Crypto
crypto
Yaël Bizouati-Kennedy

Bitcoin Pizza Day celebrates its 15th anniversary

Bitcoin Pizza Day is an unofficial crypto holiday that celebrates the first ever real-world bitcoin transaction. On May 22, 2010, programmer and bitcoin fan Laszlo Hanyecz offered 10,000 bitcoin for anyone who’d be willing to order and deliver two pizzas to him. Bitcoin at the time was worth less than a penny a coin, but he successfully bought two Papa John’s pizzas for what was then about $40 in bitcoin.

It would be worth over $1 billion at today’s prices.

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While this would be hard to swallow for anyone, Hanyecz has said every time he’s asked that he has no regrets and told Cointelegraph it was “great to be part of the early history of bitcoin.”

“I wanted to do the pizza thing because to me it was free pizza,” Hanyecz told Bitcoin Magazine.  “I mean, I coded this thing and mined bitcoin and I felt like I was winning the internet that day. I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.”

To celebrate the 15th anniversary, several companies are hosting events and doling out crypto (and pizza) prizes:

Binance Pizza Day

Between May 15 and 28, participants can win pizza boxes “worth up to $20 in BTC” by referring friends to Binance. 

MEXC’s Pizza Day Lucky Wheel

The event runs from May 19 to 28, and participants can win $100,000 in BTC and “Hot Tokens.”

HTX’s Bitcoin Pizza Day Meets Trump Dinner

The crypto exchange partnered with a slew of sponsors for multiple events and prizes totaling $1 million.

BTCC’s 52,000 USDT Bitcoin Pizza Day Challenge and Fifth Annual Global Pizza Party in Monaco

The event runs from May 19 to 31 and “rewards users with virtual pizza slices worth 1 USDT each when they complete tasks on the platform.”

Bitget’s Pizza Day’s Pizzas

With Bitget’s celebration, you’ll win… pizzas.  The company will distribute “over 5000 pizzas in over 20 cities worldwide.”

 Happy Pizza Day to all who celebrate.

Binance Pizza Day

Between May 15 and 28, participants can win pizza boxes “worth up to $20 in BTC” by referring friends to Binance. 

MEXC’s Pizza Day Lucky Wheel

The event runs from May 19 to 28, and participants can win $100,000 in BTC and “Hot Tokens.”

HTX’s Bitcoin Pizza Day Meets Trump Dinner

The crypto exchange partnered with a slew of sponsors for multiple events and prizes totaling $1 million.

BTCC’s 52,000 USDT Bitcoin Pizza Day Challenge and Fifth Annual Global Pizza Party in Monaco

The event runs from May 19 to 31 and “rewards users with virtual pizza slices worth 1 USDT each when they complete tasks on the platform.”

Bitget’s Pizza Day’s Pizzas

With Bitget’s celebration, you’ll win… pizzas.  The company will distribute “over 5000 pizzas in over 20 cities worldwide.”

 Happy Pizza Day to all who celebrate.

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crypto
Sage D. Young

Hyperliquid reclaims all-time high

HYPE, the native token powering perpetuals exchange Hyperliquid and its underlying blockchain, rebounded to reclaim its all-time high previously set at the start of the month.

Treasury firms Hyperliquid Strategies and Hyperion DeFi have also rallied as the token increased double digits in the last 24 hours to trade as high as $76.70, rising past its record price set nearly two weeks ago, according to CoinGecko. In the interim between all-time highs, HYPE pulled back to around $53.

The token has several tailwinds, the first coming from ETF flows. Since their inception in May, HYPE ETFs have yet to record negative weekly outflows, posting a cumulative total net inflow of $171.8 million, per SoSoValue.

The second comes from Hyperliquid spending basically everything it earns in fees to buy HYPE, a mechanism embedded into the protocol’s codebase.

The venue’s buyback funding mechanism is set to add a new source of yield. Validators of the network activated “AQAv2,” which means stablecoin deployers will share about 90% of reserve yield revenue on their supply within the protocol.

Around $6.1 billion of Circle’s USDC resides in Hyperliquid, per DefiLlama. Accrual begins on August 26 and the first payment is made on October 3, the network announced in its Discord channel last week.

A substantial amount of capital is riding on different positions of HYPE. In total, a move down to under $53 would result in the liquidation nearly 1.8 million HYPE worth of leveraged long positions on the on-chain perps venue, or $131.7 million, data from CoinGlass shows. For the upside, a climb above $100 results in the liquidation of more than 3 million worth of leveraged HYPE short positions, or $221.5 million.

HYPE’s rebound to all-time high comes after Michael Selig, chair of the Commodity Futures Trading Commission, defended his agency’s decision to approve regulated perpetuals, or futures contracts without expiration dates, CNBC reported on Monday.

Last month, the CFTC approved bitcoin perpetual futures trading in the US through regulated prediction markets firm Kalshi and an affiliate of centralized exchange Coinbase.

“Perps are highly likely to become lightly regulated and thus approved in the US,” said David Pakman, head of venture investments at CoinFund.

“We expect to see perps for many different types of assets, from commodities to equities,” Pakman told Sherwood News.

Yaël Bizouati-Kennedy
6/16/26
Bitcoin is “caught between flow deterioration and macro relief”

Bitcoin symbol in a window
crypto
Sage D. Young

Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring

The market capitalization of the crypto industry has jumped around $83.2 billion in the last 24 hours, with privacy-focused token Zcash and worldcoin, the native cryptocurrency of the network backed by OpenAI CEO Sam Altman, leading market gains, jumping over 22%.

But the last 24 hours have been good across the board:

“Investors have been eager to see some positive signs around the Iranian conflict ending, coupled with hopeful outlooks around the CLARITY act, both breathing some life into assets,” Kairos Research cofounder Ian Unsworth told Sherwood News.

Simon Shockey, a crypto strategist at crypto wallet infrastructure firm Privy, said the upswing stems from several things converging. He pointed to how alt markets broadly were “very oversold” following the bug found in Zcash that shook confidence.

Friday, Zcash founder Zooko Wilcox said Anthropic didn’t find any more serious bugs with the Zcash protocol after Shielded Labs requested the AI firm run a security audit of the network with Mythos.

Shockey added that the pool of willing sellers has dwindled. “Even if structurally, AI is a much more compelling and asymmetric bet in the eyes of allocators, many of these crypto assets have simply run out of marginal sellers despite some shorter-term narrative-driven pumps. The only people left to sell at this point are the teams themselves and VCs.”

“Net-net: oversold conditions plus exhausted seller bases plus a macro backdrop that’s stabilized equals a snapback, especially in names that have real usage or community conviction behind them,” Shockey told Sherwood.

Yaël Bizouati-Kennedy
6/15/26
Bitcoin hits highest level in 2 weeks following news of Iran deal

Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood.

Price Of Bitcoin Reaches New High, As Inflation Rises At Level Not Seen In 30 Years
Yaël Bizouati-Kennedy
6/12/26
The second half of the year might be more auspicious for bitcoin

“Winter is over. Welcome back to crypto Spring,” one analyst declared.

Bitcoin

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