hodler

4 Jun 2026, 06:41

Is HYPE's rally over, or can Hyperliquid climb toward $105?

HYPE has remained above $70 after reaching a record high near $75, even as analysts weigh whether the token’s rally still has room to run. According to CoinGecko data, Hyperliquid’s native token traded around $73 on Thursday after briefly touching an all-time high above $75 earlier this week. The rally has stood out against a difficult backdrop for digital assets, with Bitcoin, Ethereum and several major cryptocurrencies posting steep losses during the same period. Much of the recent strength has coincided with growing institutional access to the asset. On June 3, Grayscale launched the Hyperliquid Staking ETF under the ticker HYPG, becoming the third US spot HYPE exchange-traded fund after products from 21Shares and Bitwise. The fund carries a 0.29% sponsor fee, slightly undercutting its direct competitors. Meanwhile, according to SoSoValue data, the competing THYP and BHYP funds attracted more than $136 million in net inflows and generated nearly $600 million in trading volume within their first three weeks on the market. Recent SEC disclosures also showed that large financial firms have gained exposure to Hyperliquid-linked investment products, adding to the narrative that traditional capital is entering the ecosystem. Notably, Form 10-Q and 8-K filings reveal aggressive corporate treasury pivots from public companies like KIDZ AI and Lion Group Holding, alongside massive dedicated entities like Hyperliquid Strategies Inc, whose corporate balance sheet controls over $689 million in native HYPE. Can HYPE keep climbing after its record run? While ETF demand has attracted most of the attention, Hyperliquid’s token structure has also contributed to the rally. The protocol directs more than 97% of its revenue toward buying back HYPE from the open market. As trading activity increases, those purchases grow alongside it. At the same time, DeFiLlama data shows that Hyperliquid’s total value locked recently climbed to about $5.9 billion, which is a sign of increased network activity. In the meantime, supply conditions remain tight as 61% of HYPE’s supply is locked until 2028, limiting the number of tokens available on the market. Combined with ETF accumulation and staking participation, the reduced float has amplified the effect of new demand. Institutional interest has arrived as Hyperliquid continues expanding its footprint in derivatives trading. The platform captured a record 6.63% share of global perpetual futures volume in May, while HIP-3 builder-deployed perpetual contracts generated more than $62 billion in monthly trading activity. Hyperliquid's trading volume relative to Binance also reached a record level during the month. Technical picture still favors bulls, but caution is emerging Price action suggests the uptrend remains intact despite a modest pullback from recent highs. On shorter timeframes, the rally has yet to show clear signs of failure. The 4-hour chart shows HYPE holding above a breakout zone that formed after a bull pennant pattern resolved to the upside. HYPE/USDT 4-h price chart. Source: TradingView. Following a rapid advance from the mid-$40 range to new highs above $75, price has entered a consolidation phase rather than a sharp reversal. Support remains concentrated around the $72 to $75 area, which previously acted as resistance before the breakout. Holding that region would keep the bullish structure intact, while a sustained move below it could expose the token to a deeper pullback toward the $64 level. The daily chart continues to support the longer-term trend. HYPE remains above its 20-day, 50-day, 100-day and 200-day exponential moving averages. HYPE/USDT 1-day price chart. Source: TradingView. The 20-day EMA sits near $62, while the 50-day EMA is around $53, leaving considerable distance between price and key trend indicators. Momentum indicators show the market approaching stretched conditions after its recent run. The daily Relative Strength Index remains close to 70, a level traders often associate with strong buying momentum but also with the possibility of short-term cooling after a rapid advance. Volume trends remain supportive. On-balance volume has continued moving higher alongside price, suggesting demand has accompanied the rally rather than the move being driven solely by thin liquidity. On the 4-hour chart, price also continues to trade near its session VWAP around $73, indicating buyers have largely maintained control around recent trading levels. Technical analysts have pointed to higher targets if the breakout structure remains valid. As previously reported by Invezz, HYPE has broken above a multi-week bull pennant pattern and projected a measured-move target of roughly $105.30. For now, the technical structure does not point to a definitive end to the rally. Instead, both the 4-hour and daily charts suggest the market is digesting recent gains after a powerful breakout, with the $72 to $75 region emerging as the key area traders are watching to determine whether buyers can maintain control of the trend. The post Is HYPE's rally over, or can Hyperliquid climb toward $105? appeared first on Invezz

4 Jun 2026, 06:15

Arthur Hayes Sells Entire HYPE and NEAR Positions, Citing Energy Prices and AI IPOs

