Category: crypto

Hyperliquid’s native token, HYPE, reached a new record high due to increased trading activity and open interest, following Bitcoin’s price milestone. The platform’s open interest reached $9.4 billion, a 53% increase from previous levels. Hyperliquid engaged with the CFTC regarding regulatory discussions and emphasized the benefits of its decentralized infrastructure. HYPE surged over 12% in…

Cetus Protocol offered a $5 million reward for information leading to the arrest of the attacker who stole $223 million from its decentralized exchange. They also proposed a $6 million retention fee to the attacker for returning the stolen assets. The incident has sparked a debate on decentralization in the crypto community.

Kraken has added perpetual futures contracts for Pi Network’s token, PI, with up to 20x leverage. Despite the listing on a major derivatives platform, the token’s price did not see positive movement. Trading at $0.77, down 5.33%, the futures offer exposure to PI’s price with ongoing concerns about decentralization and market performance.

Bitwise and UTXO Management project that 20% of Bitcoin could move to institutional balance sheets by 2026. The study explores five demand channels for Bitcoin, including nation-states, wealth-management platforms, public companies, and sovereign-wealth funds. Favorable policies in the US could also drive adoption. The report predicts a shift towards “hyperbitcoinization.”

OpenAI released a video of CEO Sam Altman and Jony Ive discussing merging Ive’s startup Io with OpenAI. Crypto Twitter speculated about the authenticity of the video, focusing on details like latte foam. Despite the controversy, Altman is investing billions to create a revolutionary computing device. The internet debates the video’s realism while OpenAI and…

Bitcoin has recovered slightly after dropping from its all-time high due to Trump’s announcement of potential tariffs on EU-imported goods. S&P 500 and oil futures fell, while gold rose. Trump criticized the EU’s trade policies and threatened tariffs. All top 10 cryptocurrencies declined, with Solana performing the best. Bitcoin erased recent gains.

Major US banks are reportedly collaborating on a joint stablecoin initiative, signaling a shift in traditional financial institutions’ approach to cryptocurrencies. This development could challenge the dominance of current stablecoin leaders, Tether and Circle. The move highlights the growing importance of stablecoins in the global financial system and could impact the market significantly.

A recent report by CryptoSlate examines the performance of high beta Bitcoin proxy stocks in comparison to Bitcoin’s spot price, ETFs, and vehicles like MSTR. It shows that these stocks are lagging behind BTC price in 2025, indicating a potential investment opportunity for those looking to gain exposure to Bitcoin.

Changpeng Zhao, former CEO of Binance, denies allegations in a Wall Street Journal article that he acted as a “fixer” for World Liberty Financial, a DeFi venture linked to the Trump family. Zhao refuted claims of arranging introductions for the company and accused the publication of distorting facts. He criticized WSJ for misleading reporting and…

US President Donald Trump hosted a crypto dinner for top TRUMP memecoin holders on May 22, attended by crypto elites and public figures globally. TRON founder Justin Sun had the highest stake. Despite the event’s success, TRUMP token prices dropped post-dinner, with some attendees selling off their holdings. Critics called the event corrupt.