Goldman Sachs buys NEOS for $2.25B as Bitcoin drifts near $63,500 on Fed watch

Bitcoin spent the day in a narrow band around $63,500, and the flat price action reflects where macro attention is right now: traders have absorbed the latest CPI data and are now waiting on the Federal Reserve's next signals before committing to a direction. With the Fear & Greed index at 29 — deep in fear territory — there's little appetite for risk-taking, and that's showing up across the board. The Goldman Sachs–NEOS deal is the session's most consequential development. Goldman is paying up to $2.25 billion to acquire NEOS, an ETF provider with Bitcoin and Ethereum income products. For a bank of Goldman's stature to write a check that size for crypto ETF infrastructure is a meaningful data point about where institutional money is heading, even if it didn't move Bitcoin's price today. In DeFi, Uniswap's continued slide — down 5% today after a 9% drop yesterday — traces directly to the SEC's tightening posture on decentralized exchange protocols. When regulators signal enforcement interest in a specific category of product, the tokens associated with those protocols tend to reprice quickly, and that's what's happening here. Hyperliquid bucked the trend, rising 5% after its treasury vehicle Hyperion reported a threefold jump in quarterly profits, driven by appreciation in HYPE holdings. Dogecoin fell 2%, consistent with a broader collapse in retail speculative interest — speculative activity in DOGE has reportedly returned to October 2025 levels while the token sits 70% below its peak.

• –The SEC approved Franklin Templeton's use of its onchain BENJI system for fund cash management — a regulatory green light for tokenized fund infrastructure that could open the door for other asset managers to follow.
• –Dogecoin speculative activity has fallen to October 2025 levels while the token trades 70% below its all-time high, reflecting how far retail enthusiasm for meme coins has retreated.
• –Hyperliquid's treasury vehicle Hyperion reported a threefold increase in quarterly profits, driven by rising HYPE token valuations — the direct catalyst behind HYPE's 5% gain today.