Bitwise has submitted a second amendment for its Hyperliquid ETF, confirming the ticker BHYP and setting the management fee at 67 basis points. These finalized details are typically one of the last steps before an ETF receives regulatory approval and moves toward launch. The filing reflects continued development of the product structure and positioning in …
The Commodity Futures Trading Commission (CFTC) has launched an Innovation Task Force (ITF), signaling a major shift in how the United States is approaching crypto regulation. This move suggests the U.S. is finally transitioning from uncertainty to a more structured and proactive regulatory framework. The task force will focus on crypto, blockchain, artificial intelligence (AI), …
Bitwise has taken a major step toward launching a Hyperliquid ETF by confirming the ticker BHYP and a 0.67% fee, signaling the product is likely in its final stages before approval. If launched, the ETF could bring significant institutional capital into Hyperliquid and further boost demand for its native token HYPE. Bitwise Advances Hyperliquid ETF …
Subnet developer Covenant AI announced its exit from Bittensor due to decentralization concerns and alleged punitive actions by the AI-focused network ecosystem co-founder, Jacob Steeves. Related Reading: Solana Price At Risk As Key Pattern Emerges – Is $52 The Next Stop? Covenant AI Slams Bittensor’s Decentralization On Friday, Covenant AI’s founder, Sam Dare, released a statement announcing the subnet developer’s departure from decentralized artificial intelligence network Bittensor, citing governance disputes and decentralization concerns. “We cannot in good conscience continue to build on a network where the foundational claim we make to our investors, that this infrastructure is decentralized and permissionless, is contradicted by the reality of how the network is actually governed,” Dare wrote, calling Bittensor a “decentralized theater.” For context, Covenant AI was one of Bittensor’s most prominent contributors, operating three subnets: Templar (SN3), Basilica (SN39), and Grail (SN81). As reported by NewsBTC, the team’s Covenant-72B model, which was acknowledged by NVIDIA’s CEO and cited by Anthropic’s co-founder, recently triggered a significant rally for TAO’s price. In the statement, Covenant AI’s founder argued that Bittensor’s alleged decentralization problem “runs deeper than any single incident,” affirming that the network actually has “centralized control with decentralized branding.” He claimed that Bittensor’s founder, Jacob Steeves, also known as Const, maintains effective control over the triumvirate structure the network operates on, “resists any meaningful transfer of authority, and deploys changes unilaterally whenever he chooses, without process and without consensus.” In addition, Dare alleged that Steeves took a series of actions against Covenant AI’s operations over the past few weeks, including suspending emissions to its subnets, overriding moderation capabilities over its community channels, publicly deprecating the subnet infrastructure, and applying “direct economic pressure” through strategically timed token sales. Bittensor Founder, Community Push Back Steeves quickly responded to the allegations, denying Dare’s claims in an X post. First, the Bittensor founder addressed the suspending emissions argument, affirming that he doesn’t have that ability but sold some of his alpha holdings on the three subnets, as “they were not running, and were on near 100% burn code.” “This changed the emission in the same way all buys and sells on Bittensor do. I don’t have any privilege beyond what normal TAO holders have,” he stated. Regarding the deprecation and removal of moderation rights, Steeves argued that Dare “specifically deprecated his own channels,” particularly the Discord channel, and repeatedly deleted posts of “genuine, honest criticism.” As a result, he claims to have “removed that ability temporarily and then reinstated it later,” but did not remove his moderator role. “I simply stopped him from deleting posts from others in his channels.” Alex DRocks, a Bittensor community member and participant of the Discord channels, backed some of Steeves’ counterclaims. “I saw the legit post deletions in real-time and also the bittensor discord channels being deprecated by Sam (Covenant owner) too. Everything Const said above checks out,” he wrote in an X thread. “The deleted posts were critiques about sn39 redoing exactly what another compute subnet is doing while they had shilled about innovating and doing better than others. (…) What this proves is that Sam Dare couldn’t handle a simple question without deleting the messages,” DRocks continued. Lastly, Steeves denied making “large visible token sales” to apply economic pressure, affirming that he has sold less than 1% of what he had invested in Covenant AI’s teams. TAO Price Crashes After ‘Calculated Exit’ Amid the controversy, Bittensor saw its token, TAO, crash 25% from the $340 area to a multi-week low of $250 before bouncing toward the $260 level. Analyst Ardi noted that 24 hours before the Covenant AI’s news dropped, TAO’s sell volume hit its highest level since December 2024. Related Reading: Ethereum Reclaims $2,200, But Analyst Says It’s Not Time To Celebrate Yet – Here’s Why “If you think that’s a coincidence, you don’t understand the game you’re playing. This was a calculated exit and execution,” he stated, explaining that larger wallets that knew beforehand “were unloading into the breakout attempt yesterday, using that strength to nuke millions in size well before the headline hit the market.” Meanwhile, retail-sized wallets had to absorb the pressure, competing for an exit at 20% lower. The analyst pointed out that TAO was in an “accumulation continuation phase” following its recent breakout, but warned that “the chart is going to have a difficult time absorbing 18-month high sell volume when it’s right at a key support level.” Featured Image from Unsplash.com, Chart from TradingView.com
Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst.
