Three US-listed spot ETFs tracking Hyperliquid’s HYPE token attracted $153 million in net inflows within their first month, ranking among crypto’s strongest launches outside Bitcoin and Ethereum. The surge reflects institutional demand for HYPE’s unique structure: 97% of exchange trading fees fund buybacks, creating a revenue-backed asset rather than speculative token.
Strategy purchased 1,587 BTC for $100 million last week, accounting for the entire amount of Bitcoin bought by tracked public companies that period. The company now controls roughly 75% of all Bitcoin held by public firms, raising concerns about extreme corporate buyer concentration in the market.
Thetanuts Finance lost $2.1 million to an exploit in a deprecated vault, with security firms flagging the attack before the protocol acknowledged it. The incident highlights a critical blockchain vulnerability: deprecated code remains live indefinitely with no monitoring or admin controls, creating permanent security risks.
The CFTC is rapidly staffing up with crypto-savvy hires as it battles states in court and drafts its first prediction market rulebook. New Chief Data Innovation Officer Donald Battle brings blockchain forensics and SEC crypto task force experience, signaling Chairman Selig is consolidating technical capacity around vetted insiders rather than building broader coalitions.
Kraken launches CFTC-regulated perpetual futures for US traders through Kraken Pro, offering the first domestically regulated access to a product that generated over $60 trillion in global volume in 2025. The rollout covers nine major assets including Bitcoin and Ethereum, with infrastructure assembled ahead of regulatory approval enabling immediate full-scale deployment.
The CFTC has authorized Bitcoin perpetual futures for US customers through Kalshi, the first regulated domestic venue offering these contracts—products that generated $90 trillion in volume offshore last year. This regulatory approval mirrors the spot Bitcoin ETF moment, creating a compliant on-ramp for institutional demand that previously had no clean domestic channel.
Nuvei’s $2.75 billion acquisition of Payoneer looks like a payments consolidation, but it’s really about securing a regulated stablecoin charter. The combined entity could become one of the most consequential regulated stablecoin issuers in the U.S., with existing infrastructure serving Amazon, Walmart, and Shopify.
Hedera’s HBAR token is trading 85% below its 2021 peak of $0.57, currently stuck near $0.083 with technical indicators offering little hope for recovery. A modest bounce has hit resistance around $0.088-$0.090, while longer-term moving averages remain in sell signals and extreme fear sentiment makes sustained momentum unlikely.
Forward Industries has made three failed acquisition bids for Solana treasury companies while sitting on over $1 billion in unrealized losses from its own SOL holdings. Recent on-chain activity suggests the company may be preparing to sell assets, raising questions about its consolidation strategy.
A Washington, D.C. subscriber is suing Anthropic, claiming its $100-$200 monthly Claude Max plans delivered far less usage than advertised and changed limits without notice. The lawsuit highlights a fundamental tension: AI subscriptions carry real compute costs, making heavy users expensive to serve despite premium pricing promises.