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Superform (UP) has nearly doubled in price over the past 24 hours, reaching $0.2448 and pushing its market cap to approximately $46.7 million.

The token appeared in CoinGecko's trending list on May 13, 2026, sitting at rank 531 by market capitalization.

What Superform Does

Superform is a cross-chain yield aggregator built on Ethereum (ETH). It lets users deposit assets across multiple DeFi protocols from a single interface.

Rather than manually bridging funds and interacting with individual lending markets, users route capital through Superform's router contracts.

The protocol pulls yield data from connected vaults and routes deposits to the best available option.

The project operates across several EVM-compatible chains. Its UP token is used for governance and protocol incentives. The token's market rank of 531 places it in the mid-tier of the broader token landscape by capitalization.

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Why the Price Moved

No official announcement from the Superform team was linked to today's move in available signals.

The CoinGecko data shows a 99.5 percent price increase in USD terms over 24 hours, with $18.3 million in trading volume recorded in that period. Volume-to-market-cap ratio came in above 39 percent, indicating elevated speculative activity relative to the token's size.

Moves of this scale on low-to-mid cap tokens frequently follow listing events, liquidity additions, or social media amplification. None of those triggers were confirmed by primary sources at the time of writing. The price action alone is what placed UP in CoinGecko's trending feed.

Tokens in the $40-100 million market cap range often experience outsized percentage moves when fresh liquidity enters. The relatively thin order books at this capitalization level allow smaller buy volumes to shift price significantly.

Also Read: Rare Bitcoin Signal That Preceded 90% Rally In 2023 Just Returned

Background

Superform launched its mainnet product in late 2023, originally on Ethereum. The protocol received early backing from venture investors and positioned itself against other yield aggregators like Yearn Finance and Beefy Finance.

Over 2024 and into 2025, the team expanded chain support to include Arbitrum (ARB) and Optimism (OP), broadening its addressable liquidity base.

The UP token was introduced as part of the protocol's governance expansion. It was designed to give holders a vote on vault whitelisting and fee parameters. Like many mid-cap governance tokens, UP saw subdued trading volume through most of early 2026 before today's spike.

Yield aggregators as a category have experienced renewed interest in 2026. As broader DeFi total value locked recovered across major chains, protocols that abstract multi-chain complexity have attracted fresh capital. Superform's positioning in that segment likely contributed to speculative interest in its token.

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What to Watch

The key question for UP is whether today's volume sustains. At $18.3 million in 24-hour volume against a $46.7 million market cap, the token is trading at an unusually high turnover ratio. If buyers do not continue accumulating, price reversions in this range can be sharp.

Superform has not published a roadmap update or partnership announcement visible in public channels as of this report. Traders monitoring UP should watch for any protocol-level announcement that could anchor the price gain. Without a fundamental catalyst, tokens at this capitalization level often retrace a large share of momentum-driven gains within 48-72 hours.

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Bitcoin (BTC) is testing a resistance band near $82,500 that analysts say could decide whether the recent rally extends or unravels into a deeper pullback.

Martinez Flags BTC Resistance

Market watcher Ali Martinez argued in a recent analysis published by NewsBTC that the 200-day simple moving average near $82,500 stands as the critical barrier for the current move. He pointed to three straight sessions of failed attempts to reclaim that level.

A clean break above the band could open a path toward $94,000, Martinez said. A rejection would likely send price back to the 50-day SMA around $75,000.

Miner behavior has also shifted, with the group trimming more than 3,400 BTC accumulated from the $72,000 range over the past month, a flow that adds fresh supply above the market.

Retail and futures traders, by contrast, are leaning long. Martinez said the Estimated Leverage Ratio sits at a yearly high, with liquidation walls clustered at $75,000, $73,000, and $70,000.

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Rekt Capital Warns On Bear Trend

Analyst Rekt Capital offered a wider read in a Tuesday video. He suggested Bitcoin may fail at the same band and drift to fresh lows over the coming months.

He pointed to BTC's breakdown from a macro triangle base near $82,500, which has pushed price into a retest of the 50-month exponential moving average.

In past cycles, that retest has produced a brief bounce before price loses the level and rolls into the bear market bottom. Rekt Capital said the current rebound has already played out, and his read is that follow-through will likely be capped.

The 50-month EMA roughly aligns with the 2021 all-time high, a zone that flipped to support during the early 2024 rally and helped fuel the run to the cycle peak above $126,000 in October 2025.

BTC Price Context

Bitcoin briefly crossed $80,000 on May 9 and has spent the week capped below $82,000, according to CoinDesk and Blockchain Reporter data. April CPI printed at 3.8% year over year, pushing rate cut expectations into 2027 and adding a macro layer to the technical ceiling.

Spot ETF flows have helped cushion price, with BlackRock's IBIT booking $269 million in a single recent session, while Strategy has continued buying as well, holding 818,334 BTC at an average cost near $75,537.

BTC sits roughly 35% below its October 2025 peak. Whether $82,500 holds or breaks now stands as the cleanest near-term tell on which side wins.

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Retail traders are pushing beyond crypto, with Bitget's 2026 user survey showing 52% now hold equities and 51% lean on AI tools for investment decisions.

Bitget Survey Findings

Bitget, which markets itself as a Universal Exchange, published its User Asset Allocation Report 2026 on Wednesday. The report draws on platform trading data and responses from more than 6,000 users worldwide.

Bitcoin (BTC) and other tokens still anchor activity, with 86% of respondents holding crypto.

Crypto accounted for almost all trading volume in early January before settling into a 60% to 80% range by March as users branched out.

Gold and other traditional assets climbed from near zero to between 20% and 40% of activity over the quarter, the largest jump Bitget has recorded for non-crypto products. Equities sit alongside crypto in 52% of portfolios, while 35% of users hold precious metals.

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Macro Trading Shift

Gracy Chen, Bitget's chief executive, said retail behavior is shifting toward macro signals rather than single-asset bets. "Users are moving capital across asset classes based on liquidity, volatility, and market access, and they increasingly expect one platform to support that efficiently," she said.

