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14 May 2026, 21:40

Bitwise Hyperliquid ETF begins trading on NYSE today, offering staking rewards

BitcoinWorld Bitwise Hyperliquid ETF begins trading on NYSE today, offering staking rewards Crypto asset manager Bitwise’s Hyperliquid ETF begins trading on the New York Stock Exchange today, May 15, under the ticker BHYP. The fund marks the first US-listed exchange-traded fund to offer investors exposure to Hyperliquid while also providing staking rewards through Bitwise Onchain Solutions, according to a report from The Block. A first-of-its-kind structure for a crypto ETF Unlike traditional crypto ETFs that simply track the price of a digital asset, BHYP is structured to generate yield through staking. Bitwise Onchain Solutions, a subsidiary of Bitwise Asset Management, will manage the staking process. This allows the fund to potentially distribute staking rewards to shareholders, creating a hybrid product that combines price exposure with income generation. Hyperliquid is a layer-1 blockchain and decentralized exchange (DEX) platform known for its high-speed trading infrastructure. The ETF’s launch follows a wave of crypto-related ETF filings and approvals in the US, as regulators show increasing willingness to allow staking within fund structures. Implications for the crypto ETF market The approval and listing of BHYP signals a shift in how digital asset ETFs can operate. Staking has been a contentious issue with the SEC, which has previously questioned whether staked assets qualify as securities. By embedding staking directly into an ETF structure, Bitwise may have set a precedent for future products. Industry analysts are watching closely to see whether other asset managers follow suit with similar staking-integrated ETFs. If successful, BHYP could open the door for more yield-generating crypto funds on major US exchanges, potentially attracting a broader base of institutional and retail investors. What this means for investors For investors, BHYP offers a regulated, exchange-traded way to gain exposure to Hyperliquid without directly holding or managing the underlying tokens. The staking component adds a potential income stream, though it also introduces additional risks related to staking mechanics, validator performance, and protocol security. Bitwise has emphasized that the fund will comply with all SEC and NYSE listing requirements, and that staking rewards will be distributed in accordance with the fund’s prospectus. Investors should review the fund’s documentation carefully before investing. Conclusion The launch of the Bitwise Hyperliquid ETF on the NYSE represents a notable development in the evolution of crypto investment products. By combining ETF accessibility with staking rewards, BHYP may influence the design of future digital asset funds. Its performance and regulatory reception will be closely monitored by the broader financial industry. FAQs Q1: What is the ticker symbol for the Bitwise Hyperliquid ETF? A1: The fund trades under the ticker BHYP on the New York Stock Exchange. Q2: How does staking work within this ETF? A2: Bitwise Onchain Solutions manages the staking of the underlying Hyperliquid tokens. Staking rewards generated are distributed to the fund’s shareholders, providing potential income in addition to price exposure. Q3: Is this the first crypto ETF to include staking? A3: BHYP is the first US-listed ETF to offer Hyperliquid staking rewards directly within the fund structure. It represents a new category of crypto ETFs that combine passive exposure with active yield generation. This post Bitwise Hyperliquid ETF begins trading on NYSE today, offering staking rewards first appeared on BitcoinWorld .

