Cryptonews

Today, this fickle mistress, Hyperliquid, has cast aside the burdensome chain of the $20 resistance. What was once an impregnable fortress — manned by dour bears and the stuffy ghosts of past sellers — is now a chaise longue for bullish revelers to stretch their legs upon. Should the carpet beneath their feet hold, some say the price may yet waltz toward $29. How the peasants shall marvel!

Jeff Merkley (who smells of Oregon pine) and Chuck Schumer (who, it’s rumored, sweats optimism through his spectacles) have flung the grand End Crypto Corruption Act of 2025 onto the legislative stage with all the grace of a bear slipped on ice. One can only imagine the czarist nostalgia trembling in the air: no president, vice president, cabinet appointee, senator, or freshly-minted nephew shall line their pockets with cryptographic gold or memes—no, not even Dogecoin.

Bitcoin ( BTC) smashed through the $100K barrier once again this Thursday, thanks to net cumulative inflows for spot BTC exchange-traded funds (ETFs) hitting a cool $40.72 billion. The last time this happened in February, the flow was similarly impressive, just shy of $40 billion.

Picture this: some poor sap checks their wallet on May 7, sees Jupiter (the biggest DEX aggregator on Solana, or so it likes to tell its parents), and gasps. Did they gain nearly 12%? Yes, they did. Is their net worth still nothing to brag about at family dinners? Also yes. Jupiter hit $0.4622, which is impressive if you ignore it was once worth so much more—I’m talking 44% more, which Jupiter elegantly let slip away, like a cat coughing up a hairball made of dollar bills.

When the people wander the wasteland under the banner of ideas, Bitcoin climbs upward—a beast of numbers and hope, staring mockingly at the $100,000 gate. Only yesterday it was crawling near $75,000, a pauper—now, reborn as a near-king, its price laughs in the face of gravity. The shift? Some say it was the mighty Trump waving talk of “major trade deals,” or maybe the Federal Reserve, noble guardians of stale air, refusing to stir the waters at 4.25%-4.50%. Oh, the mighty gestures! The crowd cheers, but the ground remains the same.

In case you missed it—like that one relative who didn’t show up to Thanksgiving dinner—Space and Time (courtesy of MakeInfinite Labs and Microsoft’s ever-expanding empire) just dropped its permissionless mainnet on May 8. This new blockchain lets developers access ZK-proof data, which is like having your cake and eating it too, but without the crumbs of security risk. 🎂

CoinSwitch is, of course, building trust… one mind-blowing report at a time.

Here are the key insights from the latest Proof of Reserves (PoR)—a real leap forward in transparency, if you will, for user confidence. Oh, and by the way, here’s the full report too –

Look, Su Zhu is fresh off the Three Arrows Capital (3AC) disaster express, with a quick pit stop in prison, and now Ox.fun’s playing “Surprise! Here’s FIVE BILLION more tokens!” Yeah…that inspires a lot of trust. Oh, but wait, there’s more to the story. There’s always more. 🙄

Apparently, according to some crypto wizardry (CryptoQuant), a bunch of people are back on the Bitcoin train. Long-term holders, short-term holders… everyone’s “regaining confidence.” Yeah, because nothing says confidence like pouring money into a digital coin you lost the password to in 2013. 🙄

Indeed, such numbers would make even Mr. Darcy’s estate appear quaint.