Arthur Hayes Sells $22M in ETH, ENA and UNI Holdings

Altcoin

Arthur Hayes, BitMEX co-founder and chief investment officer of Maelstrom Fund, has closed out his entire directional trading book. The sales covered ETH, ENA, UNI and other altcoins, with the total value at roughly $22.28 million. Hayes says he will stay in cash until he sees an “all clear signal,”…

Cardano Eyes Rally as Dijkstra Testnet Goes Live

Altcoin

Cardano opened its public Dijkstra testnet, letting stake pool operators begin preparing for the Node 11.2 protocol upgrade. ADA traded near $0.216 on Friday, up 0.99% over 24 hours, while the broader crypto market was valued at $2.73 trillion. Technical indicators on ADA’s chart were mixed, with key levels at…

Hyperliquid Policy Center Calls on SEC and CFTC to Align Perp Rules

DeFi

Hyperliquid Policy Center has asked the SEC and CFTC to coordinate how they classify perpetual contracts. The group proposes that a contract’s underlying structure and trading mechanics, not its reference asset, should determine its classification. The request comes as U.S. officials weigh bringing more perpetual trading under domestic oversight. Hyperliquid…

Why the Crypto Market Is Falling Today

Altcoin

Total crypto market capitalization fell to $2.80 trillion, losing nearly $110 billion over 24 hours. Bitcoin extended its 48-hour decline to more than 4%, trading near $81,500 on Friday, while Ethereum and XRP also faced selling pressure. Rising Japanese inflation, a stronger yen, higher oil prices, a tech stock selloff…

Franklin Templeton Gets Nod to List Bitcoin DRIP ETFs on Nasdaq

Bitcoin

Franklin Templeton has cleared Nasdaq listing for two Bitcoin ETFs that reinvest stock dividends into bitcoin exposure. The funds, FBEQ and FIBT, hold 95% in U.S. equities and allocate up to 5% to bitcoin-related instruments, with a 0.09% management fee. The launch comes as Franklin’s existing spot bitcoin ETF, EZBC,…