Technical and onchain indicators hint at a possible trend reversal in XRP price as traders watch to see if a key support level holds.
Ethereum is pushing toward $2,200. The macro environment is uncertain. And top analyst Darkfost has identified a signal in the derivatives market that has not appeared in nearly three years — emerging at precisely the moment the price is testing a level that matters. Related Reading: XRP Supply Is Thinning and Leverage Is Absent. Learn What Happens When One Of Those Changes The signal comes from the ETH Taker Buy Sell Ratio on Binance — a measure of whether buyers or sellers are dominating perpetual contract activity on the exchange that processes more than a third of all ETH open interest globally. After an extended period of seller dominance, the ratio has returned above 1.0, with a monthly average of approximately 1.016, and has held there for several consecutive days. The last time this setup was observed was in 2023. That three-year gap is the detail that elevates the current reading from a routine metric improvement to a structural development. Derivatives markets are where conviction is expressed with leverage — where participants put real capital behind directional views with amplified consequences. When buyer dominance returns to that market after nearly three years of absence, it is not a technical footnote. It is a behavioral shift from the participants who feel the market most acutely. Darkfost’s assessment is measured: this is the early stage of a more constructive trend, not its confirmation. The macro environment has not been resolved. But the derivatives market has started moving in a direction it has not moved in three years — and that timing, against the $2,200 test, is not coincidental. 37% of All Ethereum Derivatives Flow Through Binance Darkfost’s first point of context is the one that gives the current reading its full structural weight. Binance accounts for over 37% of total ETH open interest globally — meaning more than a third of all leveraged ETH positioning in the world sits on a single venue. When the derivatives signal on Binance flips from seller-dominant to buyer-dominant, it is not a reading from a peripheral platform. It is a reading from the venue that processes the largest share of the market’s directional conviction. The mechanism the ratio measures is straightforward and worth stating precisely. The Taker Buy Sell Ratio tracks the relationship between market buy and sell volumes on perpetual contracts. Above 1.0, buyers are dominant — more capital is entering through market buy orders than market sell orders. Below 1.0, sellers control the flow. For nearly three years, the ratio held below 1.0 on Binance. It has now moved above it, with a monthly average of 1.016, and has sustained that level for several consecutive days. What makes the current shift specifically constructive — rather than simply positive — is how it is unfolding. There are no excessive spikes. No sudden, violent imbalances of the kind that typically precede liquidation cascades in derivatives markets. The ratio is climbing gradually, methodically, in a way that reflects genuine behavioral change rather than a temporary flush of short positions. Darkfost names this explicitly: gradual shifts in derivatives markets are structurally healthier than sharp ones. A slow return of buyer dominance builds a more durable foundation than a rapid one. The market is not overheating into the signal. It is growing into it — and that distinction, for Ethereum at $2,200, is the difference between a setup and a trap. Related Reading: Ethereum’s $2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was Ethereum Tests Resistance as Recovery Structure Builds Ethereum is extending its recovery attempt, now pushing toward the $2,200–$2,250 region, a level that is beginning to define short-term resistance. The chart shows a clear shift in behavior following the February capitulation: instead of continued downside, ETH has formed a series of higher lows, indicating that buyers are gradually regaining control. This change is meaningful, but still incomplete. Price is interacting closely with the 50-day moving average (blue), which is flattening after a prolonged decline. That suggests momentum is stabilizing. However, ETH remains below the 100-day (green) and 200-day (red) moving averages, both trending downward, which keeps the broader structure bearish. Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. Learn What Triggered The Rush Volume dynamics support the recovery narrative, but cautiously. The spike during the sell-off marked forced liquidations, while the subsequent lower volume during the rebound suggests a controlled, less speculative move higher. The key level to watch is the $2,200–$2,400 range. A clean break and consolidation above this zone would confirm a shift in market structure and open the path toward the 100-day average. Failure to break higher would reinforce this as another lower high within a broader downtrend. For now, Ethereum is transitioning — not trending — with early signs of strength, but no confirmation yet. Featured image from ChatGPT, chart from TradingView.com
Increased scrutiny of private credit highlights potential systemic risks, emphasizing the need for regulatory balance to prevent financial instability.
