1.HYPE price reaches new highs repeatedly - A panoramic view of the Hyperliquid ecosystem

HYPE rebounded nearly 4x from its all-time low to become the best-performing asset among the top 100 coins over the past month – up more than 110%. The ecological data is even more impressive: Hyperliquid now accounts for 70% of the trading volume of DeFi perpetual contracts, with a total trading volume of $1.5 trillion, and the ecological TVL has soared to $1.4 billion – an increase of more than 100% this month alone. Click here to read

2. Strategy Comprehensive Analysis: Premium, Leverage, and Capital Structure

Strategy (MSTR) accounts for nearly one-third of the total market capitalization of pure equity/cryptocurrency markets and represents 10% of the Market Vector Global Digital Asset Stock Index (MVDAPP). Therefore, incorporating it into the portfolio is a key consideration for investment managers aiming to transform digital assets into excess returns. Click to read.

3. The power of the "GENIUS Stablecoin Act" is severely underestimated

Recently, the U.S. Senate passed a procedural motion for the GENIUS stablecoin bill, quickly sparking widespread discussion in the market. Many scholars from traditional fields have sharply criticized this bill, even with obvious sarcasm. They likened this move to "desperate measures for a dying patient" and predicted that it would drag the U.S. into a new economic predicament. Overall, the scholars' doubts mainly focus on two key points. Click to read.

4. The New Order of Stablecoins: Market, Technology, and Sovereignty Struggles

Stablecoins, as a core component connecting traditional finance and the crypto asset ecosystem, are steadily increasing in strategic importance. From the earliest centralized custody models (USDT, USDC) to today's stablecoins issued by protocols themselves, driven by on-chain synthesis and algorithmic mechanisms (such as Ethena's USDe), the market structure has fundamentally changed. Click to read.

5. Can stablecoins save US debt?

On May 21, 2025, the Senate passed the procedural motion for the GENIUS stablecoin bill 69-31, entering the plenary debate and amendment phase. This is the first comprehensive federal regulatory act for stablecoins in U.S. history, marking a key step forward in stablecoin legislation. Interestingly, the introduction of the stablecoin bill comes at a time when demand for U.S. bonds is poor and long-term interest rates continue to rise, and some bond investors have high hopes for the bill, believing that the growth of stablecoins will bring new demand for U.S. bonds, thereby easing the pressure on U.S. debt. What is a stablecoin? What does it have to do with U.S. bonds? Can Stablecoins Save U.S. Debt? In this article, we try to answer these questions. Click here to read