Friday Forecasts: 31/05/26
May 31, 2026
Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
Bitcoin drops out of global top 10 as Magnificent Seven surge
Bitcoin’s slide down the asset leaderboard was flagged by CoinDesk, which posted that “$BTC drops out of the top 10 largest assets globally, with its market cap falling to $1.09T, behind gold, silver and every member of the Magnificent Seven.”
HYPE Hits 3rd Record High In A Week But Multicoin Capital Co-founder Calls It ‘Binance 2.0 Without A Marketing Team’
Hyperliquid (HYPE) hit a fresh all-time high on Saturday, marking its second record in two days as investors expressed sharply different views on the decentralized exchange’s long-term prospects.
Narratives to Watch
SoFi launches bank-issued stablecoin for nearly 15M app users
The company said the launch marks the first time a stablecoin issued by a U.S. national bank is available directly through a banking app.
NYSE Parent ICE Explores Potential Collaboration With Decentralized Exchange Hyperliquid
Speaking at the Bernstein Annual Strategic Decision Conference, the head of the company that owns the New York Stock Exchange (NYSE), Sprecher revealed that he has held multiple meetings with the Hyperliquid team to discuss potential business collaborations, adding, “This Hyperliquid that we’re talking about, if you haven’t heard of it yet, it’s bigger than Nasdaq, okay? Eleven people.
Protocol Watch
Base Azul goes live as Coinbase L2 targets one-day withdrawals
Base announced that Azul is live on mainnet after months of testing. It is the network’s first independent upgrade since Base started moving toward its own stack.
Hyperliquid Launches Prediction Markets and Moves Beyond Futures
Hyperliquid is taking a new step beyond the perpetual futures market. The platform has launched its own prediction markets for real-world events, where users can trade outcomes of macroeconomic and other external events directly within the existing trading infrastructure.
Regulatory Radar
SEC Commissioner Peirce defends crypto privacy tools against surveillance push
The leader of the regulator’s Crypto Task Force said privacy-enhancing technologies can strengthen investor protection and urged regulators not to treat them with suspicion.
Brad Levy warns cross-chain compliance is crypto’s AML gap
Compliance teams monitoring crypto transactions lose the trail the moment assets cross a blockchain bridge. Brad Levy, CEO of ThetaRay, calls this the Cross-Chain Compliance Gap, the blind spot that emerges when funds move from Ethereum to a Layer 2 or alternative chain and the transaction data fragments at the crossing point.
Moonrig Perspective
Markets are maturing — and so are narratives.
Real opportunity now lies in utility-backed protocols, tokenomics with intent, and cross-chain infrastructure.
This is where Moonrig gives you the edge:
Smarter research via Moonbase
Strategic portfolio design via BUIDL
360-degrees view of your Crypto holdings via HODL
Turn intelligence into strategy. Stay ahead with Moonrig.
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