Regional patterns diverge. In East Asia, 60% of users cited avoiding currency conversion as a reason to settle in USDT, while 78% of Latin American respondents pointed to inflation hedging.

Southeast Asian traders, by contrast, ranked leverage access highest at 46%.

High-net-worth users averaged 13% returns in 2025, and 74% said they plan to broaden exposure across crypto, equities, and commodities this year. Bitget has rolled out AI products including GetAgent, GetClaw, and Agent Hub, pitching them as tools to parse earnings, commodity moves, and on-chain data.

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Sui (SUI) traded at $1.26 on May 13, 2026, down 1.67% over the prior 24 hours.

The token ranked 23rd by market cap on the platform and appeared in the top 15 of the global trending list. Daily volume reached $790.5 million. Market cap stood at $5.05 billion.

Volume and Rank Context

SUI's $790.5 million in daily volume against a $5.05 billion market cap yields a volume-to-market cap ratio near 15.65%. That ratio is substantially higher than Bitcoin (BTC)'s sub-2% figure in the same window and higher than Solana (SOL)'s 5.65%. Elevated ratios in a mid-large-cap asset reflect active trading interest from both retail and institutional participants. A 1.67% price decline in that environment suggests sellers and buyers were roughly matched, with neither side dominating the session.

The market cap rank of 23 places SUI inside the top 25 cryptocurrencies by that metric. At $5.05 billion, the token holds a valuation that puts it ahead of several established Layer 1 networks.

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Background

Sui is a Layer 1 blockchain developed by Mysten Labs, a company founded in 2021 by former members of Meta's Diem blockchain project. The network uses the Move programming language, originally developed for Diem, as its primary smart contract environment.

Sui's mainnet launched in May 2023. The network's design prioritizes parallel transaction processing, which allows independent transactions to execute simultaneously rather than sequentially. That architecture targets gaming, DeFi, and consumer applications requiring high throughput.

SUI's market cap grew steadily through 2024 and into 2026 as the network attracted DeFi protocols and NFT platforms. The token has consistently appeared in CoinGecko trending lists during periods of broader market activity, reflecting sustained developer and trader engagement with the ecosystem.

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DeFi and Ecosystem Position

Sui's DeFi ecosystem includes decentralized exchanges, lending platforms, and liquid staking products.

The network competes directly with Solana and Aptos (APT) for developer attention in the Move language ecosystem. Aptos shares the same foundational language, and both networks have pursued similar application categories.

Sui's advantage within that competition has centered on its object-centric data model. That model allows smart contracts to manage digital assets as distinct objects with explicit ownership records, rather than entries in a shared global state. The approach is particularly suited to gaming applications where individual item ownership matters. Several gaming projects announced Sui as a target chain in 2025, contributing to the network's activity metrics.

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Competitive Dynamics in Layer 1 Markets

The Layer 1 landscape in May 2026 shows a pattern of sustained competition across four to five major networks. Bitcoin holds the top market cap by a large margin.

Ethereum (ETH) remains the dominant smart contract platform by total value locked. Solana, Sui, and a handful of others compete for the third tier by DeFi activity and developer share.

SUI's position in that third tier at a $5.05 billion market cap reflects real adoption without yet reaching the scale of the top two networks. The $790.5 million daily volume figure suggests active market participation. For context, Solana posted $3.11 billion in the same window at a market cap roughly 11 times larger. SUI's higher volume-to-market cap ratio may indicate greater speculative activity relative to its size.

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What to Watch

The $1.26 price level on May 13 sits below the $2 threshold that SUI approached at prior peaks in 2025. Whether the network can return to those levels depends on continued DeFi growth, new application launches, and broader market conditions.

No specific catalysts were available in this scan window's raw signals. The trending rank on CoinGecko suggests the community remains active and watchlist engagement is high.

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NEAR (NEAR) gained roughly 10.4% against the US dollar over the past 24 hours, trading near $1.68 on May 13, 2026.

The move placed NEAR among the stronger performers in the CoinGecko trending list during the scan window.

Price and Volume

NEAR's market cap reached approximately $2.18 billion, placing it 44th across all CoinGecko-tracked assets. Daily trading volume came in at $393.7 million.

The volume-to-market-cap ratio of roughly 18% was elevated, suggesting active rotation into the token.

Gains against major pairs were broad-based, with NEAR up around 10.7% against Solana (SOL) and up approximately 10.7% against Ethereum (ETH) on a 24-hour basis per CoinGecko data.

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What NEAR Protocol Is

NEAR Protocol is a layer-1 blockchain that positions itself as infrastructure for AI applications.

The network uses a sharded architecture designed to deliver high throughput and low transaction fees. Its core differentiators include a system called Intents, which lets users specify goals rather than transaction steps, and a Chain Abstraction layer that routes operations across multiple blockchains without exposing complexity to the end user.

The protocol also maintains a focus on what it describes as user-owned AI, meaning on-chain agents that are designed to act in the interest of the wallet holder rather than a platform. These features have made NEAR a recurring talking point in discussions about AI-native decentralized applications.

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Background

NEAR Protocol launched its mainnet in October 2020 after a founding team that included former Google engineers and competitive programmers.

The NEAR Foundation, based in Switzerland, has funded ecosystem development through multiple grant programs. NEAR traded above $20 during the 2021 bull market peak before declining sharply in 2022 alongside the broader sector.

The protocol introduced its Chain Abstraction vision in 2023 and began active developer outreach around AI agent use cases in 2024.

By early 2025, the foundation had announced several integrations with AI infrastructure providers, which helped maintain developer community activity even as token prices remained well below prior peaks. NEAR's current price near $1.68 remains far below its all-time high but represents meaningful recovery from lows near $1 seen in late 2024.

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The AI Narrative Tailwind

Crypto sector interest in AI-related blockchains has persisted through 2026. Several layer-1 protocols have added AI-adjacent branding or tooling, but NEAR has emphasized this positioning for longer than most.

The 10% gain in this window followed a similar trending appearance in the prior scan period six hours earlier, per the cooldown records. That suggests sustained buying rather than a one-session event. Injective (INJ), which also gained around 10% in the same window, is another DeFi-focused layer-1 that has benefited from similar rotational interest in non-EVM smart contract platforms.

