BITCOIN ETFS FACE RECORD MONTHLY OUTFLOWS
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Bitcoin ETFs are experiencing their largest monthly outflow on record as institutional demand weakens. The outflows come amid questions about financing strategies of major corporate bitcoin holders.
■ MORE FROM THE CRYPTO DESK
Hyperliquid Labs is in advanced talks to launch perpetual futures trading to US customers through Payward, the parent company of crypto exchange Kraken. The move comes weeks after President Trump indicated efforts to bring the offshore platform onshore.
Revolut has entered the stablecoin market with a euro-denominated digital token, joining major banks and payment firms racing to establish digital money solutions. The move reflects growing adoption of stablecoins for cross-border payments and business transactions.
Bitcoin climbed above $80,000 for the first time since mid-May as bullish sentiment returns to the cryptocurrency market. The surge triggered liquidation of billions in leveraged positions.
President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country. The move represents a significant shift toward bringing major offshore cryptocurrency infrastructure under domestic oversight.