Bitwise CIO: Cryptocurrency Set to See 10x to 20x Growth in the Next Decade

April 2nd — Hyperinsight monitoring data shows that over the past 20 minutes, the "buy the dip" whale (address 0x965) opened a 50x-leveraged short position on the S&P 500 with a position size of $12.2 million, at an average entry price of $6,453.5. Ten minutes after opening, the position was down 19% (roughly $45,000) and is currently being liquidated at $6,537.7. Additionally, the address has fully closed its newly opened Brent Oil short position today, posting a total daily loss of $806,000. It has also sequentially deposited $478,000 into Hyperliquid.

April 2nd — Tass News Agency reports that Russia has imposed a ban on gasoline exports by producers through the end of July.

**April 2 Update** Per official data from Hyperliquid (via https://app.hyperliquid.xyz/join/NTOD), April 1 activity included: - HyperCore repurchasing 43,749.54 HYPE at an average price of ~$36.77; - 26,657 HYPE distributed to stakers and 24 validating nodes; - A net permanent burn of 17,092 HYPE (offsetting repurchases against distributions) → ~17,000 HYPE in daily net deflation. Extrapolating this daily rate suggests ~6.15 million HYPE in annual deflation. By comparison, Solana adds ~25.19 million SOL yearly via staking and validator rewards (driven by inflation). Notably, HyperCore’s repurchase efficiency is negatively correlated with price—designed to smooth supply pressure across market cycles.

On April 2, per Cointelegraph, Alabama Governor signed the Decentralized Nonprofit Organization Act—making the state the second, after Wyoming, to grant legal status to decentralized autonomous organizations (DAOs). The legislation provides DAOs with legal standing and limited liability protection, granting them full legal entity status to own property, sue and be sued, enter into contracts, and shield individual members and managers from personal liability. Eligibility requires a DAO to have at least 100 members and operate for a common nonprofit purpose, such as governing a blockchain network or smart contract system. The policy head at a16z Crypto stated that decentralized governance is core to crypto’s future, and this act gives decentralized communities certainty to build, govern, and scale in the real world. A similar West Virginia bill has passed the House and is awaiting the governor’s signature.

April 2nd: Binance Alpha will launch an airdrop at 4:00 PM today, per an official announcement. Users with at least 242 Alpha points can claim their tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes. Additional details will be released shortly.

April 2nd — Axe Compute, the Nasdaq-listed firm (ticker: AGPU) built on the Aethir decentralized GPU network, released its fiscal 2025 annual report Tuesday, becoming the first publicly traded company to disclose progress on its decentralized computing power business to institutional investors via annual performance filings. Key report highlights: - Total executed contract value over the past 30 days: ~$12 million - Estimated Q2 monthly revenue: $835,000 - Enterprise customer count: More than 20 Post-report trading saw AGPU notch a single-day intraday high gain of 152%, with daily volume surging to 900x its 20-day average and total daily turnover topping $300 million. All enterprise computing power deployments are delivered via the Aethir network, which spans 94 countries, 200+ nodes, over 435,000 GPU containers, and has cumulatively delivered 1.8+ billion computing hours.