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HYPE crashed sharply from the $61 all-time high, currently at $57.37! The battle between bulls and bears is so intense😵‍💫 Not long after hitting the all-time high, HYPE was immediately pushed back to reality, dropping instantly from over $61 to $57.37, with a maximum 24-hour decline exceeding 6%. Institutions start to take profits collectively: Grayscale recently made a heavy purchase of $37 million in HYPE, quickly realizing considerable floating profits and decisively taking profits. Several institutions including Bitwise also continue to see ETF inflows, but there is obvious selling pressure from profit-taking at high levels. Bear leader Loracle suffers a heavy defeat: The worst hit is the well-known bear Loracle, holding a huge position (in the millions, with high leverage), with unrealized losses exceeding $31 million at one point. This morning, he tearfully closed his position around $60.2, ultimately realizing a loss of about $6.99 million, and is rumored to have deleted his X account and exited. Key points in the bull-bear battle: On one side, institutions plus retail bulls push the price to ATH, supported by fundamentals like staking, buybacks, and governance; On the other side, high-leverage bears hold on stubbornly but are violently squeezed out. As a high-performance perp DEX, Hyperliquid’s on-chain activity and trading volume remain strong, but short-term high volatility will continue. Technical reference: Current price oscillates between $57.3-$57.9, with short-term support at $55-$52 and resistance at $60-$62. This is a typical scenario of institutional-driven rally plus bear liquidation, full of excitement. Are you standing with the bulls to keep bullish, or do you think the correction isn’t over yet? #HYPE多空决战：最大空头爆仓删号 $BTC $ETH $ZEC

🚨 HYPE crashed sharply from the $61 peak! Currently at $57.37 😵‍💫 Just after breaking the all-time high, it was immediately knocked back to its original state... Institutions have started to collectively "take profits": Grayscale just heavily invested $37 million, and in the blink of an eye, they're trembling with profits, probably already popping champagne 🍾 to celebrate 🎉 Short-selling giant loracle suffered a brutal blow: Unrealized losses exceeded $31 million, panicked and deleted their X account, tearfully closed positions at $60.2 this morning, with a realized loss of $6.99 million!

SEC Commissioner and Crypto Task Force Chair Hester Peirce (Crypto Mom) has officially announced her resignation and will join Regent University Law School as a faculty member this November. The crypto industry has lost one of its most steadfast and influential allies within the SEC. Why is she called "Crypto Mom"? Since joining the SEC in 2018, Peirce has been known for her bold dissent: She has repeatedly publicly opposed the SEC's "regulation by enforcement" approach, believing it causes significant harm and uncertainty to innovative projects; She has long criticized the SEC's "parental laziness" in refusing to approve Bitcoin spot ETFs, laying the groundwork for eventual approval through public opinion; She proposed the Token Safe Harbor, allowing project teams up to 3 years to achieve decentralization without immediate securities registration, greatly encouraging early crypto projects; As Chair of the Crypto Task Force, she pushed for clearer, friendlier regulatory frameworks to help the U.S. remain competitive in crypto; She cast dissenting votes in enforcement cases like LBRY and Stoner Cats, arguing the SEC should not kill "failed experiments" but only fraudulent projects. She is affectionately called "Crypto Mom" by the industry because she protects innovation like a mother, opposes overregulation, and fights for the survival space of crypto assets. Important clarification before her departure: The current "innovation exemption" for on-chain tokenized NMS stocks only applies to existing stocks already tradable in the secondary market and does not apply to new on-chain stock issuances. The scope is clearly narrower than the market previously expected; tokenized securities remain securities and must comply with federal securities laws. Peirce's departure adds uncertainty to the regulatory outlook for tokenized RWA (real-world assets). Her successor's stance will directly influence the future regulatory direction of tokenized stocks, stablecoins, and the entire crypto market. Thanks to Crypto Mom for her steadfastness and voice over the years 👏 Without her voice, the crypto industry would have faced even greater challenges in recent years. $BTC $ETH $HYPE #"Crypto Mom" Departure: SEC Tokenization Exemption Narrows

