Blockchain Bulletin

Daily crypto analysis: ETF flows, market trends, macro & narratives. Just the signal, not the noise.
CMC- @thebbcrypto || Binance Square- @thebbcrypto

[Blockchain Bulletin @thebbcrypto]

$1.66B liquidated in the last 24 hours
Longs took the real hit at $1.41B vs $243M in shorts.
That gap tells you something. Most of the market was positioned for continuation, not a pullback. When the move went the other way, there was no cushion.

Token-wise breakdown:
$BTC: $749.36M (down 5.13%)
$ETH: $383.28M (down 5.71%)
$SOL: $86.05M (down 7.84%)
$ZEC: $41.49M (down 9.43%)
$HYPE: $27.64M (down 5.11%)
$XRP: $24.46M (down 5.86%)
$NEAR: $12.28M (down 18.46%)

ZEC, HYPE, and NEAR, Arthur Hayes' "holy trinity", all in the red on the same day he exited $HYPE and $NEAR.

For context, the largest #liquidation event ever recorded was $19.16B on Oct 10, 2025, triggered by Trump's 100% tariff threat on China.
Today's $1.66B is nowhere near that scale, but the leverage sitting in this market right now deserves attention.

[Blockchain Bulletin @thebbcrypto]

US Spot #ETF net flows as of June 3
$BTC Spot ETF: -$396.60M
$ETH Spot ETF: -$52.94M
$SOL Spot ETF: -$12.74M
$XRP Spot ETF: -$5.34M
$BNB Spot ETF: +$1.21M
$HYPE Spot ETF: +$2.99M

Total outflows: $449.60M
Nearly every major asset saw outflows. BNB and HYPE were the only two in the green.

[Blockchain Bulletin @thebbcrypto]

$NEAR is down 15.91% today, after an absolutely wild run.
Arthur Hayes just dumped his entire $NEAR position, and the chart explains why the timing was sharp.

$NEAR surged over 100% since early May, broke above $3.00, cleared its 200-day moving average, and pushed its weekly RSI above 75, severely overbought territory.

He called $NEAR part of his "holy trinity" trade, helped drive the narrative, and walked out near the top at $2.39.

[Blockchain Bulletin @thebbcrypto]

$HYPE is down ~5.5% to $69 in the last 24 hours, and the timing makes it more interesting than the number itself.

US HYPE Spot ETF pulled in $2.99M in net inflows on June 3. Demand is still showing up.

On the other hand, Arthur Hayes exited his entire $HYPE position this week. His reasoning: AI IPOs are incoming, energy prices are rising, and markets are likely to peak before September.

ETF inflows are coming in while one of crypto's most-watched names is walking out. Two very different signals at the same time. That gap is worth paying attention to.

[Blockchain Bulletin @thebbcrypto]

Arthur Hayes just dumped his entire $HYPE and $NEAR positions.
Here's why it matters 👇
- Iran war + supply restocking = energy prices going up
- 3 big AI IPOs expected before Q3; that's a lot of capital getting pulled toward equities
- He thinks Trump will go anti-AI before the midterms to win votes

His call:
- Markets hit their peak somewhere between now and September
- So he's taking profit now and stepping aside, before his own essay even drops publicly

The essay "Reality Test" drops Tuesday. But the exit already happened on Friday.
By the time you read the explanation, the trade is usually done with #Hayes.

[Blockchain Bulletin @thebbcrypto]

XRP Ledger was upgraded today, and most people scrolled past it.
The v3.1.3 mainnet amendment (fixCleanup3_1_3) went live this morning. No new features. No token launch. Just fixes, and that's exactly what makes it worth paying attention to.
What got patched:
→ Expired NFT offers now auto-clear from the ledger → Bug fixes in vault withdrawals and trust line limits → Accounting fixes in the lending protocol
→ Cleaner permissioned domain handling

Nodes that skipped today's deadline become amendment-blocked, unable to validate, submit transactions, or vote on future upgrades, with a hard cutoff.
And separately, on the same day, the XRPL Foundation published a new draft standard for AMM v2, proposing StableSwap and Concentrated Liquidity pool curves to improve capital efficiency for stablecoins, FX markets, and RWAs on the XRPL DEX. Still a proposal, not live yet.
One upgrade cleans the foundation. Another is being designed on top of it.
That's how serious financial infrastructure gets built, quietly, sequentially, on schedule.

[Blockchain Bulletin @thebbcrypto]

Spot ETF flows just flashed red across the board.
On May 26, nearly $370M left crypto #ETFs in a single day.
The breakdown:
$BTC Spot ETF: -$333.71M
$ETH Spot ETF: -$35.04M
$XRP Spot ETF: +$1.55M
$HYPE Spot ETF: +$20.45M

Total net outflow: -$368.70M

BTC took the heaviest hit. ETH followed. Both saw significant institutional selling pressure on the same day.
But here's what stands out:

XRP and HYPE were the only two in positive territory. Small numbers, but green while everything else bled. Newer ETF products attracting inflows on a heavy outflow day suggest rotation, not full-scale risk-off.

[Blockchain Bulletin @thebbcrypto]

HYPE quietly entered the top 10, and it's already on par with Dogecoin in market cap.
$HYPE: $15.21B market cap | +25.49% this week | +45.25% this month
$DOGE: $15.60B market cap | -3.31% this week

A token that didn't exist 2 years ago is neck and neck with one of crypto's most iconic names.

And with a brand-new Spot ETF pulling in $72M+ in weekly inflows, the gap may not last long.

[Blockchain Bulletin @thebbcrypto]

HYPE Spot ETF is just 2 weeks old, and it's already pulling serious numbers.

Weekly Net Inflow (May 22): +$72.38M
Total Net Assets: $89.20M
Value Traded: $253.34M
First week pulled $2.52M.
This week? $72.38M, that's a 28x jump.

$HYPE token is also up ~25% this week, trading at $59.79. ETF demand and price momentum are feeding each other here.
Bitwise's #BHYP is leading the charge with $10.95M in single-day inflows. 21Shares' #THYP is yet to gain traction.
Very early, but the demand curve is steep for a 2-week-old ETF. #HYPEETF

[Blockchain Bulletin @thebbcrypto]

Bitcoin ETFs shed $105M in a single day while XRP and SOL quietly absorbed fresh capital.

May 22 US Spot #ETF Daily Net Flows:
$BTC: -$105.19M
$ETH: -$6.67M
$XRP: +$9.47M
$SOL: +$5.94M
$HYPE: +$10.95M

Altcoin ETFs holding ground while BTC bleeds. Rotation or diversification, the shift is worth watching.

[Blockchain Bulletin @thebbcrypto]

@CoinMarketCap We think that he is right.

[Blockchain Bulletin @thebbcrypto]

@arkham Yes, the crypto bear market, if you follow us you will know, that's why we are holding stables

[Blockchain Bulletin @thebbcrypto]

@icobeast So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO

[Blockchain Bulletin @thebbcrypto]

@TheMoonShow So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO

[Blockchain Bulletin @thebbcrypto]

@BSCNews @VitalikButerin So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO

[Blockchain Bulletin @thebbcrypto]

@TrustlessState Very True

[Blockchain Bulletin @thebbcrypto]

@AltcoinDaily So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO

[Blockchain Bulletin @thebbcrypto]

@WuBlockchain So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO

[Blockchain Bulletin @thebbcrypto]

@CryptoTeluguO @VitalikButerin So are we still betting on Ethereum? Check out our take here: https://t.co/nPKntbNjmF

[Blockchain Bulletin @thebbcrypto]

https://t.co/P8zeOahaOO