Perp · 619

CZ: Bitcoin is still following a four-year cycle, and crypto ushered in the most friendly policy environment

Comparing news, at the SALT conference held in Jackson Hole, Wyoming, CZ discussed the Bitcoin supercycle claim previously made at the Davos Forum and stated that the claim has not been fulfilled yet. Judging from the data, the market still follows a strict four-year cycle and is currently in a bear market phase; however, as the total market value continues to expand, the price fluctuation range will tend to narrow, similar to the stock price fluctuation pattern of large companies such as Amazon and Facebook. Referring to the US regulatory environment, CZ said that it is currently the most friendly period in the industry environment since he has been in business for 12 years, and believes that the US regulatory framework has an exemplary effect on the world, and that the securities laws and exchange regulatory structures of many countries all refer to the US. At the same time, Hong Kong is speeding up the promotion of relevant legislation in line with US regulatory ideas. In addition, CZ also discussed the allocation of its investment institution YZi Labs, which stated that currently about 70% of the capital is invested in the core crypto and blockchain circuit, about 20% is invested in AI, and the rest is invested in biotechnology and other fields. YZi Labs uses its own capital and is not bound by an external LP payback cycle. Investments value the positive impact of the project and execution of the founding team rather than a simple financial return model. In response to Hyperliquid, CZ said there is a misunderstanding within the industry that it will only maintain the CEX position as a Binance shareholder, but it is precisely because it believes in decentralization. If platforms that do not require KYC such as Hyperliquid can enter the US market in a compliant manner, it will open the doors of the entire industry, so that more Perp DEX and decentralized services can reach US and global users, and American consumers will also get better liquidity and prices as a result. This will benefit not only Hyperliquid itself, but also international centralized trading platforms, including Binance.

2d ago

Investor opinion: HYPE's benefits also apply to LIT, and Lighter is probably the first Perp DEX to comply with the US

Comparing the news, Eric Conner, a former core developer of Ethereum and an angel investor, said in an article on X that “Hyperliquid may be compliant with the US”: “Personally, I think this is a huge benefit not only for $HYPE, but also for $LIT. Tomorrow is the CFTC's Innovation Advisory Committee meeting, and Lighter founder Vlad is already on the advisory board list. If Hyperliquid were to enter the US compliance market, Lighter would definitely be able to do so, and it might even be the first.”

2d ago
Does the forecast market with monthly turnover of 44.8 billion US dollars need a main broker?

Does the forecast market with monthly turnover of 44.8 billion US dollars need a main broker?

Source: Fintech Blueprint Compiled and edited by BitPushNewsBetterment recently published its 2026 retail investor survey. The main conclusion is that 26% of Gen Z investors see sports betting as part of their long-term financial strategy, and 52% have invested the money they originally intended to invest into it last year. The survey of 1000 US retail investors in early April showed that proportion rapidly declined as people grew older — 31% and 14% for millennials, 10% and 6% for Gen X, and 4% and 1% for Baby Boomers. Betterment CEO Sarah Levy put it bluntly: The problem comes when a prediction market or sports betting platform starts to feel like a retirement strategy. The combined monthly trading volume of Kalshi and Polymarket reached $44.8 billion in June, which is more than three times the average monthly transaction volume of approximately $14 billion for all US legal sports betting in 2025. Source: Bloomberg/Betterment Let's explore whether this transaction volume is huge enough to support the dedicated agency hierarchy below. Earlier this month, River Markets raised $8.5 million in seed funding to build what it calls “the first institutional-grade execution and prime broker platform for the prediction market.” Led by Haun Ventures, Y Combinator, Coinbase Ventures, Qube Research & Technologies, and Cherry Ventures participated, in addition to angel investors from Citadel, HRT, J.P. Morgan, Nvidia, and Google. The company has been online with trading clients since May 1 and has publicly listed five client names: Chimera Capital Management, Game Point Capital, Cleat Street, Skywalk, and 646 Equity. It claims to own three of the top ten traders on Kalshi and Polymarket, as well as several quantitative funds running on its API. The problems they are solving are real and unremarkable. The liquidity of the prediction market is distributed across multiple trading sites, which may have different quotes on the results of the same event, involving separate accounts, separate balances, independent APIs, and no uniform view of risk. A trader who trades the same event on Kalshi and Polymarket actually manually manipulates the two books and then reconcile the accounts. River integrates these sites into a single terminal and an API, uses a unified code system, adds execution algorithms (iceberg orders, linked orders, stop-loss orders, take-profit orders) not native to the exchange, and routes eligible orders to the best prices in the online ledger. It's live on Kalshi, Polymarket, and Polymarket US, and is integrating Novig and Crypto.com. Today, it's more like an order and execution management system than a Prime Broker (PB) — a boundary drawn by River itself. Its FAQ states that the real-time platform covers execution, routing, data, and profit and loss, that customer funds are kept in venue accounts rather than centrally pooled, and that companies are invited to contact them about financing, collateral, and cross-market requirements. Source: Allium predicts that the cumulative historical trading volume of the market exceeded 150 billion US dollars in May. Kalshi alone reached 31.5 billion US dollars in June, while Polymarket was 10.8 billion US dollars. Kalshi is currently in final negotiations to finance at least $750 million, with a valuation of $40 billion; Polymarket is financing at a valuation of $15 billion, after ICE had already committed $2 billion in two instalments. Kalshi's annualized revenue surpassed $4 billion in July, roughly double the $2 billion annualized pace two months ago. At the peak of the World Cup,...

