Author: John Smith

Grayscale has moved closer to launching its Hyperliquid exchange-traded fund after adding a 0.29% sponsor fee and HYPG ticker to its amended registration filing. Summary Grayscale updated its Hyperliquid ETF filing to include a 0.29% fee and the HYPG ticker. James Seyffart expects Grayscale’s Hyperliquid ETF to launch sometime this week. The fund would compete with Bitwise’s BHYP and 21Shares’ THYP HYPE ETFs. The Securities and Exchange Commission filing submitted Monday shows that Grayscale updated its S-1 registration statement for the Grayscale Hyperliquid Staking ETF. The amendment adds the fund’s fee structure and proposed ticker, bringing the product nearer to…

CME Group has drawn about $50 million in notional volume during the first weekend of its new 24/7 cryptocurrency futures and options trading service. Summary CME Group recorded about $50 million in notional trading volume during the first weekend of its 24/7 crypto derivatives market. More than 7,200 cryptocurrency futures and options contracts traded after round-the-clock access began on May 29. The launch allows traders to manage positions in regulated crypto derivatives on weekends and holidays. According to CME Group’s official update, more than 7,200 crypto futures and options contracts changed hands after round-the-clock trading began on May 29. The…

TON has rallied after Telegram founder Pavel Durov said the network’s native token will revert to its original name, Gram. Summary Pavel Durov said Toncoin will be renamed Gram, restoring the token’s original identity as defined in TON’s first white paper. TON rose 18.75% to $2.19 after traders reacted to the rebrand and Telegram’s stronger role in the ecosystem. Durov said the rebrand will take about three weeks and will not require any token swap. According to Durov, Gram was the original name of the token in TON’s original white paper, while TON will remain the name of the blockchain…

Coinbase has intensified its push for U.S. crypto market rules as Senate lawmakers prepare for a decisive vote on the CLARITY Act this month. Summary Coinbase’s Faryar Shirzad said the CLARITY Act could become the biggest U.S. financial regulatory bill since Dodd-Frank. The bill cleared the Senate Banking Committee by a 15-9 vote and now needs 60 votes in the Senate to advance. Senator Cynthia Lummis warned that Congress may not get another serious chance to pass crypto legislation until 2030. Shirzad said on Fox Business’ Mornings with Maria that the Digital Asset Market Clarity Act could become the most…

On June 1, 2026, Strategy disclosed in an 8-K filing that it sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135, raising about $2.5 million. It was the company’s first Bitcoin sale since December 2022, and for an outfit built on Michael Saylor’s promise never to sell, the symbolism landed harder than the number. Summary Strategy sold 32 Bitcoin for about $2.5 million, marking its first Bitcoin sale since December 2022. Proceeds from the sale are expected to fund preferred stock dividends as the company’s mNAV premium has narrowed. The transaction represented just 0.0038%…

Strategy has put STRC at the center of its latest capital story after selling 32 Bitcoin to help fund preferred stock distributions. Summary Strategy sold 32 Bitcoin for about $2.5 million to help fund distributions on its STRC preferred stock. Michael Saylor promoted STRC after the sale, saying Strategy wants it to become the best credit instrument. Strategy paused Bitcoin purchases while repurchasing convertible debt worth nearly $1.5 billion in face value. Strategy said in an 8-K filing that it sold the Bitcoin for about $2.5 million last week, with the proceeds expected to fund distributions on its perpetual preferred…

Dogecoin is trading around $0.10 after House of Doge and Paxos unveiled a partnership that could funnel the meme coin into PayPal and Venmo’s combined base of hundreds of millions of users. Summary Dogecoin’s corporate arm strikes Paxos deal to plug DOGE into PayPal and Venmo’s crypto rails. DOGE hovers near $0.10 with a roughly $16.9 billion market cap as traders weigh mainstream access against meme fatigue. Most 2026 forecasts cluster in a restrained $0.14–$0.16 band unless a fresh meme mania re‑rates the asset. House of Doge, the official corporate arm of the Dogecoin Foundation, has announced a strategic partnership…

Solana trades near $84-$96 in late May 2026, having spent much of the year recovering from a difficult Q1 that saw the price slice from $200+ down to the low $60s before stabilizing. Summary Solana’s recent advance has coincided with progress on the Alpenglow upgrade, Firedancer rollout, and more than $1.12 billion in cumulative spot ETF inflows. Around 30 institutions, including Goldman Sachs and Electric Capital, hold roughly $540 million in Solana ETF exposure as institutional participation continues to grow. Long-term projections hinge on successful deployment of Alpenglow and Firedancer, sustained ETF demand, and stronger activity across tokenized assets, decentralized…

The GENIUS Act, signed into law on July 18, 2025, established the first comprehensive federal framework for stablecoins in the United States.  Summary USDC’s reserve structure already matched the GENIUS Act’s core requirements before the law passed. Circle’s banking, custody, and reserve-management links helped push USDC toward Wall Street infrastructure. Broker-dealer capital treatment and FIS integration made USDC more useful for regulated financial firms. Circle’s CRCL listing validated the stablecoin business model, but reserve-income dependence remains a risk. Circle’s USDC was already operationally aligned with what the law required: 98.9 percent of reserves in short-dated US Treasuries and cash equivalents,…

Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. Summary Bitcoin has fallen into a bearish channel as more than $2.4 billion exits spot ETFs, and traders defend the key $72,000 support zone. Rising oil prices above $90 and renewed U.S.-Iran military tensions have added pressure to risk assets, including Bitcoin. Analysts warn that a break below $72,650 could expose Bitcoin to further downside, with the next major demand zone between $54,300 and $51,000. According to crypto.news data, Bitcoin (BTC) traded near $72,700…