hodler

18 May 2026, 21:11

Bitcoin Depot closes 9,000 ATMs after bankruptcy filing

🚨 Bitcoin Depot shut down 9,000 ATMs after its US bankruptcy. 💰 Massive losses and strict new state laws forced the shutdown of $BTC’s largest ATM network. 🔎 Key point: Over $10 million was lost to crypto ATM scams in Massachusetts alone. Continue Reading: Bitcoin Depot closes 9,000 ATMs after bankruptcy filing The post Bitcoin Depot closes 9,000 ATMs after bankruptcy filing appeared first on COINTURK NEWS .

18 May 2026, 21:00

Ethereum sees $246mln in liquidations – Can ETH hold $2015 support?

ETH lost bullish momentum quickly, yet some whales continued adding risk during the decline.

18 May 2026, 20:58

BTC falls 5 percent and tests $74k support

🚨 BTC slipped 5 percent and is now testing the $74,000 support. The $74,000 to $75,000 range is a historically critical level in $BTC. 🔎 Key point: Rising selling by long-term holders signals heightened risk. Continue Reading: BTC falls 5 percent and tests $74k support The post BTC falls 5 percent and tests $74k support appeared first on COINTURK NEWS .

18 May 2026, 20:56

Hyperliquid Price Prediction as Bitwise Announces Plans for HYPE Treasury

Hyperliquid price has surged today despite Bitcoin and other cryptos undergoing a bearish shift brought about by US-Iran war fears. The catalyst for the HYPE price surge is Bitwise’s announcement that it will use part of the management fee from its Bitwise Hyperliquid ETF to buy and hold HYPE on its balance sheet. At press time, the HYPE price was trading at $45.33, a 3% jump from the intra-day low. Bitwise said it will allocate 10% of the management fee from the Bitwise Hyperliquid ETF, trading under the ticker BHYP, toward holding HYPE. The company said the decision reflects Hyperliquid’s token model, where a large share of protocol revenue is used to buy and burn HYPE. The Bitwise Hyperliquid ETF began trading last week on the New York Stock Exchange. The product gives investors indirect exposure to HYPE and includes staking rewards, according to the fund structure described by Bitwise. Bitwise Adds HYPE Treasury Plan After ETF Launch Bitwise’s move adds a new treasury angle to the Hyperliquid market narrative. Instead of only collecting management fees from BHYP, the asset manager plans to direct a portion of those fees into HYPE holdings on its own balance sheet. The announcement followed one of the stronger altcoin ETF launches this year. BHYP recorded about $4.31 million in first-day trading volume, while combined Hyperliquid ETF products from Bitwise and 21Shares have reported more than $12.64 million in net assets and over $5 million in net inflows. 21Shares’ Hyperliquid fund currently accounts for most of the reported assets, with about $11.64 million in assets under management. Still, Bitwise’s decision to hold HYPE directly has drawn attention because it links ETF fee revenue to token accumulation. Bitwise also pointed to Hyperliquid’s protocol design. The company said about 99% of Hyperliquid blockchain revenue is used to buy and burn HYPE, creating a model in which token supply is directly affected by platform activity. Institutional Activity Supports HYPE Demand HYPE has also benefited from reports of large investor accumulation. On-chain data cited by Lookonchain showed a wallet linked to Andreessen Horowitz buying an additional 372,000 HYPE, worth about $16.91 million, bringing total accumulation since mid-April to roughly $90.87 million. Hyperliquid’s market activity has continued to expand beyond crypto perpetuals. Its HIP-3 pre-market trading system has reportedly surpassed $120 billion in volume, with users trading perpetual contracts tied to expected listings such as SpaceX, OpenAI, and Anthropic. The protocol has also reached a record $2.6 billion in open interest for real-world asset trading, according to market data shared by Hyperliquid watchers. That figure represents a 100% increase over two months. Stablecoin infrastructure is another area drawing attention. Under the AQAv2 framework, USDC has become the primary aligned stablecoin through partnerships involving Circle and Coinbase. Each entity has reportedly staked 500,000 HYPE under the framework. Market analysts estimate that if the USDC supply on HyperCore and HyperEVM reaches $5 billion with a 3.6% yield, 90% of the treasury yield directed to the assistance fund could add about $162 million in annual protocol revenue. However, regulatory attention remains another factor for Hyperliquid. CME and ICE have reportedly urged U.S. regulators to examine the platform over concerns tied to decentralized derivatives markets. Despite this, Hyperliquid has responded that its public on-chain record improves transparency and can support surveillance by regulators. HYPE Price Faces Key $46 Resistance From a technical view, HYPE remains near a major resistance level at $46. Traders are watching whether the token can close above that zone on a higher timeframe. A monthly close above $46 could open the door for a retest of HYPE’s previous all-time high. Until then, analysts describe the market as range-bound between $38 and $46. Source: TradingView If the HYPE price breaks above $46, a rally towards $50 may be on the way. Moreover, with the bulging Bollinger Bands, the bullish momentum may persist for the HYPE token to break out. However, if sellers defend the upper Bollinger band level at $47, the token may consolidate inside the current range before another attempt. The Relative Strength Index (RSI) still points to more bullish ground since it's still below the overbought zone. In case of a bearish reversal, the support remains near $38, which has acted as the lower boundary of the recent trading range. A drop below that area would weaken the current structure and shift attention to lower support zones at $35.