4d agoBitpushNews#HYPERLIQUID #Kalshi #Ondo
Don't bet 100 times more, just look for “cash bulls”: What other projects are worth investing in in a bear market?

Don't bet 100 times more, just look for “cash bulls”: What other projects are worth investing in in a bear market?

Source: Odailey Planet Daily Author: Asher Original title: Don't guess 100 times the coin, only bet on “cash cow”: What other projects in the bear market are worth investing in? The bear market only buys the most profitable items on each track, and the bull market then goes after short-term hot spots. Core point of view: In the context of the downturn in the crypto market, this article has selected four issued projects, Pump.fun, Hyperliquid, Uniswap, and Chainlink. They have shown profitability through a bear market with stable agreement revenue, providing a more realistic reference target for long-term investment. Key elements: 1.pump.fun's revenue in the past 30 days was 41.53 million US dollars, with a cumulative total of about 256 million US dollars in the first 7 months. The revenue depends on the popularity of Meme transactions on the Solana chain, but the average monthly cash flow capacity of tens of millions of dollars is outstanding. 2. Hyperliquid's cumulative revenue for the first 7 months was about US$352 million, surpassing Pump.fun. In June, it reached a new high of 60 million US dollars during the year. The revenue mainly comes from perpetual contracts and spot transaction fees. 3. Hyperliquid uses approximately 99% of the agreement fee to repurchase and destroy HYPE tokens, forming a simple investment logic of “profitable and continuous repurchase”. 4. Uniswap has earned 5.6 million US dollars in the past 30 days. It is the most profitable DEX. It accumulated about US$28.4 million in the first 7 months, benefiting from the official opening of the agreement fee after the implementation of the Unification proposal and its use for UNi's destruction. 5. Chainlink's revenue in the past 30 days was 4.57 million US dollars. The monthly revenue was stable in the range of 4.4 million to 5.8 million US dollars. The revenue came from service fees such as oracles and cross-chain services, and the cumulative transaction value facilitated reached 32.18 trillion US dollars. Since this year, the crypto market has continued to be sluggish. There aren't no hot spots on the chain; every once in a while, there are a few burgeoning memes, but these quotes often focus on new coins that have just been issued and hardly give the market time to fully study. Once the story ebbed down, prices quickly dropped back down. Most players who got on the bus halfway ended up losing money and making little money. Since blindly guessing the next 100 times the coin makes little sense. A more realistic investment logic is: if you are preparing to invest slowly in a bear market and wait for the next round of the bull market to return, what other projects are worth buying now? Compared to simply reading the story, a more direct screening criterion is whether the project itself still makes money or not. If a platform can still earn millions or even tens of millions of dollars in revenue every month in the crypto bear market, it at least indicates that users and demand are still there, and the project also has a stronger ability to cross the cycle. This type of platform token won't necessarily be the altcoin with the most exaggerated rise in the next round of the bull market. So, since this year, what other coin issuing projects have continued to make money? (The revenue data for the project in this article comes from Tokenomist and DeFilLama. The revenue caliber is uniformly adopted, that is, the actual revenue of the agreement after deducting distribution to supply-side participants such as LPs.) Pump.fun: The “shovel seller” on the meme circuit earns money from round after round of coin issuance boom. Apart from the two major stablecoin issuers Tether and Circle, Pump.fun is one of the most profitable crypto native projects in the past 30 days, with a revenue of 41.53 million US dollars. Looking at monthly data, Pump.fun's revenue from January to July was 51 million US dollars, 40 million US dollars, 38.1 million US dollars, 32.4 million US dollars, 32.4 million US dollars, 34.4 million US dollars, 26.6 million US dollars, and 33.7 million US dollars, respectively, with cumulative revenue of about 256 million US dollars for the first 7 months. Pump.fun's revenue peak was high at the beginning of the year, then the overall decline was evident in April and June, and there was some recovery in May and July. The core of Pump.fun's revenue comes from continuous trading of SGD on the platform. Currently, users are free to create tokens themselves, but trading during the Bonding Curve phase requires transaction fees. According to Pump.fun's latest rate, Bonding Curve's total fee rate is 1.25% per transaction, of which 0.95% goes to the agreement and 0.30% is distributed to token creators. Additionally, when tokens graduate from Pump.fun and enter PumpSwap, a graduation fee of 0.015 SOL will be charged. Pump.fun's revenue still depends on Solana's on-chain meme activity. When the on-chain market is lukewarm, revenue drops significantly, and recovers quickly when popularity picks up. But from the perspective of a bear market, it can be at 7...

