Bitcoin fell to $78,600 on May 15 as bond yields surged to a 12 month high, rattling risk markets. Summary Bitcoin fell to $78,600, down roughly 4% from Thursday’s $82,000 high, as bond yields hit their highest since May 2025. The 10-year Treasury yield reached 4.54% while Fed rate hike probability surpassed 44% according to
The launch comes only days after another HYPE ETF, 21Shares’ THYP, started trading, racking up $1.8M on its debut. Asset manager Bitwise is set to launch an exchange-traded fund tracking Hyperliquid’s native HYPE token. The ETF will start trading on May 15 under the ticker BHYP on the New York Stock Exchange (NYSE). Capitalizing
Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Summary The FCA granted Revolut Trading a Variation of Permissions enabling managed investments and principal dealing for the first time. Revolut plans to launch a UK private banking unit this summer with a £500,000 deposit threshold. The
Myanmar’s military published a draft bill on May 14 proposing life in prison for crypto scam operators. Summary Myanmar’s Anti-Online Scam Bill proposes life imprisonment for operating digital currency scam centers. The bill allows the death penalty for individuals using violence, torture or unlawful detention to force victims into scam work. Myanmar’s military-backed parliament is
LAB allegedly used private OTC discounts, influencer deals, and coordinated exchange activity to support price growth, ZachXBT claimed in investigations. Crypto investigator ZachXBT has accused the team behind LAB of using opaque OTC deals, insider-controlled supply, coordinated market-making activity, and hidden unlock structures to drive the token’s recent rise to a nearly $6 billion
CME Group and ICE urged US regulators to scrutinize Hyperliquid for manipulation and sanctions risks on May 15. Summary CME Group and ICE, the NYSE parent, asked the CFTC and Congress to investigate Hyperliquid for manipulation and sanctions risks. Hyperliquid’s HYPE token fell roughly 6%, dropping from above $45 to below $43 following Bloomberg’s report.
## Market Snapshot In the “Next UK Prime Minister in 2026” market, Lucy Powell’s chances are priced at 0.2% YES, while Andy Burnham holds a 43.2% YES. The “Starmer Out Timing” market shows a 26% YES for his removal by June 30, 2026, and a 72.5% YES by the end of the year. ## Key
The $1,071 level was identified as a strong Ethereum buying zone. Ethereum (ETH) has now erased nearly all of the gains it posted earlier this month after facing renewed selling pressure across the market. Its latest weekly sell signal has also raised concerns that another sharp corrective phase, similar to previous declines, could be
XRP Upbit volume surged to $330 million on May 15 after Hana Bank announced a $670 million Dunamu stake. Summary XRP’s Korean won pair led Upbit with over $330 million in 24-hour trading volume, outpacing Bitcoin’s $217 million and Ethereum’s $109 million. South Korea’s Hana Bank agreed to buy a 1 trillion won stake in
## Market Snapshot The market for an “Israel ceasefire extension by May 15” is currently priced at 8.5% YES, down from 26% the previous day. The “Israel x Lebanon diplomatic meeting” market reflects a moderate decrease in likelihood, with the odds of YES falling. ## Key Takeaways – The recent Israeli military action appears to