Hong Kong AI Concept Stocks Fall in Afternoon Trading, Zhipu AI Down Over 10%

Hyperliquid HIP-3 open contracts reach $2.38 billion, up 580% year over year

According to The Block’s report, Hyperliquid’s HIP-3 market open interest reached a peak of $2.38 billion in April, but has recently fallen to $2.1 billion. TradeXYZ dominates the market, accounting for more than 90% of the share. The top ten by trading volume on Hyperliquid are mainly driven by tokenized stocks and commodity futures, offering 24/7 trading services that traditional exchanges cannot provide.

CoreWeave Inks $6 Billion AI Cloud Computing Deal with Jane Street

CoreWeave has secured a $6 billion deal with Jane Street for AI cloud services, which includes a $1 billion investment in CoreWeave stock. The transition to AI cloud infrastructure has positioned CoreWeave as a leader in the sector.

BlackRock Withdraws 3,446 BTC from Major CEX in 8 Hours, Worth $255.2M

BlackRock withdrew 3,446 BTC, worth about $255.2 million, from a major CEX, signaling ongoing institutional accumulation in the Bitcoin market.

Tether Participates in SDEV's $134M Private Funding Round to Increase SKY Holdings

Tether confirmed its participation in a $134 million funding round for Stablecoin Development Corporation, aiming to provide investors exposure to the stablecoin market through key holdings in SKY and USDS. SDEV now holds around 2.15 billion SKY tokens.

Bitcoin holds steady at 74K, and FOMO sentiment is heating up as U.S. stocks hit a record high

Benefiting from positive news about the U.S.-Iran peace agreement, the stock market surged sharply, with the Nasdaq index and the S&P 500 index reaching record highs. Bitcoin remained steady at 74K, market sentiment improved, and the Fear & Greed Index rose to 55. Investor FOMO toward the stock market intensified, and the total market capitalization in the crypto market increased overall, indicating genuine buy-side interest.