Crypto due diligence has changed: three questions advisors should revisit

In today’s newsletter, Beth Haddock reviews the three due diligence questions advisors should be asking in 2026: how client cash is managed, how regulatory assumptions should be disclosed and how to manage liability when AI executes crypto trades. Then, in “Ask an Expert,” Aaron Brogan reviews the GENIUS Act implementation timeline, how things will change…

Arthur Hayes Dumps HYPE, NEAR Holdings Ahead of ‘Mega’ AI IPOs

BitMEX co-founder Arthur Hayes said he dumped his Hyperliquid (HYPE) and Near Protocol (NEAR) token holdings, reversing course after previously assigning aggressive upside targets to both assets. Hayes cited higher energy prices due to the ongoing Middle East conflict, three forthcoming “mega AI IPOs” by the third quarter of 2026 and predictions that US President…

Bitcoin is Back at the 200-Week Moving Average After Nearly Three Years

Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next. Key points: Bitcoin revisits its 200-week simple moving average after trading above it since October 2023. The trend line functioned as resistance throughout the 2022 bear-market bottom and rebound. Bitcoin’s daily RSI…

FG Nexus Sells 10,000 ETH as Treasury Losses Top $100M

A wallet tagged by Arkham to the publicly listed Ethereum treasury company FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position in 2025. The latest transfer equates to roughly $17.8 million at current prices and comes after earlier disposals that saw the…

US Democrats Push for FTC Investigation Into Prediction Markets

Nine Democratic lawmakers in the US House of Representatives have called on the Federal Trade Commission to launch a probe into how prediction markets are advertising to customers compared to how they present themselves to regulators. In a statement on Wednesday, US Representatives Kevin Mullin and Gabe Vasquez said the FTC should investigate whether online…

Maelstrom Predicts Worldcoin Token Surge to $5

Arthur Hayes’ investment firm Maelstrom said Worldcoin could surge to as high as $5 per token over the next few months, with WLD acting as a crypto proxy for the AI boom. “The AI mega IPOs are coming — and it appears the market has overlooked one of the cleanest proxies,” said Maelstrom researcher Lukas…

Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K

Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush. BTC price may rebound toward $70,000 next BTC fell to roughly $61,300 on Thursday before recovering 5.52% to around…

Bitmine Launches $300M Preferred Stock Offering for Ethereum

Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook.  Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within…

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and XRP products joined the redemption wave. Hyperliquid’s spot HYPE ETF was the only major crypto fund still…

CFTC Scraps ‘No-Deny’ Rule in Legal Settlements

The US Commodity Futures Trading Commission has rescinded a long-standing policy that prevented it from accepting a lawsuit settlement if the defendant denied the agency’s allegations. The CFTC said on Wednesday that it scrapped the policy, first adopted in 1998, because it “may have created an incorrect impression that the Commission is trying to shield…