创新 · 15402

Data: Hyperliquid Builder Codes has a nominal transaction of nearly $1 billion in a single day, with many indicators reaching new highs

According to Blockworks data, Hyperliquid Builder Codes reached a record high of $989.4 million in nominal sales on August 21. Of this, perpetual contracts were approximately US$983.9 million, and the spot price was approximately US$5.408 million, resulting in a market of approximately US$66,000. The number of traders on the same day was about 399.82 million, and Builder's total revenue was about US$781,600, which also hit a recent high. Of the revenue contributions, MetaMask is about $142,600, Phantom is about $11.43 million, Trust Wallet is about $8.69 million, followed by Invo, Based, and fomo.

1m ago

The global bond market is currently selling off, and the scale of panda bond issuance has reached a record high

Comparative news. According to CCTV financial reports, the yield on long-term treasury bonds of the world's major economies has continued to rise recently, and the sell-off pressure on the bond market is heating up. However, the Chinese bond market and exchange rate have maintained a relatively smooth operation, and the scale of panda bond issuance has reached a record high for the same period in history. According to the data, as of August 21, the cumulative issuance scale of panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% over the previous year. Against the backdrop of drastic fluctuations in global bond markets, international institutions are increasing domestic RMB financing, drawing attention. According to industry insiders, we are in a completely different economic and monetary cycle than overseas. Foreign capital accounts for only about 5%-8% of China's bond market, and domestic capital has absolute pricing power. Combined with our monetary policy, we insist that I am the main focus, and overseas shocks cannot reverse the overall trend of the domestic bond market. Looking ahead to the future market, industry insiders believe that the yield on overseas bonds is likely to remain high, the allocation value of RMB bonds is prominent, and the medium to long term may welcome a continuous increase in foreign capital allocation. However, it is also important to note that higher yields on US bonds have raised the return threshold for global allocated funds, and may disrupt the will of overseas institutions to increase their holdings of RMB bonds. Furthermore, the rapid rise in bond yields in overseas developed countries may also limit domestic risk asset valuations.

8h ago

LIT breached $3.27 for a short time, reaching a record high

Comparative news, according to HTX market data, LIT broke through $3.27 in a short time, reaching a record high. It is now at $3.2, up 13.21% in 24 hours. Lighter CEO Vladimir Novakovski is a member of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee.

10h ago

Founder of Qiaoshui Fund: The risk of US bonds is rising. It is recommended to reduce bond holdings, increase gold holdings, and a small amount of Bitcoin

Comparing news, the founder of the Bridgewater Fund, Ray Dalio wrote that recent events such as the Japanese government's sale of some US bonds, record high yields on US long-term treasury bonds while weakening the US dollar, and the US Treasury's announcement to buy treasury bonds are highly similar to the “classic debt restructuring template” proposed by the US Treasury. Dalio believes that when the growth rate of government debt exceeds the growth rate of revenue, interest expenses will continue to squeeze fiscal space; if the supply of treasury bonds exceeds market demand, it may push yields to rise further and force the central bank to stabilize the market by purchasing treasury bonds and increasing the money supply, thereby weakening the value of money. In this context, Dalio proposed reducing bond allocations, increasing non-debt assets such as gold, and allocating a small amount of Bitcoin.

23h ago

Crypto industry association sues Illinois to challenge 0.2% digital asset tax

According to CoinDesk, the Crypto Innovation Commission (CCI) and Blockchain Association (Blockchain Association) recently filed a civil lawsuit in Sangam County, Illinois, to officially join the legal challenge to the state's digital asset tax policy. The move comes on the heels of a lawsuit initiated by the Digital Chamber of Commerce (Digital Chamber) last month, and marks a further escalation of the industry alliance's rivalry. The plaintiff alleges that the state's new tax law violates the US Constitution, the Illinois Constitution, and the Internet Tax Freedom Act. The source of the dispute is that the tax law requires entities that conduct business or provide services to residents in the state to pay a 0.2% digital asset transaction or storage tax if their annual income exceeds $100,000. Although lawmakers expect the measure to raise $60 million in the state budget each year, the plaintiffs said the move constituted a 'unique punitive treatment' for digital assets due to the lack of corresponding taxes on traditional assets, suspected of unjust allocation of resources through tax codes.

