Market Brief Overview:
HYPE Hits New Highs: Celestia announces the integration of Hyperlane, enhancing native interoperability, pushing both the price of the Hyperliquid token HYPE and the contract open interest to all-time highs.
Whales Cut Losses: Notable investor James Wynn exits with a stop-loss, suffering over $5.28 million in losses on long positions in ETH and SUI, now shifting to increase BTC long positions, but has already incurred a paper loss of nearly $20 million.
ETFs Continue to Attract Investment: Yesterday, the net inflow into US Bitcoin spot ETFs was $211.7 million, while Ethereum ETFs saw a net inflow of $58.6 million, with overall fund sentiment remaining positive.
Polygon Leadership Shakeup: Co-founder Mihailo Bjelic announces his departure, becoming the third core founding member to leave, which may pose challenges for project development.
Bitcoin Steadily Stays Above 110,000 This Week: However, the altcoin market has not experienced a “rising tide lifts all boats” scenario, with overall funds remaining in a wait-and-see state. If the main asset can maintain upward momentum, such as holding above last night's high of 112,000 this weekend, it is expected to draw a clear upward trend line, with a verification period that may take 3-5 days.
