{"id":96974,"date":"2026-05-10T18:24:28","date_gmt":"2026-05-10T15:24:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96974"},"modified":"2026-05-10T18:26:04","modified_gmt":"2026-05-10T15:26:04","slug":"the-week-in-crypto-bitcoin-holds-above-80000-as-hyperliquid-debuts-prediction-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/the-week-in-crypto-bitcoin-holds-above-80000-as-hyperliquid-debuts-prediction-markets\/","title":{"rendered":"The week in crypto: bitcoin holds above $80,000 as Hyperliquid debuts prediction markets"},"content":{"rendered":"<p>Bitcoin held above $80,000; Hyperliquid entered prediction markets; a critical bug was fixed in Bitcoin Core; and other highlights from the week.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin retests $81,000<\/h2>\n<p>On the morning of May 4th the price <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-the-psychological-barrier-of-80000\">broke above<\/a> the $80,000 psychological threshold. A shift in headlines around the US\u2013Iran conflict was among the drivers.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ea23f0f20c278b85-4027123436810752.webp\" alt=\"image\" class=\"wp-image-279804\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USD on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In the following days the asset extended gains, rising <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-hits-82000-as-analysts-expect-the-rally-to-continue\">above $82,000<\/a>.\u00a0<\/p>\n<p>On May 6th the price on Binance hit $82,791, then pulled back. The cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tests-support-at-80000-amid-geopolitical-tensions\">held $80,000<\/a> and began testing $81,000 again.<\/p>\n<p>Over the week bitcoin was up roughly 2.9%, while ether was little changed around $2,320.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e5b1acba06915d35-4027123489882614.webp\" alt=\"image\" class=\"wp-image-279805\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>.<\/figcaption><\/figure>\n<p>Several large altcoins outpaced the bellwether. SOL added more than 11%, BNB about 5.2%, HYPE rose 4.5%, and TRON\u2019s token gained 4%.<\/p>\n<p>Spot bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> logged a sixth straight week of net inflows, for the first time since July 2025, taking in $622.75m.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b5de4742e1db03f7-4027123508188957.webp\" alt=\"image\" class=\"wp-image-279808\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Ethereum-based funds saw $70.5m of inflows, not enough to offset the prior period\u2019s $82.5m outflows.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ab1de6c449589b79-4027123531201710.webp\" alt=\"image\" class=\"wp-image-279806\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>The crypto <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">fear-and-greed index<\/a> dipped to 38 during the week but ended at 47, in neutral territory.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-2609123f51221a6e-4027123485103691.webp\" alt=\"image\" class=\"wp-image-279807\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.<\/figcaption><\/figure>\n<p>Total market capitalisation is $2.69trn; bitcoin\u2019s dominance is 60.2%; ether\u2019s share is just over 10%.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid launches prediction markets<\/h2>\n<p>Developers of the decentralised exchange <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> activated HIP-4 on the HyperEVM mainnet. The headline addition <a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-launches-prediction-markets\">was<\/a> prediction markets.<\/p>\n<p>On day one, trading volume reached 6.05m contracts. For comparison, over the same period Kalshi recorded 546m contracts, and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-polymarket\">Polymarket<\/a> 190m.<\/p>\n<p>HIP-4 lets users create markets on outcomes within Hyperliquid\u2019s infrastructure. To launch one, a user must <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">stake<\/a> 1m HYPE. The approach differs from Polymarket, which requires platform approval.<\/p>\n<p>Contracts are natively integrated into the L1 HyperEVM network. On Polymarket, event wagers are a separate product on Polygon\u2019s <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a>.<\/p>\n<p>Predictions are available in the same wallet and trading interface as other Hyperliquid tools. P&#038;L settles in the project\u2019s USDH <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a>. Trading uses a central limit order book.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What to discuss with friends?<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>Morgan Stanley <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-foresees-bitcoin-on-u-s-bank-balance-sheets\">raised the prospect<\/a> of bitcoin appearing on American banks\u2019 balance-sheets.<\/li>\n<li>A biologist <a href=\"https:\/\/forklog.com\/en\/news\/biologist-attributes-consciousness-to-claude\">claimed<\/a> Claude is conscious.<\/li>\n<li>Anthropic <a href=\"https:\/\/forklog.com\/en\/news\/anthropic-empowers-claude-with-dreaming-for-self-learning\">taught<\/a> Claude to \u201cdream\u201d for self-learning.<\/li>\n<li>Strategy <a href=\"https:\/\/forklog.com\/en\/news\/strategy-considers-bitcoin-sale-amid-12-7-billion-quarterly-loss\">mooted<\/a> selling bitcoin amid a quarterly loss of $12.7bn.