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SpaceX's $1.45B Bitcoin Bet, ETF Outflows & Hyperliquid's 18% Surge
Audio is available on Spreaker — see link below.
Bitcoin ETF outflows hit $70M over four days but on-chain data tells a different story — long-term holder supply just hit its highest level since January 2024. Plus SpaceX reveals an 18,700 BTC treasury position, HYPE surges 18%, and a Monero DEX exploit drains $2.7M.
Audio is available on Spreaker — see link below.
Four straight days of net redemptions from US spot Bitcoin ETFs, and the headline writers are already using the word capitulation. They're wrong.
The corporate adoption story moved forward in a significant way. SpaceX disclosed in a Q1 twenty twenty-six filing that it holds approximately eighteen thousand seven hundred Bitcoin, worth around one point four five billion dollars.
On the regulatory front, the SEC has formally extended its review period for a new class of prediction-market ETF products. Bitwise PredictionShares, Roundhill, and GraniteShares are all now in an indefinite holding pattern pending public comment.
Away from Bitcoin, Hyperliquid's HYPE token surged eighteen percent, clearing fifty-six dollars on the back of institutional interest in real-world asset markets and synthetic trading. A Bitwise ETF launch and reported Grayscale accumulation added to the momentum.
That privacy sector enthusiasm comes with a sharp counterpoint. RetoSwap, a Monero-based decentralised exchange, halted operations after an exploit drained approximately seven thousand XMR, worth around two point seven million dollars.
One data point worth keeping close. Bitcoin's implied volatility index sits at suppressed levels despite rising Treasury yields and broader macro stress.
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