14 May 2026, 21:35

South Korea's biggest exchange fights deepfake fraud wave

Bithumb, South Korea’s largest cryptocurrency exchange by trading volume, put out an anti-phishing guide on May 14. The warning centers on AI-powered voice and video scams targeting people who hold digital assets. The campaign goes by “Voice Phishing Complete Guide.” It’s part of the exchange’s Information Protection Day push. Focus is on deepfake and deepvoice fraud, where criminals use artificial intelligence to copy the voices and faces of family members, exchange staff, or government officials during live calls, according to DigitalToday. AI-assisted fraud aimed at crypto investors has gotten more sophisticated over the past year. In one case cited by both DigitalToday and The Crypto Times, someone in Hong Kong got tricked by an AI-generated video conference and lost about 40 billion won. That’s equivalent to around $29 million. Fraudsters impersonate support staff and relatives Scammers are impersonating exchange customer support agents, bank employees, and even family. Their aim is to pressure people into installing remote access apps on their devices, handing over passwords, or moving funds to unknown wallets, according to Bithumb’s guide. Bithumb listed out three rules that it says are essential for keeping assets safe: Never share OTP codes or passwords. Never click on URLs from unverified sources. Never send crypto to a stranger’s wallet address. Bithumb also told users to turn on two-factor authentication and block logins from overseas IP addresses. For mobile users, the company pointed to telecom carriers’ AI-based phishing detection services as an extra layer of protection, according to The Crypto Times. A Bithumb spokesperson said AI financial crimes are getting harder to spot. However, the exchange will continue to run security awareness campaigns. 보이스피싱 완전정복🧐 지난 캠페인에서는 “오류를 해결하세요”라며 명령어 실행을 유도하는 ClickFix 공격을 소개해 드렸는데요. 이번 달 주제는 보이스피싱(Voice Phishing) 입니다. 보이스피싱은 수년째 가장 큰 피해액을 기록하고 있는 대표적 금융사기이며, 최근에는 여기에 AI 기술을 악용한… pic.twitter.com/LfVDCCGyD0 — Bithumb (@BithumbOfficial) May 13, 2026 Deepfake crypto losses pile up everywhere Deepfake scams are not limited to Korean exchanges. In Canada, two people lost a combined $2.3 million to deepfake crypto scams, according to a Cryptopolitan report. One victim in Ontario got pulled in by a fabricated video of Elon Musk promoting a crypto investment on Facebook. She eventually lost $1.7 million after being shown fake account balances and pressured into borrowing from family to cover supposed withdrawal fees. A man from Prince Edward Island found an AI-generated promotional video. His losses hit $600,000. Former U.S. prosecutor Erin West, who now investigates cryptocurrency fraud full-time, said that many of the scam operations run from compounds in Southeast Asia where workers are trafficked and forced to contact victims. Crackdowns in the region are pushing some operations to Latin America and Africa, West said. The security campaign lands during a rough stretch for the exchange. Earlier in 2026, a “fat-finger” error reportedly credited hundreds of Bithumb users with 620,000 BTC units instead of 620,000 Korean won. Some users sold the mistakenly credited funds before the error got fixed. The Seoul Administrative Court suspended enforcement of a six-month business ban on Bithumb, while the Korea Financial Intelligence Unit had previously accused the exchange of regulatory violations and slapped it with a 36.8 billion won fine. New rules now require firms handling overseas digital asset transfers to register with the Ministry of Economy and Finance before operating. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

14 May 2026, 21:20

Gemini Secures $100M Bitcoin Investment from Winklevoss Capital, Reports Mixed Q1 Results

