Joseph Lubin: Hyperliquid drives the online world of finance

Lending deposits have decreased from a peak of $125 billion in October 2025 to approximately $60 billion currently. （Cointelegraph）

According to Santiment data, during the market crash from May to early June, the 30 day MVRV indicators of Bitcoin, Ethereum, Cardano, XRP, and Chainlink all fell into the loss zone, with Cardano dropping to -18% (strong buying zone). The chart shows that these assets have started to rebound after entering the buying zone. （Santiment）

The US Department of Justice has announced that Saif Faiq has pleaded guilty to conspiracy charges in a Bitcoin related kidnapping and extortion case, facing a maximum of 20 years in prison with a sentencing date of August 28th. In 2024, Faiq and his brother Adam Iza planned to kidnap the parents of cryptocurrency millionaire Veer Chetal, Sushil and Radhika Chetal, and recruited six Florida men to carry out an operation in Connecticut, during which they kidnapped the Lamborghini Urus and briefly detained the victims. Veer Chetal has pleaded guilty to stealing approximately 4100 bitcoins. Faiq and his brothers admitted to conspiring to disrupt commercial activities through robbery.

According to Bernstein analysts, the cumulative net outflow of Bitcoin spot ETFs in 2026 is $2.6 billion, but the long-term argument for Bitcoin as a value storage asset remains unchanged. Since the beginning of this year, the combined net inflow of ETFs and corporate treasury has been approximately $12 billion (approximately $60 billion in 2025), with corporate treasury being the main driving force. Glassnode data shows that 61% of Bitcoin supply has been idle for over a year. Strategy raised $7.5 billion through STRC preferred stock products to acquire approximately 100000 bitcoins, and its $53 billion bitcoin position can cover over 30 times STRC's annual cash dividend of $1.2 billion. Analysts added that capital is shifting towards infrastructure related to the tokenization of real-world assets (RWA), with significant growth in trading volume of tokenized stocks and commodities on platforms such as Hyperliquid.

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged until June is 98.1%, and the probability of cutting interest rates by 25 basis points is 1.9%. The probability of keeping interest rates unchanged until July is 84.7%, the probability of raising interest rates by 25 basis points is 13.6%, and the probability of lowering interest rates by 25 basis points is 1.6%.