Bitwise added the ticker $BHYP and a 0.67% management fee in its latest 
filing, signaling a potential launch soon, according to Bloomberg&#8217;s senior ETF 
analyst.

Bitwise edges closer to Hyperliquid ETF launch with second amended filing

Technical and onchain indicators hint at a possible trend reversal in XRP 
price as traders watch to see if a key support level holds.

XRP price bottom signals emerge after the altcoin holds key support level

Ethereum is pushing toward $2,200. The macro environment is uncertain. And top 
analyst Darkfost has identified a signal in the derivatives market that has 
not appeared in nearly three years — emerging at precisely the moment the 
price is testing a level that matters. Related Reading: XRP Supply Is Thinning 
and Leverage Is Absent. Learn What Happens When One Of Those Changes The 
signal comes from the ETH Taker Buy Sell Ratio on Binance — a measure of 
whether buyers or sellers are dominating perpetual contract activity on the 
exchange that processes more than a third of all ETH open interest globally. 
After an extended period of seller dominance, the ratio has returned above 
1.0, with a monthly average of approximately 1.016, and has held there for 
several consecutive days. The last time this setup was observed was in 2023. 
That three-year gap is the detail that elevates the current reading from a 
routine metric improvement to a structural development. Derivatives markets 
are where conviction is expressed with leverage — where participants put real 
capital behind directional views with amplified consequences. When buyer 
dominance returns to that market after nearly three years of absence, it is 
not a technical footnote. It is a behavioral shift from the participants who 
feel the market most acutely. Darkfost&#8217;s assessment is measured: this is the 
early stage of a more constructive trend, not its confirmation. The macro 
environment has not been resolved. But the derivatives market has started 
moving in a direction it has not moved in three years — and that timing, 
against the $2,200 test, is not coincidental. 37% of All Ethereum Derivatives 
Flow Through Binance Darkfost&#8217;s first point of context is the one that gives 
the current reading its full structural weight. Binance accounts for over 37% 
of total ETH open interest globally — meaning more than a third of all 
leveraged ETH positioning in the world sits on a single venue. When the 
derivatives signal on Binance flips from seller-dominant to buyer-dominant, it 
is not a reading from a peripheral platform. It is a reading from the venue 
that processes the largest share of the market&#8217;s directional conviction. The 
mechanism the ratio measures is straightforward and worth stating precisely. 
The Taker Buy Sell Ratio tracks the relationship between market buy and sell 
volumes on perpetual contracts. Above 1.0, buyers are dominant — more capital 
is entering through market buy orders than market sell orders. Below 1.0, 
sellers control the flow. For nearly three years, the ratio held below 1.0 on 
Binance. It has now moved above it, with a monthly average of 1.016, and has 
sustained that level for several consecutive days. What makes the current 
shift specifically constructive — rather than simply positive — is how it is 
unfolding. There are no excessive spikes. No sudden, violent imbalances of the 
kind that typically precede liquidation cascades in derivatives markets. The 
ratio is climbing gradually, methodically, in a way that reflects genuine 
behavioral change rather than a temporary flush of short positions. Darkfost 
names this explicitly: gradual shifts in derivatives markets are structurally 
healthier than sharp ones. A slow return of buyer dominance builds a more 
durable foundation than a rapid one. The market is not overheating into the 
signal. It is growing into it — and that distinction, for Ethereum at $2,200, 
is the difference between a setup and a trap. Related Reading: Ethereum’s 
$2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was 
Ethereum Tests Resistance as Recovery Structure Builds Ethereum is extending 
its recovery attempt, now pushing toward the $2,200–$2,250 region, a level 
that is beginning to define short-term resistance. The chart shows a clear 
shift in behavior following the February capitulation: instead of continued 
downside, ETH has formed a series of higher lows, indicating that buyers are 
gradually regaining control. This change is meaningful, but still incomplete. 
Price is interacting closely with the 50-day moving average (blue), which is 
flattening after a prolonged decline. That suggests momentum is stabilizing. 
However, ETH remains below the 100-day (green) and 200-day (red) moving 
averages, both trending downward, which keeps the broader structure bearish. 
Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. 
Learn What Triggered The Rush Volume dynamics support the recovery narrative, 
but cautiously. The spike during the sell-off marked forced liquidations, 
while the subsequent lower volume during the rebound suggests a controlled, 
less speculative move higher. The key level to watch is the $2,200–$2,400 
range. A clean break and consolidation above this zone would confirm a shift 
in market structure and open the path toward the 100-day average. Failure to 
break higher would reinforce this as another lower high within a broader 
downtrend. For now, Ethereum is transitioning — not trending — with early 
signs of strength, but no confirmation yet. Featured image from ChatGPT, chart 
from TradingView.com

Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance

Increased scrutiny of private credit highlights potential systemic risks, 
emphasizing the need for regulatory balance to prevent financial instability.
The post US Fed, Treasury assess spillover risks from $1.8 trillion private 
credit appeared first on Crypto Briefing.

US Fed, Treasury assess spillover risks from $1.8 trillion private credit

Lawmakers are intensifying scrutiny of a Trump-linked memecoin event as 
concerns grow over potential financial conflicts, market volatility, and the 
influence of token-based access models tied to political activities. Key 
Takeaways: Senators Warren, Schiff, and Blumenthal probe TRUMP token event 
tied to Mar-a-Lago access model. TRUMP token volatility spiked to $3.08 before 
a sharp drop, […]

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