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Watching the $2B Floor

NEAR's $2.18 billion market cap sits near a psychologically important level. Prior attempts to sustain above $2 billion in 2025 were reversed within days.

A close above this level at week's end would be the first since mid-2025 by most market observers' reckoning. Volume above $300 million per day for three consecutive days would provide the clearest confirmation that demand is structural rather than speculative. No specific protocol announcement or partnership drove this move per available data in the scan window.

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Sam Altman took the stand Tuesday in Oakland, defending OpenAI against Elon Musk's claim he "stole a charity," while admitting an indirect equity stake.

Altman Recounts Musk's Exit

Altman testified for roughly four hours at the federal courthouse in Oakland, California, where Musk's 2024 lawsuit accuses him and OpenAI president Greg Brockman of betraying the company's nonprofit charter, NBC News reported.

Musk is asking the court to unwind OpenAI's for-profit conversion. Fortune reported the company is now valued at $852 billion.

Under direct questioning, Altman said Musk "demotivated" key researchers by ranking them and firing those at the bottom.

He called Musk's 2018 departure from the board a "morale boost" for staff.

Altman also recounted what he called a "hair-raising moment" when Musk mused that OpenAI might pass to his children if he died.

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Molo Targets Altman Credibility

Musk's lawyer, Steven Molo, opened cross-examination with one question: "Are you completely trustworthy?" Altman replied that he believed he was a truthful person.

Legal observers say the credibility frame matters because Musk needs the jury to see Altman as self-dealing rather than mission-driven.

A ruling for Musk could scramble OpenAI's planned IPO later this year, with more than $130 billion at stake for the nonprofit arm.

Piedmont Exedra noted that Molo challenged Altman's 2023 Senate Judiciary Committee testimony, in which Altman said he had no equity in OpenAI but did not disclose an indirect stake held through another entity in which he was invested. That admission landed as the day's most consequential exchange.

The disclosure gap matters because House Oversight Committee Republicans recently launched a probe into Altman's financial dealings.

Trial Wraps Toward Verdict

OpenAI co-founder Ilya Sutskever, Microsoft chief Satya Nadella, and board chair Bret Taylor all appeared earlier in the proceedings. Altman concluded his testimony Tuesday and walked out of the courtroom behind Brockman.

Closing arguments are set for Thursday, with jury deliberations expected to follow. Judge Yvonne Gonzalez Rogers is presiding.

OpenAI's legal team has argued throughout the trial that Musk is targeting a competitor after launching xAI in 2023, citing once-private texts that show Musk supported a for-profit structure before falling out with the founders. Musk donated $38 million to OpenAI in its earliest years, court testimony confirmed.

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Zcash (ZEC) climbed roughly 5.1% over the past 24 hours to trade near $584.58 on May 13, 2026.

The move pushed ZEC into CoinGecko's trending list and lifted its market cap to approximately $9.76 billion.

Price and Volume Data

ZEC ranked 14th by market cap across all cryptocurrencies on CoinGecko as of the scan window. Twenty-four-hour trading volume reached $719 million. Volume relative to market cap came in at roughly 7.4%, a figure consistent with moderate speculative activity rather than a single large catalyst. The CoinGecko sparkline showed a steady upward curve through the past day.

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What Zcash Does

Zcash is a privacy-focused cryptocurrency that launched in October 2016. It was developed by the Electric Coin Company and built on research from cryptographers at Johns Hopkins University.

The protocol uses a cryptographic method called zk-SNARKs, which stands for zero-knowledge succinct non-interactive arguments of knowledge.

Shielded Zcash transactions conceal the sender address, receiver address, and transaction amount on-chain.

Users may also choose transparent transactions that behave similarly to Bitcoin (BTC). This dual-mode design has made ZEC a long-standing fixture in discussions about financial privacy on public blockchains.

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Background

Privacy coins have faced regulatory pressure since at least 2020. Several centralized exchanges in Europe and Japan removed ZEC and similar assets following guidance from local financial regulators. Despite the delistings, Zcash's on-chain developer activity continued.

The Zcash Foundation and Electric Coin Company completed a protocol upgrade called NU5 in May 2022, which introduced a new proving system called Orchard and replaced the older Sapling shielded pool. That upgrade reduced transaction sizes and improved mobile wallet performance. In 2023, the Electric Coin Company cut staff significantly amid a prolonged crypto bear market but maintained core protocol development. ZEC traded below $30 for much of late 2023 and early 2024.

The current price near $584 represents a substantial recovery from those lows.

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Privacy Coin Context in 2026

The broader privacy coin sector has seen renewed interest through early 2026. Firo (FIRO), a smaller privacy asset, re-entered CoinGecko trending earlier in the same scan period with a 15% gain.

Analysts have pointed to rising mainstream awareness of on-chain data surveillance as a factor in periodic privacy coin rallies.

Zcash's market cap rank of 14th is its strongest position in several years.

The $9.76 billion figure also places it well ahead of smaller privacy rivals such as Monero (XMR)'s recent comparable figures, though direct comparison shifts with daily prices.

ZEC's gain of 5.1% in USD terms was modest relative to some trending tokens, but its size and liquidity make the move more durable than moves in lower-cap assets.

What Comes Next

No specific protocol upgrade or exchange listing announcement accompanied this rally. The move appeared to track broad CoinGecko trending momentum rather than a single news event.

ZEC's next scheduled network activity includes continued development on the Zcash Shielded Labs initiative, which aims to diversify protocol funding beyond the Electric Coin Company. Traders watching ZEC will likely focus on whether volume sustains above $500 million per day, which would confirm continued speculative interest rather than a one-session spike.

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Binance said its artificial intelligence security stack prevented more than $10.5 billion in potential user losses across 15 months as crypto fraud accelerates.

Binance AI Stack Details

The world's largest crypto exchange disclosed the figure in a Monday blog post. It covers the period from the start of 2025 through the first quarter of 2026, protecting more than 5.4 million users worldwide.

