News linked to both this project and an event.
According to monitoring by Cointelegraph, a trader deposited 16.6 million USDC into Hyperliquid to open a leveraged long position on SPCX, with the current position value reaching 18.5 million USD.
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
According to on-chain analyst Onchain Lens (@OnchainLens), as crude oil prices fell below $85, a whale address opened a short position of 235,245 contracts of $CL (crude oil futures) on Hyperliquid with 20x leverage; the notional value is approximately $19.38 million, and the current floating profit exceeds $600,000.
According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet address 0xcc3A deposited $4.5 million worth of USDC into Hyperliquid and placed a limit short order for $SPCX, apparently betting on a “pump-and-dump” scenario following SpaceX’s IPO—i.e., a brief price surge immediately after the IPO followed by a sharp decline.
according to Lookonchain monitoring, a newly created wallet address 0xcc3A recently deposited approximately 4.5 million USDC into the decentralized derivatives platform Hyperliquid, and subsequently placed a limit order to short $SPCX.The trading activity shows that the address adopted a batch limit shorting strategy, which is widely interpreted by the market as betting on a trading structure where SPCX first rises amid the IPO-related market movements, followed by a sell-off and pullback (pump and dump).
According to Odaily, the crypto derivatives contract SPCX, linked to a potential SpaceX IPO, has seen a rebound on the decentralized exchange Hyperliquid, reigniting market expectations for the space company founded by Elon Musk's first day of trading.Data shows that the SPCX contract traded back up to approximately $176 to $183 on Friday, recovering from a dip to around $153 earlier this week. This marks a significant bounce from the roughly $157 level observed when market attention peaked on Wednesday. The contract currently has an open interest of about $216 million, with 24-hour trading volume exceeding $150 million.SPCX does not represent ownership of SpaceX stock, allocation rights, or equity in the company; it is a cash-settled derivative. However, with the SpaceX IPO price set at $135 per share, the market views this contract as a key benchmark for gauging investor expectations of the opening price on the first day of listing.At the current price of around $183, SPCX implies a first-day premium of about 36% for SpaceX. Earlier, in May, the contract surged to $216, corresponding to a roughly 60% premium over the IPO price. When the contract fell to $157 earlier this week, the implied market premium narrowed to about 16%.Meanwhile, other informal market signals also indicate a rebound in investor sentiment. Bloomberg reports that derivatives data from IG International implies a market valuation for SpaceX of approximately $2.4 trillion, which is over 35% higher than the roughly $1.77 trillion valuation implied by the IPO price. Additionally, Polymarket users are currently assigning a 70% probability to SpaceX's market capitalization exceeding $2 trillion at the close of its first trading day.SPCX had previously fallen by about 30% over several weeks, reflecting traders' cautious stance on SpaceX's listing performance. The recent rebound suggests the market is re-pricing the potential for a higher valuation premium from the SpaceX IPO. (CoinDesk)
Odaily News Analysts believe that SpaceX's upcoming IPO could become a new source of short-term pressure for Bitcoin and the crypto market. As the company is reportedly set to open up to 30% of its IPO shares to retail investors, some investors may sell high-risk assets like Bitcoin and Ethereum to free up capital to participate in this high-profile offering.SpaceX plans to issue shares at $135 each, aiming to raise $75 billion, with a valuation of approximately $1.77 trillion. A GSR trading executive noted that crypto assets could become one of the funding sources for some investors looking to raise capital for the IPO.Recently, there have been views suggesting that hot IPOs like SpaceX, and potentially future ones such as OpenAI and Anthropic, could drive capital outflows from the crypto market, putting pressure on Bitcoin and Ethereum prices.However, SpaceX's listing could also conversely boost on-chain trading activity. Currently, platforms like Hyperliquid and Binance already offer SpaceX-related perpetual contracts and tokenized stock products, and trading activity for these assets may increase further with the IPO.
According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet (0xa2e8) deposited 3 million USDC into HyperLiquid and immediately opened a 20x leveraged long position on ETH, holding 36,826 ETH—valued at approximately $59.72 million—with a liquidation price of $1,571.30.
according to on-chain analyst EmberCN, the US CPI data is due at 8:30 PM tonight. The whale believes the stock market will rise following the data release and has begun closing its 50x leveraged S&P 500 short position worth $148 million on Hyperliquid. The short position was opened yesterday afternoon and is currently showing a profit of $1.44 million.
According to Hyperinsight monitoring, due to recent volatility and declines in U.S. equities, renowned U.S. stock trader and KOL “CBB” has reactivated a sub-address, transferring $16 million into Hyperliquid and establishing positions across as many as 38 assets—including U.S. equities and commodities—with the largest current position being a short on MU (Micron Technology).
According to Hyperinsight monitoring, yesterday evening, a whale on the Hyperliquid platform continuously opened and added to a short position on the S&P 500 with 50x leverage. The position was fully established by 9:50 p.m. yesterday, reaching a total of 20,000 contracts—approximately $147 million—with an average entry price of $7,428. At the time of the final addition, the S&P 500 was still trading around $7,466, meaning the position was nearly fully built near the peak.
