Anthropic · OpenAI · SpaceX · Apple · Bitcoin · Michael Saylor · Decrypt
Morning Minute: HYPE Climbs to ATH as SPCX Takes Off
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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Morning Minute is a daily newsletter written by Tyler Warner.
Key facts
- With Nasdaq closed, the after-hours price discovery for the year’s biggest IPO has been running on Hyperliquid’s 24/7 SPCX perp, which did about $1.1 billion in volume and climbed roughly 23%
- Strategy bought another 1,587 BTC for about $100 million last week, at an average of $63,024
- Combined crypto exchange volume (CEX volume) fell 3.45% in May to $4.41 trillion, the lowest since September 2024 and the fourth straight monthly decline, Data
- At the same time, it grew its USD Reserve by $100 million to $1.1 billion, the second straight week it has rebuilt that cash cushion
Summary
Crypto majors continue rally with HYPE leading the way; BTC at $66.4k. HYPE hits new ATH at $76.50 after SPCX sees after-market price discovery and $1.1B in volume. Ventuals shuts down shop on Hyperliquid, removes Anthropic and OpenAI perps. Saylor buys another $100M in BTC, raises another $100M in cash in 2nd week of 50/50 deployment.