Binance said its systems intercepted 22.9 million scam and phishing attempts in the most recent quarter alone, safeguarding roughly $1.98 billion in user funds.

The exchange has deployed more than 24 AI initiatives and over 100 machine learning models by late 2025. Those tools now power 57% of fraud controls.

The systems contributed to a 60% to 70% drop in card fraud rates against industry benchmarks. Computer vision flags fake payment proofs, while real-time language analysis catches scam patterns in peer-to-peer transactions.

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Chainalysis Fraud Estimates

Binance Research previously estimated that AI is currently twice as effective at exploitation as at detection. The firm also warned that AI-enabled scams are 4.5 times more profitable than traditional ones.

Smart contract exploits now cost attackers as little as $1.22 to deploy, the company said. Advanced models hit a 72.2% success rate in attack scenarios.

Roughly 76% of AI-driven scams fall within the highest tier for scale and severity. Attackers lean on deepfakes, voice cloning, and impersonation across messaging platforms.

Chainalysis has pegged total crypto-related fraud at $17 billion in 2025, a 30% rise from the prior year.

Recovery And Compliance Track Record

Binance said it helped recover $12.8 million across 48,000 cases in 2025, marking a 41% year-over-year increase. The exchange also assisted in confiscating $131 million in illicit funds and processed more than 71,000 law enforcement requests.

The exchange's surveillance systems have drawn fresh scrutiny in recent months. Reports surfaced that Binance fired several employees in retaliation for flagging transfers to sanctioned Iran-linked entities, allegations the company has denied.

Binance also recently rolled out a withdrawal lockdown feature aimed at curbing the rise of physical attacks on crypto holders. Security firm CertiK warned earlier this year that so-called wrench attacks are on pace to surpass record levels seen in 2025, with family members of holders increasingly targeted.

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Ethereum (ETH) slid back to $2,256 after rejecting near $2,320, leaving traders eyeing the $2,250 support as the next defining test.

ETH Price Action Below $2,300

The second-largest cryptocurrency tumbled through the $2,300 and $2,280 levels in early Wednesday trading, mirroring weakness in Bitcoin (BTC).

The move carved out a fresh swing low at $2,256, with price now consolidating just above that mark. ETH had earlier failed to hold ground above $2,320, triggering the downside correction.

Charts compiled by Traders Union pegged the asset within a $2,250 to $2,400 band, with the 200-day simple moving average sitting near $2,656, well above current spot.

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Trend Line Caps Recovery Attempts

A bearish trend line has formed on the hourly ETH/USD chart, with resistance pinned at $2,300. Price is also trading below the 100-hourly simple moving average, reinforcing near-term seller control.

The hourly MACD is losing momentum in bearish territory, while the hourly RSI has crept back above the 50 zone. Immediate resistance now sits near $2,320, the 50% Fibonacci retracement of the drop from the $2,382 swing high to the $2,256 low.

A clean break above $2,335 could open a path toward $2,375, with $2,420 the next major hurdle. Jindal said a confirmed move beyond $2,375 might invite fresh gains in the coming sessions.

Downside Risk If $2,250 Cracks

If buyers fail to defend the $2,250 zone, the next major support sits at $2,200, followed by $2,150 and the $2,120 region.

CoinCodex analysts described overall sentiment as bearish, citing 23 bearish signals against just five bullish ones in their indicator panel.

Ether has had a choppy May. The asset opened the month near $2,350, briefly touched $2,400 on whale accumulation, then rolled over as macro selling resumed. April closed with ETH down 22.8% year-to-date after a $500 million deleveraging event broke an ascending trend line, and the recovery since has failed to reclaim the 200-day moving average.

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BlackRock has filed for two tokenized money-market funds aimed at stablecoin holders, choosing Ethereum (ETH) over the XRP Ledger as its primary venue.

BlackRock Files Two Tokenized Funds

The world's largest asset manager submitted the paperwork to the U.S. Securities and Exchange Commission on May 8, Bloomberg first reported.

The first product is a digital share class tied to the roughly $6.1 billion BlackRock Select Treasury Based Liquidity Fund, known as BSTBL.

Those tokenized shares will trade on Ethereum alongside the traditional share classes. The fund invests in cash, U.S. Treasury bills, notes and similar instruments maturing within 93 days.

The second vehicle is the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, or BRSRV, a newly created tokenized fund targeting investors who hold cash in stablecoins rather than bank accounts.

BRSRV will launch across multiple blockchains, though the filing does not specify whether the XRP Ledger is among them.

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XRP Ledger Sidelined Again

The filings extend BlackRock's onchain footprint, which already includes the BUIDL fund. BUIDL has grown to about $2.5 billion in assets and runs on several networks, with Ethereum holding the bulk of the supply.

Despite that reach, BlackRock has not extended BUIDL to the XRP Ledger, even as Ripple's stablecoin RLUSD serves as an off-ramp for the fund.

Bloomberg analyst James Seyffart has argued that BlackRock is unlikely to file a standalone XRP (XRP) ETF soon.

He sees an active crypto index fund as the more probable next step, which could include XRP alongside other assets.

XRPL Tokenization Still Climbs

The XRP Ledger has nonetheless posted sharp growth in tokenized value. RWA.xyz data shows the network's real-world asset value is up roughly 47% over the past 30 days to about $3.5 billion. Ethereum's tokenized real-world asset value sits at $16.8 billion, down 4% in the same period.

Trading activity on the ledger has also climbed.

Tokenized U.S. Treasury volume has crossed $352 million this year, up nearly fivefold from $70 million last year.

The broader tokenization market has expanded about 410% since 2025 to roughly $31 billion in total value, according to RWA.xyz. BlackRock has been a central force in that shift, and Chief Executive Larry Fink has repeatedly said every financial asset will eventually move onchain.

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Cardano (ADA) has gained about 6% over the past week, with one analyst now targeting a near 1,000% move to $2.91.

ADA Pattern Mirrors 2021

ADA traded near $0.27 on Tuesday, holding a market capitalization above $10 billion, according to figures compiled by CryptoPotato.

