypto and positioning itself as the native financial plumbing for the next era of global commerce, Beck said.

Recently, the United Kingdom Foreign, Commonwealth, and Development Office (FCDO) sanctioned an entity called “Huobi Global S.A.” for its alleged role in “providing financial services” to firms that are “carrying on business in a sector of strategic significance to the Government of Russia.”

Specifically, it alleged that this entity was interacting with what is commonly referred to as the A7 Payment Network, which includes the A7A5 stablecoin.

Additionally, Huobi Global S.A. was allegedly interacting with the Russian cryptocurrency exchange Garantex.

Read more: UK sanctions HTX for alleged Russian sanctions violations

HTX has publicly responded to these allegations by claiming, “the listed entity Huobi Global S. A. is distinct from the online HTX exchange.”

It further claimed that “the designation does not and should not have any impact on the online HTX exchange. HTX’s global operations remain unaffected, and all user funds are safe.”

However, this update minimizes the extensive role that Huobi Global S.A. has served for HTX.

What is Huobi Global S.A.?

Huobi Global S.A. is a Panamanian incorporated entity that was incorporated on May 19th, 2023.

This entity lists Huobi Global Limited as one of its directors.

That is not the only connection to the HTX exchange, as Huobi Global S.A. is also the trademark holder for the HTX trademark in the United States.

However, the most striking connection comes from a legal filing related to Huobi Global S.A.