BitcoinWorld Gemini Secures $100M Bitcoin Investment from Winklevoss Capital, Reports Mixed Q1 Results Gemini, the U.S.-based cryptocurrency exchange founded by the Winklevoss twins, has received a $100 million investment from Winklevoss Capital, the family office and venture arm of its founders. The investment, paid entirely in Bitcoin, is intended to strengthen the exchange’s liquidity and support its broader evolution into a full-stack market company, according to a statement cited by Unfolded. Strategic Capital Injection Amid Market Shifts The $100 million infusion comes at a pivotal time for Gemini, which has been navigating a volatile crypto market and increasing regulatory scrutiny. The exchange reported that its first-quarter revenue rose 42% year-over-year to $50.3 million, signaling resilience in its core business. However, trading volume on the platform fell sharply by 53% to $6.3 billion, reflecting a broader industry slowdown in retail and institutional trading activity during the period. Winklevoss Capital’s decision to invest entirely in Bitcoin rather than fiat currency underscores the firm’s long-term conviction in digital assets. The Winklevoss brothers, Cameron and Tyler, have been prominent advocates for cryptocurrency since co-founding Gemini in 2014. The investment also aligns with their strategy of using Bitcoin as a treasury asset, a move that has gained traction among corporate investors in recent years. What This Means for Gemini’s Roadmap The capital injection is expected to accelerate Gemini’s transition into a full-stack market company, a term the exchange has used to describe its ambition to offer a comprehensive suite of financial services beyond simple trading. This could include expanded custody solutions, staking products, derivatives, and potentially a push into decentralized finance (DeFi) infrastructure. Enhanced liquidity is also critical for attracting institutional clients, who require deep order books and minimal slippage for large trades. Gemini’s mixed quarterly results highlight the challenges facing even well-capitalized exchanges in the current environment. While revenue growth is a positive sign, the sharp decline in trading volume suggests that the platform may need to diversify its revenue streams to reduce dependence on transaction fees. The new investment provides a buffer to invest in product development and regulatory compliance, both of which are essential for long-term survival in the crypto space. Industry Context and Competitive Landscape Gemini’s announcement comes as the cryptocurrency exchange sector undergoes a period of consolidation and retrenchment. Rivals such as Coinbase and Binance have also reported fluctuating volumes and revenues, while regulatory actions in the U.S. and Europe have forced exchanges to invest heavily in compliance infrastructure. Gemini itself has faced regulatory challenges, including a settlement with the New York Department of Financial Services (NYDFS) in 2024 over compliance issues related to its Gemini Earn program. The $100 million investment from Winklevoss Capital is notable not only for its size but for its structure. By using Bitcoin as the investment vehicle, the firm is effectively increasing its exposure to the asset class while providing Gemini with a non-dilutive capital infusion that does not rely on traditional fiat banking channels. This approach may serve as a template for other crypto-native companies seeking to raise capital without triggering taxable events or diluting existing shareholders. Conclusion Gemini’s $100 million Bitcoin investment from Winklevoss Capital provides the exchange with a meaningful liquidity buffer and a vote of confidence from its founders. The mixed Q1 results—rising revenue alongside falling trading volume—underscore the need for strategic diversification. For readers, the key takeaway is that Gemini is positioning itself for a broader financial services role, leveraging its founders’ capital and conviction to weather market headwinds. The coming quarters will reveal whether this strategy can reverse the decline in trading activity and establish Gemini as a more resilient, full-service market participant. FAQs Q1: Why did Winklevoss Capital invest in Gemini using Bitcoin instead of cash? Investing in Bitcoin reflects the Winklevoss brothers’ long-term bullish outlook on the cryptocurrency and allows Winklevoss Capital to increase its Bitcoin holdings while providing Gemini with a non-dilutive capital infusion. It also avoids the need for traditional fiat banking channels. Q2: How will Gemini use the $100 million investment? Gemini plans to use the funds to enhance platform liquidity and support its transition into a full-stack market company, which may include expanding custody, staking, derivatives, and DeFi services, as well as strengthening regulatory compliance. Q3: What does Gemini’s 53% drop in trading volume indicate? The decline in trading volume reflects broader market conditions, including reduced retail and institutional activity in the crypto space during the first quarter. It also suggests that Gemini may need to diversify its revenue beyond transaction fees to maintain growth. This post Gemini Secures $100M Bitcoin Investment from Winklevoss Capital, Reports Mixed Q1 Results first appeared on BitcoinWorld .

14 May 2026, 21:05

Coinbase Named Official USDC Treasury Operator for Hyperliquid, Increases Staked HYPE Position