The token briefly approached $0.30 earlier in May, its highest level since mid-March, before easing back into its recent range.

Popular X analyst Javon Marks said ADA continues to mirror the structure it carved out in 2021. He set a price target of $2.91, framing the asset as showing fresh signs of strength.

That projection implies a roughly tenfold gain from current levels. Marks has argued the chart pattern matches the base that preceded ADA's last major bull run.

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Analysts Stack Bullish Targets

Trader Sssebi argued that ADA has been consolidating much like it did in late 2024, a stretch later followed by a push above $1.30. The analyst still sees a move above $1 in play this year.

Vuori Trading went further. The analyst called ADA a strong buy and projected a longer-term jump as high as $14, sometime between the third quarter of 2027 and the first quarter of 2028.

Ali Martinez has flagged $0.25 as a critical inflection zone for the token. He pointed to past defenses of that level, including an 88% bounce in January 2023 and a 243% surge later that year.

ADA's RSI reading has slid to 22, deep in oversold territory. Analysts often associate readings below 30 with potential reversal setups.

ADA Range And Recent Action

ADA has traded inside a roughly $0.25 to $0.30 band for much of the spring. Support near $0.25 has held repeatedly, while the $0.30 ceiling has so far rejected each attempt to break out.

The 6% weekly gain ranks among ADA's stronger runs in recent weeks. The token sits well off its September 2021 cycle highs and has spent most of 2026 grinding through a long base, the kind of stretch analysts like Marks are now flagging as a setup rather than a slump.

Binance Chief Marketing Officer Rachel Conlan will leave the world's largest crypto exchange on Jun. 15, with former Trust Wallet CEO Eowyn Chen taking over on an interim basis.

Binance CMO Departure

The exchange confirmed the move on May 12. Conlan will stay on as an adviser to support the transition.

She joined Binance in June 2023 as VP of Global Marketing and was elevated to CMO that September. During her run, the user base climbed from 150 million to more than 300 million, the company said.

Binance called Conlan "a force" who helped position the exchange as an industry leader.

Conlan said serving as CMO had been "the privilege of my career," thanking co-CEO Yi He, fellow co-CEO Richard Teng and the wider leadership team.

She added that she was leaving on warm terms after about three years in the top marketing seat, citing personal priorities. The company said it was deeply grateful for her contributions.

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Eowyn Chen Returns

Chen returns to Binance after running Trust Wallet since 2022. She previously built Binance's central marketing team and led its growth function before moving to the self-custody wallet.

Industry watchers say her marketing background and Binance roots make her a logical bridge during the search for a permanent CMO.

In a recent interview, Chen described her Binance stint as "a turning point" focused on inclusive, user-centered growth.

The leadership change lands as Binance manages a heavier regulatory load. Bloomberg reported in Apr. that chief compliance officer Noah Perlman is in exit talks. Several senior compliance staff have already left, according to PYMNTS.

Recent Executive Shuffle

Binance restructured its top ranks in December 2025, when co-founder Yi He returned to operations as co-CEO alongside Teng. The dual model splits regulatory oversight from product and growth.

The exchange crossed 300 million users at year-end 2025, then reported 317 million in its statement on Conlan's departure. Public campaigns during her tenure featured Cristiano Ronaldo, The Weeknd and Alpine Formula 1, building on partnerships she inherited and expanded after her promotion.

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Saga (SAGA) posted a 76% gain in the 24 hours to May 12, 2026, placing it among the most active tokens on CoinGecko's trending list. Trading volume reached $365.5M against a market cap of just $17.3M, a ratio that approaches 21 to 1.

What the Volume Ratio Tells Traders

A volume-to-market-cap ratio above 1 is considered high activity. Saga's ratio of roughly 21 to 1 is extreme by any standard. It means the token's entire circulating supply changed hands more than twenty times over in a single day. That level of turnover typically accompanies short-term speculation rather than structural accumulation. Prices can reverse sharply once speculative interest fades.

Traders watching this token should treat the volume spike as a signal of volatility, not necessarily of sustained demand.

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What Is Saga?

Saga is a Cosmos ecosystem project focused on what it calls "chainlets." Each chainlet is a dedicated, application-specific blockchain that developers can spin up on demand.

The model targets gaming studios and other consumer app developers who want the control of their own chain without the overhead of bootstrapping a full validator set. Saga's architecture draws on Cosmos's Inter-Blockchain Communication protocol to connect chainlets to a wider network of liquidity and users. The native SAGA token is used for staking, governance, and paying for chainlet provisioning fees.

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Background

Saga launched its mainnet in April 2024 after a period of testnet activity that drew attention from gaming-focused Web3 developers.

The token debuted on several centralized exchanges shortly after mainnet, where it experienced sharp early volatility before settling into lower trading ranges through late 2024 and into 2025.

The project received backing from prominent Cosmos-aligned venture investors during its fundraising rounds. By mid-2025, Saga had begun publishing throughput benchmarks for its chainlet architecture, citing sub-second finality for application chains running in its environment.

The token spent much of the period between its launch and this week's spike trading well below its initial exchange listing price. Prior to today's move, SAGA carried a market cap under $20M, reflecting the broad altcoin drawdown that affected Cosmos-ecosystem tokens through late 2025 and early 2026.

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Risk Factors at Current Levels

The token's rank of 981 by market cap on CoinGecko reflects thin liquidity under normal conditions. A $17.3M market cap means that even modest buy pressure in absolute dollar terms can drive large percentage moves. The same dynamic works in reverse.

Investors entering at elevated prices after a 76% single-day move face significant drawdown risk if volume subsides. No protocol upgrade, partnership announcement, or exchange listing has been confirmed as a catalyst for this move at the time of this scan. The surge appears driven by momentum trading rather than a specific on-chain or corporate event.

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Bitcoin (BTC) is testing its 200-day moving average near $82,500 as a rare on-chain golden cross hints at a possible trend reversal after months of pressure.

Golden Cross Returns to Bitcoin

A bullish crossover is forming between Bitcoin's Market Value to Realized Value ratio and its 200-day exponential moving average, CryptoQuant analyst CW8900 flagged over the weekend.

