NVDA earnings ahead lifts crypto risk-on mood; HYPE jumps

Crypto markets turned green overnight as oil pulled back, with BTC around $77.4k and ETH near $2,130. NVDA earnings are the key catalyst: a strong Nvidia beat and guidance could validate the AI infrastructure trade and support crypto upside, while a miss or weaker China export signals may pressure the rebound. NVDA earnings historically move BTC/ETH meaningfully by several percent, so traders are watching volatility closely. HYPE led majors, up ~5% on the day and ~27% over a week, supported by Hyperliquid volume records and a Coinbase/USDC-related partnership narrative. Other top movers included VVV (+~26%), LIT (+~26%), DASH (+~14%), and JUP (+~8%). Despite the upbeat tone, sector-specific risks continued. Monad’s Echo Protocol (Monad) faced an admin-key compromise that initially looked like a ~$76M loss; realized losses were about ~$816k as the team regained keys, burned remaining eBTC, and shut down cross-chain functionality. Polymarket launched private company prediction markets in partnership with Nasdaq, expanding retail access to milestone bets (e.g., OpenAI funding valuation, SpaceX IPO timing). Regulatory/flow headlines also matter for positioning: the White House teased an “imminent” update on the Strategic Bitcoin Reserve framework, while Bitcoin ETFs saw net outflows of about $331M on Tuesday (nearly $1B on the week) and ETH ETFs saw ~$62M outflows. Separately, the Zcash Foundation said the SEC closed its tokenized-stock-related investigation with no enforcement action.