HORYONCrypto Market Intelligence
Bitmine acquired 26,497 ETH, bringing its total holdings to 5.42 million ETH, equivalent to 4.49% of Ethereum's circulating supply. The company said total crypto, cash and other investments amount to $11.6 billion, including 4.72 million staked ETH, $446 million in cash, and stakes in Beast Industries and Eightco.
First open-market purchase of Ethena (ENA) by Coinbase Ventures, paired with partnership to distribute USDe/sUSDe savings products to 100M+ users.
$180M deal adds Bitbuy, Coinsquare, and 300K funded Canadian customers, expanding Robinhood’s footprint into Canada.
Anthropic confidentially filed a draft S-1 with the SEC for a proposed IPO, following another huge funding round.
User-generated prediction markets launch with fee-sharing for creators, already processing $1.7B volume in May with 70K+ active traders.
USD stablecoin targets 60M customers across 500K retail locations, expanding Stellar’s stablecoin rail.
Gnosis Pay faces an active exploit in its delay module, with co-founder Martin Köppelmann vowing to repay those affected.
Babylon’s trustless Bitcoin vaults now live on public testnet with Aave V4, enabling native BTC-backed borrowing without custody or bridging.
Radiant Capital announced that its DAO will begin a gradual wind-down after failing to recover from the October 2024 exploit, secure new financing, or restore growth. The protocol will remain operational for withdrawals, loan repayments, and position management, while development and expansion efforts will cease.
Cardano ecosystem project loses ~16M ADA and other tokens due to a proprietary wallet generation flaw.
OP Stack L2 for onchain software supply chain goes live with Ignition launch on June 4, full B-1 transparency filing published.
EtherFi holders at June 5 snapshot are eligible for SSV rewards, tying DVT infrastructure to restaking liquidity.
The episode argues that PER, the treasury firm behind Hyperliquid, is set up for a GameStop‑style gamma‑squeeze driven by low float, heavy OTM call buying, abundant credit liquidity, and pending U.S. regulatory clearance for Hyperliquid, projecting massive upside.
Robinhood launched an LLM‑based trading assistant that only works for equities, requires a separate account and lacks core features like position queries or crypto, while Public offers a full‑stack API that lets LLMs trade any asset class. Public predicts the market will split between its managed experience, DIY API solutions, and hybrid Claude‑based UIs.
The episode analyzes a potential gamma squeeze in Purr (PER) tied to Hyperliquid’s growth, while diving into privacy (Zama, Zcash), perpetuals (Hyperliquid), and onchain reinsurance (RE Protocol). Near Protocol and institutional flows (JP Morgan, Goldman) are highlighted as key narratives amid Bitcoin’s underperformance.
Dell’s AI‑focused server business has exploded, driving an 80% stock surge this year and a 240% YTD gain, bolstered by strong earnings, new NVIDIA‑powered racks, and high‑profile political hype.
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