Bitcoin, Ethereum, XRP In The Red, But One Altcoin Has Surged 15% In 24 Hours

Hyperliquid (CRYPTO: HYPE) surged 15% in the last 24 hours while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) traded flat.

Hyperliquid ETFs Pull 2.5X More Buying Pressure Than Buybacks

The first two Hyperliquid spot ETFs attracted market cap-adjusted inflows exceeding Bitcoin on three of the first six trading days and outpaced Ethereum on five out of six days, according to analyst Aletheia.

On the sixth trading day, Hyperliquid ETFs saw significantly higher inflows than any crypto peer. 

The ETFs bought 2.5 times the amount of HYPE that the Assistance Fund bought and burned during the same period, adding fuel to already …

Full story available on Benzinga.com

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5 Reasons Corporations Should Sell Bitcoin

Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.”

The reality is that bitcoin sales were always on the table for any bitcoin treasury company. The quip of “never sell” is an articulation of a long-term investment philosophy founded upon the extreme low time preference that is common in bitcoin discourse. But even within this discourse, there are frequently cases where almost everyone agrees it makes sense to sell,…

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SpaceX Heads Into Historic IPO With $1.45B Bitcoin Treasury

SpaceX filed its long-awaited S-1 with the Securities and Exchange Commission Wednesday — and it is bringing a substantial Bitcoin position into the public markets.

The Elon Musk-led aerospace company holds 18,712 BTC, valued at approximately $1.45 billion, according to the S-1. The coins were purchased at a cost basis of $661 million, or roughly $35,000 per coin — a price Bitcoin last touched in late 2023. 

That stake makes SpaceX the seventh-largest known corporate Bitcoin holder in the world, ahead of Coinbase.

SpaceX is targeting a Nasdaq listing under the ticker SPCX . The company has been valued in private markets at $1.75 trillion, a figure that would place it above Tesla…

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Foundation Raises $6.4M In Fulgur-led Round To Launch Passport Prime, A ‘Human Authority’ Device To Keep AI Agents In Check

Foundation has raised $6.4 million in a funding round led by Fulgur Ventures as it launches Passport Prime, a new hardware device designed to secure digital actions in an era of AI-driven automation.

The Boston-based company said the round included participation from Arche Capital and brings its total funding to $16.5 million, according to a note shared with Bitcoin Magazine. 

The capital will support expansion beyond Bitcoin self-custody into identity management, multi-factor authentication, and authorization systems for AI agents.

Passport Prime, which began shipping to pre-order customers in March 2026, is now available for general purchase. Foundation describes the product as the…

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LATEST: Senator McCormick Predicts Crypto CLARITY Act Will Be Signed Into Law This Summer

Senator Dave McCormick (R-PA) recently stated live on Fox Business that the Digital Asset Market CLARITY Act is on a path to being signed into law this summer.

The Senate Banking Committee advanced the bill on May 14, 2026, in a bipartisan 15-9 vote. It provides a regulatory framework splitting oversight between the CFTC for digital commodities and the SEC for securities-like tokens, including consumer protections and stablecoin provisions.

The legislation, which passed the House previously, now heads toward a full Senate vote, potential reconciliation, and the President’s desk. McCormick highlighted its importance for U.S. innovation and keeping the industry domestic.

LATEST: Morgan Stanley Submits Amended S-1 Registration for Spot Solana ETF Ticker MSOL

Morgan Stanley has submitted an amended S-1 filing for its proposed spot Solana ETF, known as the Morgan Stanley Solana Trust. The filing proposes the ticker symbol MSOL for trading on NYSE Arca.

The updated registration includes plans for the fund to directly hold Solana (SOL) and stake a portion of its assets through third-party providers to generate on-chain rewards. Staking income would be reflected in the fund’s net asset value, with no management fee disclosed yet in the amendment.

This amendment follows Morgan Stanley’s initial filings in early 2026 for crypto products, including Bitcoin and Solana ETFs. The move highlights ongoing institutional interest in Solana products, though SEC approval remains pending.

LATEST: CME Group Declares CLARITY Act Will Make Bitcoin Permanent in Global Financial System

CME Group, the world’s largest futures exchange, recently discussed the Digital Asset Market Clarity Act (CLARITY Act) in market analysis, noting its potential to provide regulatory clarity by classifying Bitcoin as a digital commodity under CFTC oversight.

The bill advanced through the Senate Banking Committee in mid-May 2026 with bipartisan support. CME analysts described it as helping confirm Bitcoin as a “durable fixture in the financial landscape,” building on its existing futures products since 2017.

The CLARITY Act aims to delineate SEC and CFTC jurisdictions over digital assets, fostering clearer rules for markets like Bitcoin without it being law yet

SpaceX Reveals $1 Billion Bitcoin Holdings Ahead Of Historic IPO — Here’s How Much The Elon Musk-Led Comp

SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet.

More Details About BTC’s Reserves

The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion.

The total cost basis of these holdings was reported at $661 million, implying an average acquisition cost of around $35,324 per BTC.

“The Company has ownership of and control over its digital assets, which consist of Bitcoin, and utilizes, and expectsto continue to utilize third-party custodians to hold its…

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Inside The Record-Breaking Space X IPO: Why BlackRock Wants 13% – BlackRock (NYSE:BLK)

SpaceX is expected to raise $75 billion during its IPO as soon as June, making it two and a half times larger than Saudi Aramco’s $30 billion raise—the previous record holder.

BlackRock Wants 13% Of The Deal

BlackRock Inc. (NYSE:BLK) wants over 13% of the entire offering. The IPO is already oversubscribed before going live, with the world’s largest asset manager leading demand.

Pre-IPO markets on Hyperliquid have SpaceX trading at $2.5 trillion. The company generated $6 billion in revenue last year, putting the valuation at 417 times sales.

Ron Baron projects SpaceX could hit $10 trillion to $30 trillion long-term, with Starlink alone worth $14 trillion. 

These numbers have traders…

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Hunter Biden Now Accepts Bitcoin For Artwork On His Official Website

Hunter Biden, the son of former President Joe Biden, is now accepting Bitcoin as payment for his artwork on his official website. 

The homepage of Hunter Biden’s official website, hunterbiden.com, features his signature bright, large-scale floral paintings, while the footer now includes a simple but striking notice: “BITCOIN ACCEPTED,” listed alongside links to the site’s privacy policy, terms of use and “Verisart Authentication.”

Verisart provides blockchain‑based certificates of authenticity designed to permanently record provenance and ownership of artworks, both physical and digital.

Biden’s art career has been politically fraught from the start, with initial shows…

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