Bhutan’s Gelephu Mindfulness City has introduced a fast-track licensing system 
for crypto and fintech firms already regulated in financial hubs such as 
Singapore, Hong Kong, and Abu Dhabi. According to a recent press release, the 
new framework allows qualifying firms…

Bhutan opens fast-track crypto licensing route for global firms

Hyperliquid has been one of the most compelling stories in crypto since its 
launch in November 2024. While most new protocols struggled to find product- 
market fit in a difficult market environment, Hyperliquid built genuine 
traction — attracting traders, volume, and institutional attention at a pace 
that few anticipated. The project&#8217;s native token HYPE became one of the 
cycle&#8217;s standout performers. And the platform itself established a reputation 
as the most serious challenger to centralized exchange dominance in the 
perpetuals market. Related Reading: Altcoin CEX Volume Ratio Hasn’t Looked 
Like This Since The 2021 Bull Run: Capital Rotation Or Bear Market Rally? That 
trajectory has now reached a milestone that would have seemed ambitious even a 
year ago. 21Shares US has announced that the 21Shares Hyperliquid ETF — 
trading under the ticker THYP — launches on May 12, 2026. The announcement is 
brief and direct: &#8220;See you tomorrow.&#8221; For a project that launched just 
eighteen months ago, reaching the point where a regulated financial product is 
being built around its token is a significant development. It signals that 
institutional infrastructure is beginning to form around Hyperliquid in the 
same way it formed around Bitcoin and Ethereum before their own ETF moments 
arrived. Investors must understand what the product actually offers before 
treating today’s launch as a straightforward bullish catalyst. What THYP 
Actually Is — and What It Changes for Hyperliquid The prospectus reveals a 
straightforward but carefully structured product. THYP is a grantor trust 
listed on Nasdaq that holds HYPE directly — not through derivatives or 
synthetic exposure. Investors who buy shares through a standard brokerage 
account gain indirect HYPE price exposure with a sponsor fee of 0.30% 
annually. This is competitive for a digital asset ETF of this type. The 
staking dimension is the most consequential detail. 21Shares plans to stake a 
portion of the Trust&#8217;s HYPE through Figment, a regulated staking provider, 
with the intent to distribute quarterly cash dividends to shareholders from 
the staking rewards generated. Figment retains 30% of staking rewards as its 
fee, with the remainder flowing to shareholders. The custodians — Anchorage 
Digital Bank and BitGo — are federally chartered national trust banks, adding 
a layer of regulatory credibility that matters for institutional adoption. 
Related Reading: Ethereum Cools Off Below $2,450 – Lower Leverage Sets The 
Stage For A Breakout The prospectus does not describe any buyback mechanism. 
Instead, the structure removes HYPE from the liquid market by holding ETF 
basket purchases in custody. The same dynamic that made Bitcoin ETF inflows 
structurally significant in 2024. HYPE Consolidates Above Key Support As Bulls 
Defend Recovery Structure For Hyperliquid, institutional accessibility through 
a Nasdaq-listed product creates a new category of buyer who previously had no 
compliant path into HYPE. That demand channel, combined with staked HYPE being 
locked by the trust, creates a supply reduction mechanism that compounds with 
every new share created. HYPE is trading around $41 after weeks of volatile 
consolidation that followed one of the strongest recoveries in the market 
since the February lows. The chart shows a clear shift in structure over the 
last two months. After bottoming near the $21 region during the broader crypto 
correction, HYPE staged an aggressive reversal that carried the price back 
above both the 50-day and 100-day moving averages, reclaiming the key $40 
psychological level in the process. Related Reading: Ethereum Is Going Up 
While Shorts Are Piling In: Find Out What Usually Follows Ethereum Is Going Up 
While Shorts Are Piling In: Find Out What Usually Follows What stands out 
technically is how the market has behaved since reclaiming that zone. Instead 
of collapsing after the first impulsive rally, HYPE has continued printing 
higher lows while repeatedly testing the $44–$45 resistance region. Buyers are 
consistently defending pullbacks near the rising short-term moving average, 
which now acts as dynamic support around the $39–$40 area. The longer-term 
structure remains constructive while price holds above the major moving 
averages. A decisive breakout above the $45 region would likely open the path 
toward retesting the September highs near $55, where major supply previously 
entered the market. Featured image from ChatGPT, chart from TradingView.com

21Shares Is Launching A Hyperliquid ETF: Here Is What Investors Need To Know

Brooks Koepka&#8217;s unconventional approach of not using a yardage book sets him 
apart in professional golf.
The post Brooks Koepka: Victor Wembanyama is on track to be the best center ever, LeBron James may leave the Lakers, and the Bucks should trade Giannis | Pardon My Take appeared first on Crypto Briefing.

Brooks Koepka: Victor Wembanyama is on track to be the best center ever, LeBron James may leave the Lakers, and the Bucks should trade Giannis | Pardon My Take

Super Micro&#8217;s ambitious sales forecast and leadership change signal strategic 
positioning amid competitive pressures in the AI server market.
The post Super Micro Computer projects FY26 net sales of $38.9-40.4B, names 
Vik Malyala chief business officer appeared first on Crypto Briefing.

Super Micro Computer projects FY26 net sales of $38.9-40.4B, names Vik Malyala chief business officer

The lawsuit raises critical questions about AI liability, potentially 
influencing future regulations and ethical standards in AI deployment.
The post Family of Florida mass shooting victim sues OpenAI in US court 
appeared first on Crypto Briefing.

Family of Florida mass shooting victim sues OpenAI in US court

DeFi mobile platform Legend has announced plans to shut down after nearly two 
years of operation, adding another closure to a growing list of crypto 
applications struggling to remain viable. According to a statement shared 
Tuesday by Legend co-founder and…

Bhutan opens fast-track crypto licensing route for global firms

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