Crypto Update: BTC $103K. HYPE +8.6%. Coinbase Refuses $20M Ransom

Bitcoin holds above $103K while HYPE token surges 8.6% to $27! Today's crypto market update reveals a major rotation from Internet Capital Markets to revenue-generating protocols like Hyperliquid. Coinbase confirms a significant data breach affecting 1% of users and refuses to pay a $20M ransom, offering equal bounty for catching attackers instead. This comes just as they prepare to join the S&P 500 on May 19th. 📊 MARKET OVERVIEW (May 17, 2025): • Bitcoin: $103,224 (-1% 24h) • Ethereum: $2,488 (-3.23% 24h) • Internet Capital Markets sector: -8.16% • DeFAI sector: +23.9% • Social-fi: +4.03% ⚡ KEY HIGHLIGHTS: 00:42 - Bitcoin and Ethereum price analysis 01:18 - Sector rotation to revenue-generating protocols 01:55 - Hyperliquid (HYPE) surges 8.6% with impressive tokenomics 02:47 - Coinbase data breach and $20M ransom refusal 03:58 - Believe app creator controversy and ICM narrative concerns 04:38 - Abstract partners with Red Bull Racing for F1 collectibles 05:15 - Key events for next 72 hours (Deribit options, S&P 500, GENIUS Act) 🔥 UPCOMING EVENTS: • Deribit options expiry ($3.1B) - Today at 14:00 UTC • Coinbase joins S&P 500 - May 19th • Senate GENIUS Act vote on stablecoin regulation - May 19th • Ethena (ENA) token unlock - May 20th 💰 What's your view on the rotation from speculation to revenue-generating protocols? Comment below! 📱 Stay connected with Crypto Pulse by Moonward Capital: https://linktr.ee/moonwardcapital 📈 Subscribe for market intelligence delivered twice daily - stay ahead of the crowd! #CryptoUpdate #BitcoinPrice #CoinbaseBreach #HYPEtoken #CryptoNews