Hyperliquid's HYPE token surged after breaking the $30-$32 moving-average cluster, later struggling to hold above short-term averages after failing to keep gains past highs near $43. The protocol is also drawing attention from institutional channels after Ripple integrated Hyperliquid into Ripple Prime in February, and after Grayscale filed an amended S-1 for a proposed Grayscale HYPE ETF on May 11, 2026.

Clients tied to BlackRock's IBIT spot Bitcoin ETF sold about $317.1 million worth of BTC this week, adding fresh outflow pressure. U.S. spot Bitcoin ETFs then logged a $290 million net outflow on May 15 and finished the week near $1 billion in withdrawals. Bitcoin also slid 3.2% over the prior 24 hours, briefly dipping back toward the $78,000 range after trading above $82,000.

China's crypto policy has tightened further, including a framework described as fully prohibiting private possession, trading and mining of cryptocurrencies, while positioning the digital yuan (e-CNY) as the only legal digital currency. The article says the People's Bank of China implemented this ban on June 1, 2025, and later issued additional measures with other agencies that expand enforcement to offshore activity and yuan-linked stablecoin issuance.

Morgan Stanley has filed with the U.S. Securities and Exchange Commission for a spot Bitcoin ETF that would charge a 0.14% expense ratio. The proposed 14-basis-point fee is below Grayscale's 0.15% Bitcoin Mini Trust and BlackRock's iShares Bitcoin Trust at 0.25%. The move highlights intensifying cost competition as issuers look to attract both institutional and retail flows.

This week's roundup centers on an SEC filing tied to the Evernorth (XRPN) Nasdaq treasury, where Ripple cofounder Chris Larsen is described as injecting 261 million XRP into a structure targeting more than $1 billion. It also highlights claims that the SEC has categorized Shiba Inu (SHIB) as a nonsecurity digital commodity, and notes Bitcoin's reaction after the Fed held rates at 3.5%-3.75% on an 11-1 vote.

On March 17, Ripple Labs announced a major expansion into Brazil with a full-stack institutional platform that combines custody, prime brokerage, stablecoin settlements and treasury tools for regulated entities. Over the past 24 hours, Shiba Inu futures open interest has climbed more than 26% to about 12.24 trillion SHIB, while XRP is attempting a recovery near $1.53 and defending support around $1.43.

Between March 2 and March 8, MicroStrategy boosted its Bitcoin treasury by purchasing 17,994 BTC for about $1.28 billion, lifting its total holdings to 738,731 BTC. Ripple deepened its role in central bank digital currency projects through a collaboration highlighted by Mastercard, while Japan's SBI Holdings broadened its XRP-based shareholder reward program. In parallel, XRP price indicators suggested a potential breakout and Coinbase executives rejected claims they lobbied against a Bitcoin tax exemption.

Between March 2 and March 8, corporate software firm Strategy purchased 17,994 Bitcoin for about $1.28 billion, expanding its BTC reserves to 738,731 coins. Over the same period, Dogecoin saw trading volume rise by 87.16% on a golden cross signal, while XRP’s converging indicators near $1.34 suggest conditions for a potential recovery.

Former Ripple CTO David Schwartz has commented on XRP's performance amid a wider crypto downturn, noting that overall market conditions leave him feeling down. Shiba Inu has seen a sharp 666% surge in futures flows alongside ongoing price weakness, while Dogecoin temporarily traded above the key $0.10 level for about eight hours before slipping back to around $0.096.