The Decrypt News roundup with TylerD - May 18th

— Bitcoin price declined from $82,000 to below $77,000 amid macro headwinds including rising bond yields (10-year at 4.6%, 30-year above 5%) and increased rate hike expectations for 2026 (40% odds).

— Spot Bitcoin ETFs experienced over $1 billion in net outflows for the week, ending a six-week inflow streak.

— Hyperliquid's decentralized derivatives platform faces regulatory pressure from CME and ICE, who privately lobbied the CFTC and Congress over market manipulation and sanctions evasion concerns, particularly regarding oil trading.

— SpaceX pre-IPO contracts launched on Hyperliquid with $40 million in volume; the platform now controls 30–40% of decentralized derivatives markets with $619 billion Q1 trading volume.

— Trump family ethics filings revealed crypto trades in Coinbase, Robinhood, and other crypto-related stocks during active pro-crypto regulatory negotiations, with family trust holding over $51 million in digital assets.

— Drake referenced Sam Bankman-Fried in a surprise album release; SBF responded from federal prison, though prediction markets price his release odds in 2026 at just 7%.

— Monitor macro conditions closely: rising bond yields and rate hike expectations are creating headwinds for Bitcoin and crypto assets; traditional macro indicators may offer leading signals for near-term price direction.

— Track regulatory developments around Hyperliquid and decentralized derivatives platforms, as traditional exchanges (CME, ICE) are actively lobbying regulators; policy outcomes could significantly impact platform viability and trading dynamics.