Crypto

Bitcoin weakens as South Korea, Japan stocks swing; fears of drop to $54,000

Bitcoin slipped below $62,000 as selling in Asian technology shares and sharp falls in regional stock markets weighed on risk sentiment. It fell to $61,860, nearing its lowest level in about two weeks. South Korea’s KOSPI dropped 10 percent and Japan’s Nikkei 225 fell about 4 percent. Some traders flagged $60,000 as a potential next entry zone, while derivatives markets showed limited reaction despite major events scheduled this week.

Crypto

Bitwise BHYP Hyperliquid spot ETF hits $40 million AUM in 8 days

Bitwise\'s Hyperliquid spot exchange-traded fund, BHYP, reached $40 million in assets under management eight trading days after listing on the New York Stock Exchange. CEO Hunter Horsley said early trading volume hit about $12 million in the first 90 minutes. Bitwise reported $30.5 million AUM after five days. On-chain data firms reported heavy HYPE buying, while a whale wallet opened a 10-times long position.