2h ago
Hyperion profit more than triples to $31M as HYPE treasury rises to $133M
Hyperion posted a second consecutive record quarter, with second-quarter net income of $31 million, sharply higher than the prior quarter. Adjusted EBITDA rose to $53.7 million from $19.5 million. The company’s HYPE token holdings increased in value from $71 million to $132.6 million as the token price climbed from $36.60 to $65, ending the quarter with 2.04 million HYPE. Treasury gains totaled $54.8 million and operating expenses fell 21% to $2.3 million, while the stock is trading at $2.69.
HYPE
HYPE+3.60%
2h ago
1d ago
Bitcoin Holds Near $65,200 as CLARITY Act Misses Senate Deadline; Week Ends Up 3.7%
The CLARITY Act did not pass before the Senate’s deadline, but bitcoin still rose 3.7% for the week ended Aug. 7. U.S. spot bitcoin ETFs recorded net inflows of $853.54 million that week, though year-to-date net outflows remain around $4.5 billion. Bitcoin steadied around $65,200 even as the market absorbed a crypto hack and rising yields. During the earlier run from $75,000 to the October 2025 record high of $126,000, ETF weekly inflows topped $1 billion for multiple consecutive weeks.
BTC
BTC-0.31%
1d ago
1d ago
Strive keeps SATA preferred dividend at 13%, raising risk it may sell Bitcoin to fund cash payouts
Strive has maintained the variable dividend rate on its SATA perpetual preferred shares at 13%, implying about $101.8 million in annualized dividends based on the June 30 share count. The company reported $154.9 million of cash and cash equivalents as of Aug. 7, leaving limited cash-only coverage at that dividend run rate. If cash needs persist, Strive could be pressured to sell Bitcoin to close a funding gap. Any dividend-rate change or Bitcoin sale remains conditional and has not been finalized.
BTC
BTC-0.31%
1d ago
1d ago
Bitcoin, Ether ETFs draw $1.08B in a week, best since April, while BTC rises 0.26% and ETH gains 0.35%
During Aug 3-7, BTC ETFs posted $847.0M of net inflows and ETH ETFs took in $229.7M, lifting combined inflows to $1.08B, the strongest weekly showing since April. Price reaction was limited, with BTC up 0.26% and ETH up 0.35%. After five consecutive inflow sessions, BTC saw a $91.0M outflow on Monday, while ETH remained positive with an additional $5.3M inflow. On-chain data show BTC spot CVD at $142.8M and futures CVD at $1.61B, alongside long-term holders distributing 14,526 BTC (about $929M), while ETH spot CVD was -$63.1M and futures CVD was +$717.1M.
BTC
BTC-0.31%
1d ago
1d ago
ZEC/BTC Breaks a Nine-Year Downtrend, Consolidates at 0.007904 BTC
The total crypto market cap edged up 0.31% to $2.21 trillion this week, while Bitcoin traded in a tight $64,730–$65,193 range. The ZEC/BTC pair broke a nine-year downtrend and is consolidating at 0.007904 BTC, well above its 200-period simple moving average of 0.002567 BTC. Digital Currency Group founder Barry Silbert said sustained inflows could lift Zcash’s market cap toward 10% of Bitcoin’s, or roughly $130 billion. Bitcoin failed twice to clear $65,400, with support near $62,300.
BTC
BTC-0.31%
1d ago
1d ago
U.S. spot Bitcoin ETFs draw $853.5 million in weekly inflows through Aug. 7, led by BlackRock’s $693 million
U.S. spot Bitcoin ETFs took in about $853.5 million in net inflows in the week through Aug. 7, the largest weekly intake since mid-April. BlackRock’s IBIT contributed $693 million and Fidelity’s FBTC added about $116 million. Ethereum ETFs attracted nearly $245 million over the same period, lifting combined inflows for the two categories to roughly $1.1 billion. After months of net selling, Bitcoin ETFs were about $4.5 billion net outflow year-to-date and saw more than $8 billion of heavy outflows over eight weeks earlier in the summer, before the recent run of daily net inflows reversed the slide.
BTC
BTC-0.31%
1d ago