Crypto World
Solana futures funding rate turns negative, signaling market shift
Solana’s native token SOL faced a roughly 15% correction after a rejection near $98 on May 11, with traders watching a potential support retest at around $83 on the following Tuesday. The move comes as perpetual futures funding rates shifted into negative territory, signaling greater appetite for bearish leverage and adding to the pressure from softer on-chain activity. Market data indicate SOL’s funding rate slipped to around -3% on Tuesday, down sharply from +8% just days earlier, underscoring investors’ preference for hedges or short exposure in a choppy price environment. A Friday-to-Tuesday drift kept the market away from sustained bullish leverage, with a note that funding costs tend to settle near neutral levels in calmer conditions. The price action has also intersected with a broader deterioration in Solana’s on-chain usage, compounding concerns about its near-term trajectory.
Key takeaways
- Solana’s perpetual futures funding rate turned negative, suggesting rising demand for short SOL positions as the token traded near resistance.
- Competition from rival networks, particularly Hyperliquid and Base, is intensifying, threatening Solana’s DEX volume and ecosystem revenue share.
- Solana’s DEX activity has declined meaningfully since January, with DApp revenue around $20 million per week and weekly DEX volume near $11 billion, down from prior peaks.
- Solana remains a leading source of DApp revenue, but Ethereum’s broader TVL advantage remains intact, highlighting sectoral competition for user momentum and liquidity.
- Questions persist about on-chain activity quality, including potential MEV-related spoofing on low-cost Solana DApps, underscoring ongoing data-quality and integrity concerns.
Funding dynamics, price action, and what it signals
The price action around SOL has been shaped by a blend of resistance tests and shifting funding costs. After a rejection at around $98 in early May, SOL retraced and briefly tested the low-to-mid $80s, before another pullback. The latest data show a negative perpetual funding rate, with Tuesday readings around -3%—a material swing from the weekend’s +8%—indicating a market skew toward short exposure and a higher cost to hold long positions in neutral to bearish conditions. In practical terms, negative funding rates imply that longs must pay shorts to maintain their leverage, a sign of faltering demand for a sustained bounce rather than a confident upside breakout. The broader price framework, including a move below $90 at the weekend, has reinforced caution around near-term upside catalysts for SOL.
These funding dynamics sit alongside a price thread that has faced a harder environment for bulls to gain traction, as investors weigh on-chain activity and the competitive landscape for Solana’s ecosystem. While SOL’s price strength is often tied to usage and developer traction, the current regime points to a watchful market awaiting a clearer debt-to-equity balance in Solana’s on-chain activity and liquidity flows.
Solana’s ecosystem under pressure: DEX activity and DApp revenue
Defi analytics show a meaningful slowdown in Solana’s DEX and DApp activity since January. Solana’s weekly DApp revenue has stabilized around $20 million, down from roughly $35 million in January. In parallel, total weekly DEX volume on the network sits around $11 billion, compared with about $25 billion per week earlier in the year. The pullback in DApp demand has fed into a softer revenue environment for developers and liquidity providers, even as Solana remains a leading chain for new application launches and trading activity within its ecosystem.
Among the week’s revenue leaders on Solana are Pump, Axiom Pro, Phantom, and Jupiter, collectively accounting for roughly two-thirds of DApp revenue share over a 30-day period. This concentration indicates both a high degree of activity among a core set of applications and continued competition for developer and liquidity incentives in the Solana ecosystem. Although Solana still commands a dominant share of DApp revenue in its class, the broader DeFi layer remains exposed to shifting usage patterns as competitors sharpen their positions.
Competitive dynamics: Hyperliquid, Base, and the liquidity race
Solana’s ecosystem is contending with intensified competition from rival networks leveraging different models to capture DEX volume. Hyperliquid has emerged as a direct threat, particularly through its approach to perpetual contracts and high-throughput trading features that are integrated at or near the consensus layer. On the other hand, Base—an Ethereum Layer 2 network linked to Coinbase—offers tighter integration into the Coinbase ecosystem, positioning it to siphon liquidity that might otherwise flow to Solana’s on-chain venues.
In the broader picture, Solana’s on-chain value metrics show a mixed picture. Solana remains a top blockchain by DApp revenue and retains significant TVL, but it now sits behind Ethereum in total value locked—Ethereum remains the dominant chain with roughly $43.2 billion in TVL, reflecting substantial collateralized lending and staking activity. Among Solana-compatible platforms, Jupiter, Kamino, Sanctum, and Raydium continue to be major DEX and staking DApps, collectively anchoring the network’s TVL around $5.9 billion, well ahead of competing chains like BNB Chain and Base in specific categories but not in the broad TVL race.
