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Bitwise Launches $BHYP ETF With 100% Spot HYPE Exposure and In-House Staking

TLDR: Bitwise’s $BHYP ETF offers 100% direct spot HYPE exposure using in-house staking, not third-party providers. Hyperliquid controls roughly 60% of global onchain perpetual DEX open interest as of May 13, 2026. The fund carries a 0.00% expense ratio for the first month, then shifts to 0.34% for investors thereafter. $BHYP is not registered under the 1940 Act, meaning it lacks standard mutual fund protections for investors Bitwise Hyperliquid ETF, trading under the ticker $BHYP, has officially entered the market. It offers investors 100% direct exposure to spot HYPE. Unlike similar products, $BHYP uses in-house staking instead of a third-party staking provider. The fund began trading on May 15, 2026. Bitwise positions this ETF as a low-cost entry point into Hyperliquid, a platform the firm views as central to the future of onchain capital markets. Hyperliquid’s Growing Role in Global On-Chain Trading Bitwise took to X on May 14, 2026, to announce the ETF and explain i...
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Clarity Act Moves Forward After 15-9 Committee Vote

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TLDR The Senate Banking Committee advanced the Clarity Act in a 15-9 vote with two Democrats joining Republicans. The bill would split crypto oversight between the SEC and the CFTC and set rules for exchanges and brokers. Lawmakers rejected several Democratic amendments related to sanctions, ethics, and anti-money laundering measures. A DeFi safe harbor amendment passed 18-6 after support from a bloc of Democrats and Republicans. The Clarity Act will merge with the Agriculture Committee version before heading to the full Senate. The Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote on Thursday. Sens. Ruben Gallego and Angela Alsobrooks joined 13 Republicans to move the bill forward. The measure now heads toward a merger with the Senate Agriculture Committee text before a floor vote. Clarity Act Clears Committee With Bipartisan Support Lawmakers advanced the Clarity Act after months of cross-party negotiations and revisions. Chair Tim Sco...
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Intuitive Machines (LUNR) Stock Surges on $186.7M Q1 Revenue and $1.1B Backlog Milestone

Key Highlights First-quarter revenue reaches $186.7M as LUNR stock gains momentum on record backlog Contract backlog surges to unprecedented $1.1B following major NASA awards and acquisitions Lanteris acquisition drives substantial revenue expansion and space infrastructure capabilities Company maintains full-year revenue projection between $900M and $1B for 2026 Positive Adjusted EBITDA of $2.7M marks significant profitability milestone for space firm Shares of Intuitive Machines attracted investor interest following a robust first-quarter performance that saw revenue expand nearly threefold while the contract backlog climbed to an all-time high. LUNR stock traded at $36.43, representing a gain of $0.75 or 2.10% during the session. The upward movement came on the heels of impressive revenue figures, favorable profitability metrics, and significant contract awards. Intuitive Machines, Inc., LUNR The lunar and space infrastructure enterprise delivered $186.7 million...
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Mobix Labs (MOBX) Stock Rockets 88% on Rare Earth Acquisition Strategy

Key Highlights MOBX stock soars following strategic rare earth supply chain acquisition announcement Shares climb 88% as company unveils plan to enter critical minerals sector Defense infrastructure expansion drives investor enthusiasm for MOBX today Strategic Project Delivery acquisition positions company in national security space Rare earth materials focus aligns with U.S. defense priorities and supply chain goals Shares of Mobix Labs (MOBX) experienced a dramatic rally following the company’s announcement of a strategic acquisition targeting rare earth supply chains. The stock climbed 88.79% to close at $3.2850, with intraday trading pushing prices close to the $4.00 mark. This explosive movement came after Mobix revealed a non-binding agreement to purchase Special Project Delivery LLC. Mobix Labs, Inc., MOBX Strategic Entry Into Critical Materials Sector Mobix Labs announced that acquiring SPD would broaden its portfolio beyond existing defense technology of...
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Pi Network Updates KYC Milestones as PI Holds at $0.17

TLDR Pi Network confirmed that over 18.1 million users completed KYC verification and 16.7 million migrated to Mainnet. The Core Team reaffirmed its one account per real human policy to protect fair mining rewards and settlements. Pi Network rolled out protocol upgrades from version 19.6 to v22 and scheduled v23 next. Co-founders Chengdiao Fan and Nicolas Kokkalis spoke at Consensus 2026 about identity systems and AI challenges. PI traded near $0.17 on May 14 and recorded a 6% weekly decline. Exchange-held PI tokens rose to nearly 540 million, with over half stored on Gate.io. Pi Network reported new ecosystem milestones while PI price traded near $0.17 on May 14. The Core Team confirmed higher KYC approvals and Mainnet migrations. Meanwhile, exchange balances climbed toward 540 million tokens, and weekly price losses reached 6%. Pi Network Reports KYC Growth and Protocol Upgrades Pi Network confirmed that over 18.1 million users completed full KYC verification. The team ...
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Doximity (DOCS) Stock Plunges 21% on Disappointing Guidance and Earnings Miss

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Key Takeaways Doximity’s adjusted EPS of $0.26 fell short of the $0.28 Street consensus. Q4 revenue climbed 5% to $145.4 million, marginally surpassing forecasts. Fiscal 2027 revenue guidance of $664–$676 million missed analyst expectations of $697.4 million by a wide margin. Major banks including Jefferies, Wells Fargo, and KeyBanc downgraded DOCS following the earnings report. Shares plummeted approximately 21% in premarket hours Thursday and have declined about 47% so far this year. Shares of Doximity were changing hands around $18.45 during premarket activity Thursday — representing approximately 21% decline from Wednesday’s closing price of $23.39 — following the telehealth company’s underwhelming quarterly results and disappointing forward guidance. Doximity, Inc., DOCS The digital health platform delivered adjusted earnings of $0.26 per share for its fiscal fourth quarter, falling short of Wall Street’s consensus projection of $0.28. This marks a decline from the ...
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Cloudflare (NET) Shares Dip 3% as Workforce Cuts Follow Record Q1 Results

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Key Takeaways First quarter 2026 revenue reached $639.8 million, marking a 33.5% year-over-year increase and surpassing the company’s $620–$621 million forecast Adjusted earnings per share of $0.25 exceeded Wall Street’s $0.23 consensus estimate The company plans to eliminate more than 1,100 positions (~20% of total staff) in an AI-focused organizational overhaul Expected restructuring costs between $140–$150 million during fiscal year 2026 Shares opened at $187.23, declining 3.3%, within a 52-week trading band of $143.00–$260.00 On May 7th, Cloudflare delivered what would normally be cause for celebration: its highest quarterly revenue performance to date. Yet the market responded with skepticism, sending shares down 3.3% to $187.23 as the company unveiled significant workforce reductions alongside its financial results. Cloudflare, Inc., NET The networking and security company reported first quarter 2026 revenue of $639.8 million, representing a robust 33.5% jump from ...
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