Burn Rate Spikes

Shibburn data shows over the past 24 hours the ecosystem reported a spike of 1,034.8% in its burn rate as one single transaction involved the burning of 25.04 million SHIB.

Over the last 30 days, Shibarium removed 198.2 million SHIB although unable to create a supply scarcity bullish impact on its price.

Bullish Setup, But Don’t Get Carried Away

Trader Javon Marks said Shiba Inu appears to be breaking out of a falling wedge pattern, a setup often viewed as bullish.

The analyst noted SHIB previously rallied nearly 6x after a similar breakout and believes a stronger move could follow this time if broader altcoin momentum continues building.

Onchain research and narrative trader…

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Key features of the Bitwise Hyperliquid ETF (BHYP):

Spot exposure to Hyperliquid’s HYPE token

First U.S. Hyperliquid ETF with in-house staking integration

Sponsor fee of 0.34%

Fee waived to 0% for the first month on the fund’s first $500 million in assets

Managed staking through Bitwise Onchain Solutions

Hyperliquid, a Layer 1 blockchain focused on decentralized derivatives trading, has rapidly emerged as one of crypto’s fastest-growing ecosystems. According to Bitwise, the network processed $2.9 trillion in trading volume in 2025, up more than 400% year over year, while capturing roughly 60% of global on-chain derivatives open interest.

The platform, best known for its…

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Cardano (CRYPTO: ADA) whales now control 67% of supply, the highest concentration since July 2020, after accumulating through a 71% crash over nine months.

Whales Stack 25 Billion ADA

Wallets holding at least one million ADA now control 25.09 billion tokens, representing 67.47% of circulating supply. 

The accumulation trend has run uninterrupted since December 2023, with large holders buying on price weakness.

The token has shed 71% of its market cap over the past nine months, suggesting the largest holders have been stacking coins while retail capitulated.

DeFi Activity Collapses 80%

Cardano’s DeFi footprint has gone in the opposite direction. Total value locked sits at $137 million, down…

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Why Bulls Are Watching BTC Closely

In a May 14 podcast, trader Cryptoinsightuk tied his bullish thesis to a combination of macro catalysts, including ongoing crypto regulation efforts, improving U.S.-China relations and shifting Federal Reserve leadership expectations.

He added that Bitcoin remains trapped in a critical decision zone between roughly $84,000 and $94,000. Negative BTC funding rates, low search trends point to bearishly positioned traders and weak retail interest despite the recent price rebound.

A confirmed breakout above that range could trigger aggressive short liquidations and force sidelined traders back into the market, potentially accelerating upside momentum rapidly.

Benzinga

Bitcoin (CRYPTO: BTC) got rejected by the 200-day moving average at $82,400 on Thursday, mirroring the exact pattern from the 2022 bear market when a similar bounce failed at the same technical level.

Same Rejection Pattern As 2022 Bear Market

CryptoQuant Head of Research Julio Moreno pointed out that Bitcoin rallied 37% from $60,000 in February to $82,000 before hitting resistance at the 200-day MA. 

In 2022, Bitcoin posted a 43% rally between March and May before rejecting at the identical technical level.

“We have had a really good rally since the lows of February, but still what I’m telling here is that it’s a bear market rally,” Moreno stated. “We actually hit that resistance…

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Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao recounted on Thursday a moment from a recent interview, in which the host surprised him with a moving gesture.

The ‘Lamborghini’ Surprise

CZ appeared on Patrick Bet-David’s podcast earlier this week, where they discussed a wide range of topics, including Bitcoin (CRYPTO: BTC), artificial intelligence, and the rise of Binance.

Recalling the podcast, CZ mentioned never sitting in a Lamborghini before. But to his surprise, Bet-David had one waiting in the driveway for him to experience as he left.

“I sat in it for a bit,” CZ said, adding a laughing emoji.

‘I Don’t Have Crazy Obsessions’

The conversation revolved around CZ’s…

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Mow’s Calculation

Mow pointed to Saylor’s personal stash of 17,732 BTC, based on his last public disclosure, and a 9.9% ownership of Strategy’s shares, as reflected in SEC filings.

As of this writing, Strategy holds 818,869 BTC in its reserves. Mow put Saylor’s indirect exposure at 9.9% of the total holdings, translating to 81,068 BTC. Including Saylor’s personal stash, his total effective exposure equaled 98,800 BTC.

Mow’s math showed a 1:1 valuation requires roughly $8.6 million per BTC to push Saylor’s wealth past Musk’s current wealth, estimated by Forbes at $826 billion. Saylor’s wealth was estimated at $5.4 billion.

However, he noted that if MSTR traded at a premium to its…

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