christian

[Grayscale @Grayscale]

Hyperliquid meets Wall Street.

The house of all finance is accelerating. Yesterday, @a16zcrypto, @GoldmanSachs, @Bloomberg, @jpmorgan, and @multicoin came to listen. Grayscale gave them the $HYPG story.

Hyperliquid.

[Jon Ma @jonbma]

Thesis: $HYPE will do $4B of revenue in 2030 (up 8x from ~$500m run rate today) and be valued at $230/token (up 3.5x from today) NOT as a better crypto exchange but as the #1 winner of RWA perps.

Take: Market is missing that Hyperliquid is NOT JUST a crypto exchange but is becoming THE default venue for investors trading global markets 24/7 from equities and commodities to FX, indices and pre-IPO companies -- taking share from ICE / CME (combined ~$17B of annual revenue) not Binance.

Price Target: We believe Hyperliquid will be a $230/token in 2030 (up 251% from today) with $4B revenue in 2030 revenue.

$4B of revenue at 25x P/S implies $104B in outstanding market cap & $230B of FV in 2030.

Core Assumptions:
> Hyperliquid becomes a generational business from the growth of RWAs perps not crypto.

> Assume $HYPE captures 0.50% of entire 2030 Notational Trading Volume, taking share from CME and ICE.

> Hyperliquid processes ~$21T of annual RWA volume by 2030, at roughly 1.6bps blended take rate (perps is 2 bps, HIP-3 is 1 bps), that generates approximately $3.2B of transaction revenue

> HIP-3 is the #1 growth driver of $HYPE revenue moving forward (50%+ of transaction revenue, up from 15% today)

> Market is missing stablecoin revenue which will contribute another ~$1B annual revenue with $25B of supply and 4% reserve yield.

Full memo to drop tomorrow at 10am ET

Happy Hyperliquid Summit Day in NYC.

Hyperliquid.

[StarPlatinum @StarPlatinum_]

This trader is now losing more than $20,000,000

- Loracle.hl
- one of the biggest traders on Hyperliquid
- more than $35,000,000 in all-time PnL
- convinced $HYPE is insanely overvalued
- starts a short at $43 average entry
- slowly turn it into a $104,100,000 position
- end up short 1,808,000 HYPE

watches HYPE go from low $40 to $60 in days

and still refuse to close

- added BTC shorts “for the hedge”
- push total BTC exposure to ~$34M
- short another 468 BTC while already bleeding on HYPE
- push total exposure close to $140M
- do all of this with only ~$23.5M account value

expose a liquidation at ~$90.25 HYPE

then things get worse

- unstake 893,000 HYPE ($50.8M)

wallet linked to the position:

0x8DeF9F50456c6c4E37fA5d3D57F108ED23992daE

visible balances: ~$75.1M USDC spot

which creates the biggest question of all:

where did the 893k HYPE go?

But he still hasn’t been liquidated

Yet.

[Elon Musk @elonmusk]

Starlink on Singapore Airlines! 🇸🇬

[Singapore Airlines @SingaporeAir]

We’re enhancing our complimentary in flight Wi-Fi offering across all cabin classes on our Airbus A350-900 long-haul and ultra-long-range fleet and A380 aircraft from 2027.

@Starlink, the fastest Wi-Fi in the sky, will provide multi-gigabit connectivity on board. Soon, you can stream, game, and send large files just like on the ground.

Find out more: https://t.co/60gHbaY5YT

[Hyperliquid News @HyperliquidNews]

Outcomes (HIP-4) are now live on mainnet.

[Keir Starmer @Keir_Starmer]

It’s good news that the Strait of Hormuz has now reopened.

This must be a long lasting and workable solution, without tolls or restrictions on routes.

Today we announced our joint plan with France and other international partners to protect freedom of navigation.

We need to see a return to peace and stability, and a permanent ceasefire.

[Polymarket @Polymarket]

JUST IN: Oracle agrees to buy up to 2,800,000,000 watts of fuel-cell power from Bloom Energy for AI data centers.

[Arthur Hayes @CryptoHayes]

My essay on why $HYPE is going to $150 by August 2026.

https://t.co/M1la2HpdzT

[gulvinder @rebelliousdogra]

🛑 JUST IN 🛑

"We will not be involved in blockade of the Strait, we are urgently working with France, Spain and other partners to put together a wide coalition to protect the freedom of navigation. US cannot dictate how other should manage their affairs"- 🇬🇧 UK PM Keir Starmer

[Globe Eye News @GlobeEyeNews]

BREAKING:

France sold its gold stored in New York and purchased an equivalent amount in Europe.

All of France’s gold reserves are now located in Paris.

[Seth Moulton @sethmoulton]

Whether you support the President or not, you know this comment is disgusting.

Robert Mueller earned a Bronze Star with valor and a Purple Heart as a Marine fighting for this country. He was a great American.

Donald Trump is a horrible human being and an embarrassment to the United States.

[Harry Eccles @Heccles94]

The USA is no longer a democracy.

[TheFrenchie @ML3democrats]

Donald Trump is the worst thing that has happened to the world in the past 40 years, by far.

[HealthRanger @HealthRanger]

IMPEACH Trump now, before the entire world burns!

[unusual_whales @unusual_whales]

"Americans are leaving the US in record numbers," per WSJ

[Crypto Miners @CryptoMiners_Co]

Aster launches privacy-focused Layer 1 blockchain

@Aster_DEX has launched its mainnet, introducing a Layer 1 built for private onchain trading with ZK-based encryption, stealth addresses, and privacy by default.

The network targets 100,000+ TPS with ~50ms block times and no gas fees, aiming to deliver CEX-level performance while preventing position hunting in DeFi markets.

[Alex 🥷 @Shilllin]

Asters trending 👀

[Alex 🥷 @Shilllin]

Private prediction markets 🤯

Only possible on Aster

[Ryan Myher @ryanmyher]

Huge congrats to @Leonard_Aster & the Aster team.

We're excited work closely with them & launch new Genius products on Aster Chain in the future 🧠