18 May 2026, 20:55

Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns

Both Bitcoin and Ethereum face a quantum computing threat, but Citi says the gap between them comes down to governance, not just technology.

18 May 2026, 20:55

Crypto Super PAC Drops $4.2M on Georgia House Primary Race

BitcoinWorld Crypto Super PAC Drops $4.2M on Georgia House Primary Race A cryptocurrency-focused political action committee has injected $4.2 million into a U.S. House primary race in Georgia, marking one of the largest single-race expenditures by the industry this election cycle. Protect Progress, a Super PAC aligned with the crypto sector, is backing Democratic candidate Jasmine Clark in the state’s 7th Congressional District primary. The Spending and the Candidate Protect Progress has directed its resources toward Clark, a state representative seeking to move to the U.S. House. The PAC’s mission is to elect candidates who support pro-crypto legislation, including clearer regulatory frameworks for digital assets. The $4.2 million investment covers advertising, direct mail, and digital outreach efforts aimed at boosting Clark’s name recognition and voter turnout in the competitive primary. Clark has positioned herself as a pragmatic voice on technology and financial innovation, though her campaign has not formally endorsed specific crypto policies. The Super PAC’s support is based on her general openness to tech-friendly policies and her record in the Georgia state legislature. Testing PAC Influence After Mixed Results This Georgia race has become a closely watched test case for the crypto industry’s political influence. Protect Progress has not performed as well as expected in several earlier primaries, where its endorsed candidates either lost or underperformed relative to the money spent. The Georgia primary offers a fresh opportunity to demonstrate whether heavy spending can reliably sway primary voters. Political analysts note that primary races, with their lower turnout and more ideologically engaged voters, can be more susceptible to targeted spending than general elections. However, the mixed track record of Protect Progress suggests that money alone does not guarantee results, especially when voters prioritize local issues or candidate familiarity. Implications for Crypto’s Political Strategy The outcome of this race could influence how the crypto industry allocates its political budget in future cycles. A win for Clark would reinforce the strategy of early and heavy investment in primaries. A loss, especially after a $4.2 million spend, might push PACs to reconsider their approach, possibly shifting focus to general elections or to candidates with stronger local grassroots support. The broader context is the crypto industry’s increasing effort to shape federal policy. With multiple regulatory bills pending in Congress, the industry sees electing friendly lawmakers as essential to securing favorable legislation on stablecoins, market structure, and tax treatment. Conclusion The $4.2 million investment by Protect Progress in Georgia’s 7th District primary represents a significant bet on the power of crypto money to influence electoral outcomes. As the industry seeks to build a coalition of pro-crypto lawmakers, the results of this race will offer an early indicator of whether its spending strategy is effective or needs recalibration. Voters in the district will decide not only their party’s nominee but also, indirectly, the perceived strength of the crypto lobby’s political arm. FAQs Q1: What is Protect Progress? Protect Progress is a Super PAC funded by the cryptocurrency industry. It spends money to support candidates in both parties who are viewed as favorable to crypto-friendly legislation. Q2: Why is this Georgia primary important for the crypto industry? The race tests whether heavy spending by crypto PACs can reliably influence primary outcomes, especially after mixed results in earlier contests. A win would validate the strategy; a loss could prompt a shift in approach. Q3: Does Jasmine Clark have a specific crypto policy platform? Clark has not released a detailed crypto platform but is seen as generally supportive of technology and innovation. Her support from Protect Progress is based on her overall record and openness to tech-friendly policies. This post Crypto Super PAC Drops $4.2M on Georgia House Primary Race first appeared on BitcoinWorld .