BitcoinWorld Arthur Hayes Sells Entire HYPE and NEAR Positions, Citing Energy Prices and AI IPOs BitMEX co-founder Arthur Hayes has announced the sale of his entire holdings in Hyperliquid (HYPE) and Near Protocol (NEAR), marking a significant shift in his investment strategy. The move, disclosed via social media, reverses his earlier bullish stance on both assets. Hayes stated he will publish a detailed essay next Tuesday explaining the reasoning behind his decision. Factors Behind the Sale Hayes briefly outlined several macroeconomic and geopolitical factors that influenced his decision. These include rising energy prices driven by a potential resumption of conflict in Iran, the expected wave of large-scale AI company IPOs through early Q3, and a prediction that U.S. President Donald Trump will adopt a hostile stance toward AI to secure a Republican election victory. He also expressed his expectation that the broader market will peak between now and September, making it an opportune time to realize profits. Reversal of Previous Predictions Hayes’s recent actions stand in contrast to his earlier forecasts. On May 30, he predicted that HYPE would rise to $150, a target that now appears abandoned. He had also previously forecasted a rise for NEAR, describing it as a fundamentals-driven cryptocurrency with strong potential. The sale of both positions suggests a significant change in his market outlook, moving from accumulation to profit-taking. What This Means for the Market Hayes’s decision carries weight given his track record as a prominent figure in the cryptocurrency space. His shift to a more cautious stance may influence other investors and traders, particularly those who follow his market commentary. The specific mention of geopolitical tensions and AI-related IPOs highlights the growing interconnectedness between cryptocurrency markets and broader macroeconomic events. For holders of HYPE and NEAR, this development introduces additional uncertainty, especially after Hayes’s previous bullish predictions. Conclusion Arthur Hayes’s sale of his entire HYPE and NEAR positions represents a notable pivot in his investment strategy, driven by a complex mix of geopolitical, economic, and political factors. The market will be watching closely for his upcoming essay, which is expected to provide a more comprehensive explanation. This development underscores the importance of monitoring macroeconomic trends for cryptocurrency investors. FAQs Q1: Why did Arthur Hayes sell his HYPE and NEAR holdings? Hayes cited rising energy prices from potential conflict in Iran, large-scale AI company IPOs, and a prediction that President Trump will take a hostile stance toward AI for political gain. He also expects the market to peak between now and September. Q2: What were Arthur Hayes’s previous predictions for HYPE and NEAR? On May 30, Hayes predicted HYPE would rise to $150. He also forecasted a rise for NEAR, calling it a fundamentals-driven cryptocurrency. Q3: When will Arthur Hayes explain his decision in detail? Hayes stated he will release an essay explaining his reasoning next Tuesday. This post Arthur Hayes Sells Entire HYPE and NEAR Positions, Citing Energy Prices and AI IPOs first appeared on BitcoinWorld .

4 Jun 2026, 05:30

XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on the ledger. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Asheesh Birla, Evernorth’s chief executive, has argued that XRP’s long-term value will come from banks and businesses using it as working capital rather than treating it as a coin to trade. He has also said the gap between adoption and price remains wide, even as usage and tokenization continue to set records. Birla has pointed to macro pressure, geopolitical tension, and higher rates as part of the reason XRP has not kept pace with the growth story. The message is simple: the network can be busy while the token price stays under strain. 1/6 For everyone who’s wondered when “real banks” will use blockchain: they already are. The next 18 months will be about how much, on which chains, and under which set of rules. One of Europe’s biggest banks has put its euro stablecoin on XRP. Here’s why that matters. 🧵👇… pic.twitter.com/iLcDFd0itK — evernorthxrp (@evernorthxrp) June 2, 2026 How Evernorth Plans To Expand Evernorth is trying to make that growth easier for institutions to access. Instead of forcing banks and asset managers to deal with wallets, private keys, and compliance systems on their own, the company is offering exposure through its own stock. The structure echoes the model used by several public companies that have built large Bitcoin holdings and given investors a familiar market wrapper. Evernorth has said that approach can make XRP easier for institutions to hold, fund, and use. 5/6 When a globally important bank picks public blockchains to host its regulated euro, that’s a vote about which networks they think will host the next phase of money. XRP was one of four chains that made that shortlist. — evernorthxrp (@evernorthxrp) June 2, 2026 The company says it has backing from Ripple, Kraken, Pantera Capital, and SBI Holdings, with total funding topping $1 billion. Its S-4 filing with the US Securities and Exchange Commission, submitted in March 2026, lays out plans to grow XRP holdings through institutional lending, liquidity provision, and activity tied to decentralized finance on the XRP Ledger. XRP TREASURY EVERNORTH FILES UPDATED SEC DOCUMENTS AHEAD OF XRPN LISTING@Ripple-backed $XRP treasury firm, Evernorth has filed an updated Form S-4 as it moves closer to a Nasdaq debut. The firm plans to go public via merger with Armada Acquisition Corp II. It holds over 473… pic.twitter.com/MjUnROPQ5u — BSCN (@BSCNews) May 4, 2026 Related Reading: Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom Featured image from Pexels, chart from TradingView