The analyst called the pending cross "a representative trend reversal signal and is a bullish indicator," according to Cointelegraph. It would be the first such crossover since 2023.

Bitcoin is currently changing hands near $80,860 after briefly tagging $82,000 on Sunday before sellers stepped in. The 200-day moving average has rejected price on each approach over the past two weeks.

A clean break above $82,500 would invalidate the multi-month downtrend, while a rejection could send Bitcoin sliding back toward $50,000, analysts warn.

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What Analysts Are Saying

History gives the signal weight. The previous MVRV golden cross, formed shortly after the November 2022 cycle bottom, preceded a 90% rally from $16,300 to $31,000 in early 2023.

A second crossover in September 2023 was followed by a roughly 400% advance that carried Bitcoin to its all-time high of $126,000 in October 2025.

Analyst Shib Spain noted that Bitcoin recently broke above a multi-month downtrend line on the weekly chart, a move reinforced by a bullish MACD crossover. Another trader known as Moustache pointed to the monthly RSI bouncing off long-term support, writing that "prices will go much, much higher."

Glassnode data adds another layer. The short-term holder cost basis shows a heated band at $92,000 and an overheated band at $104,000, leaving room before the market reaches historically stretched territory.

Bitcoin's Recent Price Path

The MVRV reading lands during a turbulent stretch. Bitcoin opened May at $78,178 before climbing through the first half of the month, with Monday's open of $82,164 marking the strongest start to a session since late January.

The token then retreated below $81,000 after Donald Trump said a ceasefire with Iran was on "massive life support," prompting investors to trim risk exposure.

Going back further, Bitcoin set its all-time high of $126,000 in October 2025 before sliding through the winter and bottoming in the high $60,000s. Jerome Powell's outgoing Fed term and a fresh CPI print this week sit alongside the chart setup as fresh tests of the recovery.

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The artificial intelligence boom may be reviving one of the market’s most troubled industrial sectors as demand for AI infrastructure begins absorbing the same supply chains originally built for electric vehicles.

That is the central argument in a new Citrini Research semiconductor note published Tuesday, which suggests the next phase of the AI trade is rapidly shifting beyond GPUs and into power semiconductors, analog chips, capacitors, and industrial electrical infrastructure.

According to the report, the first phase of the AI rally was relatively straightforward. Investors concentrated on companies directly tied to AI compute expansion such as GPU manufacturers, memory firms, and optical networking providers.

Now the bottlenecks are moving deeper into the physical infrastructure layer required to power AI datacenters.

“The AI capex buildout is simply inheriting the EV buildout supply chain,” the note stated, referencing Nvidia’s 2025 discussion around 800V rack architecture technology originally developed for electric vehicles and solar systems.

AI Infrastructure Is Moving Into The Power Layer

Citrini argued that Wall Street still underestimates how much electricity management and power stability infrastructure AI systems require.

The report said AI datacenters increasingly depend on advanced power quality systems designed to handle voltage fluctuations, harmonics, transients, and large-scale energy conversion.

That shift is driving renewed demand for analog semiconductors and industrial electrical components that had previously suffered from slowing EV demand, Chinese competition, and post-pandemic oversupply.

Companies tied to these systems have already started outperforming as investors recognize tightening supply conditions tied to AI infrastructure growth.

The report specifically highlighted Texas Instruments, NXP Semiconductors, Murata Manufacturing, Vishay Intertechnology, and Samsung Electro-Mechanics among the companies benefiting from the shift.

Unlike previous semiconductor cycles, however, many manufacturers are not aggressively adding capacity after being burned by earlier inventory gluts and weak automotive demand.

Instead, suppliers are allowing prices to rise while maintaining disciplined expansion plans.

The EV Slowdown Accidentally Built AI’s Backbone

One of the report’s most forward-looking conclusions is that years of investment into EV infrastructure may have unintentionally prepared the industrial base for the AI economy.

The same systems developed for electric vehicles and renewable energy are now becoming critical for hyperscale AI datacenters.

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That includes high-voltage power architecture, thermal systems, industrial semiconductors, advanced capacitors, and energy conversion equipment.

Citrini described this dynamic as a form of “Supply Chain Inheritance,” where AI infrastructure spending effectively absorbs manufacturing ecosystems originally scaled for EV demand.

The report suggested that AI may now become the unexpected growth engine for sectors previously viewed as structurally challenged.

New Bottlenecks Are Emerging Across AI Hardware

The report also warned that shortages are beginning to emerge in areas of the semiconductor supply chain that remain largely ignored by mainstream investors.

One of the biggest concerns is a growing shortage of multilayer ceramic capacitors, or MLCCs, which are essential for maintaining electrical stability inside AI hardware systems.

Citrini argued that many market forecasts still underestimate how quickly AI demand could overwhelm existing supply chains because analysts remain too focused on weak automotive and industrial demand trends.

The report described the current environment as “Post-Traumatic Supply Disorder,” where manufacturers remain reluctant to significantly expand production capacity despite rapidly rising AI infrastructure demand.

Agentic AI Could Reshape The Semiconductor Industry

Citrini’s research implies that the AI infrastructure trade is evolving from a pure compute story into a full industrial systems story.

As agentic AI systems expand globally, electricity management, power conversion, cooling systems, and industrial semiconductor capacity may become just as strategically important as GPUs themselves.

That could create an entirely new class of AI winners beyond the companies that dominated the first phase of the AI rally.

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Google says it disrupted a criminal hacking group's bid to weaponize a zero-day flaw built with help from an AI model, the first such case on record.

Google Stops AI-Crafted 2FA Bypass

The Google Threat Intelligence Group, known as GTIG, disclosed the intervention Monday in its latest AI Threat Tracker report.

Researchers found the flaw inside a Python script designed to bypass two-factor authentication on a popular open-source, web-based system administration tool.

Google declined to name the affected vendor or the threat actor.

GTIG said it worked with the vendor to patch the flaw and notified law enforcement before any mass exploitation could begin.