23h ago

SEC Proposes Reg Crypto: Establishing a Legal Path for the Public Offering of Some Tokens and the Withdrawal of Investment Contracts

Comparing news, Galaxy's research director posted an article on the X platform stating that the US Securities and Exchange Commission proposed the “Crypto Asset Regulation” to regulate Crypto Assets, referred to as Reg Crypto for short. The proposal aims to establish a legal path for some tokens to be issued to the US public and establish a mechanism to terminate investment contracts. The scope of application is limited to cryptographic assets that are not securities themselves but have been issued or sold as part of an investment contract. Tokenized stocks, bonds, and arrangements for bundling tokens with shares or other securities are not within the framework. The proposal establishes four stages: financing, disclosure, construction, and exit. The one-time startup exemption allows issuers to raise $5 million over a maximum period of 4 years; higher exemptions set by reference to Regulation A allow $20 million or $75 million in 12 months. Relevant financing is subject to SEC qualification review and ongoing disclosure. The maximum investment amount for uncertified investors is 10% of those with high annual income or net assets. Issuers are also required to disclose token supply and release plans, minting and destruction mechanisms, governance and smart contract authority, source code, and project construction commitments and progress. When the issuer completes or permanently suspends the relevant construction obligations, does not make new construction commitments, and submits a transition report, the relevant investment contract will be deemed terminated, and cryptographic assets will no longer be subject to the securities law under the investment contract. Issuers that have not used the above financing exemptions can also use this safe harbor. The US Securities and Exchange Commission estimates that approximately 475 issuers will use the safe haven of investment contracts each year, and about 130 issuers will use the two new exemptions. Eligible issuances may not be restricted securities and may be immediately resold without contractual restrictions. The proposal also excludes covered initial offerings and some secondary transactions from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, escrow, or independent innovation exemptions for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and members Hester Peirce and Mark Uyeda all issued statements of support.

1d ago

Ansem bought Robinhood's chaincoin meme coin AI on the pump.fun platform this morning, helping the latter's market capitalization reach a record high of $20 million

Comparing news, crypto KOL Ansem bought more than $21,000 Robinhood's coin meme coin Artificial Inu on the pump.fun platform this morning. As of press release, according to GMGN quotes, Artificial Inu's market capitalization topped $20 million in a short time, reaching a record high, but due to the recent weakening of the liquidity of the Robinhood chain, the 24-hour turnover of the token was only $530. Remind users that KOL orders are highly uncertain, and users should be careful when investing. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking

Ansem: Optimistic about the performance of Robinhood chain-related targets in this cycle

Comparing news, crypto KOL Ansem said on the podcast that Robinhood is a potential dark horse in this market cycle due to its public support for on-chain activities (including meme coins and RWA) and rapid token listing. Ansem believes Robinhood's positive attitude could attract more retail liquidity and innovative projects, highlighting the rapid adaptation of traditional financial platforms to the crypto sector.

1d ago

Analysis: Behind PUMP's monthly doubling, positive ecological feedback is the main driver

Comparing news, PUMP has continued to rebound since hitting a low of $0.001 at the end of June. It has risen about 19% in the past 24 hours and is close to $0.004, up 36% on the 7th, 98% on the 30th, and about 116% on the 90th. The crypto market has picked up in the past two days. Bitcoin once surpassed 79,000 US dollars. Some meme coins, such as PEOPLE, NEIRO, and BOME, are on the Binance rise list, which is in line with the common rhythm of market recovery and memes taking the lead. However, PUMP's rise was significantly earlier than the current market round, starting about two months earlier. PUMP's strong rise this time is driven by its fundamentals: Pump.fun is forming a positive feedback cycle of revenue, buyback, and traffic. On-chain data shows that in the past 30 days, the platform's processing fee was about US$38.15 million and revenue was about US$29.19 million, second only to Tether, Circle, and Canton, surpassing agreements such as Hyperliquid, Polymarket, GMGN, and Tron. The window that appeared in Gold Fork coincided with the re-acceleration of revenue, the continuous repurchase and destruction of PUMP, and the return of users trading on the platform. Pump.fun uses 50% of revenue to buy back and destroy PUMP. The recent weekly fee revenue surpassed $10 million (one of the best levels since the end of January), corresponding to potential buyback pressure of around $5 million. The platform recently launched Callout Rewards and reduced Solana transaction fees to 0% and cross-chain fees to 0.1%, using revenue advantages to subsidize traffic and compete with users of imported products such as GMGN and Fomo. If active weekly and daily active trading users continue to reach new highs, PUMP's market narrative may shift from a simple meme platform coin to a trading portal with high cash flow. Overall, this round of growth was driven by technical signals and positive feedback from fundamentals, with revenue scale and repurchase mechanisms being the core supporting factors.

1d ago

Micron Announces $100 Million Investment to Set Up Research Laboratories

Comparing news, the CEO of Micron Technology announced the establishment of Micron Research Labs (Micron Research Labs), which plans to invest 10 billion US dollars, and the investment cycle is decades long. The lab will bring together customers, suppliers, academia, government, and the broader semiconductor ecosystem to break through existing technology roadmaps and explore future possibilities. Micron said the move reflects a long-term commitment to early innovation. The company's team has accumulated more than 6.2 million patents. Micron Research Laboratories will join Micron's investment portfolio of more than $250 billion in the US manufacturing industry, and is expected to create more than 90,000 US jobs, covering fabs, engineers, technicians, apprentices, suppliers, and communities. Micron emphasized that current decisions will determine who can lead the AI economy in the future. America's AI future will be built on memories made in the US, and these memories are produced by Micron.

1d ago