4 Jun 2026, 05:20

Gold Rebounds From One-Week Low as Israel-Lebanon Truce Weakens Safe-Haven Dollar

BitcoinWorld Gold Rebounds From One-Week Low as Israel-Lebanon Truce Weakens Safe-Haven Dollar Gold prices staged a modest recovery on Tuesday, bouncing back from a one-week low, as a newly announced truce between Israel and Lebanon weighed on the safe-haven U.S. dollar. The yellow metal, which had been under pressure in recent sessions, found renewed buying interest as geopolitical tensions eased, reducing the dollar’s appeal as a避险 asset. Geopolitical Truce Shifts Market Sentiment The agreement, brokered by international mediators, calls for an immediate cessation of hostilities along the Israel-Lebanon border. While the region remains fragile, the truce marks the first significant de-escalation in weeks. Market participants interpreted the development as a reduction in immediate geopolitical risk, prompting a rotation out of the dollar and into assets like gold that benefit from a weaker greenback. Gold, which is priced in dollars, becomes cheaper for holders of other currencies when the dollar declines, boosting demand. The precious metal had fallen to around $2,330 per ounce earlier in the week before rebounding to near $2,355 by midday Tuesday. Market Reaction and Analyst Perspectives The dollar index, which measures the greenback against a basket of major currencies, slipped 0.3% on the day, providing a tailwind for gold. Meanwhile, U.S. Treasury yields remained relatively stable, suggesting the move was driven primarily by geopolitical repositioning rather than a shift in monetary policy expectations. “The truce removes a layer of uncertainty that had been supporting the dollar,” said a senior market strategist at a London-based brokerage. “Gold is benefiting from this realignment, but the rally may be capped if the truce holds and risk appetite improves further.” What This Means for Investors For precious metals traders, the immediate takeaway is that gold remains sensitive to geopolitical headlines. The truce does not resolve deeper structural tensions in the Middle East, but it does reduce the likelihood of a broader regional conflict in the near term. This could limit further upside for gold unless new catalysts emerge, such as weaker U.S. economic data or renewed central bank buying. Long-term holders, however, may view any pullback as a buying opportunity. Central banks globally continue to diversify reserves away from the dollar, and gold’s role as a portfolio hedge remains intact. Conclusion Gold’s rebound from its one-week low highlights the metal’s ongoing sensitivity to geopolitical developments and dollar dynamics. While the Israel-Lebanon truce has temporarily weakened the safe-haven dollar, the broader outlook for gold will depend on the durability of the ceasefire and upcoming U.S. economic data. Investors should monitor both fronts for signs of sustained direction. FAQs Q1: Why did gold rebound after the Israel-Lebanon truce? The truce reduced geopolitical tensions, which weakened the safe-haven U.S. dollar. Since gold is priced in dollars, a weaker dollar makes gold cheaper for international buyers, boosting demand and prices. Q2: How does the dollar’s strength affect gold prices? Gold and the dollar typically have an inverse relationship. When the dollar strengthens, gold becomes more expensive for foreign investors, often leading to lower prices. A weaker dollar has the opposite effect. Q3: Should I buy gold now? That depends on your investment strategy. If you are looking for a short-term trade, the current rebound may be limited. For long-term portfolio diversification and inflation hedging, gold remains a viable option, especially with ongoing central bank purchases and geopolitical uncertainty. This post Gold Rebounds From One-Week Low as Israel-Lebanon Truce Weakens Safe-Haven Dollar first appeared on BitcoinWorld .

