News linked to this event type.
According to Hyperinsight monitoring, HYPE surpassed its peak from last year on May 21, reaching an all-time high (approximately $61). In the following days, although HYPE continued to set new all-time highs (approximately $64), net inflows across the cross-chain bridge dropped sharply and turned into net outflows. In the most recent UTC trading day, total outflows across the Hyperliquid cross-chain bridge surged to $149 million, with a single-day net outflow of $91 million.
According to Hyperinsight monitoring data, the Hyperliquid ETF recorded a single-day net inflow of $20.4 million, with BHYP accounting for $19 million and THYP for $1.4 million. Since its launch, this ETF category has achieved net inflows for 15 consecutive days, totaling $101 million. Institutional allocation demand continues to intensify, potentially driving Hyperliquid’s TVL to a new six-month high. It is reported that 21Shares launched THYP on May 12 (UTC), making it the first to enter the market, while Bitwise launched BHYP on the evening of May 15 (UTC). Following the sequential listing of these two ETFs, overall trading activity in the sector has continued to heat up. Notably, BHYP’s current daily trading volume has expanded approximately 13.6-fold from its debut-day volume of $1.3 million.
Odaily An unknown trader sold approximately $1.3 billion worth of BlackRock’s spot Bitcoin ETF (IBIT) on a dark pool on Tuesday, sparking market attention.Data shows the trader sold 29.2 million shares of IBIT at $43.16 per share around 14:30 UTC. Consequently, Bitcoin’s price dropped from $77,875 to $76,720 within 10 minutes, a decline of about 1.5%, before further dipping to around $75,600.Alex Thorn, Head of Research at Galaxy Digital, stated this is the largest IBIT dark pool trade he has ever seen. Bloomberg ETF analyst Eric Balchunas noted that the trade size was 22 times larger than the second-largest IBIT sell order of the day.Additionally, U.S. spot Bitcoin ETFs have experienced net outflows for eight consecutive trading days. On Tuesday alone, net outflows totaled approximately $333.6 million, with IBIT seeing outflows of about $192.4 million. Since May 14, cumulative net outflows from Bitcoin ETFs have exceeded $2 billion. Reports indicate that Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter, while Goldman Sachs also trimmed its positions by approximately 10%. (Cointelegraph)
Kairos Research posted on X platform, stating that the HYPE spot ETF has absorbed 1.04% of the HYPE circulating market cap within its first 10 trading days, marking the strongest debut among all spot crypto ETFs to date. A comparative analysis of the same period shows that among the cohort of new issuers (excluding net outflows from legacy trust products like GBTC and ETHE), BTC spot ETFs accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.
According to on-chain analytics platform Lookonchain (@lookonchain), 46 days ago, a newly created wallet purchased HYPE for $5 million in USDC. Eight hours ago, the wallet sold all its HYPE holdings for $7.51 million, realizing a total profit of $2.51 million over the 46-day period.
Odaily Odaily reports: In response to Bankless founder David Hoffman's liquidation of his ETH holdings, Uniswap founder Hayden Adams posted a reply on platform X, stating that “ETH is Money” is the correct narrative, though perhaps misunderstood by most.Hayden Adams indicated that in the future, all assets will be tokenized, people will hold the assets they value most, and the most decentralized monetary system will manifest as “an infinite number of forms of money competing with each other.”He believes that with a low-cost, high-efficiency, 24/7 asset exchange system in place, a single unit of account is not necessary. At the same time, he stated that Uniswap, built on Ethereum, is “the best decentralized monetary system,” and that it is still in its early stages.Recommended reading: Bankless Co-founder's Confession on Liquidating ETH: Ethereum Did the Right Things, but “ETH is Money” Has No Future.
According to on-chain analytics platform Lookonchain (@lookonchain), a trader has taken a long position on Micron ($MU) on Hyperliquid, with unrealized profits currently reaching $8.2 million. Notably, the trader has placed take-profit orders for $MU at $2,800 and $2,900. If $MU reaches either of these target prices, the trader’s cumulative profit will exceed $50 million.
According to the official announcement, Binance will suspend token deposits and withdrawals on the Base network starting at 01:00 on May 29, 2026, to support its network upgrade and hard fork. Token trading on the Base network will remain unaffected. The project team plans to carry out the network upgrade and hard fork at 02:00 on May 29, 2026.