The post US Fed, Treasury assess spillover risks from $1.8 trillion private credit appeared first on Crypto Briefing.
Escalating US-Iran tensions heighten nuclear security concerns as control over Iran's capabilities diminishes.
The post Robert Pape: 75% chance of US-Iran conflict escalation, the complexities of targeting nuclear materials, and the resilience of Iran’s regime | The Diary of a CEO appeared first on Crypto Briefing.
Chainlink's innovative oracle services are bridging the gap between traditional finance and the blockchain economy.
The post Ryan Lovell: Tokenization is revolutionizing finance, Chainlink ensures reliable data for blockchain applications, and understanding financial systems drives blockchain interest | Capital Allocators appeared first on Crypto Briefing.
AI-driven legal tech is reshaping law firms, creating competitive advantages in a traditionally stagnant market.
The post Max Junestrand: General AI models fall short for legal applications, tailored solutions are essential, and the legal sector’s AI adoption is reshaping competition | Uncapped with Jack Altman appeared first on Crypto Briefing.
On-chain data shows Bitcoin has been trading inside a major cost-basis cluster recently, and the latest rally hasn’t taken it past the range either. Bitcoin URPD Shows Significant Supply Has Cost Basis Near Current Levels In a new post on X, analyst Ali Martinez has discussed the latest data for the UTXO Realized Price Distribution (URPD) of Bitcoin. This on-chain indicator tells us about the amount of BTC that was last purchased at the various price levels visited by the cryptocurrency in its history. Related Reading: Top Toncoin Whales Silently Accumulate 189,730 TON Despite Market Weakness Below is the chart shared by Martinez that shows how the URPD of Bitcoin is looking right now. As is visible in the graph, there are some levels near to the current spot price with a notable amount of supply last purchased according to the URPD. Naturally, the investors holding coins with a cost basis at one of these levels below the latest price would be in some profit right now, while those above would be underwater. However, the latest price surge has meant that the majority of investors inside this cluster are now in the green. From the chart, it’s visible that this supply zone sits between $63,100 and $73,200. Following the rally back above $72,000, BTC has climbed toward the end of this range, but hasn’t yet exited it. Generally, investors who are in loss tend to react to a retest of their cost basis by selling, as they may fear going back underwater. Profitable hands, on the other hand, may accumulate more at their cost basis to defend it. Referring to the cluster between $63,100 and $73,200, the analyst noted: This is where millions of holders “voted” on the price. As long as we trade within this range, these investors are psychologically incentivized to defend their buy-in. Beyond the range, supply is relatively thin on the URPD until $82,000. While this means that Bitcoin won’t find much support at those levels, it also implies that resistance from investors exiting at their cost basis could also be relatively low. Though, it only remains to be seen how price action will unfold in the coming days and whether the cryptocurrency will venture past the range. Related Reading: Zcash Breaks Out With 34% Surge—Is $440 The Next Target? In another X post, Martinez also talked about the URPD for Ethereum, the digital asset second largest by market cap. As is visible in the below chart, ETH has major clusters at $2,079 and $1,882. After the latest price recovery, Ethereum is floating above both of these levels. “If the price drops below these levels, millions of holders at $1,584, $1,238, and $1,089 will likely defend their original “buy-in” price, creating a new floor,” explained the analyst. BTC Price Bitcoin has seen its recovery stall since Tuesday as its price is still trading around $72,400. Featured image from Dall-E, chart from TradingView.com
Stranded in space for 286 days, Wilmore's mission highlights the critical importance of leadership and preparation.
The post Butch Wilmore: Effective leadership requires recognizing limitations, the complexity of space shuttle launches demands precision, and space suits cost millions due to advanced technology | Shawn Ryan Show appeared first on Crypto Briefing.
Rising private credit markets and lack of regulation spark concerns over financial stability and market transparency.
The post Beimnet Abebe: Verifying information in the AI era is increasingly challenging, inflation fears are driving bond market sell-offs, and the rise of private credit markets raises regulatory concerns | Galaxy Brains appeared first on Crypto Briefing.
