It is Friday, May the 22nd, which means it is Bitcoin Pizza Day. Happy Bitcoin Pizza Day to those who celebrate. And it is a long weekend if you're in the US, if you're in parts of Europe. So we have a few quick stories to get you ready for the weekend to get you in the mood. We're looking at hype hitting all time high. Perhaps we could have known it was going to happen, but it finally did it. We're going to take a look at some of the tokenomics and some of the data behind the price to see what's going on with Hyper Liquid right now. We're also looking at ETF flows. Everyone's talking about XRP ETF flows. XRP wallets are booming. We're going to take a look if that's the case and some

other ETF stuff. And we're also going to loop back into the Ethereum troubles. We have a

proposal from Dank Rad Feist for a $1 billion treasury unit to go and I guess do business development.

We chatted about that the other day.

We're going to jump back into that conversation.

So enough jibba jabba.

This is the breakdown.

Let's get to it.

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Step into a new era of digital wealth. Earn interest on your digital assets. Borrow against them without selling and trade all in one platform. Get started at nexo.com slash breakdown. Nothing said on the breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only and any views expressed by anyone on the show are opinions, not financial advice. Host and guests may hold positions in the company's funds or projects discussed. Okay, first, let's quickly chat about Hyper Liquid. Everyone's favorite coin right now. Everyone is super bullish on Hyper Liquid, and I suppose with good reason. I've got the chart up on my screen. If you're just listening to the audio, I apologize. As always, I'm going to try and convey what I'm seeing on screen appropriately so you can easily follow along. But it's basically the hype chart. And you can see that

we have breached all-time high again. All-time high this time around, 62-18 is what the read

is, $62.18. That beats the all-time high set in September 19 of around $59. So we've

broken all-time high. That's a big deal. And yeah, out of curiosity, I thought I'd check like

how that is looking comparatively to the rest of the crypto market. So I had jumped on coin market cap because they have a decent, effectively a way back

machine for crypto market leaderboards.

And yeah, I've got it up on my screen also.

And this is from January 4.

So at the start of the year, hype was actually in 13th place stuck in between chain link and

Zcash with a market cap of around $9 billion.

And if we jump to today, I'm also going to share that on my screen, Hyper Liquid is now has flipped Zcash,

but it's still in only 10th place.

So, but a market cap of $15 billion.

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