According to on-chain analyst Onchain Lens (@OnchainLens), Bitmine has staked another 5,760 ETH, valued at $11.9 million. Its total staked ETH now stands at 4,718,677, valued at $9.76 billion.
According to Hyperinsight monitoring, early this morning, the short position address on Hyperliquid—dubbed the “$13M Whale”—suffered yet another liquidation after two consecutive forced liquidations, bringing its total liquidated amount to 96.39 BTC (valued at approximately $7.3 million). This whale has been the largest liquidation address on Hyperliquid for three consecutive days, with a cumulative liquidation value of $30.46 million. Details are as follows:
According to on-chain analyst Ai Aunt (@ai9684xtpa), the address 0x900…E5B63 deposited 1 million USDC to Hyperliquid 10 hours ago and subsequently opened a long position of 10,217.71 SPCX tokens at 1x leverage; the position’s notional value is approximately $2.072 million. Currently, this account is the only long-position holder among the top five largest SPCX positions on Hyperliquid.
Bankless founder David Hoffman posted on X to explain his reasons for liquidating all his ETH holdings.Hoffman wrote: "I am still extremely bullish on the Ethereum network and the entire ecosystem -- Ethereum's architecture is fundamentally designed to maximize the success probability of its applications, L2s, and ecosystem. The 'fat-app' theory implies that applications on Ethereum can capture the vast majority of fee revenue; while the 'rollup-centric' roadmap means that L2s can achieve profit margins as high as 97%. However, for the asset ETH itself, I find it increasingly difficult to see it being structurally rerated by the market -- either upwards or downwards. So, I am selling ETH not because I am bearish on ETH, but because I believe the narrative 'ETH is Money' has essentially played out. I want to allocate my capital to other opportunities I see in the market."
According to The Block, multi-asset trading platform Liquid launched its Co-Invest application on Tuesday, enabling users to directly top up their accounts, conduct market analysis, and execute live trades within the ChatGPT and Claude chat interfaces—without leaving the AI assistant.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the whale address 0x54d…e6029 purchased 2,400.38 ETH—worth $5 million—at an average price of approximately $2,083 per ETH, 9 hours ago. Four minutes after the transaction, it placed a limit order on Cowswap to sell at $2,132. If executed, this order is expected to yield a profit of $117,000.
according to Onchain Lens monitoring, a whale sold 123,100 HYPE at a price of $61, exchanging it for 7.5 million USDC, making a profit of $2.5 million after holding for over 1.5 months. The whale purchased this batch of HYPE when it was worth $5 million.
Odaily reports, according to data monitored by on-chain analyst EmberCN (@EmberCN), a whale has been repeatedly going long on Micron Technology (MU) on Hyperliquid since March this year. The whale has grown their initial principal of 4.33 million USDC to approximately $13 million.Data shows that after transferring 4.33 million USDC to Hyperliquid in March, the address began going long on MU and has been continuously adding to the position using unrealized profits. The total MU long position now stands at approximately $21 million, with corresponding unrealized profits of around $8.25 million.
according to Lookonchain monitoring, address 0x3527 has just bought another 40,000 HYPE, valued at approximately $2.38 million.Data shows that this address has accumulated a total of 132,758 HYPE over the past three days, worth approximately $7.96 million.Additionally, a newly created wallet address, 0xBCd5, withdrew 501,250 HYPE from Coinbase Prime 7 hours ago, valued at approximately $30.93 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 501,250 HYPE tokens from Coinbase, valued at approximately $30.93 million.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale “Evaded” has closed its long positions in ZEC and BTC, incurring a loss of $4.83 million. Subsequently, it opened a new short position of 940 BTC with 30x leverage, valued at approximately $71 million. Its total loss has now exceeded $3.69 million.
Investment bank TD Cowen stated that as the relevant political environment continues to deteriorate, the likelihood of the US crypto market structure bill, the "Clarity Act," passing this year is declining.TD Cowen analyst Jaret Seiberg pointed out that while the Senate Banking Committee advanced the bill earlier this month, this does not signify a substantive bipartisan agreement; rather, it merely pushes the controversy to the full Senate floor.The report indicated that the escalating controversies surrounding US President Donald Trump and his administration related to crypto in recent days are making it harder for Democrats to support the bill. If the bill does not include clear conflict-of-interest provisions, it will face even greater difficulty in gaining sufficient support in the current political environment.