Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst. Bitwise Asset Management has reportedly taken a key step toward launching its proposed spot Hyperliquid exchange-traded fund, filing a second amendment with the US Securities and Exchange Commission. In an X post on Friday, Bloomberg senior ETF analyst Eric Balchunas highlighted that Bitwise had updated its Hyperliquid ETF to include the ticker $BHYP and had also set a management fee of 0.67% (67 basis points). According to Balchunas, the filing of these details generally indicates that the product will "launch soon." Read more
Technical and onchain indicators hint at a possible trend reversal in XRP price as traders watch to see if a key support level holds. XRP (XRP) has been in an eight-month downtrend, with momentum and onchain indicators at levels that previously coincided with macro bottoms. Data from TradingView reveals that the relative strength index (RSI) of the XRP/BTC ratio is at 24, the most oversold level since October 2025. Such low levels in the daily RSI have marked market bottoms for the ratio, ultimately leading to 65% to 345% XRP price breakouts against Bitcoin as seen late 2024 and 2025. Read more
Opposition and treasury members exchange punches during the City Council session on Friday.—PPI • Treasury and opposition councillors fight over seating dispute • Mayor Wahab claims JI ‘spoiled the atmosphere’ • Opposition leader blames PPP for ‘hooliganism’ • House passes 13 resolutions after JI’s walkout KARACHI: A violent brawl erupted at the City Council session on Friday as members of the ruling Pakistan Peoples Party (PPP) and opposition Jamaat-i-Islami (JI) clashed in a chaotic showdown with members trading blows and kicks, and even hurling chairs on each other. The commotion started when some PPP members objected to the JI members for sitting on chairs placed ahead the seat of the Opposition Leader Advocate Saifuddin, insisting that the opposition members should not be allowed to sit in front of the opposition benches. While Mayor Murtaza Wahab helplessly watched the ruckus, the PPP and JI members scuffled leading to fighting among members turning the City Council hall in to a battlefield. They kicked...