BitcoinWorld Coinbase Named Official USDC Treasury Operator for Hyperliquid, Increases Staked HYPE Position Coinbase has officially joined Hyperliquid as its designated USDC treasury operator, the company announced via a post on X. The move signals a deepening institutional relationship between the two crypto entities, with Coinbase also revealing it has significantly increased its holdings of staked HYPE tokens. Specific financial details regarding the treasury arrangement or the size of the staked HYPE position were not disclosed. Understanding the Treasury Operator Role As the official USDC treasury operator, Coinbase will manage the stablecoin reserves underpinning Hyperliquid’s ecosystem. This role typically involves overseeing the minting, burning, and secure custody of USDC tokens used for trading, liquidity, and settlement on the Hyperliquid platform. The partnership leverages Coinbase’s established infrastructure for digital asset custody and stablecoin management, providing Hyperliquid with a regulated and reliable treasury partner. The announcement also confirmed that Coinbase has expanded its stake in staked HYPE, the native token of the Hyperliquid layer-1 blockchain. Staking HYPE involves locking tokens to support network security and operations, earning rewards in return. The increase in staked holdings suggests growing confidence from Coinbase in Hyperliquid’s long-term viability and governance model. Market and Industry Implications This collaboration comes at a time when stablecoin treasuries are becoming increasingly critical for decentralized finance (DeFi) protocols. By partnering with a publicly traded company like Coinbase, Hyperliquid gains enhanced credibility and operational transparency. For Coinbase, the deal expands its service offerings beyond retail and institutional trading into specialized treasury management for blockchain networks. Why This Matters for Users For Hyperliquid users, the involvement of a major regulated entity like Coinbase may improve trust in the platform’s reserve management and liquidity stability. It also potentially streamlines the process of moving USDC between centralized exchanges and the Hyperliquid ecosystem. For the broader crypto market, the arrangement highlights the growing trend of traditional finance infrastructure integrating with decentralized protocols. Conclusion The partnership between Coinbase and Hyperliquid represents a significant step in the maturation of crypto treasury operations. While many details remain undisclosed, the combination of a major exchange acting as a treasury operator and increasing its staked position in a protocol’s native token is a notable development in institutional crypto engagement. Observers will be watching for further announcements regarding the scope and terms of the arrangement. FAQs Q1: What does a USDC treasury operator do? A USDC treasury operator manages the issuance, redemption, and custody of USDC stablecoins for a platform or protocol. This ensures that the stablecoin supply is properly backed and securely held, maintaining its 1:1 peg to the US dollar. Q2: Why did Coinbase increase its staked HYPE holdings? While the exact reasons were not disclosed, increasing staked HYPE suggests Coinbase has confidence in Hyperliquid’s network security, governance, and long-term value proposition. It also aligns Coinbase’s financial interests with the success of the Hyperliquid ecosystem. Q3: How does this partnership affect Hyperliquid users? Users may benefit from improved treasury transparency, more reliable USDC liquidity, and potentially faster or cheaper transactions between Coinbase and Hyperliquid. The partnership also adds a layer of regulatory familiarity to the platform. This post Coinbase Named Official USDC Treasury Operator for Hyperliquid, Increases Staked HYPE Position first appeared on BitcoinWorld .