Looking at the data through this competitive lens is essential for investors and builders. If Solana can arrest the slide in DEX volumes and re-accelerate DApp usage, its relative position could improve even in a crowded field. Conversely, sustained gains by Hyperliquid and Base could compress Solana’s liquidity and revenue share, making the network’s path forward more dependent on renewed developer activity and strategic incentives to attract traders back to Solana-based venues.
MEV, spoofing concerns, and what to watch next
Solana’s low transaction fees create both opportunities and risks for activity within DApps. Some observers warn that the same cost efficiency that benefits ordinary users also creates a favorable environment for maximal extractable value (MEV) botting and spoofing, potentially inflating on-chain activity without corresponding real user engagement. The pattern has drawn attention from analysts who monitor unusual concentration of activity across certain platforms. For example, a post on X by a market observer highlighted that about 1,600 addresses appeared to account for a disproportionate share of volumes on PreStocks, a synthetic asset market operating on Solana. While such patterns align with arbitrage-like behavior, they also raise questions about whether some activity is genuine trading or volume manipulation. The claim underscores the need for ongoing vigilance over data quality as Solana’s ecosystem scales.
These dynamics matter for investors and builders because the quality of on-chain activity directly informs token economics, network security incentives, and the attractiveness of Solana-based products to developers and traders. As competition intensifies with Base’s Coinbase tie-in and Hyperliquid’s perpetual-focused approach, the next several quarters will be crucial for Solana to demonstrate that growth in DApp usage and DEX volume can outpace a widening field of alternatives.
For readers tracking the data, several sources provide ongoing insight: Laevitas data shows the shifting funding rate terrain for SOL perpetuals, while DefiLlama offers the weekly DApp revenue and TVL figures used to map Solana’s ecosystem health. Observers will want to watch whether SOL’s price reclaims key levels and whether DEX activity rebounds as memecoin trading and other liquidity magnets regain steam.
As the market navigates a landscape of rising competition and evolving on-chain behavior, the coming weeks could reveal whether Solana can stabilize usage or whether the advantage shifts decisively toward rivals like Base and Hyperliquid. Investors should monitor funding-rate signals, DEX volume dynamics, and the quality of on-chain activity to gauge Solana’s path forward.
What’s next to watch: a potential rebound in DEX activity and developer engagement, a clearer trend in on-chain activity quality, and how Base’s Coinbase integration may reshape liquidity flows. The coming data points will help determine if Solana can restore momentum or if the current crosswinds deepen the competitive gap.
Crypto World
Changpeng Zhao Warns Crypto Devs to Rotate API Keys After GitHub Hack
GitHub says a hacker stole code from roughly 3,800 of its internal repositories after planting a poisoned plugin on an employee’s computer, raising alarm in the crypto industry over the safety of API keys saved inside code.
Binance founder Changpeng Zhao told developers to check every project for hidden keys and replace them, warning that even private repositories should now be treated as exposed.
What The Company Disclosed
GitHub said the breach began when an employee installed a malicious version of a VS Code extension, a small add-on for a code editor used by millions of developers around the world.
The company isolated the affected computer, removed the bad extension, and began swapping out critical passwords overnight. The highest-risk credentials were rotated first.
So far, the investigation suggests the hacker only pulled code from GitHub’s own internal repositories. Customer projects, organizations, and accounts show no evidence of impact.
GitHub said the attacker’s claim of about 3,800 stolen repositories lines up with what its own team has found. A fuller report will follow once the investigation is finished.
Why Crypto Developers Are on Alert
In crypto, an exposed API key can drain a trading account within minutes. Many keys also open access to wallets, custody tools, or exchange bots. That is why CZ moved quickly to warn his followers.
The sector has been hit before. A breach at infrastructure provider Vercel earlier this year forced teams to rotate keys. The 3Commas leak in 2022 exposed roughly 100,000 user keys.
A separate supply chain attack on the Bitwarden password manager stole wallet seeds and developer tokens. It then hid the stolen data inside GitHub repositories.
Developers often leave private keys inside code, build scripts, or hidden config files, assuming nobody outside the company can read them. The GitHub case shows internal systems can be broken just like public ones.