4d agoOdaily星球日报#DeFi #MEME #invests

Ondo Stocks tokenized stock TVL surpasses $1 billion

According to Chainwire, Ondo Stocks, the tokenized stock platform under Ondo Finance, has reached a total hedged value (TVL) of 1.01 billion US dollars, less than a year since it was launched in September 2025. Within 48 hours of launch, the platform became the world's highest TVL tokenized stock service provider, and currently remains in the lead and offers more than 440 assets. Each token is fully backed by the corresponding stock or ETF and held by a licensed US escrow broker. In addition, Ondo Finance also officially disclosed that Ondo Perps, a perpetual contract platform launched in July, had a cumulative turnover of more than 8 billion US dollars, and more than 5 billion US dollars in nearly 30 days since its public launch.

6d ago#On-chain dynamics

SanDisk completed a 63% rebound in two weeks, outperforming Micron and Hynix by 26.8 and 30.2 percentage points respectively

Comparative news, according to TradingBeats monitoring, based on the lowest prices of each item on Hyperliquid around July 29, the current round of storage rebound was clearly leading: SNDK hit a low of $970.74 in the early morning of July 30 and is now reported at $1587.8, with a cumulative rebound of 63.6%; MU hit a low of $705.76 during the same period, and now reports $965, with a cumulative rebound of 36.7%; SKHX at The midday low hit $879.4 on July 29 and is now reported at $1173.1, with a cumulative rebound of 33.4%. According to calculations, SanDisk outperformed Micron and SK Hynix by about 26.8 and 30.2 percentage points, respectively. In the past 24 hours, SNDK has risen again by 18.8%, while MU and SKHX have risen 6.8% and 6.4% respectively over the same period, and the gap between strength and weakness continues to widen. The focus of transactions has also begun to shift to SanDisk. SNDK's nearly 24-hour turnover was around $695 million, surpassing SKHX's $601 million, and 3.7 times MU's $189 million. Although SKHX has accumulated transactions of about US$12.19 billion since July 28, which is still the highest of the three, the short-term trading market recently switched to SNDK. Using the morning snapshot of July 31 after the initial deleveraging of the rebound ended, the value of SNDK's open contracts increased by 56.4% from about US$118 million to US$184 million; SKHX increased by 36.7% from US$361 million to US$493 million; and MU fell from US$166 million to US$142 million, a decrease of 14.4%. Excluding the impact of price increases, SNDK's actual number of open contracts increased by about 18.8%, down from SKHX's 26.6%; MU declined by 27.9%. This means that SanDisk's leading edge comes more from price increases and concentration of transactions, and SKHX is still the most aggressive in leveraged expansion of the three. The on-chain Perp and address analysis tool TradingBeats are now online. It supports real-time viewing of Hyperliquid data, from address traceability to giant whale operations, and in-depth analysis at a glance.

8d ago
[Comparative Daily News Picks] DeepSeek V4 Pro official API update: multiple test performance is close to Fable 5; SpaceXAI launched Grok 4.6, which is the same as GPT-5.6 Sol Max; Bitcoin mining company MARA secured 18,750 BTC to obtain a loan of 750 million US dollars to expand AI and energy infrastructure; the US core inflation performance in July was moderate, and the pressure on the Federal Reserve to raise interest rates eased somewhat

[Comparative Daily News Picks] DeepSeek V4 Pro official API update: multiple test performance is close to Fable 5; SpaceXAI launched Grok 4.6, which is the same as GPT-5.6 Sol Max; Bitcoin mining company MARA secured 18,750 BTC to obtain a loan of 750 million US dollars to expand AI and energy infrastructure; the US core inflation performance in July was moderate, and the pressure on the Federal Reserve to raise interest rates eased somewhat