The team flagged telltale traces of machine authorship in the code, including a hallucinated CVSS severity score, educational docstrings, and a textbook Pythonic format consistent with large language model training data. Google added that it has high confidence an AI model assisted the discovery and weaponization, though it does not believe its own Gemini was involved.

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Experts Warn AI Hacking Era Is Here

John Hultquist, chief analyst at GTIG, called the case tangible evidence of a long-warned threat.

"It's here," Hultquist told reporters. The era of AI-driven vulnerability exploitation has already begun, he added, with visible cases pointing to many more out in the wild.

Security analysts say the flaw type matters as much as the tool used to find it.

The bug was a semantic logic error, a hardcoded trust assumption that traditional fuzzers and static scanners are poorly equipped to catch, but that frontier models can reason through.

Google also documented state-linked groups expanding AI use across the attack chain. North Korea's APT45 has been sending thousands of repetitive prompts to recursively analyze vulnerabilities, while a China-linked actor used a persona-driven jailbreak to push Gemini into researching firmware flaws.

Daybreak And Glasswing Lead Defender Push

The same week Google's findings went public, OpenAI launched Daybreak, a cybersecurity initiative pairing GPT-5.5 and Codex Security to help defenders find and patch flaws.

Daybreak runs on a tiered access system. Verified defenders can use GPT-5.5 with Trusted Access for Cyber, while a more permissive GPT-5.5-Cyber variant covers red teaming and controlled validation.

Sam Altman said OpenAI wants to work with as many companies as possible to continuously secure their software.

Daybreak enters a market already shaped by Anthropic's Project Glasswing, which uses Claude Mythos Preview to scan partner codebases for severe flaws. Apple, Microsoft, Google, Amazon, and JPMorgan Chase have signed on. The competing programs reflect a broader bet that frontier models can tip the balance toward defenders, even as attackers race to do the same.

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Zcash (ZEC) appeared on CoinGecko's trending list on May 12, 2026, as the broader privacy coin sector drew renewed attention from traders.

ZEC was trading near $554.19 at the time of writing, with 24-hour trading volume reaching $742M.

What the Numbers Show

ZEC's market cap stood at approximately $9.25B, placing it at rank 16 on CoinGecko. The 24-hour price change was modest, down roughly 2.9% in dollar terms.

That decline was smaller than many altcoins saw over the same period.

Volume relative to market cap was high, suggesting active trader participation rather than passive holding.

The $742M in daily volume represents a meaningful proportion of ZEC's total market cap. That ratio often attracts short-term attention on trending lists.

How Zcash Works

Zcash is a privacy coin that uses zero-knowledge proofs to allow fully encrypted transactions.

Specifically, Zcash uses a cryptographic system called zk-SNARKs.

This system lets a sender prove a transaction is valid without revealing the amount or the parties involved. Users can choose between transparent addresses, which function similarly to Bitcoin, and shielded addresses, which use the zk-SNARK system.

The shielded option provides the strongest privacy guarantee currently available in a production blockchain.

Background

Zcash launched in October 2016. The Electric Coin Company built the protocol and continues to lead its development. Privacy coins as a category faced sustained regulatory pressure from roughly 2020 onward.

Several exchanges in Japan, South Korea, and Australia delisted ZEC and comparable assets under pressure from local financial regulators.

That pressure reduced retail access in some markets. Despite those delistings, ZEC remained listed on major global venues.

In early 2025, the Electric Coin Company announced a transition to a new proof-of-stake mechanism as part of the Zcash 2.0 roadmap. That announcement renewed developer community discussion around the token's long-term direction. Privacy coins covered by Yellow in recent weeks include Firo and Zano, both of which appeared on (see prior Yellow coverage) as ZEC this week.

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The Regulatory Backdrop

Regulatory attention on privacy-preserving cryptocurrencies has not softened significantly in 2026. The Financial Action Task Force maintains guidance that classifies anonymous transaction features as higher-risk.

US regulators have not imposed a blanket ban on privacy coins, but enforcement actions related to mixers and privacy tools have increased.

The Treasury Department's 2024 action against Tornado Cash established a legal precedent that mixing services can be sanctioned.

Some analysts view shielded Zcash transactions as distinct from mixing, since the privacy is built into the base protocol.

That distinction has not yet been tested formally in US courts. For now, ZEC remains listed on major US-compliant exchanges, including Coinbase.

Coinbase has historically defended its ZEC listing on the basis that the privacy feature is optional, not mandatory.

Why Traders Are Watching Now

Privacy coins have moved in clusters this week. Firo and Zano both appeared on CoinGecko's trending list alongside ZEC.

That clustering often reflects a shared narrative trade rather than individual token catalysts. Traders rotating out of larger-cap assets sometimes move into thematic groups.

Privacy is one established theme in crypto.

ZEC's relatively large market cap and long track record give it a liquidity profile that smaller privacy coins lack. The $742M in 24-hour volume is large enough to absorb significant position sizes.

That makes ZEC a more practical vehicle for traders who want privacy coin exposure without illiquidity risk. Whether this trend continues depends on broader market conditions.

Bitcoin was flat to slightly down over the same 24-hour window, suggesting the privacy coin movement was sector-specific rather than a broad market rally.

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Own. App and Ghost Gaming Open Live Leaderboard to Pick Next Creator at DreamHack

Own. App and Ghost Gaming said the four-week recruitment contest will pick its winner live at DreamHack Atlanta 2026, based on real-time audience engagement.

Leaderboard Recruitment Contest

The Ghost Gaming Recruitment Challenge resets to zero every Sunday, a mechanic the companies call "Fresh Shot." It is designed to strip out follower-count advantages.

Creators join by downloading Own. App, following Ghost Gaming and submitting entries under the Ghost Gaming category. Weekly prompts run across X, Instagram, TikTok and Discord under the tag #GHOSTRC.

Ghost Gaming, an Atlanta-based esports organization with an audience of more than 30 million, will pick a winner after the leaderboard closes May 15. The announcement is set for the Ghost Gaming Creator Summit during DreamHack Atlanta, May 15-17.

