The $75,000–$76,000 range is the most critical resistance test zone for BTC this week. The operational approach should remain bearish-biased, with two contingency plans (A/B) prepared. For HYPE, focus on the support zone between $62.5 and $64.75. Consider going long if it stabilizes, but prepare for a larger correction if it breaks below.

Hyperliquid活成了Solana最嚮往的樣子。

三大支柱瓦解，高利率時代或形成新常態。

各類產品雖然都號稱能讓用戶接觸美股行情，實際賣的卻是完全不同的資產。

A large number of Asian Crypto VCs have disappeared. This cycle truly tests cash flow, value capture, and long-termism.

依托全球能源網絡和運營經驗，Cango有能力進一步提升運營效率，把握AI算力領域的新興機會，並推動長期可持續價值增長。

加速構建覆蓋加密資產、股票及全球主流金融產品的統一交易與資產配置體系。

Having entered the space less than a year ago, French semiconductor company Sequans liquidates its Bitcoin reserves and announces a return to its core semiconductor business.

一買一賣之間，能源獲利轉投住宅復甦賽道的戰略邏輯躍然紙上。

U.S. Retail Investors Outperform Institutional Investors for Two Consecutive Months, with May Excess Returns Hitting a Record 16 Percentage Points.

預測市場的手，正從事件交易伸向交易所的合約核心地帶。

2026年5月29日，鏈上監控系統檢測到一件市場一直在關注的事——Strategy將比特幣轉入Coinbase Prime。對於一家以「永不賣出比特幣」作為核心品牌的公司而言，這樣的金錢包動作對市場情緒的打擊又快又猛。但頭條新聞的傳播速度遠快於背後的故事背景，而背景在此扮演著舉足輕重的角色。以下是鏈上數據的實際面貌、Strategy財務結構的轉變原因，以及這一切對比特幣未來價格走勢的意義。

從火星敘事到AI基礎設施，真正的變數正在轉向平台價值。

One of the most surprising stories in the crypto industry over the past two years originates from a small team based in Singapore that has long consisted of only about a dozen employees. This company, founded just three years ago with a market cap of tens of billions of dollars, never took a single dollar of VC funding. Last year, with just 11 employees, it generated over $900 million in profit, making it one of the companies with the highest profit per employee on the planet. Core Thesis: This article deeply analyzes the rise, core mechanisms, and controversies of the cryptocurrency project Hyperliquid. Its strategy of "no VC, high profit, community-oriented" has rapidly made it the dominant force in perpetual contract DEXs. However, centralization controversies and security incidents have also led to accusations of it being "FTX 2.0."Key Elements:Founder and Culture: Founder Jeff Yan, a Harvard computer science graduate and founder of the anonymous market maker Chameleon Trading, has shaped Hyperliquid's core narrative with his minimalist, anti-VC personal style and community culture.Core Mechanism HLP: The HLP treasury opens Chameleon's proven strategy to users at zero cost. For the first time, ordinary users can access high-frequency trading strategies with zero capital outlay. An integrated points system helps identify real users, effectively reducing the proportion of bots.Tokenomics Design: 31% of the HYPE token supply was airdropped to users, and 97% of transaction fees are used for on-chain buybacks, creating sustained buying pressure that propelled the token into the top ten by market cap. However, its value is highly correlated with the trading volume of a single exchange; a decline in revenue would directly impact this buyback flywheel.Technology and User Experience: The proprietary Layer 1 (HyperBFT protocol) supports 200,000 transactions per second with a 0.07-second block time, delivering a CEX-level user experience with DEX transparency. Its anti-front-running design optimizes the environment for market makers.Security Incidents and Centralization Controversy: Back-to-back incidents in March 2025, involving a large ETH order and the JELLY event, exposed its risk management vulnerabilities. Validators quickly delisted assets and intervened in settlements, drawing severe criticism of its "decentralization" claims and being perceived as centralized actions.Market Competition and Landscape: Despite facing challenges from competitors like Aster and Lighter with top-tier VC backing, Hyperliquid maintains a commanding lead, holding over 70% of the open interest share in perpetual DEXs, thanks to a healthier "open interest/turnover ratio" and deeper real capital stickiness.

Whoever masters these infrastructures will control the customer gateway for the next decade.

幣安將於明日公布新產品，疑似與股票交易相關。