Daily AI · Cryptography · Macro · Market News, Bitpush helps you draw the key points ↓ AI · News [DeepSeek V4 Pro Official API Update: Multiple Test Performance Close to Fable 5] Tweet news. On August 13, Beijing time, DeepSeek officially changed the v4 Pro from the preview version. On the official pricing page, the model version number has been updated to DEEPSEEK-V4-PRO-0813. As can be seen from the evaluation comparison table released by the official group, the official version of DeepSeek V4 Pro (DeepSeek V4-PRO-0813) was close to the Fable 5 level in many tests, and the capabilities of the previous preview version were greatly improved. DeepSeek V4 Pro is significantly more expensive than V4-Flash. Based on the calculation for each 1M token, 0.025 yuan is entered in the cache hit, 3 yuan is entered in the cache mismatch, and 6 yuan is output. In comparison, V4-Flash is 0.02 yuan, 1 yuan, and 2 yuan, respectively. [SpaceXAI launches GROK 4.6, same score as GPT-5.6 Sol Max] In comparison, SpaceXAI officially released the next generation model Grok 4.6, which scored 61 points in the Artificial Analysis Intelligence Index comprehensive evaluation, which is on par with OpenAI's GPT-5.6 Sol Max. The model focuses on strengthening long-range operating agents, complex programming, and intellectual work capabilities. [Wall Street Journal: Apple Seeks New Agreements with Publishers to Use Their Content to Develop Artificial Intelligence Voice Assistant Siri] Comparing the news. According to the Wall Street Journal: Sources revealed, Apple (AAPL.O) is seeking a new agreement with publishers to develop Siri, an artificial intelligence voice assistant using its content. [SpaceX rose nearly 12% in the intraday period, and Damo is optimistic about its two structural advantages] Comparing news, SpaceX (SPCX.O) rose nearly 12% in the intraday period. The rise was driven by a Morgan Stanley research report, which believes the open market has seriously underestimated the value of the SpaceX AI enterprise platform. Investors are no longer viewing SpaceX only as an aerospace and satellite hardware company, but increasingly as a vertically integrated technology giant with autonomous data, global network infrastructure, and cutting-edge AI models. Morgan Stanley analyst Adam Jonas said that recent products launched by the SpaceXAI division show a broader software ecosystem, of which GrokBot is early evidence of this platform. The platform combines unique real-time data, vertically integrated computing power, connectivity, and intelligence, and these values are currently not fully priced in the market. The report points out that SpaceX has two structural advantages: one is a real-time data pipeline formed from telemetry data from X and Starlink satellite networks; the other is a “real world” moat combining low-cost computing power with global communication networks. Musk previously said that Grok 4.7 will surpass all current models, and that SpaceX's unique and powerful training data gives it an advantage in real-world engineering capabilities. Crypto · Market [Bitcoin mining company MARA secures $750 million in loans to expand AI and energy infrastructure] Comparing news, Bitcoin mining company MARA Holdings disclosed in SEC documents for the latest quarter that the company has pledged 18,750 BTC to guarantee two Bitcoin mortgage loans, with a total loan principal of 750 million US dollars. The additional capital will be used mainly for general corporate purposes and support MARA's acquisition of Long Ridge Energy & Power. The deal is worth approximately $1.5 billion, and Long Ridge owns a gas power plant with an estimated installed capacity of 505 MW and more than 1,600 acres of industrial land in Ohio, USA. MARA plans to further develop the local area as a base for Bitcoin mining, AI, and high-performance computing infrastructure. [CFTC emergency order requires Kalshi to continue operating, citing the risk of closing Bitcoin positions] Comparing news, the US Commodity Futures Trading Commission (CFTC) requires that the forecasting market platform Kalshi continue to operate its exchange in accordance with normal business practices and “business...

9d agoWendy#Compare Daily Picks

Coinbase will suspend perpetual contract trading for 10 tokens including MEME on August 26

According to news, Coinbase will suspend the following perpetual contract transactions around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity ( AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). At that time, the remaining open positions will be automatically settled. The final settlement price will be the average index price 60 minutes before the transaction was suspended, and the rate for the last funding rate cycle will be set to zero.

