Multicoin predicts $HYPE will soar more than 400% to $319 by 2028, arguing that the market is seriously undervaluing Hyperliquid as it evolves into a general-purpose exchange.
The cost of AI infrastructure is no longer just a tech company's concern. It's beginning to impact consumers.
Apple has raised prices on several MacBook and iPad models after a sharp rise in the cost of memory chips. Meanwhile, Microsoft announced price increases for Xbox consoles, citing the same reason.
$1.1 trillion vanished from the US market in the first 30 minutes, but $930 billion returned in the next 40 minutes.
The S&P 500 index jumped 0.83% at the open, adding $560 billion.
It then plunged -1.27% in just 30 minutes, wiping out $860 billion. It has now recovered $680 billion, up 1% from its bottom.
The Nasdaq index experienced even more dramatic swings.
It opened up 0.94%, adding $333 billion, but then plunged -2.29% in 30 minutes, wiping out $820 billion. Since then, $420 billion has returned, up 1.22% from its low.
Meanwhile, the Dow Jones and Russell 2000 indices have reached new all-time highs.
The Dow is up 1.50% today, adding $340 billion, while the Russell 2000 is up 1.44%, adding $40 billion.
Tech stocks are experiencing sharp fluctuations as investors become increasingly nervous about lofty valuations in AI and semiconductor stocks, especially with the Fed signaling more rate hikes rather than cuts.
Higher rates hit growth stocks the hardest, as their value depends on future earnings, which are more heavily discounted by rising borrowing costs.
This is driving money out of the tech sector and into the Dow, where defensive, non-tech companies with stable earnings and dividends appear safer in this environment.
😳CoinGlass: Total liquidations in the crypto market reached $1 billion over the past 24 hours, with the majority ($780 million) coming from longs.
🇯🇵Ripple's RLUSD stablecoin launched in Japan after regulatory approval.
📊10X Research: Ethereum's critical level is $1,600. A break below this level could lead to a decline.
👥Analyst: BNB Chain leads in weekly active users with 14.4 million, ahead of Tron (8.9 million) and Solana (7.9 million), while Bitcoin and Ethereum each gained 2.4 million active addresses over the past 7 days.
🤔STRC discount calls into question STRATEGY's Bitcoin bet as investors demand higher returns
Grayscale has revealed the top 15 crypto projects generating the most revenue and trading at low multiples ahead of the CLARITY Act, led by $HYPE, $PUMP, and $CAKE.
👥Hodlers reduced sales to the lowest level in two years
👨💻Glassnode analysts noted that Hyperliquid traders have begun to open long investment positions. Long positions are now beginning to dominate short positions.
📊The TON ecosystem token, renamed GRAM, topped the ranking of the cheapest cryptocurrencies in a day.
🚀The number of users of Ethereum grew by 86%, and the market value of tokenized assets reached $203 billion.
👨💼Charles Hoskinson predicts crypto market capitalization to reach $10 trillion.
🌍Ripple allows payments to be made in 30 countries after receiving the payment. MISA approvals
🧐Cryptoquant: Company strategy needs to stop buying investments
📶HSBC expands Orion network in the UAE, providing real-time liquidity flows in dirhams.
👥Large SHIB token transfer raises concerns about price correction
📈Standard Charter states that Aave's value could increase 50-fold to $3,500 by 2030.
After these three, the gap becomes quite significant. Capital flows don't tell the whole story, but they do show where users, liquidity, and attention are heading.