Jamie Dimon · Apple · Bitcoin · CLARITY Act · Decrypt
Morning Minute: HYPE Climbs as CFTC Gives Perps Green Light
Compiled by KHAO Editorial — aggregated from 1 source + 1 reference discovered via search. See llms.txt for citation guidance.
★ Tier-1 Source
Morning Minute is a daily newsletter written by Tyler Warner.
Key facts
- The bill cleared committee 15-9 with bipartisan support on May 14
- Meanwhile, Hyperliquid jumped 30%+ from its Thursday lows to make a smashing new all-time high at $73.50
- This marks the largest single crypto seizure from a hostile state actor since the DOJ seized 94,000 BTC from the Bitfinex hack in 2022
- Markets reacted immediately, as Coinbase gained 4% and Robinhood 11% on Friday after the approval
Summary
Crypto majors continue to bleed, fall 6% on the week; BTC at $72,500. HYPE soars 17% to new ATH after CFTC gives perps the green light in US, approves Kalshi’s product. KNTQ jumps 55% on the week in the wake of HYPE’s move. Jamie Dimon calls Brian Armstrong “full of shit” as Clarity Act battle wages on.