NEW: Bitwise CIO Matt Hougan says crypto winter started in January 2025 but was masked by ETF and DAT flows. He adds, “We're closer to the end than the beginning.”

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JUST IN: ENS DITCHES LAYER-2 PLANS AFTER ETHEREUM GAS COSTS PLUMMET @ensdomains is no longer launching a layer-2 network for its v2 upgrade. The decision comes after Ethereum $ETH gas fees dropped 99% for ENS registrations following recent network upgrades. "Ethereum L1 is

Data from CoinShares suggests institutional outflows are slowing, with $BTC recording $264M outflows compared to altcoins with inflows. $XRP led with $63.1M inflows. Ethereum saw $5.3M inflows while Solana came in with $8.2M inflows.

CONTROVERSIAL: HYPERLIQUID IS "EVERYTHING WRONG WITH CRYPTO" @KyleSamani, the co-founder of @multicoin (an early investor in @Solana $SOL) has attacked @HyperliquidX in his most recent communications. "Hyper liquid is in most respects everything wrong with crypto" He also