SpaceX is up over 100% on its BTC holdings. Hyperliquid is decoupling from crypto majors. And Ethereum is leaning hard into privacy.

Crypto majors are falling and the ETFs are seeing an exodus, while SpaceX had a major debut on Hyperliquid.

HYPE soared as the SEC opened the door to third-party tokenized stocks. Strategy bought another $2B in BTC, and price still went lower.

Crypto majors and stocks are back in the green, while Polymarket just opened private company prediction markets to retail.

SpaceX is up over 100% on its BTC holdings. Hyperliquid is decoupling from crypto majors. And Ethereum is leaning hard into privacy.

The billionaire cited underperformance vs gold and broader disappointment with crypto's breakout apps (or lack thereof) as drivers.