The contest is open to creators in gaming, lifestyle, beauty, fashion, comedy and music. Own. App says more than 1,000 creators have joined the platform through its Ghost Gaming partnership so far.

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Zaitsev, Harris on Verified Attention

Katia Zaitsev, co-founder and chief operating officer of Own. App, said the platform measures engagement from real users in real time. She framed the contest as an early version of sponsored leaderboards the company plans to roll out.

"Attention is the most contested resource online, and almost none of it is verified," Zaitsev said.

Todd Harris, chief executive of Resurgens Gaming and Ghost Gaming, said the format inverts traditional scouting by letting fans decide.

Own. App is also a sponsor of the Creator Summit, where Zaitsev is scheduled to speak on a panel with executives from YouTube and other platforms. The companies will host a Creator House across the weekend for creators, fans and partners.

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Saudi Arabia is moving aggressively to position itself at the center of tokenized finance and AI infrastructure as global financial systems race toward programmable money, according to Faisal Monai, founder of Saudi Arabia’s payments network SADAD.

In an interview with Yellow.com, Monai described a future where stablecoins, tokenized assets, and AI-driven infrastructure converge into a new financial operating system that moves faster than traditional banking rails.

“Money does not move as fast as the data does,” Monai said, arguing that global payment systems remain structurally inefficient despite the internet era.

Monai said those inefficiencies helped create demand for stablecoins and blockchain-based settlement systems capable of moving value instantly across borders. He pointed to recent U.S. stablecoin legislation and expanding tokenization frameworks as signals that regulators are beginning to adapt to digital financial infrastructure rather than resist it.

Saudi Arabia Accelerates Tokenization Infrastructure

Monai said Saudi Arabia’s centralized regulatory structure has allowed the country to move significantly faster than many Western jurisdictions in deploying tokenized financial products.

He revealed that regulators helped transform a tokenization concept into a licensed and regulated service in just nine months through a phased rollout approach.

“We don’t have to wait until everything is solved,” Monai said. “We can present a good solid product today and work on the rest.”

According to Monai, Saudi Arabia has already acknowledged tokenization at the regulatory level and is now working toward broader market infrastructure including secondary markets and stablecoin integration.

He contrasted that pace with the fragmented U.S. financial system, where competing state and federal oversight often slows adoption.

At the same time, Monai stressed that Saudi Arabia’s strategy is not about bypassing Western financial systems but integrating with them.

“We are not avoiding Western banking intermediaries,” he said. “We are actually integrating with Western banking.”

He added that the company already works with U.S. and European banking institutions while expanding tokenized asset infrastructure into multiple jurisdictions.

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AI Compute Power Emerges As A Strategic Asset

Beyond tokenization, Monai argued that computing power itself may become one of the world’s most important future asset classes as AI demand accelerates globally.

Referencing comments from BlackRock CEO Larry Fink, Monai said the global shortage of compute infrastructure could reshape geopolitics and financial markets over the next decade.

“Today there’s a huge shortage in the computing power and as the demand for AI grows in the world, the gap will be even wider,” he said.

He argued that Saudi Arabia’s energy advantages position the kingdom to become a major global hub for AI data centers and compute infrastructure.

Unlike oil exports, Monai noted that AI infrastructure can scale globally through communications networks without requiring pipelines or physical shipping routes, creating a fundamentally different type of strategic economic leverage.

Stablecoins Become The Missing Layer

Monai described stablecoins as the missing connective layer between tokenized assets and real-world financial activity.

“The beauty of stablecoin is that it is fast, programmable and totally controlled by the regulator,” he said.

He argued that tokenization alone cannot create a functioning digital economy unless programmable settlement infrastructure also exists alongside it.

Monai further said that the next phase of financial infrastructure will depend less on isolated blockchain experiments and more on interoperable systems capable of connecting traditional institutions, tokenized assets, and cross-border liquidity pools into a unified network.

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Asset manager Grayscale Investments has amended its S-1 registration for a proposed Hyperliquid (HYPE) ETF, opening the door for the fund to capture staking rewards if the structure clears U.S. regulatory hurdles.

Grayscale Files Updated S-1

The revised Form S-1 was submitted to the U.S. Securities and Exchange Commission on May 11, 2026. The amendment adds language allowing the trust to collect staking yield generated by HYPE tokens held in the fund.

If approved, the product would list on the Nasdaq under the ticker HYPG.

Grayscale also plans to rename the trust as the Grayscale Hyperliquid Staking ETF once registration becomes effective.

The asset manager conditioned the staking provision on regulatory and tax compliance. Specifically, the structure must continue to qualify as a grantor trust for U.S. federal income tax purposes.

Anchorage Digital Bank N.A. will serve as custodian for the proposed trust. Bank of New York Mellon will act as transfer agent and administrator, while CSC Delaware Trust Company is named as the trustee.

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Why Staking Is The Prize

Hyperliquid runs a decentralized perpetuals trading blockchain, and its native token has emerged as one of the most closely watched altcoins of the past year. An ETF wrapper would offer investors regulated exposure without the need to hold HYPE directly.

The staking feature is the real draw. It would let the fund earn protocol rewards on top of any price movement in the underlying token.

Bitwise and 21Shares have filed competing HYPE ETF products. Bitwise's BHYP is targeting NYSE Arca with a 0.67% annual management fee, while 21Shares plans to list THYP on the Nasdaq with joint custody from Anchorage and BitGo.

HYPE Staking ETF Race

Grayscale registered the Delaware statutory trust for HYPE on Jan. 8 and filed the initial S-1 on Mar. 20. An April 20 amendment swapped Coinbase Custody for Anchorage, a federally chartered crypto bank, in a shift the other issuers also made.

The pattern is broader than HYPE. Since 2025, BlackRock, Bitwise, and Grayscale have rolled out Ethereum and Solana ETFs with staking provisions, distributing validator rewards back to fund holders.

Grayscale Investments serves as the asset management arm of Digital Currency Group and oversees roughly $35 billion in client assets. A HYPE staking ETF would mark the first DeFi-native staking ETF in the U.S. market if the SEC signs off.

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