Top News

1. Hyperliquid 'Unplugs' to Settle JELLY Short, Ends Up Profiting $703,000

2. Musk, Ultraman, and Others Release Ghibli-themed AI Images, Related Meme Market Cap Surpasses $15 Million

3. ReachMe Clarifies Platform Has No Official Token, Warns Users of Related Scams

4. GameStop Plans $1.3 Billion Private Placement of Convertible Senior Notes for Bitcoin Purchase

5. Taproot Wizards Dutch Auction Sets Opening Bid at 0.42 BTC, Supports Bidding with SOL

Articles & Threads

1. "After Whale and CEX Hunt, Hyperliquid 'Unplugs' Saves $200 Million"

A liquidity crisis triggered by Memecoin $JELLY, an offshoot of video social app JellyJelly created by former Venmo co-founder Iqram and early Facebook product VP Sam Lessin, plunged the top derivatives DEX Hyperliquid into chaos.

2. "Is Cryptocurrency Investment Over? Data Reflects Reality of Primary Markets"

Over the past few years, the early-stage funding scale of Web3 has expanded, but funds are concentrated in a few companies, and fundraising has become more challenging. After the FTX crash, LP funds have gathered in a few leading funds, making it harder for startups to raise funds.

Market Data

Daily market-wide funding heat (reflected by the funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks