Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal

Data shows the Bitcoin Coinbase Premium Gap has plunged into the red zone alongside the latest drop in the BTC spot price below the $80,000 level. Bitcoin Has Retraced Some Of Its Recent Price Recovery Bitcoin saw recovery surges above $82,000 on Sunday and Monday, but these spikes failed to set the tone for the week as BTC has since followed a downward trajectory. This decline observed an acceleration on Wednesday, with the cryptocurrency’s price even briefly sinking below $79,000. Related Reading: Dogecoin TD Sequential Flashes Sell Signal: Price Correction Ahead? Below is a chart that shows the price action that Bitcoin has experienced recently. As is visible in the graph, Bitcoin has made some recovery from its low, as its price is now floating around $79,600, but compared to the Sunday high, it remains down about 3.3%. Now, what was the cause behind the drop? The data of the Coinbase Premium Gap may provide some hints. BTC Coinbase Premium Gap Has Turned Negative Recently As point

Global crypto adoption could accelerate as US regulatory clarity sets a precedent, influencing G20 nations to align their frameworks. The post Coinbase CEO predicts global Bitcoin legalization after US market structure passage appeared first on Crypto Briefing.

The post Bitcoin Trading at a ‘Discount’ on Coinbase: Is a Move to $76K Next for BTC? appeared on BitcoinEthereumNews.com. Key takeaways: The Coinbase Bitcoin discount likely stems from stablecoin outflows rather than actual institutional sell pressure. Strategy continues buying Bitcoin as the market holds firm despite minor price differences across exchanges. Bitcoin (BTC) showed resilience on Thursday by successfully defending the $79,000 level. However, some traders worry that upside momentum is stalling as Bitcoin on Coinbase trades at a discount relative to stablecoin pairs on international exchanges. Coinbase discount likely driven by stablecoin outflows While the indicator is often debated, it potentially suggests a lack of institutional buying demand, though the situation is likely more complex. BTC/USD at Coinbase vs. BTC/USDT at major exchanges. Source: TradingView & Cointelegraph BTC/USD on Coinbase has maintained a 0.03% discount against Binance, OKX, and Bybit over the pas

The post Coinbase stock surges 8% as CLARITY Act advances appeared on BitcoinEthereumNews.com. Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. Summary Bitcoin hit $82,000 following the committee vote before retreating to $81,500, up 2.5% on the day. Strategy climbed 7% and Bitmine advanced 5.6%, with broader crypto equity gains extending to Nasdaq and S&P 500 record highs. The bill still requires a full Senate vote with a 60-vote threshold and reconciliation with a House-passed version before it can reach the White House. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with support from two Democratic senators providing the bipartisan margin that moves the bill toward the full Senate. Coinbase CEO Brian Armstrong had backed the current version of the bill ahead of the vote, calling it “closer than ever” to becoming law and describing the stablecoin yield compromise as

The post Blockchain.com rolls out crypto backed loans for Bitcoin, Ethereum, and USDC holders appeared on BitcoinEthereumNews.com. Blockchain.com launched Crypto Backed Loans globally, allowing users to borrow against their digital assets without selling them. The product lets clients use Bitcoin, Ethereum, and USDC as collateral to access liquidity for large expenses, including property purchases, business investments, tax planning, and other financial needs. Blockchain.com said loan rates start as low as 1.9% per year, positioning the offer among the more competitive products in the crypto lending market. The launch expands Blockchain.com’s consumer and wealth business and comes as the crypto-backed lending market has surpassed more than $70 billion. The company said the product is available globally and is designed for large crypto holders seeking competitive pricing, higher borrowing capacity, and a premium client experience. CEO and founder Peter Smith said crypto-backed lending h

The post HashKey Exchange Lists Hyperliquid (HYPE) for Professional Investors appeared on BitcoinEthereumNews.com. Professional investors in Hong Kong now have a regulated route into Hyperliquid’s on-chain perpetual futures market. HashKey Exchange, the licensed platform operated by HashKey Holdings (3887.HK), added Hyperliquid’s native token HYPE on May 14 and immediately began offering over-the-counter (OTC) trading for the token to its professional client base. The move, detailed in the original report, places a high-throughput trading asset inside a compliance framework that many institutions prefer over unregulated offshore venues. Hyperliquid is a Layer 1 blockchain purpose-built for on-chain order book perpetual futures and spot trading. HYPE itself pays for transaction fees and grants holders protocol governance rights. Regulated Access to a Derivatives-First Network The listing fits a pattern: regulated exchanges are quietly building bridges to derivative-heavy protocols that

Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with…

Crypto exchange Coinbase (COIN) made a major move for the Hyperliquid (HYPE) ecosystem on Thursday, outlining how it plans to deepen support for Circle’s USDC stablecoin on the platform.  In a blog post, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid, treating USDC as an Aligned […]