📉 HYPE just dropped about 5% Currently, the market is showing a clear pullback, with short-term selling pressure increasing. Overall network attention remains high, but price volatility has also increased accordingly. A few observations: This falls within the normal volatility range common in cryptocurrencies, especially in the meme coin sector, where 5% level corrections are quite frequent. The project's narrative and community activity have not shown obvious deterioration for now, but it is necessary to continuously monitor changes in trading volume and position concentration. Short-term support and resistance levels are being retested, and the market is in a phase of digesting previous gains. Overall crypto market sentiment remains neutral, and HYPE's movement is also heavily influenced by the broader market and capital flows. At present, this looks more like a natural correction after profit-taking rather than a trend reversal signal. However, volatility remains high, so it is recommended to pay attention to subsequent volume-price coordination and on-chain data. $ETH $BTC $ZEC #加息重回讨论桌：美债利率逼近19年高点

$ZEC continues to be shorted, still not optimistic about where it can rise to. The daily chart data looks really good, from 300 to 600 in one month, the best performer overall. Seeing everyone rushing to BSC chain to pump meme coins, I’m also getting restless, but the primary market is still the most fun, with takeoffs happening anytime 🛫

🚀 Elon Musk's Bitcoin empire exposed! SpaceX and Tesla currently hold a combined total of 30,221 BTC, valued at approximately $2.3 billion at current market prices! Specifically: SpaceX: 18,712 BTC (latest disclosure in IPO prospectus) Tesla: 11,509 BTC (long-term stable holding) If combined, this would directly make them the fifth largest publicly listed Bitcoin holder in the world! Musk's "Bitcoin faith" is once again validated—from Tesla to SpaceX, the orange pill is deeply embedded in his business empire. With SpaceX's upcoming IPO, this massive holding could attract even more market attention. $ETH $ZEC $HYPE What do you think? Will Musk continue to increase his position? 🔥 #SpaceX递交招股书：首次披露BTC持仓

Macro Alert: The Fed's "Rate Hike" Door is Opening! The yield on the U.S. 30-year Treasury bond intraday nears 5.20%, the highest since 2007! The 10-year remains at 4.58% (12-month high). Fed "mouthpiece" Nick Timiraos clearly stated: The discussion on rate cuts is nearing an end, and officials are seriously considering the possibility of rate hikes. Although the April FOMC minutes show most support holding steady, analysts point out that the actual number of hawks exceeds three, and policy is converging toward "ending easing." The interest rate swap market indicates: the implied probability of at least one rate hike before year-end remains above 80%. The double squeeze of high rates + a strong dollar: Gold is under pressure and falling, BTC is also continuously adjusting under macro tightening pressure. The market is fully shifting from "when to cut rates" to **"whether to hike rates."** Risk assets, the cold wave has arrived.🧊 Are you ready? #加息重回讨论桌：美债利率逼近19年高点 #SpaceX递交招股书：首次披露BTC持仓 $ETH $ZEC $SOL

NVIDIA's “perfect earnings report” yet drops about 3% after hours Why doesn't the market buy it? FY2027 Q1: ✅ Revenue $81.6 billion (exceeding expected $78.9 billion), up 85% year-over-year ✅ Data center $75.2 billion, a record high ✅ Q2 guidance $91 billion, significantly exceeding expectations ✅ Announced $80 billion buyback + quarterly dividend increased 25-fold However... the stock price still doesn't respond. This has been multiple consecutive quarters of “exceeding expectations but falling” — median pullback of 3.5% one week after the last four earnings reports. When all the positives are fully priced in, what the market wants is no longer better numbers, but a brand new story. Perfect data, why is no one buying? Has the AI narrative entered a stage where it can no longer tell a new story? 🧐