🇺🇸🗣 #ETH #BTC Ethereum Co-Founder Joseph Lubin: Blockchain Tech Is Key to Solving the US Debt Crisis
On May 7, 2026, Ethereum co-founder Joseph Lubin discussed on the When Shift Happens podcast how moving off the gold standard has led to a cycle among corporations, lobbyists, and legislators. This situation enables governments to print money indefinitely and accumulate significant debt, which current political systems struggle to control.
He emphasized that Satoshi's white paper demonstrated how decentralized trust could address these issues. Lubin believes that Bitcoin is antifragile and serves as a new trust foundation that inspired the development of DeFi.
On May 7, 2026, Ethereum co-founder Joseph Lubin discussed on the When Shift Happens podcast how moving off the gold standard has led to a cycle among corporations, lobbyists, and legislators. This situation enables governments to print money indefinitely and accumulate significant debt, which current political systems struggle to control.
He emphasized that Satoshi's white paper demonstrated how decentralized trust could address these issues. Lubin believes that Bitcoin is antifragile and serves as a new trust foundation that inspired the development of DeFi.
🇺🇸🕵️ America's Second-Largest Bank Raises IBIT Stake, Cuts Ether and Solana ETF Exposure
America's second-largest bank, Bank of America (BofA), disclosed nearly $53 million in crypto ETF exposure in its latest Q1 13F filing.
BofA significantly increased its BlackRock Bitcoin ETF (IBIT) holdings to about $37 million in Q1, while trimming its Ethereum and Solana ETF positions. It also held smaller allocations in other Bitcoin ETFs, including BITB, FBTC, and Grayscale products. #etf
America's second-largest bank, Bank of America (BofA), disclosed nearly $53 million in crypto ETF exposure in its latest Q1 13F filing.
BofA significantly increased its BlackRock Bitcoin ETF (IBIT) holdings to about $37 million in Q1, while trimming its Ethereum and Solana ETF positions. It also held smaller allocations in other Bitcoin ETFs, including BITB, FBTC, and Grayscale products. #etf
🇪🇺📊 Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions.
Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #regulation
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions.
Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #regulation
🗽 Grayscale Files Third Amendment for Proposed HYPE ETF
Bloomberg ETF analyst James Seyffart reported that Grayscale has submitted its third S-1 amendment with the SEC for the proposed Hyperliquid (HYPE) ETF. If approved, the ETF will trade under the ticker GHYP. Seyffart noted that the frequent filing updates indicate issuers are nearing launch, and U.S. exchanges may eventually host three competing HYPE ETFs. #regulation
Bloomberg ETF analyst James Seyffart reported that Grayscale has submitted its third S-1 amendment with the SEC for the proposed Hyperliquid (HYPE) ETF. If approved, the ETF will trade under the ticker GHYP. Seyffart noted that the frequent filing updates indicate issuers are nearing launch, and U.S. exchanges may eventually host three competing HYPE ETFs. #regulation
📊 #BTC The SEC has approved the listing of BTC index options on Nasdaq. #regulation
🇺🇸📊 According to SoSoValue data, on May 22 (ET), U.S. spot Bitcoin ETFs recorded a total net outflow of $105 million, marking the sixth consecutive day of outflows.
Spot Ethereum ETFs saw a total net outflow of $6.67 million, extending their outflow streak to 10 days.
Spot Ethereum ETFs saw a total net outflow of $6.67 million, extending their outflow streak to 10 days.
🥷 ECB Pushes Back on Looser Euro Stablecoin Rules, Citing Banking Risks
According to Reuters, the European Central Bank opposed proposals to ease rules for euro stablecoins, citing concerns that broader issuance could reduce bank lending and complicate interest-rate control.
Central bankers, including ECB President Christine Lagarde, expressed worries that stablecoins might drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization." #stablecoin
According to Reuters, the European Central Bank opposed proposals to ease rules for euro stablecoins, citing concerns that broader issuance could reduce bank lending and complicate interest-rate control.
Central bankers, including ECB President Christine Lagarde, expressed worries that stablecoins might drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization." #stablecoin
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💸 $400,000,000 worth of longs liquidated from the crypto market in the past 10 minutes.
🕵️ As the market drops, another Ethereum OG who made $34.2M (376x return) is buying the dip on $ETH.
Ten years ago, this OG received 12,001 $ETH from ShapeShift at just $7.58 each.
Over a year ago, he sold them for 34.3M $USDC at $2,856, making $34.2M in profit - a 376x return.
Today, after $ETH fell, he started buying again.
So far, he has bought 3,942 $ETH ($8.08M) at $2,049, and he may continue buying.
Ten years ago, this OG received 12,001 $ETH from ShapeShift at just $7.58 each.
Over a year ago, he sold them for 34.3M $USDC at $2,856, making $34.2M in profit - a 376x return.
Today, after $ETH fell, he started buying again.
So far, he has bought 3,942 $ETH ($8.08M) at $2,049, and he may continue buying.
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🇺🇸🚀 Geopolitics:
- WSJ: Donald Trump convened a national security group meeting and did not make an official decision on launching a new military strike on Iran, stating that he is willing to give "more time" for diplomatic negotiations.
- US Secretary of State: Some progress has been made in negotiations with Iran, and news about Iran may be announced in the coming days.
- Saudi media Alhadath: Iran is proposing to open the Strait of Hormuz in exchange for compensation from the US. Iran demands discussions on sanctions and freezing of assets before signing any agreement. #tradewars
- WSJ: Donald Trump convened a national security group meeting and did not make an official decision on launching a new military strike on Iran, stating that he is willing to give "more time" for diplomatic negotiations.
- US Secretary of State: Some progress has been made in negotiations with Iran, and news about Iran may be announced in the coming days.
- Saudi media Alhadath: Iran is proposing to open the Strait of Hormuz in exchange for compensation from the US. Iran demands discussions on sanctions and freezing of assets before signing any agreement. #tradewars