BSTR co-founder warns weak Bitcoin treasury firms are leverage-dependent and promotion-led
Sean Bill said investors will default to spot Bitcoin ETFs if treasury companies cannot add value beyond holding BTC.
Sean Bill said investors will default to spot Bitcoin ETFs if treasury companies cannot add value beyond holding BTC.
The Treasury secretary tied the seizures to Operation Economic Fury and suggested some owners may not yet know funds are gone.
Hyperliquid’s HYPE jumped 19% on the week after ICE CEO Jeffrey Sprecher called it “bigger than NASDAQ.”
Cory Klippsten also cut his 2026 new-ATH odds to 20%–25% as BTC trades near $73,630.
Eligible US institutions can onboard immediately via a CFTC-regulated FCM pathway, with broader access expected later.
The $72K–$74K support zone and a $77K reclaim level are in focus as liquidations top $200M.
The move signals a U.S. regulatory pathway for crypto perps, but the exchange and contract specs remain undisclosed.
BTC slid to about $72,400 on May 29 as a realized-price “death cross” setup neared confirmation.
CEO Phong Le said Strategy will “likely sell Bitcoin at some point,” even as it targets net BTC accumulation.
The longest withdrawal run since the January 2024 launch coincided with bitcoin lagging AI and semiconductor equities.
Ether slipped under $2,000 while oil jumped, with WTI above $92 and Brent near $98 per barrel.
HTX says the designation targets a separate legal entity and that exchange operations and user funds remain unaffected.
The court also flagged cross-border finance disputes and promised civil-compensation interpretations for insider trading and manipulation.
The Base, Balanced, and Opportunistic funds are designed to be accessed from the same self-custodial trading balance.
The dip buys came as US spot Bitcoin ETFs saw $1.54B of net outflows over six sessions, per Farside data.
US-listed spot Bitcoin ETFs accounted for $1.26B of the $1.43B US outflow, while XRP and Solana ETPs still took in cash.
XRP and SOL ETFs also took in fresh money as HYPE rallied and Hyperliquid posted $13.2M in weekly fees.
SpaceX described a roughly two-year profile beyond the Moon, past Mars, and back to Earth, with a separate lunar flight planned first.
A survey of 1,244 crypto holders found 88% would consider borrowing, but only 14% currently do.
The report also claims the agency dropped at least five crypto probes and cut enforcement actions to two under Trump.