🗣 Matt Cole, the CEO of Strive, stated that the digital credit market could hit $3 trillion in the next decade due to exponential demand. He emphasized that digital credit represents a significant opportunity with strong demand for more issuers.
✴️ Kyle Samani, co-founder of Multicoin Capital, claimed that the Hyperliquid platform is a "Binance 2.0," but without a marketing team.
The HYPE token continues to smash records.
It's fascinating to see how that narrative took a 180-degree turn. Although the comparison of "Binance 2.0 without marketing" used to be a very popular and bullish thesis in the crypto community, Kyle Samani's public stance on the project has taken a radically opposite and quite controversial direction.
Far from continuing to defend it, Samani has become one of Hyperliquid's fiercest critics. He made harsh public statements accusing the platform of embodying "the worst problems of the crypto industry," strongly attacking its closed-source model and permissioned design. This ideological clash with the market's direction coincided with his withdrawal from daily management at Multicoin Capital to focus on sectors like artificial intelligence and robotics.
The market, however, has completely ignored the criticisms. Driven by an unprecedented revenue-generating engine in DeFi, the **HYPE** token has surpassed the **$67** mark, elevating its market cap above **$14 billion**.
### The keys behind the HYPE rally The real strength behind these historic records is not traditional marketing, but an economic structure programmed to absorb the circulating supply:
* **The automatic buyback machine:** Unlike other protocols that accumulate their profits or dilute them in governance with no real value, Hyperliquid allocates approximately **99% of the fees generated** in its perpetual and spot markets to its Assistance Fund. This fund continuously buys back HYPE directly in the open market, block by block.
To date, over **$1.16 billion in real revenue** has been channeled to execute these buybacks.
🚀 While $HYPE keeps printing new HTA and has already surpassed $68.
Whale "0x082" has been holding a long position on $hype at 5x leverage since December 5, 2025, now with a gain of over $40.69M+ after having lost over $26M+ at one point.
Still holding 1.38 million $hype (~$94 million).
🕵️ Loracle has started to close its short positions on HYPE, $LIT, and $VVV . It has lost over $36.7 million on HYPE and $LIT, while only $vvv shows a small profit.
🐳 #XRP Ripple Labs plans to raise at least $1 billion through a special purpose vehicle to create a public market instrument that will accumulate $XRP . Coindesk.
Bringing together the most relevant events in the crypto ecosystem in one single newsletter.
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📩 Some key highlights this week:
👀 Did Strategy sell bitcoin (BTC)? So far, there’s no proof of that. The company headed by Michael Saylor sent 411.5 BTC to Coinbase Prime, but hours later practically withdrew the same amount back to their own wallets. Up to now, the firm hasn't confirmed any sale, and the transfers could be for custody tasks or internal reorganization.
🔹 Strategy is buying back USD 1.5 billion in debt without selling a single bitcoin.
🔹 Tether and Georgia launch GEL₮, an "official stablecoin" pegged to the European country's currency, the Georgian lari.
🔹 Bitcoin options are coming to Nasdaq after the SEC conditionally approved the listing of options on bitcoin indices under the ticker QBTC.
🔹 Tron becomes the network with the most active users, surpassing Solana. It reached a record high of 4.5 million daily active users.
🔹 Nearly USD 500,000 was drained from about 297 wallets across Ethereum, Polygon, BNB Chain, Base, Arbitrum, among other networks.
🇪🇺🇷🇺 Euroclear has appealed the ruling forcing them to pay 200 billion euros in a lawsuit filed by the Central Bank
🛢️🇮🇷🇶🇺🇨🇳 Moscow and Beijing will have special conditions to navigate the Strait of Hormuz, stated Ebrahim Azizi, head of the National Security and Foreign Policy Committee of the Iranian parliament, to RIA Novosti.
🇷🇺 Russia's largest non-state pension funds, such as Blagosostoyanie, Gazfond Pensionnyye Nakopleniya, and VTB Pensionny Fond, have begun exploring potential mergers with RBC.
❌🇷🇺 FinEx has decided to liquidate frozen funds for Russian investors.
Fund directors submitted requests after conducting a detailed analysis of options to return funds to ETF shareholders, whose assets were blocked in June 2022. This occurred as a result of sanctions imposed on Russia's National Settlement Depository (NSD). The decision is described as a mechanism for "orderly liquidation of fund assets and return of capital to eligible investors through a process compliant with sanction requirements."
⚠️🇷🇺🇦🇲 The Russian ambassador to Armenia has been summoned to Moscow for consultations on measures taken by Armenian authorities to align closer with the EU, according to the Russian Foreign Ministry.
🇷🇺🤖 Putin named Russia as one of three countries developing sovereign AI.
🇺🇸 Trump underwent a medical examination. The physician stated that everything is fine: the results of the physical exam confirm he is fit to continue serving as President of the United States.
⚠️🇮🇷 Iran launched a missile attack on a U.S. air base in Kuwait — BBG
The information reported by Bloomberg (BBG) confirms the attack. Kuwait's air defenses managed to intercept an Iranian ballistic missile type **Fateh-110**, but the debris fell directly inside the **Ali Al Salem Air Base**, operated by U.S. forces. The impact caused material damage and injuries at the military facility: * **Material damage:** The impact from the fragments completely destroyed a **MQ-9 Reaper** drone and left another one severely damaged. Each of these aircraft is valued at around 30 million dollars.
🥷 Gravity Bridge got hacked for about 5.4 million bucks. The stolen assets got flipped for #ETH.