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Bitcoin Core developers fix a critical vulnerability<\/h2>\n<p>The Bitcoin Core team patched a memory-safety bug. A significant share of nodes still runs vulnerable software.<\/p>\n<p>The flaw was found by researcher Cory Fields, who reported it on November 2nd 2024.\u00a0<\/p>\n<p>A few days later developer Pieter Wuille issued a stealth patch, presenting it neutrally as another improvement to parallel script-verification debugging so as not to alert would-be attackers.<\/p>\n<p>The fix landed in the codebase in December 2024 and shipped with Bitcoin Core 29.0 in April 2025. The last vulnerable 28.x branch reached end of life on April 19th 2026\u2014only then did developers disclose the details.<\/p>\n<p>Bitcoin Core stressed that the vulnerability did not affect blockchain consensus rules and concerned only local memory handling in node software.<\/p>\n<h2 class=\"wp-block-heading\">Western Union launches a Solana-based stablecoin<\/h2>\n<p>Western Union <a href=\"https:\/\/forklog.com\/en\/news\/western-union-introduces-stablecoin-on-solana-platform\">launched<\/a> its own stablecoin, USDPT, on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> blockchain. The coin is issued by the crypto bank Anchorage Digital.<\/p>\n<p>The token\u2019s reserves are held in US dollars. Integrating Solana will speed up settlements and bypass traditional interbank systems and their delays.<\/p>\n<p>Western Union chief Devin McGranahan said the introduction of a regulated digital dollar would create an efficient settlement layer for partners and agents.<\/p>\n<p>In 2026 the company plans to launch Stable by Western Union, allowing customers in 40 countries to spend stablecoins directly. USDPT will also be listed on licensed crypto exchanges.<\/p>\n<p><strong>Also on ForkLog:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>No secrecy in chats: law enforcement <a href=\"https:\/\/forklog.com\/en\/news\/law-enforcement-utilises-chatgpt-conversations-in-murder-charges\">used<\/a> conversations with ChatGPT to bring a murder charge.<\/li>\n<li>The market cap of tokenised US Treasuries on Ethereum <a href=\"https:\/\/forklog.com\/en\/news\/tokenised-us-treasuries-on-ethereum-hit-a-record-8bn\">hit<\/a> a record $8bn.<\/li>\n<li>Zcash <a href=\"https:\/\/forklog.com\/en\/news\/zcash-to-introduce-quantum-resistant-wallets\">will release<\/a> quantum-resistant wallets.<\/li>\n<li>Kalshi <a href=\"https:\/\/forklog.com\/en\/news\/kalshi-secures-1-billion-at-a-22-billion-valuation\">raised<\/a> $1bn at a $22bn valuation.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Galaxy proposes a strategy to protect bitcoin from quantum attacks<\/h2>\n<p>Alex Thorn, head of Galaxy Research, outlined the impact of quantum computing on bitcoin. A consensus is emerging on two key points.<\/p>\n<p>Thorn argues that Satoshi\u2019s coins (P2PK format) should not be touched even under threat of compromise. Violating the creator\u2019s property rights would undermine bitcoin\u2019s value proposition.\u00a0<\/p>\n<p>The risk of expropriating those funds is lower than commonly assumed. The coins are spread across 22,000 addresses. An attacker would have to crack each wallet individually, not the entire network at once. He noted that the market could absorb even a sharp dump of coins. In his view, bitcoiners would prefer temporary price pain to compromising the protocol\u2019s first principles.<\/p>\n<p>Thorn backed the development of post-quantum cryptography. Testing new algorithms and optimising signatures benefits the network, so long as it does not spark community rifts or distract developers from other tasks.\u00a0<\/p>\n<p>He proposed preparing a technical fix and \u201cputting it on the shelf\u201d so it can be deployed quickly once the quantum threat becomes real.\u00a0\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>What else to read?<\/strong><\/h2>\n<p>We <a href=\"https:\/\/forklog.com\/en\/news\/neither-dead-nor-triumphant\">explain<\/a> what is happening in the InfoFi niche after a blistering rise, spam accusations and a crackdown by X.<\/p>\n<p>We <a href=\"https:\/\/forklog.com\/en\/news\/web3-will-look-different\">sketch<\/a> a Web3 future in which decentralisation is achieved via personal and local apps built by AI agents.<\/p>\n<p>We <a href=\"https:\/\/forklog.com\/en\/news\/canadas-first-sms-blaster-a-daemon-tools-trojan-and-other-cybersecurity-news\">round up<\/a> the week\u2019s most notable security events in our traditional digest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin held above $80,000; Hyperliquid rolled out prediction markets; a critical Bitcoin Core bug was fixed; and more from the week.<\/p>\n","protected":false},"author":1,"featured_media":96975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin tops $80,000; Hyperliquid adds prediction markets; Bitcoin Core fixes critical bug.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1233,1244],"class_list":["post-96974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-industry-digests","tag-weekly-summary"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin tops $80,000; Hyperliquid adds prediction markets; Bitcoin Core fixes critical bug.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96974"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96974\/revisions"}],"predecessor-version":[{"id":96976,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96974\/revisions\/96976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96975"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}