Crypto in The Passenger Seat

DAILY MARKET OVERVIEW

Traders Are Choosing AI Over Crypto Right Now

👋 Hey, Crypto Enthusiasts! Stocks are pushing into fresh all time highs, but crypto is still far behind. Let’s take a look.

🟢 Stocks are reaching fresh all time highs especially AI-related sectors like semiconductors and infrastructure.... and crypto?

Crypto ETFs saw majority outflows this week, and now that the STRC ex-dividend event is over, momentum has clearly slowed down across the market.

• Crypto is no longer in the driver’s seat for risk assets right now.

• Traders are increasingly asking why invest in crypto when there is so much speculation opportunity surrounding AI over the coming years.

And that mindset is showing directly in the markets, with equities continuing to skyrocket while crypto struggles to keep up.

💗 Crypto is still alive and well, but in the current environment it has become much more difficult to trade.

According to analysts at JPMorgan, Ethereum and other altcoins likely continue lagging behind Bitcoin unless crypto networks show stronger real-world usage and growth in DeFi activity.

• Lower liquidity, ongoing security breaches, and rising Bitcoin dominance continue to weigh heavily on the altcoin market.

⚖️ Despite that, crypto integration is still moving forward.

The CLARITY Act is advancing faster than most people expected after passing a major Senate Banking Committee vote, meaning lawmakers agreed it is important enough to move to the full Senate for debate and a possible final vote.

At the same time, a new government ethics filing showed that Donald Trump and his family invested in crypto-related companies including Coinbase, Strategy, and MARA Holdings during the first quarter of 2026.

So for now crypto may be sitting in the passenger seat... but it may only be a matter of time before it takes the wheel again.

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SOCIAL SENTIMENT

Rivals Are Integrating with Hyperliquid??

While much of crypto continues struggling with weak momentum and declining altcoin activity, Hyperliquid continues standing out as one of the strongest performers in the market.

The protocol is still generating on average $2.5m in daily revenue, even as broader market conditions remain difficult. At a time when many projects are seeing lower activity and weaker liquidity, Hyperliquid continues attracting traders, builders, and major industry partnerships.

💻 One of the biggest recent developments came from Coinbase and Circle announcing plans to activate AQAv2 on USDC within the Hyperliquid ecosystem.

• AQAv2 is a new stablecoin infrastructure system being introduced on Hyperliquid that is designed to make USDC more deeply integrated and aligned with the protocol itself.

• In simple terms, AQAv2 allows Hyperliquid to use USDC as its main ecosystem stablecoin while also sharing reserve yield revenue with the protocol.

• That matters because most stablecoins normally keep the yield generated from reserves entirely for themselves or the issuer.

Under the new structure, Coinbase will act as the treasury deployer while Circle manages the technical infrastructure behind cross-chain transfers and USDC integrations. Both companies also committed to staking HYPE to help activate AQAv2.

The announcement highlights how far Hyperliquid has come. Even during a weaker market environment, major industry players are increasingly choosing to integrate directly with the ecosystem rather than compete against it.

⚠️ The risk for Hyperliquid remains regulation, as news around CME and NYSE is pushing the U.S. to regulate Hyperliquid due to concerns over market manipulation and sanctions evasion.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Bitwise Hyperliquid ETF Launches Friday on NYSE
Bitwise’s BHYP ETF will begin trading Friday with staking rewards exposure as institutional interest in Hyperliquid and HYPE continues accelerating.

Protocols Move Billions From LayerZero to Chainlink
Kraken joins a growing list of projects migrating from LayerZero to Chainlink CCIP after the $292 million Kelp DAO exploit raised security concerns.

Gemini Revenue Jumps 42% as Prediction Markets Grow
Gemini shares surged after strong earnings, rapid credit card growth, and the exchange’s first-ever prediction market trading metrics disclosure.

Hana Bank Makes $670 Million Bet on Upbit Parent Dunamu
South Korean banking giant Hana acquired a major stake in Upbit operator Dunamu as crypto regulation and institutional adoption expand in Korea.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Bitcoin: Dubious Speculation (15.05.2026 Summary)

Benjamin Cowen says Bitcoin’s rally may still be part of a broader bear market, similar to 2014, 2018, and 2019.

Key Points

• Bitcoin is testing the 200-day moving average, which acted as major resistance during previous bear market rallies

• Cowen says the current structure closely resembles 2019 because Bitcoin topped shortly before quantitative tightening ended in both cycles

• Past midterm-year bear markets saw strong multi-month rallies before Bitcoin eventually rolled over again later in the year

• He highlights the 0.382 Fibonacci retracement as a common level where previous counter-trend rallies lost momentum

• If Bitcoin breaks above the 200-day moving average, he sees a possible move toward the $85K region before another rejection

• Cowen believes June often acts as a turning point, with rallies peaking there before weakness returns into Q4

• He argues Bitcoin has lagged behind gold, energy, silver, and even the S&P 500 throughout 2026

• Tight monetary policy and fading expectations for rate cuts continue to pressure crypto more than traditional markets

Final Takeaway
Cowen remains cautious and believes the current rally still looks more like a temporary bear market recovery than the start of a new long-term bull cycle.

Brian Jung – how to invest and make millions using AI in 2026 (15.05.2026 Summary)

Brian Jung says AI is becoming a major investing advantage by helping investors filter noise, research faster, and identify trends earlier.

Key Points

• AI can help investors better understand their finances, risk tolerance, and investment goals

• Jung believes most people use AI too simply and underestimate its research capabilities

• Modern AI tools can summarize filings, compare companies, track catalysts, and monitor markets in real time

• He argues the biggest investing edge comes from focusing only on the variables that truly move markets

• Jung demonstrates building custom AI dashboards to track themes like oil, geopolitics, inflation, and crypto

• He believes AI gives retail investors access to research power once limited to institutions

• According to Jung, asymmetric opportunities come from spotting undervalued trends before the broader market notices them

Final Takeaway
Jung believes AI will not replace investors, but investors using AI effectively could outperform those who do not.

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