Right now, the attacker still holds around 2,102 ETH (4.1 million dollars).
💼 Circle froze a contract from the Zama protocol, locking up 12.6 million in user funds. According to ZachXBT, this has raised questions about their ability to freeze on-chain assets.
🇺🇸📊 #BTC #ETH According to SoSoValue data, on May 29 (ET), U.S. spot Bitcoin ETFs saw a net outflow of $125 million, marking the tenth consecutive day of net outflows.
U.S. spot Ethereum ETFs recorded a net outflow of $17.91 million, extending their outflow streak to 14 consecutive days. #ETF
🕵️ Did Michael Saylor's strategy cancel his short of $BTC ?
The strategy pulled 411.5 $btc ($30.2M) from Coinbase Prime 5 hours ago.
🐳 A whale "0xce8" closed its long $ETH position, locking in a profit of $184K. It then shifted to a short position in ETH with 12.838 ETH (approximately $25.9 million).
🐳 A whale "0xa44" has opened 156,119 short positions on $HYPE (10x) and 1.97M $LIT (5x), valued together at $12.8M.
🐳 The whale linked to a16z purchased another 226,121 $hype today for $14.5M.
Since April 14, this whale has bought a total of 3.9 million HYPE for $192.6 million at an average price of $49.4. link
⛏️ #BTC Bitcoin: Matthew Kratter from Bitcoin University explains why the biggest concern for Bitcoin is the centralization of mining.
🇺🇸📊 The analyst from investment bank TD Cowen, Lance Vitanza, valued at $15 billion, stated that the top Bitcoin treasury firms should outpace the ETFs of #BTC due to leverage and increased issuance. He added that if their shares today equal 1 #BTC, in 20 years those shares could be worth 5-10 #BTC. #etf
🕵️♂️ A freshly minted wallet just snagged 25,000 $ETH ($50.56 million) from Kraken. It's likely tied to Bitmine.
🐳 A whale from the HYPE Genesis has started to take profits, locking in an estimated gain of over $94 million in HYPE.
- Received 819,335 $HYPE from the HyperLiquid Genesis distribution. - Later bought 676,798 $HYPE for $2.9 million at an average price of $4.29. - Withdrawn 500,000 HYPE ($33M) from Hyperliquid, 8 hours ago. - Deposited 211,001 HYPE ($13.82 million) into Coinbase. - Still holding 1,284,955 HYPE worth $82.62 million.
Short setup on #NEAR: setting a trap for the masses 🕸
On the chart, we're carving out an ideal scenario. Right now, we're seeing a local bounce, where inexperienced traders will start piling into longs, believing in the to the moon hype. But let's not fall for that.
Pay attention to my markings. Higher up lies a strong green resistance block (2.640 — 2.800). This is exactly where the big player is going to unload their positions on those buying into green candlesticks.
Did retail buy the wrong coin in 2025-2026 (like always)?
While everyone was holding Solana and believing in its growth, it indeed appreciated: adding ~$23B in market cap (that's more than the entire market cap of HYPE), approximately a 2x since 2021. Only the price remains the same:
in August 2021 = ~$88 now = ~$82. Meanwhile, in 4 years, another ~288M SOL were minted, doubling the supply and diluting the value of their Solanas.
But things could have been different: HYPE surged in the last semester from $30 to a new ATH ($66), while its market cap is far from its ATH (the previous market cap peak was in August 2025, ~$16.2B, now it's ~$14.6B, about 10% below).
This is because the supply in the summer of 2025 decreased by -33% (thanks to buybacks and other mechanisms). A riddle: both coins grew, but you could only make money on one.
*the circulating supply of Solana is >90%, while that of HYPE is only 20% Big capital in action, folks.
**The global financial map is being redesigned before our eyes!** 🌍💥
You can't master **#Web3** just by looking at a chart. The real game is connecting the dots:
📊 **THE MACRO-ENVIRONMENT:** Oil, gold, and rare earths merging with the Fiat market and CBDCs. Traditional money either evolves or goes extinct!
⛓️ **THE RWA REVOLUTION:** Real assets are being tokenized en masse on BNB, ETH, and Solana. Global liquidity knows no borders anymore.
⚙️ **PURE INFRASTRUCTURE:** The power behind the network. Digital mining, ASIC power, and validation nodes supporting the new centralized order.
From stablecoins to the tokenization of minerals... capital is chasing the speed of blockchain! Don’t just watch the price, **understand the structure that holds the block.** 🚀💡
Which sector will lead real tokenization this year? I’m all ears! 👇
🔮 Reports indicate that the strategy has moved 400 Bitcoin to Coinbase Prime, and Polymarket odds have risen to a 67% chance that Saylor will sell before June 30.
The telegraphed BTC sell-off by Strategy could be happening.
🏦 It is estimated that the public company Strive has bought 1,210 btc today for $89 million through SATA.
💵 250,000,000 $USDC ($250,069,749) minted in the USDC Treasury.
🗳️ President Trump has delayed a final decision on the latest proposal from Iran while the White House is considering a possible extension of the ceasefire, according to The New York Times.
🇺🇸📉 Oil prices in the U.S. dipped below $87 a barrel for the first time since April, when President Trump announced he's making a definitive call on Iran.
🗣 #COIN JPMorgan's CEO, Jamie Dimon, voiced his frustration with the Crypto Clarity Act, claiming that Coinbase's CEO, Brian Armstrong, is "full of crap."