Crypto majors slip as cooling Bitcoin ETF flows leave them lagging a nine-week S&P 500 rally, with HYPE the lone large-cap gainer
Coindesk •
Revision history
3 recorded changes
Want your article here?
Promote with Leviathan NewsBTC dropped 2.6% to $73,445 and ETH fell 2.5% to $2,011 this week while the S&P 500 booked its ninth straight weekly gain — the longest streak since 2023 — and Brent stabilized near $92 on US-Iran ceasefire hopes. Spot Bitcoin ETF inflows cooled sharply, taking out the macro bid that normally would have lifted crypto alongside equities. HYPE was the only large-cap winner, ripping 19.4% to $65 after ICE CEO Jeff Sprecher publicly called Hyperliquid "bigger than NASDAQ." The ceasefire still needs Trump's signature and his demands exceed Iran's public position, so the whole macro setup is one headline away from unwinding.
TLDR by @Benthic
More on S&P
Hedgebook maps S&P 500 risks to Kalshi Prediction Markets. Ziminsky, a former fintech founder, sees it as a move toward complete markets where every risk has a tradable price on a regulated U.S. platform. Feedback praised its sleek design and hedging potential, though some questioned liquidity for real-world scale.
𝕏/@lzminsky ·
Base launches tokenized S&P 500 exposure via Centrifuge, enabling 24/7 onchain equity trading as Coinbase backs deRWA framework to bridge institutional assets with DeFi liquidity
𝕏/@base ·
S&P Dow Jones tokenizes iBoxx Treasury index on Goldman-backed Canton Network via Kaiko
CoinTelegraph ·
JPMorgan notes Hyperliquid gaining traction as traders seek 24/7 oil trading. The S&P 500 Perpetual hits $100M volume in first day.
The Block ·
S&P Dow Jones licenses the S&P 500 to crypto exchange Hyperliquid for the first 24/7 perpetual futures on the index, highlighting Wall Street’s push to tokenize traditional assets on blockchain
WSJ ·
Citrini models 2028 intelligence crisis, projecting 38% S&P drawdown as agentic AI deployment structurally impairs $13T mortgage market
Citriniresearch ·
Hedgebook maps S&P 500 risks to Kalshi Prediction Markets. Ziminsky, a former fintech founder, sees it as a move toward complete markets where every risk has a tradable price on a regulated U.S. platform. Feedback praised its sleek design and hedging potential, though some questioned liquidity for real-world scale.
𝕏/@lzminsky ·
Base launches tokenized S&P 500 exposure via Centrifuge, enabling 24/7 onchain equity trading as Coinbase backs deRWA framework to bridge institutional assets with DeFi liquidity
𝕏/@base ·
S&P Dow Jones tokenizes iBoxx Treasury index on Goldman-backed Canton Network via Kaiko
CoinTelegraph ·
JPMorgan notes Hyperliquid gaining traction as traders seek 24/7 oil trading. The S&P 500 Perpetual hits $100M volume in first day.
The Block ·
S&P Dow Jones licenses the S&P 500 to crypto exchange Hyperliquid for the first 24/7 perpetual futures on the index, highlighting Wall Street’s push to tokenize traditional assets on blockchain
WSJ ·
Citrini models 2028 intelligence crisis, projecting 38% S&P drawdown as agentic AI deployment structurally impairs $13T mortgage market
Citriniresearch ·