Arthur Hayes: My $100,000 Against Yours That SOL Will Not Outperform The Hottest Coin In The Market – Hyp

Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto

The wager carries extra weight given the history between the two. Samani called Hyperliquid “everything wrong with crypto” in February, criticizing its closed-source architecture and accusing the protocol of facilitating illicit activity. 

Despite those public criticisms, on-chain analysts later found wallets linked to Multicoin Capital had purchased over $40 million worth of HYPE.

Hayes has held a $150 price target on HYPE since March, predicting it reaches that level by August 2026 if annualized protocol revenue returns to $1.4 billion. 

He expects the market to rerate the token from roughly 12 times earnings…

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Bitcoin Plunges Below $68,000, ETH, XRP Lose Over 2%: What Is Going On With Crypto?

ETF Flow Reversal – Biggest Weakness

In its June 2026 Market Update, Wintermute research noted that market weakness comes as spot Bitcoin and Ethereum ETFs recorded roughly $2 billion in combined outflows over 10 days, marking the longest redemption streak since launch.

Strategy (NASDAQ:MSTR) selling also added to bearish sentiment, while XRP products continued attracting inflows.

The ETF flow reversal has become one of the market’s biggest pressure points.

The institutional bid that helped drive Bitcoin from $70,000 to $80,000 earlier this year has weakened materially, leaving spot markets heavy without a strong new buyer base.

However, Nasdaq continued rallying on AI momentum and small…

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LATEST: Ramaswamy’s Strive Acquires 2,500 Bitcoin in Major Treasury Move

Strive, a public company (NASDAQ: ASST), has acquired an additional 2,500 Bitcoin. The purchase totaled approximately $185.2 million at an average price of $74,092 per Bitcoin between May 23 and June 1, 2026. This brings the company’s total Bitcoin holdings to exactly 19,000 BTC.

The acquisition was funded primarily through Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA). The company issued new SATA shares raising about $175.41 million, covering roughly 95% of the cost, with the remainder from Class A common stock sales. This marks another step in Strive’s strategy as a Bitcoin treasury-focused asset management firm.

The move was disclosed in an SEC 8-K filing and announced publicly. It positions Strive among the notable public companies holding significant Bitcoin reserves. The purchase occurred amid fluctuating Bitcoin prices during that week.

Bitcoin Price Crashes To $67,000 Range, Down 13% In A Week

Bitcoin price has fallen below $68,000 on Tuesday, its lowest level since early April, battered by a multitude of forces. Some of them include Strategy’s first Bitcoin sale in three and a half years, a record ETF outflow streak, and fresh on-chain movement from the long-dormant Mt. Gox estate.

The catalyst that some think rattled markets was a disclosure from Strategy filed with the SEC on Monday. The company sold 32 Bitcoin between May 26 and May 31, fetching an average bitcoin price of $77,135 per coin for total proceeds of roughly $2.5 million. 

The sale is intended to fund distributions on STRC, Strategy’s perpetual preferred stock carrying an 11.5% annual variable dividend.

…

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Mt. Gox Moves 10,422 Bitcoin While Bitcoin Price Craters Below $69,000

Mt. Gox has moved 10,422 bitcoin worth about $739 million, marking its largest transfer in months as the deadline for creditor repayments approaches in October 2026.

Blockchain data from Arkham Intelligence shows the transfer took place in Bitcoin block 952,072 at 04:47 UTC on June 2. Of the total, 10,306 BTC was sent to a new address with no prior transaction history, while 116 BTC was routed to a known Mt. Gox hot wallet. 

A later transaction moved another 116 BTC to a separate address, along with a small test transfer to a Bitstamp cold wallet.

The structure of the transfer mirrors earlier movements tied to administrative preparation for creditor payouts. In past cases, similar…

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XRP Down 2.5% As ETFs Lose Another $4 Million: What Is Going On?

XRP ETFs Stay Green While Bitcoin Bleeds Billions

Spot ETFs have posted consistent daily inflows throughout May despite price weakness, with cumulative inflows now at $1.43 billion and net assets holding at $1.11 billion. 

The steady green bars contrast sharply with four consecutive weeks of Bitcoin ETF outflows totaling over $4 billion. 

Institutional conviction in XRP remains intact even as the token tests critical chart support.

Ripple Expands RLUSD Into Turkey Through Three New Partners

Separately, Ripple announced Tuesday that its USD-backed stablecoin RLUSD is now available in Turkey through partnerships with BiLira, Bitexen, and Bitlo. 

Turkey processes nearly $200 billion in annual…

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Strive Buys $185M In Bitcoin, Holdings Hit 19,000 BTC

Strive, Inc. moved on weakness in bitcoin’s price, acquiring 2,500 BTC for roughly $185.2 million at an average of $74,092 per coin. The purchase, disclosed via an SEC Form 8-K filing on June 2, lifts the Dallas-based treasury company’s total bitcoin holdings to 19,000 BTC — planting it among the top ten publicly traded corporate holders of the asset.

Strive launched in 2022 as an anti-ESG asset manager, founded by entrepreneur Vivek Ramaswamy with a focus on shareholder-first capital allocation. In September 2025, shareholders of Asset Entities Inc. approved a merger with Strive Enterprises to form a combined, publicly listed entity under the ASST ticker. 

The transaction gave…

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Tom Lee Says Bitcoin, Ethereum Thesis Is ‘Absolutely Not Broken,’ Sees $2 Million BTC

Lee On BTC and ETH

Speaking on CNBC, Lee pushed back against claims crypto’s thesis is broken after recent weakness relative to AI and software stocks.

The comments came after questions about investor frustration and reports of crypto holders “rage quitting” positions.

“If someone asks me is the thesis for Bitcoin or Ethereum broken? It’s absolutely not,” Lee said.

Lee argued crypto infrastructure becomes increasingly important as AI agents automate commerce, tokenization expands, decentralized identity systems grow and Wall Street moves toward blockchain settlement systems.

He also sees Bitcoin and Ethereum benefiting from network effects tied to wallet growth and blockchain activity.

BTC To… Read more on Benzinga

CME Group Goes Live With 24/7 Crypto Futures And Options, Launches Bitcoin Volatility Contracts

CME Group, the world’s largest derivatives marketplace, has launched 24/7 trading for cryptocurrency futures and options, marking a structural shift in how regulated derivatives markets align with the nonstop nature of digital assets.

Trading went live at 4:00 p.m. Central Time on Friday, May 29, on the exchange’s CME Globex platform. Over the inaugural weekend, more than 7,200 crypto futures and options contracts changed hands, generating roughly $50 million in notional value — a figure CME said reflected demand from both retail and institutional participants, the CME Group release said. 

The move closes a gap that had long frustrated crypto traders. Under the previous…

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Coinbase Exec Sees Path To Crypto’s ‘Dodd-Frank Moment’ As CLARITY Act Heads For Senate Floor

The fate of America’s current crypto market may hinge on a Senate vote expected this month, and few people are watching it closer than Coinbase Chief Policy Officer Faryar Shirzad.

In an interview on Fox Business’ Mornings with Maria earlier today, Shirzad made the case that the Digital Asset Market Clarity Act — known as the CLARITY Act — represents the most significant financial regulatory legislation since Dodd-Frank, and that passage is within reach.

“This will be the biggest financial regulatory bill that Congress has done in quite some time, certainly since Dodd-Frank,” Shirzad said. “What this does is it creates clarity for the crypto sector.”

The…

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