Nancy
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The watershed moment for HIP-3: After Trade.XYZ swallowed up 90% of the market, several other players withdrew from the market.
The Hyperliquid HIP-3 market has surpassed $300 billion in transaction volume, but the ecosystem is rapidly fragmenting. Trade.XYZ monopolizes over 90% of the market share, while Felix, Ventures, and others have shut down. Most deployers have a payback period of up to four years, making it difficult for new entrants to survive.
Nancy
As the trillion-dollar clock strikes, Wall Street welcomes the SpaceX moment.
SpaceX, the largest IPO in history, debuted on Nasdaq, with a valuation exceeding $2 trillion on its first day of trading, making Elon Musk the world's first trillionaire. Global capital rushed to buy, while cryptocurrency users were left out, turning IPO subscriptions into protests.
Nancy
Trade.xyz's refusal to rebase sparks controversy, putting the on-chain pre-IPO market to a major pricing test.
Trade.xyz has sparked controversy over its SPCX pre-market contract pricing rules, resulting in liquidation losses for users. The official response is that it does not rely on market capitalization or total share capital data, and that on-chain pre-IPOs face challenges from the rebase mechanism.
Nancy
$250 billion scramble for SpaceX shares; are people selling IPO tickets on Xianyu (a second-hand marketplace)?
With SpaceX's IPO imminent, global funds are scrambling to buy shares. Gray market IPOs have emerged on Xianyu (a Chinese online marketplace for secondhand goods). Crypto platforms such as Kraken, Bybit, and Gate have opened subscription channels. How can retail investors seize this once-in-a-century IPO opportunity?
Nancy
Seniors borrow money to speculate in stocks, the whole nation is increasing leverage, and the "Ant Army" panics after the South Korean stock market plunge.
The South Korean stock market crash triggered a circuit breaker, leading to massive margin calls and widespread panic. From infants opening ETF accounts to elderly people withdrawing their insurance premiums to borrow money to speculate in stocks, South Korea has seen a nationwide stock market frenzy, prompting regulators to warn of herd mentality.
Nancy
Capital flees in panic, Bitcoin enters a volatile summer.
The AI ​​frenzy propelled US stocks to new highs, but Bitcoin bucked the trend and faced pressure. With a surge in selling pressure and accelerated capital outflows, Bitcoin repeatedly breached several key psychological levels.
Nancy
MEME guerrillas "invade" the US stock market, causing fringe stocks to be heavily speculated on, and some people accidentally become major shareholders?
Binance lists US stocks, crypto funds are hot on Wall Street fringe stocks, risks and opportunities coexist, and CEXs are starting a new growth curve.
Nancy
HYPE's market capitalization has broken into the top ten, and ICE has publicly praised it. Could Hyperliquid be "recruited" by ICE?
HYPE broke through $72, hitting a new all-time high, and its market capitalization surpassed Dogecoin to enter the top ten globally. With 90% of its revenue used for buybacks, its ETFs continuing to attract funds, the US approving perpetual contracts, and ICE publicly expressing its support, how will Hyperliquid secure its place in the mainstream financial markets?
Nancy
Musk "talks down the old man"
SpaceX's mega-IPO is about to take place, pushing Musk's net worth to a trillion dollars, while early allies reap hundreds of times the returns. However, with Wall Street relaxing index rules, the biggest "old man crash" game in history is officially underway, using the index as a pretext.
Nancy
The "account opening street" in Tsim Sha Tsui is empty; people trading Hong Kong and US stocks are flocking to secluded corners...
The surge in Hong Kong stock trading accounts has been met with a crackdown by regulators in both Hong Kong and mainland China, resulting in fines exceeding HK$2.2 billion for three platforms, including Futu and Tiger Brokers, significantly raising the bar for cross-border stock trading. Mainland investors are turning to overseas brokers and encrypted trading channels, further shrinking grey-area shortcuts.
Nancy
Who will carry the flag? How will Ethereum move forward in the post-foundation era after losing its "big brother"?
The Ethereum Foundation has voluntarily stepped down from its leading role, and Vitalik Buterin responded to market controversies by stating that maintaining the price of ETH is not his responsibility. In the post-Foundation era, how Ethereum, currently in a downtrend, can initiate an upward trend through policy reforms is a more pressing issue for the market.
Nancy
A robotics-themed micro-strategy is here! Can ordinary people also invest in robotics giants?
Andrew Kang transitioned from crypto to robotics, founding RoboStrategy which went public on Nasdaq and raised $2 billion. He has already invested in star companies like Figure. Can he replicate the capital flywheel effect of Strategy?
Nancy
The SEC may give the green light to tokenized stocks, allowing crypto players to enter the market and vie for pricing power on Wall Street.
As tokenized stocks hit record daily trading volumes, Polymarket partners with Nasdaq to enter the pre-IPO prediction market, Hyperliquid's on-chain pricing challenges Wall Street, and the SEC's innovation exemption may be released this week, accelerating the mainstreaming of on-chain finance.
Nancy
The Ethereum Foundation faces restructuring challenges following the loss of several veteran leaders in four months.
In just a few months, several core members have left the Ethereum Foundation (EF), further dampening the already low morale of the Ethereum community, especially given the current relatively weak performance of ETH prices.
Nancy
Divergent views emerge among Ethereum investors: Harvard exits, which institutions are contrarian "buying the dip"?
Recently, Ethereum's price has consistently lagged behind mainstream assets, failing to break through resistance levels multiple times. Meanwhile, with spot demand for Ethereum falling to its lowest level this year, market concerns about further downside are growing, and institutional activity is gradually becoming a focus.
Nancy
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