Hyperliquid Autonomous Fund repurchased $31.03 million worth of HYPE tokens in 7 days, removing 0.21% of circulating supply. This strategic move demonstrates financial strength and confidence, boosting market sentiment.
A BlackRock executive stated during a panel at Consensus Hong Kong that a mere 1% allocation to crypto in Asian portfolios could unlock nearly $2 trillion in new capital for the digital asset market. Nicholas Peach highlighted the region's roughly $108 trillion in household wealth, arguing that modest adjustments in traditional models could have outsized effects. BlackRock's iShares Bitcoin ETF (IBIT) has grown to nearly $53 billion in assets under management, with significant Asian investor contributions. Meanwhile, regulators in Hong Kong, Japan, and South Korea are moving toward broader crypto ETF offerings. BlackRock CEO Larry Fink has shifted from a Bitcoin critic to acknowledging its potential as a hedge against financial insecurity and currency debasement, while warning of its short-term volatility.
BlackRock executive Nicholas Peach said at Consensus Hong Kong that a modest 1% allocation to crypto in Asian portfolios could generate nearly $2 trillion in new capital inflows, given the region's $108 trillion in household wealth. BlackRock's CEO Larry Fink has shifted from a Bitcoin critic to acknowledging its potential as a hedge, while warning of volatility. Bitcoin has fallen 30% from its $100,000 all-time high to around $68,000, with technical indicators suggesting a range-bound period ahead.
Gate exchange announced its stock derivatives zone will go live on July 1, 2026 at 14:00 UTC+8, listing 9 USDT-margined perpetual contracts including PDD (Pinduoduo), STRC (MicroStrategy Series A Perpetual Preferred Stock), TSEM (Tower Semiconductor), AAL (American Airlines), and others. Leverage from 1x to 20x is supported. This move expands Gate's derivative product suite and provides a crypto-native gateway to traditional equity exposure.
On July 1, Gate officially launched its stock derivatives zone, introducing nine U.S. stock perpetual contracts including PDD (Pinduoduo) and STRC (MicroStrategy Series A Perpetual Preferred Stock). All contracts are settled in USDT and support 1-20x leverage. This move marks the further expansion of crypto exchanges into traditional equity derivatives, providing investors with convenient on-chain exposure to stocks.
Gate.io announced that its stock derivatives section will list perpetual contracts for 9 underlying assets including PDD (Pinduoduo), STRC (MicroStrategy Series A perpetual preferred stock), TSEM, AAL, AMKR, ASX, MVLL, FLEX, and APD starting July 1, 2026 at 14:00 UTC+8. All contracts are settled in USDT and support 1-20x leverage. This move bridges traditional equities with crypto derivatives, offering crypto traders direct exposure to major US stocks. The inclusion of MicroStrategy preferred shares, a company heavily invested in Bitcoin, adds particular relevance to the crypto audience.
Animoca Brands, once a traditional mobile game developer struggling with negative cash flow and a 95% stock price crash, transformed itself into a leading NFT and metaverse unicorn. The turning point came in 2018 with the acquisition of The Sandbox and strategic investments in CryptoKitties, Axie Infinity, Decentraland, and Dapper Labs. By leveraging its deep experience in popular IP licensing (Garfield, F1, Bundesliga, Olympics), the company attracted top investors like Sequoia China, KKR, and Liberty City Ventures, reaching a $5 billion valuation. This article traces Animoca Brands' journey from delisting on the ASX to becoming the most active NFT investor, with nearly 200 projects in its portfolio and a pipeline of high-quality blockchain games.
Animoca Brands, once a Hong Kong-based traditional mobile game developer forced to delist in 2020, has reinvented itself as a leading NFT and metaverse unicorn. Starting with a Cryptokitties license in 2018 and the acquisition of The Sandbox, the company invested early in Axie Infinity's developer Sky Mavis, Decentraland, Dapper Labs, and nearly 200 other NFT-related projects. Its valuation soared from $1 billion to $5 billion in just one year, with plans to reach $10 billion. The article also explores Animoca's unique IP-driven strategy—from Garfield games to Beijing Winter Olympics NFTs—and its ongoing efforts to produce high-quality blockchain games like Phantom Galaxies.