GitHub said its team is still working through the logs. Whether any of the stolen repositories contain code or secrets tied to crypto infrastructure should become clearer in the days ahead.
The post Changpeng Zhao Warns Crypto Devs to Rotate API Keys After GitHub Hack appeared first on BeInCrypto.
Crypto World
Why DOGEBALL’s innovative presale can outshine ASTER’s 830% surge
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.
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!

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.
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:
- Visit the DOGEBALL Website: Go to the official DOGEBALL site to access the presale portal.
- Set Up a Crypto Wallet: Ensure a crypto wallet is ready for transactions.
- 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!

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.
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.
Crypto World
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.
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.
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.
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
Crypto World
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.
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.
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.
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
Crypto World
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.
“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.
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.
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
Crypto World
Zcash Foundation Confirms SEC Closure While ZEC Price Surges
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.
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.
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.
Crypto World
Bankr Joins May Hack Wave With 14-Wallets Breached
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.
Follow us on X to get the latest news as it happens
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.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
The post Bankr Joins May Hack Wave With 14-Wallets Breached appeared first on BeInCrypto.
Crypto World
Bitwise Boosts HYPE Holdings as Hyperliquid ETF Gains Momentum
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.
Hyperliquid was built different.
As in, 99% of the blockchain’s revenue is used to buy and burn HYPE. It’s a community-first model based on this idea: If the protocol succeeds, the community succeeds.
In that spirit, we’re pleased to announce that Bitwise will be devoting 10%… pic.twitter.com/gOnaHkZRni
— Bitwise (@Bitwise) May 18, 2026
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.
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.
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.
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.
Crypto World
Hyperliquid ETF pulls $5M in days, 21Shares says
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.
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.
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.
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.
Crypto World
Global Tensions and ETF Outflows Impact Cryptocurrency Market Sentiment
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.
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.
LIKE, REPOST, TAG, SHARE ‼️
🇺🇸 Trump confirmed today that China is refusing to buy NVIDIA chips because they are developing their own
This once again confirms that the US has lost the main bargaining card with China 🇨🇳
🇨🇳 China has refused to stop buying oil from Iran🇮🇷…
— James Wynn (@JamesWynnReal) May 16, 2026
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.
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.
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.
-
Crypto World4 days agoBloFin War of Whales 2026 Grand Prix opens registration for $5M trading championship
-
Fashion4 days agoWeekend Open Thread: Theory – Corporette.com
-
Crypto World4 days agoE-Estate Announces 1 Year Live: Washington DC Summit as Real Estate Tokenization Enters Its Next Phase
-
Crypto World7 days ago
Bitcoin Suisse expands with Digital Asset License and Investment Business Act Registration Approval in Bermuda
-
Tech5 days agoTech Moves: Microsoft AI leader jumps to OpenAI; former AI2 exec joins Meta; and more
-
Crypto World6 days agoGoogle’s Gemini AI Predicts Incredible Solana Price by the End of 2026
-
Tech4 days agoGoogle reimburses Register sources who were victims of API fraud
-
Business5 days agoH&R Real Estate Investment Trust (HR.UN:CA) Q1 2026 Earnings Call Transcript
-
Sports4 days agoNapoleonic enters 2026 Doomben 10,000 field via Abounding withdrawal
-
Entertainment6 days agoZara Larsson Has Blunt Response To Chris Brown Diss
-
Crypto World6 days agoTwo AI Tokens Lead May Rally, But Risks Are Rising
-
Crypto World4 days agoBeInCrypto 100 Institutional Awards Nomination: KAST for Best Digital Assets Neobank and Best Digital Assets Fintech
-
Fashion3 days agoOn the Scene at Gucci’s Cruise Show in New York City: Mariah Carey, Kim Kardashian, Lindsay Lohan, Iman, and More!
-
Tech7 days ago
Why AI is making typography a boardroom conversation
-
Crypto World4 days agoBitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows
-
Crypto World4 days agoWall Street’s Boldest Gold Prediction Has Russians Rushing to Buy
-
Fashion4 days agoTrending Western Style Vests Perfect for Summer
-
Entertainment5 days agoDavid Letterman Returns to Late Show, Blasts Cancellation
-
Politics5 days agoDWP PIP Timms review continues to be an absolute farce
-
Crypto World4 days agoICE and CME urge US regulators to curb Hyperliquid energy trading


You must be logged in to post a comment Login