According to an independent analyst report by Markus Thielen on June 9, just days remain before SpaceX’s IPO, and market expectations continue to intensify. There is currently little indication that SpaceX will raise its expected offering price of $135, suggesting the targeted fundraising amount of $7.5 billion has already been substantially subscribed. Meanwhile, pre-IPO synthetic perpetual contracts tied to SpaceX are trading at $157 on Hyperliquid and $169 on Binance—both significantly above the expected offering price—with implied valuations on both platforms approaching $2 trillion. Although prices have retreated from earlier highs near $200, prediction markets still assign a 68% probability that SpaceX’s valuation will exceed $2 trillion by year-end, reflecting traders’ broad expectation of a strong IPO performance.
BIT Group posted on X platform, stating that with only days remaining until the SpaceX IPO, market expectations are heating up, with a general consensus that the stock is likely to perform well post-listing. Unlike many recent IPOs, there are currently few signs that SpaceX will raise its offering price, indicating that the target fundraising amount of $75 billion has already received fairly sufficient subscription coverage.Meanwhile, SpaceX-related pre-IPO synthetic perpetual contracts are trading at around $157 on Hyperliquid (calculated based on the old 11.9 billion share count) and quoting $169 on Binance, both significantly higher than the expected IPO price of $135. Although prices have fallen from around $200 a few days ago and undergone a repricing, the current implied valuations on both platforms still approach nearly $2 trillion, indicating that traders still anticipate a strong market debut for SpaceX. Prediction markets are also leaning towards optimism, with the current probability of SpaceX's valuation exceeding $2 trillion by the end of the year standing at 68%.
: According to monitoring by Onchain Lens, the whale at address "0x97f" has closed its previously held long position in HYPE, incurring a loss of approximately $3.22 million. Subsequently, the address sold 165,391 HYPE on the spot market, profiting around $1.978 million.After adjusting its HYPE position, the whale further bet on a market downturn, opening 15,000 short positions on SP500 with 50x leverage, a notional value of approximately $111.38 million, and a liquidation price of $8,295.66. Currently, the market is closely watching the movements of this large, high-leverage short position.
According to Hyperinsight’s monitoring, the Korea Composite Stock Price Index (KOSPI) surged again during trading hours and triggered a circuit breaker. Samsung Electronics and SK Hynix continued their upward momentum, rising 7.5% and 12.9%, respectively. Notably, SK Hynix led the gains, buoyed by positive news of its collaboration with NVIDIA to jointly develop next-generation memory; its share price rebounded above USD 1,400.
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
According to Onchain Lens monitoring, a whale sold 82,928 HYPE at an average price of $64.34, realizing a profit of $2.06 million.
ZachXBT posted a message questioning BitMEX co-founder Arthur Hayes about how much exit liquidity he created by utilizing his fans over the past few days.Within two weeks, Arthur Hayes publicly promoted and then liquidated four tokens: NEAR, HYPE, ZEC, and WLD. In response, Arthur Hayes stated that he sold to willing buyers at specific prices and noted that this time he successfully achieved his trading goals. (cryptopolitan)
Odaily Odaily News According to on-chain analyst EmberCN, BNBChain Life, which has surged 20x in two months, may be controlled by Garrett Jin – the whale entity that converted tens of thousands of BTC into over 900,000 ETH last year and suffered a $230 million loss from a long position liquidation on Hyperliquid this February.1. From February to recent days, an address cluster has accumulated 284 million BNBChain Life tokens ($237 million) through Binance withdrawals and on-chain purchases. This represents 28.4% of the total BNBChain Life supply.Including holdings on CEX, they likely control a significant proportion of BNBChain Life. The token has also surged 20x during these months ($0.04 → $0.85).2. Intersection with the Garrett Jin whale entity: Shared deposit addresses.- Multiple addresses that withdrew large amounts of BNBChain Life from Binance shared a Binance deposit address with the Garrett Jin whale entity six months ago. Addresses that have been heavily buying BNBChain Life on-chain in the past five days shared a Bybit deposit address with the Garrett Jin whale entity.Therefore, BNBChain Life is highly likely being manipulated by the Garrett Jin whale entity.◎The Garrett Jin whale entity is the prominent entity that held 100,000 BTC last year, managed by Garrett Jin.◎Last year, via Hyperliquid, it swapped tens of thousands of BTC for over 900,000 ETH at prices above $3,500.◎This February, the entity opened a long position of over 200,000 ETH on Hyperliquid, ultimately resulting in a $230 million liquidation loss.◎In May, when ETH was around $2,350, they transferred 577,000 ETH ($1.351 billion) into Binance, after which ETH continued to decline.
Odaily Odaily报道 According to on-chain analyst Ai Yi's monitoring, three major whales holding a total of 345,000 ETH are facing liquidation risk, with a total value of $537 million. Among them, a whale that has been cyclically longing ETH since February has抵押了 152,195 ETH on Hyperliquid, worth $210 million, spread across two addresses. The current health rate is as low as 1.16, with liquidation prices at $1,355.63 and $1,280.47 respectively. A Binance-linked entity holds 120,000 ETH in long positions on Hyperliquid, worth $188 million, spread across four addresses, currently showing an unrealized loss of $84.48 million, with liquidation prices ranging from $1,241 to $1,272. Additionally, another whale that has been cyclically longing ETH after a five-year dormancy is also facing liquidation risk.