Discover how simple charts and strategic content monetization can drive viral success and meaningful income.
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Nuclear power emerges as a crucial solution amid doubts over wind and solar energy's reliability for net zero.
The post Tim Gregory: Achieving net zero through renewables is unrealistic, nuclear power is essential for energy reliability, and poor planning could lead to blackouts | The Peter McCormack Show appeared first on Crypto Briefing.
AI-driven systems revolutionize agriculture by autonomously managing plant care, showcasing transformative potential in physical applications.
The post Martin DeVido: AI models are learning from each other, biological consciousness isn’t necessary for understanding AI, and the future intelligence of AI is predicted to surge | Raoul Pal appeared first on Crypto Briefing.
Strategic ballpark changes by the Royals aim to boost team performance and fan engagement.
The post Vinnie Pasquantino: Ravens prioritize draft capital over player quality, medical evaluations are crucial in trades, and NFL’s expansion risks diminishing fan appeal | Pardon My Take appeared first on Crypto Briefing.
China's teapot refineries leverage geopolitical tensions to secure discounted oil, reshaping global energy dynamics.
The post Erica Downs: Middle East conflict is disrupting global oil logistics, the US stands to gain from increased gas exports to Europe, and China’s teapot refineries are reshaping import strategies | Odd Lots appeared first on Crypto Briefing.
AI labs face rising costs and strategic shifts as they compete for limited compute resources.
The post Dylan Patel: Tech companies prioritize long-term capex for future infrastructure, Anthropic’s scaling challenges contrast with OpenAI’s aggressive strategy, and GPU depreciation cycles may exceed five years | Dwarkesh appeared first on Crypto Briefing.
Carrie Prejean Boller challenges the commission's political agenda, highlighting censorship and religious freedom conflicts.
The post Carrie Prejean Boller: The religious liberty commission prioritizes political agendas over genuine freedom, censorship reflects a cultural war, and her personal experiences shape her advocacy | Tucker Carlson appeared first on Crypto Briefing.
Trump accounts attract over 100,000 daily sign-ups, highlighting significant youth engagement ahead of July 4 launch.
The post Brad Gerstner: Over 100,000 kids signing up daily for Trump accounts, equity-based giving pledges could address wealth disparity, and rising oil prices are driving inflation forecasts | All-In Podcast appeared first on Crypto Briefing.
Crypto hype surges as BTC, ETH, and SOL hit record highs amid market volatility and geopolitical tensions.
The post Vance: Geopolitical conflicts are driving oil price volatility, the rise of hype is pushing BTC, ETH, and SOL to all-time highs, and political pressures may accelerate energy resolutions | Bell Curve appeared first on Crypto Briefing.
AI's shift to consumption-based models could revolutionize how we pay for digital services, like utilities.
The post Ranjan Roy: AI is shifting towards consumption-based models, public fear stems from rapid advancements, and large language models are often overhyped | Big Technology appeared first on Crypto Briefing.
Maple's hybrid lending model attracts institutional clients, reshaping financial products with DeFi's strategic advantages.
The post Paul Frambot: Maple’s hybrid model combines CeFi and DeFi for institutional lending, resilience in crypto investment persists, and yield generation thrives through strategic partnerships | Unchained appeared first on Crypto Briefing.
NanoClaw's rapid rise highlights the potential for secure, minimal AI tools to transform enterprise services.
The post Gavriel Cohen: AI native service companies can achieve software-like margins, the rise of AI agents in marketing, and security risks of complex architectures | MLST appeared first on Crypto Briefing.
NanoClaw's rapid rise highlights the power of open-source innovation and strategic partnerships in AI development.
The post Gavriel Cohen: Open source projects thrive on community support, AI native service companies can achieve high margins, and security challenges in software architecture must be addressed | No Priors AI appeared first on Crypto Briefing.
The CFTC’s task force includes five members with legal and crypto backgrounds to help "clear rules of the road for American innovators."
Building trust through product experience is now crucial for driving growth in the software industry.
The post Elena Verna: Growth is a trust issue, emotional engagement drives software success, and subscription-only models can be risky | 20VC appeared first on Crypto Briefing.
Bitcoin's price surges after financial shocks highlight its role in the evolving economic landscape.
The post Jordi Visser: Bitcoin rallies post-financial shocks, rising debt to GDP signals economic trouble, and contagion risks loom in the current economy | The Pomp Podcast appeared first on Crypto Briefing.