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EXPLAINED: ⚡ Hyperliquid has become one of crypto’s strongest performers, expanding from on-chain perpetual futures into commodities, pre-IPO markets, prediction markets, and more.
Can HYPE keep running? Read on to find out. 👇
https://t.co/Xp1hCtNdjo
🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.
S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.
In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.
It started with the jobs report this morning.
The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.
On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.
The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.
Then the AI trade started cracking.
Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.
Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?
That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.
Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.
South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.
And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.
Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?
Underneath all of this, there is a liquidity problem nobody is talking about.
SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.
These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.
But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.
The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.
He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.
When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.
Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.
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Crypto. Public equities. Private markets.
Trade tokenized stocks, equity perps, and pre-IPO perps on OpenAI, SpaceX and Anthropic, all in one place.
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CAEX TRÌNH BÀY TẠI HỘI NGHỊ SẢN PHẨM MỚI & ĐỊNH HƯỚNG PHÁT TRIỂN THỊ TRƯỜNG 2026
Sáng ngày 05/06/2026, Ông Chris Chiew - Cố vấn cấp cao Sàn giao dịch Tài sản mã hóa Việt Nam Thịnh Vượng CAEX trình bày bài tham luận tại Hội nghị Sản phẩm mới & định hướng phát triển thị trường do Uỷ Ban Chứng khoán Nhà nước tổ chức.
🩸JUST IN: Over $635 BILLION WIPED OUT from the crypto market in less than a month.
+$500M in crypto liquidations hit in the last 1hr, long positions accounting for $450M.
🚨JUST IN: Forward Industries, the largest Solana treasury company, moved 455,784 $SOL worth $31.87M to Coinbase Prime, sparking fears of a possible sale.
The company now sits on ~$1.13B unrealized loss from its 6.81 million SOL holdings.
🔥 LATEST: Sui co-founder Adeniyi Abiodun announces confidential transfers are coming to $Sui.
The feature shields transaction amounts while making unauthorized minting impossible by design.
Network Update: Upgrade to protocol 24 has been completed successfully.
Great job to all Nodes! This was one of the most challenging migrations.
Next up will be v25, deadline June 18.
🚨ALERT: Over half a TRILLION DOLLARS has been wiped from the crypto market cap in just 25 days.
Bitcoin alone lost over $400 BILLION in market value as $BTC touched the $61K level.
THE HYPE FLYWHEEL
HYPE has become the 9th largest cryptocurrency, hitting new all-time highs while BTC and ETH struggle. What's driving the move? Protocol buybacks, institutional ETF demand, commodities and stock perps, and growing pre-IPO markets on Hyperliquid.
Our research team broke down the flywheel behind HYPE's rise. Check it out below:
Today, Mastercard is announcing plans to expand settlement capabilities to include stablecoin, intraday, holiday, and weekend options, giving partners more choice in how and when transactions are settled. That means we’re:
✅ Enabling greater choice to settle in fiat or regulated stablecoins
✅ Improving liquidity management for time sensitive, cross border flows
We’re supporting settlement with @Circle’s USDC, @Paxos-issued stablecoins including USDG,USDP and @PayPal’s PYUSD, @Ripple’s RLUSD and @SoFi’s SoFiUSD across a range of supported blockchain networks including Arbitrum, @Coinbase’s Base, @CantonNetwork’s Canton, Ethereum, @0xPolygon, @Solana, @Tempo and XRPL. ARQ Finance, CBW Bank, @crossriverbank, @Lead_Bank and @Nuvei will be among the first to support.