Bitcoin Reserve Push, TradFi Rails & Hyperliquid’s Rise

Late May marked another step in crypto’s shift from speculation to financial infrastructure.The ARMA Act advanced the push for a U.S. Strategic Bitcoin Reserve, while the CLARITY Act moved digital asset regulation closer to a federal framework. At the same time, Schwab, Morgan Stanley, Visa, Western Union, and Stripe expanded crypto trading, payments, and stablecoin rails.Hyperliquid gained momentum through new ETF access and a Coinbase USDC treasury partnership, while prediction markets moved into private-market valuation contracts. But the KelpDAO exploit and Bitcoin Depot bankruptcy showed that weak infrastructure is still being exposed.In this episode:• ARMA Act advances the Bitcoin Reserve push• CLARITY Act moves crypto regulation forward• TradFi expands crypto and stablecoin rails• Hyperliquid gains ETF and Coinbase momentum• Prediction markets move into unicorn valuations• KelpDAO and Bitcoin Depot expose infrastructure riskCrypto’s rails are maturing fast — but the market is starting to separate durable infrastructure from fragile models.