4 Jun 2026, 05:00

Premier League Crypto Sponsors Under Fire In UK Regulatory Warning

The UK’s financial watchdog has raised concerns to Premier League football clubs about sponsorships with unauthorized crypto firms. UK FCA Has Warned Premier League Football Clubs Over Crypto Sponsors According to a statement from the UK’s Financial Conduct Authority (FCA) , the regulator has written to football clubs in the country over concerns about sponsorship deals with unauthorized crypto firms and trading platforms. The clubs mainly include, but are not limited to, teams from the English Premier League. The English Premier League sits at the top of the footballing pyramid in Britain and is the biggest football league in the entire world based on viewership numbers. Due to the league’s popularity, clubs part of it have been able to land some lucrative sponsorship deals from various type of companies, including those from the digital asset sector. Two clubs in particular have prominent sponsorships with crypto firms: Manchester City and Tottenham Hotspurs. In both cases, the deal includes the showcase of the partner’s logo on the team’s kit sleeves. The FCA noted that deals with unauthorized firms can expose clubs to legal liability, money laundering risks, and serious reputational damage. “Unauthorized” in this context refers to companies that aren’t present on the regulator’s Firm Checker tool. Lucy Castledine, the FCA director of consumer investments, said: Millions of football fans trust their club’s badge. Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans. Spurs’ sponsorship is with the American crypto exchange Kraken , which shows up on the Firm Checker tool via its parent firm Payward. City’s partner, OKX , however, comes up as “unauthorized” when performing a search. The Manchester-based team has potentially already received contact from the regulator, as it said in the announcement, “Where the FCA has already identified concerns, it has spoken directly to the club.” The FCA has also warned football fans regarding this, advising them to check these crypto financial services being advertised through club sponsorships before using them. Castledine noted: A logo on a shirt means one thing: that firm paid for it. Fans should always check the firm using our Firm Checker tool before buying a financial product and help us show the red card to those that would risk your money. Bitcoin Has Faced A Steep Decline Recently The month of June so far has been a terrible time for Bitcoin as its price has gone through a notable drawdown, hitting as low as $65,500. The latest drop in Bitcoin has arrived alongside selling from key holders with balance in the 10 to 10,000 BTC range, according to data from on-chain analytics firm Santiment .

4 Jun 2026, 04:05

Polymarket Levels Industrial Espionage Accusations at Rival Kalshi

BitcoinWorld Polymarket Levels Industrial Espionage Accusations at Rival Kalshi Decentralized prediction market Polymarket has formally accused its competitor Kalshi of industrial espionage, alleging that the rival firm gained unauthorized access to its product development plans and marketing strategies. The accusations, first reported by the New York Post, have intensified a long-simmering rivalry between two of the most prominent players in the regulated prediction market space. Allegations of Stolen Plans and Rapid Copycat Launches Polymarket claims that Kalshi repeatedly launched products and promotional events that closely mirrored its own, often within days of Polymarket’s internal announcements. Specific examples cited include a free grocery event and the launch of a perpetual futures trading product, both introduced by Kalshi in February shortly after Polymarket had finalized its own versions internally. Polymarket has stated it is conducting an internal investigation to determine how its confidential information may have been obtained. Office Proximity Raises Questions The dispute has taken on an additional layer of intrigue due to the physical proximity of the two companies. Polymarket’s headquarters are located in New York City’s SoHo neighborhood. Across the street, the venture capital firm Paradigm, which is a major investor in Kalshi, maintains its own office space. Sources familiar with the matter have suggested the possibility of physical surveillance, though no concrete evidence of such activity has been presented publicly. Paradigm has not commented on the specific allegations regarding its office location. Kalshi Denies All Allegations Kalshi has issued a firm denial of the accusations, dismissing them as unfounded and delusional. The company has not provided further details on its defense, but has emphasized that it operates independently and develops its products through its own research and market analysis. The denial sets the stage for a potentially protracted legal or public relations battle between the two firms. Implications for the Prediction Market Industry This dispute highlights the increasingly competitive and high-stakes nature of the prediction market sector, which has grown rapidly in the wake of high-profile election cycles and regulatory shifts. Both Polymarket and Kalshi operate in a space that blends finance, technology, and public policy, and accusations of industrial espionage could attract scrutiny from regulators. The outcome of Polymarket’s internal investigation, and any subsequent legal action, could have lasting effects on how competing firms in the sector protect their intellectual property and trade secrets. Conclusion The allegations between Polymarket and Kalshi represent a significant escalation in the rivalry between two leading prediction market platforms. While Polymarket has raised serious concerns about corporate espionage and potential surveillance, Kalshi has categorically rejected the claims. As the investigation unfolds, the broader industry will be watching closely for any evidence that could substantiate the accusations or lead to formal legal proceedings. FAQs Q1: What exactly is Polymarket accusing Kalshi of? Polymarket accuses Kalshi of industrial espionage, alleging that Kalshi obtained confidential information about its product launch schedules and marketing strategies, allowing Kalshi to release similar products shortly afterward. Q2: What specific products are mentioned in the allegations? Polymarket points to a free grocery event and a perpetual futures trading product, both launched by Kalshi in February, which Polymarket claims were developed based on stolen internal plans. Q3: Has Kalshi responded to the accusations? Yes, Kalshi has completely denied the allegations, describing them as delusional and maintaining that it develops its products independently. This post Polymarket Levels Industrial Espionage Accusations at Rival Kalshi first appeared on BitcoinWorld .