New York-based blockchain data analytics company Allium has raised $40 million in a Series B funding round led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures. The firm provides cleaned blockchain data to institutional clients including Visa and the U.S. Federal Reserve, and aims to capitalize on the rise of AI agents.
SpaceX's IPO saw retail investors drive the stock from $150 to $225 before a 16.4% crash back to the open price. With only 5% of shares tradable, insiders could sell up to 44% starting in August, suggesting more selling pressure ahead.
TRON has recently updated its official brand mascot Boniu with a more approachable design, aiming to strengthen emotional connections with users and convey an open and innovative brand philosophy.
The crypto industry is undergoing a fundamental functional shift: native asset narratives are exhausted, while mapped assets are booming. Stablecoins, on-chain US stocks, and perpetual contracts have become the new protagonists, transforming crypto from a 'new asset factory' into a 'global asset gateway.' Hyperliquid's rise, Ethereum's value-capture dilemma, and the infrastructuralization of DeFi all confirm this turning point. Perpetual contracts, as the most successful financial innovation, turn assets into price symbols tradable 24/7, but they also embed dangerous seeds.
The HYPE spot ETF has recorded 14 consecutive days of net inflows totaling over $136 million, absorbing nearly 1% of HYPE's total market cap. Institutional FOMO has pushed the token to a new all-time high of $75. This article examines HYPE's fundamentals from ETF flows, protocol revenue buybacks, and institutional accumulation.
The crypto industry is experiencing a tectonic shift: the era of native asset issuance and narrative-driven hype is fading, replaced by the mapping of real-world assets like US stocks and gold onto blockchains. Through perpetual contracts, users now trade global price exposure 24/7. This article traces the transformation, examining the struggles of Ethereum and DeFi, the four waves behind Hyperliquid's rise, and argues that perpetual contracts are the most successful—and most dangerous—financial innovation in crypto history.
HYPE has hit a new all-time high of $75, backed by 14 consecutive days of net inflows into its spot ETFs, which have absorbed nearly 1% of the market cap. Meanwhile, BTC and ETH ETFs are recording massive outflows. Hyperliquid's fee-buyback mechanism and institutional accumulation by a16z and Galaxy Digital add further support, while Grayscale's upcoming staking ETF and potential Russell 3000 inclusion for PURR provide additional catalysts.
At a House oversight hearing on Thursday, Acting Comptroller of the Currency Jonathan Gould and New York Rep. Gregory Meeks clashed over Donald Trump's influence on regulators he nominated, with Gould claiming only Democrats have applied political pressure regarding a crypto trust charter.
