For now, Phoenix's OI & volume is almost non-existent. Solana c-suite elites are shilling it hard and Phoenix team is also pretty talented (i think they had built a serum competitor back in the day), but they need to get some MMs up on this perp DEX.
people making fun of $HYPE not being able to cross $50 on CT are about to delete their tweets soon imo
▶️Crypto News & Updates
🔷Coinbase became Hyperliquid's official USDC treasury deployer as an aligned quote asset (AQA)
• Native Markets, the operator of Hyperliquid's USDH, agreed to grant Coinbase the right to purchase USDH brand assets as the stablecoin begins a gradual sunset process.
🔷Bitcoin Depot announced Monday that it has filed for Chapter 11 bankruptcy protection in the Southern District of Texas as the Nasdaq-listed crypto ATM operator moves to wind down its business.
🔷Iranian media reported the launch of Hormuz Safe, a bitcoin-settled marine insurance platform for cargo shipments moving through the Strait of Hormuz and Persian Gulf.
🔷Michael Saylor’s Strategy bought another 24,869 BTC for approximately $2 billion, pushing its total holdings to 843,738 BTC ($65 billion) — the equivalent of more than 4% of bitcoin's 21 million supply cap. (Posting late here)
🔷Tom Lee’s Bitmine acquired another 71,672 ETH, expanding its total Ethereum treasury to 5.28 million ETH ($11 billion). (Also posting late)
🔷The wife of Sebastien Borget, co-founder and COO of Ethereum-based metaverse platform The Sandbox, was reportedly targeted in a kidnapping attempt at the family's home in Villenoy, France, after suspects posing as delivery workers allegedly tried to force her into a vehicle.
🔷Blast Layer 2-based Fantasy.top is winding down after more than two years of operations and months spent exploring alternative options.
🔷On May 22, 2026, Polymarket lost approximately $573K after a 6-year-old private key was compromised. The attacker drained funds from an internal top-up/rewards wallet on Polygon, not user funds or trading contracts.
🔷Ethereum Layer 2 Zero Network said it will shut down after one and a half years as its parent company, Zerion, redirects resources toward its API and wallet business.
🔷Vitalik Buterin says Ethereum Foundation will be a 'smaller ship,' sell less ETH amid researcher exodus.
🔷The UK sanctioned crypto exchange HTX, formerly known as Huobi, accusing the platform of supporting the Russian government through financial services linked to sanctions evasion.
🔷Vivek Ramaswamy-founded Strive bought another 1,109 BTC for roughly $85.4 million, pushing its total holdings to 16,500 BTC and making it the seventh-largest public corporate bitcoin holder.
🔷Hyperliquid rolled out validator-governed prediction markets tied to real-world events as part of its HIP-4 upgrade.
Some headlines are likely not covered. Will cover in next post.
🔷Coinbase became Hyperliquid's official USDC treasury deployer as an aligned quote asset (AQA)
• Native Markets, the operator of Hyperliquid's USDH, agreed to grant Coinbase the right to purchase USDH brand assets as the stablecoin begins a gradual sunset process.
🔷Bitcoin Depot announced Monday that it has filed for Chapter 11 bankruptcy protection in the Southern District of Texas as the Nasdaq-listed crypto ATM operator moves to wind down its business.
🔷Iranian media reported the launch of Hormuz Safe, a bitcoin-settled marine insurance platform for cargo shipments moving through the Strait of Hormuz and Persian Gulf.
🔷Michael Saylor’s Strategy bought another 24,869 BTC for approximately $2 billion, pushing its total holdings to 843,738 BTC ($65 billion) — the equivalent of more than 4% of bitcoin's 21 million supply cap. (Posting late here)
🔷Tom Lee’s Bitmine acquired another 71,672 ETH, expanding its total Ethereum treasury to 5.28 million ETH ($11 billion). (Also posting late)
🔷The wife of Sebastien Borget, co-founder and COO of Ethereum-based metaverse platform The Sandbox, was reportedly targeted in a kidnapping attempt at the family's home in Villenoy, France, after suspects posing as delivery workers allegedly tried to force her into a vehicle.
🔷Blast Layer 2-based Fantasy.top is winding down after more than two years of operations and months spent exploring alternative options.
🔷On May 22, 2026, Polymarket lost approximately $573K after a 6-year-old private key was compromised. The attacker drained funds from an internal top-up/rewards wallet on Polygon, not user funds or trading contracts.
🔷Ethereum Layer 2 Zero Network said it will shut down after one and a half years as its parent company, Zerion, redirects resources toward its API and wallet business.
🔷Vitalik Buterin says Ethereum Foundation will be a 'smaller ship,' sell less ETH amid researcher exodus.
🔷The UK sanctioned crypto exchange HTX, formerly known as Huobi, accusing the platform of supporting the Russian government through financial services linked to sanctions evasion.
🔷Vivek Ramaswamy-founded Strive bought another 1,109 BTC for roughly $85.4 million, pushing its total holdings to 16,500 BTC and making it the seventh-largest public corporate bitcoin holder.
🔷Hyperliquid rolled out validator-governed prediction markets tied to real-world events as part of its HIP-4 upgrade.
Some headlines are likely not covered. Will cover in next post.
Posted on substack after quite some time
https://open.substack.com/pub/kalpeshem/p/market-thoughts-and-opinions-08b
https://open.substack.com/pub/kalpeshem/p/market-thoughts-and-opinions-08b
As someone who has been in the space for nearly a decade, I'm not sure Bitcoin recovers this time.
I had huge conviction in it all those years ago, but now it feels like Saylor and Trump have poisoned the well.
You're certainly not early anymore, and I'm not saying it'll never go up again, just that there are better opportunities out there in general.
I am pivoting to trading commodity futures full time and posting memes.
I had huge conviction in it all those years ago, but now it feels like Saylor and Trump have poisoned the well.
You're certainly not early anymore, and I'm not saying it'll never go up again, just that there are better opportunities out there in general.
I am pivoting to trading commodity futures full time and posting memes.
👍4
HYPE doesn't look to me like it has cycle-topped
But a correction/consolidation has been looking due ever since it crossed $60 in last few days
But a correction/consolidation has been looking due ever since it crossed $60 in last few days