HYPE spot ETFs have seen 14 consecutive days of net inflows, absorbing nearly 1% of HYPE's market cap—outpacing debut performances of BTC, ETH, and SOL ETFs. Hyperliquid's protocol revenue and Assistance Fund provide additional buyback support. Institutions like a16z and Galaxy Digital are accumulating aggressively, while PURR's potential inclusion in the Russell 3000 further strengthens buying expectations.

Coinbase and Better Home & Finance are teaming up to let qualified borrowers use Bitcoin and USDC as collateral for home loan down payments, launching this summer.

Coinbase and Better Home & Finance will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments starting this summer.

June started with a heavy institutional sell-off, pushing Bitcoin to $66,500 and Ethereum below $1,900, while derivatives liquidations topped $1.7 billion. HYPE and ZEC bucked the trend with independent strength.

According to Odaily, Onchain Lens data shows a whale closed a HYPE long at a loss of $2.047M, then opened a 682 BTC short with 40x leverage, now facing over $680K in unrealized losses.

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Strategy's unrealized loss on Bitcoin holdings has surpassed $11 billion, with Michael Saylor attributing the pressure on BTC to ETF outflows and AI infrastructure spending.