A recent report by Multicoin Capital forecasts Hyperliquid's native token HYPE to reach a base valuation of $319 by 2028, implying roughly 4x upside. The report attributes this to a CEX-aligned revenue model: high trading market share, 99% protocol revenue used for buyback and burn, HIP-3 market deployment mechanism, USDC reserve yield, and wallet expansion. However, the valuation heavily depends on revenue realization, posing risks. This article delves into the valuation rationale and key variables.

The World Cup has driven prediction market volumes and user engagement to all-time highs, but ordinary users manually copying 'smart money' often suffer losses. PPP (Prediction Position Platform) employs AI modeling and human review to filter truly replicable, stable trading addresses based on profit frequency, win rate, drawdown, and other dimensions. It offers two product tiers—Strategy Plaza (low-drawdown, high-stability) and Trading Leaderboard (short-term high-yield)—delivered via a Telegram Bot. The author tested with $100 and saw a single-day return of over 60%, but warns of high volatility and risk management requirements.

Multicoin Capital's latest report forecasts Hyperliquid token HYPE to reach a base valuation of $319 by 2028, representing roughly 4x upside from current levels. The report highlights the core support from Hyperliquid's CEX-like profitable model: high trading market share, 99% protocol revenue used for buyback and burn, HIP-3 market deployment mechanism, USDC reserve yield, and wallet onboarding expansion. However, the valuation is highly dependent on actual revenue delivery in the coming years.

Multicoin Capital's latest report projects Hyperliquid's native token HYPE to reach a base valuation of $319 by 2028, representing roughly 4x upside from current levels. The valuation is underpinned by a CEX-like revenue model: high trading share, 99% of protocol revenue used for buybacks and burns, HIP-3 market deployment mechanism, USDC reserve yield, and wallet onboarding expansion. However, the report emphasizes that the forecast is highly dependent on actual revenue realization; if revenue growth falls short, the valuation faces significant downside. This article breaks down the report's logic and highlights key risks.

据链上分析师监测，某巨鲸在币安单笔买入545.5万美元的SK海力士（SKHYNIX），导致其合约价格短时冲高至1830美元后迅速回调至1786美元。该动向引发市场对SKHYNIX合约流动性及后续走势的关注。

Binance has recorded a net outflow of over $400 million this week following its decision to withdraw a MiCA license application in Greece, according to DefiLlama data. The outflows accounted for 0.3% of the exchange's tracked assets ($133.3 billion). The largest single-day outflow of $1.96 billion occurred on the day of the announcement, followed by $2.52 billion and $1.46 billion on subsequent days. The EU's MiCA transition period ends on July 1, after which unauthorized platforms cannot serve EU users. Binance has started notifying some EU users to move funds. Co-founder Yi He noted Europe represents only about 1% of spot trading volume, but the company remains committed to securing MiCA licensing.

Blockchain intelligence firm AMLBot has detected a front-end script injection attack on Polymarket users on Polygon, resulting in the theft of approximately $3.1 million in PUSD. The attacker injected malicious scripts into the frontend, tricking users into signing EIP-7702 delegate execution authorizations, which allowed the attacker to drain wallets. Stolen funds were converted via Relay to USDC.e, bridged to Ethereum, swapped for ETH, and concentrated into three new wallets holding roughly 1,891.9 ETH. AMLBot draws parallels to the 2024 1inch attack, where the Lottie Player library was compromised, highlighting the persistent risk of third-party script vulnerabilities leading to frontend contamination.

Multicoin Capital 最新研报预测 Hyperliquid 代币 HYPE 到 2028 年基准估值可达 319 美元，较当前价格有约 4 倍上涨空间。报告指出，核心支撑来自类似中心化交易所的盈利模式：高交易市场份额、99% 协议收入用于回购销毁、HIP-3 市场部署机制、USDC 储备收益及钱包入口拓展。然而，该估值高度依赖实际收入兑现，需关注竞争加剧和监管不确定性。本文深入拆解报告核心论点与潜在风险。