10d ago
[Daily News Picks] SK Hynix's earnings report fell short of expectations, and US stocks plummeted 9% after the market; the AI boom drove data storage demand, and Seagate Technology's fourth fiscal quarter profit soared; CryptoQuant: Crypto exchange TradFi perpetual contracts became a highlight of growth and doubled to more than 2 billion US dollars in February; an unofficial cease-fire came to an end, Iran launched missiles at US military bases this morning, and crude oil surged 4%

[Daily News Picks] SK Hynix's earnings report fell short of expectations, and US stocks plummeted 9% after the market; the AI boom drove data storage demand, and Seagate Technology's fourth fiscal quarter profit soared; CryptoQuant: Crypto exchange TradFi perpetual contracts became a highlight of growth and doubled to more than 2 billion US dollars in February; an unofficial cease-fire came to an end, Iran launched missiles at US military bases this morning, and crude oil surged 4%

Daily AI · Cryptography · Macro · Market News, Bitpush helps you set priorities ↓ AI · News [SK Hynix's financial report fell 9% after the market] Comparing news, SK Hynix (SKHY.O) announced financial reports on Wednesday. Influenced by tech giants increasing investment in AI data centers and driving strong demand for advanced memory chips, the company's second-quarter operating profit soared 557% to 60.5 trillion won (about 41.62 billion US dollars), setting a new historical record of 9.2 million won in the same period last year. However, this figure is lower than the market's forecast of 64 trillion won, mainly due to the fact that high-end memory chips (HBM) account for a higher share of competitors, but have not fully benefited from the strong price increase cycle of conventional memory chips in this round. This has heightened concerns that the AI boom driving the semiconductor industry may be slowing down. SK Hynix's revenue also fell short of expectations. Financial reports showed that its second-quarter revenue was 79 trillion won, and market expectations were 84 trillion won. Affected by financial reports, SK Hynix closed down 9% on Tuesday, then fell 9% after the market. SanDisk (SNDK.O) and Micron Technology (MU.O) also fell more than 4%, erasing the boost brought by Seagate Technology (STX.O) earnings. [AI boom drives data storage demand, Seagate's fourth fiscal quarter profit soars] In comparison, Seagate Technology (STX.O) reported that profits increased in the fourth fiscal quarter due to a surge in storage demand driven by artificial intelligence. The company's net profit for the fourth fiscal quarter was US$1.29 billion, or US$5.58 per share, far higher than US$488 million and US$2.24 per share in the same period last year. Adjusted earnings per share were $5.71, and analysts had previously expected $5.10 per share. Revenue increased from $2.44 billion to $3.629 billion, and Wall Street had previously estimated $3.5 billion. The company expects revenue for the first fiscal quarter to be $4.1 billion, fluctuating up and down $100 million; adjusted earnings per share are $7.30, fluctuating 20 cents up and down. As the AI boom exacerbates supply shortages, the revenue and profits of hard drive makers such as Seagate have soared. Production capacity continues to be limited, causing customers from all walks of life to face higher prices and boosting producers' net profit. CEO Dave Mosley said, “As AI accelerates data generation and increases in value, the market has an enduring long-term demand for high-capacity storage.” US stocks of Seagate Technology (STX.O) rallied after the market, rising more than 10% at one point. [The scope of the OpenAI jailbreak agent attack was expanded, and another company's customer account was hacked] According to Twitter news, according to an executive of the technology company Modal Labs and a person familiar with the matter, the “rogue agent” that escaped from OpenAI and carried out a frenzied hacking attack on the artificial intelligence company Hugging Face for several days also hacked a Modal Labs customer. According to a timeline published by Hugging Face on Tuesday, the malicious agent first hacked a sandbox “hosted on a third-party service provider's infrastructure” (that is, an isolated test environment) and then used it as a springboard to launch a broader attack. The name of the third-party service provider was not revealed in the blog post, but Modal CTO Akshat Bubna confirmed that one of its customers had been hacked. Crypto · Market [CryptoQuant: Crypto exchange TradFi perpetual contracts became a growth highlight, doubling to more than $2 billion in February]. According to a report released by Julio, head of CryptoQuant research, the current unclosed volume of cryptocurrency perpetual contracts is about US$65 billion, down about 20% from the peak of approximately US$80 billion in September 2025 and the beginning of 2026, reflecting partial deleveraging rather than additional capital inflows. The market is highly concentrated. Binance is dominated by a market share of about 39%. The top three platforms total about 63%, the top five total about 81%, and the capital remains high on leading exchanges. Meanwhile, the report said that at the same time, TradFi perpetual contracts for metals, crude oil and stocks have become a growth highlight. The 24-hour all-weather product has doubled in size to more than $2 billion since the end of May, making crypto trading profits compete directly with traditional trading venues, but its volume is currently only about 3% of the crypto perpetual market. TradFi continues to be dominated by leading platforms, with Binance, Gate, and Bybit at the forefront, showing success...

24d agoWendy#Compare Daily Picks