Long-term Bitcoin holders are selling off $2.4 billion in crypto, a sign of capitulation that analysts believe signals the late stages of the bear market. This comes as Bitcoin ETFs see record outflows, diverging from a rising stock market.
Hyperliquid's native token, HYPE, has surged to a record high of over $62, defying the broader cryptocurrency market slump with a 120% year-to-date gain. This rally is attributed to a shift towards an institutional Wall Street platform, strong ETF flows, and a short squeeze.
Galaxy Digital reported a Q1 2026 loss of $216 million ($0.49 per share), beating analyst expectations of $0.59 loss, as weaker crypto prices reduced asset valuations. Revenue held steady at $10.2 billion. The company is pivoting to AI-linked data centers, with Helios campus in Texas expected to start generating revenue in Q2 2026.
