Traffic through the Strait of Hormuz dropped to a 3-month low. It’s not fully blocked, but definitely not smooth sailing either.
$BTC ( ▼ 0.7% ) remains stuck in the $62K-$66K range that has lasted for over a month. Even with cooling CPI data, the market has not found enough momentum for a breakout. Traders are still waiting for clearer signals from the Fed.
🏛️ Bullish regulatory momentum ahead! The SEC is officially meeting this Friday to discuss a brand-new framework for crypto offerings. Policy is moving fast under the most pro-crypto SEC yet!

Here’s what we got for you today:
👀 Let AI analyze markets for you
⭐ Hyperion turned $HYPE into millions
⭐ Goldman Sachs enters the crypto ETF race
🔥 Burning hot takes for the road


The Next Breakout Might Be in Your Pocket
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The type of “category disruptor” that grows fast and turns early believers into big winners.
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Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With $1B+ earned by over 490M customers and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets.
Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share with up to 20% bonus, exclusive to early investors.
Being early is everything, and this window is still open.
*Please read the offering circular and related risks at invest.modemobile.com.
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

You’ve probably been there.
A new crypto project catches your eye. You check the chart, scroll through X, read the whitepaper, compare tokenomics, and still wonder if it’s actually worth your time.
That’s how I used to research too. The crypto market moves too fast, and doing deep analysis manually can take hours. This guide shows how AI can simplify that process.
You’ll see how ChatGPT can help with fundamental analysis, technical analysis, sentiment tracking, and market research using practical prompts you can apply to real tokens.
Read the full guide and see how AI is changing the way traders analyze the market. 👇

🚀 HYPERION TURNED $HYPE INTO A $31M TREASURY MACHINE
Most crypto treasury companies are struggling in this market. Hyperion ( $HYPD ( ▲ 1.89% )) just tripled its profits.
The company just reported a record $31 million net profit in Q2 2026, more than tripling its previous quarter’s $8.8 million result. The main driver? Its massive Hyperliquid ($HYPE ( ▲ 3.9% )) treasury strategy.
1/ The $HYPE treasury bet paid off
Hyperion’s HYPE holdings grew significantly over the past year.The company’s token reserves expanded from around $71 million to $133 million, an increase of roughly 87%. By the end of Q2, Hyperion held around 2 million HYPE tokens.
The result was a huge turnaround. Just one year ago, the company reported a loss of nearly $9 million.
However, the $31 million profit was not purely from business operations. A large part came from the rising value of HYPE itself. Adjusted gross profit only increased around 20% to $1.2 million, showing that token appreciation played a major role in the record quarter.
2/ Hyperion is putting HYPE to work
Hyperion is using its HYPE holdings through staking, DeFi strategies, and partnerships to generate additional returns.
The company recently allocated:
500,000 HYPE to Entropy for staking through HIP-3 infrastructure.
Another 500,000 HYPE to Skew Technologies to support prediction market development through HIP-4.

This strategy turns HYPE from a passive treasury asset into something that can generate ecosystem value.
3/ A different path for crypto treasuries
$HYPE ( ▲ 3.9% ) is currently trading around $57.12, up about 4% today, while Hyperion shares also gained around 5% after the earnings announcement.

$HYPE price performance since the beginning of the year. Source: CoinGecko
The biggest risk is also the biggest opportunity: when your treasury is tied to one ecosystem, token performance can heavily impact the entire business.
For now, Hyperion is proving that a well-designed treasury model can do more than hold crypto. It can actively participate in the growth of the network behind it.

Hear About the AI IPO Late? You've Already Missed It.
Pricing on these AI IPOs gets announced once. Hear about it late and the entry window has already moved — along with the easy gains. The free briefing covers the timeline and optional text alerts the moment pricing drops, so you're not the last to know.

🏦 GOLDMAN SACHS JUST BOUGHT ITS WAY INTO CRYPTO ETFs
Goldman Sachs has agreed to acquire NEOS Investments for $2.25 billion, giving the banking giant immediate access to three crypto-related ETFs managing more than $1.1 billion in assets.
1/ Goldman gets instant crypto ETF exposure
After the acquisition closes, Goldman Sachs Asset Management will take control of NEOS’ entire ETF lineup, including:
Bitcoin High Income ETF ($BTCI ( ▼ 0.28% ))
Boosted Bitcoin High Income ETF ($XBCI ( ▼ 0.26% ))
Ethereum High Income ETF ($NEHI ( ▼ 0.26% ))
These funds do not directly hold Bitcoin or Ethereum. Instead, they gain exposure through crypto exchange-traded products and use options strategies to generate monthly income for investors.
The biggest fund is BTCI, which has already surpassed $1 billion in assets under management since launching in October 2024.

XBCI and NEHI are newer products but have also grown quickly, managing around $111 million and $77 million respectively.
2/ Goldman skips the slow route
Goldman Sachs previously filed for its own Bitcoin premium income ETF, but building a new product takes time.
By acquiring NEOS, Goldman instantly gets an established crypto ETF platform, experienced teams, and a product already attracting investor demand.
→ This is becoming a common Wall Street strategy: instead of building crypto products from scratch, major financial firms are buying companies that already have traction.
3/ The bigger trend: income-focused crypto products are booming
The acquisition is also a bet on the fast-growing options-income ETF market.
NEOS currently manages more than $30 billion across 19 ETFs, while the broader options-income ETF category has reached around $180 billion in assets.
These products work differently from traditional ETFs. They use strategies like covered calls to generate option premiums, which can then be distributed as regular income.
🧠 My take
Goldman’s move shows how crypto is entering a new phase. The early ETF race was about giving investors simple $BTC ( ▼ 0.7% ) and $ETH ( ▼ 1.2% ) exposure. The next battle may be about building financial products around those assets.
Wall Street is no longer asking if crypto belongs in traditional finance. The focus now is on how to package it into products that investors already understand.

🔥 BURNING HOT TAKES FOR THE ROAD
Trump faces a lawsuit over a new service selling faster access to Truth Social posts, which has already generated over $1M+ in revenue. Read more
Boltz shut down its BTC swap service after AI-powered attackers exploited its system. Read more
Wintermute is betting big on AI, planning to invest $1B while expanding beyond crypto into traditional markets. Read more
Arthur Hayes predicts $ENA ( ▼ 3.9% ) could 5x, with the Japanese yen becoming a key driver for the next crypto market rally. Read more
South Korea’s central bank entered gold ETFs for the first time, buying a $250M stake as global uncertainty rises. Read more
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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.







