Enter XRP, the unexpected savior, or perhaps the court jester, in this fiscal tragicomedy, poised to unlock liquidity with the finesse of a pickpocket at a bankers’ convention.
A significant reason for the altcoin’s price increase on Monday was an announcement from Bitwise. The asset management firm stated on X (formerly Twitter) that it intends to use 10% of the fees earned from its Bitwise Hyperliquid ETF (BHYP) to purchase and hold HYPE.
This award is part of the BeInCrypto Institutional 100. It focuses on Tokenization & Enterprise Blockchain – specifically, Pillar 6 of the awards. The ten projects listed below are presented alphabetically, without any ranking. We’ll announce a shortlist in May 2026, and the winner will be revealed at Proof of Talk in Paris on June 2nd and 3rd, 2026.
My research into this case started with the events of last July. A 36-year-old man from Hertfordshire encountered four people he didn’t know at a bar in Shoreditch, east London. Unfortunately, things quickly escalated. These individuals forced him back to his home and then pressured him into setting up several financial accounts, one of which was Coinbase.
According to data from Arkham Intelligence analyzed by Finbold on May 18, SpaceX is holding approximately $637 million worth of Bitcoin (8,285 BTC) in custody with Coinbase Prime.
In other news, commodity giant Trafigura and Tether (yes, the USDT people) are reportedly plotting to let Salvadorans pay for gas with stablecoins. Because nothing says “future” like filling up your tank with digital dollars.
Key Takeaways (or, as I prefer, the CliffsNotes of this financial farce):
Bitcoin Depot, a company that operates cryptocurrency ATMs, experienced a significant drop in its stock price (BTM) on Monday. Shares fell approximately 71% after the company filed for bankruptcy protection in the U.S.
The latest report indicates the firm has sold off its investments in ETFs related to XRP and Solana (SOL), and reduced its holdings in Ethereum (ETH) ETFs. Simultaneously, the filing reveals a new investment in a leading decentralized exchange (DEX).
Key Takeaways (or as I like to call them, “Crypto CliffsNotes”):