CoinResearch

06/02/2026

HYPE just hit fresh highs. 🚀

Perps volume reached $7.13B. Revenue climbed to $55M over 30 days. The platform is seeing growing activity across trading, revenue generation, and ecosystem development.

But does the data support the rally?

We break down the catalysts, token economics, revenue trends, and key risks behind one of crypto's strongest recent performers.

Follow for more crypto research and market insights.

06/01/2026

Trump's New Order May Be Crypto's Unexpected Growth Driver.

A May 19 executive order tightens bank ID checks for undocumented immigrants. The result: mass debanking — and a forced shift toward stablecoins and Bitcoin ATMs.

The irony? Trump's own family got into crypto after being debanked. Now they're building policy that pushes millions toward the same toolkit.
The risk: these rails have no federal protections. And parallel financial systems, once built, don't disappear.

Watch stablecoin usage and cash-to-crypto corridors not just ETF flows. That's where real adoption is being forced into existence.

05/30/2026

Wall Street’s search for yield is starting to move on-chain.

Our latest report explores how tokenized treasuries, stablecoin yields, and real-world asset protocols are turning crypto into a new income-generating layer for capital markets.

Traditional financial products are becoming faster, more global, and increasingly blockchain-based.

crypto’s next growth phase may be driven less by speculation… and more by yield infrastructure.

🔗https://coinresearch.substack.com/p/wall-streets-yield-is-moving-on-chain

05/28/2026

If Tesla and SpaceX merge, Elon Musk would control one of the biggest corporate Bitcoin treasuries in public markets (roughly 30,221 BTC, worth about $3.3B.)

🔵 Tesla holds 11,509 BTC, bought at much lower prices.

🔵 SpaceX holds 18,712 BTC, bought around $35,000 on average, now worth about $1.45B.

🔵 Combined, the merged company would be the fifth‑largest public corporate Bitcoin holder, behind only names like Strategy.

No official merger has been confirmed yet, but the Bitcoin math is already baked into the narrative around Musk’s tech ecosystem.

Corporate BTC treasuries are no longer just “public companies” they also include private giants like SpaceX that could become public‑listed through IPO or merger.

05/26/2026

“Is one Bitcoin ever enough?”

The simple answer: not yet, for a typical home, even as BTC nears six‑figure prices.

Key points:

🪙 In the U.S. and U.K., a single BTC still falls short of buying a median‑priced house in most major markets.

🪙 To buy a home outright with 1 BTC, the price would need to rise substantially from current levels, especially in high‑cost metros.

What that means:

➡️ “One BTC = life‑changing wealth” is more aspirational than economic reality for most people.

➡️ The real power of BTC is long‑term store‑of‑value and compounding, not that one coin equals a mortgage‑free life everywhere.

1 BTC is the target. "Enough to flip into a house" is just impatience wearing a strategy hat.

05/25/2026

Crypto sentiment is improving, but the market is getting more selective.

Our latest CoinResearch Intelligence Weekly highlights stronger liquidity, renewed institutional interest, and continued momentum in AI and infrastructure-related narratives.

Bitcoin remains stable while capital rotates toward sectors with real traction.

this market is rewarding positioning, not hype.

https://coinresearch.substack.com/p/coinresearch-intelligence-weekly-d8a

Range Holds, Conviction Doesn’t: Fear Stabilizes While ETF Outflows Keep Risk Capped | Week Ending May 24, 2026

05/22/2026

There’s a new “liquidity king” debate in crypto: Hyperliquid vs Solana.

Key points:
🟣 Hyperliquid (HYPE) is a derivatives‑first L1 built around a perpetual‑DEX backbone with an on‑chain order book, low latency, and high volume capacity.

🟣 Solana remains a broad‑ecosystem chain with strong DEX, DeFi, NFT, and app activity, but is now seeing direct competition in perpetuals and DEX liquidity from Hyperliquid.

🟣 In 2026 metrics, Hyperliquid has surged past SOL on some liquidity and FDV‑style measures, even as Solana keeps its much larger addressable‑market footprint.

➡️ Hyperliquid is a high‑risk, high‑concentration bet on derivatives‑trading dominance.

➡️ Solana is a broad‑based, ecosystem‑level bet where liquidity sits across many verticals, not just perps.

05/20/2026

U.S. spot Bitcoin ETFs just bled $649 million in one day even as long‑term holders keep accumulating BTC.

Key details:

📈 Total ETF outflows: ~$649M on Monday, following a $1B+ outflow week.

📈 BlackRock’s IBIT led the redemptions, losing ~$448M in one session.

📈 ARK 21shares and Fidelity Investments incurred roughly $110M and $63M, respectively.

What sticks out:

➡️ ETF investors are acting like short‑term traders: in and out with price moves and macro noise.

➡️ Long‑term BTC holders, especially on‑chain whales, are still buying and holding, treating ETFs as a layer on top, not the core position.

🔎ETF vs self‑ custody?

If using ETFs as a trading tool, watch ETF flows + BTC price + macro together, not just the ETF chart.

05/19/2026

Bitcoin Depot’s empire is shutting down and it raises a big question: Is this the end of the Bitcoin ATM era?

Bitcoin Depot, which once operated more than 8,000–9,000 Bitcoin ATMs across North America (and also into Australia), has filed for Chapter 11 and ceased operations.

Its first‑quarter numbers were brutal:

💰Revenue down ~49% YoY
💰Gross profit down ~85%
💰Shift from a $12M profit a year earlier to a $9.5M loss in one quarter.

The core problem:

➡️ Ultra‑high fees (often 10–20%+) made BTMs attractive for cash‑based on‑boarding, but terrible for long‑term volume once better‑priced apps and P2P options arrived.

➡️ Regulatory pressure, security breaches (including a $3.6M BTC‑theft incident), and weak economics turned the ATM network from a “growth story” into a cash‑burning relic.

🔎This is a reminder that infrastructure evolves fast in crypto:

Physical BTMs may fade, but the need to onboard cash‑based users isn’t going away.

The next line of attack will be apps, remittance‑style providers, and on‑ramp‑optimized wallets, not kiosks.

05/19/2026

Crypto sentiment may be improving, but this market is still highly selective.

Our latest Intelligence Weekly highlights a shift beneath the surface:
liquidity is stabilizing, institutional positioning is returning, and stronger narratives are starting to separate from the rest.

Bitcoin remains resilient, but this isn’t a market where everything moves together anymore.

The 200DMA Rejection: Hot CPI, a New Fed Chair, and the Range Falls Lower | Week Ending May 17, 2026