14 May 2026, 20:15

Coinbase Becomes Official USDC Treasury Deployer on Hyperliquid

Coinbase announced that it is expanding support for USDC on Hyperliquid by becoming the official treasury deployer of USDC under Hyperliquid’s Aligned Quote Asset (AQA) framework. The company said the move aims to strengthen USDC’s position as the primary stablecoin used across on-chain capital markets. USDC Strengthens Grip on Hyperliquid In the latest press release, Coinbase stated that concentrating liquidity around USDC could improve market efficiency by allowing capital to move more freely across trading venues with fewer conversions. Users will continue to have access to USDC through Coinbase’s fiat on- and off-ramps and its wider global network. The AQA framework was originally introduced by Native Markets as part of its efforts to build a stablecoin platform for Hyperliquid users. Coinbase said it will now assume the role of AQA deployer, while Native Markets has agreed to terms giving Coinbase the right to acquire the USDH brand assets. According to the announcement, USDH markets will remain operational for now but will gradually be phased out over time. Coinbase also revealed that USDH remains fully backed and that users can continue converting USDH to USDC without fees or redeeming for fiat during the transition period. Meanwhile, Native Markets will continue handling those conversions and redemptions. “Since launch, Hyperliquid has seen rapid growth and quickly became a predominant onchain trading network. Coinbase has invested in supporting builders on HyperEVM by supporting stablecoin liquidity. We’re excited to further our support of the ecosystem and see USDC’s continued growth on Hyperliquid.” Next Phase In a separate post, Hyperliquid revealed that Circle will serve as the technical deployer overseeing Cross-Chain Transfer Protocol (CCTP) services and native cross-chain infrastructure, while both Circle and Coinbase have committed to staking HYPE tokens to support AQAv2 activation. The announcement also noted that, as the treasury deployer, Coinbase is expected to share the majority of the reserve yield revenue with the protocol. Hyperliquid further indicated that a future network upgrade will transition canonical outcome markets under HIP-4 to using USDC as the quote asset. Since its debut in November 2024, Hyperliquid has established itself as a major player in on-chain crypto trading, particularly in perpetual futures markets. The platform gained further institutional attention earlier this week when 21Shares launched the first ETF designed to provide exposure to its native token, HYPE. The post Coinbase Becomes Official USDC Treasury Deployer on Hyperliquid appeared first on CryptoPotato .

14 May 2026, 20:15

Chinese Yuan Gains Support from Earnings Stability, Limited FX Risk: BNY

BitcoinWorld Chinese Yuan Gains Support from Earnings Stability, Limited FX Risk: BNY The Chinese Yuan is finding support from robust corporate earnings and a relatively contained foreign exchange risk environment, according to a recent analysis from BNY. The assessment provides a nuanced view of the currency’s near-term outlook, emphasizing structural factors that may buffer the yuan against external volatility. Earnings Stability as a Pillar for the Yuan BNY’s research highlights that strong earnings from Chinese exporters and multinational firms are contributing to a stable demand for the yuan. These earnings flows, often repatriated or used for domestic operations, reduce the need for speculative currency hedging and provide a natural support floor. The analysis suggests that the resilience of China’s corporate sector, particularly in manufacturing and technology, is acting as a counterweight to broader global economic uncertainties. Limited FX Risk in the Current Environment The report also notes that foreign exchange risk for the yuan remains limited compared to other emerging market currencies. BNY attributes this to China’s capital controls, a managed floating exchange rate system, and a relatively stable policy environment. While global trade tensions and interest rate differentials continue to influence currency markets, the yuan’s trajectory appears less exposed to sharp fluctuations than peers such as the Indian rupee or Brazilian real. Implications for Investors and Businesses For investors and businesses with exposure to Chinese markets, the BNY analysis suggests a cautiously optimistic outlook. The combination of earnings support and manageable FX risk could encourage greater portfolio allocation to yuan-denominated assets, particularly bonds and equities. However, the report also cautions that any unexpected shift in trade policy or domestic economic data could alter the risk calculus quickly. Conclusion BNY’s assessment reinforces the view that the Chinese Yuan is currently underpinned by tangible economic fundamentals rather than speculative momentum. The interplay between corporate earnings stability and limited foreign exchange risk provides a measured basis for confidence, even as global markets navigate ongoing uncertainties. Investors should monitor trade developments and policy signals closely, but the near-term outlook for the yuan appears constructive. FAQs Q1: What does BNY’s analysis say about the Chinese Yuan’s support? BNY highlights that strong corporate earnings from Chinese exporters and multinationals are providing stable demand for the yuan, reducing the need for speculative hedging and supporting the currency. Q2: Why is foreign exchange risk considered limited for the yuan? China’s capital controls, managed exchange rate system, and stable policy environment help contain FX risk, making the yuan less volatile than many other emerging market currencies. Q3: How should investors interpret this analysis? The analysis suggests a cautiously optimistic outlook for yuan-denominated assets, but investors should remain alert to potential shifts in trade policy or domestic economic data that could change the risk profile. This post Chinese Yuan Gains Support from Earnings Stability, Limited FX Risk: BNY first appeared on BitcoinWorld .