The crypto old guard is losing some of its biggest believers.

Mark Cuban ditched most of his Bitcoin. A top Ethereum evangelist walked away entirely.

Meanwhile, newer protocols like Hyperliquid are pulling in the capital veterans are leaving behind.

Thursday felt like a generational shift playing out in real time.

Hyperliquid's HYPE blows past $62 as short sellers get wrecked

HYPE surged nearly 20% in 24 hours, triggering over $33M in short liquidations.

Crowded bearish bets backfired as the token hit a new all-time high above $62.

With fresh ETF listings from 21Shares and Bitwise now live on Nasdaq, institutional doors are wide open.

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Markets

Bitcoin's hedge narrative takes another hit as Cuban walks away

Mark Cuban liquidated the majority of his Bitcoin holdings after losing faith in its ability to protect capital during macro shocks.

The billionaire abandoned his long-held "digital gold" thesis. He said Bitcoin fell during recent geopolitical conflicts while traditional gold surged.

While calling Bitcoin a disappointment and dismissing altcoins as garbage, Cuban maintained a favorable view of Ethereum.

BTC held near $77K, ETH sat just above $2,100, and SOL edged higher near $88.

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Bankless co-founder sells all his ETH

David Hoffman, who built his entire brand around Ethereum, has fully exited his position.

The move coincides with Bankless pivoting into what it calls its "second era" of media coverage.

When your loudest advocate heads for the door, the narrative around ETH gets a lot harder to sell.

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On Our Radar

Crypto identity crisis: Traditional brokers are quietly winning over digital asset traders.*

Blockchain’s oldest survivor: Blockchain.com finally ready for public markets after 14 years.

Policy alert: Fed seeks input on "skinny" master accounts for non-banks.

_*sponsored

ICYMI

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